Published: Monday, 21th October 2024
The cost of living in Maldives is 1.95 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between Maldives and Iceland. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Maldives and Iceland.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 10,000 MVR (650 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center ![]() | 20,000 MVR (1,300 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center ![]() | 30,000 MVR (1,950 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center ![]() | 6,000 MVR (390 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center ![]() | 12,000 MVR (780 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center ![]() | 18,000 MVR (1,170 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month ![]() | 12 % | 4 % |
Realtor Commission ![]() | 2 % | 2 % |
Property Taxes ![]() | Yet to Update | 0.2 to 1.65 % |
The average housing cost in Maldives is 1.75 times less expensive than Iceland.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Basic Home Furnishing ![]() | 20,000 MVR (1,300 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month ![]() | 800 MVR (52 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month ![]() | 300 MVR (19.50 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month ![]() | 250 MVR (16.25 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month ![]() | 300 MVR (19.50 USD) | 5,000 ISK (35.50 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 44.94% less for Utilities.
The basic home furnishing in Maldives costs 1.64 times less compared to Iceland.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 300 MVR (19.50 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 200 MVR (13 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month ![]() | 100 MVR (6.50 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 300 MVR (19.50 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 68.31% less in Maldives compared to Iceland.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 20 MVR (1.30 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter) ![]() | 15 MVR (0.98 USD) | 250 ISK (1.78 USD) |
Water (1 Liter) ![]() | 2 MVR (0.13 USD) | 50 ISK (0.36 USD) |
Bread (500 gm) ![]() | 10 MVR (0.65 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen) ![]() | 25 MVR (1.63 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG) ![]() | 60 MVR (3.90 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG) ![]() | 50 MVR (3.25 USD) | 1,000 ISK (7.10 USD) |
In Maldives, the cost of 1 Liter Water and 1 Liter Milk is 1.93 times less expensive than the cost in Iceland.
If you lived in Maldives, instead of Iceland, you would have to pay 54.35% less for Groceries.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Apples (1 KG) ![]() | 25 MVR (1.63 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG) ![]() | 15 MVR (0.98 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG) ![]() | 20 MVR (1.30 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG) ![]() | 15 MVR (0.98 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG) ![]() | 10 MVR (0.65 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG) ![]() | 25 MVR (1.63 USD) | 700 ISK (4.97 USD) |
Onions (1 KG) ![]() | 15 MVR (0.98 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG) ![]() | 20 MVR (1.30 USD) | 600 ISK (4.26 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 3.69 times less for Fruits and Vegetables.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 60 MVR (3.90 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two ![]() | 200 MVR (13 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal ![]() | 50 MVR (3.25 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee ![]() | 25 MVR (1.63 USD) | 500 ISK (3.55 USD) |
Soft Drink ![]() | 10 MVR (0.65 USD) | 300 ISK (2.13 USD) |
Pizza for One ![]() | 80 MVR (5.20 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal ![]() | 80 MVR (5.20 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20 ![]() | 50 MVR (3.25 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 75.57% less in Maldives compared to Iceland.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 150 MVR (9.75 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine ![]() | 50 MVR (3.25 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter ![]() | 20 MVR (1.30 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter ![]() | 40 MVR (2.60 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter ![]() | 100 MVR (6.50 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter ![]() | 200 MVR (13 USD) | 4,000 ISK (28.40 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 2.26 times less for usual hard drinks.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 300 MVR (19.50 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket ![]() | 10 MVR (0.65 USD) | 400 ISK (2.84 USD) |
