Cost of living comparison
Libya is 70.5% cheaper than Iceland.
If you lived in Libya instead of Iceland, you would:
pay 81.6% less for restaurants
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.84
kr2,453
|
$3.94
LYD19.010
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr1,963
|
$3.22
LYD15.520
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr319
|
$0.49
LYD2.350
|
|
| Bottle of water (11 fl. oz) |
$2.12
kr292
|
$0.17
LYD0.800
|
|
pay 62.2% less for groceries
|
Iceland
|
Libya
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.42
kr471
|
$0.37
LYD1.790
|
|
| Local cheese (8 oz) |
$5.98
kr823
|
$2.83
LYD13.650
|
|
| Milk (1 gallon) |
$5.33
kr732
|
$3.47
LYD16.700
|
|
|
Eggs
1 dozen
|
$5.66
kr778
|
$1.31
LYD6.330
|
|
| Boneless chicken breast (1 lb) |
$7.09
kr976
|
$1.46
LYD7.040
|
|
| Apples (1 lb) |
$1.16
kr160
|
$0.73
LYD3.540
|
|
| Bananas (1 lb) |
$0.98
kr135
|
$0.49
LYD2.380
|
|
| Oranges (1 lb) |
$1.17
kr161
|
$0.37
LYD1.760
|
|
| Tomatoes (1 lb) |
$1.84
kr253
|
$0.26
LYD1.250
|
|
| Potatoes (1 lb) |
$0.96
kr132
|
$0.30
LYD1.440
|
|
| Onions (1 lb) |
$0.51
kr70
|
$0.30
LYD1.440
|
|
pay 69.9% less for transportation
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.03
kr1,105
|
$0.13
LYD0.610
|
|
| Monthly public transit pass |
$77.40
kr10,646
|
$21.37
LYD103.020
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,104,056
|
$17,497.81
LYD84,339.460
|
|
| Taxi trip in downtown area (5 miles) |
$23.97
kr3,297
|
$7.82
LYD37.680
|
|
pay 71.4% less for housing
|
Iceland
|
Libya
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,583
|
$32.87
LYD158.440
|
|
| 1-Bedroom apartment in downtown area |
$1,437.14
kr197,679
|
$163.31
LYD787.170
|
|
| 1-Bedroom apartment outside city center |
$1,215.63
kr167,209
|
$92.59
LYD446.300
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,440
|
$29.37
LYD141.580
|
|
pay 70.3% less for childcare
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$259.34
kr35,673
|
$59.72
LYD287.870
|
|
| Middle school for 1 child, two semesters |
$2,750.10
kr378,276
|
$998.54
LYD4,812.970
|
|
pay 74.7% less for entertainment and sports
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.52
kr1,172
|
$0.82
LYD3.970
|
|
| Cappuccino in mid-range area |
$4.15
kr571
|
$0.59
LYD2.820
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,463
|
$2.52
LYD12.140
|
|
| Monthly membership at local gym |
$56.90
kr7,827
|
$19.79
LYD95.370
|
|
| Movie ticket to theater/cinema |
$12.27
kr1,688
|
$5.42
LYD26.150
|
|
pay 63.3% less for clothing
|
Iceland
|
Libya
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$118.08
kr16,241
|
$27.92
LYD134.600
|
|
|
Regular dress
from H&M or similar store
|
$50.39
kr6,931
|
$30.65
LYD147.760
|
|
|
Running shoes
Nike or Adidas
|
$151.12
kr20,786
|
$42.32
LYD203.990
|
|
| Men's business shoes (leather) |
$175.20
kr24,098
|
$60.04
LYD289.380
|
|
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