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
NOK205.38
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.17
NOK134.92
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.88
NOK31.92
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$2.70
NOK29.96
|
$2.02
ISK278
|
|
pay 9.6% more for groceries
|
Norway
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.03
NOK33.59
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$5.10
NOK56.52
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$7.41
NOK82.22
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$3.71
NOK41.14
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$5.92
NOK65.70
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$1.32
NOK14.59
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.98
NOK10.91
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$1.29
NOK14.31
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$1.82
NOK20.16
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.96
NOK10.59
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$1.05
NOK11.68
|
$0.78
ISK108
|
|
pay 9.8% more for transportation
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.32
NOK81.20
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$67.29
NOK746.19
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$32,441.53
NOK359,753.91
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$23.50
NOK260.58
|
$22.04
ISK3,033
|
|
pay 35.0% more for housing
|
Norway
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$52.97
NOK587.35
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$1,030.17
NOK11,423.86
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$803.77
NOK8,913.22
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$148.13
NOK1,642.69
|
$58.01
ISK7,986
|
|
pay 3.5% less for childcare
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$272.16
NOK3,018.09
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$6,113.04
NOK67,789.38
|
$5,993.99
ISK825,073
|
|
pay 8.2% more for entertainment and sports
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.83
NOK97.90
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$4.64
NOK51.44
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.25
NOK146.93
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$43.21
NOK479.14
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$13.55
NOK150.30
|
$14.35
ISK1,975
|
|
pay 42.3% more for clothing
|
Norway
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$87.77
NOK973.36
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$40.11
NOK444.76
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$100.53
NOK1,114.78
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$126.05
NOK1,397.83
|
$184.49
ISK25,396
|
|
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