Cost of Living Comparison Between Iceland and Malta 
| Indices Difference |  |
|---|---|
| Cost of Living in Malta is 42.3% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in Malta is 43.4% lower than in Iceland | |
| Rent Prices in Malta are 45.9% lower than in Iceland | |
| Restaurant Prices in Malta are 40.9% lower than in Iceland | |
| Groceries Prices in Malta are 47.0% lower than in Iceland | |
| Local Purchasing Power in Malta is 30.3% lower than in Iceland | |
Restaurants | Iceland Edit |
Malta Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,100.00 kr (21.48 €) |
2,164.42 kr (15.00 €) |
-30.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,500.00 kr (121.28 €) |
10,467.37 kr (72.54 €) |
-40.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (17.33 €) |
1,442.94 kr (10.00 €) |
-42.3 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.40 €) |
505.03 kr (3.50 €) |
-66.3 % |
| Imported Beer (12 oz small bottle) |
1,300.00 kr (9.01 €) |
577.18 kr (4.00 €) |
-55.6 % |
| Cappuccino (regular) |
750.49 kr (5.20 €) |
349.09 kr (2.42 €) |
-53.5 % |
| Coke/Pepsi (12 oz small bottle) |
409.22 kr (2.84 €) |
311.72 kr (2.16 €) |
-23.8 % |
| Water (12 oz small bottle) |
327.63 kr (2.27 €) |
205.08 kr (1.42 €) |
-37.4 % |
Markets | Iceland Edit |
Malta Edit | |
| Milk (regular), (1 gallon) |
876.70 kr (6.08 €) |
624.67 kr (4.33 €) |
-28.7 % |
| Loaf of Fresh White Bread (1 lb) |
456.11 kr (3.16 €) |
150.31 kr (1.04 €) |
-67.0 % |
| Rice (white), (1 lb) |
198.51 kr (1.38 €) |
200.31 kr (1.39 €) |
+0.9 % |
| Eggs (regular) (12) |
811.62 kr (5.62 €) |
457.50 kr (3.17 €) |
-43.6 % |
| Local Cheese (1 lb) |
1,029.73 kr (7.14 €) |
597.81 kr (4.14 €) |
-41.9 % |
| Chicken Fillets (1 lb) |
1,350.40 kr (9.36 €) |
541.31 kr (3.75 €) |
-59.9 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,326.81 kr (16.13 €) |
963.85 kr (6.68 €) |
-58.6 % |
| Apples (1 lb) |
175.18 kr (1.21 €) |
176.48 kr (1.22 €) |
+0.7 % |
| Banana (1 lb) |
139.94 kr (0.97 €) |
118.90 kr (0.82 €) |
-15.0 % |
| Oranges (1 lb) |
163.99 kr (1.14 €) |
152.65 kr (1.06 €) |
-6.9 % |
| Tomato (1 lb) |
286.79 kr (1.99 €) |
187.58 kr (1.30 €) |
-34.6 % |
| Potato (1 lb) |
203.14 kr (1.41 €) |
113.36 kr (0.79 €) |
-44.2 % |
| Onion (1 lb) |
126.29 kr (0.88 €) |
114.87 kr (0.80 €) |
-9.0 % |
| Lettuce (1 head) |
402.25 kr (2.79 €) |
231.18 kr (1.60 €) |
-42.5 % |
| Water (1.5 liter bottle) |
280.71 kr (1.95 €) |
114.24 kr (0.79 €) |
-59.3 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (20.79 €) |
1,010.06 kr (7.00 €) |
-66.3 % |
| Domestic Beer (0.5 liter bottle) |
462.58 kr (3.21 €) |
220.75 kr (1.53 €) |
-52.3 % |
| Imported Beer (12 oz small bottle) |
389.06 kr (2.70 €) |
306.19 kr (2.12 €) |
-21.3 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (11.95 €) |
836.91 kr (5.80 €) |
-51.5 % |
Transportation | Iceland Edit |
Malta Edit | |
| One-way Ticket (Local Transport) |
650.00 kr (4.50 €) |
288.59 kr (2.00 €) |
-55.6 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (72.07 €) |
0.00 kr (0.00 €) |
-100.0 % |
| Taxi Start (Normal Tariff) |
790.00 kr (5.47 €) |
721.47 kr (5.00 €) |
-8.7 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.61 €) |
464.44 kr (3.22 €) |
-10.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (73.60 €) |
5,411.04 kr (37.50 €) |
-49.0 % |
| Gasoline (1 gallon) |
1,182.00 kr (8.19 €) |
732.17 kr (5.07 €) |
-38.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (40,819.31 €) |
3,463,066.81 kr (24,000.00 €) |
-41.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (46,201.82 €) |
4,215,290.75 kr (29,213.12 €) |
-36.8 % |
Utilities (Monthly) | Iceland Edit |
Malta Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (75.71 €) |
13,012.14 kr (90.18 €) |
+19.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,427.78 kr (23.76 €) |
3,456.12 kr (23.95 €) |
+0.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,268.20 kr (71.16 €) |
4,459.90 kr (30.91 €) |
-56.6 % |
Sports And Leisure | Iceland Edit |
Malta Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,068.26 kr (69.78 €) |
8,260.67 kr (57.25 €) |
-18.0 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,816.67 kr (33.38 €) |
3,035.16 kr (21.03 €) |
-37.0 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (15.18 €) |
1,341.94 kr (9.30 €) |
-38.7 % |
Childcare | Iceland Edit |
Malta Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (294.37 €) |
68,481.86 kr (474.60 €) |
+61.2 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (25,948.99 €) |
1,327,569.09 kr (9,200.42 €) |
-64.5 % |
Clothing And Shoes | Iceland Edit |
Malta Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,356.84 kr (120.29 €) |
12,800.97 kr (88.71 €) |
-26.2 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,436.25 kr (51.54 €) |
5,787.79 kr (40.11 €) |
-22.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,895.00 kr (151.74 €) |
12,688.00 kr (87.93 €) |
-42.1 % |
| 1 Pair of Men Leather Business Shoes |
29,685.94 kr (205.73 €) |
14,165.41 kr (98.17 €) |
-52.3 % |
Rent Per Month | Iceland Edit |
Malta Edit | |
| Apartment (1 bedroom) in City Centre |
277,291.67 kr (1,921.71 €) |
141,185.98 kr (978.46 €) |
-49.1 % |
| Apartment (1 bedroom) Outside of Centre |
249,310.34 kr (1,727.79 €) |
116,870.21 kr (809.94 €) |
-53.1 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (2,730.26 €) |
238,741.73 kr (1,654.55 €) |
-39.4 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (2,342.95 €) |
184,679.30 kr (1,279.88 €) |
-45.4 % |
Buy Apartment Price | Iceland Edit |
Malta Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (593.35 €) |
48,010.78 kr (332.73 €) |
-43.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,898.79 kr (505.21 €) |
37,740.18 kr (261.55 €) |
-48.2 % |
Salaries And Financing | Iceland Edit |
Malta Edit | |
| Average Monthly Net Salary (After Tax) |
551,416.93 kr (3,821.47 €) |
217,614.85 kr (1,508.13 €) |
-60.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.76 | 4.70 | -51.9 % |
| Last update: | March 2025 | April 2025 | |
| Contributors in the past 12 months: | 143 | 194 |
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