Published: Monday, 21th October 2024
The cost of living in Libya is 3.16 times less expensive as compared to Micronesia.
On this page, you will find side-by-side cost comparison between Libya and Micronesia. 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 Libya and Micronesia.
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Indicators | Libya | Micronesia |
---|---|---|
1 BHK Apartment in City Center | 800 LYD (168 USD) | 600 USD |
2 BHK Apartment in City Center | 1,200 LYD (252 USD) | 900 USD |
3 BHK Apartment in City Center | 1,500 LYD (315 USD) | 1,200 USD |
1 BHK Apartment outside City Center | 500 LYD (105 USD) | 400 USD |
2 BHK Apartment outside City Center | 800 LYD (168 USD) | 600 USD |
3 BHK Apartment outside City Center | 1,000 LYD (210 USD) | 800 USD |
Mortgage Rates Per Month | 0.7 % | 3.5 % |
Realtor Commission | 3 % | 5 % |
Property Taxes | Yet to Update | Yet to Update |
The average housing cost in Libya is 3.68 times less expensive than Micronesia.
Indicators | Libya | Micronesia |
---|---|---|
Basic Home Furnishing | 5,000 LYD (1,050 USD) | 3,000 USD |
Electricity Cost Per Month | 100 LYD (21 USD) | 150 USD |
Heating Cost Per Month | 50 LYD (10.50 USD) | 100 USD |
Cooling Cost Per Month | 70 LYD (14.70 USD) | 90 USD |
Water Supply Cost Per Month | 20 LYD (4.20 USD) | 60 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 67.64% less for Utilities.
The basic home furnishing in Libya costs 2.86 times less compared to Micronesia.
Indicators | Libya | Micronesia |
---|---|---|
Standard Wifi Cost Per Month | 60 LYD (12.60 USD) | 100 USD |
Mobile Phone Basic Plan Cost Per Month | 40 LYD (8.40 USD) | 40 USD |
Landline Basic Plan Cost Per Month | 30 LYD (6.30 USD) | 50 USD |
Cable TV Basic Plan Cost Per Month | 50 LYD (10.50 USD) | 80 USD |
The internet and communication costs 86.00% less in Libya compared to Micronesia.
Indicators | Libya | Micronesia |
---|---|---|
Long Grain Rice (1 KG) | 4 LYD (0.84 USD) | 4 USD |
Milk (1 Liter) | 2 LYD (0.42 USD) | 2 USD |
Water (1 Liter) | 0.50 LYD (0.10 USD) | 1 USD |
Bread (500 gm) | 1 LYD (0.21 USD) | 3 USD |
Eggs (1 Dozen) | 8 LYD (1.68 USD) | 4 USD |
Cheese (1 KG) | 15 LYD (3.15 USD) | 10 USD |
Chicken Breast (1 KG) | 10 LYD (2.10 USD) | 10 USD |
In Libya, the cost of 1 Liter Water and 1 Liter Milk is 5.71 times less expensive than the cost in Micronesia.
If you lived in Libya, instead of Micronesia, you would have to pay 74.99% less for Groceries.
Indicators | Libya | Micronesia |
---|---|---|
Apples (1 KG) | 5 LYD (1.05 USD) | 4 USD |
Bananas (1 KG) | 4 LYD (0.84 USD) | 3 USD |
Oranges (1 KG) | 3 LYD (0.63 USD) | 3 USD |
Tomatoes (1 KG) | 2 LYD (0.42 USD) | 3 USD |
Potatoes (1 KG) | 2 LYD (0.42 USD) | 2 USD |
Lemons (1 KG) | 3 LYD (0.63 USD) | 4 USD |
Onions (1 KG) | 2 LYD (0.42 USD) | 3 USD |
Lentils (1 KG) | 3 LYD (0.63 USD) | 4 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 5.16 times less for Fruits and Vegetables.
Indicators | Libya | Micronesia |
---|---|---|
Meal at a Resonable Restaurant | 20 LYD (4.20 USD) | 10 USD |
Three-Course Meal for Two | 100 LYD (21 USD) | 40 USD |
Fast Food Combo Meal | 15 LYD (3.15 USD) | 6 USD |
Normal Coffee | 5 LYD (1.05 USD) | 3 USD |
Soft Drink | 2 LYD (0.42 USD) | 2 USD |
Pizza for One | 20 LYD (4.20 USD) | 15 USD |
Take-Out Delivery Meal | 25 LYD (5.25 USD) | 10 USD |
Cigarette Pack of 20 | 6 LYD (1.26 USD) | 5 USD |
Dining-Out costs 55.46% less in Libya compared to Micronesia.
Indicators | Libya | Micronesia |
---|---|---|
Wine Mid-Range Bottle | 20 LYD (4.20 USD) | 15 USD |
Glass of Wine | 8 LYD (1.68 USD) | 6 USD |
Domestic Beer Half Liter | 3 LYD (0.63 USD) | 2 USD |
Imported Beer Half Liter | 5 LYD (1.05 USD) | 3 USD |
Domestic Alcohol 1 Liter | 25 LYD (5.25 USD) | 15 USD |
Branded Alcohol 1 Liter | 35 LYD (7.35 USD) | 30 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 3.52 times less for usual hard drinks.
