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 18.1% higher than in Oslo | |
| Rent Prices in Reykjavik are 37.1% higher than in Oslo | |
| Restaurant Prices in Reykjavik are 16.0% higher than in Oslo | |
| Groceries Prices in Reykjavik are 14.5% 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 (2,936.51 ISK) |
230.66 NOK (2,945.00 ISK) |
+0.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
1,000.00 NOK (12,767.44 ISK) |
1,351.09 NOK (17,250.00 ISK) |
+35.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
128.15 NOK (1,636.18 ISK) |
184.06 NOK (2,350.00 ISK) |
+43.6 % |
| Domestic Beer (1 pint draught) |
110.00 NOK (1,404.42 ISK) |
117.49 NOK (1,500.00 ISK) |
+6.8 % |
| Imported Beer (12 oz small bottle) |
110.00 NOK (1,404.42 ISK) |
97.91 NOK (1,250.00 ISK) |
-11.0 % |
| Cappuccino (regular) |
46.76 NOK (597.05 ISK) |
55.71 NOK (711.24 ISK) |
+19.1 % |
| Coke/Pepsi (12 oz small bottle) |
37.67 NOK (480.91 ISK) |
31.58 NOK (403.14 ISK) |
-16.2 % |
| Water (12 oz small bottle) |
26.96 NOK (344.26 ISK) |
22.56 NOK (288.06 ISK) |
-16.3 % |
Markets | Oslo Edit |
Reykjavik Edit | |
| Milk (regular), (1 gallon) |
84.32 NOK (1,076.58 ISK) |
67.11 NOK (856.77 ISK) |
-20.4 % |
| Loaf of Fresh White Bread (1 lb) |
30.88 NOK (394.31 ISK) |
36.39 NOK (464.58 ISK) |
+17.8 % |
| Rice (white), (1 lb) |
14.62 NOK (186.65 ISK) |
16.28 NOK (207.81 ISK) |
+11.3 % |
| Eggs (regular) (12) |
46.30 NOK (591.19 ISK) |
64.36 NOK (821.68 ISK) |
+39.0 % |
| Local Cheese (1 lb) |
58.53 NOK (747.29 ISK) |
75.61 NOK (965.37 ISK) |
+29.2 % |
| Chicken Fillets (1 lb) |
68.72 NOK (877.40 ISK) |
96.57 NOK (1,232.99 ISK) |
+40.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
136.57 NOK (1,743.66 ISK) |
155.25 NOK (1,982.11 ISK) |
+13.7 % |
| Apples (1 lb) |
14.77 NOK (188.56 ISK) |
16.62 NOK (212.21 ISK) |
+12.5 % |
| Banana (1 lb) |
10.14 NOK (129.53 ISK) |
10.52 NOK (134.26 ISK) |
+3.7 % |
| Oranges (1 lb) |
13.75 NOK (175.56 ISK) |
13.71 NOK (175.06 ISK) |
-0.3 % |
| Tomato (1 lb) |
22.89 NOK (292.25 ISK) |
24.25 NOK (309.60 ISK) |
+5.9 % |
| Potato (1 lb) |
9.64 NOK (123.13 ISK) |
15.40 NOK (196.68 ISK) |
+59.7 % |
| Onion (1 lb) |
10.72 NOK (136.91 ISK) |
11.00 NOK (140.44 ISK) |
+2.6 % |
| Lettuce (1 head) |
26.90 NOK (343.38 ISK) |
34.43 NOK (439.56 ISK) |
+28.0 % |
| Water (1.5 liter bottle) |
20.89 NOK (266.73 ISK) |
22.01 NOK (281.00 ISK) |
+5.3 % |
| Bottle of Wine (Mid-Range) |
155.00 NOK (1,978.95 ISK) |
215.35 NOK (2,749.50 ISK) |
+38.9 % |
| Domestic Beer (0.5 liter bottle) |
34.39 NOK (439.10 ISK) |
34.00 NOK (434.15 ISK) |
-1.1 % |
| Imported Beer (12 oz small bottle) |
43.15 NOK (550.88 ISK) |
27.87 NOK (355.89 ISK) |
-35.4 % |
| Cigarettes 20 Pack (Marlboro) |
155.00 NOK (1,978.95 ISK) |
129.23 NOK (1,650.00 ISK) |
-16.6 % |
Transportation | Oslo Edit |
Reykjavik Edit | |
| One-way Ticket (Local Transport) |
40.00 NOK (510.70 ISK) |
44.64 NOK (570.00 ISK) |
+11.6 % |
| Monthly Pass (Regular Price) |
853.00 NOK (10,890.63 ISK) |
728.42 NOK (9,300.00 ISK) |
-14.6 % |
| Taxi Start (Normal Tariff) |
100.00 NOK (1,276.74 ISK) |
57.18 NOK (730.00 ISK) |
-42.8 % |
| Taxi 1 mile (Normal Tariff) |
25.34 NOK (323.52 ISK) |
