Cost of living comparison
Iceland is 6.7 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 |
$3.94
LYD19.320
|
$17.84
kr2,458
|
|
|
Fast food combo meal
McDonalds, or similar
|
$3.22
LYD15.770
|
$14.27
kr1,966
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.49
LYD2.390
|
$2.32
kr319
|
|
| Bottle of water (11 fl. oz) |
$0.17
LYD0.810
|
$2.12
kr293
|
|
pay 3.7 times more for groceries
|
Libya
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.37
LYD1.820
|
$3.42
kr472
|
|
| Local cheese (8 oz) |
$2.83
LYD13.870
|
$5.98
kr824
|
|
| Milk (1 gallon) |
$3.47
LYD16.980
|
$5.33
kr734
|
|
|
Eggs
1 dozen
|
$1.31
LYD6.440
|
$5.66
kr780
|
|
| Boneless chicken breast (1 lb) |
$1.46
LYD7.150
|
$7.09
kr977
|
|
| Apples (1 lb) |
$0.73
LYD3.600
|
$1.16
kr160
|
|
| Bananas (1 lb) |
$0.49
LYD2.410
|
$0.98
kr135
|
|
| Oranges (1 lb) |
$0.37
LYD1.790
|
$1.17
kr161
|
|
| Tomatoes (1 lb) |
$0.26
LYD1.270
|
$1.84
kr253
|
|
| Potatoes (1 lb) |
$0.30
LYD1.470
|
$0.96
kr132
|
|
| Onions (1 lb) |
$0.30
LYD1.470
|
$0.51
kr71
|
|
pay 17.9 times more for transportation
|
Libya
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$0.13
LYD0.620
|
$8.03
kr1,107
|
|
| Monthly public transit pass |
$21.37
LYD104.700
|
$77.40
kr10,664
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$17,497.81
LYD85,716.400
|
$29,836.83
kr4,111,217
|
|
| Taxi trip in downtown area (5 miles) |
$7.82
LYD38.290
|
$23.97
kr3,302
|
|
pay 6.5 times more for housing
|
Libya
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$32.87
LYD161.020
|
$62.40
kr8,598
|
|
| 1-Bedroom apartment in downtown area |
$163.31
LYD800.020
|
$1,437.14
kr198,024
|
|
| 1-Bedroom apartment outside city center |
$92.59
LYD453.580
|
$1,215.63
kr167,501
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$29.37
LYD143.890
|
$68.63
kr9,456
|
|
pay 3.5 times more for childcare
|
Libya
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$59.72
LYD292.570
|
$259.34
kr35,735
|
|
| Middle school for 1 child, two semesters |
$998.54
LYD4,891.550
|
$2,750.10
kr378,936
|
|
pay 5.4 times more for entertainment and sports
|
Libya
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.82
LYD4.040
|
$8.52
kr1,174
|
|
| Cappuccino in mid-range area |
$0.59
LYD2.870
|
$4.15
kr572
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.52
LYD12.340
|
$10.64
kr1,465
|
|
| Monthly membership at local gym |
$19.79
LYD96.930
|
$56.90
kr7,841
|
|
| Movie ticket to theater/cinema |
$5.42
LYD26.570
|
$12.27
kr1,691
|
|
pay 3.1 times more for clothing
|
Libya
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$27.92
LYD136.800
|
$118.08
kr16,270
|
|
|
Regular dress
from H&M or similar store
|
$30.65
LYD150.170
|
$50.39
kr6,943
|
|
|
Running shoes
Nike or Adidas
|
$42.32
LYD207.320
|
$151.12
kr20,822
|
|
| Men's business shoes (leather) |
$60.04
LYD294.100
|
$175.20
kr24,140
|
|
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