Published: Monday, 21th October 2024
The cost of living in Iceland is 4.25 times more expensive as compared to Burkina Faso.
On this page, you will find side-by-side cost comparison between Iceland and Burkina Faso. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Iceland and Burkina Faso.
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 Indicators  | Iceland  | Burkina Faso  |
|---|---|---|
1 BHK Apartment in City Center  | 200,000 ISK (1,420 USD) | 100,000 XOF (160 USD) |
2 BHK Apartment in City Center  | 300,000 ISK (2,130 USD) | 150,000 XOF (240 USD) |
3 BHK Apartment in City Center  | 400,000 ISK (2,840 USD) | 250,000 XOF (400 USD) |
1 BHK Apartment outside City Center  | 150,000 ISK (1,065 USD) | 50,000 XOF (80 USD) |
2 BHK Apartment outside City Center  | 200,000 ISK (1,420 USD) | 80,000 XOF (128 USD) |
3 BHK Apartment outside City Center  | 300,000 ISK (2,130 USD) | 130,000 XOF (208 USD) |
Mortgage Rates Per Month  | 4 % | 6 % |
Realtor Commission  | 2 % | 3 % |
Property Taxes  | 0.2 to 1.65 % | Yet to Update |
The average housing cost in Iceland is 8.85 times more expensive than Burkina Faso.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Basic Home Furnishing  | 300,000 ISK (2,130 USD) | 300,000 XOF (480 USD) |
Electricity Cost Per Month  | 20,000 ISK (142 USD) | 15,000 XOF (24 USD) |
Heating Cost Per Month  | 25,000 ISK (177.50 USD) | 10,000 XOF (16 USD) |
Cooling Cost Per Month  | 10,000 ISK (71 USD) | 5,000 XOF (8 USD) |
Water Supply Cost Per Month  | 5,000 ISK (35.50 USD) | 10,000 XOF (16 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 369.85% more for Utilities.
The basic home furnishing in Iceland costs 4.44 times more compared to Burkina Faso.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Standard Wifi Cost Per Month  | 10,000 ISK (71 USD) | 20,000 XOF (32 USD) |
Mobile Phone Basic Plan Cost Per Month  | 5,000 ISK (35.50 USD) | 5,000 XOF (8 USD) |
Landline Basic Plan Cost Per Month  | 3,000 ISK (21.30 USD) | 8,000 XOF (12.80 USD) |
Cable TV Basic Plan Cost Per Month  | 8,000 ISK (56.80 USD) | 15,000 XOF (24 USD) |
The internet and communication costs 140.36% more in Iceland compared to Burkina Faso.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Long Grain Rice (1 KG)  | 500 ISK (3.55 USD) | 1,500 XOF (2.40 USD) |
Milk (1 Liter)  | 250 ISK (1.78 USD) | 800 XOF (1.28 USD) |
Water (1 Liter)  | 50 ISK (0.36 USD) | 300 XOF (0.48 USD) |
Bread (500 gm)  | 150 ISK (1.07 USD) | 400 XOF (0.64 USD) |
Eggs (1 Dozen)  | 500 ISK (3.55 USD) | 1,200 XOF (1.92 USD) |
Cheese (1 KG)  | 1,200 ISK (8.52 USD) | 2,500 XOF (4 USD) |
Chicken Breast (1 KG)  | 1,000 ISK (7.10 USD) | 2,000 XOF (3.20 USD) |
In Iceland, the cost of 1 Liter Water and 1 Liter Milk is 1.21 times more expensive than the cost in Burkina Faso.
