Cost of living comparison

compared to

Iceland vs. Falkland Islands (Islas Malvinas) Cost of Living Summary

Iceland is 18.4% more expensive than Falkland Islands (Islas Malvinas) overall.

Restaurants: pay 26.9% more in Iceland
Groceries: pay 5.3% more in Iceland
Transportation: pay 13.0% more in Iceland
Housing: pay 13.0% more in Iceland
Entertainment and Sports: pay 98.5% more in Iceland
Clothing: pay 16.5% more in Iceland

The cost of entertainment and sports, restaurants, clothing, transportation, housing, and groceries in Iceland are more expensive than in Falkland Islands (Islas Malvinas). Notably, entertainment and sports is significantly more expensive in Iceland.

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Iceland vs. Falkland Islands (Islas Malvinas) Cost Breakdown

If you lived in Iceland instead of Falkland Islands (Islas Malvinas), you would:

Display currency: USD

pay 26.9% more for restaurants

	Falkland Islands (Islas Malvinas)	Iceland
Basic meal with drink at inexpensive restaurant	$26.43 FKP19.83	$28.88 ISK3,499	+9.3%
Fast food combo meal McDonalds, or similar	??	$22.83 ISK2,767
Bottle of Coca-Cola (11 fl. oz)	$2.24 FKP1.68	$3.25 ISK393	+45.0%
Bottle of water (11 fl. oz)	$1.38 FKP1.04	$3.01 ISK365	+118.0%
Average			+26.9%

Falkland Islands (Islas Malvinas) vs. Iceland - Cost of restaurants

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pay 5.3% more for groceries

	Falkland Islands (Islas Malvinas)	Iceland
Bread 1 loaf	$3.03 FKP2.27	$3.55 ISK431	+17.2%
Local cheese (8 oz)	$1.46 FKP1.09	$10.11 ISK1,226	+594.3%
Milk (1 gallon)	$8.44 FKP6.33	$7.79 ISK944	-7.7%
Eggs 1 dozen	$7.09 FKP5.32	$6.92 ISK839	-2.4%
Boneless chicken breast (1 lb)	$4.32 FKP3.24	$11.01 ISK1,334	+154.8%
Apples (1 lb)	$4.25 FKP3.19	$1.43 ISK173	-66.5%
Bananas (1 lb)	$2.49 FKP1.87	$1.23 ISK148	-50.7%
Oranges (1 lb)	$4.79 FKP3.59	$1.42 ISK172	-70.4%
Tomatoes (1 lb)	$3.66 FKP2.74	$2.60 ISK315	-28.8%
Potatoes (1 lb)	$1.44 FKP1.08	$1.71 ISK207	+18.6%
Onions (1 lb)	$0.33 FKP0.25	$0.76 ISK92	+128.9%
Average			+5.3%

Falkland Islands (Islas Malvinas) vs. Iceland - Cost of groceries

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pay 13.0% more for transportation

	Falkland Islands (Islas Malvinas)	Iceland
Gasoline (1 gallon)	$7.16 FKP5.37	$8.09 ISK980	+13.0%
Monthly public transit pass	??	$80.58 ISK9,765
New Volkswagen Golf 1.4 (standard edition)	??	$48,967.53 ISK6M
Taxi trip in downtown area (5 miles)	??	$26.24 ISK3,179
Average			+13.0%

Falkland Islands (Islas Malvinas) vs. Iceland - Cost of transportation

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pay 13.0% more for housing

	Falkland Islands (Islas Malvinas)	Iceland
Internet connection 50 mbps or faster, cable/dsl	$447.53 FKP335.78	$98.24 ISK11,905	-78.0%
1-Bedroom apartment in downtown area	$1,453.58 FKP1,090.62	$2,335.24 ISK283K	+60.7%
1-Bedroom apartment outside city center	$1,057.15 FKP793.18	$1,824.40 ISK221K	+72.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$293.49 FKP220.20	$72.34 ISK8,766	-75.4%
Average			+13.0%

Falkland Islands (Islas Malvinas) vs. Iceland - Cost of housing

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pay (unknown) more for childcare

	Falkland Islands (Islas Malvinas)	Iceland
Private preschool for 1 child, monthly	??	$833.66 ISK101K
Middle school for 1 child, two semesters	??	$27,752.37 ISK3M

Falkland Islands (Islas Malvinas) vs. Iceland - Cost of childcare

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pay 98.5% more for entertainment and sports

	Falkland Islands (Islas Malvinas)	Iceland
Domestic/local beer (1 pint)	$4.16 FKP3.12	$11.37 ISK1,378	+173.2%
Cappuccino in mid-range area	$4.20 FKP3.15	$5.90 ISK715	+40.6%
Pack of cigarettes Marlboro or similar	$16.11 FKP12.09	$13.85 ISK1,679	-14.0%
Monthly membership at local gym	$22.10 FKP16.58	$83.64 ISK10,136	+278.5%
Movie ticket to theater/cinema	$12.06 FKP9.05	$17.92 ISK2,171	+48.6%
Average			+98.5%

Falkland Islands (Islas Malvinas) vs. Iceland - Cost of entertainment and sports

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pay 16.5% more for clothing

	Falkland Islands (Islas Malvinas)	Iceland
Regular jeans Levi's brand	$112.32 FKP84.28	$134.47 ISK16,295	+19.7%
Regular dress from H&M or similar store	$92.50 FKP69.40	$63.25 ISK7,664	-31.6%
Running shoes Nike or Adidas	$158.57 FKP118.98	$159.03 ISK19,271	+0.3%
Men's business shoes (leather)	$105.71 FKP79.32	$237.19 ISK28,742	+124.4%
Average			+16.5%

Falkland Islands (Islas Malvinas) vs. Iceland - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

Compare further: Falkland Islands (Islas Malvinas) vs. Iceland

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Size Comparison · See true size

Falkland Islands (Islas Malvinas) is about 8 times smaller than Iceland.

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Moving from Falkland Islands (Islas Malvinas) to Iceland · Cost, visas & climate

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