Norway, officially known as the Kingdom of Norway, is a Nordic country in Northwestern Europe. It comprises the western part of the Scandinavian peninsula.
Norway is a country with an exceptionally high standard of living.
Compared to its neighboring countries, food in Norway can be around 50-100% more expensive. Housing and cares up to 100%.
So, if you want to go or move to Norway, be prepared that everything is ridiculously expensive in this country, and when traveling out of Norway, it will probably feel like you just gained huge piles of money, just cause you can afford a decent life as soon as you leave.
Food can be quite expensive if you eat at a restaurant. For example, eating in an inexpensive restaurant will cost you a bit less than 20$ – for one person. If you want to save some money, it might be best to just have dinner at a restaurant once a month. A meal for two at a mid-range restaurant will cost you just short of 100$.
If you want to save up some money on food, it’s not enough that you just shop at supermarkets and cook for yourself – you’ve got to shop cautiously. This usually means asking around for shops that are cheaper and then sticking to them. Budgeting around 300$ per month for food should be enough if you don’t have the highest standards.
Public transportation is quite expensive, even with their various discounts, so the easiest way to save money is to invest in a bicycle, though keep in mind that you’ll probably need to take the bus at some point anyway. A one-way ticket for a local transport will cost you around 4.50$ while a monthly pass for public transport is around 85$.
Like most other things, utilities are expensive too in Norway, though it does depend on the amount of electricity you use and on the size of your apartment. For example, for a bit larger apartment, of about 85m2, all basic utilities like heating (very important in Norway), cooling, electricity and gas will cost you around 180$.
SPORTS & LEISURE
When it comes to fitness and sports, maybe it’s best that you go hiking instead! Just kidding, but you should know that practicing sports or going to the gym in Norway is definitely expensive. A gym or a fitness club membership will cost you around 50$, while going to the cinema and enjoying some movie time has never been more expensive. Prepare to pay a whopping 15$ per ticket.
CLOTHING & SHOES
Actually, since since some cities are very close to the border with Sweden, a lot of people take the bus to go shopping in the neighboring country. The prices are lower and the trip is cheap. However, if you’re set on shopping in Norway, you should get familiar with the prices right away. Quality jeans will cost you around 100$, and you won’t find any good running sneakers without cashing out close to 110$.
RENT PER MONTH
Cost of apartments varies across the country, but if you intend to rent something in the capital Oslo, you will have to pay around 600$ for a 200–350m2 room in a shared apartment, and from 1200$ and upwards for a small apartment. A spacious apartment or a house will cost you from 1800$ and upwards.
Cost of Living Averages Table for Norway
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$ 19.86|
|Domestic Beer (0.5 Liter)||$ 9.35|
|Water (0.33 Liter)||$ 2.75||Average Market Prices|
|Milk (1 Liter)||$ 2.04|
|Loaf Bread (500g)||$ 3.05|
|Eggs (12)||$ 4.31||Average Transport Prices|
|One Way Ticket||$ 4.21|
|Monthly Pass||$ 85.99|
|Gasoline||$ 10.16||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$ 173.64|
|1 min. of Prepaid Mobile Tariff Local||$ 0.10|
|Internet (Unlimited Data, Cable/ADSL)||$ 52.75||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$ 46.66|
|Tennis Court Rent (1 Hour)||$ 33.56|
|Cinema, 1 Seat, International Release||$ 14.60||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$ 98.08|
|1 Summer Dress in a Chain Store (Zara, etc...)||$ 44.13|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$ 109.57||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$ 1172.28|
|Apartment (1 bedroom) Outside of Center||$ 944.57|
|Apartment (3 bedrooms) in City Center||$ 1979.40|
How Does the Average Person Spend Their Money in Norway?
Food is definitely the biggest expense for anyone living in Norway – though this is the situation in most countries around the world.
Food is an everyday necessity and when it’s not cheap, it amounts to a high monthly expense.
The second highest expense for an average person living in Norway is rent, with very high prices of apartment in the cities and outside of them alike.
Other significant expenses for Norwegian people are restaurants and transportation, while clothing and shoes draw the least amount of money from them.
Norway: Average Salary, Minimum Wage & Mortgages
It’s widely known around the world that Norway has some of the best salaries and best working conditions in the world.
Though there is no set minimum wage in Norway, as they differ from sector to sector and there are often different rates to distinguish skilled from unskilled work, the usual minimum wage is around 2300$ which is a decent minimum wage and most people can earn for a normal life.
An average monthly salary in Norway is well above 3000$ which is absolutely enough for a comfortable life in this country.
Cost of Living by City in Norway
*Click the name of the city for more information.
|City||Cost of Living Index|