Cost of Living Comparison Between Oslo and Reykjavik 
| Indices Difference |  |
|---|---|
| Consumer Prices in Reykjavik are 11.3% higher than in Oslo (without rent) | |
| Consumer Prices Including Rent in Reykjavik are 18.4% higher than in Oslo | |
| Rent Prices in Reykjavik are 37.4% higher than in Oslo | |
| Restaurant Prices in Reykjavik are 16.3% higher than in Oslo | |
| Groceries Prices in Reykjavik are 14.8% higher than in Oslo | |
| Local Purchasing Power in Reykjavik is 11.6% lower than in Oslo | |
Restaurants | Oslo Edit |
Reykjavik Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
230.00 NOK (2,929.25 ISK) |
231.24 NOK (2,945.00 ISK) |
+0.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
1,000.00 NOK (12,735.88 ISK) |
1,354.44 NOK (17,250.00 ISK) |
+35.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
128.51 NOK (1,636.74 ISK) |
184.52 NOK (2,350.00 ISK) |
+43.6 % |
| Domestic Beer (1 pint draught) |
110.00 NOK (1,400.95 ISK) |
117.78 NOK (1,500.00 ISK) |
+7.1 % |
| Imported Beer (12 oz small bottle) |
110.00 NOK (1,400.95 ISK) |
98.15 NOK (1,250.00 ISK) |
-10.8 % |
| Cappuccino (regular) |
46.77 NOK (595.61 ISK) |
55.84 NOK (711.23 ISK) |
+19.4 % |
| Coke/Pepsi (12 oz small bottle) |
37.67 NOK (479.72 ISK) |
31.66 NOK (403.21 ISK) |
-15.9 % |
| Water (12 oz small bottle) |
26.97 NOK (343.43 ISK) |
22.62 NOK (288.05 ISK) |
-16.1 % |
Markets | Oslo Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
84.32 NOK (1,073.92 ISK) |
67.27 NOK (856.77 ISK) |
-20.2 % |
| Loaf of Fresh White Bread (1 lb) |
30.88 NOK (393.34 ISK) |
36.48 NOK (464.58 ISK) |
+18.1 % |
| Rice (white), (1 lb) |
14.62 NOK (186.24 ISK) |
16.32 NOK (207.81 ISK) |
+11.6 % |
| Eggs (regular) (12) |
46.30 NOK (589.73 ISK) |
64.52 NOK (821.68 ISK) |
+39.3 % |
| Local Cheese (1 lb) |
58.53 NOK (745.44 ISK) |
75.80 NOK (965.37 ISK) |
+29.5 % |
| Chicken Fillets (1 lb) |
68.72 NOK (875.23 ISK) |
96.81 NOK (1,232.99 ISK) |
+40.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
136.57 NOK (1,739.35 ISK) |
155.63 NOK (1,982.11 ISK) |
+14.0 % |
| Apples (1 lb) |
14.77 NOK (188.12 ISK) |
16.66 NOK (212.21 ISK) |
+12.8 % |
| Banana (1 lb) |
10.14 NOK (129.20 ISK) |
10.54 NOK (134.26 ISK) |
+3.9 % |
| Oranges (1 lb) |
13.75 NOK (175.12 ISK) |
13.75 NOK (175.06 ISK) |
-0.0 % |
| Tomato (1 lb) |
22.89 NOK (291.58 ISK) |
24.31 NOK (309.60 ISK) |
+6.2 % |
| Potato (1 lb) |
9.64 NOK (122.83 ISK) |
15.44 NOK (196.68 ISK) |
+60.1 % |
| Onion (1 lb) |
10.72 NOK (136.59 ISK) |
11.03 NOK (140.44 ISK) |
+2.8 % |
| Lettuce (1 head) |
26.90 NOK (342.53 ISK) |
34.51 NOK (439.56 ISK) |
+28.3 % |
| Water (1.5 liter bottle) |
20.89 NOK (266.07 ISK) |
22.06 NOK (281.00 ISK) |
+5.6 % |
| Bottle of Wine (Mid-Range) |
155.00 NOK (1,974.06 ISK) |
215.89 NOK (2,749.50 ISK) |
+39.3 % |
| Domestic Beer (0.5 liter bottle) |
34.39 NOK (438.01 ISK) |
34.09 NOK (434.15 ISK) |
-0.9 % |
| Imported Beer (12 oz small bottle) |
43.15 NOK (549.51 ISK) |
27.94 NOK (355.89 ISK) |
-35.2 % |
| Cigarettes 20 Pack (Marlboro) |
155.00 NOK (1,974.06 ISK) |
129.56 NOK (1,650.00 ISK) |
-16.4 % |
Transportation | Oslo Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
40.00 NOK (509.44 ISK) |
44.76 NOK (570.00 ISK) |
+11.9 % |
| Monthly Pass (Regular Price) |
853.00 NOK (10,863.71 ISK) |
