Oslo vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Oslo Reykjavik
🚶 Cost of living one person
$2292
$2938
👨‍👩‍👧‍👦 Cost of living Family
$4945
$5875
🏠 One person rent
$1276
$1801
🏘️ Family rent
$2054
$2674
🍽️ Food expenses
$665
$827
🚐 Transport expenses
$188
$90.1
💳 Monthly salary after tax
$3699
$3761
😷 Air quality
Excellent
Excellent
✈️ Airport proximity
37 km
4 km
🎓 Higher education
79
53
😀 Quality of life
94
89
🏙️ Population
709K
140K

The cost of living in Oslo is 22% less expensive than in Reykjavik. Cities ranked 1171st and 200th ($2292 vs $2938) in the list of the most expensive cities in the world and ranked 1st and 1st in Norway and Iceland, respectively. Check Norway vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.6 months in Oslo compared to 1.3 months in Reykjavik. Oslo ranked 1st best city to live in Norway vs Reykjavik ranked 1st in Iceland, while ranked 37th and 194th among best cities to live in the world.

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Cost of living in Oslo vs Reykjavik infographic

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Prices in Oslo vs Reykjavik

Prices for goods and services in Oslo and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Oslo Reykjavik
Eating Out
🍱 Lunch Menu
$19.9
$21.5
🥂 Dinner in a Restaurant, for 2
$92.6
$137
🥪 Fast food meal, equiv. McDonald's
$12.5
$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$9.97
$10.8
 Cappuccino
$4.74
$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.56
$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1322
$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1024
$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2233
$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$1674
$2456
🔌 Utility Bill one person, electricity, heating, water, etc.
$146
$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$221
$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46.3
$71.4
🏦 Mortgage Interest Rate for 20 Years
5.06%
9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8757
$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6384
$5599
Transportation
🚌 Local transport ticket
$3.78
$4.52
🎟️ Monthly ticket local transport
$80
$75.8
🚕 Taxi Ride, 8 km or 5 mi
$26.9
$26.4
 Gas / Petrol, 1 L or 0.26 gal
$2.03
$2.23
Groceries
🥛 Milk, 1 L or 1 qt
$2.03
$1.66
🍞 Bread, 0.5 kg or 1.1 lb
$3.13
$3.74
🍚 Rice, 1 kg or 2.2 lb
$3.12
$3.24
🥚 Eggs, x12
$4.67
$5.94
🧀 Cheese, 1 kg or 2.2 lb
$12.7
$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$15
$20.9
🥩 Round Steak, 1 kg or 2.2 lb
$28.7
$37
🍏 Apples, 1 kg or 2.2 lb
$2.97
$2.94
🍌 Banana, 1 kg or 2.2 lb
$2.23
$2.25
🍊 Oranges, 1 kg or 2.2 lb
$3.08
$2.73
🍅 Tomato, 1 kg or 2.2 lb
$4.45
$4.73
🥔 Potato, 1 kg or 2.2 lb
$2.16
$3.26
🧅 Onion, 1 kg or 2.2 lb
$2.3
$2.11
🌊 Water, 1 L or 1 qt
$1.35
$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.11
$2.69
🍾 Wine (mid-priced), 750 mL bottle
$16.9
$21.6
🍺 Beer, 0.5 L or 16 fl oz
$3
$3.26
🚬 Cigarette pack
$13.9
$12.3
💊 Cold medicince, 1 week
$5.44
$10.4
🧴 Hair Shampoo
$4.25
$5.23
🧻 Toilet paper, 4 rolls
$2.34
$4.55
👄 Toothpaste, 1 tube
$2.48
$3.2
Other
🏋️ Gym Membership, 1 month
$45.7
$73.2
🎫 Cinema Ticket, 1 person
$14.9
$15.9
👩‍⚕️ Doctor's visit
$62
$82.2
💇 Haircut, simple
$33
$45.6
👖 Brand Jeans
$94
$128
👟 Brand Sneakers
$107
$162
👶 Daycare or Preschool, 1 month
$250
$279
🏫 International Primary School, 1 year
$8593
$2532

