Cost of living comparison
compared to
Reykjavik vs. Liberia Cost of Living Summary
Reykjavik is 2.4 times more expensive than Liberia.
- Restaurants
-
pay 2.2 times more in Reykjavik
- Groceries
-
pay 76.1% more in Reykjavik
- Transportation
-
pay 66.8% more in Reykjavik
- Housing
-
pay 4.8 times more in Reykjavik
- Childcare
-
pay 49.1% more in Reykjavik
- Entertainment and Sports
-
pay 2.9 times more in Reykjavik
- Clothing
-
pay 2.2 times more in Reykjavik
The cost of housing, entertainment and sports, clothing, restaurants, groceries, and transportation in Reykjavik are more expensive than in Liberia. Notably, housing, entertainment and sports, and clothing are significantly more expensive in Reykjavik.
Reykjavik vs. Liberia Cost Breakdown
If you lived in Reykjavik instead of Liberia, you would:
pay 2.2 times more for restaurants
|
Liberia
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$9.91
CRC4,838.51
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.91
CRC4,838.51
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.82
CRC890.29
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$1.49
CRC725.78
|
$2.70
ISK345
|
|
Liberia vs. Reykjavik - Cost of restaurants
pay 76.1% more for groceries
|
Liberia
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.64
CRC1,288.25
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$3.57
CRC1,741.86
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$7.78
CRC3,801.22
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$2.88
CRC1,404.76
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$3.26
CRC1,591.17
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$1.94
CRC946.86
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$0.63
CRC307.26
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$1.02
CRC497.47
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$1.30
CRC636.47
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$1.55
CRC755.52
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$1.06
CRC515.76
|
$1.13
ISK145
|
|
Liberia vs. Reykjavik - Cost of groceries
pay 66.8% more for transportation
|
Liberia
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.39
CRC2,631.82
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$49.53
CRC24,192.53
|
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$37,640.45
CRC18,386,324.93
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$16.12
CRC7,872.25
|
$28.07
ISK3,592
|
|
Liberia vs. Reykjavik - Cost of transportation
pay 4.8 times more for housing
|
Liberia
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$36.32
CRC17,741.19
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$297.16
CRC145,155.20
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$237.73
CRC116,124.16
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.88
CRC33,646.32
|
$60.87
ISK7,791
|
|
Liberia vs. Reykjavik - Cost of housing
pay 49.1% more for childcare
|
Liberia
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$600.27
CRC293,213.50
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters |
$12,605.72
CRC6,157,549.18
|
$30,711.08
ISK3,930,404
|
|
Liberia vs. Reykjavik - Cost of childcare
pay 2.9 times more for entertainment and sports
|
Liberia
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.48
CRC1,209.63
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$3.19
CRC1,556.39
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.56
CRC2,225.71
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$44.24
CRC21,612.00
|
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$8.42
CRC4,112.73
|
$17.18
ISK2,199
|
|
Liberia vs. Reykjavik - Cost of entertainment and sports
pay 2.2 times more for clothing
|
Liberia
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$59.43
CRC29,031.04
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$33.81
CRC16,515.44
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$120.28
CRC58,753.29
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$82.21
CRC40,159.60
|
$248.79
ISK31,840
|
|
Liberia vs. Reykjavik - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
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