Cost of living comparison

Reykjavik, Iceland

compared to

Malabo, Equatorial Guinea

Malabo vs. Reykjavik Cost of Living Summary

Malabo is 39.2% cheaper than Reykjavik.

Restaurants: pay 42.9% less in Malabo
Groceries: pay 17.3% more in Malabo
Transportation: pay 55.0% less in Malabo
Housing: pay 70.6% less in Malabo
Childcare: pay 84.3% less in Malabo
Entertainment and Sports: pay 46.7% less in Malabo
Clothing: pay 7.9% more in Malabo

The cost of groceries and clothing in Malabo are more expensive than in Reykjavik. Expenses including childcare, housing, transportation, entertainment and sports, and restaurants are lower in Malabo.

Malabo vs. Reykjavik Cost Breakdown

If you lived in Malabo instead of Reykjavik, you would:

Display currency: USD

pay 42.9% less for restaurants

	Reykjavik	Malabo
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,689	$13.07 FCFA7,854	-34.6%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,423	$12.25 FCFA7,363	-32.0%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK424	$1.23 FCFA736	-61.1%
Bottle of water (11 fl. oz)	$2.19 ISK294	$1.23 FCFA736	-43.9%
Average			-42.9%

Reykjavik vs. Malabo - Cost of restaurants

Improve prices · Change currency (USD)

pay 17.3% more for groceries

	Reykjavik	Malabo
Bread 1 loaf	$3.61 ISK485	$3.24 FCFA1,948	-10.2%
Local cheese (8 oz)	$7.76 ISK1,043	$3.37 FCFA2,023	-56.6%
Milk (1 gallon)	$6.40 ISK861	$9.69 FCFA5,822	+51.3%
Eggs 1 dozen	$5.76 ISK774	$2.94 FCFA1,767	-48.9%
Boneless chicken breast (1 lb)	$9.45 ISK1,270	$3.10 FCFA1,862	-67.2%
Apples (1 lb)	$1.40 ISK189	$2.22 FCFA1,336	+58.6%
Bananas (1 lb)	$1.01 ISK136	$1.48 FCFA891	+46.9%
Oranges (1 lb)	$1.22 ISK164	$2.22 FCFA1,336	+82.6%
Tomatoes (1 lb)	$2.22 ISK299	$1.48 FCFA891	-33.4%
Potatoes (1 lb)	$1.43 ISK193	$1.85 FCFA1,113	+29.2%
Onions (1 lb)	$0.93 ISK126	$2.22 FCFA1,336	+138.1%
Average			+17.3%

Reykjavik vs. Malabo - Cost of groceries

Improve prices · Change currency (USD)

pay 55.0% less for transportation

	Reykjavik	Malabo
Gasoline (1 gallon)	$8.50 ISK1,143	$3.09 FCFA1,858	-63.6%
Monthly public transit pass	$74.95 ISK10,078	$26.38 FCFA15,851	-64.8%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,707,888	$33,034.81 FCFA19,850,147	-22.2%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,234	$7.35 FCFA4,418	-69.4%
Average			-55.0%

Reykjavik vs. Malabo - Cost of transportation

Improve prices · Change currency (USD)

pay 70.6% less for housing

	Reykjavik	Malabo
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,394	$16.34 FCFA9,818	-76.6%
1-Bedroom apartment in downtown area	$1,971.17 ISK265,044	$204.24 FCFA122,723	-89.6%
1-Bedroom apartment outside city center	$1,803.44 ISK242,491	$114.37 FCFA68,725	-93.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,255	$41.86 FCFA25,151	-22.4%
Average			-70.6%

Reykjavik vs. Malabo - Cost of housing

Improve prices · Change currency (USD)

pay 84.3% less for childcare

	Reykjavik	Malabo
Private preschool for 1 child, monthly	$252.14 ISK33,903	$65.36 FCFA39,271	-74.1%
Middle school for 1 child, two semesters	$5,993.99 ISK805,952	$326.78 FCFA196,356	-94.5%
Average			-84.3%

Reykjavik vs. Malabo - Cost of childcare

Improve prices · Change currency (USD)

pay 46.7% less for entertainment and sports

	Reykjavik	Malabo
Domestic/local beer (1 pint)	$10.81 ISK1,454	$1.63 FCFA982	-84.9%
Cappuccino in mid-range area	$5.31 ISK713	$5.72 FCFA3,436	+7.8%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,646	$4.52 FCFA2,715	-63.1%
Monthly membership at local gym	$69.95 ISK9,405	$49.02 FCFA29,453	-29.9%
Movie ticket to theater/cinema	$14.77 ISK1,987	$5.39 FCFA3,236	-63.5%
Average			-46.7%

Reykjavik vs. Malabo - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 7.9% more for clothing

	Reykjavik	Malabo
Regular jeans Levi's brand	$108.97 ISK14,652	$24.51 FCFA14,727	-77.5%
Regular dress from H&M or similar store	$49.72 ISK6,685	$102.12 FCFA61,361	+105.4%
Running shoes Nike or Adidas	$151.85 ISK20,418	$245.08 FCFA147,267	+61.4%
Men's business shoes (leather)	$194.16 ISK26,106	$81.69 FCFA49,089	-57.9%
Average			+7.9%

Reykjavik vs. Malabo - Cost of clothing

Improve prices · Change currency (USD)

The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: March 2025

More cost comparisons

Reykjavik vs.

Manila

Reykjavik vs.

Hong Kong

Reykjavik vs.

Cairo

Reykjavik vs.

London

Reykjavik vs.

Athens

Reykjavik vs.

Kiev

Reykjavik vs.

Quito

Reykjavik vs.

Ottawa

Share this

Compare countries by overall cost of living

See the cost of living in Iceland vs. Equatorial Guinea. This provides a comparison of the average cost of living from cities within Iceland and Equatorial Guinea.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Reykjavik

Add prices for Malabo

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Malabo or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.