Libya
Cost of Living in Libya
Last updated on Jan 03, 2024
Summary: The cost of living in Libya is relatively low compared to other countries. A nice 1 bedroom apartment in Libya can cost around $400 to $500 per month, while a nice 2 bedroom apartment can cost around $600 to $700 per month. Dinner at a moderately priced restaurant in Libya can cost around $10 to $15 per person.
Is the cost of living in Libya high?
We asked people how much they someone comfortably live on in Libya, they wrote:
"The cost of living in Libya is generally low compared to other countries. Prices for basic necessities such as food, clothing, and housing are relatively inexpensive. However, due to the ongoing political and economic instability, the cost of living can vary significantly from one region to another. Additionally, the cost of imported goods is often higher than in other countries due to the limited availability of foreign currency," wrote a person living in Libya.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Will I save money living in Libya?
"Living in Libya can be significantly cheaper than living in the United States. The cost of living in Libya is much lower than in the United States, with basic necessities such as food, housing, and transportation costing significantly less. Additionally, wages in Libya are generally lower than in the United States, meaning that the same amount of money can go much further in Libya. As a result, it is likely that someone living in Libya will be able to save more money than if they were living in the United States," wrote a person living in Libya.
What is the average cost of housing in Libya?
If you are thinking about moving to Libya, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Libya varies depending on the location and type of housing. Generally, housing in Libya is relatively affordable compared to other countries in the region. Rent for an apartment in a major city can range from a few hundred dollars to a few thousand dollars per month, while rent for a house in a rural area can be much lower," wrote a person living in Libya.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What are typical rental prices for expats in Libya?
"The rental price for a nice 1 bedroom apartment in Libya can vary depending on the location and amenities, but generally ranges from around $500 to $1,000 per month. For a nice 2 bedroom apartment, the rental price can range from around $800 to $1,500 per month," commented one expat who moved to Libya.
What appliances are typically included in a rental?
We asked foreigners in Libya what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Libya, rental properties typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a dishwasher, air conditioner, and water heater. Depending on the property, additional appliances such as a microwave, toaster, and coffee maker may also be included," said one expat living in Libya.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
