Cost of Living Comparison Between Malta and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 73.4% higher than in Malta (excluding rent) | |
| Cost of Living Including Rent in Iceland is 76.6% higher than in Malta | |
| Rent Prices in Iceland are 84.7% higher than in Malta | |
| Restaurant Prices in Iceland are 69.3% higher than in Malta | |
| Groceries Prices in Iceland are 88.7% higher than in Malta | |
| Local Purchasing Power in Iceland is 43.5% higher than in Malta | |
Restaurants | Malta Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
15.00 € (2,164.42 kr) |
21.48 € (3,100.00 kr) |
+43.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
72.54 € (10,467.37 kr) |
121.28 € (17,500.00 kr) |
+67.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
10.00 € (1,442.94 kr) |
17.33 € (2,500.00 kr) |
+73.3 % |
| Domestic Beer (1 pint draught) |
3.50 € (505.03 kr) |
10.40 € (1,500.00 kr) |
+197.0 % |
| Imported Beer (12 oz small bottle) |
4.00 € (577.18 kr) |
9.01 € (1,300.00 kr) |
+125.2 % |
| Cappuccino (regular) |
2.42 € (349.09 kr) |
5.20 € (750.49 kr) |
+115.0 % |
| Coke/Pepsi (12 oz small bottle) |
2.16 € (311.72 kr) |
2.84 € (409.22 kr) |
+31.3 % |
| Water (12 oz small bottle) |
1.42 € (205.08 kr) |
2.27 € (327.63 kr) |
+59.8 % |
Markets | Malta Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
4.33 € (624.67 kr) |
6.08 € (876.70 kr) |
+40.3 % |
| Loaf of Fresh White Bread (1 lb) |
1.04 € (150.31 kr) |
3.16 € (456.11 kr) |
+203.4 % |
| Rice (white), (1 lb) |
1.39 € (200.31 kr) |
1.38 € (198.51 kr) |
-0.9 % |
| Eggs (regular) (12) |
3.17 € (457.50 kr) |
5.62 € (811.62 kr) |
+77.4 % |
| Local Cheese (1 lb) |
4.14 € (597.81 kr) |
7.14 € (1,029.73 kr) |
+72.2 % |
| Chicken Fillets (1 lb) |
3.75 € (541.31 kr) |
9.36 € (1,350.40 kr) |
+149.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
6.68 € (963.85 kr) |
16.13 € (2,326.81 kr) |
+141.4 % |
| Apples (1 lb) |
1.22 € (176.48 kr) |
1.21 € (175.18 kr) |
-0.7 % |
| Banana (1 lb) |
0.82 € (118.90 kr) |
0.97 € (139.94 kr) |
+17.7 % |
| Oranges (1 lb) |
1.06 € (152.65 kr) |
1.14 € (163.99 kr) |
+7.4 % |
| Tomato (1 lb) |
1.30 € (187.58 kr) |
1.99 € (286.79 kr) |
+52.9 % |
| Potato (1 lb) |
0.79 € (113.36 kr) |
1.41 € (203.14 kr) |
+79.2 % |
| Onion (1 lb) |
0.80 € (114.87 kr) |
0.88 € (126.29 kr) |
+9.9 % |
| Lettuce (1 head) |
1.60 € (231.18 kr) |
2.79 € (402.25 kr) |
+74.0 % |
| Water (1.5 liter bottle) |
0.79 € (114.24 kr) |
1.95 € (280.71 kr) |
+145.7 % |
| Bottle of Wine (Mid-Range) |
7.00 € (1,010.06 kr) |
20.79 € (3,000.00 kr) |
+197.0 % |
| Domestic Beer (0.5 liter bottle) |
1.53 € (220.75 kr) |
3.21 € (462.58 kr) |
+109.5 % |
| Imported Beer (12 oz small bottle) |
2.12 € (306.19 kr) |
2.70 € (389.06 kr) |
+27.1 % |
| Cigarettes 20 Pack (Marlboro) |
5.80 € (836.91 kr) |
11.95 € (1,725.00 kr) |
+106.1 % |
Transportation | Malta Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
2.00 € (288.59 kr) |
4.50 € (650.00 kr) |
+125.2 % |
| Monthly Pass (Regular Price) |
0.00 € (0.00 kr) |
72.07 € (10,400.00 kr) |
|
| Taxi Start (Normal Tariff) |
