Budget Direct Insurance Money Magazine's Insurer of the Year 2017, 2018, 2019, 2020, and 2021

Money magazine
Insurer of the
Year 2017-21

prices shown in
Copenhagen vs Reykjavik
Cph vs Rkv

Average net salary (After tax)

Reykjavik
Copenhagen

Housing

  • Rent apartment
  • Buy apartment

Rent 1 bedroom apartment

Cost per month

In city centre
Rkv
Cph
Outside city centre
Rkv
Cph

Rent 3 bedroom apartment

Cost per month

In city centre
Rkv
Cph
Outside city centre
Rkv
Cph

Buy apartment

Price per m2

In city centre
Rkv
Cph
Outside city centre
Rkv
Cph

Mortgage rates

Reykjavik
4.5%
Copenhagen
5.5%
Compare our
home insurance prices

Utilities

  • Basic Utilities
  • Internet & Phone

Basic utilities

Electricity, heating, water, Garbage for a 85m2 Apartment

Reykjavik
Copenhagen

Internet

60 Mbps or more, unlimited data, Cable/ADSL

Rkv
Cph

Mobile phone data

One-minute local prepaid call (no plan or discount)

Rkv
Cph

Transport

  • Public Transport
  • Car

One-way ticket

Local transport

Rkv
Cph

Monthly pass

Regular price

Rkv
Cph

Fuel prices

Per Litre

Reykjavik
Copenhagen

Buying a new car

Volkswagen Golf 1.4 90KW Trendline (Or equivalent)

Rkv
Cph
Compare our
car insurance prices

Groceries

  • Staples
  • Meat
  • Produce
  • Cigarettes

Staples

Milk 1L
Rkv
Cph
White bread 500g
Rkv
Cph
Eggs 12
Rkv
Cph
White rice 1kg
Rkv
Cph

Pack of cigarettes

(Marlboro)

Reykjavik
Copenhagen

Meat & cheese

Chicken breasts 1kg
Rkv
Cph
Beef round 1kg
Rkv
Cph
Local cheese 1kg
Rkv
Cph

Vegetables

Potatoes 1kg
Rkv
Cph
Lettuce 1 head
Rkv
Cph
Tomatoes 1kg
Rkv
Cph

Fruit

Apples 1kg
Rkv
Cph
Oranges 1 head
Rkv
Cph
Bananas 1kg
Rkv
Cph

Eating Out

  • Food
  • Drinks

Meal for two

Inexpensive restaurant 2 meals
Rkv $4,070.74/mth
Cph $4,070.74/mth
Mid-range restaurant Three-course meal for two people
Rkv $4,070.74/mth
Cph $4,070.74/mth

Mcdonalds McMeal

Or equivalent combo meal

Reykjavik
4.5%
Copenhagen
5.5%

Restaurant Prices in Reykjavik are 17.14% higher than in Copenhagen

Drinks

Coke/Pepsi 0.33L
bottle
Rkv $4,070.74/mth
Cph $4,070.74/mth
Water 0.33L
bottle
Rkv $4,070.74/mth
Cph $4,070.74/mth
Cappuccino regular
Rkv $4,070.74/mth
Cph $4,070.74/mth

Alcohol

  • Beer
  • Wine

Domestic beer

Restaurant 0.5L draught
Rkv
Cph
Market 0.5L bottle
Rkv
Cph

Imported beer

Restaurant 0.33L bottle
Rkv
Cph
Market 0.33L bottle
Rkv
Cph

Bottle of wine

Mid-range, from supermarket

Reykjavik
5
Copenhagen

Clothing

  • Clothing
  • Shoes

Pair of jeans

Levis 501 or similar

Rkv
Cph

Summer dress

From a chain store (e.g. Zara, H&M)

Rkv
Cph

Shoes

1 pair Nike shoes
Rkv
Cph
1 pair men's leather shoes
Rkv
Cph

Leisure

  • Cinema
  • Sports

Cinema

One ticket for an international release

Reykjavik
$15.33
Copenhagen
$11.43

Tennis court rental

One hour on weekend

Rkv $4,070.74/mth
Cph $4,070.74/mth

Fitness club

Monthly fee for one adult

Rkv $4,070.74/mth
Cph $4,070.74/mth