Published: Monday, 21th October 2024
The cost of living in Liberia is 5.11 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between Liberia and Iceland. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Liberia and Iceland.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
1 BHK Apartment in City Center ![]() | 60,000 LRD (306 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center ![]() | 100,000 LRD (510 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center ![]() | 150,000 LRD (765 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center ![]() | 30,000 LRD (153 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center ![]() | 70,000 LRD (357 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center ![]() | 100,000 LRD (510 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month ![]() | 1.5 % | 4 % |
Realtor Commission ![]() | 5 % | 2 % |
Property Taxes ![]() | Yet to Update | 0.2 to 1.65 % |
The average housing cost in Liberia is 4.24 times less expensive than Iceland.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Basic Home Furnishing ![]() | 120,000 LRD (612 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month ![]() | 15,000 LRD (76.50 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month ![]() | 10,000 LRD (51 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month ![]() | 12,000 LRD (61.20 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month ![]() | 5,000 LRD (25.50 USD) | 5,000 ISK (35.50 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 67.68% less for Utilities.
The basic home furnishing in Liberia costs 3.48 times less compared to Iceland.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Standard Wifi Cost Per Month ![]() | 8,000 LRD (40.80 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month ![]() | 3,000 LRD (15.30 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month ![]() | 2,000 LRD (10.20 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month ![]() | 4,000 LRD (20.40 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 53.03% less in Liberia compared to Iceland.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Long Grain Rice (1 KG) ![]() | 300 LRD (1.53 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter) ![]() | 250 LRD (1.28 USD) | 250 ISK (1.78 USD) |
Water (1 Liter) ![]() | 150 LRD (0.77 USD) | 50 ISK (0.36 USD) |
Bread (500 gm) ![]() | 200 LRD (1.02 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen) ![]() | 600 LRD (3.06 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG) ![]() | 1,200 LRD (6.12 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG) ![]() | 1,000 LRD (5.10 USD) | 1,000 ISK (7.10 USD) |
In Liberia, the cost of 1 Liter Water and 1 Liter Milk is 1.04 times less expensive than the cost in Iceland.
If you lived in Liberia, instead of Iceland, you would have to pay 27.19% less for Groceries.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Apples (1 KG) ![]() | 500 LRD (2.55 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG) ![]() | 400 LRD (2.04 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG) ![]() | 450 LRD (2.30 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG) ![]() | 300 LRD (1.53 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG) ![]() | 250 LRD (1.28 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG) ![]() | 400 LRD (2.04 USD) | 700 ISK (4.97 USD) |
Onions (1 KG) ![]() | 200 LRD (1.02 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG) ![]() | 400 LRD (2.04 USD) | 600 ISK (4.26 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 2.35 times less for Fruits and Vegetables.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Meal at a Resonable Restaurant ![]() | 1,000 LRD (5.10 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two ![]() | 5,000 LRD (25.50 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal ![]() | 800 LRD (4.08 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee ![]() | 300 LRD (1.53 USD) | 500 ISK (3.55 USD) |
Soft Drink ![]() | 100 LRD (0.51 USD) | 300 ISK (2.13 USD) |
Pizza for One ![]() | 800 LRD (4.08 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal ![]() | 1,200 LRD (6.12 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20 ![]() | 600 LRD (3.06 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 66.16% less in Liberia compared to Iceland.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Wine Mid-Range Bottle ![]() | 1,000 LRD (5.10 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine ![]() | 400 LRD (2.04 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter ![]() | 200 LRD (1.02 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter ![]() | 300 LRD (1.53 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter ![]() | 1,500 LRD (7.65 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter ![]() | 2,500 LRD (12.75 USD) | 4,000 ISK (28.40 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 2.74 times less for usual hard drinks.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Monthly Public Transportation Pass ![]() | 3,000 LRD (15.30 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket ![]() | 100 LRD (0.51 USD) | 400 ISK (2.84 USD) |
