Cost of living comparison

Maldives

compared to

Iceland

Iceland vs. Maldives Cost of Living Summary

Iceland is 2.2 times more expensive than Maldives overall.

Restaurants: pay 3.7 times more in Iceland
Groceries: pay 70.3% more in Iceland
Transportation: pay 95.0% more in Iceland
Housing: pay 96.2% more in Iceland
Childcare: pay 6.5 times more in Iceland
Entertainment and Sports: pay 59.2% more in Iceland
Clothing: pay 2.4 times more in Iceland

The cost of childcare, restaurants, clothing, housing, transportation, and groceries in Iceland are more expensive than in Maldives. Notably, childcare, restaurants, and clothing are significantly more expensive in Iceland.

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Iceland vs. Maldives Cost Breakdown

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

Display currency: USD

pay 3.7 times more for restaurants

	Maldives	Iceland
Basic meal with drink at inexpensive restaurant	$6.00 MVR92.80	$28.88 ISK3,499	+381.1%
Fast food combo meal McDonalds, or similar	$9.57 MVR147.98	$22.83 ISK2,767	+138.6%
Bottle of Coca-Cola (11 fl. oz)	$1.63 MVR25.14	$3.25 ISK393	+99.6%
Bottle of water (11 fl. oz)	$0.30 MVR4.59	$3.01 ISK365	+913.4%
Average			+271.3%

Maldives vs. Iceland - Cost of restaurants

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pay 70.3% more for groceries

	Maldives	Iceland
Bread 1 loaf	$1.65 MVR25.58	$3.55 ISK431	+114.7%
Local cheese (8 oz)	$3.48 MVR53.78	$10.11 ISK1,226	+190.7%
Milk (1 gallon)	$6.83 MVR105.59	$7.79 ISK944	+14.1%
Eggs 1 dozen	$1.87 MVR28.90	$6.92 ISK839	+270.3%
Boneless chicken breast (1 lb)	$2.76 MVR42.75	$11.01 ISK1,334	+298.3%
Apples (1 lb)	$1.80 MVR27.85	$1.43 ISK173	-20.9%
Bananas (1 lb)	$1.39 MVR21.41	$1.23 ISK148	-11.5%
Oranges (1 lb)	$1.59 MVR24.57	$1.42 ISK172	-10.9%
Tomatoes (1 lb)	$1.22 MVR18.85	$2.60 ISK315	+113.5%
Potatoes (1 lb)	$0.75 MVR11.64	$1.71 ISK207	+127.0%
Onions (1 lb)	$0.69 MVR10.64	$0.76 ISK92	+9.9%
Average			+70.3%

Maldives vs. Iceland - Cost of groceries

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pay 95.0% more for transportation

	Maldives	Iceland
Gasoline (1 gallon)	$3.81 MVR58.84	$8.09 ISK980	+112.4%
Monthly public transit pass	$30.82 MVR476.54	$80.58 ISK9,765	+161.4%
New Volkswagen Golf 1.4 (standard edition)	$32,446.46 MVR502K	$48,967.53 ISK6M	+50.9%
Taxi trip in downtown area (5 miles)	$17.52 MVR270.88	$26.24 ISK3,179	+49.7%
Average			+95.0%

Maldives vs. Iceland - Cost of transportation

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pay 96.2% more for housing

	Maldives	Iceland
Internet connection 50 mbps or faster, cable/dsl	$73.00 MVR1,128.65	$98.24 ISK11,905	+34.6%
1-Bedroom apartment in downtown area	$1,043.39 MVR16,130.74	$2,335.24 ISK283K	+123.8%
1-Bedroom apartment outside city center	$739.32 MVR11,429.82	$1,824.40 ISK221K	+146.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$85.19 MVR1,317.00	$72.34 ISK8,766	-15.1%
Average			+96.2%

Maldives vs. Iceland - Cost of housing

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pay 6.5 times more for childcare

	Maldives	Iceland
Private preschool for 1 child, monthly	$184.92 MVR2,858.87	$833.66 ISK101K	+350.8%
Middle school for 1 child, two semesters	$3,003.87 MVR46,439.89	$27,752.37 ISK3M	+823.9%
Average			+545.4%

Maldives vs. Iceland - Cost of childcare

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pay 59.2% more for entertainment and sports

	Maldives	Iceland
Domestic/local beer (1 pint)	$4.87 MVR75.24	$11.37 ISK1,378	+133.7%
Cappuccino in mid-range area	$3.55 MVR54.86	$5.90 ISK715	+66.2%
Pack of cigarettes Marlboro or similar	$13.95 MVR215.70	$13.85 ISK1,679	-0.7%
Monthly membership at local gym	$70.81 MVR1,094.69	$83.64 ISK10,136	+18.1%
Movie ticket to theater/cinema	$9.73 MVR150.49	$17.92 ISK2,171	+84.1%
Average			+59.2%

Maldives vs. Iceland - Cost of entertainment and sports

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pay 2.4 times more for clothing

	Maldives	Iceland
Regular jeans Levi's brand	$39.51 MVR610.80	$134.47 ISK16,295	+240.3%
Regular dress from H&M or similar store	$49.63 MVR767.27	$63.25 ISK7,664	+27.4%
Running shoes Nike or Adidas	$87.11 MVR1,346.76	$159.03 ISK19,271	+82.6%
Men's business shoes (leather)	$52.50 MVR811.70	$237.19 ISK28,742	+351.8%
Average			+144.6%

Maldives 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: Maldives vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 18 statistics

Make 6.7 times more money in Iceland

Size Comparison · See true size

Maldives is about 346 times smaller than Iceland.

Moving from Maldives to Iceland · OECD 2019

1 people moved from Maldives to Iceland.

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