Cost of living comparison

Iceland

compared to

Lebanon

Lebanon vs. Iceland Cost of Living Summary

Lebanon is 39.9% cheaper than Iceland overall.

Restaurants: pay 51.6% less in Lebanon
Groceries: pay 58.1% less in Lebanon
Transportation: pay 32.6% less in Lebanon
Housing: pay 8.5% less in Lebanon
Childcare: pay 34.0% less in Lebanon
Entertainment and Sports: pay 59.7% less in Lebanon
Clothing: pay 34.7% less in Lebanon

Expenses including entertainment and sports, groceries, restaurants, clothing, childcare, and transportation are lower in Lebanon.

Lebanon vs. Iceland Cost Breakdown

If you lived in Lebanon instead of Iceland, you would:

Display currency: USD

pay 51.6% less for restaurants

	Iceland	Lebanon
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,534	$7.00 LBP627,200	-63.9%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,213	$7.64 LBP684,454	-54.9%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK367	$1.59 LBP142,400	-43.5%
Bottle of water (11 fl. oz)	$2.02 ISK264	$1.13 LBP101,248	-44.1%
Average			-51.6%

Iceland vs. Lebanon - Cost of restaurants

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pay 58.1% less for groceries

	Iceland	Lebanon
Bread 1 loaf	$2.95 ISK386	$0.62 LBP55,810	-78.9%
Local cheese (8 oz)	$7.27 ISK949	$4.15 LBP372,213	-42.8%
Milk (1 gallon)	$6.01 ISK784	$5.55 LBP497,671	-7.5%
Eggs 1 dozen	$5.42 ISK708	$2.17 LBP193,986	-60.0%
Boneless chicken breast (1 lb)	$8.51 ISK1,111	$3.28 LBP293,773	-61.5%
Apples (1 lb)	$1.22 ISK160	$0.57 LBP51,310	-53.2%
Bananas (1 lb)	$1.03 ISK134	$0.40 LBP36,065	-60.8%
Oranges (1 lb)	$1.17 ISK153	$0.31 LBP27,878	-73.4%
Tomatoes (1 lb)	$1.87 ISK245	$0.44 LBP39,863	-76.3%
Potatoes (1 lb)	$1.23 ISK161	$0.32 LBP28,382	-74.3%
Onions (1 lb)	$0.78 ISK102	$0.39 LBP35,228	-49.9%
Average			-58.1%

Iceland vs. Lebanon - Cost of groceries

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pay 32.6% less for transportation

	Iceland	Lebanon
Gasoline (1 gallon)	$8.36 ISK1,092	$3.49 LBP312,763	-58.3%
Monthly public transit pass	$71.28 ISK9,310	$75.00 LBP6,720,000	+5.2%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,310,689	$26,250.00 LBP2,352,000,000	-35.4%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,878	$12.75 LBP1,142,400	-42.1%
Average			-32.6%

Iceland vs. Lebanon - Cost of transportation

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pay 8.5% less for housing

	Iceland	Lebanon
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,427	$31.88 LBP2,856,000	-55.8%
1-Bedroom apartment in downtown area	$1,838.04 ISK240,066	$494.12 LBP44,272,941	-73.1%
1-Bedroom apartment outside city center	$1,497.77 ISK195,624	$254.69 LBP22,820,000	-83.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,577	$161.18 LBP14,441,997	+177.8%
Average			-8.5%

Iceland vs. Lebanon - Cost of housing

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pay 34.0% less for childcare

	Iceland	Lebanon
Private preschool for 1 child, monthly	$258.16 ISK33,719	$209.17 LBP18,741,333	-19.0%
Middle school for 1 child, two semesters	$5,993.99 ISK782,876	$3,055.56 LBP273,777,778	-49.0%
Average			-34.0%

Iceland vs. Lebanon - Cost of childcare

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pay 59.7% less for entertainment and sports

	Iceland	Lebanon
Domestic/local beer (1 pint)	$9.19 ISK1,200	$3.00 LBP268,800	-67.3%
Cappuccino in mid-range area	$4.65 ISK607	$1.90 LBP170,240	-59.1%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,535	$2.00 LBP179,200	-83.0%
Monthly membership at local gym	$61.46 ISK8,027	$39.42 LBP3,531,733	-35.9%
Movie ticket to theater/cinema	$14.35 ISK1,874	$6.75 LBP604,800	-53.0%
Average			-59.7%

Iceland vs. Lebanon - Cost of entertainment and sports

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pay 34.7% less for clothing

	Iceland	Lebanon
Regular jeans Levi's brand	$111.23 ISK14,528	$56.56 LBP5,068,000	-49.1%
Regular dress from H&M or similar store	$59.69 ISK7,796	$57.86 LBP5,184,000	-3.1%
Running shoes Nike or Adidas	$148.00 ISK19,330	$93.23 LBP8,353,333	-37.0%
Men's business shoes (leather)	$184.49 ISK24,097	$92.86 LBP8,320,000	-49.7%
Average			-34.7%

Iceland vs. Lebanon - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: May 2025

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