40.84 NOK (521.43 ISK) |
+61.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
520.00 NOK (6,639.07 ISK) |
754.26 NOK (9,630.00 ISK) |
+45.1 % |
| Gasoline (1 gallon) |
84.20 NOK (1,075.05 ISK) |
93.53 NOK (1,194.08 ISK) |
+11.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
400,000.00 NOK (5,106,977.55 ISK) |
453,497.20 NOK (5,790,000.00 ISK) |
+13.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
388,175.00 NOK (4,956,002.53 ISK) |
476,773.73 NOK (6,087,181.82 ISK) |
+22.8 % |
Utilities (Monthly) | Oslo Edit |
Reykjavik Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
1,815.57 NOK (23,180.19 ISK) |
917.68 NOK (11,716.46 ISK) |
-49.5 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
376.84 NOK (4,811.28 ISK) |
254.92 NOK (3,254.67 ISK) |
-32.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
479.88 NOK (6,126.84 ISK) |
745.44 NOK (9,517.42 ISK) |
+55.3 % |
Sports And Leisure | Oslo Edit |
Reykjavik Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
506.35 NOK (6,464.75 ISK) |
713.03 NOK (9,103.59 ISK) |
+40.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
276.15 NOK (3,525.78 ISK) |
314.42 NOK (4,014.29 ISK) |
+13.9 % |
| Cinema, International Release, 1 Seat |
170.00 NOK (2,170.47 ISK) |
156.65 NOK (2,000.00 ISK) |
-7.9 % |
Childcare | Oslo Edit |
Reykjavik Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,320.00 NOK (42,387.91 ISK) |
2,747.07 NOK (35,073.00 ISK) |
-17.3 % |
| International Primary School, Yearly for 1 Child |
88,074.44 NOK (1,124,485.53 ISK) |
65,139.64 NOK (831,666.67 ISK) |
-26.0 % |
Clothing And Shoes | Oslo Edit |
Reykjavik Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
920.68 NOK (11,754.73 ISK) |
1,142.13 NOK (14,582.11 ISK) |
+24.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
484.14 NOK (6,181.27 ISK) |
476.02 NOK (6,077.50 ISK) |
-1.7 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
1,084.54 NOK (13,846.78 ISK) |
1,544.77 NOK (19,722.73 ISK) |
+42.4 % |
| 1 Pair of Men Leather Business Shoes |
1,450.00 NOK (18,512.79 ISK) |
1,982.43 NOK (25,310.62 ISK) |
+36.7 % |
Rent Per Month | Oslo Edit |
Reykjavik Edit | |
| Apartment (1 bedroom) in City Centre |
15,341.67 NOK (195,873.87 ISK) |
20,292.01 NOK (259,077.12 ISK) |
+32.3 % |
| Apartment (1 bedroom) Outside of Centre |
12,259.26 NOK (156,519.40 ISK) |
18,135.57 NOK (231,544.86 ISK) |
+47.9 % |
| Apartment (3 bedrooms) in City Centre |
23,236.67 NOK (296,672.84 ISK) |
29,447.20 NOK (375,965.52 ISK) |
+26.7 % |
| Apartment (3 bedrooms) Outside of Centre |
17,769.64 NOK (226,872.92 ISK) |
26,187.40 NOK (334,346.15 ISK) |
+47.4 % |
Buy Apartment Price | Oslo Edit |
Reykjavik Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
8,693.10 NOK (110,988.66 ISK) |
6,441.43 NOK (82,240.62 ISK) |
-25.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
6,068.42 NOK (77,478.19 ISK) |
5,129.39 NOK (65,489.17 ISK) |
-15.5 % |
Salaries And Financing | Oslo Edit |
Reykjavik Edit | |
| Average Monthly Net Salary (After Tax) |
38,517.82 NOK (491,774.15 ISK) |
40,210.12 NOK (513,380.43 ISK) |
+4.4 % |
| 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: | 228 | 162 |
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 |