Single Train Ticket ![]() | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket ![]() | 15,000 LRD (76.50 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare ![]() | 500 LRD (2.55 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer ![]() | 200 LRD (1.02 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day ![]() | 5,000 LRD (25.50 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour ![]() | 50 LRD (0.26 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour ![]() | 30 LRD (0.15 USD) | 300 ISK (2.13 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 3.33 times less for transportation.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Reasonable Vehicle Purchase Cost ![]() | 1,200,000 LRD (6,120 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost ![]() | 1,500 LRD (7.65 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees ![]() | 10,000 LRD (51 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost ![]() | 7,000 LRD (35.70 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost ![]() | 5,000 LRD (25.50 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates ![]() | 10 % | 5 % |
Fuel Per Liter ![]() | 200 LRD (1.02 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon ![]() | 750 LRD (3.83 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees ![]() | 200 LRD 1.02 USD | 1,000 ISK 7.10 USD |
You would have to pay 4.64 times less for Vehicle purchase, daily operation and maintenance in Liberia compared to that of Iceland.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Doctor Visit ![]() | 5,000 LRD (25.50 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit ![]() | 10,000 LRD (51 USD) | 10,000 ISK (71 USD) |
Dentist Visit ![]() | 8,000 LRD (40.80 USD) | 8,000 ISK (56.80 USD) |
Eye Exam ![]() | 3,000 LRD (15.30 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling ![]() | 5,000 LRD (25.50 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening ![]() | 4,000 LRD (20.40 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy ![]() | 3,000 LRD (15.30 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit ![]() | 7,000 LRD (35.70 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night ![]() | 20,000 LRD (102 USD) | 25,000 ISK (177.50 USD) |
Vaccinations ![]() | 1,000 LRD (5.10 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication ![]() | 2,000 LRD (10.20 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication ![]() | 500 LRD (2.55 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums ![]() | 10,000 LRD (51 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles ![]() | 2,000 LRD (10.20 USD) | 5,000 ISK (35.50 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 1.97 times less for Health and Medical Treatment.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Cosmetic Procedures ![]() | 30,000 LRD (153 USD) | 30,000 ISK (213 USD) |
Spa Treatment ![]() | 2,000 LRD (10.20 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost ![]() | 1,500 LRD (7.65 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost ![]() | 6,000 LRD (30.60 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost ![]() | 4,000 LRD (20.40 USD) | 5,000 ISK (35.50 USD) |
Haircuts ![]() | 1,000 LRD (5.10 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring ![]() | 1,500 LRD (7.65 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price ![]() | 300 LRD (1.53 USD) | 500 ISK (3.55 USD) |
Toothpaste Price ![]() | 200 LRD (1.02 USD) | 200 ISK (1.42 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 2.00 times less for Personal Care Items and Treatment.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Pair of Nike Running Shoes ![]() | 15,000 LRD (76.50 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt ![]() | 3,000 LRD (15.30 USD) | 5,000 ISK (35.50 USD) |
Women's Dress ![]() | 4,000 LRD (20.40 USD) | 10,000 ISK (71 USD) |
Summer Dress ![]() | 2,500 LRD (12.75 USD) | 5,000 ISK (35.50 USD) |
Men's Suit ![]() | 20,000 LRD (102 USD) | 40,000 ISK (284 USD) |
Men's Jeans ![]() | 4,000 LRD (20.40 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans ![]() | 3,000 LRD (15.30 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes ![]() | 10,000 LRD (51 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes ![]() | 8,000 LRD (40.80 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes ![]() | 6,000 LRD (30.60 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes ![]() | 5,000 LRD (25.50 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men ![]() | 500 LRD (2.55 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women ![]() | 700 LRD (3.57 USD) | 1,200 ISK (8.52 USD) |
Socks For Men ![]() | 200 LRD (1.02 USD) | 300 ISK (2.13 USD) |
Socks For Women ![]() | 200 LRD (1.02 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults ![]() | 8,000 LRD (40.80 USD) | 8,000 ISK (56.80 USD) |
