Cost of living comparison

Iceland

compared to

Equatorial Guinea

Equatorial Guinea vs. Iceland Cost of Living Summary

Equatorial Guinea is 36.8% cheaper than Iceland overall.

Restaurants: pay 39.0% less in Equatorial Guinea
Groceries: pay 30.6% more in Equatorial Guinea
Transportation: pay 52.9% less in Equatorial Guinea
Housing: pay 71.7% less in Equatorial Guinea
Childcare: pay 84.6% less in Equatorial Guinea
Entertainment and Sports: pay 40.7% less in Equatorial Guinea
Clothing: pay 0.7% more in Equatorial Guinea

The cost of groceries and clothing in Equatorial Guinea are more expensive than in Iceland. Expenses including childcare, housing, transportation, entertainment and sports, and restaurants are lower in Equatorial Guinea.

Equatorial Guinea vs. Iceland Cost Breakdown

If you lived in Equatorial Guinea instead of Iceland, you would:

Display currency: USD

pay 39.0% less for restaurants

	Iceland	Equatorial Guinea
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,608	$13.07 FCFA7,854	-32.6%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,278	$12.25 FCFA7,363	-27.7%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK378	$1.23 FCFA736	-56.4%
Bottle of water (11 fl. oz)	$2.02 ISK272	$1.23 FCFA736	-39.4%
Average			-39.0%

Iceland vs. Equatorial Guinea - Cost of restaurants

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pay 30.6% more for groceries

	Iceland	Equatorial Guinea
Bread 1 loaf	$2.95 ISK397	$3.24 FCFA1,948	+9.7%
Local cheese (8 oz)	$7.27 ISK977	$3.37 FCFA2,023	-53.7%
Milk (1 gallon)	$6.01 ISK808	$9.69 FCFA5,822	+61.3%
Eggs 1 dozen	$5.42 ISK729	$2.94 FCFA1,767	-45.7%
Boneless chicken breast (1 lb)	$8.51 ISK1,144	$3.10 FCFA1,862	-63.6%
Apples (1 lb)	$1.22 ISK165	$2.22 FCFA1,336	+81.7%
Bananas (1 lb)	$1.03 ISK138	$1.48 FCFA891	+44.4%
Oranges (1 lb)	$1.17 ISK157	$2.22 FCFA1,336	+89.8%
Tomatoes (1 lb)	$1.87 ISK252	$1.48 FCFA891	-20.9%
Potatoes (1 lb)	$1.23 ISK166	$1.85 FCFA1,113	+50.1%
Onions (1 lb)	$0.78 ISK106	$2.22 FCFA1,336	+183.4%
Average			+30.6%

Iceland vs. Equatorial Guinea - Cost of groceries

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pay 52.9% less for transportation

	Iceland	Equatorial Guinea
Gasoline (1 gallon)	$8.36 ISK1,124	$3.09 FCFA1,858	-63.0%
Monthly public transit pass	$71.28 ISK9,584	$26.38 FCFA15,851	-63.0%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,467,232	$33,034.81 FCFA19,850,147	-18.8%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,963	$7.35 FCFA4,418	-66.6%
Average			-52.9%

Iceland vs. Equatorial Guinea - Cost of transportation

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pay 71.7% less for housing

	Iceland	Equatorial Guinea
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,705	$16.34 FCFA9,818	-77.4%
1-Bedroom apartment in downtown area	$1,838.04 ISK247,143	$204.24 FCFA122,723	-88.9%
1-Bedroom apartment outside city center	$1,497.77 ISK201,390	$114.37 FCFA68,725	-92.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,801	$41.86 FCFA25,151	-27.9%
Average			-71.7%

Iceland vs. Equatorial Guinea - Cost of housing

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pay 84.6% less for childcare

	Iceland	Equatorial Guinea
Private preschool for 1 child, monthly	$258.16 ISK34,713	$65.36 FCFA39,271	-74.7%
Middle school for 1 child, two semesters	$5,993.99 ISK805,952	$326.78 FCFA196,356	-94.5%
Average			-84.6%

Iceland vs. Equatorial Guinea - Cost of childcare

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pay 40.7% less for entertainment and sports

	Iceland	Equatorial Guinea
Domestic/local beer (1 pint)	$9.19 ISK1,235	$1.63 FCFA982	-82.2%
Cappuccino in mid-range area	$4.65 ISK625	$5.72 FCFA3,436	+23.0%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,581	$4.52 FCFA2,715	-61.6%
Monthly membership at local gym	$61.46 ISK8,264	$49.02 FCFA29,453	-20.2%
Movie ticket to theater/cinema	$14.35 ISK1,929	$5.39 FCFA3,236	-62.5%
Average			-40.7%

Iceland vs. Equatorial Guinea - Cost of entertainment and sports

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pay 0.7% more for clothing

	Iceland	Equatorial Guinea
Regular jeans Levi's brand	$111.23 ISK14,956	$24.51 FCFA14,727	-78.0%
Regular dress from H&M or similar store	$59.69 ISK8,026	$102.12 FCFA61,361	+71.1%
Running shoes Nike or Adidas	$148.00 ISK19,900	$245.08 FCFA147,267	+65.6%
Men's business shoes (leather)	$184.49 ISK24,807	$81.69 FCFA49,089	-55.7%
Average			+0.7%

Iceland vs. Equatorial Guinea - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: March 2025

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