Cost of living comparison
Malawi is 41.4% cheaper than Iceland.
If you lived in Malawi instead of Iceland, you would:
pay 68.0% less for restaurants
|
Iceland
|
Malawi
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,699
|
$4.32
MWK7,464.37
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,357
|
$9.04
MWK15,620.43
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK391
|
$0.87
MWK1,505.93
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK281
|
$0.43
MWK747.65
|
|
pay 38.8% less for groceries
|
Iceland
|
Malawi
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK411
|
$1.36
MWK2,357.22
|
|
| Local cheese (8 oz) |
$7.27
ISK1,011
|
$4.82
MWK8,322.35
|
|
| Milk (1 gallon) |
$6.01
ISK836
|
$4.51
MWK7,795.72
|
|
|
Eggs
1 dozen
|
$5.42
ISK754
|
$2.31
MWK3,983.69
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,184
|
$1.93
MWK3,325.99
|
|
| Apples (1 lb) |
$1.22
ISK170
|
$1.03
MWK1,787.23
|
|
| Bananas (1 lb) |
$1.03
ISK143
|
$0.81
MWK1,398.44
|
|
| Oranges (1 lb) |
$1.17
ISK163
|
$1.12
MWK1,932.24
|
|
| Tomatoes (1 lb) |
$1.87
ISK261
|
$0.53
MWK910.43
|
|
| Potatoes (1 lb) |
$1.23
ISK172
|
$0.72
MWK1,243.02
|
|
| Onions (1 lb) |
$0.78
ISK109
|
$0.59
MWK1,012.62
|
|
pay 34.9% less for transportation
|
Iceland
|
Malawi
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,163
|
$6.19
MWK10,687.76
|
|
| Monthly public transit pass |
$71.28
ISK9,917
|
$4.32
MWK7,464.11
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,657,118
|
$35,669.17
MWK61,601,594.06
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,066
|
$20.40
MWK35,235.38
|
|
pay 13.3% less for housing
|
Iceland
|
Malawi
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,042
|
$186.12
MWK321,442.48
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK255,726
|
$202.19
MWK349,180.46
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK208,385
|
$98.76
MWK170,566.13
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,072
|
$41.29
MWK71,301.88
|
|
pay 19.1% less for childcare
|
Iceland
|
Malawi
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,918
|
$354.75
MWK612,669.34
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK833,944
|
$1,467.81
MWK2,534,946.69
|
|
pay 60.1% less for entertainment and sports
|
Iceland
|
Malawi
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,278
|
$1.12
MWK1,933.29
|
|
| Cappuccino in mid-range area |
$4.65
ISK647
|
$2.91
MWK5,030.70
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,636
|
$1.59
MWK2,739.99
|
|
| Monthly membership at local gym |
$61.46
ISK8,551
|
$51.33
MWK88,653.67
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,996
|
$3.95
MWK6,822.72
|
|
pay 55.6% less for clothing
|
Iceland
|
Malawi
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,476
|
$45.22
MWK78,103.06
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,305
|
$34.94
MWK60,347.48
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,591
|
$59.17
MWK102,190.74
|
|
| Men's business shoes (leather) |
$184.49
ISK25,669
|
$70.71
MWK122,109.63
|
|
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