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SOCIAL LIFE

How to have a fulfilling social life in Norway without breaking the bank

While everything in Norway is expensive, having an active social life and reasonable quality of life shouldn't break the bank.

Pictured are beach goers in Norway.
With our guide it shouldn't be a choice between making friends and affording to be able to afford the other essentials. Pictured are beach goers in Norway. Photo by Vidar Nordli-Mathisen on Unsplash

Tourists and residents alike find themselves exasperated with how much everything costs in Norway. Everything from a routine grocery shop to simple pleasures like a cup of coffee is more expensive than anywhere else in Europe.

A big part of feeling settled in new surroundings involves finding your feet socially and a new crowd to fit in with. For the most part, friends really do make everything better. However, given how pricey it is to go out to a restaurant or for a few drinks, the cost of making new memories and meeting new people can feel like an expensive barrier to a reasonable quality of life.

It doesn’t have to be like that, though, and we’ve laid out our tips for how you can still maintain a healthy social life without forcing yourself into bankruptcy.
Sacrificing nights out for nights in

Sacrifice a night out for a night in

There are many countries across Europe and the wider world where eating out and sharing a bottle of wine a couple of times a week is affordable and a key cultural pillar when it comes to socialising.

Therefore, nationals from these countries can find it difficult if their habit of eating good food, drinking good wine and sharing laughs and discussions over dinner is suddenly out of their financial reach.

Eating out in Norway is either a weekly, fortnightly or monthly treat that requires more planning and consideration for your budget than in other places.

However, it is still possible to maintain this lifestyle, albeit with a bit of compromise. What you could do is switch one of the meals out for inviting friends over.

While groceries in Norway are expensive, it’s very common for guests to offer to split the shopping bill with their host or cover dinner at theirs another time.

This will allow you to have at least one (depending on your cooking skills) high-quality meal with the company to match a week.

Embracing the great outdoors

Even in Oslo, there are quite a few locals whose social life revolves entirely around being outdoors and making the most of the surrounding nature at all times of the year.

Learning to love nature and being willing to take the occasional step into the unknown or trying a new activity for the first time could be a real boost to your quality of life.

Numerous clubs and social media groups are dedicated to connecting like-minded people interested in the same activities. Still, you may also already know someone who wouldn’t mind the extra company on their next hike or cross-country ski trip.

Not only that but Norwegians are only too happy to show somebody from another country the ropes to a hobby or activity, and you may find them more open or chatty than in other social settings.

Banding together with a group of fellow newbies is also another idea. Everyone will share the common ground of being a beginner or novice, which should lead to some laughs and bonding along the way.

However, we are sure you will be quick to point out that equipment in Norway costs an absolute fortune, but don’t worry, as we’ve got that covered.

Knowing where to get equipment for free or extremely cheap

Norwegians are often more proud of their sports or leisure equipment, be that a hammock, a bike, a set of skis, or a waterproof jacket, than they are gadgets and other trinkets.

Unfortunately, all this gear which most locals accumulate over a lifetime can cost eye-watering sums. Being fully equipped for alpine skiing can easily cost over 10,000 kroner before you even think about a lift pass.

Thankfully, there is no shortage of places where you can get cheap or completely free equipment. Most towns will have a BUA, a volunteer-run centre which rents out equipment for free or a small deposit to locals.

These centres will have everything from touring skis to tents and camping gear to crash helmets. These aren’t the only places to get some equipment on the lowdown. Listing sites like Finn.no often have good second-hand bargains, as do flea markets and Facebook buying and selling groups. With the flea markets, those run by sports clubs are best as the equipment being sold is often checked to make sure it is safe.

And finally, being able to borrow bits of kit from your growing list of friends and acquaintances should also help keep costs down.

Keep things simple

To Norwegians’ credit, they have a knack for keeping things simple. Often the company is just as important as the activity or event itself.

Therefore there’s no need to overcomplicate things with grand plans or the hassle of securing a place in the hottest spots in the city. Sometimes all you need is a few hot dogs to throw on a disposable grill in one of Norway’s many parks, forests and fields (rules on open fires permitting).

The added benefit to this is that it also keeps costs down too.

Join a club or group

Social media has connected the world in a way never seen before. Making the most of clubs or small communities is a great way to spread your wings and cut costs.

