Cost of living comparison
Iceland is 4.1 times more expensive than Ghana.
If you lived in Iceland instead of Ghana, you would:
pay 5.7 times more for restaurants
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.27
GHS53.25
|
$19.51
ISK2,682
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.09
GHS82.86
|
$16.45
ISK2,261
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.55
GHS9.03
|
$2.70
ISK372
|
|
| Bottle of water (11 fl. oz) |
$0.22
GHS3.63
|
$1.95
ISK269
|
|
pay 97.2% more for groceries
|
Ghana
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.53
GHS24.95
|
$3.16
ISK434
|
|
| Local cheese (8 oz) |
$2.95
GHS48.09
|
$6.72
ISK923
|
|
| Milk (1 gallon) |
$7.96
GHS129.60
|
$6.27
ISK862
|
|
|
Eggs
1 dozen
|
$2.10
GHS34.17
|
$6.03
ISK829
|
|
| Boneless chicken breast (1 lb) |
$1.89
GHS30.74
|
$7.60
ISK1,045
|
|
| Apples (1 lb) |
$0.90
GHS14.60
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.45
GHS7.39
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$0.53
GHS8.58
|
$1.15
ISK159
|
|
| Tomatoes (1 lb) |
$0.98
GHS15.88
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$0.88
GHS14.25
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$0.71
GHS11.64
|
$0.68
ISK94
|
|
pay 2.9 times more for transportation
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.86
GHS62.80
|
$8.42
ISK1,157
|
|
| Monthly public transit pass |
$26.48
GHS431.08
|
$68.29
ISK9,387
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$8,310.68
GHS135,297.27
|
$39,714.69
ISK5,458,784
|
|
| Taxi trip in downtown area (5 miles) |
$10.89
GHS177.32
|
$23.23
ISK3,193
|
|
pay 5.3 times more for housing
|
Ghana
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$41.24
GHS671.46
|
$74.47
ISK10,236
|
|
| 1-Bedroom apartment in downtown area |
$428.99
GHS6,983.91
|
$1,518.94
ISK208,778
|
|
| 1-Bedroom apartment outside city center |
$95.80
GHS1,559.58
|
$1,325.48
ISK182,187
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$35.44
GHS576.96
|
$66.99
ISK9,208
|
|
pay 2.7 times more for childcare
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$59.09
GHS962.04
|
$254.97
ISK35,045
|
|
| Middle school for 1 child, two semesters |
$5,489.48
GHS89,368.35
|
$5,993.83
ISK823,851
|
|
pay 5.3 times more for entertainment and sports
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.93
GHS15.10
|
$9.37
ISK1,288
|
|
| Cappuccino in mid-range area |
$1.56
GHS25.38
|
$4.61
ISK634
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.15
GHS18.79
|
$11.22
ISK1,542
|
|
| Monthly membership at local gym |
$30.11
GHS490.24
|
$60.00
ISK8,247
|
|
| Movie ticket to theater/cinema |
$8.70
GHS141.68
|
$13.94
ISK1,916
|
|
pay 4.9 times more for clothing
|
Ghana
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$15.66
GHS254.91
|
$108.23
ISK14,877
|
|
|
Regular dress
from H&M or similar store
|
$18.59
GHS302.68
|
$59.73
ISK8,210
|
|
|
Running shoes
Nike or Adidas
|
$32.46
GHS528.42
|
$146.94
ISK20,197
|
|
| Men's business shoes (leather) |
$33.24
GHS541.18
|
$169.24
ISK23,262
|
|
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