Cost of living comparison

Iceland

compared to

Turkmenistan

Turkmenistan vs. Iceland Cost of Living Summary

Turkmenistan is 23.9% more expensive than Iceland overall.

Restaurants: pay 5.2% more in Turkmenistan
Groceries: pay 81.0% more in Turkmenistan
Transportation: pay 54.4% less in Turkmenistan
Housing: pay 2.5 times more in Turkmenistan
Childcare: pay 91.2% less in Turkmenistan
Entertainment and Sports: pay 57.3% more in Turkmenistan
Clothing: pay 20.8% more in Turkmenistan

The cost of housing, groceries, entertainment and sports, clothing, and restaurants in Turkmenistan are more expensive than in Iceland. Expenses including childcare and transportation are lower in Turkmenistan. Notably, housing and groceries are significantly more expensive in Turkmenistan.

Turkmenistan vs. Iceland Cost Breakdown

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

Display currency: USD

pay 5.2% more for restaurants

	Iceland	Turkmenistan
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,608	$34.54 TMT121.25	+78.1%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,278	$12.82 TMT45.00	-24.3%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK378	$3.24 TMT11.38	+15.3%
Bottle of water (11 fl. oz)	$2.02 ISK272	$1.04 TMT3.67	-48.3%
Average			+5.2%

Iceland vs. Turkmenistan - Cost of restaurants

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pay 81.0% more for groceries

	Iceland	Turkmenistan
Bread 1 loaf	$2.95 ISK397	$2.39 TMT8.38	-19.2%
Local cheese (8 oz)	$7.27 ISK977	$17.90 TMT62.83	+146.4%
Milk (1 gallon)	$6.01 ISK808	$16.12 TMT56.59	+168.4%
Eggs 1 dozen	$5.42 ISK729	$6.84 TMT24.00	+26.2%
Boneless chicken breast (1 lb)	$8.51 ISK1,144	$5.38 TMT18.90	-36.7%
Apples (1 lb)	$1.22 ISK165	$2.71 TMT9.53	+121.8%
Bananas (1 lb)	$1.03 ISK138	$4.01 TMT14.06	+290.3%
Oranges (1 lb)	$1.17 ISK157	$3.65 TMT12.81	+211.7%
Tomatoes (1 lb)	$1.87 ISK252	$1.71 TMT6.01	-8.6%
Potatoes (1 lb)	$1.23 ISK166	$1.03 TMT3.63	-16.2%
Onions (1 lb)	$0.78 ISK106	$0.84 TMT2.95	+7.1%
Average			+81.0%

Iceland vs. Turkmenistan - Cost of groceries

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pay 54.4% less for transportation

	Iceland	Turkmenistan
Gasoline (1 gallon)	$8.36 ISK1,124	$1.56 TMT5.49	-81.3%
Monthly public transit pass	$71.28 ISK9,584	$8.55 TMT30.00	-88.0%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,467,232	$43,803.42 TMT153,750.00	+7.7%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,963	$9.69 TMT34.00	-56.0%
Average			-54.4%

Iceland vs. Turkmenistan - Cost of transportation

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pay 2.5 times more for housing

	Iceland	Turkmenistan
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,705	$94.97 TMT333.33	+31.6%
1-Bedroom apartment in downtown area	$1,838.04 ISK247,143	$1,125.36 TMT3,950.00	-38.8%
1-Bedroom apartment outside city center	$1,497.77 ISK201,390	$747.86 TMT2,625.00	-50.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,801	$435.73 TMT1,529.41	+651.1%
Average			+148.5%

Iceland vs. Turkmenistan - Cost of housing

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pay 91.2% less for childcare

	Iceland	Turkmenistan
Private preschool for 1 child, monthly	$258.16 ISK34,713	$22.79 TMT80.00	-91.2%
Middle school for 1 child, two semesters	$5,993.99 ISK805,952	??
Average			-91.2%

Iceland vs. Turkmenistan - Cost of childcare

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pay 57.3% more for entertainment and sports

	Iceland	Turkmenistan
Domestic/local beer (1 pint)	$9.19 ISK1,235	$5.06 TMT17.75	-45.0%
Cappuccino in mid-range area	$4.65 ISK625	$6.98 TMT24.50	+50.2%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,581	$28.49 TMT100.00	+142.4%
Monthly membership at local gym	$61.46 ISK8,264	$147.20 TMT516.67	+139.5%
Movie ticket to theater/cinema	$14.35 ISK1,929	$14.25 TMT50.00	-0.7%
Average			+57.3%

Iceland vs. Turkmenistan - Cost of entertainment and sports

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pay 20.8% more for clothing

	Iceland	Turkmenistan
Regular jeans Levi's brand	$111.23 ISK14,956	$85.47 TMT300.00	-23.2%
Regular dress from H&M or similar store	$59.69 ISK8,026	$121.08 TMT425.00	+102.9%
Running shoes Nike or Adidas	$148.00 ISK19,900	$163.82 TMT575.00	+10.7%
Men's business shoes (leather)	$184.49 ISK24,807	$170.94 TMT600.00	-7.3%
Average			+20.8%

Iceland vs. Turkmenistan - Cost of clothing

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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: March 2025

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