Oslo · NOK · very high cost city

Savings rate in Oslo — are you on track?

Oslo is a very high cost city. Oslo median rent is approximately 13,500 kr/month, reflecting Norway's high overall cost of living. Oslo's very high income levels partially offset elevated costs — mid-income earners achieve savings rates comparable to Stockholm.

Median rent

13,500 kr/mo

Oslo 2022

Typical other costs

14,000 kr/mo

excl. housing

Savings benchmark

9–22%

mid-income NOK

Pre-set for Oslo — adjust to your situation

Country
650,000kr
200,000kr1,350,000kr2,500,000+kr
13,500kr/mo
0kr20,000kr40,000+kr

Food, transport, subscriptions, going out — everything except rent

13,000kr/mo
0kr17,500kr35,000+kr

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What a good savings rate looks like in Oslo

Using data from Statistics Norway (SSB) HBS 2022, people at mid-range incomes in Norway typically save between 9–22% of gross income. In a very high cost city like Oslo, housing costs can compress that meaningfully — especially for renters.

Minimum
9%
floor — not building
Expected
15%
benchmark
Strong
29%
top tier

Source: Statistics Norway (SSB) HBS 2022. Benchmarks shown for mid-income earners in Norway.

See full cost breakdown for Oslo →

Compare nearby cities

StockholmLondon

Also in the Verdict suite

SalaryVerdict — Is your Oslo salary competitive?SpendVerdict — Is your Oslo rent too high?