The biggest problem is that the government’s housing strategy focuses on building more affordable homes than high-end properties. Norway’s housing market is very tight there simply isn’t enough space for everyone to live. The average monthly rent for a two-bedroom apartment was at NOK 17,500 (around US$1,950.00) last year – and this figure has increased by nearly 30% since 2011. The cost of living in Norway is high because rents are expensive.
While the cost of living in Norway is high, it’s worth noting that salaries are also higher than average. For example, a pack of cigarettes is much more expensive in Norway – at around US$15 for one group. Norway also has one of the highest effective tax on gasoline in Europe, at around US$2.85 per gallon.Ī recent study by Statistics Norway revealed that prices for goods and services were about 17% higher than average E.U. Petrol prices in the Nordic region are among the highest in Europe because taxes on petrol are considerably high – around 60% more expensive per liter than oil-producing nations like Saudi Arabia or Kuwait. This is why Sweden, Denmark, and Norway have seen their living costs increase higher than many other European countries. When a product’s global demand goes up, its price increases too since producers can charge more for it. The cost of living in Norway is high because goods and services are expensive.Ĭertain items, such as groceries, electricity bills, and petrol prices, tend to be higher than in other countries because the price for these commodities on international markets has increased substantially over the years. What are some other examples of things that cost more in Norway than elsewhere?.What do people who live in Norway think about why it's so expensive?.What are some reasons why Norway costs more than other countries?.How much does a bag of chips cost in Norway?.
Some Examples of Food and Drinks Prices in Norway.Some Examples of Goods and Services Prices in Norway.The cost of living in Norway is high because rents are expensive.The cost of living in Norway is high because goods and services are expensive.
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