Cost of Living Comparison Between Oslo and Reykjavik 
| Indices Difference |  |
|---|---|
| Consumer Prices in Reykjavik are 11.0% higher than in Oslo (without rent) | |
| Consumer Prices Including Rent in Reykjavik are 18.0% higher than in Oslo | |
| Rent Prices in Reykjavik are 37.0% higher than in Oslo | |
| Restaurant Prices in Reykjavik are 15.9% higher than in Oslo | |
| Groceries Prices in Reykjavik are 14.7% higher than in Oslo | |
| Local Purchasing Power in Reykjavik is 11.9% lower than in Oslo | |
Restaurants | Oslo Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
230.00 NOK (2,938.86 ISK) |
230.48 NOK (2,945.00 ISK) |
+0.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
1,000.00 NOK (12,777.65 ISK) |
1,350.01 NOK (17,250.00 ISK) |
+35.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
128.24 NOK (1,638.59 ISK) |
183.91 NOK (2,350.00 ISK) |
+43.4 % |
| Domestic Beer (1 pint draught) |
110.00 NOK (1,405.54 ISK) |
117.39 NOK (1,500.00 ISK) |
+6.7 % |
| Imported Beer (12 oz small bottle) |
110.00 NOK (1,405.54 ISK) |
97.83 NOK (1,250.00 ISK) |
-11.1 % |
| Cappuccino (regular) |
46.77 NOK (597.57 ISK) |
55.68 NOK (711.45 ISK) |
+19.1 % |
| Coke/Pepsi (12 oz small bottle) |
37.67 NOK (481.36 ISK) |
31.58 NOK (403.52 ISK) |
-16.2 % |
| Water (12 oz small bottle) |
26.97 NOK (344.61 ISK) |
22.55 NOK (288.16 ISK) |
-16.4 % |
Markets | Oslo Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
83.93 NOK (1,072.37 ISK) |
67.25 NOK (859.29 ISK) |
-19.9 % |
| Loaf of Fresh White Bread (1 lb) |
30.05 NOK (383.94 ISK) |
36.25 NOK (463.18 ISK) |
+20.6 % |
| Rice (white), (1 lb) |
14.62 NOK (186.81 ISK) |
16.19 NOK (206.86 ISK) |
+10.7 % |
| Eggs (regular) (12) |
46.30 NOK (591.66 ISK) |
64.70 NOK (826.70 ISK) |
+39.7 % |
| Local Cheese (1 lb) |
58.53 NOK (747.89 ISK) |
76.11 NOK (972.52 ISK) |
+30.0 % |
| Chicken Fillets (1 lb) |
68.72 NOK (878.10 ISK) |
97.46 NOK (1,245.32 ISK) |
+41.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
136.57 NOK (1,745.05 ISK) |
157.64 NOK (2,014.32 ISK) |
+15.4 % |
| Apples (1 lb) |
14.77 NOK (188.71 ISK) |
16.08 NOK (205.50 ISK) |
+8.9 % |
| Banana (1 lb) |
10.14 NOK (129.63 ISK) |
10.48 NOK (133.86 ISK) |
+3.3 % |
| Oranges (1 lb) |
13.75 NOK (175.70 ISK) |
13.31 NOK (170.10 ISK) |
-3.2 % |
| Tomato (1 lb) |
22.89 NOK (292.49 ISK) |
24.28 NOK (310.30 ISK) |
+6.1 % |
| Potato (1 lb) |
9.64 NOK (123.23 ISK) |
15.25 NOK (194.92 ISK) |
+58.2 % |
| Onion (1 lb) |
10.72 NOK (137.02 ISK) |
10.08 NOK (128.82 ISK) |
-6.0 % |
| Lettuce (1 head) |
26.90 NOK (343.66 ISK) |
33.82 NOK (432.20 ISK) |
+25.8 % |
| Water (1.5 liter bottle) |
20.89 NOK (266.95 ISK) |
20.89 NOK (266.92 ISK) |
-0.0 % |
| Bottle of Wine (Mid-Range) |
155.00 NOK (1,980.54 ISK) |
219.13 NOK (2,800.00 ISK) |
+41.4 % |
| Domestic Beer (0.5 liter bottle) |
33.95 NOK (433.80 ISK) |
33.33 NOK (425.89 ISK) |
-1.8 % |
| Imported Beer (12 oz small bottle) |
42.47 NOK (542.70 ISK) |
27.85 NOK (355.89 ISK) |
-34.4 % |
| Cigarettes 20 Pack (Marlboro) |
155.00 NOK (1,980.54 ISK) |
129.13 NOK (1,650.00 ISK) |
-16.7 % |
Transportation | Oslo Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
40.00 NOK (511.11 ISK) |
44.61 NOK (570.00 ISK) |
+11.5 % |
| Monthly Pass (Regular Price) |
853.00 NOK (10,899.33 ISK) |
727.83 NOK (9,300.00 ISK) |
-14.7 % |
| Taxi Start (Normal Tariff) |
100.00 NOK (1,277.76 ISK) |
57.13 NOK (730.00 ISK) |
-42.9 % |
| Taxi 1 mile (Normal Tariff) |
25.34 NOK (323.77 ISK) |
40.81 NOK (521.43 ISK) |
+61.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
520.00 NOK (6,644.38 ISK) |
