Cost of living comparison
Iceland is 2.8 times more expensive than Liberia.
If you lived in Iceland instead of Liberia, you would:
pay 49.2% more for restaurants
|
Liberia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.00
LRD1,917.66
|
$19.51
ISK2,682
|
|
|
Fast food combo meal
McDonalds, or similar
|
$10.00
LRD1,917.66
|
$16.45
ISK2,261
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.70
LRD326.00
|
$2.70
ISK372
|
|
| Bottle of water (11 fl. oz) |
$2.50
LRD479.41
|
$1.95
ISK269
|
|
pay 0.7% more for groceries
|
Liberia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.56
LRD299.46
|
$3.16
ISK434
|
|
| Local cheese (8 oz) |
$5.91
LRD1,132.45
|
$6.72
ISK923
|
|
| Milk (1 gallon) |
$5.71
LRD1,095.24
|
$6.27
ISK862
|
|
|
Eggs
1 dozen
|
$3.93
LRD754.60
|
$6.03
ISK829
|
|
| Boneless chicken breast (1 lb) |
$4.09
LRD784.26
|
$7.60
ISK1,045
|
|
| Apples (1 lb) |
$0.95
LRD182.87
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$3.33
LRD638.31
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$4.27
LRD819.12
|
$1.15
ISK159
|
|
| Tomatoes (1 lb) |
$4.18
LRD801.66
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$1.03
LRD197.50
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$4.00
LRD767.06
|
$0.68
ISK94
|
|
pay 3.9 times more for transportation
|
Liberia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.22
LRD808.32
|
$8.42
ISK1,157
|
|
| Monthly public transit pass | ?? |
$68.29
ISK9,387
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$5,069.87
LRD972,228.51
|
$39,714.69
ISK5,458,784
|
|
| Taxi trip in downtown area (5 miles) |
$12.69
LRD2,433.88
|
$23.23
ISK3,193
|
|
pay 4.5 times more for housing
|
Liberia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$93.25
LRD17,882.15
|
$74.47
ISK10,236
|
|
| 1-Bedroom apartment in downtown area |
$666.67
LRD127,843.90
|
$1,518.94
ISK208,778
|
|
| 1-Bedroom apartment outside city center |
$90.00
LRD17,258.93
|
$1,325.48
ISK182,187
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$208.46
LRD39,974.95
|
$66.99
ISK9,208
|
|
pay 3.7 times more for childcare
|
Liberia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$74.33
LRD14,254.09
|
$254.97
ISK35,045
|
|
| Middle school for 1 child, two semesters |
$1,500.00
LRD287,648.77
|
$5,993.83
ISK823,851
|
|
pay 93.7% more for entertainment and sports
|
Liberia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.50
LRD479.41
|
$9.37
ISK1,288
|
|
| Cappuccino in mid-range area |
$3.12
LRD599.27
|
$4.61
ISK634
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.00
LRD958.83
|
$11.22
ISK1,542
|
|
| Monthly membership at local gym |
$76.25
LRD14,622.15
|
$60.00
ISK8,247
|
|
| Movie ticket to theater/cinema |
$9.75
LRD1,869.67
|
$13.94
ISK1,916
|
|
pay 3.2 times more for clothing
|
Liberia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$18.41
LRD3,530.87
|
$108.23
ISK14,877
|
|
|
Regular dress
from H&M or similar store
|
$33.75
LRD6,472.10
|
$59.73
ISK8,210
|
|
|
Running shoes
Nike or Adidas
|
$56.25
LRD10,786.83
|
$146.94
ISK20,197
|
|
| Men's business shoes (leather) |
$68.75
LRD13,183.90
|
$169.24
ISK23,262
|
|
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