If you lived in Iceland, instead of Burkina Faso, you would have to pay 86.17% more for Groceries.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Apples (1 KG)  | 800 ISK (5.68 USD) | 1,000 XOF (1.60 USD) |
Bananas (1 KG)  | 600 ISK (4.26 USD) | 600 XOF (0.96 USD) |
Oranges (1 KG)  | 700 ISK (4.97 USD) | 800 XOF (1.28 USD) |
Tomatoes (1 KG)  | 500 ISK (3.55 USD) | 700 XOF (1.12 USD) |
Potatoes (1 KG)  | 400 ISK (2.84 USD) | 500 XOF (0.80 USD) |
Lemons (1 KG)  | 700 ISK (4.97 USD) | 1,200 XOF (1.92 USD) |
Onions (1 KG)  | 600 ISK (4.26 USD) | 700 XOF (1.12 USD) |
Lentils (1 KG)  | 600 ISK (4.26 USD) | 1,800 XOF (2.88 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 2.98 times more for Fruits and Vegetables.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Meal at a Resonable Restaurant  | 3,500 ISK (24.85 USD) | 3,500 XOF (5.60 USD) |
Three-Course Meal for Two  | 8,000 ISK (56.80 USD) | 8,000 XOF (12.80 USD) |
Fast Food Combo Meal  | 1,500 ISK (10.65 USD) | 1,500 XOF (2.40 USD) |
Normal Coffee  | 500 ISK (3.55 USD) | 300 XOF (0.48 USD) |
Soft Drink  | 300 ISK (2.13 USD) | 200 XOF (0.32 USD) |
Pizza for One  | 2,500 ISK (17.75 USD) | 2,500 XOF (4 USD) |
Take-Out Delivery Meal  | 3,000 ISK (21.30 USD) | 3,000 XOF (4.80 USD) |
Cigarette Pack of 20  | 1,500 ISK (10.65 USD) | 800 XOF (1.28 USD) |
Dining-Out costs 366.16% more in Iceland compared to Burkina Faso.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Wine Mid-Range Bottle  | 2,000 ISK (14.20 USD) | 4,000 XOF (6.40 USD) |
Glass of Wine  | 1,200 ISK (8.52 USD) | 1,000 XOF (1.60 USD) |
Domestic Beer Half Liter  | 600 ISK (4.26 USD) | 500 XOF (0.80 USD) |
Imported Beer Half Liter  | 800 ISK (5.68 USD) | 700 XOF (1.12 USD) |
Domestic Alcohol 1 Liter  | 3,000 ISK (21.30 USD) | 2,000 XOF (3.20 USD) |
Branded Alcohol 1 Liter  | 4,000 ISK (28.40 USD) | 3,000 XOF (4.80 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 4.60 times more for usual hard drinks.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Monthly Public Transportation Pass  | 15,000 ISK (106.50 USD) | 10,000 XOF (16 USD) |
Single Public Transportation Ticket  | 400 ISK (2.84 USD) | 200 XOF (0.32 USD) |
Single Train Ticket  | Yet to Update () | 3,000 XOF (4.80 USD) |
Domestic Airplane Ticket  | 30,000 ISK (213 USD) | 50,000 XOF (80 USD) |
Taxi Start Fare  | 800 ISK (5.68 USD) | 500 XOF (0.80 USD) |
Taxi Rate Per Kilometer  | 200 ISK (1.42 USD) | 300 XOF (0.48 USD) |
Car Rental Per Day  | 10,000 ISK (71 USD) | 15,000 XOF (24 USD) |
Parking Fees in City Center Per Hour  | 500 ISK (3.55 USD) | 500 XOF (0.80 USD) |
Parking Fees outside City Center Per Hour  | 300 ISK (2.13 USD) | 200 XOF (0.32 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 3.18 times more for transportation.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Reasonable Vehicle Purchase Cost  | 4,000,000 ISK (28,400 USD) | 5,000,000 XOF (8,000 USD) |
