Cost of Living Comparison Between Iceland and Malta 
| Indices Difference |  |
|---|---|
| Cost of Living in Malta is 39.8% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in Malta is 40.9% lower than in Iceland | |
| Rent Prices in Malta are 43.7% lower than in Iceland | |
| Restaurant Prices in Malta are 38.5% lower than in Iceland | |
| Groceries Prices in Malta are 44.9% lower than in Iceland | |
| Local Purchasing Power in Malta is 38.3% lower than in Iceland | |
Restaurants | Iceland Edit |
Malta Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (20.21 €) |
2,185.55 kr (15.00 €) |
-25.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,764.00 kr (115.06 €) |
10,199.23 kr (70.00 €) |
-39.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,445.00 kr (16.78 €) |
1,457.03 kr (10.00 €) |
-40.4 % |
| Domestic Beer (1 pint draught) |
1,450.00 kr (9.95 €) |
517.25 kr (3.55 €) |
-64.3 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (8.24 €) |
582.81 kr (4.00 €) |
-51.4 % |
| Cappuccino (regular) |
702.66 kr (4.82 €) |
348.56 kr (2.39 €) |
-50.4 % |
| Coke/Pepsi (12 oz small bottle) |
413.60 kr (2.84 €) |
310.65 kr (2.13 €) |
-24.9 % |
| Water (12 oz small bottle) |
306.99 kr (2.11 €) |
208.78 kr (1.43 €) |
-32.0 % |
Markets | Iceland Edit |
Malta Edit | |
| Milk (regular), (1 gallon) |
870.77 kr (5.98 €) |
613.72 kr (4.21 €) |
-29.5 % |
| Loaf of Fresh White Bread (1 lb) |
435.71 kr (2.99 €) |
153.45 kr (1.05 €) |
-64.8 % |
| Rice (white), (1 lb) |
192.36 kr (1.32 €) |
197.07 kr (1.35 €) |
+2.4 % |
| Eggs (regular) (12) |
796.63 kr (5.47 €) |
451.03 kr (3.10 €) |
-43.4 % |
| Local Cheese (1 lb) |
964.23 kr (6.62 €) |
581.18 kr (3.99 €) |
-39.7 % |
| Chicken Fillets (1 lb) |
1,248.62 kr (8.57 €) |
539.82 kr (3.70 €) |
-56.8 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,148.62 kr (14.75 €) |
957.06 kr (6.57 €) |
-55.5 % |
| Apples (1 lb) |
185.10 kr (1.27 €) |
180.70 kr (1.24 €) |
-2.4 % |
| Banana (1 lb) |
141.17 kr (0.97 €) |
119.74 kr (0.82 €) |
-15.2 % |
| Oranges (1 lb) |
166.45 kr (1.14 €) |
158.41 kr (1.09 €) |
-4.8 % |
| Tomato (1 lb) |
288.94 kr (1.98 €) |
190.26 kr (1.31 €) |
-34.2 % |
| Potato (1 lb) |
200.11 kr (1.37 €) |
110.22 kr (0.76 €) |
-44.9 % |
| Onion (1 lb) |
118.91 kr (0.82 €) |
120.96 kr (0.83 €) |
+1.7 % |
| Lettuce (1 head) |
423.18 kr (2.90 €) |
237.63 kr (1.63 €) |
-43.8 % |
| Water (1.5 liter bottle) |
290.61 kr (1.99 €) |
113.53 kr (0.78 €) |
-60.9 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (20.59 €) |
947.07 kr (6.50 €) |
-68.4 % |
| Domestic Beer (0.5 liter bottle) |
445.32 kr (3.06 €) |
222.82 kr (1.53 €) |
-50.0 % |
| Imported Beer (12 oz small bottle) |
376.38 kr (2.58 €) |
350.87 kr (2.41 €) |
-6.8 % |
| Cigarettes 20 Pack (Marlboro) |
1,679.00 kr (11.52 €) |
845.08 kr (5.80 €) |
-49.7 % |
Transportation | Iceland Edit |
Malta Edit | |
| One-way Ticket (Local Transport) |
630.00 kr (4.32 €) |
291.41 kr (2.00 €) |
-53.7 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (71.38 €) |
0.00 kr (0.00 €) |
-100.0 % |
| Taxi Start (Normal Tariff) |
755.00 kr (5.18 €) |
