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Penang or Reykjavik

Comprehensive comparison between Penang (Malaysia) and Reykjavik (Iceland). Analyze differences in purchasing power, housing, safety, and visas to make your next move.

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Frequently Asked Questions

Based on 2026 cost of living data, Penang is more affordable than Reykjavik. Penang has a cost rating of 30/100, while Reykjavik has a cost rating of 94/100.
In terms of safety, Reykjavik ranks higher with a safety score of 82/100, compared to Penang at 98/100. Penang's safety score is 82/100 and Reykjavik's safety score is 98/100.
Average rent in Penang is typically €350 - €650 per month, whereas typical rent in Reykjavik averages €1,600 - €2,400 per month.
For Penang, the visa process is rated as: DE Rantau Nomad Visa & MM2H (Malaysia’s DE Rantau Nomad Visa grants remote workers up to 2 years residence (~$24k/yr income), alongside MM2H long-term residency.). For Reykjavik, the process is rated as: Iceland Long-Term Remote Worker Visa (Iceland’s Remote Worker Visa allows non-EEA remote professionals to reside 180 days with proof of monthly income (~$7.5k/mo).).