Vehicle Registration Cost  | 15,000 ISK (106.50 USD) | 25,000 XOF (40 USD) |
Driving License Fees  | 5,000 ISK (35.50 USD) | 20,000 XOF (32 USD) |
Car Insurance Cost  | 40,000 ISK (284 USD) | 100,000 XOF (160 USD) |
Car Maintenance Cost  | 15,000 ISK (106.50 USD) | 50,000 XOF (80 USD) |
Car Loan Interest Rates  | 5 % | 8 % |
Fuel Per Liter  | 250 ISK (1.78 USD) | 750 XOF (1.20 USD) |
Fuel Per Gallon  | 1,200 ISK (8.52 USD) | 2,800 XOF (4.48 USD) |
Average Toll Fees  | 1,000 ISK 7.10 USD | Yet to Update |
You would have to pay 3.48 times more for Vehicle purchase, daily operation and maintenance in Iceland compared to that of Burkina Faso.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Doctor Visit  | 5,000 ISK (35.50 USD) | 5,000 XOF (8 USD) |
Specialist Visit  | 10,000 ISK (71 USD) | 10,000 XOF (16 USD) |
Dentist Visit  | 8,000 ISK (56.80 USD) | 8,000 XOF (12.80 USD) |
Eye Exam  | 3,000 ISK (21.30 USD) | 4,000 XOF (6.40 USD) |
Mental Health Counseling  | 8,000 ISK (56.80 USD) | 8,000 XOF (12.80 USD) |
Preventive Health Screening  | 4,000 ISK (28.40 USD) | 5,000 XOF (8 USD) |
Physical Therapy  | 6,000 ISK (42.60 USD) | 5,000 XOF (8 USD) |
Emergency Room Visit  | 15,000 ISK (106.50 USD) | 10,000 XOF (16 USD) |
Hospital Stay Per Night  | 25,000 ISK (177.50 USD) | 15,000 XOF (24 USD) |
Vaccinations  | 2,500 ISK (17.75 USD) | 2,000 XOF (3.20 USD) |
Prescription Medication  | 1,500 ISK (10.65 USD) | 2,000 XOF (3.20 USD) |
Over the Counter Medication  | 800 ISK (5.68 USD) | 1,000 XOF (1.60 USD) |
Health Insurance Premiums  | 20,000 ISK (142 USD) | 20,000 XOF (32 USD) |
Health Insurance Deductibles  | 5,000 ISK (35.50 USD) | 10,000 XOF (16 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 4.81 times more for Health and Medical Treatment.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Cosmetic Procedures  | 30,000 ISK (213 USD) | 15,000 XOF (24 USD) |
Spa Treatment  | 10,000 ISK (71 USD) | 10,000 XOF (16 USD) |
Manicure Pedicure Cost  | 3,000 ISK (21.30 USD) | 3,000 XOF (4.80 USD) |
Optical Glasses Cost  | 10,000 ISK (71 USD) | 8,000 XOF (12.80 USD) |
Contact Lenses Cost  | 5,000 ISK (35.50 USD) | 5,000 XOF (8 USD) |
Haircuts  | 2,000 ISK (14.20 USD) | 1,000 XOF (1.60 USD) |
Hair Coloring  | 6,000 ISK (42.60 USD) | 3,000 XOF (4.80 USD) |
Shampoo Price  | 500 ISK (3.55 USD) | 500 XOF (0.80 USD) |
Toothpaste Price  | 200 ISK (1.42 USD) | 300 XOF (0.48 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 6.46 times more for Personal Care Items and Treatment.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Pair of Nike Running Shoes  | 15,000 ISK (106.50 USD) | 25,000 XOF (40 USD) |
Men's Shirt  | 5,000 ISK (35.50 USD) | 5,000 XOF (8 USD) |
Women's Dress  | 10,000 ISK (71 USD) | 10,000 XOF (16 USD) |
Summer Dress  | 5,000 ISK (35.50 USD) | 6,000 XOF (9.60 USD) |
Men's Suit  | 40,000 ISK (284 USD) | 50,000 XOF (80 USD) |
