Ghana vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Ghana Iceland
🚶 Cost of living one person
$650
$3200
👨‍👩‍👧‍👦 Cost of living Family
$1627
$6660
🏠 One person rent
$225
$1957
🏘️ Family rent
$365
$2883
🍽️ Food expenses
$278
$907
🚐 Transport expenses
$91.4
$97.3
💳 Monthly salary after tax
$176
$4630
💸 GDP per capita
$2391
$86041
😃 Human freedom index
7.05
8.76
❤️ Life expectancy
65.5
82.6
👮 Corruption perceptions index
43
77
🌐 English speaking %
66.7%
98%
🎓 Higher education
68
81
😀 Quality of life
42
94
🏙️ Population
34.4M
387K

The average cost of living in Ghana ($650) is 80% less expensive than in Iceland ($3200). Ghana ranked 161st vs 4th for Iceland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.3 months in Ghana compared to 1.4 months in Iceland. Ranked 126th and 11th best countries to live in the world.

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the estimated difference in money purchasing power

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Prices in Ghana vs Iceland

We calculate prices for Ghana and Iceland as a population-weighted mean of 10 and 5 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Ghana Iceland
Eating Out
🍱 Lunch Menu
$4.68
$27.8
🥂 Dinner in a Restaurant, for 2
$38.1
$103
🥪 Fast food meal, equiv. McDonald's
$7.5
$20.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.05
$11.6
 Cappuccino
$2.09
$5.87
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.79
$3.21
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$206
$2048
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$139
$1758
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$609
$3226
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$432
$2583
🔌 Utility Bill one person, electricity, heating, water, etc.
$32.2
$55
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$49.4
$84.8
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$41.4
$87.6
🏦 Mortgage Interest Rate for 20 Years
27%
8.83%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$5718
$7289
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$3345
$6333
Transportation
🚌 Local transport ticket
$0.82
$5.04
🎟️ Monthly ticket local transport
$28.3
$83
🚕 Taxi Ride, 8 km or 5 mi
$10.4
$29
 Gas / Petrol, 1 L or 0.26 gal
$0.96
$2.51
Groceries
🥛 Milk, 1 L or 1 qt
$2.32
$2
🍞 Bread, 0.5 kg or 1.1 lb
$1.37
$4.25
🍚 Rice, 1 kg or 2.2 lb
$2.13
$3.42
🥚 Eggs, x12
$2.24
$6.9
🧀 Cheese, 1 kg or 2.2 lb
$7.9
$19.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$4.84
$25.7
🥩 Round Steak, 1 kg or 2.2 lb
$5.58
$44.8
🍏 Apples, 1 kg or 2.2 lb
$2.26
$3.4
🍌 Banana, 1 kg or 2.2 lb
$1.11
$2.65
🍊 Oranges, 1 kg or 2.2 lb
$1.2
$3.28
🍅 Tomato, 1 kg or 2.2 lb
$2.27
$5.58
🥔 Potato, 1 kg or 2.2 lb
$2.3
$3.46
🧅 Onion, 1 kg or 2.2 lb
$1.74
$2.09
🌊 Water, 1 L or 1 qt
$0.36
$1.26
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.78
$3.02
🍾 Wine (mid-priced), 750 mL bottle
$4.38
$23.3
🍺 Beer, 0.5 L or 16 fl oz
$1.24
$3.95
🚬 Cigarette pack
$1.55
$14
💊 Cold medicince, 1 week
$5.65
$12.7
🧴 Hair Shampoo
$2.18
$5.91
🧻 Toilet paper, 4 rolls
$0.99
$5.24
👄 Toothpaste, 1 tube
$0.79
$3.64
Other
🏋️ Gym Membership, 1 month
$27.9
$88.2
🎫 Cinema Ticket, 1 person
$8.96
$17.9
👩‍⚕️ Doctor's visit
$27.1
$93.5
💇 Haircut, simple
$4.21
$46.2
👖 Brand Jeans
$15.4
$139
👟 Brand Sneakers
$32.9
$169
👶 Daycare or Preschool, 1 month
$88.8
$406
🏫 International Primary School, 1 year
$7241
$30488

Cost of living in other countries

Cost of living

Cities Comparison in Ghana vs Iceland

More countries to compare

Cost of Living in Popular cities

In Ghana

City Cost of living Population
Kumasi
$562
3.9M
Accra
$861
1.78M
Tamale
$612
730K
Sekondi-Takoradi
$684
540K
Ashaiman
$654
208K
Obuasi
$664
180K
Koforidua
$703
127K
Tema
$607
162K
Ho
$454
126K
Hohoe
$683
56.2K

In Iceland

City Cost of living Population
Reykjavik
$3322
139K
Kopavogur
$3219
40K
Hafnarfjorur
$3212
31.5K
Akureyri
$2974
20.1K
Keflavik
$2621
23.3K