Oslo vs Reykjavik

Cost of living comparison for 2026. Oslo is roughly 21% more affordable than Reykjavik (index 52 vs 66, New York = 100). Data sourced live via AI — updated regularly.

Oslo
More affordable overall
21% cheaper than Reykjavik · Cost index: 52 vs 66

Life Power at $3,000/mo

The same salary ranks differently depending on where you live — from Beggar to King.

Head-to-Head Stats

52Cost Index66
4,320Median Income /mo4,600
75Safety Index95
26Income Tax %31.49
120Internet (Mbps)289
480Coworking /mo350

Price Breakdown

OsloCategoryReykjavik
$1,890/month
1-BR Apartment (Center)
11% cheaper →
$2,130/month
$1.5/liter
Meal for One
29% cheaper →
$2.1/liter
$22/meal
Restaurant (Mid-range)
8% cheaper →
$24/meal
$85/month
Monthly Transit Pass
10% cheaper →
$94/month
$290/month
Utilities (Monthly)
52% ← cheaper
$140/month
$120/visit
Doctor Visit
$120/visit

Digital Nomad Profile

Oslo

Internet120 Mbps
Coworking$480/mo
Café WiFigood
Englishhigh
Communitygrowing
Walkability78/100

Reykjavik

Internet289 Mbps
Coworking$350/mo
Café WiFigood
Englishhigh
Communitygrowing
Walkability78/100

Frequently Asked Questions

Is Oslo cheaper than Reykjavik?

Oslo is cheaper than Reykjavik. Oslo has a cost of living index of 52/100 compared to 66/100 for Reykjavik (New York = 100), making it roughly 21% more affordable overall.

How much cheaper is Oslo than Reykjavik?

Oslo is approximately 21% cheaper than Reykjavik based on cost index scores (52 vs 66, where New York = 100). A person spending $3,000/month in Reykjavik could live a similar lifestyle for roughly $2,364/month in Oslo.

What is the rent comparison between Oslo and Reykjavik?

In Oslo, a 1-bedroom apartment in the city center costs approximately $1,890/month. In Reykjavik, the equivalent is around $2,130/month.

Which city is better for digital nomads — Oslo or Reykjavik?

Both cities have nomad infrastructure. Oslo offers 120 Mbps internet and coworking at ~$480/month. Reykjavik offers 289 Mbps and coworking at ~$350/month. Oslo has a cost advantage of 21%.

What is the average income in Oslo vs Reykjavik?

The median net monthly salary in Oslo is approximately $4,320 USD, compared to $4,600 USD in Reykjavik.

Compare Oslo with…

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