Updated 25 October 2026
Quick answer: In Norway in 2026, there is no national minimum wage (pay floors are set by collective agreements); an average earner keeps 72% of their pay after income tax and social security; household electricity costs €0.199 per kWh; the state pension age is 67. The table below puts 7 everyday money measures for Norway side by side and ranks each one against the other countries in our data, using official figures from national statistics offices, central banks, the OECD and Eurostat.
Most comparisons of Norway look at one number at a time. This page gathers the figures that matter for working, buying a home, paying bills and retiring in Norway, so you can see them together and see how Norway compares. Each section links to our full guide for that topic, which covers every country and lists the original sources, and each dataset can be downloaded free.
Norway at a Glance
| Measure | Norway | Rank |
|---|---|---|
| Minimum wage | None by law (collective agreements) | — |
| Tax on an average wage | 28.1% (keeps 72%) | 12th highest of 38 |
| Electricity (household) | €0.199/kWh (≈ $0.22) | 9th lowest of 33 |
| State pension age | 67 | 6th highest of 39 |
| Pension (share of pay) | 54.9% of net pay | 20th lowest of 50 |
| Bank deposit protection | NOK 2 million per person, per bank | — |
| Inheritance tax (children) | None | — |
Rank compares Norway with the other countries in each dataset; "highest" means the largest value. "—" means the measure isn't ranked.
Minimum Wage in Norway (2026)
Norway has no statutory national minimum wage. Pay floors are set sector by sector in collective agreements between unions and employers, which cover most workers and are often higher than the legal minimums of neighbouring countries.
Full table for every country, with sources: Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars. Download the data (CSV).
Income Tax and Take-Home Pay in Norway
A single worker on the average wage in Norway (about $88,000 at purchasing-power parity) pays 28.1% of gross pay in income tax and employee social security, so they keep 72%. That is 12th highest of 38 countries, against an OECD average of 25.1%.
Income tax and employee social security take 28.1% of pay at the average wage, 23.5% at two-thirds of it and 35.1% at 1.67 times it. Including employer contributions, the total tax wedge is 36.4% of labour costs.
Full table for every country, with sources: Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries. Download the data (CSV).
Electricity Prices in Norway
Households in Norway pay about €0.199 per kWh of electricity (about $0.22), 9th cheapest of 33 countries. Change: +3.7% vs late 2025.
Typical household using 2,500–5,000 kWh a year, all taxes included, January–June 2026.
Full table for every country, with sources: Electricity Prices by Country 2026: What Households Pay per kWh, and What the Iran War Means for Bills. Download the data (CSV).
Retirement Age in Norway
The state pension age in Norway is 67 for people reaching it in 2026; the earliest you can claim is 62 (flexible). Future change: Linked to life expectancy from 2029.
Full table for every country, with sources: Retirement Age by Country 2026: State Pension Ages in 39 Countries. Download the data (CSV).
How Much the State Pension Pays in Norway
A full-career average earner in Norway can expect a mandatory pension worth about 54.9% of their previous net pay, 20th least generous of 50 countries (OECD average 63.2%). Low earner (half the average wage): 74%. High earner (twice the average): 37%.
Full table for every country, with sources: State Pension Amounts by Country 2026: How Much Retirees Actually Get. Download the data (CSV).
How Much of Your Money Is Protected in Norway
Bank deposits in Norway are protected up to NOK 2 million per depositor, per bank (about $213,900), under the Bankenes sikringsfond scheme. For banks in the Norwegian scheme. Money in payment apps and e-money wallets is usually not covered.
Full table for every country, with sources: Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected. Download the data (CSV).
Inheritance Tax in Norway
Norway has no inheritance tax for children. Abolished in 2014.
Full table for every country, with sources: Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays. Download the data (CSV).
Frequently Asked Questions
Does Norway have a minimum wage?
No. Norway has no national minimum wage set by law; minimum pay is agreed sector by sector in collective agreements.
How much tax do you pay in Norway?
On the average wage, income tax plus employee social security in Norway take 28.1% of gross pay, so a single worker keeps 72% (OECD average: 25.1%).
How much does electricity cost in Norway?
Household electricity in Norway costs about €0.199 per kWh (about $0.22), 9th cheapest of 33 countries.
What is the retirement age in Norway?
The state pension age in Norway is 67 in 2026, with the earliest claim at 62 (flexible). Legislated change: Linked to life expectancy from 2029.
How much is the state pension in Norway?
In Norway, mandatory pensions replace about 54.9% of an average earner's net pay after a full career, against an OECD average of 63.2%.
How much money is insured in a bank in Norway?
Deposits in Norway are insured up to NOK 2 million per person, per bank.
Is there inheritance tax in Norway?
No. Norway does not tax inheritances passed to children. Abolished in 2014.
Compare Norway With Other Countries
See every country side by side in Compare Countries 2026: Minimum Wage, Tax, Mortgage Rates, Energy and Pension Age in 35 Countries, or open a country page: Australia, Austria, Belgium, Brazil, Canada, China, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, India, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Mexico, the Netherlands, New Zealand, Poland, Portugal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, the United Kingdom, the United States.
Related Guides
- Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars
- Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries
- Electricity Prices by Country 2026: What Households Pay per kWh, and What the Iran War Means for Bills
- Retirement Age by Country 2026: State Pension Ages in 39 Countries
- State Pension Amounts by Country 2026: How Much Retirees Actually Get
- Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected
- Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays
- How Much Emergency Fund Do You Need? (With Calculator)
Figures checked against the official sources listed in each linked guide in October 2026. Exchange-rate conversions are approximate. This page is for information and isn't financial or legal advice.
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