Cost of Living Comparison Between Iceland and Malaysia 
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| Indices Difference |  |
|---|---|
| Cost of Living in Malaysia is 66.4% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in Malaysia is 71.0% lower than in Iceland | |
| Rent Prices in Malaysia are 82.2% lower than in Iceland | |
| Restaurant Prices in Malaysia are 77.7% lower than in Iceland | |
| Groceries Prices in Malaysia are 61.0% lower than in Iceland | |
| Local Purchasing Power in Malaysia is 25.2% lower than in Iceland | |
Restaurants | Iceland Edit |
Malaysia Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (100.76 RM) |
446.60 kr (15.00 RM) |
-85.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
18,000.00 kr (604.57 RM) |
2,977.33 kr (100.00 RM) |
-83.5 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (83.97 RM) |
565.69 kr (19.00 RM) |
-77.4 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (50.38 RM) |
446.60 kr (15.00 RM) |
-70.2 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (43.66 RM) |
595.47 kr (20.00 RM) |
-54.2 % |
| Cappuccino (regular) |
749.67 kr (25.18 RM) |
350.50 kr (11.77 RM) |
-53.2 % |
| Coke/Pepsi (12 oz small bottle) |
413.44 kr (13.89 RM) |
96.51 kr (3.24 RM) |
-76.7 % |
| Water (12 oz small bottle) |
330.56 kr (11.10 RM) |
53.48 kr (1.80 RM) |
-83.8 % |
Markets | Iceland Edit |
Malaysia Edit | |
| Milk (regular), (1 gallon) |
876.70 kr (29.45 RM) |
856.22 kr (28.76 RM) |
-2.3 % |
| Loaf of Fresh White Bread (1 lb) |
461.85 kr (15.51 RM) |
108.12 kr (3.63 RM) |
-76.6 % |
| Rice (white), (1 lb) |
197.27 kr (6.63 RM) |
77.46 kr (2.60 RM) |
-60.7 % |
| Eggs (regular) (12) |
806.59 kr (27.09 RM) |
255.61 kr (8.59 RM) |
-68.3 % |
| Local Cheese (1 lb) |
1,016.48 kr (34.14 RM) |
789.72 kr (26.52 RM) |
-22.3 % |
| Chicken Fillets (1 lb) |
1,328.49 kr (44.62 RM) |
229.78 kr (7.72 RM) |
-82.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,382.84 kr (80.03 RM) |
476.52 kr (16.00 RM) |
-80.0 % |
| Apples (1 lb) |
174.20 kr (5.85 RM) |
159.90 kr (5.37 RM) |
-8.2 % |
| Banana (1 lb) |
139.94 kr (4.70 RM) |
83.42 kr (2.80 RM) |
-40.4 % |
| Oranges (1 lb) |
164.96 kr (5.54 RM) |
149.08 kr (5.01 RM) |
-9.6 % |
| Tomato (1 lb) |
294.68 kr (9.90 RM) |
85.07 kr (2.86 RM) |
-71.1 % |
| Potato (1 lb) |
205.46 kr (6.90 RM) |
60.66 kr (2.04 RM) |
-70.5 % |
| Onion (1 lb) |
126.38 kr (4.24 RM) |
68.94 kr (2.32 RM) |
-45.5 % |
| Lettuce (1 head) |
424.75 kr (14.27 RM) |
131.61 kr (4.42 RM) |
-69.0 % |
| Water (1.5 liter bottle) |
293.00 kr (9.84 RM) |
71.16 kr (2.39 RM) |
-75.7 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (100.76 RM) |
2,233.00 kr (75.00 RM) |
-25.6 % |
| Domestic Beer (0.5 liter bottle) |
459.45 kr (15.43 RM) |
360.41 kr (12.11 RM) |
-21.6 % |
| Imported Beer (12 oz small bottle) |
383.18 kr (12.87 RM) |
464.34 kr (15.60 RM) |
+21.2 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (57.94 RM) |
535.92 kr (18.00 RM) |
-68.9 % |
Transportation | Iceland Edit |
Malaysia Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (21.50 RM) |
89.32 kr (3.00 RM) |
-86.0 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (349.31 RM) |
1,488.67 kr (50.00 RM) |
-85.7 % |
| Taxi Start (Normal Tariff) |
790.00 kr (26.53 RM) |
148.87 kr (5.00 RM) |
-81.2 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (17.51 RM) |
179.68 kr (6.04 RM) |
-65.5 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (356.70 RM) |
595.47 kr (20.00 RM) |
-94.4 % |
| Gasoline (1 gallon) |
1,182.00 kr (39.70 RM) |
231.38 kr (7.77 RM) |
-80.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (197,828.14 RM) |
4,912,597.27 kr (165,000.00 RM) |
-16.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (223,914.14 RM) |
3,961,499.67 kr (133,055.37 RM) |
-40.6 % |
Utilities (Monthly) | Iceland Edit |
Malaysia Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (366.93 RM) |
6,324.00 kr (212.40 RM) |
-42.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 kr (115.13 RM) |
1,320.18 kr (44.34 RM) |
-61.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,263.65 kr (344.73 RM) |
3,392.37 kr (113.94 RM) |
-66.9 % |
Sports And Leisure | Iceland Edit |
Malaysia Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,002.92 kr (335.97 RM) |
4,639.99 kr (155.84 RM) |
-53.6 % |
| Tennis Court Rent (1 Hour on Weekend) |
5,271.43 kr (177.05 RM) |
839.61 kr (28.20 RM) |
-84.1 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (73.56 RM) |
595.47 kr (20.00 RM) |
-72.8 % |
Childcare | Iceland Edit |
Malaysia Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (1,426.62 RM) |
22,621.67 kr (759.80 RM) |
-46.7 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (125,760.09 RM) |
910,431.94 kr (30,578.79 RM) |
-75.7 % |
Clothing And Shoes | Iceland Edit |
Malaysia Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,778.42 kr (597.13 RM) |
7,537.45 kr (253.16 RM) |
-57.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,831.11 kr (263.02 RM) |
4,230.42 kr (142.09 RM) |
-46.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
22,042.86 kr (740.36 RM) |
9,503.23 kr (319.19 RM) |
-56.9 % |
| 1 Pair of Men Leather Business Shoes |
31,233.82 kr (1,049.05 RM) |
8,115.31 kr (272.57 RM) |
-74.0 % |
Rent Per Month | Iceland Edit |
Malaysia Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 kr (9,313.43 RM) |
48,585.51 kr (1,631.85 RM) |
-82.5 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 kr (8,373.62 RM) |
33,266.17 kr (1,117.31 RM) |
-86.7 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (13,232.03 RM) |
86,075.78 kr (2,891.04 RM) |
-78.2 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (11,354.93 RM) |
57,474.03 kr (1,930.39 RM) |
-83.0 % |
Buy Apartment Price | Iceland Edit |
Malaysia Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (2,875.63 RM) |
24,786.39 kr (832.50 RM) |
-71.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,524.16 kr (2,435.88 RM) |
13,951.14 kr (468.58 RM) |
-80.8 % |
Salaries And Financing | Iceland Edit |
Malaysia Edit | |
| Average Monthly Net Salary (After Tax) |
556,090.69 kr (18,677.49 RM) |
120,800.72 kr (4,057.35 RM) |
-78.3 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.72 | 4.19 | -56.9 % |
| Last update: | March 2025 | April 2025 | |
| Contributors in the past 12 months: | 143 | 509 |
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