Cost of living comparison
Iceland is 11.2% more expensive than Norway.
If you lived in Iceland instead of Norway, you would:
pay 3.5% more for restaurants
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$18.51
NOK204.76
|
$19.51
ISK2,682
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.71
NOK129.56
|
$16.45
ISK2,261
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.99
NOK33.09
|
$2.70
ISK372
|
|
| Bottle of water (11 fl. oz) |
$2.51
NOK27.79
|
$1.95
ISK269
|
|
pay 7.5% more for groceries
|
Norway
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
NOK32.68
|
$3.16
ISK434
|
|
| Local cheese (8 oz) |
$5.22
NOK57.78
|
$6.72
ISK923
|
|
| Milk (1 gallon) |
$7.39
NOK81.71
|
$6.27
ISK862
|
|
|
Eggs
1 dozen
|
$3.72
NOK41.15
|
$6.03
ISK829
|
|
| Boneless chicken breast (1 lb) |
$5.79
NOK64.10
|
$7.60
ISK1,045
|
|
| Apples (1 lb) |
$1.31
NOK14.54
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.96
NOK10.67
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$1.24
NOK13.70
|
$1.15
ISK159
|
|
| Tomatoes (1 lb) |
$1.77
NOK19.60
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$0.93
NOK10.32
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$1.01
NOK11.19
|
$0.68
ISK94
|
|
pay 7.3% more for transportation
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$7.55
NOK83.58
|
$8.42
ISK1,157
|
|
| Monthly public transit pass |
$74.48
NOK823.99
|
$68.29
ISK9,387
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$33,686.16
NOK372,678.78
|
$39,714.69
ISK5,458,784
|
|
| Taxi trip in downtown area (5 miles) |
$21.49
NOK237.77
|
$23.23
ISK3,193
|
|
pay 27.2% more for housing
|
Norway
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$50.62
NOK559.99
|
$74.47
ISK10,236
|
|
| 1-Bedroom apartment in downtown area |
$1,050.72
NOK11,624.34
|
$1,518.94
ISK208,778
|
|
| 1-Bedroom apartment outside city center |
$796.76
NOK8,814.77
|
$1,325.48
ISK182,187
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$132.58
NOK1,466.78
|
$66.99
ISK9,208
|
|
pay 16.4% less for childcare
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$293.64
NOK3,248.61
|
$254.97
ISK35,045
|
|
| Middle school for 1 child, two semesters |
$7,459.17
NOK82,522.71
|
$5,993.83
ISK823,851
|
|
pay 6.0% more for entertainment and sports
|
Norway
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.25
NOK102.34
|
$9.37
ISK1,288
|
|
| Cappuccino in mid-range area |
$4.58
NOK50.63
|
$4.61
ISK634
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.52
NOK149.56
|
$11.22
ISK1,542
|
|
| Monthly membership at local gym |
$43.22
NOK478.18
|
$60.00
ISK8,247
|
|
| Movie ticket to theater/cinema |
$13.15
NOK145.53
|
$13.94
ISK1,916
|
|
pay 43.4% more for clothing
|
Norway
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$82.76
NOK915.57
|
$108.23
ISK14,877
|
|
|
Regular dress
from H&M or similar store
|
$41.00
NOK453.62
|
$59.73
ISK8,210
|
|
|
Running shoes
Nike or Adidas
|
$92.09
NOK1,018.84
|
$146.94
ISK20,197
|
|
| Men's business shoes (leather) |
$123.04
NOK1,361.20
|
$169.24
ISK23,262
|
|
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