Cost of living comparison
Iceland is 11.4% cheaper than Copenhagen.
If you lived in Iceland instead of Copenhagen, you would:
pay 13.3% less for restaurants
Copenhagen
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.03
kr133.26
|
$17.84
kr2,519
|
|
Fast food combo meal
McDonalds, or similar
|
$13.18
kr92.26
|
$14.27
kr2,015
|
|
Bottle of Coca-Cola (11 fl. oz) |
$3.32
kr23.23
|
$2.32
kr327
|
|
Bottle of water (11 fl. oz) |
$2.83
kr19.84
|
$2.12
kr300
|
|
pay 2.7% less for groceries
Copenhagen
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$3.08
kr21.54
|
$3.42
kr484
|
|
Local cheese (8 oz) |
$6.50
kr45.50
|
$5.98
kr845
|
|
Milk (1 gallon) |
$7.51
kr52.56
|
$5.33
kr752
|
|
Eggs
1 dozen
|
$4.85
kr33.93
|
$5.66
kr799
|
|
Boneless chicken breast (1 lb) |
$5.26
kr36.82
|
$7.09
kr1,002
|
|
Apples (1 lb) |
$1.34
kr9.36
|
$1.16
kr164
|
|
Bananas (1 lb) |
$1.17
kr8.16
|
$0.98
kr139
|
|
Oranges (1 lb) |
$1.27
kr8.90
|
$1.17
kr166
|
|
Tomatoes (1 lb) |
$1.91
kr13.40
|
$1.84
kr259
|
|
Potatoes (1 lb) |
$0.84
kr5.86
|
$0.96
kr135
|
|
Onions (1 lb) |
$0.72
kr5.06
|
$0.51
kr72
|
|
pay 10.1% less for transportation
Copenhagen
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.69
kr60.84
|
$8.03
kr1,135
|
|
Monthly public transit pass |
$79.06
kr553.53
|
$77.40
kr10,932
|
|
New Volkswagen Golf 1.4 (standard edition) |
$40,992.01
kr287,017.83
|
$29,836.83
kr4,214,452
|
|
Taxi trip in downtown area (5 miles) |
$24.89
kr174.26
|
$23.97
kr3,385
|
|
pay 5.3% less for housing
Copenhagen
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$37.33
kr261.39
|
$62.40
kr8,814
|
|
1-Bedroom apartment in downtown area |
$1,802.29
kr12,619.27
|
$1,437.14
kr202,996
|
|
1-Bedroom apartment outside city center |
$1,332.46
kr9,329.59
|
$1,215.63
kr171,707
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$169.53
kr1,187.02
|
$68.63
kr9,694
|
|
pay 56.7% less for childcare
Copenhagen
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$530.51
kr3,714.51
|
$259.34
kr36,632
|
|
Middle school for 1 child, two semesters |
$7,272.42
kr50,920.04
|
$2,750.10
kr388,451
|
|
pay 0.9% less for entertainment and sports
Copenhagen
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.05
kr56.38
|
$8.52
kr1,204
|
|
Cappuccino in mid-range area |
$6.13
kr42.94
|
$4.15
kr587
|
|
Pack of cigarettes
Marlboro or similar
|
$8.78
kr61.50
|
$10.64
kr1,502
|
|
Monthly membership at local gym |
$43.50
kr304.56
|
$56.90
kr8,037
|
|
Movie ticket to theater/cinema |
$17.57
kr123.01
|
$12.27
kr1,734
|
|
pay 9.5% more for clothing
Copenhagen
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$107.06
kr749.58
|
$118.08
kr16,678
|
|
Regular dress
from H&M or similar store
|
$51.35
kr359.56
|
$50.39
kr7,117
|
|
Running shoes
Nike or Adidas
|
$119.70
kr838.11
|
$151.12
kr21,345
|
|
Men's business shoes (leather) |
$169.20
kr1,184.70
|
$175.20
kr24,747
|
|
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