Cost of Living Comparison Between Oslo and Reykjavik 

Indices DifferenceInfo
Consumer Prices in Reykjavik are 11.5% higher than in Oslo (without rent)
Consumer Prices Including Rent in Reykjavik are 17.9% higher than in Oslo
Rent Prices in Reykjavik are 34.7% higher than in Oslo
Restaurant Prices in Reykjavik are 22.6% higher than in Oslo
Groceries Prices in Reykjavik are 13.8% higher than in Oslo
Local Purchasing Power in Reykjavik is 12.6% lower than in Oslo
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Oslo Edit Reykjavik Edit Difference
Meal, Inexpensive Restaurant 200.00 NOK
(2,574.50 ISK)
233.06 NOK
(3,000.00 ISK)
     +16.5 %
Meal for 2 People, Mid-range Restaurant, Three-course 1,000.00 NOK
(12,872.48 ISK)
1,340.07 NOK
(17,250.00 ISK)
     +34.0 %
McMeal at McDonalds (or Equivalent Combo Meal) 128.00 NOK
(1,647.68 ISK)
182.56 NOK
(2,350.00 ISK)
     +42.6 %
Domestic Beer (1 pint draught) 110.00 NOK
(1,415.97 ISK)
116.53 NOK
(1,500.00 ISK)
     +5.9 %
Imported Beer (12 oz small bottle) 100.00 NOK
(1,287.25 ISK)
97.11 NOK
(1,250.00 ISK)
     -2.9 %
Cappuccino (regular) 46.45 NOK
(597.88 ISK)
54.78 NOK
(705.15 ISK)
     +17.9 %
Coke/Pepsi (12 oz small bottle) 31.62 NOK
(407.03 ISK)
31.40 NOK
(404.24 ISK)
     -0.7 %
Water (12 oz small bottle) 26.17 NOK
(336.87 ISK)
21.99 NOK
(283.08 ISK)
     -16.0 %
Markets
Oslo Edit Reykjavik Edit
Milk (regular), (1 gallon) 84.72 NOK
(1,090.60 ISK)
66.79 NOK
(859.71 ISK)
     -21.2 %
Loaf of Fresh White Bread (1 lb) 31.12 NOK
(400.61 ISK)
35.98 NOK
(463.18 ISK)
     +15.6 %
Rice (white), (1 lb) 15.52 NOK
(199.81 ISK)
15.89 NOK
(204.53 ISK)
     +2.4 %
Eggs (regular) (12) 45.56 NOK
(586.47 ISK)
64.22 NOK
(826.70 ISK)
     +41.0 %
Local Cheese (1 lb) 58.59 NOK
(754.19 ISK)
75.55 NOK
(972.52 ISK)
     +28.9 %
Chicken Fillets (1 lb) 68.52 NOK
(882.03 ISK)
96.16 NOK
(1,237.77 ISK)
     +40.3 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 134.72 NOK
(1,734.12 ISK)
153.90 NOK
(1,981.06 ISK)
     +14.2 %
Apples (1 lb) 14.77 NOK
(190.07 ISK)
15.63 NOK
(201.18 ISK)
     +5.8 %
Banana (1 lb) 10.23 NOK
(131.63 ISK)
10.35 NOK
(133.26 ISK)
     +1.2 %
Oranges (1 lb) 13.86 NOK
(178.37 ISK)
13.71 NOK
(176.48 ISK)
     -1.1 %
Tomato (1 lb) 23.18 NOK
(298.37 ISK)
23.99 NOK
(308.76 ISK)
     +3.5 %
Potato (1 lb) 9.99 NOK
(128.66 ISK)
14.86 NOK
(191.23 ISK)
     +48.6 %
Onion (1 lb) 10.89 NOK
(140.16 ISK)
10.49 NOK
(135.01 ISK)
     -3.7 %
Lettuce (1 head) 26.95 NOK
(346.85 ISK)
34.00 NOK
(437.69 ISK)
     +26.2 %
Water (1.5 liter bottle) 21.15 NOK
(272.22 ISK)
23.32 NOK
(300.21 ISK)
     +10.3 %
Bottle of Wine (Mid-Range) 160.00 NOK
(2,059.60 ISK)
217.52 NOK
(2,800.00 ISK)
     +35.9 %
Domestic Beer (0.5 liter bottle) 34.15 NOK
(439.60 ISK)
33.26 NOK
(428.14 ISK)
     -2.6 %
Imported Beer (12 oz small bottle) 42.63 NOK
(548.79 ISK)
28.04 NOK
(360.89 ISK)
     -34.2 %
Cigarettes 20 Pack (Marlboro) 150.00 NOK
(1,930.87 ISK)
128.18 NOK
(1,650.00 ISK)
     -14.5 %
Transportation
Oslo Edit Reykjavik Edit
One-way Ticket (Local Transport) 40.00 NOK
(514.90 ISK)
44.28 NOK
(570.00 ISK)
     +10.7 %
Monthly Pass (Regular Price) 853.00 NOK
(10,980.23 ISK)
722.47 NOK
(9,300.00 ISK)
     -15.3 %
Taxi Start (Normal Tariff) 100.00 NOK
