Cost of living comparison
Reykjavik is 3.9 times more expensive than Accra.
If you lived in Reykjavik instead of Accra, you would:
pay 5.0 times more for restaurants
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.99
GHS65.01
|
$21.59
ISK2,967
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.67
GHS108.66
|
$17.27
ISK2,374
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.70
GHS11.33
|
$2.90
ISK399
|
|
| Bottle of water (11 fl. oz) |
$0.27
GHS4.37
|
$2.07
ISK285
|
|
pay 88.5% more for groceries
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.59
GHS25.81
|
$3.68
ISK506
|
|
| Local cheese (8 oz) |
$3.57
GHS58.07
|
$7.66
ISK1,052
|
|
| Milk (1 gallon) |
$10.22
GHS166.33
|
$6.16
ISK847
|
|
|
Eggs
1 dozen
|
$2.41
GHS39.30
|
$5.91
ISK813
|
|
| Boneless chicken breast (1 lb) |
$2.09
GHS34.09
|
$8.87
ISK1,220
|
|
| Apples (1 lb) |
$1.15
GHS18.74
|
$1.53
ISK210
|
|
| Bananas (1 lb) |
$0.59
GHS9.55
|
$0.97
ISK133
|
|
| Oranges (1 lb) |
$0.73
GHS11.93
|
$1.26
ISK173
|
|
| Tomatoes (1 lb) |
$1.15
GHS18.70
|
$2.23
ISK306
|
|
| Potatoes (1 lb) |
$1.11
GHS18.04
|
$1.42
ISK195
|
|
| Onions (1 lb) |
$0.95
GHS15.43
|
$1.01
ISK139
|
|
pay 2.7 times more for transportation
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.34
GHS70.70
|
$8.57
ISK1,179
|
|
| Monthly public transit pass |
$35.97
GHS585.51
|
$66.92
ISK9,198
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$8,310.68
GHS135,297.27
|
$41,660.67
ISK5,726,259
|
|
| Taxi trip in downtown area (5 miles) |
$12.58
GHS204.79
|
$23.30
ISK3,202
|
|
pay 6.2 times more for housing
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$45.95
GHS748.14
|
$68.45
ISK9,408
|
|
| 1-Bedroom apartment in downtown area |
$428.99
GHS6,983.91
|
$1,864.13
ISK256,225
|
|
| 1-Bedroom apartment outside city center |
$95.80
GHS1,559.58
|
$1,666.20
ISK229,019
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$43.81
GHS713.18
|
$64.43
ISK8,856
|
|
pay 2.6 times more for childcare
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$59.09
GHS962.04
|
$240.37
ISK33,039
|
|
| Middle school for 1 child, two semesters |
$5,489.48
GHS89,368.35
|
$5,984.07
ISK822,511
|
|
pay 4.4 times more for entertainment and sports
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.20
GHS19.53
|
$10.79
ISK1,483
|
|
| Cappuccino in mid-range area |
$2.52
GHS40.97
|
$5.09
ISK699
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.60
GHS26.06
|
$11.87
ISK1,632
|
|
| Monthly membership at local gym |
$35.44
GHS577.04
|
$65.50
ISK9,003
|
|
| Movie ticket to theater/cinema |
$8.70
GHS141.68
|
$14.39
ISK1,978
|
|
pay 4.6 times more for clothing
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$15.66
GHS254.91
|
$103.94
ISK14,287
|
|
|
Regular dress
from H&M or similar store
|
$18.59
GHS302.68
|
$43.50
ISK5,978
|
|
|
Running shoes
Nike or Adidas
|
$32.46
GHS528.42
|
$141.47
ISK19,445
|
|
| Men's business shoes (leather) |
$33.24
GHS541.18
|
$174.65
ISK24,006
|
|
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