Cost of living comparison
Madagascar is 49.6% cheaper than Iceland.
If you lived in Madagascar instead of Iceland, you would:
pay 71.5% less for restaurants
|
Iceland
|
Madagascar
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,682
|
$3.28
MGA15,105
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,261
|
$4.52
MGA20,833
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK372
|
$0.97
MGA4,485
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK269
|
$0.66
MGA3,021
|
|
pay 55.7% less for groceries
|
Iceland
|
Madagascar
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK434
|
$0.96
MGA4,417
|
|
| Local cheese (8 oz) |
$6.72
ISK923
|
$5.06
MGA23,313
|
|
| Milk (1 gallon) |
$6.27
ISK862
|
$3.72
MGA17,134
|
|
|
Eggs
1 dozen
|
$6.03
ISK829
|
$2.04
MGA9,392
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,045
|
$2.70
MGA12,419
|
|
| Apples (1 lb) |
$1.13
ISK155
|
$0.74
MGA3,406
|
|
| Bananas (1 lb) |
$1.01
ISK139
|
$0.34
MGA1,556
|
|
| Oranges (1 lb) |
$1.15
ISK159
|
$0.58
MGA2,658
|
|
| Tomatoes (1 lb) |
$1.71
ISK235
|
$0.38
MGA1,752
|
|
| Potatoes (1 lb) |
$1.13
ISK155
|
$0.28
MGA1,280
|
|
| Onions (1 lb) |
$0.68
ISK94
|
$0.39
MGA1,784
|
|
pay 53.6% less for transportation
|
Iceland
|
Madagascar
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,157
|
$4.51
MGA20,751
|
|
| Monthly public transit pass |
$68.29
ISK9,387
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,458,784
|
$14,708.95
MGA67,721,725
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,193
|
$11.31
MGA52,094
|
|
pay 60.1% less for housing
|
Iceland
|
Madagascar
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,236
|
$62.29
MGA286,799
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK208,778
|
$299.81
MGA1,380,356
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK182,187
|
$109.21
MGA502,838
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,208
|
$32.30
MGA148,722
|
|
pay 25.9% more for childcare
|
Iceland
|
Madagascar
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK35,045
|
$135.77
MGA625,124
|
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK823,851
|
$11,892.46
MGA54,754,273
|
|
pay 67.2% less for entertainment and sports
|
Iceland
|
Madagascar
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,288
|
$0.91
MGA4,167
|
|
| Cappuccino in mid-range area |
$4.61
ISK634
|
$1.19
MGA5,480
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,542
|
$2.59
MGA11,928
|
|
| Monthly membership at local gym |
$60.00
ISK8,247
|
$33.94
MGA156,260
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,916
|
$6.79
MGA31,250
|
|
pay 65.0% less for clothing
|
Iceland
|
Madagascar
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,877
|
$18.59
MGA85,602
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,210
|
$18.48
MGA85,080
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,197
|
$79.19
MGA364,603
|
|
| Men's business shoes (leather) |
$169.24
ISK23,262
|
$64.20
MGA295,596
|
|
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