Cost of living
Ghana compared to Iceland
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Overview comparison
GhanaIceland
Consumer prices in Iceland are roughly 60% higher than in Ghana.
Cost of living
| Item | Ghana | Iceland |
|---|
| Total with rent one person | 596 | 2,964 |
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| Total with rent family | 1,608 | 4,846 |
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| Without rent one person | 323 | 959 |
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| Without rent one family | 1,400 | 2,730 |
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| Rent & Utilities person | 217.4 | 1,597.82 |
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| Rent & Utilities family | 594.55 | 2,046.76 |
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| Food person | 229 | 870 |
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| Food family | 655 | 2,184 |
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| Transport person | 85.09 | 77.85 |
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| Transport family | 225.74 | 222.83 |
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| Life expectancy | 51.67 years | 80.74 years |
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Eating Out
| Item | Ghana | Iceland |
|---|
| Lunch Menu | 3.38 | 17.65 |
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| Dinner in a Restaurant, for 2 | 42.45 | 129.25 |
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| Fast food meal, equiv. McDonald's | 5.94 | 18.5 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 0.94 | 12.12 |
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| Cappuccino | 2.32 | 4.5 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 0.69 | 3.66 |
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Rent & Utilities
| Item | Ghana | Iceland |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 292.21 | 1,800.05 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 79.79 | 1,312.55 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,269.52 | 2,314.52 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 277.67 | 2,843.64 |
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| Utility Bill one person, electricity, heating, water, etc. | 32.5 | 44.71 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 42.81 | 67.33 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 36.21 | 76.76 |
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Transportation
| Item | Ghana | Iceland |
|---|
| Local transport ticket | 28.78 | 7.78 |
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| Monthly ticket local transport | 1,747 | 4,980 |
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| Taxi Ride, 8 km or 5 mi | 785 | 4,162 |
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| Gas / Petrol, 1 L or 0.26 gal | 0.94 | 5.47 |
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| Mortgage Interest Rate for 20 Years | 28.22% | 72.85% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 9.98 | 22.8 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 0.95 | 2.33 |
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Groceries
| Item | Ghana | Iceland |
|---|
| Milk, 1 L or 1 qt | 2.38 | 1.83 |
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| Bread, 0.5 kg or 1.1 lb | 1.16 | 3.36 |
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| Eggs, x12 | 2.11 | 6.58 |
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| Cheese, 1 kg or 2.2 lb | 6.06 | 14.12 |
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| Chicken Breast, 1 kg or 2.2 lb | 5.06 | 15.81 |
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| Round Steak, 1 kg or 2.2 lb | 5.19 | 40.5 |
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| Banana, 1 kg or 2.2 lb | 1.32 | 2.45 |
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| Water, 1 L or 1 qt | 0.29 | 1.36 |
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Other
| Item | Ghana | Iceland |
|---|
| Gym Membership, 1 month | 32.01 | 76.37 |
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| Cinema Ticket, 1 person | 9.25 | 16.72 |
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| Doctors visit | 30.7 | 93.82 |
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| Haircut, simple | 2.37 | 51.01 |
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| Brand Jeans | 14.35 | 119.07 |
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| Brand Sneakers | 29.11 | 169.8 |
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| Daycare or Preschool, 1 month | 61.03 | 220.27 |
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| International Primary School, 1 year | 6,576 | 6,414 |
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