Cost of Living Comparison Between Iceland and Malta 
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| Indices Difference |  |
|---|---|
| Cost of Living in Malta is 42.3% lower than in Iceland (excluding rent) | |
| Cost of Living Including Rent in Malta is 43.2% lower than in Iceland | |
| Rent Prices in Malta are 45.5% lower than in Iceland | |
| Restaurant Prices in Malta are 41.8% lower than in Iceland | |
| Groceries Prices in Malta are 46.6% lower than in Iceland | |
| Local Purchasing Power in Malta is 30.0% lower than in Iceland | |
Restaurants | Iceland Edit |
Malta Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,175.00 kr (21.77 €) |
2,187.46 kr (15.00 €) |
-31.1 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,500.00 kr (120.00 €) |
10,214.26 kr (70.04 €) |
-41.6 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,500.00 kr (17.14 €) |
1,458.31 kr (10.00 €) |
-41.7 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (10.29 €) |
510.41 kr (3.50 €) |
-66.0 % |
| Imported Beer (12 oz small bottle) |
1,289.15 kr (8.84 €) |
583.32 kr (4.00 €) |
-54.8 % |
| Cappuccino (regular) |
749.50 kr (5.14 €) |
352.09 kr (2.41 €) |
-53.0 % |
| Coke/Pepsi (12 oz small bottle) |
408.61 kr (2.80 €) |
313.45 kr (2.15 €) |
-23.3 % |
| Water (12 oz small bottle) |
327.03 kr (2.24 €) |
206.47 kr (1.42 €) |
-36.9 % |
Markets | Iceland Edit |
Malta Edit | |
| Milk (regular), (1 gallon) |
891.09 kr (6.11 €) |
631.72 kr (4.33 €) |
-29.1 % |
| Loaf of Fresh White Bread (1 lb) |
445.61 kr (3.06 €) |
152.54 kr (1.05 €) |
-65.8 % |
| Rice (white), (1 lb) |
197.27 kr (1.35 €) |
204.79 kr (1.40 €) |
+3.8 % |
| Eggs (regular) (12) |
818.07 kr (5.61 €) |
464.22 kr (3.18 €) |
-43.3 % |
| Local Cheese (1 lb) |
1,029.73 kr (7.06 €) |
611.28 kr (4.19 €) |
-40.6 % |
| Chicken Fillets (1 lb) |
1,350.80 kr (9.26 €) |
547.08 kr (3.75 €) |
-59.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
2,326.81 kr (15.96 €) |
974.12 kr (6.68 €) |
-58.1 % |
| Apples (1 lb) |
175.18 kr (1.20 €) |
180.38 kr (1.24 €) |
+3.0 % |
| Banana (1 lb) |
139.94 kr (0.96 €) |
119.82 kr (0.82 €) |
-14.4 % |
| Oranges (1 lb) |
163.99 kr (1.12 €) |
156.13 kr (1.07 €) |
-4.8 % |
| Tomato (1 lb) |
286.79 kr (1.97 €) |
188.84 kr (1.29 €) |
-34.2 % |
| Potato (1 lb) |
203.14 kr (1.39 €) |
113.76 kr (0.78 €) |
-44.0 % |
| Onion (1 lb) |
126.15 kr (0.87 €) |
118.42 kr (0.81 €) |
-6.1 % |
| Lettuce (1 head) |
402.25 kr (2.76 €) |
239.16 kr (1.64 €) |
-40.5 % |
| Water (1.5 liter bottle) |
280.36 kr (1.92 €) |
115.89 kr (0.79 €) |
-58.7 % |
| Bottle of Wine (Mid-Range) |
3,000.00 kr (20.57 €) |
984.36 kr (6.75 €) |
-67.2 % |
| Domestic Beer (0.5 liter bottle) |
462.58 kr (3.17 €) |
224.95 kr (1.54 €) |
-51.4 % |
| Imported Beer (12 oz small bottle) |
389.06 kr (2.67 €) |
306.53 kr (2.10 €) |
-21.2 % |
| Cigarettes 20 Pack (Marlboro) |
1,725.00 kr (11.83 €) |
845.82 kr (5.80 €) |
-51.0 % |
Transportation | Iceland Edit |
Malta Edit | |
| One-way Ticket (Local Transport) |
640.00 kr (4.39 €) |
291.66 kr (2.00 €) |
-54.4 % |
| Monthly Pass (Regular Price) |
10,400.00 kr (71.32 €) |
0.00 kr (0.00 €) |
-100.0 % |
| Taxi Start (Normal Tariff) |
790.00 kr (5.42 €) |
