Denmark vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Denmark Iceland
🚶 Cost of living one person
$1890
$2384
👨‍👩‍👧‍👦 Cost of living Family
$4472
$5111
🏠 One person rent
$1004
$1378
🏘️ Family rent
$1860
$2233
🍽️ Food expenses
$601
$734
🚐 Transport expenses
$118
$80.4
💳 Monthly salary after tax
$3448
$3560
💸 GDP per capita
$66983
$72903
😃 Human freedom index
8.72
8.64
❤️ Life expectancy
81.4
83.1
👮 Corruption perceptions index
90
74
🌐 English speaking %
86.1%
98%
🎓 Higher education
97
81
😀 Quality of life
95
93
🏙️ Population
5.83M
364K

The average cost of living in Denmark ($1890) is 21% less expensive than in Iceland ($2384). Denmark ranked 16th vs 7th 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 1.8 months in Denmark compared to 1.5 months in Iceland. Ranked 3rd and 8th 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
$18.9
🥂 Dinner in a Restaurant, for 2
$94.8
$102
🥪 Fast food meal, equiv. McDonald's
$12.9
$15.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$7.47
$9.3
 Cappuccino
$5.59
$4.62
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.78
$2.67
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1076
$1461
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$778
$1214
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2016
$2314
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1523
$2036
🔌 Utility Bill one person, electricity, heating, water, etc.
$133
$48.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$204
$75
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$34
$65.8
🏦 Mortgage Interest Rate for 20 Years
3.61%
6.7%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5483
$5379
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3775
$4254
Transportation
🚌 Local transport ticket
$3.42
$3.93
🎟️ Monthly ticket local transport
$77.3
$65.4
🚕 Taxi Ride, 8 km or 5 mi
$26.3
$24.3
 Gas / Petrol, 1 L or 0.26 gal
$2.09
$2.24
Groceries
🥛 Milk, 1 L or 1 qt
$1.84
$1.57
🍞 Bread, 0.5 kg or 1.1 lb
$3.01
$3.33
🍚 Rice, 1 kg or 2.2 lb
$2.35
$3.24
🥚 Eggs, x12
$4.46
$5.9
🧀 Cheese, 1 kg or 2.2 lb
$12.1
$14.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$11.4
$18.5
🥩 Round Steak, 1 kg or 2.2 lb
$17.3
$29.1
🍏 Apples, 1 kg or 2.2 lb
$2.99
$2.99
🍌 Banana, 1 kg or 2.2 lb
$3.07
$2.14
🍊 Oranges, 1 kg or 2.2 lb
$3.19
$2.68
🍅 Tomato, 1 kg or 2.2 lb
$4.18
$4.56
🥔 Potato, 1 kg or 2.2 lb
$1.96
$2.8
🧅 Onion, 1 kg or 2.2 lb
$1.68
$1.67
🌊 Water, 1 L or 1 qt
$0.89
$1.39
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.13
$2.39
🍾 Wine (mid-priced), 750 mL bottle
$9.79
$19
🍺 Beer, 0.5 L or 16 fl oz
$1.78
$3.07
🚬 Cigarette pack
$8.71
$11.5
💊 Cold medicince, 1 week
$7.89
$12.8
🧴 Hair Shampoo
$3.98
$5.91
🧻 Toilet paper, 4 rolls
$2.34
$5.04
👄 Toothpaste, 1 tube
$2.31
$3.25
Other
🏋️ Gym Membership, 1 month
$38.2
$62.9
🎫 Cinema Ticket, 1 person
$16.9
$14.1
👩‍⚕️ Doctor's visit
$71.9
$77.4
💇 Haircut, simple
$28
$36.6
👖 Brand Jeans
$102
$110
👟 Brand Sneakers
$100
$143
👶 Daycare or Preschool, 1 month
$475
$252
🏫 International Primary School, 1 year
$5787
$5636

Cost of living in other countries

Cost of living

Cities Comparison in Denmark vs Iceland

More countries to compare

Cost of Living in Popular cities

In Denmark

City Cost of living Population
Copenhagen
$2371
644K
Aarhus
$1798
285K
Odense
$1893
177K
Frederiksberg
$1984
105K
Esbjerg
$1521
115K
Aalborg
$1695
113K
Gentofte
$1998
75.8K
Naestved
$1670
41.9K
Vejle
$1668
56.6K
Randers
$1556
62.8K
Kolding
$1373
58.8K
Roskilde
$1747
50K
Horsholm
$1868
47.5K
Holstebro
$1298
35.4K
Horsens
$1420
59.4K
Silkeborg
$1476
44.3K
Herning
$1613
44.6K
Helsingor
$1584
47.4K
Fredericia
$1634
39.9K
Hillerod
$2021
36K
Viborg
$1524
41.1K
Frederikshavn
$1476
23.5K
Sonderborg
$1381
27.6K
Svendborg
$1567
27.2K
Nuuk
$1928
18.3K
Haderslev
$1358
22K
Torshavn
$1944
13.3K

In Iceland

City Cost of living Population
Reykjavik
$2534
140K
Kopavogur
$2264
39.8K
Hafnarfjorur
$2343
30.6K
Akureyri
$1959
19.9K
Keflavik
$1985
16.5K