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
LYD6.260
|
$15.00
kr1,574
|
|
|
Fast food combo meal
McDonalds, or similar
|
$3.57
LYD4.940
|
$12.33
kr1,294
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.51
LYD0.710
|
$2.20
kr231
|
|
| Bottle of water (11 fl. oz) |
$0.24
LYD0.330
|
$2.00
kr210
|
|
pay 3.2 times more for groceries
|
Libya
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.47
LYD0.660
|
$3.14
kr330
|
|
| Local cheese (8 oz) |
$4.98
LYD6.900
|
$5.86
kr615
|
|
| Milk (1 gallon) |
$3.74
LYD5.180
|
$5.16
kr542
|
|
|
Eggs
1 dozen
|
$1.56
LYD2.170
|
$5.51
kr578
|
|
| Boneless chicken breast (1 lb) |
$1.58
LYD2.190
|
$7.10
kr745
|
|
| Apples (1 lb) |
$0.80
LYD1.110
|
$1.19
kr125
|
|
| Bananas (1 lb) |
$0.52
LYD0.720
|
$1.08
kr114
|
|
| Oranges (1 lb) |
$0.39
LYD0.540
|
$1.13
kr119
|
|
| Tomatoes (1 lb) |
$0.26
LYD0.360
|
$1.70
kr179
|
|
| Potatoes (1 lb) |
$0.32
LYD0.440
|
$1.01
kr106
|
|
| Onions (1 lb) |
$0.29
LYD0.410
|
$0.66
kr69
|
|
pay 11.3 times more for transportation
|
Libya
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$0.21
LYD0.290
|
$7.21
kr757
|
|
| Monthly public transit pass |
$12.84
LYD17.790
|
$85.09
kr8,930
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$13,318.25
LYD18,452.470
|
$27,857.83
kr2,923,679
|
|
| Taxi trip in downtown area (5 miles) |
$10.30
LYD14.270
|
$21.37
kr2,242
|
|
pay 5.8 times more for housing
|
Libya
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$48.70
LYD67.480
|
$66.89
kr7,020
|
|
| 1-Bedroom apartment in downtown area |
$208.26
LYD288.550
|
$1,349.42
kr141,621
|
|
| 1-Bedroom apartment outside city center |
$128.70
LYD178.310
|
$1,143.63
kr120,024
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$10.64
LYD14.740
|
$70.86
kr7,437
|
|
pay 2.9 times more for childcare
|
Libya
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$71.89
LYD99.600
|
$277.52
kr29,126
|
|
| Middle school for 1 child, two semesters |
$1,533.31
LYD2,124.400
|
$2,822.44
kr296,215
|
|
pay 4.9 times more for entertainment and sports
|
Libya
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.96
LYD1.320
|
$7.85
kr824
|
|
| Cappuccino in mid-range area |
$0.67
LYD0.920
|
$4.10
kr430
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.62
LYD3.620
|
$11.37
kr1,194
|
|
| Monthly membership at local gym |
$23.61
LYD32.720
|
$63.31
kr6,644
|
|
| Movie ticket to theater/cinema |
$3.66
LYD5.070
|
$11.69
kr1,227
|
|
pay 2.5 times more for clothing
|
Libya
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$37.74
LYD52.290
|
$117.41
kr12,322
|
|
|
Regular dress
from H&M or similar store
|
$34.39
LYD47.650
|
$55.13
kr5,786
|
|
|
Running shoes
Nike or Adidas
|
$58.45
LYD80.980
|
$156.49
kr16,424
|
|
| Men's business shoes (leather) |
$69.72
LYD96.590
|
$191.54
kr20,102
|
|
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