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
ISK2,508
|
$4.61
LYD25.240
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,191
|
$4.10
LYD22.430
|
|
Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK363
|
$0.48
LYD2.600
|
|
Bottle of water (11 fl. oz) |
$2.02
ISK261
|
$0.13
LYD0.730
|
|
pay 65.4% less for groceries
Iceland
|
Libya
|
||
---|---|---|---|
Bread
1 loaf
|
$2.95
ISK382
|
$0.29
LYD1.610
|
|
Local cheese (8 oz) |
$7.27
ISK939
|
$2.75
LYD15.080
|
|
Milk (1 gallon) |
$6.01
ISK777
|
$3.55
LYD19.430
|
|
Eggs
1 dozen
|
$5.42
ISK701
|
$1.68
LYD9.220
|
|
Boneless chicken breast (1 lb) |
$8.51
ISK1,100
|
$1.56
LYD8.540
|
|
Apples (1 lb) |
$1.22
ISK158
|
$0.71
LYD3.880
|
|
Bananas (1 lb) |
$1.03
ISK133
|
$0.60
LYD3.280
|
|
Oranges (1 lb) |
$1.17
ISK151
|
$0.42
LYD2.310
|
|
Tomatoes (1 lb) |
$1.87
ISK242
|
$0.24
LYD1.340
|
|
Potatoes (1 lb) |
$1.23
ISK160
|
$0.28
LYD1.510
|
|
Onions (1 lb) |
$0.78
ISK101
|
$0.29
LYD1.570
|
|
pay 69.1% less for transportation
Iceland
|
Libya
|
||
---|---|---|---|
Gasoline (1 gallon) |
$8.36
ISK1,081
|
$0.12
LYD0.640
|
|
Monthly public transit pass |
$71.28
ISK9,217
|
$23.74
LYD129.970
|
|
New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,257,830
|
$16,046.81
LYD87,858.640
|
|
Taxi trip in downtown area (5 miles) |
$22.04
ISK2,850
|
$10.88
LYD59.580
|
|
pay 77.9% less for housing
Iceland
|
Libya
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,333
|
$29.85
LYD163.460
|
|
1-Bedroom apartment in downtown area |
$1,838.04
ISK237,677
|
$191.92
LYD1,050.810
|
|
1-Bedroom apartment outside city center |
$1,497.77
ISK193,677
|
$108.81
LYD595.740
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,502
|
$17.03
LYD93.250
|
|
pay 78.5% less for childcare
Iceland
|
Libya
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$258.16
ISK33,383
|
$58.75
LYD321.680
|
|
Middle school for 1 child, two semesters |
$5,993.99
ISK775,083
|
$1,219.10
LYD6,674.760
|
|
pay 77.3% less for entertainment and sports
Iceland
|
Libya
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$9.19
ISK1,188
|
$0.68
LYD3.740
|
|
Cappuccino in mid-range area |
$4.65
ISK601
|
$0.63
LYD3.430
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,520
|
$2.33
LYD12.760
|
|
Monthly membership at local gym |
$61.46
ISK7,947
|
$25.64
LYD140.400
|
|
Movie ticket to theater/cinema |
$14.35
ISK1,855
|
$4.44
LYD24.300
|
|
pay 62.4% less for clothing
Iceland
|
Libya
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$111.23
ISK14,383
|
$32.50
LYD177.920
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,718
|
$32.80
LYD179.580
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,138
|
$45.23
LYD247.660
|
|
Men's business shoes (leather) |
$184.49
ISK23,857
|
$65.98
LYD361.260
|
|
Change currency:
Help us improve these prices
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Libya or Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.