Men's Jeans  | 7,000 ISK (49.70 USD) | 8,000 XOF (12.80 USD) |
Women's Jeans  | 6,000 ISK (42.60 USD) | 7,000 XOF (11.20 USD) |
Men's Formal Shoes  | 7,000 ISK (49.70 USD) | 15,000 XOF (24 USD) |
Women's Formal Shoes  | 7,000 ISK (49.70 USD) | 12,000 XOF (19.20 USD) |
Men's Casual Shoes  | 5,000 ISK (35.50 USD) | 10,000 XOF (16 USD) |
Women's Casual Shoes  | 4,000 ISK (28.40 USD) | 8,000 XOF (12.80 USD) |
Underwear For Men  | 1,000 ISK (7.10 USD) | 1,500 XOF (2.40 USD) |
Underwear For Women  | 1,200 ISK (8.52 USD) | 1,500 XOF (2.40 USD) |
Socks For Men  | 300 ISK (2.13 USD) | 500 XOF (0.80 USD) |
Socks For Women  | 400 ISK (2.84 USD) | 500 XOF (0.80 USD) |
Wintercoat for Adults  | 8,000 ISK (56.80 USD) | 15,000 XOF (24 USD) |
Sportswear  | 6,000 ISK (42.60 USD) | 10,000 XOF (16 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 3.07 times more for Clothing and Footwear for Adults.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Children's Jeans  | 3,500 ISK (24.85 USD) | 4,000 XOF (6.40 USD) |
Children's Normal Sneakers  | 4,000 ISK (28.40 USD) | 5,000 XOF (8 USD) |
Children's Winter Coat  | 6,000 ISK (42.60 USD) | 6,000 XOF (9.60 USD) |
Daycare for Infant  | 25,000 ISK (177.50 USD) | 50,000 XOF (80 USD) |
Daycare for Toddler  | 20,000 ISK (142 USD) | 40,000 XOF (64 USD) |
Childcare for Sick Days  | 1,500 ISK (10.65 USD) | 5,000 XOF (8 USD) |
Early Childhood Education Programs  | 6,000 ISK (42.60 USD) | 30,000 XOF (48 USD) |
Extra Curricular Activities  | 3,000 ISK (21.30 USD) | 10,000 XOF (16 USD) |
Summer Camp for Kids  | 8,000 ISK (56.80 USD) | 20,000 XOF (32 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 2.01 times more for Childcare and kids clothing.
Indicators | Iceland | Burkina Faso |
|---|---|---|
PreSchool Fees  | 30,000 ISK (213 USD) | 30,000 XOF (48 USD) |
Primary School Fees  | 40,000 ISK (284 USD) | 60,000 XOF (96 USD) |
Secondary School Fees  | 60,000 ISK (426 USD) | 80,000 XOF (128 USD) |
Private School Fees  | 80,000 ISK (568 USD) | 150,000 XOF (240 USD) |
University Tuition Fees  | 150,000 ISK (1,065 USD) | 300,000 XOF (480 USD) |
University Private Tuition Fees  | 200,000 ISK (1,420 USD) | 500,000 XOF (800 USD) |
After School Activities  | 5,000 ISK (35.50 USD) | 10,000 XOF (16 USD) |
Special Education Services  | 7,000 ISK (49.70 USD) | 20,000 XOF (32 USD) |
Tutoring  | 5,000 ISK (35.50 USD) | 15,000 XOF (24 USD) |
Textbooks Cost  | 4,000 ISK (28.40 USD) | 5,000 XOF (8 USD) |
School Supplies  | 2,000 ISK (14.20 USD) | 3,000 XOF (4.80 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 2.21 times more for school and education.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Movie Ticket (Single)  | 1,000 ISK (7.10 USD) | 1,500 XOF (2.40 USD) |
Theater Ticket (Single)  | 2,000 ISK (14.20 USD) | 3,000 XOF (4.80 USD) |
Concert Ticket (Single)  | 2,500 ISK (17.75 USD) | 5,000 XOF (8 USD) |
Sports Event Ticket (Single)  | 1,500 ISK (10.65 USD) | 4,000 XOF (6.40 USD) |
