Iceland vs Malta - Cost of Living Comparison

Updated:

Livingcost

Iceland Malta
🚶 Cost of living one person
$2685
$1562
👨‍👩‍👧‍👦 Cost of living Family
$5605
$3599
🏠 One person rent
$1593
$900
🏘️ Family rent
$2495
$1537
🍽️ Food expenses
$794
$481
🚐 Transport expenses
$85.7
$69.5
💳 Monthly salary after tax
$3865
$1511
💸 GDP per capita
$78811
$37882
😃 Human freedom index
8.73
8.2
❤️ Life expectancy
82.2
82.7
👮 Corruption perceptions index
72
51
🌐 English speaking %
98%
88.3%
🎓 Higher education
81
74
😀 Quality of life
92
77
🏙️ Population
364K
553K

The average cost of living in Iceland ($2685) is 72% more expensive than in Malta ($1562). Iceland ranked 5th vs 32nd for Malta 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 1 months in Malta. Ranked 11th and 36th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Iceland vs Malta infographic

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Prices in Iceland vs Malta

We calculate prices for Iceland and Malta as a population-weighted mean of 5 and 10 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 Malta
Eating Out
🍱 Lunch Menu
$22.1
$16.1
🥂 Dinner in a Restaurant, for 2
$115
$74
🥪 Fast food meal, equiv. McDonald's
$18.3
$10.4
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$10.4
$3.55
 Cappuccino
$5.1
$2.59
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$2.95
$2.39
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1639
$933
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1432
$774
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$2535
$1727
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2304
$1331
🔌 Utility Bill one person, electricity, heating, water, etc.
$46.2
$60.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$71.2
$92.9
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$73.9
$33.1
🏦 Mortgage Interest Rate for 20 Years
7.22%
4.84%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5677
$3907
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$4632
$3022
Transportation
🚌 Local transport ticket
$4.47
$2.14
🎟️ Monthly ticket local transport
$74.2
$26.3
🚕 Taxi Ride, 8 km or 5 mi
$24.9
$32.4
 Gas / Petrol, 1 L or 0.26 gal
$2.28
$1.49
Groceries
🥛 Milk, 1 L or 1 qt
$1.67
$1.24
🍞 Bread, 0.5 kg or 1.1 lb
$3.6
$1.29
🍚 Rice, 1 kg or 2.2 lb
$3.11
$3.17
🥚 Eggs, x12
$5.77
$3.42
🧀 Cheese, 1 kg or 2.2 lb
$15.4
$9.4
🐔 Chicken Breast, 1 kg or 2.2 lb
$19.7
$8.27
🥩 Round Steak, 1 kg or 2.2 lb
$33.9
$16.3
🍏 Apples, 1 kg or 2.2 lb
$2.88
$3.1
🍌 Banana, 1 kg or 2.2 lb
$2.31
$2.08
🍊 Oranges, 1 kg or 2.2 lb
$2.69
$2.58
🍅 Tomato, 1 kg or 2.2 lb
$4.65
$3.13
🥔 Potato, 1 kg or 2.2 lb
$2.99
$1.72
🧅 Onion, 1 kg or 2.2 lb
$1.84
$1.96
🌊 Water, 1 L or 1 qt
$1.28
$0.64
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.74
$2.01
🍾 Wine (mid-priced), 750 mL bottle
$21.3
$7.96
🍺 Beer, 0.5 L or 16 fl oz
$3.27
$1.66
🚬 Cigarette pack
$12
$6.14
💊 Cold medicince, 1 week
$11.6
$8.12
🧴 Hair Shampoo
$5.35
$4.55
🧻 Toilet paper, 4 rolls
$4.7
$2.28
👄 Toothpaste, 1 tube
$3.32
$2.49
Other
🏋️ Gym Membership, 1 month
$67.9
$64.1
🎫 Cinema Ticket, 1 person
$14.9
$10.7
👩‍⚕️ Doctor's visit
$84.3
$19.1
💇 Haircut, simple
$47.3
$11.2
👖 Brand Jeans
$113
$93.1
👟 Brand Sneakers
$152
$96
👶 Daycare or Preschool, 1 month
$257
$648
🏫 International Primary School, 1 year
$6163
$9030

Cost of living in other countries

Cost of living

Cities Comparison in Iceland vs Malta

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 Malta

City Cost of living Population
Birkirkara
$1591
24.4K
Mosta
$1434
20.2K
St. Paul's Bay
$1649
32K
Sliema
$1771
16.9K
Marsaskala
$1341
15.6K
Zabbar
$1334
15.4K
San Gwann
$1643
12.5K
Naxxar
$1519
13.4K
Gzira
$1747
8.03K
Valletta
$1649
6.44K