728.52 kr (5.00 €) |
-3.5 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.58 €) |
527.60 kr (3.62 €) |
+1.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (72.89 €) |
5,099.61 kr (35.00 €) |
-52.0 % |
| Gasoline (1 gallon) |
1,174.95 kr (8.06 €) |
739.62 kr (5.08 €) |
-37.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (39,738.30 €) |
3,496,878.38 kr (24,000.00 €) |
-39.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,242,111.11 kr (42,841.26 €) |
3,990,812.45 kr (27,390.00 €) |
-36.1 % |
Utilities (Monthly) | Iceland Edit |
Malta Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
12,514.62 kr (85.89 €) |
13,264.79 kr (91.04 €) |
+6.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,466.00 kr (23.79 €) |
3,518.76 kr (24.15 €) |
+1.5 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,746.88 kr (66.90 €) |
4,467.00 kr (30.66 €) |
-54.2 % |
Sports And Leisure | Iceland Edit |
Malta Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,550.97 kr (65.55 €) |
8,300.32 kr (56.97 €) |
-13.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,681.67 kr (32.13 €) |
3,230.59 kr (22.17 €) |
-31.0 % |
| Cinema, International Release, 1 Seat |
2,045.00 kr (14.04 €) |
1,355.04 kr (9.30 €) |
-33.7 % |
Childcare | Iceland Edit |
Malta Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
38,053.75 kr (261.17 €) |
70,994.85 kr (487.26 €) |
+86.6 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (5,327.61 €) |
1,212,774.25 kr (8,323.59 €) |
+56.2 % |
Clothing And Shoes | Iceland Edit |
Malta Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
16,287.33 kr (111.78 €) |
13,060.03 kr (89.63 €) |
-19.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,892.50 kr (54.17 €) |
5,460.62 kr (37.48 €) |
-30.8 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,548.10 kr (147.89 €) |
12,402.47 kr (85.12 €) |
-42.4 % |
| 1 Pair of Men Leather Business Shoes |
27,271.36 kr (187.17 €) |
14,721.23 kr (101.04 €) |
-46.0 % |
Rent Per Month | Iceland Edit |
Malta Edit | |
| Apartment (1 bedroom) in City Centre |
262,676.47 kr (1,802.82 €) |
139,257.48 kr (955.76 €) |
-47.0 % |
| Apartment (1 bedroom) Outside of Centre |
235,882.35 kr (1,618.92 €) |
116,502.62 kr (799.59 €) |
-50.6 % |
| Apartment (3 bedrooms) in City Centre |
371,187.50 kr (2,547.56 €) |
236,390.99 kr (1,622.41 €) |
-36.3 % |
| Apartment (3 bedrooms) Outside of Centre |
330,454.55 kr (2,268.00 €) |
183,550.58 kr (1,259.76 €) |
-44.5 % |
Buy Apartment Price | Iceland Edit |
Malta Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
77,674.37 kr (533.10 €) |
50,829.23 kr (348.85 €) |
-34.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
63,629.83 kr (436.71 €) |
38,516.63 kr (264.35 €) |
-39.5 % |
Salaries And Financing | Iceland Edit |
Malta Edit | |
| Average Monthly Net Salary (After Tax) |
588,740.41 kr (4,040.68 €) |
214,650.59 kr (1,473.20 €) |
-63.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.16 | 4.69 | -42.5 % |
| Last update: | November 2024 | November 2024 | |
| Contributors in the past 12 months: | 254 | 325 |
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