Average and minimum salary in Oslo, Norway: this post brings information regarding income and economic conditions in Oslo, the capital of Norway
Are you considering a job offer in Oslo or willing to relocate to Norway? Check below the figures for the average and minimum salary in Oslo, Norway and understand why this is one of the best cities to live as an expat.
Norway is one of the wealthiest countries in the world, attracting qualified workforce to the country on a constant basis. Its capital Oslo, offers a high quality of living and may be the ideal place for professionals seeking career growth.
Minimum Salary in Oslo, Norway
There is no official minimum salary in Norway, in a trend typical of Nordic economies like Sweden. However, minimum wages are determined by collective agreements in most economic sectors. The average minimum salary in Norway for sectors with an agreement is of around 170 NOK per hour, or approximately 21 USD.
More information on the minimum wages in Norway per economic sector are available on the Arbeidstilsynet website.
Average Salary in Oslo, Norway
The average salary in Oslo, Norway is currently around 280000 NOK per month after taxes. That is around 3500 USD per month, and one of the highest average salaries for European capitals.
It is important to remember that the cost of living is also extremely high in Norway. For that reason, the purchasing power in Oslo is slightly inferior to other Nordic capitals like Stockholm or Helsinki.
Norway Economic Outlook
Norway has a high standard of living and also has a high worker productivity in most sectors. Its economy is very developed and Norway has a global leading role in a number of economic niches. However, the Norwegian economy is still highly focused in the oil sector. Crude oil and petroleum products account for most of Norway’s exports.
Despite recent fluctuations on the crude oil price, the Norwegian economy keeps a steady sustainable position in the European region. It continues to have a lower than average public debt for the European Economic Area. Norway is managing to maintain a decent GDP growth over the past years, even if the numbers are not so impressive.
There are many employment positions available in Norway for foreigners. Most of these jobs are in the oil, shipping and fishing industries. It is considerably easier to land a job in Norway if you are an EEA citizen. If you are not an EEA citizen but you have skills which are in shortage, you may get a work permit in Norway.
If you visiting the Norwegian capital anytime soon, check our guide on where to stay in Oslo.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world. It might be a good option if you going for a long travel.
CheapOair: this is one of my favorite websites for buying airline tickets for flights for any destination in the world. One of the best advantages of CheapOair is that it also accepts PayPal.
Booking.com: Booking.com is the best choice for finding accommodation for your next trip. It offers a wide variety of accommodation options for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world. Travel always in the most comfortable way with optimal prices to enhance your travel experience.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries. It also covers about remote work and TEFL jobs.