Cost of living comparison
Iceland is 2.3 times more expensive than Lebanon.
If you lived in Iceland instead of Lebanon, you would:
pay 2.1 times more for restaurants
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$7.00
LBP628,693
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.64
LBP686,084
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.59
LBP142,739
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$1.13
LBP101,489
|
$2.02
ISK278
|
|
pay 2.8 times more for groceries
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.62
LBP55,943
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$4.15
LBP373,099
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$5.55
LBP498,856
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$2.17
LBP194,448
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$3.28
LBP294,473
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$0.57
LBP51,432
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.40
LBP36,151
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.31
LBP27,945
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.44
LBP39,958
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.32
LBP28,449
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.39
LBP35,312
|
$0.78
ISK108
|
|
pay 65.6% more for transportation
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.49
LBP313,507
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$75.00
LBP6,735,996
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$26,250.00
LBP2,357,598,761
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$12.75
LBP1,145,119
|
$22.04
ISK3,033
|
|
pay 3.1 times more for housing
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.88
LBP2,862,798
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$494.12
LBP44,378,330
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$254.69
LBP22,874,321
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$161.18
LBP14,476,375
|
$58.01
ISK7,986
|
|
pay 59.8% more for childcare
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$209.17
LBP18,785,946
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$3,055.56
LBP274,429,485
|
$5,993.99
ISK825,073
|
|
pay 3.0 times more for entertainment and sports
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.00
LBP269,440
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$1.90
LBP170,645
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.00
LBP179,627
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$39.42
LBP3,540,140
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$6.75
LBP606,240
|
$14.35
ISK1,975
|
|
pay 64.3% more for clothing
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$56.56
LBP5,080,064
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$57.86
LBP5,196,340
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$93.23
LBP8,373,218
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$92.86
LBP8,339,805
|
$184.49
ISK25,396
|
|
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