Cost of living comparison
Iceland is 4.1 times more expensive than Madagascar.
If you lived in Iceland instead of Madagascar, you would:
pay 4.2 times more for restaurants
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$2.90
MGA13,534
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$4.30
MGA20,050
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.92
MGA4,294
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.65
MGA3,035
|
$2.02
ISK278
|
|
pay 2.9 times more for groceries
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.92
MGA4,288
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$5.17
MGA24,119
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$3.71
MGA17,307
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$1.80
MGA8,421
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$2.51
MGA11,709
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$0.64
MGA2,994
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.32
MGA1,483
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.55
MGA2,558
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.34
MGA1,573
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.28
MGA1,319
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.37
MGA1,717
|
$0.78
ISK108
|
|
pay 2.4 times more for transportation
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.28
MGA19,970
|
$8.36
ISK1,151
|
|
| Monthly public transit pass | ?? |
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$11,817.99
MGA55,137,006
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$12.46
MGA58,144
|
$22.04
ISK3,033
|
|
pay 8.4 times more for housing
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$58.38
MGA272,391
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$241.73
MGA1,127,802
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$65.00
MGA303,279
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$35.96
MGA167,786
|
$58.01
ISK7,986
|
|
pay 70.5% more for childcare
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$89.71
MGA418,540
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$11,292.35
MGA52,684,620
|
$5,993.99
ISK825,073
|
|
pay 4.6 times more for entertainment and sports
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.91
MGA4,261
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$1.13
MGA5,280
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.46
MGA11,479
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$30.89
MGA144,108
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$6.45
MGA30,075
|
$14.35
ISK1,975
|
|
pay 4.2 times more for clothing
|
Madagascar
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$14.15
MGA66,028
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$15.67
MGA73,098
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$71.98
MGA335,834
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$57.39
MGA267,749
|
$184.49
ISK25,396
|
|
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