Cost of living comparison

Iceland

compared to

Gambia

Gambia vs. Iceland Cost of Living Summary

Gambia is 66.2% cheaper than Iceland overall.

Restaurants: pay 57.8% less in Gambia
Groceries: pay 51.2% less in Gambia
Transportation: pay 77.3% less in Gambia
Housing: pay 71.2% less in Gambia
Childcare: pay 97.5% less in Gambia
Entertainment and Sports: pay 68.1% less in Gambia
Clothing: pay 40.2% less in Gambia

Expenses including childcare, transportation, housing, entertainment and sports, restaurants, and groceries are lower in Gambia.

Gambia vs. Iceland Cost Breakdown

If you lived in Gambia instead of Iceland, you would:

Display currency: USD

pay 57.8% less for restaurants

	Iceland	Gambia
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,508	$4.96 GMD356.63	-74.4%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,191	$6.29 GMD452.16	-62.9%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK363	$1.66 GMD119.51	-40.8%
Bottle of water (11 fl. oz)	$2.02 ISK261	$0.95 GMD68.16	-53.1%
Average			-57.8%

Iceland vs. Gambia - Cost of restaurants

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pay 51.2% less for groceries

	Iceland	Gambia
Bread 1 loaf	$2.95 ISK382	$0.65 GMD46.89	-77.9%
Local cheese (8 oz)	$7.27 ISK939	$3.15 GMD226.08	-56.7%
Milk (1 gallon)	$6.01 ISK777	$5.21 GMD374.02	-13.3%
Eggs 1 dozen	$5.42 ISK701	$1.99 GMD143.18	-63.2%
Boneless chicken breast (1 lb)	$8.51 ISK1,100	$1.27 GMD91.15	-85.1%
Apples (1 lb)	$1.22 ISK158	$0.95 GMD68.37	-22.2%
Bananas (1 lb)	$1.03 ISK133	$0.58 GMD41.78	-43.3%
Oranges (1 lb)	$1.17 ISK151	$0.85 GMD60.77	-27.8%
Tomatoes (1 lb)	$1.87 ISK242	$0.63 GMD45.58	-66.1%
Potatoes (1 lb)	$1.23 ISK160	$0.42 GMD30.38	-65.7%
Onions (1 lb)	$0.78 ISK101	$0.45 GMD32.66	-42.1%
Average			-51.2%

Iceland vs. Gambia - Cost of groceries

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pay 77.3% less for transportation

	Iceland	Gambia
Gasoline (1 gallon)	$8.36 ISK1,081	$4.01 GMD288.23	-52.0%
Monthly public transit pass	$71.28 ISK9,217	$6.55 GMD470.57	-90.8%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,257,830	$2,727.27 GMD195,934.91	-93.3%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,850	$5.94 GMD427.04	-73.0%
Average			-77.3%

Iceland vs. Gambia - Cost of transportation

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pay 71.2% less for housing

	Iceland	Gambia
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,333	$46.62 GMD3,349.31	-35.4%
1-Bedroom apartment in downtown area	$1,838.04 ISK237,677	$102.56 GMD7,368.20	-94.4%
1-Bedroom apartment outside city center	$1,497.77 ISK193,677	$52.91 GMD3,801.47	-96.5%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,502	$24.06 GMD1,728.84	-58.5%
Average			-71.2%

Iceland vs. Gambia - Cost of housing

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pay 97.5% less for childcare

	Iceland	Gambia
Private preschool for 1 child, monthly	$258.16 ISK33,383	$6.99 GMD502.40	-97.3%
Middle school for 1 child, two semesters	$5,993.99 ISK775,083	$139.86 GMD10,047.94	-97.7%
Average			-97.5%

Iceland vs. Gambia - Cost of childcare

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pay 68.1% less for entertainment and sports

	Iceland	Gambia
Domestic/local beer (1 pint)	$9.19 ISK1,188	$3.32 GMD238.49	-63.9%
Cappuccino in mid-range area	$4.65 ISK601	$2.08 GMD149.62	-55.2%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,520	$1.71 GMD123.09	-85.4%
Monthly membership at local gym	$61.46 ISK7,947	$24.48 GMD1,758.39	-60.2%
Movie ticket to theater/cinema	$14.35 ISK1,855	$3.50 GMD251.20	-75.6%
Average			-68.1%

Iceland vs. Gambia - Cost of entertainment and sports

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pay 40.2% less for clothing

	Iceland	Gambia
Regular jeans Levi's brand	$111.23 ISK14,383	$56.00 GMD4,023.20	-49.7%
Regular dress from H&M or similar store	$59.69 ISK7,718	$44.34 GMD3,185.51	-25.7%
Running shoes Nike or Adidas	$148.00 ISK19,138	$99.43 GMD7,143.33	-32.8%
Men's business shoes (leather)	$184.49 ISK23,857	$86.99 GMD6,249.61	-52.8%
Average			-40.2%

Iceland vs. Gambia - 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: May 2025

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