Reykjavik vs Oslo

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

66Cost Index52✓
4,600✓Median Income /mo4,320
95✓Safety Index75
31.49Income Tax %26✓
289✓Internet (Mbps)120
350✓Coworking /mo480

Price Breakdown

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

Digital Nomad Profile

Reykjavik

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

Oslo

Internet120 Mbps
Coworking$480/mo
Café WiFigood
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 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 Reykjavik and Oslo?

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

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

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

What is the average income in Reykjavik vs Oslo?

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

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