Cost of living comparison

Malta

compared to

Iceland

Reykjavik vs. Valletta Cost of Living Summary

Reykjavik is 62.4% more expensive than Valletta.

Restaurants: pay 60.0% more in Reykjavik
Groceries: pay 40.0% more in Reykjavik
Transportation: pay 56.1% more in Reykjavik
Housing: pay 57.5% more in Reykjavik
Childcare: pay 3.0 times more in Reykjavik
Entertainment and Sports: pay 97.3% more in Reykjavik
Clothing: pay 66.3% more in Reykjavik

The cost of childcare, entertainment and sports, clothing, restaurants, housing, and transportation in Reykjavik are more expensive than in Valletta. Notably, childcare and entertainment and sports are significantly more expensive in Reykjavik.

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Reykjavik vs. Valletta Cost Breakdown

If you lived in Reykjavik instead of Valletta, you would:

Display currency: USD

pay 60.0% more for restaurants

	Valletta	Reykjavik
Basic meal with drink at inexpensive restaurant	$22.39 €19.93	$31.06 ISK3,763	+38.7%
Fast food combo meal McDonalds, or similar	$13.44 €11.96	$26.97 ISK3,268	+100.7%
Bottle of Coca-Cola (11 fl. oz)	$2.38 €2.12	$3.31 ISK402	+39.3%
Bottle of water (11 fl. oz)	$1.96 €1.74	$3.11 ISK376	+58.5%
Average			+60.0%

Valletta vs. Reykjavik - Cost of restaurants

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pay 40.0% more for groceries

	Valletta	Reykjavik
Bread 1 loaf	$1.43 €1.28	$4.19 ISK508	+192.3%
Local cheese (8 oz)	$5.18 €4.61	$10.93 ISK1,324	+111.1%
Milk (1 gallon)	$5.09 €4.53	$7.78 ISK942	+52.9%
Eggs 1 dozen	$4.36 €3.88	$7.08 ISK858	+62.3%
Boneless chicken breast (1 lb)	$5.45 €4.85	$11.00 ISK1,333	+101.9%
Apples (1 lb)	$1.72 €1.53	$1.50 ISK182	-12.4%
Bananas (1 lb)	$1.24 €1.11	$1.27 ISK154	+1.9%
Oranges (1 lb)	$1.76 €1.57	$1.46 ISK177	-17.3%
Tomatoes (1 lb)	$1.69 €1.51	$2.93 ISK355	+73.2%
Potatoes (1 lb)	$0.86 €0.77	$1.78 ISK215	+106.2%
Onions (1 lb)	$1.52 €1.36	$0.76 ISK92	-50.4%
Average			+40.0%

Valletta vs. Reykjavik - Cost of groceries

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pay 56.1% more for transportation

	Valletta	Reykjavik
Gasoline (1 gallon)	$5.68 €5.06	$7.76 ISK941	+36.7%
Monthly public transit pass	??	$94.80 ISK11,488
New Volkswagen Golf 1.4 (standard edition)	$27,993.39 €24,915.12	$50,588.43 ISK6M	+80.7%
Taxi trip in downtown area (5 miles)	$18.25 €16.24	$29.26 ISK3,545	+60.3%
Average			+56.1%

Valletta vs. Reykjavik - Cost of transportation

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pay 57.5% more for housing

	Valletta	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$29.39 €26.16	$86.01 ISK10,422	+192.6%
1-Bedroom apartment in downtown area	$1,413.67 €1,258.21	$2,522.88 ISK306K	+78.5%
1-Bedroom apartment outside city center	$1,112.27 €989.96	$2,032.25 ISK246K	+82.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$118.81 €105.74	$73.44 ISK8,899	-38.2%
Average			+57.5%

Valletta vs. Reykjavik - Cost of housing

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pay 3.0 times more for childcare

	Valletta	Reykjavik
Private preschool for 1 child, monthly	$277.72 €247.18	$1,185.23 ISK144K	+326.8%
Middle school for 1 child, two semesters	$12,317.09 €10,962.65	$25,853.51 ISK3M	+109.9%
Average			+199.3%

Valletta vs. Reykjavik - Cost of childcare

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pay 97.3% more for entertainment and sports

	Valletta	Reykjavik
Domestic/local beer (1 pint)	$5.60 €4.98	$13.89 ISK1,684	+148.2%
Cappuccino in mid-range area	$3.18 €2.83	$6.74 ISK817	+112.0%
Pack of cigarettes Marlboro or similar	$6.27 €5.58	$13.89 ISK1,684	+121.6%
Monthly membership at local gym	$59.07 €52.57	$100.25 ISK12,148	+69.7%
Movie ticket to theater/cinema	$11.37 €10.12	$19.57 ISK2,372	+72.2%
Average			+97.3%

Valletta vs. Reykjavik - Cost of entertainment and sports

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pay 66.3% more for clothing

	Valletta	Reykjavik
Regular jeans Levi's brand	$57.44 €51.13	$149.01 ISK18,058	+159.4%
Regular dress from H&M or similar store	$68.96 €61.38	$65.79 ISK7,972	-4.6%
Running shoes Nike or Adidas	$112.13 €99.80	$181.84 ISK22,035	+62.2%
Men's business shoes (leather)	$130.55 €116.19	$248.81 ISK30,151	+90.6%
Average			+66.3%

Valletta vs. Reykjavik - 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

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