Cost of living comparison

 Reykjavik, Iceland
compared to
Oslo vs. Reykjavik Cost of Living Summary

Oslo is 3.3% more expensive than Reykjavik.

Restaurants
pay 5.3% more in Oslo
Groceries
pay 4.2% less in Oslo
Transportation
pay 7.3% less in Oslo
Housing
pay 35.9% more in Oslo
Childcare
pay 18.2% more in Oslo
Entertainment and Sports
pay 7.6% less in Oslo
Clothing
pay 16.9% less in Oslo

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

Oslo vs. Reykjavik Cost Breakdown

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

pay 5.3% more for restaurants

 
Reykjavik
Oslo
Basic meal with drink at inexpensive restaurant $20.00
ISK2,689
$21.80
NOK234.44
Fast food combo meal
McDonalds, or similar
$18.02
ISK2,423
$12.31
NOK132.36
Bottle of Coca-Cola (11 fl. oz) $3.15
ISK424
$3.63
NOK39.04

Improve prices ·

pay 4.2% less for groceries

 
Reykjavik
Oslo
Bread
1 loaf
$3.61
ISK485
$3.25
NOK34.98
Local cheese (8 oz) $7.76
ISK1,043
$6.40
NOK68.80
Milk (1 gallon) $6.40
ISK861
$7.87
NOK84.60

Improve prices ·

pay 7.3% less for transportation

 
Reykjavik
Oslo
Gasoline (1 gallon) $8.50
ISK1,143
$7.74
NOK83.29
Monthly public transit pass $74.95
ISK10,078
$81.47
NOK876.22
New Volkswagen Golf 1.4 (standard edition) $42,450.45
ISK5,707,888
$36,328.41
NOK390,732.26

Improve prices ·

pay 35.9% more for housing

 
Reykjavik
Oslo
Internet connection
50 mbps or faster, cable/dsl
$69.87
ISK9,394
$52.77
NOK567.62
1-Bedroom apartment in downtown area $1,971.17
ISK265,044
$1,432.43
NOK15,406.57
1-Bedroom apartment outside city center $1,803.44
ISK242,491
$1,135.26
NOK12,210.38

Improve prices ·

pay 18.2% more for childcare

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

Improve prices ·

pay 7.6% less for entertainment and sports

 
Reykjavik
Oslo
Domestic/local beer (1 pint) $10.81
ISK1,454
$9.99
NOK107.45
Cappuccino in mid-range area $5.31
ISK713
$4.35
NOK46.78
Pack of cigarettes
Marlboro or similar
$12.25
ISK1,646
$14.53
NOK156.29

Improve prices ·

pay 16.9% less for clothing

 
Reykjavik
Oslo
Regular jeans
Levi's brand
$108.97
ISK14,652
$97.96
NOK1,053.66
Regular dress
from H&M or similar store
$49.72
ISK6,685
$49.61
NOK533.62
Running shoes
Nike or Adidas
$151.85
ISK20,418
$112.16
NOK1,206.31

Improve prices ·
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
Share this

Compare countries by overall cost of living

See the cost of living in Iceland vs. Norway. This provides a comparison of the average cost of living from cities within Iceland and Norway.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Oslo or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.