Cost of living comparison
Iceland is 5.1 times more expensive than Libya.
If you lived in Iceland instead of Libya, you would:
pay 4.9 times more for restaurants
|
Libya
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.52
LYD21.850
|
$15.00
kr2,051
|
|
|
Fast food combo meal
McDonalds, or similar
|
$3.57
LYD17.270
|
$12.33
kr1,686
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.51
LYD2.480
|
$2.20
kr301
|
|
| Bottle of water (11 fl. oz) |
$0.24
LYD1.160
|
$2.00
kr274
|
|
pay 3.2 times more for groceries
|
Libya
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.47
LYD2.300
|
$3.14
kr430
|
|
| Local cheese (8 oz) |
$4.98
LYD24.090
|
$5.86
kr801
|
|
| Milk (1 gallon) |
$3.74
LYD18.090
|
$5.16
kr706
|
|
|
Eggs
1 dozen
|
$1.56
LYD7.560
|
$5.51
kr754
|
|
| Boneless chicken breast (1 lb) |
$1.58
LYD7.640
|
$7.10
kr971
|
|
| Apples (1 lb) |
$0.80
LYD3.870
|
$1.19
kr163
|
|
| Bananas (1 lb) |
$0.52
LYD2.520
|
$1.08
kr148
|
|
| Oranges (1 lb) |
$0.39
LYD1.870
|
$1.13
kr155
|
|
| Tomatoes (1 lb) |
$0.26
LYD1.260
|
$1.70
kr233
|
|
| Potatoes (1 lb) |
$0.32
LYD1.530
|
$1.01
kr139
|
|
| Onions (1 lb) |
$0.29
LYD1.420
|
$0.66
kr91
|
|
pay 11.3 times more for transportation
|
Libya
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$0.21
LYD1.020
|
$7.21
kr986
|
|
| Monthly public transit pass |
$12.84
LYD62.160
|
$85.09
kr11,636
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$13,318.25
LYD64,463.380
|
$27,857.83
kr3,809,558
|
|
| Taxi trip in downtown area (5 miles) |
$10.30
LYD49.840
|
$21.37
kr2,922
|
|
pay 5.8 times more for housing
|
Libya
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$48.70
LYD235.730
|
$66.89
kr9,148
|
|
| 1-Bedroom apartment in downtown area |
$208.26
LYD1,008.050
|
$1,349.42
kr184,533
|
|
| 1-Bedroom apartment outside city center |
$128.70
LYD622.930
|
$1,143.63
kr156,391
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$10.64
LYD51.500
|
$70.86
kr9,690
|
|
pay 2.9 times more for childcare
|
Libya
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$71.89
LYD347.960
|
$277.52
kr37,951
|
|
| Middle school for 1 child, two semesters |
$1,533.31
LYD7,421.550
|
$2,822.44
kr385,968
|
|
pay 4.9 times more for entertainment and sports
|
Libya
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.96
LYD4.630
|
$7.85
kr1,074
|
|
| Cappuccino in mid-range area |
$0.67
LYD3.230
|
$4.10
kr561
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.62
LYD12.660
|
$11.37
kr1,555
|
|
| Monthly membership at local gym |
$23.61
LYD114.300
|
$63.31
kr8,658
|
|
| Movie ticket to theater/cinema |
$3.66
LYD17.720
|
$11.69
kr1,599
|
|
pay 2.5 times more for clothing
|
Libya
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$37.74
LYD182.680
|
$117.41
kr16,056
|
|
|
Regular dress
from H&M or similar store
|
$34.39
LYD166.460
|
$55.13
kr7,539
|
|
|
Running shoes
Nike or Adidas
|
$58.45
LYD282.920
|
$156.49
kr21,401
|
|
| Men's business shoes (leather) |
$69.72
LYD337.440
|
$191.54
kr26,193
|
|
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