Iceland vs Madagascar - Cost of Living Comparison

Updated:

Livingcost

Iceland Madagascar
🚶 Cost of living one person
$2685
$478
👨‍👩‍👧‍👦 Cost of living Family
$5605
$1392
🏠 One person rent
$1593
$187
🏘️ Family rent
$2495
$442
🍽️ Food expenses
$794
$171
🚐 Transport expenses
$85.7
$57.6
💳 Monthly salary after tax
$3865
$134
💸 GDP per capita
$78811
$529
😃 Human freedom index
8.73
6.36
❤️ Life expectancy
82.2
65.2
👮 Corruption perceptions index
72
25
🌐 English speaking %
98%
18%
🎓 Higher education
81
37
😀 Quality of life
92
18
🏙️ Population
364K
25.6M

The average cost of living in Iceland ($2685) is 462% more expensive than in Madagascar ($478). Iceland ranked 5th vs 189th for Madagascar in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 1.4 months in Iceland compared to 0.3 months in Madagascar. Ranked 11th and 171st best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Madagascar infographic

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Prices in Iceland vs Madagascar

We calculate prices for Iceland and Madagascar as a population-weighted mean of 5 and 4 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Iceland Madagascar
Eating Out
🍱 Lunch Menu
$22.1
$2.82
🥂 Dinner in a Restaurant, for 2
$115
$16.7
🥪 Fast food meal, equiv. McDonald's
$18.3
$4.35
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.4
$0.96
 Cappuccino
$5.1
$1.06
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.95
$1.03
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1639
$285
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1432
$65.8
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2535
$524
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2304
$307
🔌 Utility Bill one person, electricity, heating, water, etc.
$46.2
$25.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$71.2
$39.1
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$73.9
$52.4
🏦 Mortgage Interest Rate for 20 Years
7.22%
14.94%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5677
$779
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4632
$489
Transportation
🚌 Local transport ticket
$4.47
$0.16
🎟️ Monthly ticket local transport
$74.2
$8
🚕 Taxi Ride, 8 km or 5 mi
$24.9
$11.2
 Gas / Petrol, 1 L or 0.26 gal
$2.28
$1.23
Groceries
🥛 Milk, 1 L or 1 qt
$1.67
$0.92
🍞 Bread, 0.5 kg or 1.1 lb
$3.6
$1
🍚 Rice, 1 kg or 2.2 lb
$3.11
$0.71
🥚 Eggs, x12
$5.77
$1.89
🧀 Cheese, 1 kg or 2.2 lb
$15.4
$9.44
🐔 Chicken Breast, 1 kg or 2.2 lb
$19.7
$4.66
🥩 Round Steak, 1 kg or 2.2 lb
$33.9
$4.39
🍏 Apples, 1 kg or 2.2 lb
$2.88
$1.21
🍌 Banana, 1 kg or 2.2 lb
$2.31
$0.6
🍊 Oranges, 1 kg or 2.2 lb
$2.69
$0.94
🍅 Tomato, 1 kg or 2.2 lb
$4.65
$0.75
🥔 Potato, 1 kg or 2.2 lb
$2.99
$0.58
🧅 Onion, 1 kg or 2.2 lb
$1.84
$0.76
🌊 Water, 1 L or 1 qt
$1.28
$0.38
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$0.78
🍾 Wine (mid-priced), 750 mL bottle
$21.3
$4.48
🍺 Beer, 0.5 L or 16 fl oz
$3.27
$0.69
🚬 Cigarette pack
$12
$3
💊 Cold medicince, 1 week
$11.6
$1.92
🧴 Hair Shampoo
$5.35
$2.47
🧻 Toilet paper, 4 rolls
$4.7
$0.62
👄 Toothpaste, 1 tube
$3.32
$0.81
Other
🏋️ Gym Membership, 1 month
$67.9
$36.3
🎫 Cinema Ticket, 1 person
$14.9
$6.61
👩‍⚕️ Doctor's visit
$84.3
$12.1
💇 Haircut, simple
$47.3
$2.31
👖 Brand Jeans
$113
$18.6
👟 Brand Sneakers
$152
$92.6
👶 Daycare or Preschool, 1 month
$257
$131
🏫 International Primary School, 1 year
$6163
$11485

Cost of living in other countries

Cost of living

More countries to compare

Cost of Living in Popular cities

In Iceland

City Cost of living Population
Reykjavik
$2915
140K
Kopavogur
$2371
39.8K
Hafnarfjorur
$2602
30.6K
Akureyri
$2300
19.9K
Keflavik
$2091
15.9K

In Madagascar

City Cost of living Population
Antananarivo
$519
1.28M
Antsirabe
$348
265K
Toamasina
$457
225K
Toliara
$403
169K