Quality of life comparison

compared to

If you lived in Iceland instead of Monaco, you would:

Health

live 3.7 years less

In Monaco, the average life expectancy is 86 years (85 years for men, 89 years for women) as of 2024. In Iceland, that number is 83 years (81 years for men, 84 years for women) as of 2024.

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see 29.3% less spent on your healthcare

Monaco spends $9,797 per person on healthcare as of 2023 (international dollars, adjusted for prices). Iceland spends $6,927 as of 2024.

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have 49.2% fewer doctors per person

Monaco has 86.1 doctors per 10,000 people as of 2020. Iceland has 43.7 as of 2023.

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Economy

make 65.9% less money

Monaco has a GDP per capita of $288,002 as of 2024, while in Iceland, the GDP per capita is $98,323 as of 2025.

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Life

be 40.0% less likely to die during childbirth

In Monaco, approximately 5.0 women die from pregnancy or childbirth per 100,000 live births as of 2023. In Iceland, 3.0 women do as of 2023.

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have 17.2% more children

In Monaco, there are approximately 9.6 babies per 1,000 people as of 2024. In Iceland, there are 11.2 babies per 1,000 people as of 2024.

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Expenditures

spend 4.2 times more on education

Monaco spends 1.7% of its total GDP on education as of 2023. Iceland spends 7.3% of total GDP on education as of 2022.

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spend 2.9 times more on healthcare

Monaco spends 3.1% of its total GDP on healthcare as of 2023. In Iceland, that number is 9.0% of GDP as of 2024.

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Geography

see 1212.2 times more coastline

Monaco has a total of 4 km of coastline. In Iceland, that number is 4,970 km.

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Infrastructure

find 32.6% less home broadband

Monaco has 55.7 fixed broadband subscriptions per 100 people as of 2024. Iceland has 37.5 as of 2024.

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Sources: World Bank (2020–2025), The World Factbook. How we calculate this

Compare further: Monaco vs. Iceland

Cost of Living Comparison · 7 categories - 2026 data
Iceland is 37.4% cheaper than Monaco overall
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Size Comparison · See true size
Monaco is about 51,500 times smaller than Iceland.
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Moving from Monaco to Iceland · UN DESA 2015
1 people born in Monaco live in Iceland.
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Iceland: At a glance

Iceland is a sovereign country in Europe, with a total land area of approximately 100,250 sq km. Settled by Norwegian and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries A.D., Iceland boasts the world's oldest functioning legislative assembly, the Althing, established in 930. Independent for over 300 years, Iceland was subsequently ruled by Norway and Denmark. Fallout from the Askja volcano of 1875 devastated the Icelandic economy and caused widespread famine. Over the next quarter century, 20% of the island's population emigrated, mostly to Canada and the US. Denmark granted limited home rule in 1874 and complete independence in 1944. The second half of the 20th century saw substantial economic growth driven primarily by the fishing industry. The economy diversified greatly after the country joined the European Economic Area in 1994, but Iceland was especially hard hit by the global financial crisis in the years following 2008. Literacy, longevity, and social cohesion are first rate by world standards.
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How big is Iceland compared to Monaco? See an in-depth size comparison.

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