Accra vs Reykjavik - Cost of Living Comparison

Updated: March 02, 2025

	Accra	Reykjavik
🚶 Cost of living one person	$729	$2938
👨‍👩‍👧‍👦 Cost of living Family	$1968	$5875
🏠 One person rent	$260	$1801
🏘️ Family rent	$593	$2674
🍽️ Food expenses	$304	$827
🚐 Transport expenses	$104	$90.1
💳 Monthly salary after tax	$181	$3761
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	2 km	4 km
🎓 Higher education	50	53
😀 Quality of life	52	89
🏙️ Population	1.78M	140K

The cost of living in Accra is 75% less expensive than in Reykjavik. Cities ranked 6763rd and 200th ($729 vs $2938) in the list of the most expensive cities in the world and ranked 1st and 1st in Ghana and Iceland, respectively. Check Ghana vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 0.2 months in Accra compared to 1.3 months in Reykjavik. Accra ranked 1st best city to live in Ghana vs Reykjavik ranked 1st in Iceland, while ranked 6085th and 194th among best cities to live in the world.

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Cost of living in Accra vs Reykjavik infographic

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<img src="https://livingcost.org/assets/photo/cost/accra/reykjavik.jpg" alt="Cost of living in Accra vs Reykjavik infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/accra/reykjavik" target="_blank">Accra vs Reykjavik - Cost of Living Comparison</a></p>

Prices in Accra vs Reykjavik

Prices for goods and services in Accra and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Accra	Reykjavik
Eating Out
🍱 Lunch Menu	$4.36	$21.5
🥂 Dinner in a Restaurant, for 2	$45.2	$137
🥪 Fast food meal, equiv. McDonald's	$7.68	$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$1.53	$10.8
☕ Cappuccino	$2.91	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$0.91	$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$522	$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$105	$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1168	$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$337	$2456
🔌 Utility Bill one person, electricity, heating, water, etc.	$33	$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$50.8	$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$38.7	$71.4
🏦 Mortgage Interest Rate for 20 Years	24.18%	9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$4043	$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$2481	$5599
Transportation
🚌 Local transport ticket	$1	$4.52
🎟️ Monthly ticket local transport	$32	$75.8
🚕 Taxi Ride, 8 km or 5 mi	$11.2	$26.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.1	$2.23
Groceries
🥛 Milk, 1 L or 1 qt	$2.93	$1.66
🍞 Bread, 0.5 kg or 1.1 lb	$1.42	$3.74
🍚 Rice, 1 kg or 2.2 lb	$2.38	$3.24
🥚 Eggs, x12	$2.2	$5.94
🧀 Cheese, 1 kg or 2.2 lb	$7.68	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$4.47	$20.9
🥩 Round Steak, 1 kg or 2.2 lb	$5.07	$37
🍏 Apples, 1 kg or 2.2 lb	$2.75	$2.94
🍌 Banana, 1 kg or 2.2 lb	$1.31	$2.25
🍊 Oranges, 1 kg or 2.2 lb	$1.68	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$3.03	$4.73
🥔 Potato, 1 kg or 2.2 lb	$3.06	$3.26
🧅 Onion, 1 kg or 2.2 lb	$2.31	$2.11
🌊 Water, 1 L or 1 qt	$0.34	$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.47	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$5.51	$21.6
🍺 Beer, 0.5 L or 16 fl oz	$1.18	$3.26
🚬 Cigarette pack	$1.59	$12.3
💊 Cold medicince, 1 week	$3.87	$10.4
🧴 Hair Shampoo	$2.21	$5.23
🧻 Toilet paper, 4 rolls	$1.41	$4.55
👄 Toothpaste, 1 tube	$1.01	$3.2
Other
🏋️ Gym Membership, 1 month	$37.4	$73.2
🎫 Cinema Ticket, 1 person	$9.34	$15.9
👩‍⚕️ Doctor's visit	$37.8	$82.2
💇 Haircut, simple	$2.33	$45.6
👖 Brand Jeans	$13.5	$128
👟 Brand Sneakers	$28.9	$162
👶 Daycare or Preschool, 1 month	$63.5	$279
🏫 International Primary School, 1 year	$7683	$2532

