Cost of Living Comparison Between Reykjavik and Oslo 
| Indices Difference |  |
|---|---|
| Consumer Prices in Oslo are 10.1% lower than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in Oslo are 15.5% lower than in Reykjavik | |
| Rent Prices in Oslo are 27.2% lower than in Reykjavik | |
| Restaurant Prices in Oslo are 14.0% lower than in Reykjavik | |
| Groceries Prices in Oslo are 12.9% lower than in Reykjavik | |
| Local Purchasing Power in Oslo is 13.1% higher than in Reykjavik | |
Restaurants | Reykjavik Edit |
Oslo Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 ISK (231.24 NOK) |
2,929.25 ISK (230.00 NOK) |
-0.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,250.00 ISK (1,354.44 NOK) |
12,735.88 ISK (1,000.00 NOK) |
-26.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 ISK (184.52 NOK) |
1,636.74 ISK (128.51 NOK) |
-30.4 % |
| Domestic Beer (1 pint draught) |
1,500.00 ISK (117.78 NOK) |
1,400.95 ISK (110.00 NOK) |
-6.6 % |
| Imported Beer (12 oz small bottle) |
1,250.00 ISK (98.15 NOK) |
1,400.95 ISK (110.00 NOK) |
+12.1 % |
| Cappuccino (regular) |
711.23 ISK (55.84 NOK) |
595.61 ISK (46.77 NOK) |
-16.3 % |
| Coke/Pepsi (12 oz small bottle) |
403.21 ISK (31.66 NOK) |
479.72 ISK (37.67 NOK) |
+19.0 % |
| Water (12 oz small bottle) |
288.05 ISK (22.62 NOK) |
343.43 ISK (26.97 NOK) |
+19.2 % |
Markets | Reykjavik Edit |
Oslo Edit | |
| Milk (regular), (1 gallon) |
856.77 ISK (67.27 NOK) |
1,073.92 ISK (84.32 NOK) |
+25.3 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 ISK (36.48 NOK) |
393.34 ISK (30.88 NOK) |
-15.3 % |
| Rice (white), (1 lb) |
207.81 ISK (16.32 NOK) |
186.24 ISK (14.62 NOK) |
-10.4 % |
| Eggs (regular) (12) |
821.68 ISK (64.52 NOK) |
589.73 ISK (46.30 NOK) |
-28.2 % |
| Local Cheese (1 lb) |
965.37 ISK (75.80 NOK) |
745.44 ISK (58.53 NOK) |
-22.8 % |
| Chicken Fillets (1 lb) |
1,232.99 ISK (96.81 NOK) |
875.23 ISK (68.72 NOK) |
-29.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 ISK (155.63 NOK) |
1,739.35 ISK (136.57 NOK) |
-12.2 % |
| Apples (1 lb) |
212.21 ISK (16.66 NOK) |
188.12 ISK (14.77 NOK) |
-11.4 % |
| Banana (1 lb) |
134.26 ISK (10.54 NOK) |
129.20 ISK (10.14 NOK) |
-3.8 % |
| Oranges (1 lb) |
175.06 ISK (13.75 NOK) |
175.12 ISK (13.75 NOK) |
+0.0 % |
| Tomato (1 lb) |
309.60 ISK (24.31 NOK) |
291.58 ISK (22.89 NOK) |
-5.8 % |
| Potato (1 lb) |
196.68 ISK (15.44 NOK) |
122.83 ISK (9.64 NOK) |
-37.6 % |
| Onion (1 lb) |
140.44 ISK (11.03 NOK) |
136.59 ISK (10.72 NOK) |
-2.7 % |
| Lettuce (1 head) |
439.56 ISK (34.51 NOK) |
342.53 ISK (26.90 NOK) |
-22.1 % |
| Water (1.5 liter bottle) |
281.00 ISK (22.06 NOK) |
266.07 ISK (20.89 NOK) |
-5.3 % |
| Bottle of Wine (Mid-Range) |
2,749.50 ISK (215.89 NOK) |
1,974.06 ISK (155.00 NOK) |
-28.2 % |
| Domestic Beer (0.5 liter bottle) |
434.15 ISK (34.09 NOK) |
438.01 ISK (34.39 NOK) |
+0.9 % |
| Imported Beer (12 oz small bottle) |
355.89 ISK (27.94 NOK) |
549.51 ISK (43.15 NOK) |
+54.4 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 ISK (129.56 NOK) |
1,974.06 ISK (155.00 NOK) |
+19.6 % |
Transportation | Reykjavik Edit |
Oslo Edit | |
| One-way Ticket (Local Transport) |
570.00 ISK (44.76 NOK) |
509.44 ISK (40.00 NOK) |
-10.6 % |
| Monthly Pass (Regular Price) |
9,300.00 ISK (730.22 NOK) |
10,863.71 ISK (853.00 NOK) |
+16.8 % |
