Cost of living comparison
Libya is 73.2% cheaper than Iceland.
If you lived in Libya instead of Iceland, you would:
pay 82.1% less for restaurants
Iceland
|
Libya
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,691
|
$4.61
LYD22.350
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,350
|
$4.10
LYD19.870
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK390
|
$0.48
LYD2.300
|
|
Bottle of water (11 fl. oz) |
$2.02
ISK280
|
$0.13
LYD0.650
|
|
pay 65.4% less for groceries
Iceland
|
Libya
|
||
---|---|---|---|
Bread
1 loaf
|
$2.95
ISK410
|
$0.29
LYD1.430
|
|
Local cheese (8 oz) |
$7.27
ISK1,008
|
$2.75
LYD13.360
|
|
Milk (1 gallon) |
$6.01
ISK833
|
$3.55
LYD17.210
|
|
Eggs
1 dozen
|
$5.42
ISK752
|
$1.68
LYD8.170
|
|
Boneless chicken breast (1 lb) |
$8.51
ISK1,180
|
$1.56
LYD7.570
|
|
Apples (1 lb) |
$1.22
ISK170
|
$0.71
LYD3.440
|
|
Bananas (1 lb) |
$1.03
ISK142
|
$0.60
LYD2.900
|
|
Oranges (1 lb) |
$1.17
ISK162
|
$0.42
LYD2.050
|
|
Tomatoes (1 lb) |
$1.87
ISK260
|
$0.24
LYD1.190
|
|
Potatoes (1 lb) |
$1.23
ISK171
|
$0.28
LYD1.340
|
|
Onions (1 lb) |
$0.78
ISK109
|
$0.29
LYD1.390
|
|
pay 69.1% less for transportation
Iceland
|
Libya
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.36
ISK1,160
|
$0.12
LYD0.560
|
|
Monthly public transit pass |
$71.28
ISK9,889
|
$23.74
LYD115.130
|
|
New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,641,260
|
$16,046.81
LYD77,827.020
|
|
Taxi trip in downtown area (5 miles) |
$22.04
ISK3,057
|
$10.88
LYD52.780
|
|
pay 77.9% less for housing
Iceland
|
Libya
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,013
|
$29.85
LYD144.790
|
|
1-Bedroom apartment in downtown area |
$1,838.04
ISK255,009
|
$191.92
LYD930.830
|
|
1-Bedroom apartment outside city center |
$1,497.77
ISK207,801
|
$108.81
LYD527.720
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,049
|
$17.03
LYD82.600
|
|
pay 78.5% less for childcare
Iceland
|
Libya
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$258.16
ISK35,818
|
$58.75
LYD284.950
|
|
Middle school for 1 child, two semesters |
$5,993.99
ISK831,607
|
$1,219.10
LYD5,912.640
|
|
pay 77.3% less for entertainment and sports
Iceland
|
Libya
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.19
ISK1,275
|
$0.68
LYD3.310
|
|
Cappuccino in mid-range area |
$4.65
ISK645
|
$0.63
LYD3.040
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,631
|
$2.33
LYD11.300
|
|
Monthly membership at local gym |
$61.46
ISK8,527
|
$25.64
LYD124.370
|
|
Movie ticket to theater/cinema |
$14.35
ISK1,991
|
$4.44
LYD21.530
|
|
pay 62.4% less for clothing
Iceland
|
Libya
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$111.23
ISK15,432
|
$32.50
LYD157.600
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,281
|
$32.80
LYD159.070
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,533
|
$45.23
LYD219.380
|
|
Men's business shoes (leather) |
$184.49
ISK25,597
|
$65.98
LYD320.010
|
|
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