Cost of living comparison

compared to

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

Falkland Islands (Islas Malvinas) is 17.1% more expensive than Iceland overall.

Restaurants: pay 26.4% less in Falkland Islands (Islas Malvinas)
Groceries: pay 24.4% more in Falkland Islands (Islas Malvinas)
Transportation: pay 65.2% less in Falkland Islands (Islas Malvinas)
Housing: pay 2.6 times more in Falkland Islands (Islas Malvinas)
Childcare: pay 79.6% more in Falkland Islands (Islas Malvinas)
Entertainment and Sports: pay 38.2% less in Falkland Islands (Islas Malvinas)
Clothing: pay 12.4% less in Falkland Islands (Islas Malvinas)

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

Falkland Islands (Islas Malvinas) vs. Iceland Cost Breakdown

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

Display currency: USD

pay 26.4% less for restaurants

	Iceland	Falkland Islands (Islas Malvinas)
Basic meal with drink at inexpensive restaurant	$26.52 ISK3,394	$26.71 FKP20.17	+0.7%
Fast food combo meal McDonalds, or similar	$21.32 ISK2,728	??
Bottle of Coca-Cola (11 fl. oz)	$3.11 ISK398	$2.26 FKP1.71	-27.3%
Bottle of water (11 fl. oz)	$2.72 ISK348	$1.29 FKP0.97	-52.7%
Average			-26.4%

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

Improve prices · Change currency (USD)

pay 24.4% more for groceries

	Iceland	Falkland Islands (Islas Malvinas)
Bread 1 loaf	$3.80 ISK487	$3.36 FKP2.53	-11.8%
Local cheese (8 oz)	$9.44 ISK1,208	$1.47 FKP1.11	-84.4%
Milk (1 gallon)	$7.78 ISK996	$7.99 FKP6.03	+2.7%
Eggs 1 dozen	$6.71 ISK859	$7.17 FKP5.41	+6.8%
Boneless chicken breast (1 lb)	$11.22 ISK1,436	$3.56 FKP2.69	-68.3%
Apples (1 lb)	$1.50 ISK191	$4.03 FKP3.04	+169.2%
Bananas (1 lb)	$1.15 ISK147	$2.27 FKP1.71	+98.0%
Oranges (1 lb)	$1.41 ISK181	$4.53 FKP3.42	+220.6%
Tomatoes (1 lb)	$2.34 ISK300	$2.38 FKP1.80	+1.7%
Potatoes (1 lb)	$1.65 ISK211	$1.70 FKP1.28	+3.2%
Onions (1 lb)	$1.09 ISK140	$0.33 FKP0.25	-69.5%
Average			+24.4%

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

Improve prices · Change currency (USD)

pay 65.2% less for transportation

	Iceland	Falkland Islands (Islas Malvinas)
Gasoline (1 gallon)	$9.65 ISK1,235	$6.19 FKP4.68	-35.8%
Monthly public transit pass	$79.56 ISK10,182	??
New Volkswagen Golf 1.4 (standard edition)	$49,144.25 ISK6,289,481	$2,670.87 FKP2,016.98	-94.6%
Taxi trip in downtown area (5 miles)	$25.55 ISK3,270	??
Average			-65.2%

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

Improve prices · Change currency (USD)

pay 2.6 times more for housing

	Iceland	Falkland Islands (Islas Malvinas)
Internet connection 50 mbps or faster, cable/dsl	$95.65 ISK12,241	$452.27 FKP341.54	+372.8%
1-Bedroom apartment in downtown area	$2,289.17 ISK292,968	$1,201.89 FKP907.64	-47.5%
1-Bedroom apartment outside city center	$1,830.04 ISK234,209	$868.03 FKP655.52	-52.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$65.15 ISK8,338	$299.85 FKP226.44	+360.3%
Average			+158.2%

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

Improve prices · Change currency (USD)

pay 79.6% more for childcare

	Iceland	Falkland Islands (Islas Malvinas)
Private preschool for 1 child, monthly	$334.67 ISK42,830	$600.94 FKP453.82	+79.6%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	??
Average			+79.6%

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

Improve prices · Change currency (USD)

pay 38.2% less for entertainment and sports

	Iceland	Falkland Islands (Islas Malvinas)
Domestic/local beer (1 pint)	$11.14 ISK1,426	$4.21 FKP3.18	-62.2%
Cappuccino in mid-range area	$5.62 ISK720	$3.36 FKP2.54	-40.2%
Pack of cigarettes Marlboro or similar	$13.90 ISK1,778	$16.29 FKP12.30	+17.2%
Monthly membership at local gym	$78.17 ISK10,004	$22.33 FKP16.86	-71.4%
Movie ticket to theater/cinema	$16.75 ISK2,144	$11.02 FKP8.32	-34.2%
Average			-38.2%

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

Improve prices · Change currency (USD)

pay 12.4% less for clothing

	Iceland	Falkland Islands (Islas Malvinas)
Regular jeans Levi's brand	$130.91 ISK16,753	$113.51 FKP85.72	-13.3%
Regular dress from H&M or similar store	$61.83 ISK7,913	$93.48 FKP70.59	+51.2%
Running shoes Nike or Adidas	$163.81 ISK20,965	$110.17 FKP83.20	-32.7%
Men's business shoes (leather)	$237.31 ISK30,371	$106.83 FKP80.68	-55.0%
Average			-12.4%

Iceland vs. Falkland Islands (Islas Malvinas) - 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: December 2025

More cost comparisons

Iceland vs.

Australia

Iceland vs.

Vietnam

Iceland vs.

Russia

Iceland vs.

Ireland

Iceland vs.

China

Iceland vs.

Spain

Iceland vs.

Austria

Iceland vs.

United States

Share this

Compare by city

For example, try comparing the cost of living in Reykjavik vs. Port Stanley

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 Iceland

Add prices for Falkland Islands (Islas Malvinas)

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Falkland Islands (Islas Malvinas) or Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.