Cost of living comparison

compared to

Ghana vs. Iceland Cost of Living Summary

Ghana is 67.2% cheaper than Iceland overall.

Restaurants: pay 76.2% less in Ghana
Groceries: pay 40.1% less in Ghana
Transportation: pay 66.3% less in Ghana
Housing: pay 66.5% less in Ghana
Childcare: pay 75.4% less in Ghana
Entertainment and Sports: pay 66.6% less in Ghana
Clothing: pay 79.3% less in Ghana

Expenses including clothing, restaurants, childcare, entertainment and sports, housing, and transportation are lower in Ghana.

Ghana vs. Iceland Cost Breakdown

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

Display currency: USD

pay 76.2% less for restaurants

	Iceland	Ghana
Basic meal with drink at inexpensive restaurant	$26.52 ISK3,394	$5.31 GHS59.97	-80.0%
Fast food combo meal McDonalds, or similar	$21.32 ISK2,728	$7.95 GHS89.77	-62.7%
Bottle of Coca-Cola (11 fl. oz)	$3.11 ISK398	$0.84 GHS9.52	-72.9%
Bottle of water (11 fl. oz)	$2.72 ISK348	$0.30 GHS3.36	-89.1%
Average			-76.2%

Iceland vs. Ghana - Cost of restaurants

Improve prices · Change currency (USD)

pay 40.1% less for groceries

	Iceland	Ghana
Bread 1 loaf	$3.80 ISK487	$1.65 GHS18.59	-56.7%
Local cheese (8 oz)	$9.44 ISK1,208	$3.77 GHS42.58	-60.1%
Milk (1 gallon)	$7.78 ISK996	$10.50 GHS118.63	+35.0%
Eggs 1 dozen	$6.71 ISK859	$2.31 GHS26.09	-65.6%
Boneless chicken breast (1 lb)	$11.22 ISK1,436	$1.96 GHS22.11	-82.6%
Apples (1 lb)	$1.50 ISK191	$1.12 GHS12.63	-25.2%
Bananas (1 lb)	$1.15 ISK147	$0.68 GHS7.63	-41.1%
Oranges (1 lb)	$1.41 ISK181	$0.68 GHS7.65	-52.1%
Tomatoes (1 lb)	$2.34 ISK300	$1.20 GHS13.57	-48.7%
Potatoes (1 lb)	$1.65 ISK211	$1.13 GHS12.81	-31.2%
Onions (1 lb)	$1.09 ISK140	$0.95 GHS10.74	-13.1%
Average			-40.1%

Iceland vs. Ghana - Cost of groceries

Improve prices · Change currency (USD)

pay 66.3% less for transportation

	Iceland	Ghana
Gasoline (1 gallon)	$9.65 ISK1,235	$4.21 GHS47.57	-56.4%
Monthly public transit pass	$79.56 ISK10,182	$31.37 GHS354.37	-60.6%
New Volkswagen Golf 1.4 (standard edition)	$49,144.25 ISK6,289,481	$8,000.00 GHS90,384.10	-83.7%
Taxi trip in downtown area (5 miles)	$25.55 ISK3,270	$9.04 GHS102.17	-64.6%
Average			-66.3%

Iceland vs. Ghana - Cost of transportation

Improve prices · Change currency (USD)

pay 66.5% less for housing

	Iceland	Ghana
Internet connection 50 mbps or faster, cable/dsl	$95.65 ISK12,241	$49.58 GHS560.14	-48.2%
1-Bedroom apartment in downtown area	$2,289.17 ISK292,968	$320.05 GHS3,615.88	-86.0%
1-Bedroom apartment outside city center	$1,830.04 ISK234,209	$117.55 GHS1,328.09	-93.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$65.15 ISK8,338	$40.36 GHS455.98	-38.1%
Average			-66.5%

Iceland vs. Ghana - Cost of housing

Improve prices · Change currency (USD)

pay 75.4% less for childcare

	Iceland	Ghana
Private preschool for 1 child, monthly	$334.67 ISK42,830	$108.94 GHS1,230.77	-67.4%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$5,083.57 GHS57,434.22	-83.4%
Average			-75.4%

Iceland vs. Ghana - Cost of childcare

Improve prices · Change currency (USD)

pay 66.6% less for entertainment and sports

	Iceland	Ghana
Domestic/local beer (1 pint)	$11.14 ISK1,426	$1.48 GHS16.74	-86.7%
Cappuccino in mid-range area	$5.62 ISK720	$2.66 GHS30.10	-52.6%
Pack of cigarettes Marlboro or similar	$13.90 ISK1,778	$1.40 GHS15.82	-89.9%
Monthly membership at local gym	$78.17 ISK10,004	$30.05 GHS339.47	-61.6%
Movie ticket to theater/cinema	$16.75 ISK2,144	$9.66 GHS109.10	-42.4%
Average			-66.6%

Iceland vs. Ghana - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 79.3% less for clothing

	Iceland	Ghana
Regular jeans Levi's brand	$130.91 ISK16,753	$16.64 GHS188.04	-87.3%
Regular dress from H&M or similar store	$61.83 ISK7,913	$19.33 GHS218.34	-68.7%
Running shoes Nike or Adidas	$163.81 ISK20,965	$33.23 GHS375.44	-79.7%
Men's business shoes (leather)	$237.31 ISK30,371	$44.14 GHS498.65	-81.4%
Average			-79.3%

Iceland vs. Ghana - 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: December 2025

More cost comparisons

Iceland vs.

Thailand

Iceland vs.

Germany

Iceland vs.

Italy

Iceland vs.

Russia

Iceland vs.

China

Iceland vs.

Egypt

Iceland vs.

United States

Iceland vs.

France

Share this

Compare by city

For example, try comparing the cost of living in Reykjavik vs. Accra

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 Iceland

Add prices for Ghana

ASK THE ELSEWHERE COMMUNITY

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