Single Train Ticket ![]() | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket ![]() | 1,500 MVR (97.50 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare ![]() | 30 MVR (1.95 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer ![]() | 10 MVR (0.65 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day ![]() | 200 MVR (13 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour ![]() | 20 MVR (1.30 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour ![]() | 10 MVR (0.65 USD) | 300 ISK (2.13 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 3.00 times less for transportation.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 100,000 MVR (6,500 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost ![]() | 1,000 MVR (65 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees ![]() | 500 MVR (32.50 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost ![]() | 5,000 MVR (325 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost ![]() | 3,000 MVR (195 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates ![]() | 6 % | 5 % |
Fuel Per Liter ![]() | 20 MVR (1.30 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon ![]() | 80 MVR (5.20 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees ![]() | Yet to Update | 1,000 ISK 7.10 USD |
You would have to pay 4.06 times less for Vehicle purchase, daily operation and maintenance in Maldives compared to that of Iceland.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Doctor Visit ![]() | 300 MVR (19.50 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit ![]() | 500 MVR (32.50 USD) | 10,000 ISK (71 USD) |
Dentist Visit ![]() | 400 MVR (26 USD) | 8,000 ISK (56.80 USD) |
Eye Exam ![]() | 200 MVR (13 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling ![]() | 500 MVR (32.50 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening ![]() | 400 MVR (26 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy ![]() | 500 MVR (32.50 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit ![]() | 1,000 MVR (65 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night ![]() | 2,000 MVR (130 USD) | 25,000 ISK (177.50 USD) |
Vaccinations ![]() | 300 MVR (19.50 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication ![]() | 150 MVR (9.75 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication ![]() | 50 MVR (3.25 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums ![]() | 800 MVR (52 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles ![]() | 300 MVR (19.50 USD) | 5,000 ISK (35.50 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 1.68 times less for Health and Medical Treatment.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Cosmetic Procedures ![]() | 2,000 MVR (130 USD) | 30,000 ISK (213 USD) |
Spa Treatment ![]() | 500 MVR (32.50 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost ![]() | 150 MVR (9.75 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost ![]() | 800 MVR (52 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost ![]() | 300 MVR (19.50 USD) | 5,000 ISK (35.50 USD) |
Haircuts ![]() | 100 MVR (6.50 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring ![]() | 400 MVR (26 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price ![]() | 30 MVR (1.95 USD) | 500 ISK (3.55 USD) |
Toothpaste Price ![]() | 15 MVR (0.98 USD) | 200 ISK (1.42 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 1.70 times less for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 800 MVR (52 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt ![]() | 200 MVR (13 USD) | 5,000 ISK (35.50 USD) |
Women's Dress ![]() | 400 MVR (26 USD) | 10,000 ISK (71 USD) |
Summer Dress ![]() | 300 MVR (19.50 USD) | 5,000 ISK (35.50 USD) |
Men's Suit ![]() | 1,000 MVR (65 USD) | 40,000 ISK (284 USD) |
Men's Jeans ![]() | 400 MVR (26 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans ![]() | 400 MVR (26 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes ![]() | 400 MVR (26 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes ![]() | 400 MVR (26 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes ![]() | 300 MVR (19.50 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes ![]() | 300 MVR (19.50 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men ![]() | 50 MVR (3.25 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women ![]() | 60 MVR (3.90 USD) | 1,200 ISK (8.52 USD) |
Socks For Men ![]() | 20 MVR (1.30 USD) | 300 ISK (2.13 USD) |
Socks For Women ![]() | 20 MVR (1.30 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults ![]() | 800 MVR (52 USD) | 8,000 ISK (56.80 USD) |
