Cost of living comparison

compared to

Reykjavik vs. Oslo Cost of Living Summary

Reykjavik is 25.3% more expensive than Oslo.

Restaurants: pay 6.2% more in Reykjavik
Groceries: pay 16.0% more in Reykjavik
Transportation: pay 24.9% more in Reykjavik
Housing: pay 12.6% more in Reykjavik
Childcare: pay 60.7% more in Reykjavik
Entertainment and Sports: pay 13.0% more in Reykjavik
Clothing: pay 43.4% more in Reykjavik

The cost of childcare, clothing, transportation, groceries, entertainment and sports, and housing 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 6.2% more for restaurants

	Oslo	Reykjavik
Basic meal with drink at inexpensive restaurant	$24.94 NOK253.42	$27.48 ISK3,478	+10.2%
Fast food combo meal McDonalds, or similar	$14.97 NOK152.05	$22.76 ISK2,881	+52.1%
Bottle of Coca-Cola (11 fl. oz)	$4.05 NOK41.18	$3.34 ISK422	-17.7%
Bottle of water (11 fl. oz)	$3.35 NOK34.08	$2.70 ISK341	-19.6%
Average			+6.2%

Oslo vs. Reykjavik - Cost of restaurants

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pay 16.0% more for groceries

	Oslo	Reykjavik
Bread 1 loaf	$4.01 NOK40.69	$4.63 ISK587	+15.7%
Local cheese (8 oz)	$6.90 NOK70.09	$9.44 ISK1,195	+36.8%
Milk (1 gallon)	$8.43 NOK85.68	$7.63 ISK966	-9.5%
Eggs 1 dozen	$5.06 NOK51.39	$6.50 ISK823	+28.6%
Boneless chicken breast (1 lb)	$7.42 NOK75.35	$11.29 ISK1,429	+52.2%
Apples (1 lb)	$1.59 NOK16.17	$1.59 ISK201	-0.1%
Bananas (1 lb)	$1.14 NOK11.57	$1.17 ISK148	+2.7%
Oranges (1 lb)	$1.51 NOK15.38	$1.49 ISK188	-1.7%
Tomatoes (1 lb)	$2.31 NOK23.45	$2.54 ISK321	+9.9%
Potatoes (1 lb)	$1.13 NOK11.43	$1.70 ISK215	+50.8%
Onions (1 lb)	$1.24 NOK12.64	$1.13 ISK143	-9.2%
Average			+16.0%

Oslo vs. Reykjavik - Cost of groceries

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pay 24.9% more for transportation

	Oslo	Reykjavik
Gasoline (1 gallon)	$8.28 NOK84.15	$9.66 ISK1,223	+16.6%
Monthly public transit pass	$77.62 NOK788.64	$88.58 ISK11,213	+14.1%
New Volkswagen Golf 1.4 (standard edition)	$34,920.78 NOK354,784.67	$50,771.00 ISK6,426,593	+45.4%
Taxi trip in downtown area (5 miles)	$22.75 NOK231.12	$28.07 ISK3,553	+23.4%
Average			+24.9%

Oslo vs. Reykjavik - Cost of transportation

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pay 12.6% more for housing

	Oslo	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$53.79 NOK546.46	$81.97 ISK10,376	+52.4%
1-Bedroom apartment in downtown area	$1,763.00 NOK17,911.56	$2,259.48 ISK286,005	+28.2%
1-Bedroom apartment outside city center	$1,414.97 NOK14,375.69	$2,034.90 ISK257,578	+43.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$233.70 NOK2,374.35	$60.87 ISK7,705	-74.0%
Average			+12.6%

Oslo vs. Reykjavik - Cost of housing

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pay 60.7% more for childcare

	Oslo	Reykjavik
Private preschool for 1 child, monthly	$249.67 NOK2,536.59	$327.78 ISK41,490	+31.3%
Middle school for 1 child, two semesters	$16,158.34 NOK164,163.94	$30,711.08 ISK3,887,409	+90.1%
Average			+60.7%

Oslo vs. Reykjavik - Cost of childcare

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pay 13.0% more for entertainment and sports

	Oslo	Reykjavik
Domestic/local beer (1 pint)	$11.97 NOK121.64	$13.12 ISK1,661	+9.6%
Cappuccino in mid-range area	$5.06 NOK51.41	$6.17 ISK781	+22.0%
Pack of cigarettes Marlboro or similar	$16.96 NOK172.32	$13.94 ISK1,764	-17.8%
Monthly membership at local gym	$56.24 NOK571.42	$87.35 ISK11,057	+55.3%
Movie ticket to theater/cinema	$17.96 NOK182.46	$17.18 ISK2,175	-4.3%
Average			+13.0%

Oslo vs. Reykjavik - Cost of entertainment and sports

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pay 43.4% more for clothing

	Oslo	Reykjavik
Regular jeans Levi's brand	$102.33 NOK1,039.62	$145.10 ISK18,366	+41.8%
Regular dress from H&M or similar store	$58.31 NOK592.36	$63.97 ISK8,097	+9.7%
Running shoes Nike or Adidas	$121.03 NOK1,229.63	$193.43 ISK24,484	+59.8%
Men's business shoes (leather)	$153.48 NOK1,559.26	$248.79 ISK31,492	+62.1%
Average			+43.4%

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: November 2025

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