Cost of Living

    Cost of Living in Oslo 【Average 2023】 – DATAROMA

    KatherineBy Updated:No Comments3 Mins Read
    cost of living in oslo

    The total average cost of living in Oslo is 16.1% higher than in a major city in the US and 20.9% higher than in Canada. If you’re a single person living in Oslo then a 1 bedroom apartment in inner-city should cost you around 13,769.70 kr while the basic utilities cost 1,569.91 kr which is still a lot if compared to the average net salary in Oslo, which is 34,398.94 kr. This means that almost half of your living wage would go into basic necessities. 

    Cost of living in Oslo 2022

    Utilities (Monthly)
    		 PRICES RANGE
    Basic (Electricity, Heating, Cooling, Water, Garbage) 1,569.91 kr 895.00–3,400.00
    Local Prepaid Mobile Tariff 1.30 kr 0.50–2.00
    Internet 471.20 kr 300.00–800.00
    Clothing And Shoes
    Pair of Jeans 917.19 kr 550.00–1,200.00
    Summer Dress 399.88 kr 250.00–600.00
    Pair of Nike Running Shoes 921.22 kr 600.00–1,200.00
    Pair of Men’s Leather Shoes 1,160.83 kr 600.00–1,500.00
    Rent Per Month
    Apartment (1 bedroom) in the center of the city 13,769.70 kr 10,000.00–16,000.00
    Apartment (1 bedroom) Outside of the city 10,748.69 kr 9,000.00–13,700.00
    Apartment (3 bedrooms) in the center of the city 21,500.62 kr 18,000.00–28,000.00
    Apartment (3 bedrooms) Outside of the city 17,022.60 kr 14,000.00–20,000.00
    Buy Apartment Price
    Price / Square Meter inside the city 89,615.71 kr 60,840.84–100,000.00
    Price / Square Meter outside of the city 58,386.28 kr 34,000.00–80,000.00
    Salaries And Financing
    Average Monthly Salary 34,398.94 kr
    Mortgage Interest Rate (%), Yearly, Fixed-Rate 2.29 1.50–3.00

    We use a basic comparative model to calculate the cost of living in Oslo. The listed prices are an average estimate of what it will cost to live in Oslo based on your daily and monthly spending.

    If you break it down to day to day expenses, a meal at an inexpensive restaurant would cost you 194.50 kr but if you want to buy your own groceries, which would include just the basics like milk, cheese, egg, chicken, rice bread and vegetable, it would cost you around 459 kr, which is not bad. Any luxury items would just add to the total bill, making it more expensive. Further costs will incur once you also include your daily transport; a one way bus ticket costs around 38.00 kr, while 1liter gas is 18.03 kr.

    So in simple terms, if you know how to manage your money, you can have a pretty decent living in Oslo.

    Cost of living in Oslo for students & Overview

    In general terms of the total cost of living, Oslo is a pretty expensive city to reside in. Especially if rent and utilities re compared to the average monthly salary. Even if compared to other major first world cities, the price of monthly living in Oslo is still higher.

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