Cost of living comparison

Denmark

compared to

Iceland

Reykjavik vs. Copenhagen Cost of Living Summary

Reykjavik is 19.0% more expensive than Copenhagen.

Restaurants: pay 42.9% more in Reykjavik
Groceries: pay 7.9% more in Reykjavik
Transportation: pay 5.2% less in Reykjavik
Housing: pay 19.3% more in Reykjavik
Childcare: pay 91.1% more in Reykjavik
Entertainment and Sports: pay 25.0% more in Reykjavik
Clothing: pay 31.3% more in Reykjavik

The cost of childcare, restaurants, clothing, entertainment and sports, housing, and groceries in Reykjavik are more expensive than in Copenhagen. Notably, childcare is significantly more expensive in Reykjavik.

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Reykjavik vs. Copenhagen Cost Breakdown

If you lived in Reykjavik instead of Copenhagen, you would:

Display currency: USD

pay 42.9% more for restaurants

	Copenhagen	Reykjavik
Basic meal with drink at inexpensive restaurant	$20.97 DKK139.50	$31.06 ISK3,763	+48.1%
Fast food combo meal McDonalds, or similar	$13.48 DKK89.68	$26.97 ISK3,268	+100.0%
Bottle of Coca-Cola (11 fl. oz)	$5.10 DKK33.90	$3.31 ISK402	-35.0%
Bottle of water (11 fl. oz)	$3.77 DKK25.04	$3.11 ISK376	-17.5%
Average			+42.9%

Copenhagen vs. Reykjavik - Cost of restaurants

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pay 7.9% more for groceries

	Copenhagen	Reykjavik
Bread 1 loaf	$4.77 DKK31.74	$4.19 ISK508	-12.1%
Local cheese (8 oz)	$8.64 DKK57.47	$10.93 ISK1,324	+26.5%
Milk (1 gallon)	$7.89 DKK52.48	$7.78 ISK942	-1.4%
Eggs 1 dozen	$5.89 DKK39.19	$7.08 ISK858	+20.1%
Boneless chicken breast (1 lb)	$6.31 DKK41.95	$11.00 ISK1,333	+74.4%
Apples (1 lb)	$1.52 DKK10.13	$1.50 ISK182	-1.3%
Bananas (1 lb)	$1.39 DKK9.22	$1.27 ISK154	-8.5%
Oranges (1 lb)	$1.96 DKK13.02	$1.46 ISK177	-25.5%
Tomatoes (1 lb)	$2.59 DKK17.20	$2.93 ISK355	+13.4%
Potatoes (1 lb)	$1.07 DKK7.10	$1.78 ISK215	+66.3%
Onions (1 lb)	$0.95 DKK6.33	$0.76 ISK92	-20.5%
Average			+7.9%

Copenhagen vs. Reykjavik - Cost of groceries

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pay 5.2% less for transportation

	Copenhagen	Reykjavik
Gasoline (1 gallon)	$9.58 DKK63.75	$7.76 ISK941	-19.0%
Monthly public transit pass	$104.86 DKK697.48	$94.80 ISK11,488	-9.6%
New Volkswagen Golf 1.4 (standard edition)	$50,184.55 DKK334K	$50,588.43 ISK6M	+0.8%
Taxi trip in downtown area (5 miles)	$19.03 DKK126.54	$29.26 ISK3,545	+53.8%
Average			-5.2%

Copenhagen vs. Reykjavik - Cost of transportation

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pay 19.3% more for housing

	Copenhagen	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$37.42 DKK248.91	$86.01 ISK10,422	+129.8%
1-Bedroom apartment in downtown area	$1,981.79 DKK13,181.29	$2,522.88 ISK306K	+27.3%
1-Bedroom apartment outside city center	$1,454.31 DKK9,672.90	$2,032.25 ISK246K	+39.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$138.83 DKK923.39	$73.44 ISK8,899	-47.1%
Average			+19.3%

Copenhagen vs. Reykjavik - Cost of housing

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pay 91.1% more for childcare

	Copenhagen	Reykjavik
Private preschool for 1 child, monthly	$977.91 DKK6,504.25	$1,185.23 ISK144K	+21.2%
Middle school for 1 child, two semesters	$8,580.66 DKK57,071.67	$25,853.51 ISK3M	+201.3%
Average			+91.1%

Copenhagen vs. Reykjavik - Cost of childcare

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pay 25.0% more for entertainment and sports

	Copenhagen	Reykjavik
Domestic/local beer (1 pint)	$8.99 DKK59.78	$13.89 ISK1,684	+54.6%
Cappuccino in mid-range area	$6.97 DKK46.39	$6.74 ISK817	-3.3%
Pack of cigarettes Marlboro or similar	$9.44 DKK62.77	$13.89 ISK1,684	+47.2%
Monthly membership at local gym	$64.00 DKK425.70	$100.25 ISK12,148	+56.6%
Movie ticket to theater/cinema	$20.22 DKK134.51	$19.57 ISK2,372	-3.2%
Average			+25.0%

Copenhagen vs. Reykjavik - Cost of entertainment and sports

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pay 31.3% more for clothing

	Copenhagen	Reykjavik
Regular jeans Levi's brand	$108.66 DKK722.72	$149.01 ISK18,058	+37.1%
Regular dress from H&M or similar store	$53.68 DKK357.04	$65.79 ISK7,972	+22.6%
Running shoes Nike or Adidas	$128.48 DKK854.58	$181.84 ISK22,035	+41.5%
Men's business shoes (leather)	$199.12 DKK1,324.38	$248.81 ISK30,151	+25.0%
Average			+31.3%

Copenhagen vs. Reykjavik - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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