Oslo vs Reykjavik

Cost of living comparison for 2026. Reykjavik is roughly 4% more affordable than Oslo (index 50 vs 52, New York = 100). Data sourced live via AI — updated regularly.

Reykjavik
More affordable overall
4% cheaper than Oslo · Cost index: 50 vs 52

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 Index50
4,320Median Income /mo4,652
75Safety Index76
26Income Tax %31.49
120Internet (Mbps)95
480Coworking /mo250

Price Breakdown

OsloCategoryReykjavik
$1,890/month
1-BR Apartment (Center)
15% cheaper →
$2,222/month
$1.5/liter
Meal for One
15% cheaper →
$1.77/liter
$22/meal
Restaurant (Mid-range)
22% cheaper →
$28.14/meal
$85/month
Monthly Transit Pass
7% ← cheaper
$78.9/month
$290/month
Utilities (Monthly)
37% ← cheaper
$182.55/month
$120/visit
Doctor Visit
28% ← cheaper
$86.59/visit

Digital Nomad Profile

Oslo

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

Reykjavik

Internet95 Mbps
Coworking$250/mo
Café WiFiexcellent
Englishhigh
Communitygrowing
Walkability78/100

Frequently Asked Questions

Is Oslo cheaper than Reykjavik?

Reykjavik is cheaper than Oslo. Reykjavik has a cost of living index of 50/100 compared to 52/100 for Oslo (New York = 100), making it roughly 4% more affordable overall.

How much cheaper is Reykjavik than Oslo?

Reykjavik is approximately 4% cheaper than Oslo based on cost index scores (50 vs 52, where New York = 100). A person spending $3,000/month in Oslo could live a similar lifestyle for roughly $2,871/month in Reykjavik.

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 $2,222/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 95 Mbps and coworking at ~$250/month. Reykjavik has a cost advantage of 4%.

What is the average income in Oslo vs Reykjavik?

The median net monthly salary in Oslo is approximately $4,320 USD, compared to $4,652 USD in Reykjavik.

Compare Oslo with…

Popular head-to-heads — see exactly where Oslo wins or loses.

Cities that cost about the same as Oslo

Same spending tier, different part of the world — the head-to-heads people actually weigh when relocating.

Explore this comparison interactively

See radar charts, detailed category breakdowns, and compare any two cities in real time.

Free to start · No credit card needed