Iceland vs Norway: Mean and median income before social transfers (pensions included in)
Iceland
29,452 Euro
in 2020
Norway
32,327 Euro
in 2025
Iceland rank
6th
Norway rank
3rd
Mean and median income before social transfers (pensions included in) over time
- Iceland
- Norway
How they compare
Norway currently reports 32,327 Euro against 29,452 Euro in Iceland, a difference of 2,875 Euro.
That makes Norway's figure about 1.1 times Iceland's.
The two have swapped places 4 times across 17 shared years of data; in 2004 it was Norway ahead.
Iceland ranks 6th and Norway ranks 3rd of 47 countries.
Across the 3 decades both report, Iceland averaged higher in 1 and Norway in 2.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 25,151 Euro | 23,794 Euro | 1,357 Euro | Iceland |
| 2010s | 22,461 Euro | 30,063 Euro | 7,601 Euro | Norway |
| 2020s | 29,452 Euro | 30,609 Euro | 1,157 Euro | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher mean and median income before social transfers (pensions included in), Iceland or Norway?
- Norway, at 32,327 Euro against 29,452 Euro in Iceland as of 2025.
- What is the difference in mean and median income before social transfers (pensions included in) between Iceland and Norway?
- 2,875 Euro, with Norway ahead.
- How many years of comparable data are there for Iceland and Norway?
- 17 years are reported by both, from 2004 to 2020.
- How do Iceland and Norway rank globally for mean and median income before social transfers (pensions included in)?
- Iceland ranks 6th and Norway ranks 3rd of 47 countries.
- Where does this data come from?
- Eurostat, published as Mean and median income before social transfers (pensions included in social transfers) by age and sex. Statizoid refreshes it automatically from the source and publishes the full history for both places.