Cost of living comparison
Iceland is 2.9 times more expensive than Liberia.
If you lived in Iceland instead of Liberia, you would:
pay 55.0% more for restaurants
|
Liberia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.25
LRD1,488.71
|
$19.40
ISK2,709
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.00
LRD1,984.95
|
$16.94
ISK2,366
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.88
LRD338.34
|
$2.81
ISK393
|
|
| Bottle of water (11 fl. oz) |
$2.50
LRD451.13
|
$2.02
ISK282
|
|
pay 6.6% more for groceries
|
Liberia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.65
LRD298.37
|
$2.95
ISK413
|
|
| Local cheese (8 oz) |
$5.91
LRD1,065.63
|
$7.27
ISK1,015
|
|
| Milk (1 gallon) |
$6.08
LRD1,097.72
|
$6.01
ISK839
|
|
|
Eggs
1 dozen
|
$3.63
LRD654.67
|
$5.42
ISK757
|
|
| Boneless chicken breast (1 lb) |
$4.48
LRD807.77
|
$8.51
ISK1,188
|
|
| Apples (1 lb) |
$0.74
LRD133.97
|
$1.22
ISK171
|
|
| Bananas (1 lb) |
$2.58
LRD465.31
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$3.95
LRD713.43
|
$1.17
ISK164
|
|
| Tomatoes (1 lb) |
$3.18
LRD573.90
|
$1.87
ISK262
|
|
| Potatoes (1 lb) |
$1.03
LRD185.84
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$3.88
LRD699.25
|
$0.78
ISK110
|
|
pay 3.8 times more for transportation
|
Liberia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.03
LRD727.47
|
$8.36
ISK1,168
|
|
| Monthly public transit pass |
$20.00
LRD3,609.00
|
$71.28
ISK9,956
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$5,069.87
LRD914,859.19
|
$40,660.66
ISK5,679,481
|
|
| Taxi trip in downtown area (5 miles) |
$12.69
LRD2,290.26
|
$22.04
ISK3,078
|
|
pay 5.1 times more for housing
|
Liberia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$93.25
LRD16,826.96
|
$72.17
ISK10,081
|
|
| 1-Bedroom apartment in downtown area |
$666.67
LRD120,300.08
|
$1,838.04
ISK256,737
|
|
| 1-Bedroom apartment outside city center |
$90.00
LRD16,240.51
|
$1,497.77
ISK209,209
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$208.46
LRD37,616.10
|
$58.01
ISK8,103
|
|
pay 3.7 times more for childcare
|
Liberia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$74.33
LRD13,412.99
|
$258.16
ISK36,060
|
|
| Middle school for 1 child, two semesters |
$1,500.00
LRD270,675.17
|
$5,993.99
ISK837,241
|
|
pay 95.8% more for entertainment and sports
|
Liberia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.50
LRD451.13
|
$9.19
ISK1,283
|
|
| Cappuccino in mid-range area |
$3.12
LRD563.91
|
$4.65
ISK649
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.00
LRD902.25
|
$11.76
ISK1,642
|
|
| Monthly membership at local gym |
$76.25
LRD13,759.32
|
$61.46
ISK8,585
|
|
| Movie ticket to theater/cinema |
$9.75
LRD1,759.34
|
$14.35
ISK2,004
|
|
pay 3.3 times more for clothing
|
Liberia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$18.41
LRD3,322.52
|
$111.23
ISK15,537
|
|
|
Regular dress
from H&M or similar store
|
$33.75
LRD6,090.19
|
$59.69
ISK8,337
|
|
|
Running shoes
Nike or Adidas
|
$56.25
LRD10,150.32
|
$148.00
ISK20,673
|
|
| Men's business shoes (leather) |
$68.75
LRD12,405.95
|
$184.49
ISK25,770
|
|
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