Cost of living
Iceland compared to Norway
🌍
Overview comparison
IcelandNorway
Consumer prices in Norway are roughly 2% higher than in Iceland.
Cost of living
| Item | Iceland | Norway |
|---|
| Total with rent one person | 2,964 | 1,721 |
|---|
| Total with rent family | 4,846 | 4,499 |
|---|
| Without rent one person | 959 | 985 |
|---|
| Without rent one family | 2,730 | 2,513 |
|---|
| Rent & Utilities person | 1,597.82 | 1,104.96 |
|---|
| Rent & Utilities family | 2,046.76 | 1,632.96 |
|---|
| Food person | 870 | 697 |
|---|
| Food family | 2,184 | 1,952 |
|---|
| Transport person | 77.85 | 122.07 |
|---|
| Transport family | 222.83 | 331.23 |
|---|
| Life expectancy | 80.74 years | 101.41 years |
|---|
Eating Out
| Item | Iceland | Norway |
|---|
| Lunch Menu | 17.65 | 22.64 |
|---|
| Dinner in a Restaurant, for 2 | 129.25 | 118.31 |
|---|
| Fast food meal, equiv. McDonald's | 18.5 | 14.1 |
|---|
| Beer in a Pub, 0.5 L or 16 fl oz | 12.12 | 9.57 |
|---|
| Cappuccino | 4.5 | 5.72 |
|---|
| Pepsi / Coke, 0.5 L or 16.9 fl oz | 3.66 | 3.43 |
|---|
Rent & Utilities
| Item | Iceland | Norway |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 1,800.05 | 1,161.44 |
|---|
| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,312.55 | 1,002.74 |
|---|
| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 2,314.52 | 1,966.07 |
|---|
| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 2,843.64 | 1,171.92 |
|---|
| Utility Bill one person, electricity, heating, water, etc. | 44.71 | 123.5 |
|---|
| Utility Bill for a Family, electricity, heating, water, etc. | 67.33 | 199.57 |
|---|
| Internet plan, 25 Mbps+ 1 month unlimited | 76.76 | 54.99 |
|---|
Transportation
| Item | Iceland | Norway |
|---|
| Local transport ticket | 7.78 | 4.27 |
|---|
| Monthly ticket local transport | 4,980 | 7,882 |
|---|
| Taxi Ride, 8 km or 5 mi | 4,162 | 4,963 |
|---|
| Gas / Petrol, 1 L or 0.26 gal | 5.47 | 3.13 |
|---|
| Mortgage Interest Rate for 20 Years | 72.85% | 81.09% |
|---|
| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 22.8 | 24.36 |
|---|
| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 2.33 | 1.82 |
|---|
Groceries
| Item | Iceland | Norway |
|---|
| Milk, 1 L or 1 qt | 1.83 | 2.14 |
|---|
| Bread, 0.5 kg or 1.1 lb | 3.36 | 2.86 |
|---|
| Eggs, x12 | 6.58 | 4.4 |
|---|
| Cheese, 1 kg or 2.2 lb | 14.12 | 13.81 |
|---|
| Chicken Breast, 1 kg or 2.2 lb | 15.81 | 16.02 |
|---|
| Round Steak, 1 kg or 2.2 lb | 40.5 | 32.66 |
|---|
| Banana, 1 kg or 2.2 lb | 2.45 | 2.09 |
|---|
| Water, 1 L or 1 qt | 1.36 | 1.1 |
|---|
Other
| Item | Iceland | Norway |
|---|
| Gym Membership, 1 month | 76.37 | 54.81 |
|---|
| Cinema Ticket, 1 person | 16.72 | 17.62 |
|---|
| Doctors visit | 93.82 | 47.6 |
|---|
| Haircut, simple | 51.01 | 37.21 |
|---|
| Brand Jeans | 119.07 | 80.18 |
|---|
| Brand Sneakers | 169.8 | 86.9 |
|---|
| Daycare or Preschool, 1 month | 220.27 | 338.38 |
|---|
| International Primary School, 1 year | 6,414 | 8,275 |
|---|
