Iceland vs Malta - Cost of Living Comparison

Updated:

Livingcost

Iceland Malta
🚶 Cost of living one person
$3200
$1726
👨‍👩‍👧‍👦 Cost of living Family
$6660
$3922
🏠 One person rent
$1957
$1022
🏘️ Family rent
$2883
$1782
🍽️ Food expenses
$907
$528
🚐 Transport expenses
$97.3
$61.8
💳 Monthly salary after tax
$4630
$1974
💸 GDP per capita
$86041
$43899
😃 Human freedom index
8.76
8.56
❤️ Life expectancy
82.6
83.5
👮 Corruption perceptions index
77
49
🌐 English speaking %
98%
88.3%
🎓 Higher education
81
76
😀 Quality of life
94
82
🏙️ Population
387K
569K

The average cost of living in Iceland ($3200) is 85% more expensive than in Malta ($1726). Iceland ranked 4th vs 29th 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 1.1 months in Malta. Ranked 11th and 33rd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Share this infographic!

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
$27.8
$19.5
🥂 Dinner in a Restaurant, for 2
$103
$82.6
🥪 Fast food meal, equiv. McDonald's
$20.3
$12.4
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$11.6
$4.21
 Cappuccino
$5.87
$2.86
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.21
$2.46
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$2048
$1130
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1758
$899
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3226
$2149
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2583
$1711
🔌 Utility Bill one person, electricity, heating, water, etc.
$55
$63.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$84.8
$97.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$87.6
$36.5
🏦 Mortgage Interest Rate for 20 Years
8.83%
3.83%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7289
$4575
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6333
$3350
Transportation
🚌 Local transport ticket
$5.04
$2.65
🎟️ Monthly ticket local transport
$83
$26.9
🚕 Taxi Ride, 8 km or 5 mi
$29
$24.3
 Gas / Petrol, 1 L or 0.26 gal
$2.51
$1.59
Groceries
🥛 Milk, 1 L or 1 qt
$2
$1.35
🍞 Bread, 0.5 kg or 1.1 lb
$4.25
$1.27
🍚 Rice, 1 kg or 2.2 lb
$3.42
$3.82
🥚 Eggs, x12
$6.9
$3.65
🧀 Cheese, 1 kg or 2.2 lb
$19.6
$9.69
🐔 Chicken Breast, 1 kg or 2.2 lb
$25.7
$8.11
🥩 Round Steak, 1 kg or 2.2 lb
$44.8
$15
🍏 Apples, 1 kg or 2.2 lb
$3.4
$3.49
🍌 Banana, 1 kg or 2.2 lb
$2.65
$2.3
🍊 Oranges, 1 kg or 2.2 lb
$3.28
$3.11
🍅 Tomato, 1 kg or 2.2 lb
$5.58
$3.1
🥔 Potato, 1 kg or 2.2 lb
$3.46
$1.94
🧅 Onion, 1 kg or 2.2 lb
$2.09
$2.15
🌊 Water, 1 L or 1 qt
$1.26
$0.77
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.02
$2.13
🍾 Wine (mid-priced), 750 mL bottle
$23.3
$7.83
🍺 Beer, 0.5 L or 16 fl oz
$3.95
$1.71
🚬 Cigarette pack
$14
$6.85
💊 Cold medicince, 1 week
$12.7
$8.12
🧴 Hair Shampoo
$5.91
$4.81
🧻 Toilet paper, 4 rolls
$5.24
$2.42
👄 Toothpaste, 1 tube
$3.64
$2.64
Other
🏋️ Gym Membership, 1 month
$88.2
$67.1
🎫 Cinema Ticket, 1 person
$17.9
$11
👩‍⚕️ Doctor's visit
$93.5
$20
💇 Haircut, simple
$46.2
$12
👖 Brand Jeans
$139
$83.1
👟 Brand Sneakers
$169
$104
👶 Daycare or Preschool, 1 month
$406
$492
🏫 International Primary School, 1 year
$30488
$9433

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
$3322
139K
Kopavogur
$3219
40K
Hafnarfjorur
$3212
31.5K
Akureyri
$2974
20.1K
Keflavik
$2621
23.3K

In Malta

City Cost of living Population
St. Paul's Bay
$1568
40.2K
Birkirkara
$1783
24.4K
Mosta
$1739
25.5K
Naxxar
$1688
18.1K
Marsaskala
$1512
15.6K
Sliema
$2130
16.9K
San Gwann
$1749
16.1K
Zabbar
$1715
18K
Gzira
$1857
8.03K
Valletta
$1810
6.44K