Property Prices Comparison Between Iceland and Norway 
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Rent Per Month | Iceland Edit |
Norway Edit | Difference |
|---|---|---|---|
| Apartment (1 bedroom) in City Centre |
275,000.00 ISK (21,770.58 NOK) |
163,354.11 ISK (12,932.05 NOK) |
-40.6 % |
| Apartment (1 bedroom) Outside of Centre |
248,333.33 ISK (19,659.50 NOK) |
125,805.96 ISK (9,959.52 NOK) |
-49.3 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 ISK (31,188.26 NOK) |
256,294.84 ISK (20,289.77 NOK) |
-34.9 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 ISK (26,763.89 NOK) |
198,160.18 ISK (15,687.50 NOK) |
-41.4 % |
Buy Apartment Price | Iceland Edit |
Norway Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
86,370.14 ISK (6,837.56 NOK) |
87,413.68 ISK (6,920.17 NOK) |
+1.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
73,312.85 ISK (5,803.87 NOK) |
59,097.08 ISK (4,678.46 NOK) |
-19.4 % |
Salaries And Financing | Iceland Edit |
Norway Edit | |
| Average Monthly Net Salary (After Tax) |
564,074.59 ISK (44,655.39 NOK) |
468,846.00 ISK (37,116.55 NOK) |
-16.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.90 | 4.53 | -54.2 % |
| Last update: | 21 May 2025 | 24 May 2025 | |
| Contributors in the past 12 months: | 51 | 227 |
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