Tournament stake equivalents for live $40-60 buy-in games

[PoKeRFoRNiA]

It's been discussed and confirmed many times that $1/$2 live stakes is equivalent to 5NL-10NL games online. However, for live tourneys, such as $40-60 home games, what would the stakes be equivalent to for online? $1 mtt? $2 mtt? $5 mtt?

 

[rumsey182]

basically a $1 tourny