Cost of living comparison
Iceland is 6.7 times more expensive than Libya.
If you lived in Iceland instead of Libya, you would:
pay 6.6 times more for restaurants
Libya
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$3.94
LYD19.150
|
$17.84
ISK2,489
|
|
Fast food combo meal
McDonalds, or similar
|
$3.22
LYD15.640
|
$14.27
ISK1,991
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.49
LYD2.370
|
$2.32
ISK323
|
|
Bottle of water (11 fl. oz) |
$0.17
LYD0.800
|
$2.12
ISK296
|
|
pay 3.7 times more for groceries
Libya
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$0.37
LYD1.800
|
$3.42
ISK478
|
|
Local cheese (8 oz) |
$2.83
LYD13.750
|
$5.98
ISK835
|
|
Milk (1 gallon) |
$3.47
LYD16.830
|
$5.33
ISK743
|
|
Eggs
1 dozen
|
$1.31
LYD6.380
|
$5.66
ISK790
|
|
Boneless chicken breast (1 lb) |
$1.46
LYD7.090
|
$7.09
ISK990
|
|
Apples (1 lb) |
$0.73
LYD3.570
|
$1.16
ISK162
|
|
Bananas (1 lb) |
$0.49
LYD2.390
|
$0.98
ISK137
|
|
Oranges (1 lb) |
$0.37
LYD1.780
|
$1.17
ISK163
|
|
Tomatoes (1 lb) |
$0.26
LYD1.260
|
$1.84
ISK256
|
|
Potatoes (1 lb) |
$0.30
LYD1.450
|
$0.96
ISK134
|
|
Onions (1 lb) |
$0.30
LYD1.450
|
$0.51
ISK71
|
|
pay 17.9 times more for transportation
Libya
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$0.13
LYD0.620
|
$8.03
ISK1,121
|
|
Monthly public transit pass |
$21.37
LYD103.810
|
$77.40
ISK10,800
|
|
New Volkswagen Golf 1.4 (standard edition) |
$17,497.81
LYD84,987.300
|
$29,836.83
ISK4,163,431
|
|
Taxi trip in downtown area (5 miles) |
$7.82
LYD37.970
|
$23.97
ISK3,344
|
|
pay 6.5 times more for housing
Libya
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$32.87
LYD159.650
|
$62.40
ISK8,708
|
|
1-Bedroom apartment in downtown area |
$163.31
LYD793.210
|
$1,437.14
ISK200,539
|
|
1-Bedroom apartment outside city center |
$92.59
LYD449.720
|
$1,215.63
ISK169,628
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$29.37
LYD142.660
|
$68.63
ISK9,577
|
|
pay 3.5 times more for childcare
Libya
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$59.72
LYD290.080
|
$259.34
ISK36,189
|
|
Middle school for 1 child, two semesters |
$998.54
LYD4,849.940
|
$2,750.10
ISK383,749
|
|
pay 5.4 times more for entertainment and sports
Libya
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$0.82
LYD4.000
|
$8.52
ISK1,189
|
|
Cappuccino in mid-range area |
$0.59
LYD2.850
|
$4.15
ISK579
|
|
Pack of cigarettes
Marlboro or similar
|
$2.52
LYD12.240
|
$10.64
ISK1,484
|
|
Monthly membership at local gym |
$19.79
LYD96.100
|
$56.90
ISK7,940
|
|
Movie ticket to theater/cinema |
$5.42
LYD26.350
|
$12.27
ISK1,713
|
|
pay 3.1 times more for clothing
Libya
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$27.92
LYD135.630
|
$118.08
ISK16,476
|
|
Regular dress
from H&M or similar store
|
$30.65
LYD148.890
|
$50.39
ISK7,031
|
|
Running shoes
Nike or Adidas
|
$42.32
LYD205.550
|
$151.12
ISK21,087
|
|
Men's business shoes (leather) |
$60.04
LYD291.600
|
$175.20
ISK24,447
|
|
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