Property Prices Comparison Between Iceland and Norway 
Rent Per Month | Iceland Edit |
Norway Edit | Difference |
|---|---|---|---|
| Apartment (1 bedroom) in City Centre |
277,291.67 ISK (21,851.78 NOK) |
163,330.16 ISK (12,871.12 NOK) |
-41.1 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 ISK (19,646.73 NOK) |
124,570.17 ISK (9,816.67 NOK) |
-50.0 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 ISK (31,045.87 NOK) |
254,937.79 ISK (20,090.20 NOK) |
-35.3 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 ISK (26,641.70 NOK) |
197,266.55 ISK (15,545.45 NOK) |
-41.6 % |
Buy Apartment Price | Iceland Edit |
Norway Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 ISK (6,747.00 NOK) |
87,731.15 ISK (6,913.59 NOK) |
+2.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,898.79 ISK (5,744.74 NOK) |
59,040.13 ISK (4,652.62 NOK) |
-19.0 % |
Salaries And Financing | Iceland Edit |
Norway Edit | |
| Average Monthly Net Salary (After Tax) |
551,378.66 ISK (43,451.02 NOK) |
468,547.55 ISK (36,923.57 NOK) |
-15.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.76 | 4.47 | -54.2 % |
| Last update: | March 2025 | March 2025 | |
| Contributors in the past 12 months: | 53 | 222 |
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