Moving to Iceland from Malaysia

moving to

What to Expect

A comprehensive look at what changes when you move from Malaysia to Iceland — from daily expenses to quality of life.

If you moved from Malaysia to Iceland, you would find that Iceland is 3.8 times more expensive than Malaysia overall. A MYR307,192 salary in Malaysia would need to be roughly ISK27,559,895 in Iceland to maintain the same lifestyle, and you’d need to navigate life in Icelandic. You’ll also switch from driving on the left to the right. Expect a noticeable climate shift — Reykjavik averages 45°F vs 90°F in Kuala Lumpur, making it significantly cooler.

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How Far Will Your Money Go?

How your spending power changes when you relocate from Malaysia to Iceland.

What does your salary buy?

MYR307,192 ISK27,559,895

To maintain the same standard of living in Iceland

Calculate with your salary →

The biggest cost differences at a glance

Restaurants

pay 6.1 times more

Groceries

pay 2.5 times more

Transportation

pay 3.9 times more

Housing

pay 4.8 times more

Childcare

pay 3.4 times more

Entertainment and Sports

pay 2.8 times more

See full cost of living breakdown
Exchange rate: 1 MYR = 30.61 ISK (July 2026)

Data: MyLifeElsewhere's crowdsourced cost of living database, with prices submitted and updated by users worldwide. Exchange rates are refreshed regularly from public sources.

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Who Else Is Making This Move?

Real numbers on people moving from Malaysia to Iceland, and how the trend has changed.

Moved in 2023
12 ↑ 33% vs 2022

people moved from Malaysia to Iceland · OECD (latest data available)

Who's moving to Iceland?

Top countries of origin for Iceland's foreign-born residents.

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

How Malaysia and Iceland stack up on safety, healthcare, jobs, and infrastructure.

Is it safe?

Homicide rate United Nations SDG Indicators, 2022

per 100,000 people per year

MY
0.7
IS
1.1
Feel safe walking at night United Nations SDG Indicators, 2022

of residents who feel safe walking alone at night

MY
90%
IS
91%

Iceland generally does better on safety, though Malaysia leads in homicide rate.

How's the healthcare?

Healthcare spending per person World Bank, 2024

annual government + private spending per person

MY
$1,441
IS
$6,927
Doctors per 10,000 people United Nations SDG Indicators, 2022

affects wait times and access to care

MY
23.2
IS
45.2

Malaysia generally does better on health & wellbeing, though Iceland leads in doctors per 10,000 people.

What about the environment?

Air pollution deaths United Nations SDG Indicators, 2019

deaths attributable to air pollution per 100k people

MY
63.0
IS
8.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

MY
8.3t
IS
8.5t

Malaysia generally does better on environment, though Iceland leads in air pollution deaths.

Will I have good infrastructure?

Broadband per 100 people United Nations SDG Indicators, 2022

fixed broadband subscriptions — key for remote work

MY
12.4
IS
38.2
Water stress level United Nations SDG Indicators, 2021

higher means greater strain on freshwater supply

MY
3.4%
IS
0.4%

Iceland performs significantly better than Malaysia across all infrastructure metrics.

What are the job prospects?

Unemployment rate The World Factbook, 2023

percentage of the labour force without work

MY
3.9%
IS
3.6%
GDP per capita The World Factbook, 2023

a broad measure of economic output per person

MY
$33,600
IS
$66,500

Malaysia generally does better on employment & economy, though Iceland leads in unemployment rate.

Is it good for families?

Life expectancy The World Factbook, 2022

average years of life at birth

MY
76.1 yrs
IS
83.6 yrs
Infant mortality The World Factbook, 2022

deaths per 1,000 live births — lower is better

MY
6.6
IS
1.6

Iceland performs significantly better than Malaysia across all family life metrics.

Data: Inland Revenue Board of Malaysia, The World Factbook, United Nations SDG Indicators, World Bank

What's the Climate Like?

Monthly averages — select a city to compare.

