Cost of living comparison
Iceland is 4.7 times more expensive than Ghana.
If you lived in Iceland instead of Ghana, you would:
pay 5.8 times more for restaurants
Ghana
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$3.39
GHS45.45
|
$17.84
kr2,506
|
|
Fast food combo meal
McDonalds, or similar
|
$5.85
GHS78.51
|
$14.27
kr2,005
|
|
Bottle of Coca-Cola (11 fl. oz) |
$0.51
GHS6.87
|
$2.32
kr326
|
|
Bottle of water (11 fl. oz) |
$0.20
GHS2.63
|
$2.12
kr298
|
|
pay 2.1 times more for groceries
Ghana
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.07
GHS14.41
|
$3.42
kr481
|
|
Local cheese (8 oz) |
$3.60
GHS48.27
|
$5.98
kr841
|
|
Milk (1 gallon) |
$6.56
GHS87.97
|
$5.33
kr748
|
|
Eggs
1 dozen
|
$1.39
GHS18.59
|
$5.66
kr795
|
|
Boneless chicken breast (1 lb) |
$1.51
GHS20.32
|
$7.09
kr997
|
|
Apples (1 lb) |
$0.91
GHS12.19
|
$1.16
kr163
|
|
Bananas (1 lb) |
$0.59
GHS7.93
|
$0.98
kr138
|
|
Oranges (1 lb) |
$0.63
GHS8.52
|
$1.17
kr165
|
|
Tomatoes (1 lb) |
$0.79
GHS10.55
|
$1.84
kr258
|
|
Potatoes (1 lb) |
$0.83
GHS11.16
|
$0.96
kr134
|
|
Onions (1 lb) |
$0.71
GHS9.51
|
$0.51
kr72
|
|
pay 4.2 times more for transportation
Ghana
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$3.48
GHS46.73
|
$8.03
kr1,129
|
|
Monthly public transit pass |
$13.79
GHS185.00
|
$77.40
kr10,876
|
|
New Volkswagen Golf 1.4 (standard edition) |
$5,681.67
GHS76,234.76
|
$29,836.83
kr4,192,672
|
|
Taxi trip in downtown area (5 miles) |
$6.37
GHS85.53
|
$23.97
kr3,368
|
|
pay 5.4 times more for housing
Ghana
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$44.96
GHS603.26
|
$62.40
kr8,769
|
|
1-Bedroom apartment in downtown area |
$532.41
GHS7,143.72
|
$1,437.14
kr201,947
|
|
1-Bedroom apartment outside city center |
$81.19
GHS1,089.34
|
$1,215.63
kr170,820
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$27.28
GHS366.00
|
$68.63
kr9,644
|
|
pay 2.5 times more for childcare
Ghana
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$57.14
GHS766.71
|
$259.34
kr36,443
|
|
Middle school for 1 child, two semesters |
$5,592.22
GHS75,034.57
|
$2,750.10
kr386,444
|
|
pay 5.9 times more for entertainment and sports
Ghana
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$0.69
GHS9.30
|
$8.52
kr1,198
|
|
Cappuccino in mid-range area |
$1.14
GHS15.35
|
$4.15
kr584
|
|
Pack of cigarettes
Marlboro or similar
|
$1.20
GHS16.11
|
$10.64
kr1,494
|
|
Monthly membership at local gym |
$30.68
GHS411.65
|
$56.90
kr7,996
|
|
Movie ticket to theater/cinema |
$4.16
GHS55.78
|
$12.27
kr1,725
|
|
pay 7.0 times more for clothing
Ghana
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$10.55
GHS141.58
|
$118.08
kr16,592
|
|
Regular dress
from H&M or similar store
|
$9.90
GHS132.87
|
$50.39
kr7,081
|
|
Running shoes
Nike or Adidas
|
$27.96
GHS375.18
|
$151.12
kr21,235
|
|
Men's business shoes (leather) |
$27.10
GHS363.61
|
$175.20
kr24,619
|
|
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