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Accra

Distance	City	Cost of living
20 km or 12 mi	Ashaiman	$560
20 km or 12 mi	Tema	$553
56 km or 35 mi	Koforidua	$588
134 km or 83 mi	Ho	$354
167 km or 104 mi	Lome	$755
171 km or 106 mi	Kpalime	$632
178 km or 111 mi	Obuasi	$551
187 km or 116 mi	Hohoe	$575
191 km or 119 mi	Sekondi-Takoradi	$577
198 km or 123 mi	Kumasi	$433
258 km or 161 mi	Atakpame	$647
298 km or 185 mi	Abomey	$590
300 km or 187 mi	Cotonou	$709
325 km or 202 mi	Porto-Novo	$670
354 km or 220 mi	Sotouboua	$649
387 km or 240 mi	Abengourou	$889
395 km or 246 mi	Grand-Bassam	$881
400 km or 249 mi	Save	$613
403 km or 250 mi	Sokode	$651
408 km or 253 mi	Lagos	$1113
426 km or 265 mi	Abidjan	$1022
427 km or 265 mi	Abeokuta	$1030
429 km or 267 mi	Tamale	$507
447 km or 278 mi	Agboville	$882
464 km or 288 mi	Kara	$658
465 km or 289 mi	Dabou	$882
495 km or 308 mi	Ibadan	$776
518 km or 322 mi	Oyo	$677
565 km or 351 mi	Ife	$779
573 km or 356 mi	Divo	$906
577 km or 359 mi	Osogbo	$695
579 km or 359 mi	Yamoussoukro	$887
583 km or 362 mi	Bouake	$937
614 km or 381 mi	Ilorin	$535
622 km or 387 mi	Akure	$634
637 km or 396 mi	Ado Ekiti	$666
638 km or 397 mi	Gagnoa	$904
646 km or 402 mi	Leo	$753
646 km or 402 mi	Benin	$558
657 km or 408 mi	Warri	$881

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2802
9.8 km or 6.1 mi	Hafnarfjorur	$2817
38 km or 24 mi	Keflavik	$2355
247 km or 153 mi	Akureyri	$2678
795 km or 494 mi	Torshavn	$1828
1204 km or 748 mi	Inverness	$1722
1230 km or 764 mi	Elgin	$1393
1300 km or 808 mi	Derry	$1390
1309 km or 813 mi	Greenock	$1601
1321 km or 821 mi	Aberdeen	$1614
1325 km or 823 mi	Perth	$1500
1328 km or 825 mi	Stirling	$1604
1331 km or 827 mi	Paisley	$1765
1333 km or 828 mi	Alloa	$1649
1337 km or 831 mi	Glasgow	$2011
1339 km or 832 mi	Dundee	$1482
1340 km or 833 mi	Omagh	$1562
1341 km or 833 mi	Cumbernauld	$1475
1342 km or 834 mi	Irvine	$1551
1348 km or 838 mi	East Kilbride	$1763
1349 km or 838 mi	Kilmarnock	$1480
1351 km or 839 mi	Dunfermline	$1692
1353 km or 841 mi	Hamilton	$1699
1357 km or 843 mi	Ayr	$1404
1360 km or 845 mi	Kirkcaldy	$1610
1365 km or 848 mi	Livingston	$1608
1372 km or 852 mi	Edinburgh	$2140
1382 km or 859 mi	Newtownabbey	$1692
1387 km or 862 mi	Belfast	$1755
1390 km or 864 mi	Bangor	$1382
1391 km or 864 mi	Lisburn	$1713
1401 km or 871 mi	Alesund	$1603
1413 km or 878 mi	Galway	$2297
1425 km or 886 mi	Dundalk	$1767
1431 km or 889 mi	Dumfries	$1246
1433 km or 891 mi	Nuuk	$2031
1441 km or 895 mi	Molde	$1813
1454 km or 903 mi	Kristiansund	$1700
1455 km or 904 mi	Drogheda	$2628
1455 km or 904 mi	Bergen	$2006