Cost of living comparison
Iceland is 7.1 times more expensive than Libya.
If you lived in Iceland instead of Libya, you would:
pay 6.6 times more for restaurants
Libya
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$4.29
LYD20.900
|
$19.51
ISK2,708
|
|
Fast food combo meal
McDonalds, or similar
|
$4.12
LYD20.070
|
$16.45
ISK2,283
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.46
LYD2.260
|
$2.70
ISK375
|
|
Bottle of water (11 fl. oz) |
$0.16
LYD0.800
|
$1.95
ISK271
|
|
pay 4.1 times more for groceries
Libya
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$0.32
LYD1.540
|
$3.16
ISK438
|
|
Local cheese (8 oz) |
$2.58
LYD12.600
|
$6.72
ISK932
|
|
Milk (1 gallon) |
$3.67
LYD17.910
|
$6.27
ISK870
|
|
Eggs
1 dozen
|
$1.32
LYD6.430
|
$6.03
ISK837
|
|
Boneless chicken breast (1 lb) |
$1.40
LYD6.840
|
$7.60
ISK1,055
|
|
Apples (1 lb) |
$0.72
LYD3.510
|
$1.13
ISK156
|
|
Bananas (1 lb) |
$0.52
LYD2.550
|
$1.01
ISK140
|
|
Oranges (1 lb) |
$0.35
LYD1.700
|
$1.15
ISK160
|
|
Tomatoes (1 lb) |
$0.24
LYD1.190
|
$1.71
ISK238
|
|
Potatoes (1 lb) |
$0.27
LYD1.320
|
$1.13
ISK157
|
|
Onions (1 lb) |
$0.27
LYD1.340
|
$0.68
ISK95
|
|
pay 19.1 times more for transportation
Libya
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$0.12
LYD0.600
|
$8.42
ISK1,169
|
|
Monthly public transit pass |
$21.71
LYD105.830
|
$68.29
ISK9,478
|
|
New Volkswagen Golf 1.4 (standard edition) |
$16,462.81
LYD80,261.380
|
$39,714.69
ISK5,511,605
|
|
Taxi trip in downtown area (5 miles) |
$9.53
LYD46.450
|
$23.23
ISK3,224
|
|
pay 5.9 times more for housing
Libya
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$24.38
LYD118.860
|
$74.47
ISK10,335
|
|
1-Bedroom apartment in downtown area |
$214.03
LYD1,043.470
|
$1,518.94
ISK210,798
|
|
1-Bedroom apartment outside city center |
$116.31
LYD567.030
|
$1,325.48
ISK183,950
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$30.93
LYD150.800
|
$66.99
ISK9,297
|
|
pay 4.5 times more for childcare
Libya
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$65.74
LYD320.490
|
$254.97
ISK35,384
|
|
Middle school for 1 child, two semesters |
$1,166.12
LYD5,685.180
|
$5,993.83
ISK831,823
|
|
pay 6.5 times more for entertainment and sports
Libya
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$0.63
LYD3.090
|
$9.37
ISK1,301
|
|
Cappuccino in mid-range area |
$0.58
LYD2.840
|
$4.61
ISK640
|
|
Pack of cigarettes
Marlboro or similar
|
$2.45
LYD11.970
|
$11.22
ISK1,557
|
|
Monthly membership at local gym |
$31.90
LYD155.500
|
$60.00
ISK8,327
|
|
Movie ticket to theater/cinema |
$4.46
LYD21.740
|
$13.94
ISK1,935
|
|
pay 3.0 times more for clothing
Libya
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$29.81
LYD145.350
|
$108.23
ISK15,020
|
|
Regular dress
from H&M or similar store
|
$27.85
LYD135.790
|
$59.73
ISK8,290
|
|
Running shoes
Nike or Adidas
|
$43.99
LYD214.490
|
$146.94
ISK20,392
|
|
Men's business shoes (leather) |
$57.86
LYD282.070
|
$169.24
ISK23,487
|
|
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