Denmark vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Denmark Iceland
🚶 Cost of living one person
$1904
$2828
👨‍👩‍👧‍👦 Cost of living Family
$4445
$5680
🏠 One person rent
$1021
$1717
🏘️ Family rent
$1799
$2549
🍽️ Food expenses
$599
$808
🚐 Transport expenses
$115
$86.4
💳 Monthly salary after tax
$3759
$3932
💸 GDP per capita
$68454
$79637
😃 Human freedom index
9.04
8.8
❤️ Life expectancy
81.3
82.2
👮 Corruption perceptions index
90
77
🌐 English speaking %
86.1%
98%
🎓 Higher education
97
81
😀 Quality of life
95
92
🏙️ Population
5.83M
364K

The average cost of living in Denmark ($1904) is 33% less expensive than in Iceland ($2828). Denmark ranked 18th vs 5th for Iceland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 2 months in Denmark compared to 1.4 months in Iceland. Ranked 2nd and 7th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Denmark vs Iceland infographic

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Prices in Denmark vs Iceland

We calculate prices for Denmark and Iceland as a population-weighted mean of 27 and 5 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Denmark Iceland
Eating Out
🍱 Lunch Menu
$19.6
$21.6
🥂 Dinner in a Restaurant, for 2
$95.8
$124
🥪 Fast food meal, equiv. McDonald's
$12.9
$18
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.67
$10.1
 Cappuccino
$5.8
$5.09
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.75
$2.8
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1095
$1778
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$814
$1557
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1975
$2758
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1491
$2322
🔌 Utility Bill one person, electricity, heating, water, etc.
$113
$44.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$173
$67.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$37.4
$71.6
🏦 Mortgage Interest Rate for 20 Years
4.11%
9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5598
$6265
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3969
$5556
Transportation
🚌 Local transport ticket
$3.34
$4.36
🎟️ Monthly ticket local transport
$81
$72.2
🚕 Taxi Ride, 8 km or 5 mi
$24.3
$26.1
 Gas / Petrol, 1 L or 0.26 gal
$1.98
$2.24
Groceries
🥛 Milk, 1 L or 1 qt
$1.88
$1.71
🍞 Bread, 0.5 kg or 1.1 lb
$3.03
$3.65
🍚 Rice, 1 kg or 2.2 lb
$2.29
$3.1
🥚 Eggs, x12
$4.67
$5.9
🧀 Cheese, 1 kg or 2.2 lb
$12.5
$15.9
🐔 Chicken Breast, 1 kg or 2.2 lb
$10.7
$20.8
🥩 Round Steak, 1 kg or 2.2 lb
$15.1
$37.2
🍏 Apples, 1 kg or 2.2 lb
$2.82
$2.84
🍌 Banana, 1 kg or 2.2 lb
$2.96
$2.24
🍊 Oranges, 1 kg or 2.2 lb
$3.14
$2.66
🍅 Tomato, 1 kg or 2.2 lb
$4.35
$4.59
🥔 Potato, 1 kg or 2.2 lb
$2.04
$3.21
🧅 Onion, 1 kg or 2.2 lb
$1.78
$2.08
🌊 Water, 1 L or 1 qt
$0.82
$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.83
$2.68
🍾 Wine (mid-priced), 750 mL bottle
$9.38
$20.7
🍺 Beer, 0.5 L or 16 fl oz
$1.7
$3.26
🚬 Cigarette pack
$8.69
$12.3
💊 Cold medicince, 1 week
$8.1
$10.5
🧴 Hair Shampoo
$3.75
$5.22
🧻 Toilet paper, 4 rolls
$2.52
$4.58
👄 Toothpaste, 1 tube
$2.11
$3.22
Other
🏋️ Gym Membership, 1 month
$40.8
$70
🎫 Cinema Ticket, 1 person
$17.2
$15.1
👩‍⚕️ Doctor's visit
$65.1
$82.3
💇 Haircut, simple
$30.1
$45.6
👖 Brand Jeans
$105
$128
👟 Brand Sneakers
$109
$158
👶 Daycare or Preschool, 1 month
$531
$282
🏫 International Primary School, 1 year
$8822
$2527

Cost of living in other countries

Cost of living

Cities Comparison in Denmark vs Iceland

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Cost of Living in Popular cities

In Denmark

City Cost of living Population
Copenhagen
$2333
644K
Aarhus
$1828
291K
Esbjerg
$1447
115K
Odense
$1816
177K
Frederiksberg
$2364
105K
Aalborg
$1676
113K
Gentofte
$2134
75.8K
Vejle
$1637
61.3K
Naestved
$1799
45K
Randers
$1505
62.8K
Herning
$1568
44.6K
Silkeborg
$1680
50.9K
Horsens
$1585
59.4K
Horsholm
$1952
47.5K
Kolding
$1315
58.8K
Roskilde
$1722
50K
Holstebro
$1491
37.2K
Viborg
$1508
41.1K
Hillerod
$1983
36K
Fredericia
$1506
41.2K
Helsingor
$1800
47.4K
Frederikshavn
$1394
23.5K
Sonderborg
$1416
27.6K
Svendborg
$1607
27.2K
Nuuk
$2031
18.3K
Haderslev
$1442
22.2K
Torshavn
$1828
13.3K

In Iceland

City Cost of living Population
Reykjavik
$2938
140K
Kopavogur
$2802
39.8K
Hafnarfjorur
$2817
30.6K
Akureyri
$2678
19.9K
Keflavik
$2355
23.3K