Cost of Living Comparison Between Reykjavik and Oslo 
| Indices Difference |  |
|---|---|
| Cost of Living in Oslo is 6.8% lower than in Reykjavik (without rent) | |
| Cost of Living Including Rent in Oslo is 12.3% lower than in Reykjavik | |
| Rent Prices in Oslo are 24.1% lower than in Reykjavik | |
| Restaurant Prices in Oslo are 13.8% lower than in Reykjavik | |
| Groceries Prices in Oslo are 7.5% lower than in Reykjavik | |
| Local Purchasing Power in Oslo is 11.8% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
Oslo Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 ISK (230.50 NOK) |
2,863.36 ISK (220.00 NOK) |
-4.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,000.00 ISK (1,306.16 NOK) |
13,015.26 ISK (1,000.00 NOK) |
-23.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,400.00 ISK (184.40 NOK) |
1,646.43 ISK (126.50 NOK) |
-31.4 % |
| Domestic Beer (1 pint draught) |
1,500.00 ISK (115.25 NOK) |
1,431.68 ISK (110.00 NOK) |
-4.6 % |
| Imported Beer (12 oz small bottle) |
1,250.00 ISK (96.04 NOK) |
1,431.68 ISK (110.00 NOK) |
+14.5 % |
| Cappuccino (regular) |
708.14 ISK (54.41 NOK) |
607.44 ISK (46.67 NOK) |
-14.2 % |
| Coke/Pepsi (12 oz small bottle) |
412.11 ISK (31.66 NOK) |
484.76 ISK (37.25 NOK) |
+17.6 % |
| Water (12 oz small bottle) |
292.32 ISK (22.46 NOK) |
359.99 ISK (27.66 NOK) |
+23.2 % |
Markets | Reykjavik Edit |
Oslo Edit | |
| Milk (regular), (1 gallon) |
855.96 ISK (65.77 NOK) |
1,092.50 ISK (83.94 NOK) |
+27.6 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 ISK (35.69 NOK) |
391.30 ISK (30.06 NOK) |
-15.8 % |
| Rice (white), (1 lb) |
189.98 ISK (14.60 NOK) |
197.42 ISK (15.17 NOK) |
+3.9 % |
| Eggs (regular) (12) |
819.16 ISK (62.94 NOK) |
625.54 ISK (48.06 NOK) |
-23.6 % |
| Local Cheese (1 lb) |
965.37 ISK (74.17 NOK) |
763.97 ISK (58.70 NOK) |
-20.9 % |
| Chicken Fillets (1 lb) |
1,233.09 ISK (94.74 NOK) |
935.04 ISK (71.84 NOK) |
-24.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,934.50 ISK (148.63 NOK) |
1,800.35 ISK (138.33 NOK) |
-6.9 % |
| Apples (1 lb) |
188.37 ISK (14.47 NOK) |
198.94 ISK (15.29 NOK) |
+5.6 % |
| Banana (1 lb) |
134.59 ISK (10.34 NOK) |
134.89 ISK (10.36 NOK) |
+0.2 % |
| Oranges (1 lb) |
169.47 ISK (13.02 NOK) |
187.15 ISK (14.38 NOK) |
+10.4 % |
| Tomato (1 lb) |
303.07 ISK (23.29 NOK) |
309.64 ISK (23.79 NOK) |
+2.2 % |
| Potato (1 lb) |
198.33 ISK (15.24 NOK) |
137.07 ISK (10.53 NOK) |
-30.9 % |
| Onion (1 lb) |
134.12 ISK (10.31 NOK) |
147.54 ISK (11.34 NOK) |
+10.0 % |
| Lettuce (1 head) |
435.00 ISK (33.42 NOK) |
354.39 ISK (27.23 NOK) |
-18.5 % |
| Water (1.5 liter bottle) |
284.82 ISK (21.88 NOK) |
271.52 ISK (20.86 NOK) |
-4.7 % |
| Bottle of Wine (Mid-Range) |
2,749.50 ISK (211.25 NOK) |
2,082.44 ISK (160.00 NOK) |
-24.3 % |
| Domestic Beer (0.5 liter bottle) |
437.94 ISK (33.65 NOK) |
448.43 ISK (34.45 NOK) |
+2.4 % |
| Imported Beer (12 oz small bottle) |
353.50 ISK (27.16 NOK) |
575.70 ISK (44.23 NOK) |
+62.9 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 ISK (126.77 NOK) |
2,062.92 ISK (158.50 NOK) |
+25.0 % |
Transportation | Reykjavik Edit |
Oslo Edit | |
| One-way Ticket (Local Transport) |
570.00 ISK (43.79 NOK) |
533.63 ISK (41.00 NOK) |
-6.4 % |
| Monthly Pass (Regular Price) |
9,300.00 ISK (714.55 NOK) |
11,674.69 ISK (897.00 NOK) |
+25.5 % |
| Taxi Start (Normal Tariff) |
730.00 ISK (56.09 NOK) |
