Cost of living comparison
Iceland is 3.7 times more expensive than Malawi.
If you lived in Iceland instead of Malawi, you would:
pay 3.6 times more for restaurants
|
Malawi
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.32
MWK7,517.07
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.04
MWK15,730.71
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.87
MWK1,516.56
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.43
MWK752.93
|
$2.02
ISK278
|
|
pay 98.8% more for groceries
|
Malawi
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.36
MWK2,373.87
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$4.82
MWK8,381.11
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$4.51
MWK7,850.76
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$2.31
MWK4,011.81
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$1.93
MWK3,349.47
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$1.03
MWK1,799.85
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.81
MWK1,408.31
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$1.12
MWK1,945.88
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.53
MWK916.86
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.72
MWK1,251.80
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.59
MWK1,019.77
|
$0.78
ISK108
|
|
pay 5.0 times more for transportation
|
Malawi
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.19
MWK10,763.22
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$4.32
MWK7,516.81
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,669.17
MWK62,036,520.02
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$20.40
MWK35,484.15
|
$22.04
ISK3,033
|
|
pay 6.5 times more for housing
|
Malawi
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$186.12
MWK323,711.96
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$202.19
MWK351,645.78
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$98.76
MWK171,770.38
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$41.29
MWK71,805.30
|
$58.01
ISK7,986
|
|
pay 2.4 times more for childcare
|
Malawi
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$354.75
MWK616,994.98
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$1,467.81
MWK2,552,844.18
|
$5,993.99
ISK825,073
|
|
pay 4.4 times more for entertainment and sports
|
Malawi
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.12
MWK1,946.93
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$2.91
MWK5,066.22
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.59
MWK2,759.34
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$51.33
MWK89,279.59
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$3.95
MWK6,870.89
|
$14.35
ISK1,975
|
|
pay 2.3 times more for clothing
|
Malawi
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.22
MWK78,654.49
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$34.94
MWK60,773.55
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$59.17
MWK102,912.24
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$70.71
MWK122,971.76
|
$184.49
ISK25,396
|
|
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