Cost of living comparison

Reykjavik, Iceland

compared to

Accra, Ghana

Accra vs. Reykjavik Cost of Living Summary

Accra is 54.7% cheaper than Reykjavik.

Restaurants: pay 74.5% less in Accra
Groceries: pay 28.7% less in Accra
Transportation: pay 59.9% less in Accra
Housing: pay 56.2% less in Accra
Childcare: pay 24.9% less in Accra
Entertainment and Sports: pay 61.8% less in Accra
Clothing: pay 76.7% less in Accra

Expenses including clothing, restaurants, entertainment and sports, transportation, housing, and groceries are lower in Accra.

Accra vs. Reykjavik Cost Breakdown

If you lived in Accra instead of Reykjavik, you would:

Display currency: USD

pay 74.5% less for restaurants

	Reykjavik	Accra
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,419	$4.82 GHS49.82	-75.9%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,179	$7.37 GHS76.30	-59.1%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK381	$0.74 GHS7.67	-76.5%
Bottle of water (11 fl. oz)	$2.19 ISK264	$0.29 GHS3.01	-86.7%
Average			-74.5%

Reykjavik vs. Accra - Cost of restaurants

Improve prices · Change currency (USD)

pay 28.7% less for groceries

	Reykjavik	Accra
Bread 1 loaf	$3.61 ISK437	$1.52 GHS15.74	-57.9%
Local cheese (8 oz)	$7.76 ISK938	$3.46 GHS35.78	-55.4%
Milk (1 gallon)	$6.40 ISK774	$11.31 GHS116.98	+76.5%
Eggs 1 dozen	$5.76 ISK696	$2.28 GHS23.64	-60.3%
Boneless chicken breast (1 lb)	$9.45 ISK1,142	$2.18 GHS22.52	-77.0%
Apples (1 lb)	$1.40 ISK170	$1.27 GHS13.18	-9.1%
Bananas (1 lb)	$1.01 ISK122	$0.59 GHS6.14	-41.2%
Oranges (1 lb)	$1.22 ISK147	$0.81 GHS8.43	-33.1%
Tomatoes (1 lb)	$2.22 ISK269	$1.21 GHS12.47	-45.8%
Potatoes (1 lb)	$1.43 ISK173	$1.21 GHS12.53	-15.6%
Onions (1 lb)	$0.93 ISK113	$0.96 GHS9.96	+3.1%
Average			-28.7%

Reykjavik vs. Accra - Cost of groceries

Improve prices · Change currency (USD)

pay 59.9% less for transportation

	Reykjavik	Accra
Gasoline (1 gallon)	$8.50 ISK1,028	$4.34 GHS44.91	-48.9%
Monthly public transit pass	$74.95 ISK9,064	$32.96 GHS341.06	-56.0%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,133,533	$8,000.00 GHS82,771.74	-81.2%
Taxi trip in downtown area (5 miles)	$24.05 ISK2,908	$11.16 GHS115.49	-53.6%
Average			-59.9%

Reykjavik vs. Accra - Cost of transportation

Improve prices · Change currency (USD)

pay 56.2% less for housing

	Reykjavik	Accra
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,449	$44.40 GHS459.35	-36.5%
1-Bedroom apartment in downtown area	$1,971.17 ISK238,374	$627.15 GHS6,488.76	-68.2%
1-Bedroom apartment outside city center	$1,803.44 ISK218,090	$112.15 GHS1,160.38	-93.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,525	$39.69 GHS410.60	-26.4%
Average			-56.2%

Reykjavik vs. Accra - Cost of housing

Improve prices · Change currency (USD)

pay 24.9% less for childcare

	Reykjavik	Accra
Private preschool for 1 child, monthly	$252.14 ISK30,491	$57.02 GHS589.91	-77.4%
Middle school for 1 child, two semesters	$5,993.99 ISK724,854	$7,655.73 GHS79,209.79	+27.7%
Average			-24.9%

Reykjavik vs. Accra - Cost of childcare

Improve prices · Change currency (USD)

pay 61.8% less for entertainment and sports

	Reykjavik	Accra
Domestic/local beer (1 pint)	$10.81 ISK1,307	$1.21 GHS12.47	-88.9%
Cappuccino in mid-range area	$5.31 ISK642	$2.75 GHS28.48	-48.1%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,481	$1.57 GHS16.23	-87.2%
Monthly membership at local gym	$69.95 ISK8,459	$36.21 GHS374.62	-48.2%
Movie ticket to theater/cinema	$14.77 ISK1,787	$9.33 GHS96.55	-36.8%
Average			-61.8%

Reykjavik vs. Accra - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 76.7% less for clothing

	Reykjavik	Accra
Regular jeans Levi's brand	$108.97 ISK13,178	$14.87 GHS153.90	-86.3%
Regular dress from H&M or similar store	$49.72 ISK6,013	$20.10 GHS207.98	-59.6%
Running shoes Nike or Adidas	$151.85 ISK18,364	$32.71 GHS338.41	-78.5%
Men's business shoes (leather)	$194.16 ISK23,480	$34.57 GHS357.63	-82.2%
Average			-76.7%

Reykjavik vs. Accra - Cost of clothing

Improve prices · Change currency (USD)

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: July 2025

More cost comparisons

Reykjavik vs.

Bangkok

Reykjavik vs.

Dublin

Reykjavik vs.

Madrid

Reykjavik vs.

Mexico City

Reykjavik vs.

Prague

Reykjavik vs.

Canberra

Reykjavik vs.

Beijing

Reykjavik vs.

Athens

Share this

Compare countries by overall cost of living

See the cost of living in Iceland vs. Ghana. This provides a comparison of the average cost of living from cities within Iceland and Ghana.

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Reykjavik

Add prices for Accra

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Accra or Reykjavik. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.