Cost of living comparison
Malta is 12.9% cheaper than Iceland.
If you lived in Malta instead of Iceland, you would:
pay 25.4% less for restaurants
|
Iceland
|
Malta
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,682
|
$15.69
€14.43
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,261
|
$9.54
€8.77
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK372
|
$2.17
€1.99
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK269
|
$1.56
€1.43
|
|
pay 24.8% less for groceries
|
Iceland
|
Malta
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK434
|
$1.22
€1.12
|
|
| Local cheese (8 oz) |
$6.72
ISK923
|
$4.45
€4.10
|
|
| Milk (1 gallon) |
$6.27
ISK862
|
$4.41
€4.05
|
|
|
Eggs
1 dozen
|
$6.03
ISK829
|
$3.04
€2.80
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,045
|
$3.80
€3.49
|
|
| Apples (1 lb) |
$1.13
ISK155
|
$1.30
€1.19
|
|
| Bananas (1 lb) |
$1.01
ISK139
|
$0.88
€0.81
|
|
| Oranges (1 lb) |
$1.15
ISK159
|
$1.16
€1.07
|
|
| Tomatoes (1 lb) |
$1.71
ISK235
|
$1.31
€1.20
|
|
| Potatoes (1 lb) |
$1.13
ISK155
|
$0.60
€0.55
|
|
| Onions (1 lb) |
$0.68
ISK94
|
$0.82
€0.75
|
|
pay 28.1% less for transportation
|
Iceland
|
Malta
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,157
|
$5.50
€5.06
|
|
| Monthly public transit pass |
$68.29
ISK9,387
|
$24.16
€22.22
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,458,784
|
$25,882.44
€23,801.05
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,193
|
$28.28
€26.00
|
|
pay 28.4% less for housing
|
Iceland
|
Malta
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,236
|
$33.50
€30.81
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK208,778
|
$934.95
€859.77
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK182,187
|
$777.27
€714.76
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,208
|
$81.34
€74.80
|
|
pay 87.0% more for childcare
|
Iceland
|
Malta
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK35,045
|
$578.94
€532.38
|
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK823,851
|
$8,806.22
€8,098.05
|
|
pay 37.7% less for entertainment and sports
|
Iceland
|
Malta
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,288
|
$3.56
€3.28
|
|
| Cappuccino in mid-range area |
$4.61
ISK634
|
$2.50
€2.30
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,542
|
$5.96
€5.48
|
|
| Monthly membership at local gym |
$60.00
ISK8,247
|
$55.37
€50.92
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,916
|
$10.33
€9.50
|
|
pay 33.0% less for clothing
|
Iceland
|
Malta
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,877
|
$89.42
€82.23
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,210
|
$39.06
€35.92
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,197
|
$86.34
€79.39
|
|
| Men's business shoes (leather) |
$169.24
ISK23,262
|
$103.92
€95.56
|
|
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