(1,287.25 ISK)
56.71 NOK
(730.00 ISK)
     -43.3 %
Taxi 1 mile (Normal Tariff) 25.34 NOK
(326.18 ISK)
44.88 NOK
(577.75 ISK)
     +77.1 %
Taxi 1hour Waiting (Normal Tariff) 500.00 NOK
(6,436.24 ISK)
748.11 NOK
(9,630.00 ISK)
     +49.6 %
Gasoline (1 gallon) 84.18 NOK
(1,083.55 ISK)
92.76 NOK
(1,194.08 ISK)
     +10.2 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 410,000.00 NOK
(5,277,717.27 ISK)
449,796.74 NOK
(5,790,000.00 ISK)
     +9.7 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 390,469.23 NOK
(5,026,307.81 ISK)
472,883.34 NOK
(6,087,181.82 ISK)
     +21.1 %
Utilities (Monthly)
Oslo Edit Reykjavik Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 1,848.19 NOK
(23,790.83 ISK)
923.09 NOK
(11,882.44 ISK)
     -50.1 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 388.32 NOK
(4,998.62 ISK)
252.84 NOK
(3,254.67 ISK)
     -34.9 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 500.36 NOK
(6,440.87 ISK)
713.63 NOK
(9,186.25 ISK)
     +42.6 %
Sports And Leisure
Oslo Edit Reykjavik Edit
Fitness Club, Monthly Fee for 1 Adult 518.64 NOK
(6,676.18 ISK)
686.03 NOK
(8,830.86 ISK)
     +32.3 %
Tennis Court Rent (1 Hour on Weekend) 282.50 NOK
(3,636.48 ISK)
311.85 NOK
(4,014.29 ISK)
     +10.4 %
Cinema, International Release, 1 Seat 160.00 NOK
(2,059.60 ISK)
155.37 NOK
(2,000.00 ISK)
     -2.9 %
Childcare
Oslo Edit Reykjavik Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,328.00 NOK
(42,839.62 ISK)
2,569.28 NOK
(33,073.00 ISK)
     -22.8 %
International Primary School, Yearly for 1 Child 88,074.44 NOK
(1,133,736.63 ISK)
64,608.11 NOK
(831,666.67 ISK)
     -26.6 %
Clothing And Shoes
Oslo Edit Reykjavik Edit
1 Pair of Jeans (Levis 501 Or Similar) 920.68 NOK
(11,851.44 ISK)
1,124.18 NOK
(14,471.00 ISK)
     +22.1 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 484.14 NOK
(6,232.12 ISK)
484.68 NOK
(6,239.00 ISK)
     +0.1 %
1 Pair of Nike Running Shoes (Mid-Range) 1,073.92 NOK
(13,824.01 ISK)
1,542.76 NOK
(19,859.09 ISK)
     +43.7 %
1 Pair of Men Leather Business Shoes 1,450.00 NOK
(18,665.10 ISK)
1,964.84 NOK
(25,292.35 ISK)
     +35.5 %
Rent Per Month
Oslo Edit Reykjavik Edit
Apartment (1 bedroom) in City Centre 15,494.12 NOK
(199,447.74 ISK)
19,958.61 NOK
(256,916.88 ISK)
     +28.8 %
Apartment (1 bedroom) Outside of Centre 12,269.23 NOK
(157,935.44 ISK)
17,869.01 NOK
(230,018.46 ISK)
     +45.6 %
Apartment (3 bedrooms) in City Centre 23,348.28 NOK
(300,550.24 ISK)
29,206.92 NOK
(375,965.52 ISK)
     +25.1 %
Apartment (3 bedrooms) Outside of Centre 17,769.64 NOK
(228,739.39 ISK)
25,764.56 NOK
(331,653.85 ISK)
     +45.0 %
Buy Apartment Price
Oslo Edit Reykjavik Edit
Price per Square Feet to Buy Apartment in City Centre 8,730.26 NOK
(112,380.11 ISK)
6,254.84 NOK
(80,515.29 ISK)
     -28.4 %
Price per Square Feet to Buy Apartment Outside of Centre 6,068.42 NOK
(78,115.60 ISK)
4,971.43 NOK
(63,994.66 ISK)
     -18.1 %
Salaries And Financing
Oslo Edit Reykjavik Edit
Average Monthly Net Salary (After Tax) 38,164.93 NOK
(491,277.38 ISK)
39,293.65 NOK
(505,806.82 ISK)
     +3.0 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.03 8.14      +102.0 %
Last update: March 2024March 2024
Contributors in the past 12 months:231152