For example, suppose you are a member of a social media group for hiking and outdoor enthusiasts. In that case, you could enquire whether anyone would be willing to split the cost of a bucket list activity, like a road trip or a famous hike like Trolltunga.

This will divide the costs and help you meet new friends or solidify existing relationships. However, when planning such activities with strangers, always remember to exercise caution for safety reasons and because you aren’t guaranteed to like each other.

Traditional groups and clubs, such as for sports, culture or the performing arts, are also a great way to join a small community of like-minded people. While membership fees can be expensive upfront, they can be a cheap way to ensure you are socialising with others while doing something you like regularly.

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For members

MONEY

EXPLAINED: How wealthy is the ‘average’ Norwegian? 

Norway is known for its high wages and stable economy. New figures have revealed the wealth of the average resident in the Nordic country. 

EXPLAINED: How wealthy is the 'average' Norwegian? 

High salaries go hand in hand with the high cost of living in conversations about Norway.

However, other factors, such as high homeownership rates, indicate that there is plenty of disposable income for locals to save and invest in their futures. 

Previous studies have also suggested that Norwegians are the seventh wealthiest nationals in the world

Norway’s national data agency, Statistics Norway, has compiled its own set of figures indicating that the average Norwegian household has a net wealth of around 3.8 million kroner. 

Net wealth accounts for everything a person owns, including property, stocks, or cash, minus any debts or liabilities. 

The vast majority of this wealth was derived from the estimated value of property. This alone gives the average Norwegian an estimated wealth of 3.74 million kroner. 

READ ALSO: How much does an apartment in Norway cost?

The value of second homes was included, which skewed things as only around 10 percent of households owned a secondary residence. 

The average price of a home in Norway was 4.5 million kroner in March of this year, and house prices have increased substantially in recent years. 

Savings, cash, stocks and other capital accounted for 1.72 million kroner, giving Norwegians an average wealth of 5.46 million kroner. Average debts of 1.68 million kroner gave Norwegians an average net wealth of 3.8 million kroner.  

The figures from Statistics Norway were obtained using figures from tax returns for 2022, which were submitted in 2023.  

Those aged between 67 and 79 years old were the wealthiest generation in Norway on average. This is partly because they have more capital than most other groups and more expensive property. 

However, the most significant factor is the lower levels of debt. They had half the debt of the next richest group, those aged between 55 and 69. 

Younger age groups weren’t as wealthier as they had much higher debts and lower capital. 

Still, Norway’s wealthiest individuals significantly boosted the average. When using the median, the average Norwegian household had a net wealth of just under 2 million kroner. 

When the median was applied to capital, the figure was 339,300 kroner compared to the average of 1.76 million kroner. 

The large difference in capital was attributed to Norway’s wealthiest individuals significantly pulling up the average. 

“This is mainly due to large fortunes in shares and securities, where a few own very much. Shares and other securities and share savings accounts are assets with a median value equal to zero, which indicates that these are not important asset items for most households,” the report said. 

Money kept in the bank was still important for most residents of Norway, though. The median value of bank deposits in Norway was 215,000 kroner, compared to the average of 600,000. 

The gulf between the average value of property owned and the median was roughly 500,000, with the median being 3.25 million kroner. 

Furthermore, Norway’s median debt level was around 860,000 kroner compared to the average of 1.67 million kroner. Around 85 percent of Norwegian households were in some form of debt. 

Significant differences also exist between Norway’s wealthiest and poorest residents. Residents belonging to the country’s poorest ten percent had an average net wealth of almost minus 1 million kroner. 

Meanwhile, Norway’s wealthiest ten percent had a net wealth of 19 million kroner. The top 50 percent also owned considerably more than the bottom 50 percent. 

“Despite the former comprising 1.27 million households, while the latter comprises approximately 25,000 households, the bottom 50 percent own only 4 percent of the total net worth, while the top 1 percent owned as much as 22.3 percent in 2022,” the report read. 

There was also significant variation in wealth depending on household typeFor example, a single mother or father with a child aged between 6 and 17 had a net wealth of 2.24 million kroner, compared to a couple with children of the same age with an average net wealth of 5.12 million kroner. 

Typically, households with more than one person had more money as more than one wage earner likely lived at the address. 

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