Cost of living comparison
Norway is 4.6% cheaper than Iceland.
If you lived in Norway instead of Iceland, you would:
pay 0.9% more for restaurants
|
Iceland
|
Norway
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,675
|
$18.52
NOK206.61
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,336
|
$12.17
NOK135.72
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK388
|
$2.88
NOK32.11
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK279
|
$2.70
NOK30.14
|
|
pay 4.0% less for groceries
|
Iceland
|
Norway
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK407
|
$3.03
NOK33.79
|
|
| Local cheese (8 oz) |
$7.27
ISK1,002
|
$5.10
NOK56.86
|
|
| Milk (1 gallon) |
$6.01
ISK828
|
$7.41
NOK82.71
|
|
|
Eggs
1 dozen
|
$5.42
ISK747
|
$3.71
NOK41.38
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,173
|
$5.92
NOK66.10
|
|
| Apples (1 lb) |
$1.22
ISK169
|
$1.32
NOK14.68
|
|
| Bananas (1 lb) |
$1.03
ISK142
|
$0.98
NOK10.97
|
|
| Oranges (1 lb) |
$1.17
ISK161
|
$1.29
NOK14.40
|
|
| Tomatoes (1 lb) |
$1.87
ISK258
|
$1.82
NOK20.28
|
|
| Potatoes (1 lb) |
$1.23
ISK170
|
$0.96
NOK10.65
|
|
| Onions (1 lb) |
$0.78
ISK108
|
$1.05
NOK11.75
|
|
pay 7.9% less for transportation
|
Iceland
|
Norway
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,153
|
$7.32
NOK81.68
|
|
| Monthly public transit pass |
$71.28
ISK9,828
|
$67.29
NOK750.65
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,606,292
|
$32,441.53
NOK361,904.78
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,038
|
$23.50
NOK262.14
|
|
pay 9.6% more for housing
|
Iceland
|
Norway
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,951
|
$52.97
NOK590.87
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK253,429
|
$1,030.17
NOK11,492.16
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK206,513
|
$803.77
NOK8,966.51
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,999
|
$148.13
NOK1,652.51
|
|
pay 3.7% more for childcare
|
Iceland
|
Norway
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,596
|
$272.16
NOK3,036.14
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK826,452
|
$6,113.04
NOK68,194.67
|
|
pay 5.3% less for entertainment and sports
|
Iceland
|
Norway
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,267
|
$8.83
NOK98.48
|
|
| Cappuccino in mid-range area |
$4.65
ISK641
|
$4.64
NOK51.74
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,621
|
$13.25
NOK147.81
|
|
| Monthly membership at local gym |
$61.46
ISK8,474
|
$43.21
NOK482.00
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,978
|
$13.55
NOK151.20
|
|
pay 29.4% less for clothing
|
Iceland
|
Norway
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,336
|
$87.77
NOK979.18
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,230
|
$40.11
NOK447.42
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,406
|
$100.53
NOK1,121.44
|
|
| Men's business shoes (leather) |
$184.49
ISK25,438
|
$126.05
NOK1,406.19
|
|
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