730.22 NOK (9,300.00 ISK) |
-14.4 % |
| Taxi Start (Normal Tariff) |
100.00 NOK (1,273.59 ISK) |
57.32 NOK (730.00 ISK) |
-42.7 % |
| Taxi 1 mile (Normal Tariff) |
25.34 NOK (322.72 ISK) |
40.94 NOK (521.43 ISK) |
+61.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
520.00 NOK (6,622.66 ISK) |
756.13 NOK (9,630.00 ISK) |
+45.4 % |
| Gasoline (1 gallon) |
84.20 NOK (1,072.40 ISK) |
93.76 NOK (1,194.08 ISK) |
+11.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
400,000.00 NOK (5,094,352.59 ISK) |
454,621.07 NOK (5,790,000.00 ISK) |
+13.7 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
388,175.00 NOK (4,943,750.79 ISK) |
477,955.28 NOK (6,087,181.82 ISK) |
+23.1 % |
Utilities (Monthly) | Oslo Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,815.57 NOK (23,122.89 ISK) |
919.94 NOK (11,716.24 ISK) |
-49.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
376.84 NOK (4,799.39 ISK) |
255.55 NOK (3,254.67 ISK) |
-32.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
479.88 NOK (6,111.69 ISK) |
747.07 NOK (9,514.66 ISK) |
+55.7 % |
Sports And Leisure | Oslo Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
506.35 NOK (6,448.76 ISK) |
714.80 NOK (9,103.59 ISK) |
+41.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
276.15 NOK (3,517.06 ISK) |
315.19 NOK (4,014.29 ISK) |
+14.1 % |
| Cinema, International Release, 1 Seat |
170.00 NOK (2,165.10 ISK) |
157.04 NOK (2,000.00 ISK) |
-7.6 % |
Childcare | Oslo Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,320.00 NOK (42,283.13 ISK) |
2,753.87 NOK (35,073.00 ISK) |
-17.1 % |
| International Primary School, Yearly for 1 Child |
88,074.44 NOK (1,121,705.68 ISK) |
65,301.07 NOK (831,666.67 ISK) |
-25.9 % |
Clothing And Shoes | Oslo Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
920.68 NOK (11,725.67 ISK) |
1,144.96 NOK (14,582.11 ISK) |
+24.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
484.14 NOK (6,165.99 ISK) |
477.20 NOK (6,077.50 ISK) |
-1.4 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,084.54 NOK (13,812.55 ISK) |
1,548.60 NOK (19,722.73 ISK) |
+42.8 % |
| 1 Pair of Men Leather Business Shoes |
1,450.00 NOK (18,467.03 ISK) |
1,987.35 NOK (25,310.62 ISK) |
+37.1 % |
Rent Per Month | Oslo Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
15,341.67 NOK (195,389.65 ISK) |
20,342.30 NOK (259,077.12 ISK) |
+32.6 % |
| Apartment (1 bedroom) Outside of Centre |
12,259.26 NOK (156,132.47 ISK) |
18,181.36 NOK (231,555.60 ISK) |
+48.3 % |
| Apartment (3 bedrooms) in City Centre |
23,236.67 NOK (295,939.43 ISK) |
29,520.18 NOK (375,965.52 ISK) |
+27.0 % |
| Apartment (3 bedrooms) Outside of Centre |
17,769.64 NOK (226,312.07 ISK) |
26,252.30 NOK (334,346.15 ISK) |
+47.7 % |
Buy Apartment Price | Oslo Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
8,693.10 NOK (110,714.28 ISK) |
6,457.40 NOK (82,240.62 ISK) |
-25.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
6,068.42 NOK (77,286.66 ISK) |
5,085.89 NOK (64,773.34 ISK) |
-16.2 % |
Salaries And Financing | Oslo Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
38,517.82 NOK (490,558.43 ISK) |
40,309.77 NOK (513,380.43 ISK) |
+4.7 % |
| 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: | 229 | 163 |
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 |