Cost of living comparison
Iceland is 15.1% more expensive than Norway.
If you lived in Iceland instead of Norway, you would:
pay 4.1% more for restaurants
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.52
NOK206.37
|
$19.40
ISK2,691
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.17
NOK135.57
|
$16.94
ISK2,350
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.88
NOK32.07
|
$2.81
ISK390
|
|
| Bottle of water (11 fl. oz) |
$2.70
NOK30.11
|
$2.02
ISK280
|
|
pay 9.6% more for groceries
|
Norway
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.03
NOK33.75
|
$2.95
ISK410
|
|
| Local cheese (8 oz) |
$5.10
NOK56.80
|
$7.27
ISK1,008
|
|
| Milk (1 gallon) |
$7.41
NOK82.61
|
$6.01
ISK833
|
|
|
Eggs
1 dozen
|
$3.71
NOK41.33
|
$5.42
ISK752
|
|
| Boneless chicken breast (1 lb) |
$5.92
NOK66.02
|
$8.51
ISK1,180
|
|
| Apples (1 lb) |
$1.32
NOK14.66
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.98
NOK10.96
|
$1.03
ISK142
|
|
| Oranges (1 lb) |
$1.29
NOK14.38
|
$1.17
ISK162
|
|
| Tomatoes (1 lb) |
$1.82
NOK20.26
|
$1.87
ISK260
|
|
| Potatoes (1 lb) |
$0.96
NOK10.64
|
$1.23
ISK171
|
|
| Onions (1 lb) |
$1.05
NOK11.73
|
$0.78
ISK109
|
|
pay 9.8% more for transportation
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.32
NOK81.59
|
$8.36
ISK1,160
|
|
| Monthly public transit pass |
$67.29
NOK749.79
|
$71.28
ISK9,888
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,441.53
NOK361,489.53
|
$40,660.66
ISK5,640,447
|
|
| Taxi trip in downtown area (5 miles) |
$23.50
NOK261.84
|
$22.04
ISK3,057
|
|
pay 35.0% more for housing
|
Norway
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$52.97
NOK590.19
|
$72.17
ISK10,012
|
|
| 1-Bedroom apartment in downtown area |
$1,030.17
NOK11,478.97
|
$1,838.04
ISK254,973
|
|
| 1-Bedroom apartment outside city center |
$803.77
NOK8,956.22
|
$1,497.77
ISK207,771
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$148.13
NOK1,650.62
|
$58.01
ISK8,048
|
|
pay 3.5% less for childcare
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$272.16
NOK3,032.65
|
$258.16
ISK35,813
|
|
| Middle school for 1 child, two semesters |
$6,113.04
NOK68,116.43
|
$5,993.99
ISK831,487
|
|
pay 8.2% more for entertainment and sports
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.83
NOK98.37
|
$9.19
ISK1,275
|
|
| Cappuccino in mid-range area |
$4.64
NOK51.68
|
$4.65
ISK645
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.25
NOK147.64
|
$11.76
ISK1,631
|
|
| Monthly membership at local gym |
$43.21
NOK481.45
|
$61.46
ISK8,526
|
|
| Movie ticket to theater/cinema |
$13.55
NOK151.02
|
$14.35
ISK1,990
|
|
pay 42.3% more for clothing
|
Norway
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$87.77
NOK978.05
|
$111.23
ISK15,430
|
|
|
Regular dress
from H&M or similar store
|
$40.11
NOK446.91
|
$59.69
ISK8,280
|
|
|
Running shoes
Nike or Adidas
|
$100.53
NOK1,120.15
|
$148.00
ISK20,530
|
|
| Men's business shoes (leather) |
$126.05
NOK1,404.57
|
$184.49
ISK25,593
|
|
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