Cost of living comparison
compared to
Mali vs. Iceland Cost of Living Summary
Mali is 50.8% cheaper than Iceland overall.
- Restaurants
-
pay 74.6% less in Mali
- Groceries
-
pay 23.6% less in Mali
- Transportation
-
pay 54.3% less in Mali
- Housing
-
pay 38.0% less in Mali
- Entertainment and Sports
-
pay 63.6% less in Mali
Expenses including restaurants, entertainment and sports, transportation, housing, and groceries are lower in Mali.
Mali vs. Iceland Cost Breakdown
If you lived in Mali instead of Iceland, you would:
pay 74.6% less for restaurants
|
Iceland
|
Mali
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$26.52
ISK3,332
|
$6.70
F CFA3,755
|
|
|
Fast food combo meal
McDonalds, or similar
|
$21.32
ISK2,678
|
$6.42
F CFA3,598
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.11
ISK391
|
$0.77
F CFA432
|
|
| Bottle of water (11 fl. oz) |
$2.72
ISK342
|
$0.58
F CFA325
|
|
Iceland vs. Mali - Cost of restaurants
pay 23.6% less for groceries
|
Iceland
|
Mali
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.80
ISK478
|
$3.84
F CFA2,149
|
|
| Local cheese (8 oz) |
$9.44
ISK1,186
|
$8.91
F CFA4,990
|
|
| Milk (1 gallon) |
$7.78
ISK977
|
$8.86
F CFA4,962
|
|
|
Eggs
1 dozen
|
$6.71
ISK843
|
$5.50
F CFA3,081
|
|
| Boneless chicken breast (1 lb) |
$11.22
ISK1,409
|
$7.08
F CFA3,967
|
|
| Apples (1 lb) |
$1.50
ISK188
|
$1.81
F CFA1,016
|
|
| Bananas (1 lb) |
$1.15
ISK144
|
$0.48
F CFA267
|
|
| Oranges (1 lb) |
$1.41
ISK178
|
$1.28
F CFA719
|
|
| Tomatoes (1 lb) |
$2.34
ISK294
|
$0.95
F CFA534
|
|
| Potatoes (1 lb) |
$1.65
ISK207
|
$0.56
F CFA313
|
|
| Onions (1 lb) |
$1.09
ISK137
|
$0.64
F CFA357
|
|
Iceland vs. Mali - Cost of groceries
pay 54.3% less for transportation
|
Iceland
|
Mali
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$9.65
ISK1,213
|
$4.41
F CFA2,472
|
|
| Monthly public transit pass |
$79.56
ISK9,995
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$49,144.25
ISK6,173,992
|
?? | |
| Taxi trip in downtown area (5 miles) |
$25.55
ISK3,210
|
?? | |
Iceland vs. Mali - Cost of transportation
pay 38.0% less for housing
|
Iceland
|
Mali
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$95.65
ISK12,016
|
$57.51
F CFA32,212
|
|
| 1-Bedroom apartment in downtown area |
$2,289.17
ISK287,588
|
$175.00
F CFA98,017
|
|
| 1-Bedroom apartment outside city center |
$1,830.04
ISK229,909
|
$80.00
F CFA44,808
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$65.15
ISK8,185
|
$114.71
F CFA64,246
|
|
Iceland vs. Mali - Cost of housing
pay (unknown) more for childcare
|
Iceland
|
Mali
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$334.67
ISK42,044
|
?? | |
| Middle school for 1 child, two semesters |
$30,711.08
ISK3,858,233
|
?? |
Iceland vs. Mali - Cost of childcare
pay 63.6% less for entertainment and sports
|
Iceland
|
Mali
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$11.14
ISK1,400
|
$2.39
F CFA1,337
|
|
| Cappuccino in mid-range area |
$5.62
ISK707
|
$1.89
F CFA1,058
|
|
|
Pack of cigarettes
Marlboro or similar
|
$13.90
ISK1,746
|
$0.93
F CFA523
|
|
| Monthly membership at local gym |
$78.17
ISK9,821
|
$67.41
F CFA37,758
|
|
| Movie ticket to theater/cinema |
$16.75
ISK2,105
|
$5.67
F CFA3,177
|
|
Iceland vs. Mali - Cost of entertainment and sports
pay (unknown) more for clothing
|
Iceland
|
Mali
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$130.91
ISK16,446
|
?? | |
|
Regular dress
from H&M or similar store
|
$61.83
ISK7,768
|
?? | |
|
Running shoes
Nike or Adidas
|
$163.81
ISK20,580
|
?? | |
| Men's business shoes (leather) |
$237.31
ISK29,813
|
?? |
Iceland vs. Mali - Cost of clothing
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
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