Cost of living comparison
Iceland is 4.2% more expensive than Denmark.
If you lived in Iceland instead of Denmark, you would:
pay 11.6% less for restaurants
Denmark
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.31
kr135.19
|
$17.84
kr2,519
|
|
Fast food combo meal
McDonalds, or similar
|
$12.00
kr84.03
|
$14.27
kr2,015
|
|
Bottle of Coca-Cola (11 fl. oz) |
$3.60
kr25.19
|
$2.32
kr327
|
|
Bottle of water (11 fl. oz) |
$2.73
kr19.11
|
$2.12
kr300
|
|
pay 2.6% more for groceries
Denmark
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.59
kr18.16
|
$3.42
kr484
|
|
Local cheese (8 oz) |
$5.70
kr39.93
|
$5.98
kr845
|
|
Milk (1 gallon) |
$6.51
kr45.56
|
$5.33
kr752
|
|
Eggs
1 dozen
|
$4.07
kr28.47
|
$5.66
kr799
|
|
Boneless chicken breast (1 lb) |
$4.95
kr34.68
|
$7.09
kr1,002
|
|
Apples (1 lb) |
$1.31
kr9.20
|
$1.16
kr164
|
|
Bananas (1 lb) |
$1.38
kr9.64
|
$0.98
kr139
|
|
Oranges (1 lb) |
$1.40
kr9.80
|
$1.17
kr166
|
|
Tomatoes (1 lb) |
$1.76
kr12.35
|
$1.84
kr259
|
|
Potatoes (1 lb) |
$0.84
kr5.89
|
$0.96
kr135
|
|
Onions (1 lb) |
$0.78
kr5.45
|
$0.51
kr72
|
|
pay 6.3% less for transportation
Denmark
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.13
kr56.91
|
$8.03
kr1,135
|
|
Monthly public transit pass |
$79.32
kr555.37
|
$77.40
kr10,932
|
|
New Volkswagen Golf 1.4 (standard edition) |
$39,887.40
kr279,283.61
|
$29,836.83
kr4,214,452
|
|
Taxi trip in downtown area (5 miles) |
$23.16
kr162.18
|
$23.97
kr3,385
|
|
pay 42.0% more for housing
Denmark
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$32.80
kr229.69
|
$62.40
kr8,814
|
|
1-Bedroom apartment in downtown area |
$904.62
kr6,333.95
|
$1,437.14
kr202,996
|
|
1-Bedroom apartment outside city center |
$690.34
kr4,833.60
|
$1,215.63
kr171,707
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$160.35
kr1,122.70
|
$68.63
kr9,694
|
|
pay 40.7% less for childcare
Denmark
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$419.05
kr2,934.08
|
$259.34
kr36,632
|
|
Middle school for 1 child, two semesters |
$4,842.90
kr33,909.02
|
$2,750.10
kr388,451
|
|
pay 13.1% more for entertainment and sports
Denmark
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$6.81
kr47.67
|
$8.52
kr1,204
|
|
Cappuccino in mid-range area |
$5.17
kr36.18
|
$4.15
kr587
|
|
Pack of cigarettes
Marlboro or similar
|
$8.52
kr59.66
|
$10.64
kr1,502
|
|
Monthly membership at local gym |
$36.38
kr254.71
|
$56.90
kr8,037
|
|
Movie ticket to theater/cinema |
$15.61
kr109.33
|
$12.27
kr1,734
|
|
pay 30.2% more for clothing
Denmark
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$97.12
kr680.03
|
$118.08
kr16,678
|
|
Regular dress
from H&M or similar store
|
$42.49
kr297.49
|
$50.39
kr7,117
|
|
Running shoes
Nike or Adidas
|
$98.35
kr688.61
|
$151.12
kr21,345
|
|
Men's business shoes (leather) |
$137.97
kr966.06
|
$175.20
kr24,747
|
|
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