Cost of living comparison

Oslo, Norway

compared to

Reykjavik, Iceland

Reykjavik vs. Oslo Cost of Living Summary

Reykjavik is 7.7% more expensive than Oslo.

Restaurants: pay 0.7% more in Reykjavik
Groceries: pay 7.7% more in Reykjavik
Transportation: pay 9.0% more in Reykjavik
Housing: pay 14.7% more in Reykjavik
Childcare: pay 13.8% less in Reykjavik
Entertainment and Sports: pay 12.7% more in Reykjavik
Clothing: pay 23.1% more in Reykjavik

The cost of clothing, housing, entertainment and sports, transportation, groceries, and restaurants in Reykjavik are more expensive than in Oslo.

Reykjavik vs. Oslo Cost Breakdown

If you lived in Reykjavik instead of Oslo, you would:

Display currency: USD

pay 0.7% more for restaurants

	Oslo	Reykjavik
Basic meal with drink at inexpensive restaurant	$21.80 NOK234.44	$20.00 ISK2,689	-8.2%
Fast food combo meal McDonalds, or similar	$12.31 NOK132.36	$18.02 ISK2,423	+46.4%
Bottle of Coca-Cola (11 fl. oz)	$3.63 NOK39.04	$3.15 ISK424	-13.1%
Bottle of water (11 fl. oz)	$2.81 NOK30.26	$2.19 ISK294	-22.3%
Average			+0.7%

Oslo vs. Reykjavik - Cost of restaurants

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pay 7.7% more for groceries

	Oslo	Reykjavik
Bread 1 loaf	$3.25 NOK34.98	$3.61 ISK485	+11.0%
Local cheese (8 oz)	$6.40 NOK68.80	$7.76 ISK1,043	+21.3%
Milk (1 gallon)	$7.87 NOK84.60	$6.40 ISK861	-18.6%
Eggs 1 dozen	$4.50 NOK48.36	$5.76 ISK774	+28.0%
Boneless chicken breast (1 lb)	$6.79 NOK73.05	$9.45 ISK1,270	+39.1%
Apples (1 lb)	$1.44 NOK15.54	$1.40 ISK189	-2.9%
Bananas (1 lb)	$1.04 NOK11.14	$1.01 ISK136	-2.6%
Oranges (1 lb)	$1.43 NOK15.38	$1.22 ISK164	-14.9%
Tomatoes (1 lb)	$2.19 NOK23.56	$2.22 ISK299	+1.6%
Potatoes (1 lb)	$1.08 NOK11.62	$1.43 ISK193	+32.8%
Onions (1 lb)	$1.04 NOK11.18	$0.93 ISK126	-10.2%
Average			+7.7%

Oslo vs. Reykjavik - Cost of groceries

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pay 9.0% more for transportation

	Oslo	Reykjavik
Gasoline (1 gallon)	$7.74 NOK83.29	$8.50 ISK1,143	+9.8%
Monthly public transit pass	$81.47 NOK876.22	$74.95 ISK10,078	-8.0%
New Volkswagen Golf 1.4 (standard edition)	$36,328.41 NOK390,732.26	$42,450.45 ISK5,707,888	+16.9%
Taxi trip in downtown area (5 miles)	$20.53 NOK220.76	$24.05 ISK3,234	+17.2%
Average			+9.0%

Oslo vs. Reykjavik - Cost of transportation

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pay 14.7% more for housing

	Oslo	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$52.77 NOK567.62	$69.87 ISK9,394	+32.4%
1-Bedroom apartment in downtown area	$1,432.43 NOK15,406.57	$1,971.17 ISK265,044	+37.6%
1-Bedroom apartment outside city center	$1,135.26 NOK12,210.38	$1,803.44 ISK242,491	+58.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$179.32 NOK1,928.69	$53.95 ISK7,255	-69.9%
Average			+14.7%

Oslo vs. Reykjavik - Cost of housing

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pay 13.8% less for childcare

	Oslo	Reykjavik
Private preschool for 1 child, monthly	$257.78 NOK2,772.57	$252.14 ISK33,903	-2.2%
Middle school for 1 child, two semesters	$8,036.90 NOK86,441.37	$5,993.99 ISK805,952	-25.4%
Average			-13.8%

Oslo vs. Reykjavik - Cost of childcare

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pay 12.7% more for entertainment and sports

	Oslo	Reykjavik
Domestic/local beer (1 pint)	$9.99 NOK107.45	$10.81 ISK1,454	+8.2%
Cappuccino in mid-range area	$4.35 NOK46.78	$5.31 ISK713	+22.0%
Pack of cigarettes Marlboro or similar	$14.53 NOK156.29	$12.25 ISK1,646	-15.7%
Monthly membership at local gym	$46.05 NOK495.28	$69.95 ISK9,405	+51.9%
Movie ticket to theater/cinema	$15.21 NOK163.62	$14.77 ISK1,987	-2.9%
Average			+12.7%

Oslo vs. Reykjavik - Cost of entertainment and sports

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pay 23.1% more for clothing

	Oslo	Reykjavik
Regular jeans Levi's brand	$97.96 NOK1,053.66	$108.97 ISK14,652	+11.2%
Regular dress from H&M or similar store	$49.61 NOK533.62	$49.72 ISK6,685	+0.2%
Running shoes Nike or Adidas	$112.16 NOK1,206.31	$151.85 ISK20,418	+35.4%
Men's business shoes (leather)	$133.33 NOK1,433.99	$194.16 ISK26,106	+45.6%
Average			+23.1%

Oslo vs. Reykjavik - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: March 2025

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