Gym Membership  | 6,000 ISK (42.60 USD) | 5,000 XOF (8 USD) |
Swimming Pool Access  | 5,000 ISK (35.50 USD) | 4,000 XOF (6.40 USD) |
Museum Entry Ticket  | 1,000 ISK (7.10 USD) | 1,000 XOF (1.60 USD) |
Zoo Entry Ticket  | 1,500 ISK (10.65 USD) | 1,500 XOF (2.40 USD) |
Amusement Park Entry Ticket  | 2,000 ISK (14.20 USD) | 3,000 XOF (4.80 USD) |
Bowling  | 1,000 ISK (7.10 USD) | 2,000 XOF (3.20 USD) |
Mini Golf  | 1,500 ISK (10.65 USD) | 1,500 XOF (2.40 USD) |
Video Games  | 5,000 ISK (35.50 USD) | 8,000 XOF (12.80 USD) |
Streaming Services  | 1,000 ISK (7.10 USD) | 5,000 XOF (8 USD) |
Outdoor Equipment Rental  | 1,000 ISK (7.10 USD) | 2,000 XOF (3.20 USD) |
Theme Park Annual Pass  | 50,000 ISK (355 USD) | 20,000 XOF (32 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 5.47 times more for entertainment, recreation and fun activities.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Language Classes  | 5,000 ISK (35.50 USD) | 15,000 XOF (24 USD) |
Parenting Classes  | 5,000 ISK (35.50 USD) | 10,000 XOF (16 USD) |
Art Classes  | 3,000 ISK (21.30 USD) | 2,500 XOF (4 USD) |
Fitness Classes  | 6,000 ISK (42.60 USD) | 2,000 XOF (3.20 USD) |
Music Lessons  | 4,000 ISK (28.40 USD) | 3,000 XOF (4.80 USD) |
Dance Lessons  | 4,000 ISK (28.40 USD) | 3,000 XOF (4.80 USD) |
Reading Materials for Classes  | 1,000 ISK (7.10 USD) | 1,500 XOF (2.40 USD) |
Educational Software  | 3,000 ISK (21.30 USD) | 10,000 XOF (16 USD) |
If you lived in Iceland, instead of Burkina Faso, you would have to pay 2.93 times more for Private Classes.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Average Gross Monthly Salary  | 450,000 ISK (3,195 USD) | 150,000 XOF (240 USD) |
Average Net Monthly Salary  | 350,000 ISK (2,485 USD) | 120,000 XOF (192 USD) |
Minimum Wages  | 6,666.67 ISK per hour (47.33 USD) | 2,000 XOF per hour (3.20 USD) |
Average Bonus  | 40,000 ISK (284 USD) | 50,000 XOF (80 USD) |
Income Tax Rate  | 0 to 24 % | 0 to 18 % |
Social Security Contributions  | 7 % | 8 % |
Pension Contributions  | 8 % | 7 % |
Cost of Living Index  | 12 | 40 |
Median Household Income  | 400,000 ISK (2,840 USD) | 350,000 XOF (560 USD) |
If you lived in Iceland, you would earn 8.23 times more salary as compared to Burkina Faso.
Indicators | Iceland | Burkina Faso |
|---|---|---|
Legal Consultation Per Hour Rate  | 10,000 ISK (71 USD) | 15,000 XOF (24 USD) |
Accounting Services Per Hour Rate  | 7,000 ISK (49.70 USD) | 10,000 XOF (16 USD) |
IT Support Services Per Hour Rate  | 5,000 ISK (35.50 USD) | 8,000 XOF (12.80 USD) |
Technician Services Per Hour Rate  | 4,000 ISK (28.40 USD) | 10,000 XOF (16 USD) |
Professional Services cost 2.68 times more in Iceland, as compared to Burkina Faso.
We hope you enjoyed the detailed guide on the cost of living comparsion between Iceland and Burkina Faso.
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