Sportswear ![]() | 400 MVR (26 USD) | 6,000 ISK (42.60 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 2.24 times less for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Children's Jeans ![]() | 200 MVR (13 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers ![]() | 300 MVR (19.50 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat ![]() | 400 MVR (26 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant ![]() | 2,000 MVR (130 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler ![]() | 1,800 MVR (117 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days ![]() | 800 MVR (52 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs ![]() | 1,500 MVR (97.50 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities ![]() | 1,500 MVR (97.50 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids ![]() | 3,000 MVR (195 USD) | 8,000 ISK (56.80 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 1.37 times more for Childcare and kids clothing.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
PreSchool Fees ![]() | 3,000 MVR (195 USD) | 30,000 ISK (213 USD) |
Primary School Fees ![]() | 6,000 MVR (390 USD) | 40,000 ISK (284 USD) |
Secondary School Fees ![]() | 10,000 MVR (650 USD) | 60,000 ISK (426 USD) |
Private School Fees ![]() | 15,000 MVR (975 USD) | 80,000 ISK (568 USD) |
University Tuition Fees ![]() | 50,000 MVR (3,250 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees ![]() | 80,000 MVR (5,200 USD) | 200,000 ISK (1,420 USD) |
After School Activities ![]() | 1,500 MVR (97.50 USD) | 5,000 ISK (35.50 USD) |
Special Education Services ![]() | 2,000 MVR (130 USD) | 7,000 ISK (49.70 USD) |
Tutoring ![]() | 800 MVR (52 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost ![]() | 500 MVR (32.50 USD) | 4,000 ISK (28.40 USD) |
School Supplies ![]() | 300 MVR (19.50 USD) | 2,000 ISK (14.20 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 2.66 times more for school and education.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 150 MVR (9.75 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single) ![]() | 250 MVR (16.25 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single) ![]() | 300 MVR (19.50 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single) ![]() | 500 MVR (32.50 USD) | 1,500 ISK (10.65 USD) |
Gym Membership ![]() | 300 MVR (19.50 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access ![]() | 200 MVR (13 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket ![]() | 50 MVR (3.25 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket ![]() | 100 MVR (6.50 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket ![]() | 200 MVR (13 USD) | 2,000 ISK (14.20 USD) |
Bowling ![]() | 80 MVR (5.20 USD) | 1,000 ISK (7.10 USD) |
Mini Golf ![]() | 60 MVR (3.90 USD) | 1,500 ISK (10.65 USD) |
Video Games ![]() | 500 MVR (32.50 USD) | 5,000 ISK (35.50 USD) |
Streaming Services ![]() | 100 MVR (6.50 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental ![]() | 100 MVR (6.50 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass ![]() | 2,000 MVR (130 USD) | 50,000 ISK (355 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 1.83 times less for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Language Classes ![]() | 1,200 MVR (78 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes ![]() | 800 MVR (52 USD) | 5,000 ISK (35.50 USD) |
Art Classes ![]() | 400 MVR (26 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes ![]() | 150 MVR (9.75 USD) | 6,000 ISK (42.60 USD) |
Music Lessons ![]() | 300 MVR (19.50 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons ![]() | 300 MVR (19.50 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes ![]() | 100 MVR (6.50 USD) | 1,000 ISK (7.10 USD) |
Educational Software ![]() | 1,000 MVR (65 USD) | 3,000 ISK (21.30 USD) |
If you lived in Maldives, instead of Iceland, you would have to pay 1.26 times more for Private Classes.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 15,000 MVR (975 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary ![]() | 12,000 MVR (780 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages ![]() | 133.33 MVR per hour (8.67 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus ![]() | 1,000 MVR (65 USD) | 40,000 ISK (284 USD) |
Income Tax Rate ![]() | 0 to 6 % | 0 to 24 % |
Social Security Contributions ![]() | 8 % | 7 % |
Pension Contributions ![]() | 5 % | 8 % |
Cost of Living Index ![]() | 70 | 12 |
Median Household Income ![]() | 10,000 MVR (650 USD) | 400,000 ISK (2,840 USD) |
If you lived in Maldives, you would earn 3.57 times less salary as compared to Iceland.
![]() Indicators ![]() | ![]() Maldives ![]() | ![]() Iceland ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 800 MVR (52 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate ![]() | 600 MVR (39 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate ![]() | 500 MVR (32.50 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate ![]() | 600 MVR (39 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 1.14 times less in Maldives, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between Maldives and Iceland.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.