729.15 kr (5.00 €) |
-7.7 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (3.58 €) |
469.38 kr (3.22 €) |
-10.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
10,620.00 kr (72.82 €) |
5,468.66 kr (37.50 €) |
-48.5 % |
| Gasoline (1 gallon) |
1,182.00 kr (8.11 €) |
739.97 kr (5.07 €) |
-37.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,890,000.00 kr (40,389.23 €) |
3,499,942.97 kr (24,000.00 €) |
-40.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,666,666.67 kr (45,715.03 €) |
4,260,176.90 kr (29,213.12 €) |
-36.1 % |
Utilities (Monthly) | Iceland Edit |
Malta Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
10,924.64 kr (74.91 €) |
13,150.70 kr (90.18 €) |
+20.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,430.36 kr (23.52 €) |
3,492.92 kr (23.95 €) |
+1.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
10,266.42 kr (70.40 €) |
4,507.39 kr (30.91 €) |
-56.1 % |
Sports And Leisure | Iceland Edit |
Malta Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
10,082.08 kr (69.14 €) |
8,348.63 kr (57.25 €) |
-17.2 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,816.67 kr (33.03 €) |
3,067.48 kr (21.03 €) |
-36.3 % |
| Cinema, International Release, 1 Seat |
2,190.00 kr (15.02 €) |
1,356.23 kr (9.30 €) |
-38.1 % |
Childcare | Iceland Edit |
Malta Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
42,475.25 kr (291.26 €) |
69,211.08 kr (474.60 €) |
+62.9 % |
| International Primary School, Yearly for 1 Child |
3,744,295.00 kr (25,675.58 €) |
1,341,705.60 kr (9,200.42 €) |
-64.2 % |
Clothing And Shoes | Iceland Edit |
Malta Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
17,356.84 kr (119.02 €) |
12,937.28 kr (88.71 €) |
-25.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,436.25 kr (50.99 €) |
5,849.43 kr (40.11 €) |
-21.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
21,566.67 kr (147.89 €) |
12,823.11 kr (87.93 €) |
-40.5 % |
| 1 Pair of Men Leather Business Shoes |
29,685.94 kr (203.56 €) |
14,316.25 kr (98.17 €) |
-51.8 % |
Rent Per Month | Iceland Edit |
Malta Edit | |
| Apartment (1 bedroom) in City Centre |
275,000.00 kr (1,885.75 €) |
142,689.39 kr (978.46 €) |
-48.1 % |
| Apartment (1 bedroom) Outside of Centre |
250,000.00 kr (1,714.31 €) |
118,701.37 kr (813.97 €) |
-52.5 % |
| Apartment (3 bedrooms) in City Centre |
393,961.54 kr (2,701.49 €) |
241,283.95 kr (1,654.55 €) |
-38.8 % |
| Apartment (3 bedrooms) Outside of Centre |
338,074.07 kr (2,318.26 €) |
186,645.84 kr (1,279.88 €) |
-44.8 % |
Buy Apartment Price | Iceland Edit |
Malta Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
85,617.11 kr (587.10 €) |
48,522.02 kr (332.73 €) |
-43.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
72,898.79 kr (499.89 €) |
38,142.05 kr (261.55 €) |
-47.7 % |
Salaries And Financing | Iceland Edit |
Malta Edit | |
| Average Monthly Net Salary (After Tax) |
551,530.75 kr (3,781.99 €) |
219,290.18 kr (1,503.73 €) |
-60.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 9.76 | 4.70 | -51.9 % |
| Last update: | April 2025 | April 2025 | |
| Contributors in the past 12 months: | 145 | 200 |
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