Cost of living comparison
Liberia is 20.6% cheaper than Iceland.
If you lived in Liberia instead of Iceland, you would:
pay 24.3% less for restaurants
|
Iceland
|
Liberia
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.51
ISK2,682
|
$10.00
LRD1,917.66
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.45
ISK2,261
|
$10.00
LRD1,917.66
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
ISK372
|
$1.70
LRD326.00
|
|
| Bottle of water (11 fl. oz) |
$1.95
ISK269
|
$2.50
LRD479.41
|
|
pay 86.7% more for groceries
|
Iceland
|
Liberia
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.16
ISK434
|
$1.56
LRD299.46
|
|
| Local cheese (8 oz) |
$6.72
ISK923
|
$5.91
LRD1,132.45
|
|
| Milk (1 gallon) |
$6.27
ISK862
|
$5.71
LRD1,095.24
|
|
|
Eggs
1 dozen
|
$6.03
ISK829
|
$3.93
LRD754.60
|
|
| Boneless chicken breast (1 lb) |
$7.60
ISK1,045
|
$4.09
LRD784.26
|
|
| Apples (1 lb) |
$1.13
ISK155
|
$0.95
LRD182.87
|
|
| Bananas (1 lb) |
$1.01
ISK139
|
$3.33
LRD638.31
|
|
| Oranges (1 lb) |
$1.15
ISK159
|
$4.27
LRD819.12
|
|
| Tomatoes (1 lb) |
$1.71
ISK235
|
$4.18
LRD801.66
|
|
| Potatoes (1 lb) |
$1.13
ISK155
|
$1.03
LRD197.50
|
|
| Onions (1 lb) |
$0.68
ISK94
|
$4.00
LRD767.06
|
|
pay 60.8% less for transportation
|
Iceland
|
Liberia
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.42
ISK1,157
|
$4.22
LRD808.32
|
|
| Monthly public transit pass |
$68.29
ISK9,387
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$39,714.69
ISK5,458,784
|
$5,069.87
LRD972,228.51
|
|
| Taxi trip in downtown area (5 miles) |
$23.23
ISK3,193
|
$12.69
LRD2,433.88
|
|
pay 21.8% more for housing
|
Iceland
|
Liberia
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$74.47
ISK10,236
|
$93.25
LRD17,882.15
|
|
| 1-Bedroom apartment in downtown area |
$1,518.94
ISK208,778
|
$666.67
LRD127,843.90
|
|
| 1-Bedroom apartment outside city center |
$1,325.48
ISK182,187
|
$90.00
LRD17,258.93
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.99
ISK9,208
|
$208.46
LRD39,974.95
|
|
pay 72.9% less for childcare
|
Iceland
|
Liberia
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$254.97
ISK35,045
|
$74.33
LRD14,254.09
|
|
| Middle school for 1 child, two semesters |
$5,993.83
ISK823,851
|
$1,500.00
LRD287,648.77
|
|
pay 32.8% less for entertainment and sports
|
Iceland
|
Liberia
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.37
ISK1,288
|
$2.50
LRD479.41
|
|
| Cappuccino in mid-range area |
$4.61
ISK634
|
$3.12
LRD599.27
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.22
ISK1,542
|
$5.00
LRD958.83
|
|
| Monthly membership at local gym |
$60.00
ISK8,247
|
$76.25
LRD14,622.15
|
|
| Movie ticket to theater/cinema |
$13.94
ISK1,916
|
$9.75
LRD1,869.67
|
|
pay 61.9% less for clothing
|
Iceland
|
Liberia
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.23
ISK14,877
|
$18.41
LRD3,530.87
|
|
|
Regular dress
from H&M or similar store
|
$59.73
ISK8,210
|
$33.75
LRD6,472.10
|
|
|
Running shoes
Nike or Adidas
|
$146.94
ISK20,197
|
$56.25
LRD10,786.83
|
|
| Men's business shoes (leather) |
$169.24
ISK23,262
|
$68.75
LRD13,183.90
|
|
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