Reykjavik vs Oslo

Cost of living comparison for 2026. Oslo is roughly 2% more affordable than Reykjavik (index 87 vs 89, New York = 100). Data sourced live via AI — updated regularly.

Oslo
More affordable overall
2% cheaper than Reykjavik · Cost index: 87 vs 89

Head-to-Head Stats

89Cost Index87
4,652Median Income /mo4,838
76Safety Index88
31.49Income Tax %28
95Internet (Mbps)95
250Coworking /mo350

Price Breakdown

ReykjavikCategoryOslo
$2,222/month
1-BR Apartment (Center)
32% ← cheaper
$1,520/month
$1.77/liter
Meal for One
12% cheaper →
$2/liter
$28.14/meal
Restaurant (Mid-range)
29% ← cheaper
$20/meal
$78.9/month
Monthly Transit Pass
2% ← cheaper
$77/month
$182.55/month
Utilities (Monthly)
9% cheaper →
$200/month
$86.59/visit
Doctor Visit
28% cheaper →
$120/visit

Digital Nomad Profile

Reykjavik

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

Oslo

Internet95 Mbps
Coworking$350/mo
Café WiFiexcellent
Englishhigh
Communitygrowing
Walkability78/100

Frequently Asked Questions

Is Reykjavik cheaper than Oslo?

Oslo is cheaper than Reykjavik. Oslo has a cost of living index of 87/100 compared to 89/100 for Reykjavik, making it roughly 2% more affordable overall.

How much cheaper is Oslo than Reykjavik?

Oslo is approximately 2% cheaper than Reykjavik based on cost index scores (87 vs 89, where New York = 100). A person spending $3,000/month in Reykjavik could live a similar lifestyle for roughly $2,933/month in Oslo.

What is the rent comparison between Reykjavik and Oslo?

In Reykjavik, a 1-bedroom apartment in the city center costs approximately $2,222/month. In Oslo, the equivalent is around $1,520/month.

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

Both cities have nomad infrastructure. Reykjavik offers 95 Mbps internet and coworking at ~$250/month. Oslo offers 95 Mbps and coworking at ~$350/month. Oslo has a cost advantage of 2%.

What is the average income in Reykjavik vs Oslo?

The median net monthly salary in Reykjavik is approximately $4,652 USD, compared to $4,838 USD in Oslo.

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