Kuala Lumpur Rain: 95.6 in/yr (2427 mm)
90° / 74°F

Avg. annual high / low

Reykjavik Rain: 31.4 in/yr (798 mm)
45° / 35°F

Avg. annual high / low

Months Kuala Lumpur Reykjavik
Jan–Mar 91°/73°F (33°/23°C) 37°/28°F (3°/-2°C)
Apr–Jun 91°/75°F (33°/24°C) 48°/38°F (9°/4°C)
Jul–Sep 90°/74°F (32°/23°C) 54°/45°F (12°/7°C)
Oct–Dec 89°/74°F (32°/23°C) 39°/31°F (4°/-1°C)
View all months
Month Kuala Lumpur Reykjavik
Jan 90°/72°F (32.1°/22.5°C) 35°/27°F (1.9°/-3.0°C)
Feb 91°/73°F (32.9°/22.8°C) 37°/28°F (2.8°/-2.1°C)
Mar 92°/74°F (33.2°/23.2°C) 38°/28°F (3.2°/-2.0°C)
Apr 92°/75°F (33.1°/23.7°C) 42°/33°F (5.7°/0.4°C)
May 91°/75°F (32.9°/23.9°C) 49°/38°F (9.4°/3.6°C)
Jun 91°/74°F (32.7°/23.6°C) 53°/44°F (11.7°/6.7°C)
Jul 90°/74°F (32.3°/23.2°C) 56°/47°F (13.3°/8.3°C)
Aug 90°/74°F (32.3°/23.1°C) 55°/46°F (13.0°/7.9°C)
Sep 90°/74°F (32.1°/23.2°C) 50°/41°F (10.1°/5.0°C)
Oct 90°/74°F (32.1°/23.2°C) 44°/36°F (6.8°/2.2°C)
Nov 89°/74°F (31.6°/23.2°C) 38°/30°F (3.4°/-1.3°C)
Dec 89°/73°F (31.5°/22.9°C) 36°/27°F (2.2°/-2.8°C)

Data: Malaysian Meteorological Department Malaysian Meteorological Department, Icelandic Meteorological Office Icelandic Meteorological Office

Visitor Visa Requirements

Short-stay tourist visa rules between Malaysia and Iceland. To live, work, or study long-term in Iceland, you'll need a separate residence or work visa — check Iceland's immigration authority.

Malaysia passport

Malaysia passport holder visiting Iceland

Visa Free
Malaysia passport holders can enter Iceland without a visa.
Iceland passport

Iceland passport holder visiting Malaysia

Visa Free
Iceland passport holders can enter Malaysia without a visa.

Data: Henley Passport Index. Check with the destination country's embassy for the most current requirements.

Frequently Asked Questions

Is it cheaper to live in Iceland than Malaysia?

Day-to-day costs in Iceland run about 193% higher than Malaysia on average; specific cities can swing further.

How much money do I need to move to Iceland?

A safe rule of thumb is 3 months of local expenses plus relocation costs. On a MYR307,192 comparable salary, that's around ISK6,889,974 in Iceland for everyday spending, before flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Iceland?

With 38.2 fixed broadband subscriptions per 100 people, Iceland can support video calls in major cities. The hard part is paperwork — visa category, employer policy on overseas staff, and tax residency in Malaysia and Iceland.

Is Iceland safe for expats?

Iceland generally does better on safety, though Malaysia leads in homicide rate. The homicide rate in Iceland is 1.1 per 100,000 people, compared to 0.7 in Malaysia. About 91% of people in Iceland feel safe walking alone at night.

How is healthcare in Iceland compared to Malaysia?

Malaysia generally does better on health & wellbeing, though Iceland leads in doctors per 10,000 people. There are 45.2 doctors per 10,000 people in Iceland, compared to 23.2 in Malaysia. Iceland scores 89 on the WHO universal health coverage index (Malaysia: 76).

What's the weather like in Iceland compared to Malaysia?

The average high temperature in Reykjavik is 45°F, compared to 90°F in Kuala Lumpur. Reykjavik receives around 31.4 in of rainfall per year, while Kuala Lumpur gets 95.6 in.

What language do they speak in Iceland?

The official language in Iceland is Icelandic. In Malaysia, the official languages are English and Malay.

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At a Glance

MY IS
Population 33,871,431 357,603
Currency Malaysian Ringgit (MYR) Icelandic Króna (ISK)
Languages English, Malay Icelandic
Driving side Left Right
Calling code +60 +354
Time zones 1 1
Emergency number 999 112