Property Prices Comparison Between Norway and Iceland 
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Rent Per Month | Norway Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Apartment (1 bedroom) in City Centre |
12,932.05 NOK (163,354.11 ISK) |
21,770.58 NOK (275,000.00 ISK) |
+68.3 % |
| Apartment (1 bedroom) Outside of Centre |
9,959.52 NOK (125,805.96 ISK) |
19,659.50 NOK (248,333.33 ISK) |
+97.4 % |
| Apartment (3 bedrooms) in City Centre |
20,289.77 NOK (256,294.84 ISK) |
31,188.26 NOK (393,961.54 ISK) |
+53.7 % |
| Apartment (3 bedrooms) Outside of Centre |
15,687.50 NOK (198,160.18 ISK) |
26,763.89 NOK (338,074.07 ISK) |
+70.6 % |
Buy Apartment Price | Norway Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
6,920.17 NOK (87,413.68 ISK) |
6,837.56 NOK (86,370.14 ISK) |
-1.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
4,678.46 NOK (59,097.08 ISK) |
5,803.87 NOK (73,312.85 ISK) |
+24.1 % |
Salaries And Financing | Norway Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
37,116.55 NOK (468,846.00 ISK) |
44,655.39 NOK (564,074.59 ISK) |
+20.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.53 | 9.90 | +118.3 % |
| Last update: | 24 May 2025 | 21 May 2025 | |
| Contributors in the past 12 months: | 227 | 51 |
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