What is the difference in median and mean income (after tax) between Iceland and Norway?

261 international-$ in 2021 prices, with Iceland ahead.

How many years of comparable data are there for Iceland and Norway?

5 years are reported by both, from 2004 to 2016.

Where does this data come from?

Luxembourg Income Study (2026) – with minor processing by Our World in Data, published as Median and mean income (after tax). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Iceland vs Norway: Median and mean income (after tax)

Iceland

48,777 international-$ in 2021 prices

in 2017

Norway

48,516 international-$ in 2021 prices

in 2022

Iceland rank

4th

Norway rank

5th

Median and mean income (after tax) over time

Iceland
Norway

How they compare

Iceland currently reports 48,777 international-$ in 2021 prices against 48,516 international-$ in 2021 prices in Norway, a difference of 261 international-$ in 2021 prices.

The two have swapped places 1 time across 5 shared years of data; in 2004 it was Iceland ahead.

Iceland ranks 4th and Norway ranks 5th of 47 countries.

Across the 2 decades both report, Iceland averaged higher in 1 and Norway in 1.

Head to head by decade

Decade	Iceland	Norway	Difference	Ahead
2000s	43,963 international-$ in 2021 prices	39,055 international-$ in 2021 prices	4,908 international-$ in 2021 prices	Iceland
2010s	40,952 international-$ in 2021 prices	45,633 international-$ in 2021 prices	4,680 international-$ in 2021 prices	Norway

Averages of every year both report within each decade.

Frequently asked questions

Which has higher median and mean income (after tax), Iceland or Norway?: Iceland, at 48,777 international-$ in 2021 prices against 48,516 international-$ in 2021 prices in Norway as of 2017.
What is the difference in median and mean income (after tax) between Iceland and Norway?: 261 international-$ in 2021 prices, with Iceland ahead.
How many years of comparable data are there for Iceland and Norway?: 5 years are reported by both, from 2004 to 2016.
How do Iceland and Norway rank globally for median and mean income (after tax)?: Iceland ranks 4th and Norway ranks 5th of 47 countries.
Where does this data come from?: Luxembourg Income Study (2026) – with minor processing by Our World in Data, published as Median and mean income (after tax). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Norway: Median and mean income (after tax). Statizoid, drawing on Luxembourg Income Study (2026) – with minor processing by Our World in Data. Retrieved 12 September 2026, from https://economy.statizoid.com/compare/median-and-mean-income-after-tax-lis/iceland/norway/

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About this data

Indicator: Median and mean income (after tax)
Unit: international-$ in 2021 prices
Source: Luxembourg Income Study (2026) – with minor processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 47 places, 1,030 data points, 1963–2024
Last refreshed: 27 August 2026

Average income per year of the population.