Cost of living comparison
Iceland is 2.2 times more expensive than Lebanon.
If you lived in Iceland instead of Lebanon, you would:
pay 2.3 times more for restaurants
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.00
LBP536,533
|
$19.51
ISK2,682
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.00
LBP625,955
|
$16.45
ISK2,261
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.51
LBP135,353
|
$2.70
ISK372
|
|
| Bottle of water (11 fl. oz) |
$0.98
LBP87,435
|
$1.95
ISK269
|
|
pay 3.0 times more for groceries
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.56
LBP49,803
|
$3.16
ISK434
|
|
| Local cheese (8 oz) |
$3.99
LBP356,362
|
$6.72
ISK923
|
|
| Milk (1 gallon) |
$5.67
LBP507,099
|
$6.27
ISK862
|
|
|
Eggs
1 dozen
|
$1.89
LBP168,962
|
$6.03
ISK829
|
|
| Boneless chicken breast (1 lb) |
$3.02
LBP269,918
|
$7.60
ISK1,045
|
|
| Apples (1 lb) |
$0.53
LBP47,406
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.41
LBP36,647
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$0.29
LBP26,183
|
$1.15
ISK159
|
|
| Tomatoes (1 lb) |
$0.43
LBP38,632
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$0.29
LBP25,486
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$0.38
LBP33,548
|
$0.68
ISK94
|
|
pay 71.0% more for transportation
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.51
LBP314,036
|
$8.42
ISK1,157
|
|
| Monthly public transit pass |
$65.22
LBP5,831,881
|
$68.29
ISK9,387
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,750.00
LBP2,123,776,485
|
$39,714.69
ISK5,458,784
|
|
| Taxi trip in downtown area (5 miles) |
$13.50
LBP1,207,199
|
$23.23
ISK3,193
|
|
pay 2.6 times more for housing
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$50.62
LBP4,526,997
|
$74.47
ISK10,236
|
|
| 1-Bedroom apartment in downtown area |
$485.94
LBP43,453,585
|
$1,518.94
ISK208,778
|
|
| 1-Bedroom apartment outside city center |
$247.12
LBP22,097,593
|
$1,325.48
ISK182,187
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$178.38
LBP15,951,337
|
$66.99
ISK9,208
|
|
pay 52.9% more for childcare
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$230.00
LBP20,567,099
|
$254.97
ISK35,045
|
|
| Middle school for 1 child, two semesters |
$3,075.00
LBP274,973,166
|
$5,993.83
ISK823,851
|
|
pay 2.8 times more for entertainment and sports
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.00
LBP268,266
|
$9.37
ISK1,288
|
|
| Cappuccino in mid-range area |
$1.74
LBP155,700
|
$4.61
ISK634
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.29
LBP204,777
|
$11.22
ISK1,542
|
|
| Monthly membership at local gym |
$40.17
LBP3,591,790
|
$60.00
ISK8,247
|
|
| Movie ticket to theater/cinema |
$6.75
LBP603,600
|
$13.94
ISK1,916
|
|
pay 55.4% more for clothing
|
Lebanon
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$59.34
LBP5,306,647
|
$108.23
ISK14,877
|
|
|
Regular dress
from H&M or similar store
|
$54.29
LBP4,854,346
|
$59.73
ISK8,210
|
|
|
Running shoes
Nike or Adidas
|
$95.60
LBP8,548,333
|
$146.94
ISK20,197
|
|
| Men's business shoes (leather) |
$96.43
LBP8,622,852
|
$169.24
ISK23,262
|
|
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