Cost of living comparison
Norway is 4.6% cheaper than Iceland overall.
- Restaurants
-
pay 0.9% more in Norway
- Groceries
-
pay 4.0% less in Norway
- Transportation
-
pay 7.9% less in Norway
- Housing
-
pay 9.6% more in Norway
- Childcare
-
pay 3.7% more in Norway
- Entertainment and Sports
-
pay 5.3% less in Norway
- Clothing
-
pay 29.4% less in Norway
The cost of housing, childcare, and restaurants in Norway are more expensive than in Iceland. Expenses including clothing, transportation, entertainment and sports, and groceries are lower in Norway.
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
ISK2,475
|
$18.52
NOK193.96
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,162
|
$12.17
NOK127.41
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK359
|
$2.88
NOK30.14
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK258
|
$2.70
NOK28.30
|
|
pay 4.0% less for groceries
|
Iceland
|
Norway
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK377
|
$3.03
NOK31.72
|
|
| Local cheese (8 oz) |
$7.27
ISK927
|
$5.10
NOK53.38
|
|
| Milk (1 gallon) |
$6.01
ISK766
|
$7.41
NOK77.64
|
|
|
Eggs
1 dozen
|
$5.42
ISK692
|
$3.71
NOK38.85
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,086
|
$5.92
NOK62.05
|
|
| Apples (1 lb) |
$1.22
ISK156
|
$1.32
NOK13.78
|
|
| Bananas (1 lb) |
$1.03
ISK131
|
$0.98
NOK10.30
|
|
| Oranges (1 lb) |
$1.17
ISK149
|
$1.29
NOK13.52
|
|
| Tomatoes (1 lb) |
$1.87
ISK239
|
$1.82
NOK19.04
|
|
| Potatoes (1 lb) |
$1.23
ISK158
|
$0.96
NOK10.00
|
|
| Onions (1 lb) |
$0.78
ISK100
|
$1.05
NOK11.03
|
|
pay 7.9% less for transportation
|
Iceland
|
Norway
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,067
|
$7.32
NOK76.68
|
|
| Monthly public transit pass |
$71.28
ISK9,096
|
$67.29
NOK704.69
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,188,707
|
$32,441.53
NOK339,744.04
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,812
|
$23.50
NOK246.09
|
|
pay 9.6% more for housing
|
Iceland
|
Norway
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,210
|
$52.97
NOK554.68
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK234,552
|
$1,030.17
NOK10,788.45
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK191,130
|
$803.77
NOK8,417.45
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,403
|
$148.13
NOK1,551.32
|
|
pay 3.7% more for childcare
|
Iceland
|
Norway
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK32,944
|
$272.16
NOK2,850.22
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK764,894
|
$6,113.04
NOK64,018.87
|
|
pay 5.3% less for entertainment and sports
|
Iceland
|
Norway
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,172
|
$8.83
NOK92.45
|
|
| Cappuccino in mid-range area |
$4.65
ISK593
|
$4.64
NOK48.58
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,500
|
$13.25
NOK138.76
|
|
| Monthly membership at local gym |
$61.46
ISK7,843
|
$43.21
NOK452.49
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,831
|
$13.55
NOK141.94
|
|
pay 29.4% less for clothing
|
Iceland
|
Norway
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,194
|
$87.77
NOK919.22
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,617
|
$40.11
NOK420.02
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK18,886
|
$100.53
NOK1,052.77
|
|
| Men's business shoes (leather) |
$184.49
ISK23,543
|
$126.05
NOK1,320.08
|
|
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