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
GHS59.25
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.51
GHS88.27
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.59
GHS9.52
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.25
GHS3.94
|
$2.02
ISK278
|
|
pay 89.8% more for groceries
|
Ghana
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.52
GHS24.38
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$3.18
GHS50.91
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$8.96
GHS143.59
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$2.21
GHS35.34
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$2.08
GHS33.32
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$1.01
GHS16.20
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.48
GHS7.75
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.59
GHS9.52
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$1.04
GHS16.68
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.98
GHS15.69
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.73
GHS11.74
|
$0.78
ISK108
|
|
pay 3.0 times more for transportation
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.23
GHS67.81
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$26.38
GHS422.71
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$8,000.00
GHS128,183.59
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$10.74
GHS172.06
|
$22.04
ISK3,033
|
|
pay 4.9 times more for housing
|
Ghana
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$43.21
GHS692.37
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$627.15
GHS10,048.75
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$112.15
GHS1,797.02
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$35.41
GHS567.42
|
$58.01
ISK7,986
|
|
pay 2.7 times more for childcare
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$57.02
GHS913.56
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$6,571.37
GHS105,292.67
|
$5,993.99
ISK825,073
|
|
pay 5.1 times more for entertainment and sports
|
Ghana
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.95
GHS15.18
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$1.69
GHS27.00
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.20
GHS19.17
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$32.36
GHS518.44
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$9.33
GHS149.51
|
$14.35
ISK1,975
|
|
pay 5.1 times more for clothing
|
Ghana
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$14.87
GHS238.34
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$20.10
GHS322.09
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$32.71
GHS524.07
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$34.57
GHS553.85
|
$184.49
ISK25,396
|
|
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