Iceland vs Norway: Median income per year (after tax)
Iceland
44,381 international-$ in 2021 prices
in 2017
Norway
44,846 international-$ in 2021 prices
in 2022
Iceland rank
4th
Norway rank
3rd
Median income per year (after tax) over time
- Iceland
- Norway
How they compare
Norway currently reports 44,846 international-$ in 2021 prices against 44,381 international-$ in 2021 prices in Iceland, a difference of 465 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 3rd 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 | 38,253 international-$ in 2021 prices | 36,074 international-$ in 2021 prices | 2,179 international-$ in 2021 prices | Iceland |
| 2010s | 36,811 international-$ in 2021 prices | 42,439 international-$ in 2021 prices | 5,628 international-$ in 2021 prices | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher median income per year (after tax), Iceland or Norway?
- Norway, at 44,846 international-$ in 2021 prices against 44,381 international-$ in 2021 prices in Iceland as of 2022.
- What is the difference in median income per year (after tax) between Iceland and Norway?
- 465 international-$ in 2021 prices, with Norway 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 income per year (after tax)?
- Iceland ranks 4th and Norway ranks 3rd of 47 countries.
- Where does this data come from?
- Luxembourg Income Study (2026) β with minor processing by Our World in Data, published as Median income per year (after tax). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Value of income per year below which 50% of the population live.