Cost of living comparison
Libya is 73.2% cheaper than Iceland.
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
ISK2,670
|
$4.61
LYD22.580
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,332
|
$4.10
LYD20.070
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK387
|
$0.48
LYD2.330
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK278
|
$0.13
LYD0.650
|
|
pay 65.4% less for groceries
|
Iceland
|
Libya
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK407
|
$0.29
LYD1.440
|
|
| Local cheese (8 oz) |
$7.27
ISK1,000
|
$2.75
LYD13.490
|
|
| Milk (1 gallon) |
$6.01
ISK827
|
$3.55
LYD17.390
|
|
|
Eggs
1 dozen
|
$5.42
ISK746
|
$1.68
LYD8.250
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,171
|
$1.56
LYD7.640
|
|
| Apples (1 lb) |
$1.22
ISK168
|
$0.71
LYD3.470
|
|
| Bananas (1 lb) |
$1.03
ISK141
|
$0.60
LYD2.930
|
|
| Oranges (1 lb) |
$1.17
ISK161
|
$0.42
LYD2.070
|
|
| Tomatoes (1 lb) |
$1.87
ISK258
|
$0.24
LYD1.200
|
|
| Potatoes (1 lb) |
$1.23
ISK170
|
$0.28
LYD1.350
|
|
| Onions (1 lb) |
$0.78
ISK108
|
$0.29
LYD1.410
|
|
pay 69.1% less for transportation
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,151
|
$0.12
LYD0.570
|
|
| Monthly public transit pass |
$71.28
ISK9,812
|
$23.74
LYD116.290
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,596,940
|
$16,046.81
LYD78,609.660
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,033
|
$10.88
LYD53.310
|
|
pay 77.9% less for housing
|
Iceland
|
Libya
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,935
|
$29.85
LYD146.250
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK253,006
|
$191.92
LYD940.190
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK206,168
|
$108.81
LYD533.030
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,986
|
$17.03
LYD83.430
|
|
pay 78.5% less for childcare
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,536
|
$58.75
LYD287.820
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK825,073
|
$1,219.10
LYD5,972.100
|
|
pay 77.3% less for entertainment and sports
|
Iceland
|
Libya
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,265
|
$0.68
LYD3.350
|
|
| Cappuccino in mid-range area |
$4.65
ISK640
|
$0.63
LYD3.070
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,618
|
$2.33
LYD11.420
|
|
| Monthly membership at local gym |
$61.46
ISK8,460
|
$25.64
LYD125.620
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,975
|
$4.44
LYD21.740
|
|
pay 62.4% less for clothing
|
Iceland
|
Libya
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,311
|
$32.50
LYD159.190
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,216
|
$32.80
LYD160.670
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,372
|
$45.23
LYD221.590
|
|
| Men's business shoes (leather) |
$184.49
ISK25,396
|
$65.98
LYD323.230
|
|
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