5.00 € (721.47 kr) |
5.47 € (790.00 kr) |
+9.5 % |
| Taxi 1 mile (Normal Tariff) |
3.22 € (464.44 kr) |
3.61 € (521.43 kr) |
+12.3 % |
| Taxi 1hour Waiting (Normal Tariff) |
37.50 € (5,411.04 kr) |
73.60 € (10,620.00 kr) |
+96.3 % |
| Gasoline (1 gallon) |
5.07 € (732.17 kr) |
8.19 € (1,182.00 kr) |
+61.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
24,000.00 € (3,463,066.81 kr) |
40,819.31 € (5,890,000.00 kr) |
+70.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
29,213.12 € (4,215,290.75 kr) |
46,201.82 € (6,666,666.67 kr) |
+58.2 % |
Utilities (Monthly) | Malta Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
90.18 € (13,012.14 kr) |
75.71 € (10,924.64 kr) |
-16.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
23.95 € (3,456.12 kr) |
23.76 € (3,427.78 kr) |
-0.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
30.91 € (4,459.90 kr) |
71.16 € (10,268.20 kr) |
+130.2 % |
Sports And Leisure | Malta Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
57.25 € (8,260.67 kr) |
69.78 € (10,068.26 kr) |
+21.9 % |
| Tennis Court Rent (1 Hour on Weekend) |
21.03 € (3,035.16 kr) |
33.38 € (4,816.67 kr) |
+58.7 % |
| Cinema, International Release, 1 Seat |
9.30 € (1,341.94 kr) |
15.18 € (2,190.00 kr) |
+63.2 % |
Childcare | Malta Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
474.60 € (68,481.86 kr) |
294.37 € (42,475.25 kr) |
-38.0 % |
| International Primary School, Yearly for 1 Child |
9,200.42 € (1,327,569.09 kr) |
25,948.99 € (3,744,295.00 kr) |
+182.0 % |
Clothing And Shoes | Malta Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
88.71 € (12,800.97 kr) |
120.29 € (17,356.84 kr) |
+35.6 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
40.11 € (5,787.79 kr) |
51.54 € (7,436.25 kr) |
+28.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
87.93 € (12,688.00 kr) |
151.74 € (21,895.00 kr) |
+72.6 % |
| 1 Pair of Men Leather Business Shoes |
98.17 € (14,165.41 kr) |
205.73 € (29,685.94 kr) |
+109.6 % |
Rent Per Month | Malta Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
978.46 € (141,185.98 kr) |
1,921.71 € (277,291.67 kr) |
+96.4 % |
| Apartment (1 bedroom) Outside of Centre |
809.94 € (116,870.21 kr) |
1,727.79 € (249,310.34 kr) |
+113.3 % |
| Apartment (3 bedrooms) in City Centre |
1,654.55 € (238,741.73 kr) |
2,730.26 € (393,961.54 kr) |
+65.0 % |
| Apartment (3 bedrooms) Outside of Centre |
1,279.88 € (184,679.30 kr) |
2,342.95 € (338,074.07 kr) |
+83.1 % |
Buy Apartment Price | Malta Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
332.73 € (48,010.78 kr) |
593.35 € (85,617.11 kr) |
+78.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
261.55 € (37,740.18 kr) |
505.21 € (72,898.79 kr) |
+93.2 % |
Salaries And Financing | Malta Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
1,508.13 € (217,614.85 kr) |
3,821.47 € (551,416.93 kr) |
+153.4 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.70 | 9.76 | +107.9 % |
| Last update: | April 2025 | March 2025 | |
| Contributors in the past 12 months: | 194 | 143 |
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