Cost of living comparison
compared to
Iceland vs. Malaysia Cost of Living Summary
Iceland is 3.8 times more expensive than Malaysia overall.
Iceland vs. Malaysia Cost Breakdown
If you lived in Iceland instead of Malaysia, you would:
pay 6.1 times more for restaurants
Malaysia | Iceland | ||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant | $3.22 MYR13.17 | $26.52 ISK3,355 | |
| Fast food combo meal McDonalds, or similar | $4.41 MYR18.04 | $21.32 ISK2,696 | |
| Bottle of Coca-Cola (11 fl. oz) | $0.73 MYR2.98 | $3.11 ISK393 | |
| Bottle of water (11 fl. oz) | $0.39 MYR1.61 | $2.72 ISK344 | |
Malaysia vs. Iceland - Cost of restaurants
pay 2.5 times more for groceries
Malaysia | Iceland | ||
|---|---|---|---|
| Bread 1 loaf | $1.02 MYR4.16 | $3.80 ISK481 | |
| Local cheese (8 oz) | $7.79 MYR31.84 | $9.44 ISK1,194 | |
| Milk (1 gallon) | $6.67 MYR27.25 | $7.78 ISK984 | |
| Eggs 1 dozen | $1.99 MYR8.13 | $6.71 ISK849 | |
| Boneless chicken breast (1 lb) | $1.93 MYR7.91 | $11.22 ISK1,419 | |
| Apples (1 lb) | $1.28 MYR5.23 | $1.50 ISK189 | |
| Bananas (1 lb) | $0.67 MYR2.72 | $1.15 ISK145 | |
| Oranges (1 lb) | $1.29 MYR5.28 | $1.41 ISK179 | |
| Tomatoes (1 lb) | $0.73 MYR3.00 | $2.34 ISK296 | |
| Potatoes (1 lb) | $0.53 MYR2.18 | $1.65 ISK208 | |
| Onions (1 lb) | $0.59 MYR2.39 | $1.09 ISK138 | |
Malaysia vs. Iceland - Cost of groceries
pay 3.9 times more for transportation
Malaysia | Iceland | ||
|---|---|---|---|
| Gasoline (1 gallon) | $1.86 MYR7.58 | $9.65 ISK1,221 | |
| Monthly public transit pass | $15.26 MYR62.40 | $79.56 ISK10,064 | |
| New Volkswagen Golf 1.4 (standard edition) | $35,849.31 MYR147K | $49,144.25 ISK6M | |
| Taxi trip in downtown area (5 miles) | $6.52 MYR26.64 | $25.55 ISK3,232 | |
Malaysia vs. Iceland - Cost of transportation
pay 4.8 times more for housing
Malaysia | Iceland | ||
|---|---|---|---|
| Internet connection 50 mbps or faster, cable/dsl | $27.18 MYR111.12 | $95.65 ISK12,098 | |
| 1-Bedroom apartment in downtown area | $349.73 MYR1,429.70 | $2,289.17 ISK290K | |
| 1-Bedroom apartment outside city center | $247.40 MYR1,011.39 | $1,830.04 ISK231K | |
| Utilities for two (700 sq ft apartment) including electric, gas, water, heating | $34.37 MYR140.52 | $65.15 ISK8,241 | |
Malaysia vs. Iceland - Cost of housing
pay 3.4 times more for childcare
Malaysia | Iceland | ||
|---|---|---|---|
| Private preschool for 1 child, monthly | $170.62 MYR697.50 | $334.67 ISK42,332 | |
| Middle school for 1 child, two semesters | $6,229.51 MYR25,466.22 | $30,711.08 ISK4M | |
Malaysia vs. Iceland - Cost of childcare
pay 2.8 times more for entertainment and sports
Malaysia | Iceland | ||
|---|---|---|---|
| Domestic/local beer (1 pint) | $3.72 MYR15.21 | $11.14 ISK1,409 | |
| Cappuccino in mid-range area | $2.63 MYR10.73 | $5.62 ISK711 | |
| Pack of cigarettes Marlboro or similar | $4.18 MYR17.08 | $13.90 ISK1,758 | |
| Monthly membership at local gym | $36.40 MYR148.80 | $78.17 ISK9,888 | |
| Movie ticket to theater/cinema | $4.62 MYR18.87 | $16.75 ISK2,119 | |
Malaysia vs. Iceland - Cost of entertainment and sports
pay 2.7 times more for clothing
Malaysia | Iceland | ||
|---|---|---|---|
| Regular jeans Levi's brand | $59.37 MYR242.71 | $130.91 ISK16,558 | |
| Regular dress from H&M or similar store | $29.69 MYR121.36 | $61.83 ISK7,821 | |
| Running shoes Nike or Adidas | $70.68 MYR288.93 | $163.81 ISK20,721 | |
| Men's business shoes (leather) | $56.86 MYR232.45 | $237.31 ISK30,017 | |
Malaysia vs. Iceland - 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: June 2026
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