753.66 NOK (9,630.00 ISK) |
+44.9 % |
| Gasoline (1 gallon) |
84.20 NOK (1,075.91 ISK) |
93.45 NOK (1,194.08 ISK) |
+11.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
400,000.00 NOK (5,111,058.15 ISK) |
453,135.13 NOK (5,790,000.00 ISK) |
+13.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
388,175.00 NOK (4,959,962.50 ISK) |
476,393.08 NOK (6,087,181.82 ISK) |
+22.7 % |
Utilities (Monthly) | Oslo Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,848.19 NOK (23,615.56 ISK) |
917.48 NOK (11,723.24 ISK) |
-50.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
376.84 NOK (4,815.13 ISK) |
254.72 NOK (3,254.67 ISK) |
-32.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
490.27 NOK (6,264.49 ISK) |
745.30 NOK (9,523.22 ISK) |
+52.0 % |
Sports And Leisure | Oslo Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
506.35 NOK (6,469.91 ISK) |
712.46 NOK (9,103.59 ISK) |
+40.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
276.15 NOK (3,528.60 ISK) |
314.16 NOK (4,014.29 ISK) |
+13.8 % |
| Cinema, International Release, 1 Seat |
170.00 NOK (2,172.20 ISK) |
156.52 NOK (2,000.00 ISK) |
-7.9 % |
Childcare | Oslo Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,307.50 NOK (42,262.06 ISK) |
2,744.87 NOK (35,073.00 ISK) |
-17.0 % |
| International Primary School, Yearly for 1 Child |
88,074.44 NOK (1,125,384.02 ISK) |
65,087.63 NOK (831,666.67 ISK) |
-26.1 % |
Clothing And Shoes | Oslo Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
920.68 NOK (11,764.12 ISK) |
1,141.22 NOK (14,582.11 ISK) |
+24.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
484.14 NOK (6,186.21 ISK) |
475.64 NOK (6,077.50 ISK) |
-1.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,084.54 NOK (13,857.85 ISK) |
1,543.53 NOK (19,722.73 ISK) |
+42.3 % |
| 1 Pair of Men Leather Business Shoes |
1,450.00 NOK (18,527.59 ISK) |
1,980.85 NOK (25,310.62 ISK) |
+36.6 % |
Rent Per Month | Oslo Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
15,341.67 NOK (196,030.38 ISK) |
20,275.81 NOK (259,077.12 ISK) |
+32.2 % |
| Apartment (1 bedroom) Outside of Centre |
12,259.26 NOK (156,644.47 ISK) |
18,121.98 NOK (231,556.29 ISK) |
+47.8 % |
| Apartment (3 bedrooms) in City Centre |
23,236.67 NOK (296,909.89 ISK) |
29,423.69 NOK (375,965.52 ISK) |
+26.6 % |
| Apartment (3 bedrooms) Outside of Centre |
17,769.64 NOK (227,054.20 ISK) |
26,166.49 NOK (334,346.15 ISK) |
+47.3 % |
Buy Apartment Price | Oslo Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
8,751.80 NOK (111,827.36 ISK) |
6,436.29 NOK (82,240.62 ISK) |
-26.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
6,068.42 NOK (77,540.10 ISK) |
5,125.29 NOK (65,489.17 ISK) |
-15.5 % |
Salaries And Financing | Oslo Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
38,624.42 NOK (493,529.20 ISK) |
40,178.02 NOK (513,380.43 ISK) |
+4.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.07 | 8.14 | +99.8 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 226 | 161 |
Moving to Oslo? Explore:
Moving to Reykjavik? Explore:
Cities near Oslo: | Cost of Living in Ski | 17.36 miles |
| Cost of Living in Drammen | 25.82 miles |
| Cost of Living in Jessheim | 26.97 miles |
| Cost of Living in Askim | 33.55 miles |
| Cost of Living in Moss | 37.00 miles |
| Cost of Living in Kongsberg | 50.58 miles |
| Cost of Living in Horten | 57.90 miles |
| Cost of Living in Sandefjord | 75.00 miles |
| Cost of Living in Larvik | 81.92 miles |
| Cost of Living in Porsgrunn | 94.02 miles |
Cities near Reykjavik: | Cost of Living in Hafnarfjorour | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |