Cost of living comparison
Liberia is 23.9% cheaper than Iceland overall.
- Restaurants
-
pay 25.6% less in Liberia
- Groceries
-
pay 59.5% more in Liberia
- Transportation
-
pay 63.4% less in Liberia
- Housing
-
pay 32.7% more in Liberia
- Childcare
-
pay 73.1% less in Liberia
- Entertainment and Sports
-
pay 34.2% less in Liberia
- Clothing
-
pay 62.9% less in Liberia
The cost of groceries and housing in Liberia are more expensive than in Iceland. Expenses including childcare, transportation, clothing, entertainment and sports, and restaurants are lower in Liberia.
If you lived in Liberia instead of Iceland, you would:
pay 25.6% less for restaurants
|
Iceland
|
Liberia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,584
|
$8.25
LRD1,645.88
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,257
|
$11.00
LRD2,194.50
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK374
|
$1.88
LRD374.06
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK269
|
$2.50
LRD498.75
|
|
pay 59.5% more for groceries
|
Iceland
|
Liberia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK394
|
$1.65
LRD329.87
|
|
| Local cheese (8 oz) |
$7.27
ISK968
|
$5.91
LRD1,178.13
|
|
| Milk (1 gallon) |
$6.01
ISK800
|
$6.08
LRD1,213.61
|
|
|
Eggs
1 dozen
|
$5.42
ISK722
|
$3.63
LRD723.78
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,133
|
$4.48
LRD893.05
|
|
| Apples (1 lb) |
$1.22
ISK163
|
$0.74
LRD148.11
|
|
| Bananas (1 lb) |
$1.03
ISK137
|
$2.58
LRD514.43
|
|
| Oranges (1 lb) |
$1.17
ISK156
|
$3.95
LRD788.74
|
|
| Tomatoes (1 lb) |
$1.87
ISK250
|
$3.18
LRD634.49
|
|
| Potatoes (1 lb) |
$1.23
ISK164
|
$1.03
LRD205.46
|
|
| Onions (1 lb) |
$0.78
ISK105
|
$3.88
LRD773.06
|
|
pay 63.4% less for transportation
|
Iceland
|
Liberia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,114
|
$4.03
LRD804.27
|
|
| Monthly public transit pass |
$71.28
ISK9,494
|
$20.00
LRD3,990.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,416,000
|
$5,069.87
LRD1,011,439.92
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,935
|
$12.69
LRD2,532.04
|
|
pay 32.7% more for housing
|
Iceland
|
Liberia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,614
|
$93.25
LRD18,603.36
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK244,827
|
$666.67
LRD133,000.03
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK199,503
|
$90.00
LRD17,955.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,728
|
$208.46
LRD41,587.20
|
|
pay 73.1% less for childcare
|
Iceland
|
Liberia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK34,388
|
$74.33
LRD14,828.98
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK798,400
|
$1,500.00
LRD299,250.07
|
|
pay 34.2% less for entertainment and sports
|
Iceland
|
Liberia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,224
|
$2.50
LRD498.75
|
|
| Cappuccino in mid-range area |
$4.65
ISK619
|
$3.12
LRD623.44
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,566
|
$5.00
LRD997.50
|
|
| Monthly membership at local gym |
$61.46
ISK8,186
|
$76.25
LRD15,211.88
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,911
|
$9.75
LRD1,945.08
|
|
pay 62.9% less for clothing
|
Iceland
|
Liberia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,816
|
$18.41
LRD3,673.28
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,951
|
$33.75
LRD6,733.13
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,713
|
$56.25
LRD11,221.88
|
|
| Men's business shoes (leather) |
$184.49
ISK24,575
|
$68.75
LRD13,715.63
|
|
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