Cost of living comparison

Liberia

compared to

Iceland

Iceland vs. Liberia Cost of Living Summary

Iceland is 3.3 times more expensive than Liberia overall.

Restaurants: pay 2.6 times more in Iceland
Groceries: pay 5.8% less in Iceland
Transportation: pay 2.3 times more in Iceland
Housing: pay 7.2 times more in Iceland
Childcare: pay 15.2 times more in Iceland
Entertainment and Sports: pay 2.3 times more in Iceland
Clothing: pay 3.0 times more in Iceland

The cost of childcare, housing, clothing, restaurants, transportation, and entertainment and sports in Iceland are more expensive than in Liberia. Notably, childcare, housing, and clothing are significantly more expensive in Iceland.

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Iceland vs. Liberia Cost Breakdown

If you lived in Iceland instead of Liberia, you would:

Display currency: USD

pay 2.6 times more for restaurants

	Liberia	Iceland
Basic meal with drink at inexpensive restaurant	$7.50 LRD1,277.81	$28.88 ISK3,517	+285.0%
Fast food combo meal McDonalds, or similar	$11.00 LRD1,874.13	$22.83 ISK2,781	+107.6%
Bottle of Coca-Cola (11 fl. oz)	$2.00 LRD340.75	$3.25 ISK395	+62.3%
Bottle of water (11 fl. oz)	$2.00 LRD340.75	$3.01 ISK367	+50.5%
Average			+159.0%

Liberia vs. Iceland - Cost of restaurants

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pay 5.8% less for groceries

	Liberia	Iceland
Bread 1 loaf	$1.79 LRD305.19	$3.55 ISK433	+98.4%
Local cheese (8 oz)	$3.86 LRD657.32	$10.11 ISK1,232	+162.1%
Milk (1 gallon)	$8.01 LRD1,364.95	$7.79 ISK949	-2.7%
Eggs 1 dozen	$3.60 LRD613.35	$6.92 ISK843	+92.3%
Boneless chicken breast (1 lb)	$5.38 LRD915.77	$11.01 ISK1,341	+104.9%
Apples (1 lb)	$0.74 LRD126.49	$1.43 ISK174	+92.1%
Bananas (1 lb)	$3.83 LRD653.11	$1.23 ISK149	-68.0%
Oranges (1 lb)	$4.67 LRD795.09	$1.42 ISK173	-69.6%
Tomatoes (1 lb)	$5.00 LRD851.88	$2.60 ISK317	-47.9%
Potatoes (1 lb)	$1.00 LRD170.38	$1.71 ISK208	+70.9%
Onions (1 lb)	$4.83 LRD823.48	$0.76 ISK92	-84.4%
Average			-5.8%

Liberia vs. Iceland - Cost of groceries

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pay 2.3 times more for transportation

	Liberia	Iceland
Gasoline (1 gallon)	$4.69 LRD799.63	$8.09 ISK985	+72.3%
Monthly public transit pass	$20.00 LRD3,407.51	$80.58 ISK9,813	+302.9%
New Volkswagen Golf 1.4 (standard edition)	$20,000.00 LRD3M	$48,967.53 ISK6M	+144.8%
Taxi trip in downtown area (5 miles)	$16.91 LRD2,881.54	$26.24 ISK3,195	+55.1%
Average			+134.3%

Liberia vs. Iceland - Cost of transportation

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pay 7.2 times more for housing

	Liberia	Iceland
Internet connection 50 mbps or faster, cable/dsl	$180.00 LRD30,667.56	$98.24 ISK11,964	-45.4%
1-Bedroom apartment in downtown area	$250.00 LRD42,593.83	$2,335.24 ISK284K	+834.1%
1-Bedroom apartment outside city center	$95.00 LRD16,185.66	$1,824.40 ISK222K	+1820.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$115.47 LRD19,673.34	$72.34 ISK8,809	-37.4%
Average			+620.9%

Liberia vs. Iceland - Cost of housing

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pay 15.2 times more for childcare

	Liberia	Iceland
Private preschool for 1 child, monthly	$100.00 LRD17,037.53	$833.66 ISK102K	+733.7%
Middle school for 1 child, two semesters	$1,000.00 LRD170K	$27,752.37 ISK3M	+2675.2%
Average			+1421.1%

Liberia vs. Iceland - Cost of childcare

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pay 2.3 times more for entertainment and sports

	Liberia	Iceland
Domestic/local beer (1 pint)	$4.00 LRD681.50	$11.37 ISK1,385	+184.3%
Cappuccino in mid-range area	$3.00 LRD511.13	$5.90 ISK718	+96.6%
Pack of cigarettes Marlboro or similar	$5.00 LRD851.88	$13.85 ISK1,687	+177.1%
Monthly membership at local gym	$62.50 LRD10,648.46	$83.64 ISK10,186	+33.8%
Movie ticket to theater/cinema	$5.00 LRD851.88	$17.92 ISK2,182	+258.4%
Average			+131.2%

Liberia vs. Iceland - Cost of entertainment and sports

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pay 3.0 times more for clothing

	Liberia	Iceland
Regular jeans Levi's brand	$25.00 LRD4,259.38	$134.47 ISK16,375	+437.9%
Regular dress from H&M or similar store	$32.50 LRD5,537.20	$63.25 ISK7,702	+94.6%
Running shoes Nike or Adidas	$55.00 LRD9,370.64	$159.03 ISK19,366	+189.1%
Men's business shoes (leather)	$92.50 LRD15,759.72	$237.19 ISK28,885	+156.4%
Average			+196.8%

Liberia vs. Iceland - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

Compare further: Liberia vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 23 statistics

Make 107.4 times more money in Iceland

Size Comparison · See true size

Liberia is around the same size as Iceland.

Moving from Liberia to Iceland · OECD 2023

1 people moved from Liberia to Iceland.

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