Sportswear ![]() | 5,000 LRD (25.50 USD) | 6,000 ISK (42.60 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 1.87 times less for Clothing and Footwear for Adults.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Children's Jeans ![]() | 2,000 LRD (10.20 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers ![]() | 3,000 LRD (15.30 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat ![]() | 5,000 LRD (25.50 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant ![]() | 2,000 LRD (10.20 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler ![]() | 1,800 LRD (9.18 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days ![]() | 1,500 LRD (7.65 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs ![]() | 2,000 LRD (10.20 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities ![]() | 3,000 LRD (15.30 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids ![]() | 4,000 LRD (20.40 USD) | 8,000 ISK (56.80 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 4.41 times less for Childcare and kids clothing.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
PreSchool Fees ![]() | 1,500 LRD (7.65 USD) | 30,000 ISK (213 USD) |
Primary School Fees ![]() | 4,000 LRD (20.40 USD) | 40,000 ISK (284 USD) |
Secondary School Fees ![]() | 5,000 LRD (25.50 USD) | 60,000 ISK (426 USD) |
Private School Fees ![]() | 10,000 LRD (51 USD) | 80,000 ISK (568 USD) |
University Tuition Fees ![]() | 15,000 LRD (76.50 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees ![]() | 25,000 LRD (127.50 USD) | 200,000 ISK (1,420 USD) |
After School Activities ![]() | 2,000 LRD (10.20 USD) | 5,000 ISK (35.50 USD) |
Special Education Services ![]() | 4,000 LRD (20.40 USD) | 7,000 ISK (49.70 USD) |
Tutoring ![]() | 800 LRD (4.08 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost ![]() | 3,000 LRD (15.30 USD) | 4,000 ISK (28.40 USD) |
School Supplies ![]() | 1,000 LRD (5.10 USD) | 2,000 ISK (14.20 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 11.38 times less for school and education.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Movie Ticket (Single) ![]() | 500 LRD (2.55 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single) ![]() | 1,000 LRD (5.10 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single) ![]() | 2,000 LRD (10.20 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single) ![]() | 800 LRD (4.08 USD) | 1,500 ISK (10.65 USD) |
Gym Membership ![]() | 3,000 LRD (15.30 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access ![]() | 1,500 LRD (7.65 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket ![]() | 200 LRD (1.02 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket ![]() | 300 LRD (1.53 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket ![]() | 500 LRD (2.55 USD) | 2,000 ISK (14.20 USD) |
Bowling ![]() | 200 LRD (1.02 USD) | 1,000 ISK (7.10 USD) |
Mini Golf ![]() | 100 LRD (0.51 USD) | 1,500 ISK (10.65 USD) |
Video Games ![]() | 2,000 LRD (10.20 USD) | 5,000 ISK (35.50 USD) |
Streaming Services ![]() | 1,000 LRD (5.10 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental ![]() | 500 LRD (2.55 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass ![]() | 3,000 LRD (15.30 USD) | 50,000 ISK (355 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 6.88 times less for entertainment, recreation and fun activities.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Language Classes ![]() | 800 LRD (4.08 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes ![]() | 600 LRD (3.06 USD) | 5,000 ISK (35.50 USD) |
Art Classes ![]() | 400 LRD (2.04 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes ![]() | 500 LRD (2.55 USD) | 6,000 ISK (42.60 USD) |
Music Lessons ![]() | 600 LRD (3.06 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons ![]() | 500 LRD (2.55 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes ![]() | 300 LRD (1.53 USD) | 1,000 ISK (7.10 USD) |
Educational Software ![]() | 300 LRD (1.53 USD) | 3,000 ISK (21.30 USD) |
If you lived in Liberia, instead of Iceland, you would have to pay 10.79 times less for Private Classes.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Average Gross Monthly Salary ![]() | 15,000 LRD (76.50 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary ![]() | 12,000 LRD (61.20 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages ![]() | 200 LRD per hour (1.02 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus ![]() | 2,000 LRD (10.20 USD) | 40,000 ISK (284 USD) |
Income Tax Rate ![]() | 0 to 10 % | 0 to 24 % |
Social Security Contributions ![]() | 7 % | 7 % |
Pension Contributions ![]() | 5 % | 8 % |
Cost of Living Index ![]() | 45 | 12 |
Median Household Income ![]() | 18,000 LRD (91.80 USD) | 400,000 ISK (2,840 USD) |
If you lived in Liberia, you would earn 36.77 times less salary as compared to Iceland.
![]() Indicators ![]() | ![]() Liberia ![]() | ![]() Iceland ![]() |
---|---|---|
Legal Consultation Per Hour Rate ![]() | 1,000 LRD (5.10 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate ![]() | 800 LRD (4.08 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate ![]() | 700 LRD (3.57 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate ![]() | 500 LRD (2.55 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 12.07 times less in Liberia, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between Liberia and Iceland.
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