Cost of living comparison

Iceland

compared to

Madagascar

Madagascar vs. Iceland Cost of Living Summary

Madagascar is 70.1% cheaper than Iceland overall.

Restaurants: pay 79.2% less in Madagascar
Groceries: pay 66.7% less in Madagascar
Transportation: pay 53.7% less in Madagascar
Housing: pay 63.2% less in Madagascar
Childcare: pay 79.0% less in Madagascar
Entertainment and Sports: pay 75.9% less in Madagascar
Clothing: pay 72.7% less in Madagascar

Expenses including restaurants, childcare, entertainment and sports, clothing, groceries, and housing are lower in Madagascar.

Madagascar vs. Iceland Cost Breakdown

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

Display currency: USD

pay 79.2% less for restaurants

	Iceland	Madagascar
Basic meal with drink at inexpensive restaurant	$26.52 ISK3,261	$3.04 MGA12,743	-88.5%
Fast food combo meal McDonalds, or similar	$21.32 ISK2,621	$4.73 MGA19,818	-77.8%
Bottle of Coca-Cola (11 fl. oz)	$3.11 ISK382	$0.82 MGA3,435	-73.6%
Bottle of water (11 fl. oz)	$2.72 ISK334	$0.62 MGA2,608	-77.1%
Average			-79.2%

Iceland vs. Madagascar - Cost of restaurants

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pay 66.7% less for groceries

	Iceland	Madagascar
Bread 1 loaf	$3.80 ISK468	$0.88 MGA3,673	-76.9%
Local cheese (8 oz)	$9.44 ISK1,160	$5.36 MGA22,466	-43.2%
Milk (1 gallon)	$7.78 ISK956	$3.89 MGA16,293	-50.0%
Eggs 1 dozen	$6.71 ISK825	$1.97 MGA8,257	-70.6%
Boneless chicken breast (1 lb)	$11.22 ISK1,379	$2.63 MGA11,039	-76.5%
Apples (1 lb)	$1.50 ISK184	$0.64 MGA2,685	-57.1%
Bananas (1 lb)	$1.15 ISK141	$0.33 MGA1,391	-71.0%
Oranges (1 lb)	$1.41 ISK174	$0.57 MGA2,371	-60.0%
Tomatoes (1 lb)	$2.34 ISK288	$0.41 MGA1,713	-82.5%
Potatoes (1 lb)	$1.65 ISK203	$0.29 MGA1,201	-82.6%
Onions (1 lb)	$1.09 ISK134	$0.40 MGA1,696	-63.0%
Average			-66.7%

Iceland vs. Madagascar - Cost of groceries

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pay 53.7% less for transportation

	Iceland	Madagascar
Gasoline (1 gallon)	$9.65 ISK1,187	$4.44 MGA18,603	-54.0%
Monthly public transit pass	$79.56 ISK9,783	??
New Volkswagen Golf 1.4 (standard edition)	$49,144.25 ISK6M	$12,651.72 MGA53M	-74.3%
Taxi trip in downtown area (5 miles)	$25.55 ISK3,142	$17.17 MGA71,943	-32.8%
Average			-53.7%

Iceland vs. Madagascar - Cost of transportation

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pay 63.2% less for housing

	Iceland	Madagascar
Internet connection 50 mbps or faster, cable/dsl	$95.65 ISK11,761	$60.23 MGA252K	-37.0%
1-Bedroom apartment in downtown area	$2,289.17 ISK281K	$257.49 MGA1M	-88.8%
1-Bedroom apartment outside city center	$1,830.04 ISK225K	$71.69 MGA300K	-96.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$65.15 ISK8,011	$44.95 MGA188K	-31.0%
Average			-63.2%

Iceland vs. Madagascar - Cost of housing

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pay 79.0% less for childcare

	Iceland	Madagascar
Private preschool for 1 child, monthly	$334.67 ISK41,150	$46.54 MGA195K	-86.1%
Middle school for 1 child, two semesters	$30,711.08 ISK4M	$8,634.52 MGA36M	-71.9%
Average			-79.0%

Iceland vs. Madagascar - Cost of childcare

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pay 75.9% less for entertainment and sports

	Iceland	Madagascar
Domestic/local beer (1 pint)	$11.14 ISK1,370	$0.82 MGA3,421	-92.7%
Cappuccino in mid-range area	$5.62 ISK692	$1.33 MGA5,570	-76.4%
Pack of cigarettes Marlboro or similar	$13.90 ISK1,709	$1.73 MGA7,265	-87.5%
Monthly membership at local gym	$78.17 ISK9,612	$29.94 MGA125K	-61.7%
Movie ticket to theater/cinema	$16.75 ISK2,060	$6.47 MGA27,124	-61.4%
Average			-75.9%

Iceland vs. Madagascar - Cost of entertainment and sports

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pay 72.7% less for clothing

	Iceland	Madagascar
Regular jeans Levi's brand	$130.91 ISK16,096	$19.48 MGA81,608	-85.1%
Regular dress from H&M or similar store	$61.83 ISK7,602	$17.20 MGA72,088	-72.2%
Running shoes Nike or Adidas	$163.81 ISK20,142	$70.84 MGA297K	-56.8%
Men's business shoes (leather)	$237.31 ISK29,180	$55.48 MGA232K	-76.6%
Average			-72.7%

Iceland vs. Madagascar - Cost of clothing

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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: June 2026

Compare further: Iceland vs. Madagascar

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Quality of Life Comparison · 13 statistics

Make 97.4% less money in Madagascar

Size Comparison · See true size

Iceland is about 6 times smaller than Madagascar.

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