Cost of living comparison
Libya is 73.2% cheaper than Iceland overall.
- Restaurants
-
pay 82.1% less in Libya
- Groceries
-
pay 65.4% less in Libya
- Transportation
-
pay 69.1% less in Libya
- Housing
-
pay 77.9% less in Libya
- Childcare
-
pay 78.5% less in Libya
- Entertainment and Sports
-
pay 77.3% less in Libya
- Clothing
-
pay 62.4% less in Libya
Expenses including restaurants, childcare, housing, entertainment and sports, transportation, and groceries are lower in Libya.
If you lived in Libya instead of Iceland, you would:
pay 82.1% less for restaurants
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,584
|
$4.61
LYD22.190
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,257
|
$4.10
LYD19.730
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK374
|
$0.48
LYD2.290
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK269
|
$0.13
LYD0.640
|
|
pay 65.4% less for groceries
|
Iceland
|
Libya
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK394
|
$0.29
LYD1.420
|
|
| Local cheese (8 oz) |
$7.27
ISK968
|
$2.75
LYD13.260
|
|
| Milk (1 gallon) |
$6.01
ISK800
|
$3.55
LYD17.090
|
|
|
Eggs
1 dozen
|
$5.42
ISK722
|
$1.68
LYD8.110
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,133
|
$1.56
LYD7.510
|
|
| Apples (1 lb) |
$1.22
ISK163
|
$0.71
LYD3.410
|
|
| Bananas (1 lb) |
$1.03
ISK137
|
$0.60
LYD2.880
|
|
| Oranges (1 lb) |
$1.17
ISK156
|
$0.42
LYD2.030
|
|
| Tomatoes (1 lb) |
$1.87
ISK250
|
$0.24
LYD1.180
|
|
| Potatoes (1 lb) |
$1.23
ISK164
|
$0.28
LYD1.330
|
|
| Onions (1 lb) |
$0.78
ISK105
|
$0.29
LYD1.380
|
|
pay 69.1% less for transportation
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,114
|
$0.12
LYD0.560
|
|
| Monthly public transit pass |
$71.28
ISK9,494
|
$23.74
LYD114.300
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,416,000
|
$16,046.81
LYD77,265.390
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,935
|
$10.88
LYD52.390
|
|
pay 77.9% less for housing
|
Iceland
|
Libya
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,614
|
$29.85
LYD143.750
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK244,827
|
$191.92
LYD924.110
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK199,503
|
$108.81
LYD523.910
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,728
|
$17.03
LYD82.000
|
|
pay 78.5% less for childcare
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK34,388
|
$58.75
LYD282.900
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK798,400
|
$1,219.10
LYD5,869.970
|
|
pay 77.3% less for entertainment and sports
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,224
|
$0.68
LYD3.290
|
|
| Cappuccino in mid-range area |
$4.65
ISK619
|
$0.63
LYD3.020
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,566
|
$2.33
LYD11.220
|
|
| Monthly membership at local gym |
$61.46
ISK8,186
|
$25.64
LYD123.470
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,911
|
$4.44
LYD21.370
|
|
pay 62.4% less for clothing
|
Iceland
|
Libya
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,816
|
$32.50
LYD156.460
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,951
|
$32.80
LYD157.920
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,713
|
$45.23
LYD217.800
|
|
| Men's business shoes (leather) |
$184.49
ISK24,575
|
$65.98
LYD317.700
|
|
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