Cost of living comparison

compared to

Iceland vs. Denmark Cost of Living Summary

Iceland is 39.9% more expensive than Denmark overall.

Restaurants: pay 10.6% more in Iceland
Groceries: pay 25.5% more in Iceland
Transportation: pay 1.3% more in Iceland
Housing: pay 78.0% more in Iceland
Childcare: pay 98.8% more in Iceland
Entertainment and Sports: pay 28.5% more in Iceland
Clothing: pay 36.4% more in Iceland

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

Iceland vs. Denmark Cost Breakdown

If you lived in Iceland instead of Denmark, you would:

Display currency: USD

pay 10.6% more for restaurants

	Denmark	Iceland
Basic meal with drink at inexpensive restaurant	$23.17 DKK149.62	$26.52 ISK3,296	+14.5%
Fast food combo meal McDonalds, or similar	$13.90 DKK89.75	$21.32 ISK2,649	+53.4%
Bottle of Coca-Cola (11 fl. oz)	$3.84 DKK24.78	$3.11 ISK386	-19.0%
Bottle of water (11 fl. oz)	$2.91 DKK18.81	$2.72 ISK338	-6.6%
Average			+10.6%

Denmark vs. Iceland - Cost of restaurants

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pay 25.5% more for groceries

	Denmark	Iceland
Bread 1 loaf	$3.26 DKK21.07	$3.80 ISK473	+16.5%
Local cheese (8 oz)	$6.90 DKK44.56	$9.44 ISK1,173	+36.7%
Milk (1 gallon)	$7.91 DKK51.10	$7.78 ISK967	-1.7%
Eggs 1 dozen	$4.82 DKK31.15	$6.71 ISK834	+39.1%
Boneless chicken breast (1 lb)	$5.27 DKK34.02	$11.22 ISK1,394	+113.0%
Apples (1 lb)	$1.44 DKK9.29	$1.50 ISK186	+3.9%
Bananas (1 lb)	$1.47 DKK9.50	$1.15 ISK142	-22.1%
Oranges (1 lb)	$1.57 DKK10.12	$1.41 ISK176	-9.8%
Tomatoes (1 lb)	$2.17 DKK14.03	$2.34 ISK291	+7.7%
Potatoes (1 lb)	$0.96 DKK6.22	$1.65 ISK205	+71.0%
Onions (1 lb)	$0.87 DKK5.61	$1.09 ISK136	+25.9%
Average			+25.5%

Denmark vs. Iceland - Cost of groceries

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pay 1.3% more for transportation

	Denmark	Iceland
Gasoline (1 gallon)	$8.41 DKK54.29	$9.65 ISK1,200	+14.8%
Monthly public transit pass	$89.74 DKK579.47	$79.56 ISK9,887	-11.3%
New Volkswagen Golf 1.4 (standard edition)	$48,140.44 DKK311K	$49,144.25 ISK6M	+2.1%
Taxi trip in downtown area (5 miles)	$25.64 DKK165.54	$25.55 ISK3,176	-0.3%
Average			+1.3%

Denmark vs. Iceland - Cost of transportation

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pay 78.0% more for housing

	Denmark	Iceland
Internet connection 50 mbps or faster, cable/dsl	$40.30 DKK260.25	$95.65 ISK11,886	+137.3%
1-Bedroom apartment in downtown area	$1,064.91 DKK6,876.66	$2,289.17 ISK284K	+115.0%
1-Bedroom apartment outside city center	$842.32 DKK5,439.29	$1,830.04 ISK227K	+117.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$154.40 DKK997.02	$65.15 ISK8,096	-57.8%
Average			+78.0%

Denmark vs. Iceland - Cost of housing

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pay 98.8% more for childcare

	Denmark	Iceland
Private preschool for 1 child, monthly	$547.90 DKK3,538.04	$334.67 ISK41,589	-38.9%
Middle school for 1 child, two semesters	$9,128.43 DKK58,946.84	$30,711.08 ISK4M	+236.4%
Average			+98.8%

Denmark vs. Iceland - Cost of childcare

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pay 28.5% more for entertainment and sports

	Denmark	Iceland
Domestic/local beer (1 pint)	$8.18 DKK52.81	$11.14 ISK1,385	+36.2%
Cappuccino in mid-range area	$6.19 DKK39.99	$5.62 ISK699	-9.2%
Pack of cigarettes Marlboro or similar	$9.59 DKK61.94	$13.90 ISK1,727	+44.9%
Monthly membership at local gym	$43.64 DKK281.80	$78.17 ISK9,714	+79.1%
Movie ticket to theater/cinema	$18.32 DKK118.29	$16.75 ISK2,082	-8.5%
Average			+28.5%

Denmark vs. Iceland - Cost of entertainment and sports

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pay 36.4% more for clothing

	Denmark	Iceland
Regular jeans Levi's brand	$103.92 DKK671.06	$130.91 ISK16,268	+26.0%
Regular dress from H&M or similar store	$42.34 DKK273.39	$61.83 ISK7,684	+46.0%
Running shoes Nike or Adidas	$120.57 DKK778.57	$163.81 ISK20,357	+35.9%
Men's business shoes (leather)	$172.17 DKK1,111.79	$237.31 ISK29,491	+37.8%
Average			+36.4%

Denmark vs. Iceland - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: March 2026

Compare further: Denmark vs. Iceland

Quality of Life Comparison · 10 statistics

Be 30.7% less likely to be unemployed in Iceland

Size Comparison · See true size

Denmark is about 2.4 times smaller than Iceland.

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