Cost of living comparison

compared to

Iceland vs. Equatorial Guinea Cost of Living Summary

Iceland is 4.0 times more expensive than Equatorial Guinea overall.

Restaurants: pay 70.3% more in Iceland
Groceries: pay 12.1% more in Iceland
Transportation: pay 2.4 times more in Iceland
Housing: pay 7.0 times more in Iceland
Childcare: pay 11.1 times more in Iceland
Entertainment and Sports: pay 2.6 times more in Iceland
Clothing: pay 99.6% more in Iceland

The cost of childcare, housing, entertainment and sports, transportation, clothing, and restaurants in Iceland are more expensive than in Equatorial Guinea. Notably, childcare, housing, and entertainment and sports are significantly more expensive in Iceland.

Iceland vs. Equatorial Guinea Cost Breakdown

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

Display currency: USD

pay 70.3% more for restaurants

	Equatorial Guinea	Iceland
Basic meal with drink at inexpensive restaurant	$13.07 FCFA7,539	$19.40 ISK2,475	+48.4%
Fast food combo meal McDonalds, or similar	$12.25 FCFA7,068	$16.94 ISK2,162	+38.3%
Bottle of Coca-Cola (11 fl. oz)	$1.23 FCFA707	$2.81 ISK359	+129.4%
Bottle of water (11 fl. oz)	$1.23 FCFA707	$2.02 ISK258	+65.0%
Average			+70.3%

Equatorial Guinea vs. Iceland - Cost of restaurants

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pay 12.1% more for groceries

	Equatorial Guinea	Iceland
Bread 1 loaf	$3.24 FCFA1,870	$2.95 ISK377	-8.9%
Local cheese (8 oz)	$3.37 FCFA1,942	$7.27 ISK927	+115.8%
Milk (1 gallon)	$9.69 FCFA5,589	$6.01 ISK766	-38.0%
Eggs 1 dozen	$2.94 FCFA1,696	$5.42 ISK692	+84.3%
Boneless chicken breast (1 lb)	$3.10 FCFA1,787	$8.51 ISK1,086	+174.5%
Apples (1 lb)	$2.22 FCFA1,282	$1.22 ISK156	-45.0%
Bananas (1 lb)	$1.48 FCFA855	$1.03 ISK131	-30.7%
Oranges (1 lb)	$2.22 FCFA1,282	$1.17 ISK149	-47.3%
Tomatoes (1 lb)	$1.48 FCFA855	$1.87 ISK239	+26.4%
Potatoes (1 lb)	$1.85 FCFA1,069	$1.23 ISK158	-33.4%
Onions (1 lb)	$2.22 FCFA1,282	$0.78 ISK100	-64.7%
Average			+12.1%

Equatorial Guinea vs. Iceland - Cost of groceries

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pay 2.4 times more for transportation

	Equatorial Guinea	Iceland
Gasoline (1 gallon)	$3.09 FCFA1,784	$8.36 ISK1,067	+170.4%
Monthly public transit pass	$26.38 FCFA15,216	$71.28 ISK9,096	+170.2%
New Volkswagen Golf 1.4 (standard edition)	$33,034.81 FCFA19,054,365	$40,660.66 ISK5,188,707	+23.1%
Taxi trip in downtown area (5 miles)	$7.35 FCFA4,241	$22.04 ISK2,812	+199.7%
Average			+140.8%

Equatorial Guinea vs. Iceland - Cost of transportation

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pay 7.0 times more for housing

	Equatorial Guinea	Iceland
Internet connection 50 mbps or faster, cable/dsl	$16.34 FCFA9,424	$72.17 ISK9,210	+341.7%
1-Bedroom apartment in downtown area	$204.24 FCFA117,803	$1,838.04 ISK234,552	+800.0%
1-Bedroom apartment outside city center	$114.37 FCFA65,970	$1,497.77 ISK191,130	+1209.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$41.86 FCFA24,143	$58.01 ISK7,403	+38.6%
Average			+597.5%

Equatorial Guinea vs. Iceland - Cost of housing

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pay 11.1 times more for childcare

	Equatorial Guinea	Iceland
Private preschool for 1 child, monthly	$65.36 FCFA37,697	$258.16 ISK32,944	+295.0%
Middle school for 1 child, two semesters	$326.78 FCFA188,485	$5,993.99 ISK764,894	+1734.3%
Average			+1014.6%

Equatorial Guinea vs. Iceland - Cost of childcare

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pay 2.6 times more for entertainment and sports

	Equatorial Guinea	Iceland
Domestic/local beer (1 pint)	$1.63 FCFA942	$9.19 ISK1,172	+462.3%
Cappuccino in mid-range area	$5.72 FCFA3,298	$4.65 ISK593	-18.7%
Pack of cigarettes Marlboro or similar	$4.52 FCFA2,606	$11.76 ISK1,500	+160.2%
Monthly membership at local gym	$49.02 FCFA28,273	$61.46 ISK7,843	+25.4%
Movie ticket to theater/cinema	$5.39 FCFA3,106	$14.35 ISK1,831	+166.4%
Average			+159.1%

Equatorial Guinea vs. Iceland - Cost of entertainment and sports

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pay 99.6% more for clothing

	Equatorial Guinea	Iceland
Regular jeans Levi's brand	$24.51 FCFA14,136	$111.23 ISK14,194	+353.8%
Regular dress from H&M or similar store	$102.12 FCFA58,901	$59.69 ISK7,617	-41.5%
Running shoes Nike or Adidas	$245.08 FCFA141,364	$148.00 ISK18,886	-39.6%
Men's business shoes (leather)	$81.69 FCFA47,121	$184.49 ISK23,543	+125.8%
Average			+99.6%

Equatorial Guinea vs. Iceland - 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: April 2025

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