Cost of living comparison
Iceland is 3.0 times more expensive than Malaysia.
If you lived in Iceland instead of Malaysia, you would:
pay 5.0 times more for restaurants
|
Malaysia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$2.98
MYR13.31
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$4.23
MYR18.90
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.68
MYR3.03
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.38
MYR1.71
|
$2.02
ISK278
|
|
pay 2.2 times more for groceries
|
Malaysia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.91
MYR4.08
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$7.65
MYR34.20
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$6.39
MYR28.56
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$1.97
MYR8.81
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$1.83
MYR8.18
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$1.17
MYR5.24
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.57
MYR2.55
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$1.21
MYR5.43
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.63
MYR2.83
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.43
MYR1.93
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.51
MYR2.28
|
$0.78
ISK108
|
|
pay 3.4 times more for transportation
|
Malaysia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$1.77
MYR7.92
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$15.69
MYR70.13
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$34,330.57
MYR153,474.84
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$6.94
MYR31.01
|
$22.04
ISK3,033
|
|
pay 4.3 times more for housing
|
Malaysia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$26.31
MYR117.64
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$322.80
MYR1,443.09
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$212.35
MYR949.31
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$33.00
MYR147.52
|
$58.01
ISK7,986
|
|
pay 24.1% more for childcare
|
Malaysia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$163.68
MYR731.72
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$6,626.64
MYR29,624.39
|
$5,993.99
ISK825,073
|
|
pay 2.5 times more for entertainment and sports
|
Malaysia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.66
MYR16.35
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$2.54
MYR11.35
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.07
MYR18.18
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$36.32
MYR162.38
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$4.00
MYR17.87
|
$14.35
ISK1,975
|
|
pay 2.4 times more for clothing
|
Malaysia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.15
MYR237.60
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$30.13
MYR134.68
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$65.18
MYR291.37
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$57.93
MYR259.00
|
$184.49
ISK25,396
|
|
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