Iceland vs Norway: Mean and median income by ability to make ends meet
Iceland
31,071 Euro
in 2020
Norway
34,801 Euro
in 2025
Iceland rank
5th
Norway rank
3rd
Mean and median income by ability to make ends meet over time
- Iceland
- Norway
How they compare
Norway currently reports 34,801 Euro against 31,071 Euro in Iceland, a difference of 3,730 Euro.
That makes Norway's figure about 1.1 times Iceland's.
The two have swapped places 3 times across 17 shared years of data; in 2004 it was Norway ahead.
Iceland ranks 5th and Norway ranks 3rd of 47 countries.
Across the 3 decades both report, Iceland averaged higher in 2 and Norway in 1.
Head to head by decade
| Decade | Iceland | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 24,045 Euro | 23,887 Euro | 157.83 Euro | Iceland |
| 2010s | 24,363 Euro | 29,374 Euro | 5,011 Euro | Norway |
| 2020s | 31,071 Euro | 29,202 Euro | 1,869 Euro | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher mean and median income by ability to make ends meet, Iceland or Norway?
- Norway, at 34,801 Euro against 31,071 Euro in Iceland as of 2025.
- What is the difference in mean and median income by ability to make ends meet between Iceland and Norway?
- 3,730 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 by ability to make ends meet?
- Iceland ranks 5th and Norway ranks 3rd of 47 countries.
- Where does this data come from?
- Eurostat, published as Mean and median income by ability to make ends meet. Statizoid refreshes it automatically from the source and publishes the full history for both places.