Cost of living comparison
Liberia is 25.4% cheaper than Iceland.
If you lived in Liberia instead of Iceland, you would:
pay 13.0% less for restaurants
Iceland
|
Liberia
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$17.84
ISK2,504
|
$12.50
LRD2,420.62
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
ISK2,003
|
$12.50
LRD2,420.62
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.32
ISK325
|
$1.50
LRD290.47
|
|
Bottle of water (11 fl. oz) |
$2.12
ISK298
|
$2.67
LRD516.40
|
|
pay 30.7% more for groceries
Iceland
|
Liberia
|
||
---|---|---|---|
Bread
1 loaf
|
$3.42
ISK481
|
$1.36
LRD264.27
|
|
Local cheese (8 oz) |
$5.98
ISK840
|
$10.00
LRD1,936.50
|
|
Milk (1 gallon) |
$5.33
ISK748
|
$6.37
LRD1,233.95
|
|
Eggs
1 dozen
|
$5.66
ISK794
|
$5.33
LRD1,032.80
|
|
Boneless chicken breast (1 lb) |
$7.09
ISK996
|
$4.48
LRD866.94
|
|
Apples (1 lb) |
$1.16
ISK163
|
$0.91
LRD175.68
|
|
Bananas (1 lb) |
$0.98
ISK138
|
$1.25
LRD242.49
|
|
Oranges (1 lb) |
$1.17
ISK164
|
$1.81
LRD351.35
|
|
Tomatoes (1 lb) |
$1.84
ISK258
|
$2.36
LRD457.16
|
|
Potatoes (1 lb) |
$0.96
ISK134
|
$1.04
LRD202.33
|
|
Onions (1 lb) |
$0.51
ISK72
|
$1.82
LRD351.96
|
|
pay 59.3% less for transportation
Iceland
|
Liberia
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.03
ISK1,128
|
$3.94
LRD762.24
|
|
Monthly public transit pass |
$77.40
ISK10,866
|
?? | |
New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
ISK4,189,091
|
$5,069.87
LRD981,780.54
|
|
Taxi trip in downtown area (5 miles) |
$23.97
ISK3,365
|
$13.44
LRD2,603.03
|
|
pay 11.4% more for housing
Iceland
|
Liberia
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
ISK8,761
|
$49.87
LRD9,658.27
|
|
1-Bedroom apartment in downtown area |
$1,437.14
ISK201,775
|
$680.33
LRD131,746.35
|
|
1-Bedroom apartment outside city center |
$1,215.63
ISK170,674
|
$158.33
LRD30,661.24
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
ISK9,636
|
$209.64
LRD40,597.00
|
|
pay 52.1% less for childcare
Iceland
|
Liberia
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$259.34
ISK36,412
|
$132.44
LRD25,647.18
|
|
Middle school for 1 child, two semesters |
$2,750.10
ISK386,114
|
$1,227.33
LRD237,672.71
|
|
pay 24.1% less for entertainment and sports
Iceland
|
Liberia
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$8.52
ISK1,196
|
$2.50
LRD484.12
|
|
Cappuccino in mid-range area |
$4.15
ISK583
|
$3.67
LRD710.05
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
ISK1,493
|
$6.87
LRD1,331.32
|
|
Monthly membership at local gym |
$56.90
ISK7,989
|
$66.50
LRD12,877.69
|
|
Movie ticket to theater/cinema |
$12.27
ISK1,723
|
$9.87
LRD1,912.27
|
|
pay 71.2% less for clothing
Iceland
|
Liberia
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$118.08
ISK16,578
|
$11.22
LRD2,172.08
|
|
Regular dress
from H&M or similar store
|
$50.39
ISK7,075
|
$26.58
LRD5,147.84
|
|
Running shoes
Nike or Adidas
|
$151.12
ISK21,217
|
$48.33
LRD9,359.75
|
|
Men's business shoes (leather) |
$175.20
ISK24,598
|
$36.50
LRD7,068.19
|
|
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