Indicators | Libya | Micronesia |
---|---|---|
Monthly Public Transportation Pass | 50 LYD (10.50 USD) | 30 USD |
Single Public Transportation Ticket | 1 LYD (0.21 USD) | 1 USD |
Single Train Ticket | Yet to Update () | Yet to Update |
Domestic Airplane Ticket | 300 LYD (63 USD) | 200 USD |
Taxi Start Fare | 3 LYD (0.63 USD) | 5 USD |
Taxi Rate Per Kilometer | 1 LYD (0.21 USD) | 2 USD |
Car Rental Per Day | 150 LYD (31.50 USD) | 40 USD |
Parking Fees in City Center Per Hour | 2 LYD (0.42 USD) | 2 USD |
Parking Fees outside City Center Per Hour | 1 LYD (0.21 USD) | 1 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 2.63 times less for transportation.
Indicators | Libya | Micronesia |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000 LYD (6,300 USD) | 15,000 USD |
Vehicle Registration Cost | 150 LYD (31.50 USD) | 100 USD |
Driving License Fees | 200 LYD (42 USD) | 50 USD |
Car Insurance Cost | 200 LYD (42 USD) | 300 USD |
Car Maintenance Cost | 300 LYD (63 USD) | 200 USD |
Car Loan Interest Rates | 6 % | 5 % |
Fuel Per Liter | 0.15 LYD (0.03 USD) | 1 USD |
Fuel Per Gallon | 0.60 LYD (0.13 USD) | 4 USD |
Average Toll Fees | 5 LYD 1.05 USD | Yet to Update |
You would have to pay 2.42 times less for Vehicle purchase, daily operation and maintenance in Libya compared to that of Micronesia.
Indicators | Libya | Micronesia |
---|---|---|
Doctor Visit | 50 LYD (10.50 USD) | 50 USD |
Specialist Visit | 100 LYD (21 USD) | 100 USD |
Dentist Visit | 80 LYD (16.80 USD) | 70 USD |
Eye Exam | 40 LYD (8.40 USD) | 30 USD |
Mental Health Counseling | 100 LYD (21 USD) | 80 USD |
Preventive Health Screening | 60 LYD (12.60 USD) | 50 USD |
Physical Therapy | 100 LYD (21 USD) | 60 USD |
Emergency Room Visit | 150 LYD (31.50 USD) | 200 USD |
Hospital Stay Per Night | 300 LYD (63 USD) | 150 USD |
Vaccinations | 30 LYD (6.30 USD) | 20 USD |
Prescription Medication | 20 LYD (4.20 USD) | 20 USD |
Over the Counter Medication | 10 LYD (2.10 USD) | 10 USD |
Health Insurance Premiums | 200 LYD (42 USD) | 100 USD |
Health Insurance Deductibles | 50 LYD (10.50 USD) | 50 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 3.65 times less for Health and Medical Treatment.
Indicators | Libya | Micronesia |
---|---|---|
Cosmetic Procedures | 1,000 LYD (210 USD) | 200 USD |
Spa Treatment | 100 LYD (21 USD) | 100 USD |
Manicure Pedicure Cost | 50 LYD (10.50 USD) | 50 USD |
Optical Glasses Cost | 150 LYD (31.50 USD) | 80 USD |
Contact Lenses Cost | 100 LYD (21 USD) | 40 USD |
Haircuts | 20 LYD (4.20 USD) | 15 USD |
Hair Coloring | 40 LYD (8.40 USD) | 50 USD |
Shampoo Price | 10 LYD (2.10 USD) | 5 USD |
Toothpaste Price | 5 LYD (1.05 USD) | 2 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 1.75 times less for Personal Care Items and Treatment.
Indicators | Libya | Micronesia |
---|---|---|
Pair of Nike Running Shoes | 200 LYD (42 USD) | 100 USD |
Men's Shirt | 80 LYD (16.80 USD) | 30 USD |
Women's Dress | 150 LYD (31.50 USD) | 70 USD |
Summer Dress | 70 LYD (14.70 USD) | 50 USD |
Men's Suit | 500 LYD (105 USD) | 200 USD |
Men's Jeans | 150 LYD (31.50 USD) | 50 USD |
Women's Jeans | 100 LYD (21 USD) | 50 USD |
Men's Formal Shoes | 300 LYD (63 USD) | 80 USD |
Women's Formal Shoes | 200 LYD (42 USD) | 80 USD |
Men's Casual Shoes | 200 LYD (42 USD) | 60 USD |
Women's Casual Shoes | 150 LYD (31.50 USD) | 60 USD |
Underwear For Men | 30 LYD (6.30 USD) | 10 USD |
Underwear For Women | 40 LYD (8.40 USD) | 15 USD |
Socks For Men | 10 LYD (2.10 USD) | 5 USD |
Socks For Women | 10 LYD (2.10 USD) | 5 USD |
Wintercoat for Adults | 200 LYD (42 USD) | 100 USD |
Sportswear | 150 LYD (31.50 USD) | 60 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 1.92 times less for Clothing and Footwear for Adults.