| Taxi Start (Normal Tariff) |
730.00 ISK (57.32 NOK) |
1,273.59 ISK (100.00 NOK) |
+74.5 % |
| Taxi 1 mile (Normal Tariff) |
521.43 ISK (40.94 NOK) |
322.72 ISK (25.34 NOK) |
-38.1 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 ISK (756.13 NOK) |
6,622.66 ISK (520.00 NOK) |
-31.2 % |
| Gasoline (1 gallon) |
1,194.08 ISK (93.76 NOK) |
1,072.40 ISK (84.20 NOK) |
-10.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 ISK (454,621.07 NOK) |
5,094,352.59 ISK (400,000.00 NOK) |
-12.0 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,087,181.82 ISK (477,955.28 NOK) |
4,943,750.79 ISK (388,175.00 NOK) |
-18.8 % |
Utilities (Monthly) | Reykjavik Edit |
Oslo Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,716.24 ISK (919.94 NOK) |
23,122.89 ISK (1,815.57 NOK) |
+97.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 ISK (255.55 NOK) |
4,799.39 ISK (376.84 NOK) |
+47.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,514.66 ISK (747.07 NOK) |
6,111.69 ISK (479.88 NOK) |
-35.8 % |
Sports And Leisure | Reykjavik Edit |
Oslo Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 ISK (714.80 NOK) |
6,448.76 ISK (506.35 NOK) |
-29.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 ISK (315.19 NOK) |
3,517.06 ISK (276.15 NOK) |
-12.4 % |
| Cinema, International Release, 1 Seat |
2,000.00 ISK (157.04 NOK) |
2,165.10 ISK (170.00 NOK) |
+8.3 % |
Childcare | Reykjavik Edit |
Oslo Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
35,073.00 ISK (2,753.87 NOK) |
42,283.13 ISK (3,320.00 NOK) |
+20.6 % |
| International Primary School, Yearly for 1 Child |
831,666.67 ISK (65,301.07 NOK) |
1,121,705.68 ISK (88,074.44 NOK) |
+34.9 % |
Clothing And Shoes | Reykjavik Edit |
Oslo Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,582.11 ISK (1,144.96 NOK) |
11,725.67 ISK (920.68 NOK) |
-19.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,077.50 ISK (477.20 NOK) |
6,165.99 ISK (484.14 NOK) |
+1.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,722.73 ISK (1,548.60 NOK) |
13,812.55 ISK (1,084.54 NOK) |
-30.0 % |
| 1 Pair of Men Leather Business Shoes |
25,310.62 ISK (1,987.35 NOK) |
18,467.03 ISK (1,450.00 NOK) |
-27.0 % |
Rent Per Month | Reykjavik Edit |
Oslo Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 ISK (20,342.30 NOK) |
195,389.65 ISK (15,341.67 NOK) |
-24.6 % |
| Apartment (1 bedroom) Outside of Centre |
231,555.60 ISK (18,181.36 NOK) |
156,132.47 ISK (12,259.26 NOK) |
-32.6 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 ISK (29,520.18 NOK) |
295,939.43 ISK (23,236.67 NOK) |
-21.3 % |
| Apartment (3 bedrooms) Outside of Centre |
334,346.15 ISK (26,252.30 NOK) |
226,312.07 ISK (17,769.64 NOK) |
-32.3 % |
Buy Apartment Price | Reykjavik Edit |
Oslo Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
82,240.62 ISK (6,457.40 NOK) |
110,714.28 ISK (8,693.10 NOK) |
+34.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
64,773.34 ISK (5,085.89 NOK) |
77,286.66 ISK (6,068.42 NOK) |
+19.3 % |
Salaries And Financing | Reykjavik Edit |
Oslo Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 ISK (40,309.77 NOK) |
490,558.43 ISK (38,517.82 NOK) |
-4.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 4.07 | -49.9 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 163 | 229 |
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 |