1,301.53 ISK (100.00 NOK) |
+78.3 % |
| Taxi 1 mile (Normal Tariff) |
504.53 ISK (38.76 NOK) |
329.80 ISK (25.34 NOK) |
-34.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 ISK (739.90 NOK) |
6,767.94 ISK (520.00 NOK) |
-29.7 % |
| Gasoline (1 gallon) |
1,191.65 ISK (91.56 NOK) |
1,094.70 ISK (84.11 NOK) |
-8.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 ISK (444,862.26 NOK) |
5,466,411.08 ISK (420,000.00 NOK) |
-5.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,034,875.00 ISK (463,676.71 NOK) |
5,268,105.78 ISK (404,763.64 NOK) |
-12.7 % |
Utilities (Monthly) | Reykjavik Edit |
Oslo Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,857.84 ISK (911.07 NOK) |
23,801.59 ISK (1,828.74 NOK) |
+100.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 ISK (250.07 NOK) |
4,791.12 ISK (368.12 NOK) |
+47.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,678.28 ISK (743.61 NOK) |
6,211.28 ISK (477.23 NOK) |
-35.8 % |
Sports And Leisure | Reykjavik Edit |
Oslo Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,775.19 ISK (674.22 NOK) |
6,350.95 ISK (487.96 NOK) |
-27.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 ISK (308.43 NOK) |
3,242.97 ISK (249.17 NOK) |
-19.2 % |
| Cinema, International Release, 1 Seat |
2,000.00 ISK (153.67 NOK) |
2,147.52 ISK (165.00 NOK) |
+7.4 % |
Childcare | Reykjavik Edit |
Oslo Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
32,582.12 ISK (2,503.38 NOK) |
41,327.80 ISK (3,175.33 NOK) |
+26.8 % |
| International Primary School, Yearly for 1 Child |
831,666.67 ISK (63,899.33 NOK) |
1,358,685.15 ISK (104,391.67 NOK) |
+63.4 % |
Clothing And Shoes | Reykjavik Edit |
Oslo Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,557.53 ISK (1,118.50 NOK) |
12,394.57 ISK (952.31 NOK) |
-14.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,491.15 ISK (498.73 NOK) |
6,425.20 ISK (493.67 NOK) |
-1.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,994.75 ISK (1,536.25 NOK) |
14,450.53 ISK (1,110.28 NOK) |
-27.7 % |
| 1 Pair of Men Leather Business Shoes |
24,855.00 ISK (1,909.68 NOK) |
18,671.90 ISK (1,434.62 NOK) |
-24.9 % |
Rent Per Month | Reykjavik Edit |
Oslo Edit | |
| Apartment (1 bedroom) in City Centre |
261,440.00 ISK (20,087.18 NOK) |
202,282.40 ISK (15,541.94 NOK) |
-22.6 % |
| Apartment (1 bedroom) Outside of Centre |
234,586.36 ISK (18,023.94 NOK) |
161,003.64 ISK (12,370.37 NOK) |
-31.4 % |
| Apartment (3 bedrooms) in City Centre |
379,266.67 ISK (29,140.14 NOK) |
321,856.64 ISK (24,729.17 NOK) |
-15.1 % |
| Apartment (3 bedrooms) Outside of Centre |
338,518.52 ISK (26,009.35 NOK) |
236,227.05 ISK (18,150.00 NOK) |
-30.2 % |
Buy Apartment Price | Reykjavik Edit |
Oslo Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
81,134.64 ISK (6,233.81 NOK) |
112,618.14 ISK (8,652.77 NOK) |
+38.8 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
63,335.22 ISK (4,866.23 NOK) |
81,510.29 ISK (6,262.67 NOK) |
+28.7 % |
Salaries And Financing | Reykjavik Edit |
Oslo Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 ISK (39,444.49 NOK) |
503,490.75 ISK (38,684.63 NOK) |
-1.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 4.55 | -44.1 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 169 | 239 |
Moving to Reykjavik? Explore:
Moving to Oslo? Explore:
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 |
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 |