Iceland vs Malta - Cost of Living Comparison

Updated:

Livingcost

Iceland Malta
🚶 Cost of living one person
$3155
$1647
👨‍👩‍👧‍👦 Cost of living Family
$6609
$3772
🏠 One person rent
$1927
$960
🏘️ Family rent
$2883
$1662
🍽️ Food expenses
$891
$511
🚐 Transport expenses
$96.3
$63.5
💳 Monthly salary after tax
$4513
$1788
💸 GDP per capita
$82704
$42347
😃 Human freedom index
8.8
8.48
❤️ Life expectancy
82.6
83.5
👮 Corruption perceptions index
77
46
🌐 English speaking %
98%
88.3%
🎓 Higher education
81
74
😀 Quality of life
92
80
🏙️ Population
405K
574K

The average cost of living in Iceland ($3155) is 92% more expensive than in Malta ($1647). Iceland ranked 5th vs 30th 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 8th and 32nd 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
$27.3
$18.1
🥂 Dinner in a Restaurant, for 2
$89.2
$82.6
🥪 Fast food meal, equiv. McDonald's
$20.5
$11.2
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$11.9
$4.04
 Cappuccino
$5.82
$2.74
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$3.07
$2.37
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$1987
$1020
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$1747
$830
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$3141
$1937
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$2620
$1534
🔌 Utility Bill one person, electricity, heating, water, etc.
$47.9
$57.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$74
$89.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$84.1
$34.6
🏦 Mortgage Interest Rate for 20 Years
9.53%
4.54%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$7396
$4176
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6445
$3137
Transportation
🚌 Local transport ticket
$4.95
$2.6
🎟️ Monthly ticket local transport
$83.3
$23.3
🚕 Taxi Ride, 8 km or 5 mi
$28.1
$28.3
 Gas / Petrol, 1 L or 0.26 gal
$2.55
$1.55
Groceries
🥛 Milk, 1 L or 1 qt
$2.04
$1.32
🍞 Bread, 0.5 kg or 1.1 lb
$4.27
$1.27
🍚 Rice, 1 kg or 2.2 lb
$3.4
$3.57
🥚 Eggs, x12
$6.7
$3.65
🧀 Cheese, 1 kg or 2.2 lb
$19.2
$9.55
🐔 Chicken Breast, 1 kg or 2.2 lb
$25
$7.8
🥩 Round Steak, 1 kg or 2.2 lb
$41.6
$13.8
🍏 Apples, 1 kg or 2.2 lb
$3.45
$3.37
🍌 Banana, 1 kg or 2.2 lb
$2.56
$2.22
🍊 Oranges, 1 kg or 2.2 lb
$3.24
$2.93
🍅 Tomato, 1 kg or 2.2 lb
$5.36
$3.14
🥔 Potato, 1 kg or 2.2 lb
$3.63
$2.01
🧅 Onion, 1 kg or 2.2 lb
$2.49
$2.25
🌊 Water, 1 L or 1 qt
$1.27
$0.7
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$3.03
$2.09
🍾 Wine (mid-priced), 750 mL bottle
$24.3
$7.09
🍺 Beer, 0.5 L or 16 fl oz
$3.79
$1.74
🚬 Cigarette pack
$13.6
$6.55
💊 Cold medicince, 1 week
$12.8
$8.1
🧴 Hair Shampoo
$5.87
$4.73
🧻 Toilet paper, 4 rolls
$5.21
$2.38
👄 Toothpaste, 1 tube
$3.65
$2.59
Other
🏋️ Gym Membership, 1 month
$83.7
$63.4
🎫 Cinema Ticket, 1 person
$17.5
$11.1
👩‍⚕️ Doctor's visit
$93.2
$20
💇 Haircut, simple
$46.2
$12
👖 Brand Jeans
$139
$83.2
👟 Brand Sneakers
$181
$102
👶 Daycare or Preschool, 1 month
$353
$585
🏫 International Primary School, 1 year
$30550
$8797

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
$3268
140K
Kopavogur
$3175
39.8K
Hafnarfjorur
$3148
30.6K
Akureyri
$2990
19.9K
Keflavik
$2596
23.3K

In Malta

City Cost of living Population
St. Paul's Bay
$1521
32K
Birkirkara
$1720
24.4K
Mosta
$1579
20.2K
Marsaskala
$1471
15.6K
Sliema
$1951
16.9K
Naxxar
$1666
13.4K
Zabbar
$1577
15.4K
San Gwann
$1697
12.5K
Gzira
$1739
8.03K
Valletta
$1770
6.44K