Indicators | Libya | Micronesia |
---|---|---|
Children's Jeans | 50 LYD (10.50 USD) | 30 USD |
Children's Normal Sneakers | 80 LYD (16.80 USD) | 40 USD |
Children's Winter Coat | 120 LYD (25.20 USD) | 50 USD |
Daycare for Infant | 200 LYD (42 USD) | 200 USD |
Daycare for Toddler | 180 LYD (37.80 USD) | 180 USD |
Childcare for Sick Days | 150 LYD (31.50 USD) | 50 USD |
Early Childhood Education Programs | 200 LYD (42 USD) | 150 USD |
Extra Curricular Activities | 300 LYD (63 USD) | 100 USD |
Summer Camp for Kids | 400 LYD (84 USD) | 200 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 2.83 times less for Childcare and kids clothing.
Indicators | Libya | Micronesia |
---|---|---|
PreSchool Fees | 150 LYD (31.50 USD) | 250 USD |
Primary School Fees | 400 LYD (84 USD) | 400 USD |
Secondary School Fees | 500 LYD (105 USD) | 600 USD |
Private School Fees | 1,000 LYD (210 USD) | 800 USD |
University Tuition Fees | 1,500 LYD (315 USD) | 1,500 USD |
University Private Tuition Fees | 2,500 LYD (525 USD) | 3,000 USD |
After School Activities | 200 LYD (42 USD) | 100 USD |
Special Education Services | 400 LYD (84 USD) | 100 USD |
Tutoring | 80 LYD (16.80 USD) | 50 USD |
Textbooks Cost | 300 LYD (63 USD) | 40 USD |
School Supplies | 100 LYD (21 USD) | 20 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 4.58 times less for school and education.
Indicators | Libya | Micronesia |
---|---|---|
Movie Ticket (Single) | 20 LYD (4.20 USD) | 8 USD |
Theater Ticket (Single) | 30 LYD (6.30 USD) | 20 USD |
Concert Ticket (Single) | 50 LYD (10.50 USD) | 30 USD |
Sports Event Ticket (Single) | 40 LYD (8.40 USD) | 30 USD |
Gym Membership | 100 LYD (21 USD) | 40 USD |
Swimming Pool Access | 50 LYD (10.50 USD) | 20 USD |
Museum Entry Ticket | 10 LYD (2.10 USD) | 5 USD |
Zoo Entry Ticket | 15 LYD (3.15 USD) | 10 USD |
Amusement Park Entry Ticket | 20 LYD (4.20 USD) | 30 USD |
Bowling | 5 LYD (1.05 USD) | 15 USD |
Mini Golf | 4 LYD (0.84 USD) | 10 USD |
Video Games | 200 LYD (42 USD) | 60 USD |
Streaming Services | 40 LYD (8.40 USD) | 10 USD |
Outdoor Equipment Rental | 30 LYD (6.30 USD) | 20 USD |
Theme Park Annual Pass | 200 LYD (42 USD) | 300 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 3.56 times less for entertainment, recreation and fun activities.
Indicators | Libya | Micronesia |
---|---|---|
Language Classes | 80 LYD (16.80 USD) | 80 USD |
Parenting Classes | 60 LYD (12.60 USD) | 50 USD |
Art Classes | 20 LYD (4.20 USD) | 40 USD |
Fitness Classes | 20 LYD (4.20 USD) | 20 USD |
Music Lessons | 30 LYD (6.30 USD) | 50 USD |
Dance Lessons | 25 LYD (5.25 USD) | 50 USD |
Reading Materials for Classes | 15 LYD (3.15 USD) | 10 USD |
Educational Software | 30 LYD (6.30 USD) | 50 USD |
If you lived in Libya, instead of Micronesia, you would have to pay 5.95 times less for Private Classes.
Indicators | Libya | Micronesia |
---|---|---|
Average Gross Monthly Salary | 2,000 LYD (420 USD) | 2,000 USD |
Average Net Monthly Salary | 1,500 LYD (315 USD) | 1,500 USD |
Minimum Wages | 16.67 LYD per hour (3.50 USD) | 16.67 USD per hour |
Average Bonus | 300 LYD (63 USD) | 500 USD |
Income Tax Rate | 0 % | 0 to 5 % |
Social Security Contributions | 7 % | 8 % |
Pension Contributions | 5 % | 5 % |
Cost of Living Index | 50 | 50 |
Median Household Income | 2,500 LYD (525 USD) | 3,000 USD |
If you lived in Libya, you would earn 5.29 times less salary as compared to Micronesia.
Indicators | Libya | Micronesia |
---|---|---|
Legal Consultation Per Hour Rate | 200 LYD (42 USD) | 100 USD |
Accounting Services Per Hour Rate | 150 LYD (31.50 USD) | 80 USD |
IT Support Services Per Hour Rate | 100 LYD (21 USD) | 70 USD |
Technician Services Per Hour Rate | 80 LYD (16.80 USD) | 60 USD |
Professional Services cost 2.79 times less in Libya, as compared to Micronesia.
We hope you enjoyed the detailed guide on the cost of living comparsion between Libya and Micronesia.
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