Cost of living comparison
Reykjavik is 3.9 times more expensive than Accra.
If you lived in Reykjavik instead of Accra, you would:
pay 4.6 times more for restaurants
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.82
GHS70.50
|
$20.00
ISK2,783
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.37
GHS107.98
|
$18.02
ISK2,507
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.74
GHS10.86
|
$3.15
ISK439
|
|
| Bottle of water (11 fl. oz) |
$0.29
GHS4.26
|
$2.19
ISK304
|
|
pay 84.9% more for groceries
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.52
GHS22.28
|
$3.61
ISK502
|
|
| Local cheese (8 oz) |
$3.46
GHS50.64
|
$7.76
ISK1,079
|
|
| Milk (1 gallon) |
$11.31
GHS165.53
|
$6.40
ISK891
|
|
|
Eggs
1 dozen
|
$2.28
GHS33.45
|
$5.76
ISK801
|
|
| Boneless chicken breast (1 lb) |
$2.18
GHS31.87
|
$9.45
ISK1,314
|
|
| Apples (1 lb) |
$1.27
GHS18.66
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$0.59
GHS8.69
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$0.81
GHS11.93
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$1.21
GHS17.65
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$1.21
GHS17.72
|
$1.43
ISK200
|
|
| Onions (1 lb) |
$0.96
GHS14.10
|
$0.93
ISK130
|
|
pay 2.9 times more for transportation
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.34
GHS63.55
|
$8.50
ISK1,183
|
|
| Monthly public transit pass |
$32.96
GHS482.64
|
$74.95
ISK10,428
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$8,000.00
GHS117,130.40
|
$42,450.45
ISK5,906,131
|
|
| Taxi trip in downtown area (5 miles) |
$11.16
GHS163.43
|
$24.05
ISK3,346
|
|
pay 5.5 times more for housing
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$44.40
GHS650.03
|
$69.87
ISK9,720
|
|
| 1-Bedroom apartment in downtown area |
$627.15
GHS9,182.25
|
$1,971.17
ISK274,249
|
|
| 1-Bedroom apartment outside city center |
$112.15
GHS1,642.06
|
$1,803.44
ISK250,913
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$39.69
GHS581.05
|
$53.95
ISK7,507
|
|
pay 2.6 times more for childcare
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$57.02
GHS834.78
|
$252.14
ISK35,080
|
|
| Middle school for 1 child, two semesters |
$7,655.73
GHS112,089.89
|
$5,993.99
ISK833,944
|
|
pay 4.4 times more for entertainment and sports
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.21
GHS17.64
|
$10.81
ISK1,504
|
|
| Cappuccino in mid-range area |
$2.75
GHS40.30
|
$5.31
ISK738
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.57
GHS22.96
|
$12.25
ISK1,704
|
|
| Monthly membership at local gym |
$36.21
GHS530.12
|
$69.95
ISK9,732
|
|
| Movie ticket to theater/cinema |
$9.33
GHS136.62
|
$14.77
ISK2,056
|
|
pay 5.0 times more for clothing
|
Accra
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$14.87
GHS217.79
|
$108.97
ISK15,161
|
|
|
Regular dress
from H&M or similar store
|
$20.10
GHS294.32
|
$49.72
ISK6,918
|
|
|
Running shoes
Nike or Adidas
|
$32.71
GHS478.88
|
$151.85
ISK21,127
|
|
| Men's business shoes (leather) |
$34.57
GHS506.09
|
$194.16
ISK27,013
|
|
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