Cost of living comparison
Iceland is 4.0 times more expensive than Ghana.
If you lived in Iceland instead of Ghana, you would:
pay 5.3 times more for restaurants
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$3.70
GHS54.14
|
$19.40
ISK2,699
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.51
GHS80.66
|
$16.94
ISK2,357
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.59
GHS8.70
|
$2.81
ISK391
|
|
| Bottle of water (11 fl. oz) |
$0.25
GHS3.60
|
$2.02
ISK281
|
|
pay 89.8% more for groceries
|
Ghana
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.52
GHS22.28
|
$2.95
ISK411
|
|
| Local cheese (8 oz) |
$3.18
GHS46.52
|
$7.27
ISK1,011
|
|
| Milk (1 gallon) |
$8.96
GHS131.21
|
$6.01
ISK836
|
|
|
Eggs
1 dozen
|
$2.21
GHS32.29
|
$5.42
ISK754
|
|
| Boneless chicken breast (1 lb) |
$2.08
GHS30.45
|
$8.51
ISK1,184
|
|
| Apples (1 lb) |
$1.01
GHS14.81
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.48
GHS7.08
|
$1.03
ISK143
|
|
| Oranges (1 lb) |
$0.59
GHS8.70
|
$1.17
ISK163
|
|
| Tomatoes (1 lb) |
$1.04
GHS15.24
|
$1.87
ISK261
|
|
| Potatoes (1 lb) |
$0.98
GHS14.34
|
$1.23
ISK172
|
|
| Onions (1 lb) |
$0.73
GHS10.73
|
$0.78
ISK109
|
|
pay 3.0 times more for transportation
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.23
GHS61.96
|
$8.36
ISK1,163
|
|
| Monthly public transit pass |
$26.38
GHS386.26
|
$71.28
ISK9,917
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$8,000.00
GHS117,130.40
|
$40,660.66
ISK5,657,118
|
|
| Taxi trip in downtown area (5 miles) |
$10.74
GHS157.22
|
$22.04
ISK3,066
|
|
pay 4.9 times more for housing
|
Ghana
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$43.21
GHS632.66
|
$72.17
ISK10,042
|
|
| 1-Bedroom apartment in downtown area |
$627.15
GHS9,182.25
|
$1,838.04
ISK255,726
|
|
| 1-Bedroom apartment outside city center |
$112.15
GHS1,642.06
|
$1,497.77
ISK208,385
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$35.41
GHS518.49
|
$58.01
ISK8,072
|
|
pay 2.7 times more for childcare
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$57.02
GHS834.78
|
$258.16
ISK35,918
|
|
| Middle school for 1 child, two semesters |
$6,571.37
GHS96,213.35
|
$5,993.99
ISK833,944
|
|
pay 5.1 times more for entertainment and sports
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.95
GHS13.87
|
$9.19
ISK1,278
|
|
| Cappuccino in mid-range area |
$1.69
GHS24.68
|
$4.65
ISK647
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.20
GHS17.52
|
$11.76
ISK1,636
|
|
| Monthly membership at local gym |
$32.36
GHS473.74
|
$61.46
ISK8,551
|
|
| Movie ticket to theater/cinema |
$9.33
GHS136.62
|
$14.35
ISK1,996
|
|
pay 5.1 times more for clothing
|
Ghana
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$14.87
GHS217.79
|
$111.23
ISK15,476
|
|
|
Regular dress
from H&M or similar store
|
$20.10
GHS294.32
|
$59.69
ISK8,305
|
|
|
Running shoes
Nike or Adidas
|
$32.71
GHS478.88
|
$148.00
ISK20,591
|
|
| Men's business shoes (leather) |
$34.57
GHS506.09
|
$184.49
ISK25,669
|
|
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