Cost of living in other countries

OsloReykjavik

Cost of living

More cities to compare

Cost of Living in the nearest cities

Cities near Oslo

Distance City Cost of living
14 km or 8.7 mi Baerum
$1872
25 km or 16 mi Lillestrom
$1945
27 km or 17 mi Asker
$1930
35 km or 22 mi Jessheim
$1838
36 km or 22 mi Drammen
$1627
50 km or 31 mi Moss
$1707
57 km or 35 mi Horten
$1631
68 km or 42 mi Kongsberg
$1747
71 km or 44 mi Tonsberg
$1714
74 km or 46 mi Sarpsborg
$1500
78 km or 48 mi Fredrikstad
$1977
92 km or 57 mi Sandefjord
$1864
96 km or 60 mi Halden
$1575
100 km or 62 mi Hamar
$1764
103 km or 64 mi Skien
$1651
104 km or 65 mi Larvik
$1733
106 km or 66 mi Porsgrunn
$1528
106 km or 66 mi Arvika
$1251
108 km or 67 mi Gjovik
$1722
135 km or 84 mi Lillehammer
$1468
165 km or 103 mi Karlstad
$1279
186 km or 115 mi Uddevalla
$1334
194 km or 120 mi Vanersborg
$1235
197 km or 122 mi Arendal
$1623
201 km or 125 mi Trollhattan
$1167
220 km or 137 mi Mariestad
$1373
241 km or 150 mi Mora
$1367
245 km or 152 mi Skovde
$1473
247 km or 154 mi Ludvika
$1178
252 km or 156 mi Kristiansand
$1326
259 km or 161 mi Gothenburg
$1623
260 km or 162 mi Orebro
$1171
261 km or 162 mi Molndal
$1498
266 km or 166 mi Borlange
$1599
275 km or 171 mi Boras
$1367
276 km or 171 mi Frederikshavn
$1394
281 km or 175 mi Falun
$1648
303 km or 188 mi Sandnes
$1709
304 km or 189 mi Stavanger
$2049
305 km or 190 mi Bergen
$2006

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$2802
9.8 km or 6.1 mi Hafnarfjorur
$2817
38 km or 24 mi Keflavik
$2355
247 km or 153 mi Akureyri
$2678
795 km or 494 mi Torshavn
$1828
1204 km or 748 mi Inverness
$1722
1230 km or 764 mi Elgin
$1393
1300 km or 808 mi Derry
$1390
1309 km or 813 mi Greenock
$1601
1321 km or 821 mi Aberdeen
$1614
1325 km or 823 mi Perth
$1500
1328 km or 825 mi Stirling
$1604
1331 km or 827 mi Paisley
$1765
1333 km or 828 mi Alloa
$1649
1337 km or 831 mi Glasgow
$2011
1339 km or 832 mi Dundee
$1482
1340 km or 833 mi Omagh
$1562
1341 km or 833 mi Cumbernauld
$1475
1342 km or 834 mi Irvine
$1551
1348 km or 838 mi East Kilbride
$1763
1349 km or 838 mi Kilmarnock
$1480
1351 km or 839 mi Dunfermline
$1692
1353 km or 841 mi Hamilton
$1699
1357 km or 843 mi Ayr
$1404
1360 km or 845 mi Kirkcaldy
$1610
1365 km or 848 mi Livingston
$1608
1372 km or 852 mi Edinburgh
$2140
1382 km or 859 mi Newtownabbey
$1692
1387 km or 862 mi Belfast
$1755
1390 km or 864 mi Bangor
$1382
1391 km or 864 mi Lisburn
$1713
1401 km or 871 mi Alesund
$1603
1413 km or 878 mi Galway
$2297
1425 km or 886 mi Dundalk
$1767
1431 km or 889 mi Dumfries
$1246
1433 km or 891 mi Nuuk
$2031
1441 km or 895 mi Molde
$1813
1454 km or 903 mi Kristiansund
$1700
1455 km or 904 mi Drogheda
$2628
1455 km or 904 mi Bergen
$2006