Cost of living comparison
Reykjavik is 2.2 times more expensive than Istanbul.
- Restaurants
-
pay 2.8 times more in Reykjavik
- Groceries
-
pay 3.0 times more in Reykjavik
- Transportation
-
pay 2.2 times more in Reykjavik
- Housing
-
pay 3.0 times more in Reykjavik
- Childcare
-
pay 61.7% less in Reykjavik
- Entertainment and Sports
-
pay 2.7 times more in Reykjavik
- Clothing
-
pay 70.9% more in Reykjavik
The cost of housing, groceries, restaurants, entertainment and sports, transportation, and clothing in Reykjavik are more expensive than in Istanbul. Notably, housing, groceries, and restaurants are significantly more expensive in Reykjavik.
If you lived in Reykjavik instead of Istanbul, you would:
pay 2.8 times more for restaurants
|
Istanbul
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.27
TRY402.39
|
$20.00
ISK2,545
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.42
TRY290.68
|
$18.02
ISK2,293
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.41
TRY55.16
|
$3.15
ISK401
|
|
| Bottle of water (11 fl. oz) |
$0.49
TRY19.15
|
$2.19
ISK278
|
|
pay 3.0 times more for groceries
|
Istanbul
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$0.89
TRY34.94
|
$3.61
ISK459
|
|
| Local cheese (8 oz) |
$4.98
TRY195.13
|
$7.76
ISK987
|
|
| Milk (1 gallon) |
$4.06
TRY159.16
|
$6.40
ISK815
|
|
|
Eggs
1 dozen
|
$1.89
TRY74.26
|
$5.76
ISK733
|
|
| Boneless chicken breast (1 lb) |
$2.76
TRY108.30
|
$9.45
ISK1,202
|
|
| Apples (1 lb) |
$0.55
TRY21.47
|
$1.40
ISK178
|
|
| Bananas (1 lb) |
$0.99
TRY38.65
|
$1.01
ISK128
|
|
| Oranges (1 lb) |
$0.50
TRY19.57
|
$1.22
ISK155
|
|
| Tomatoes (1 lb) |
$0.53
TRY20.74
|
$2.22
ISK283
|
|
| Potatoes (1 lb) |
$0.28
TRY10.97
|
$1.43
ISK183
|
|
| Onions (1 lb) |
$0.24
TRY9.59
|
$0.93
ISK119
|
|
pay 2.2 times more for transportation
|
Istanbul
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.75
TRY186.06
|
$8.50
ISK1,082
|
|
| Monthly public transit pass |
$40.72
TRY1,595.88
|
$74.95
ISK9,538
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$43,623.86
TRY1,709,872.36
|
$42,450.45
ISK5,401,820
|
|
| Taxi trip in downtown area (5 miles) |
$5.53
TRY216.58
|
$24.05
ISK3,060
|
|
pay 3.0 times more for housing
|
Istanbul
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$12.92
TRY506.41
|
$69.87
ISK8,890
|
|
| 1-Bedroom apartment in downtown area |
$917.53
TRY35,963.31
|
$1,971.17
ISK250,832
|
|
| 1-Bedroom apartment outside city center |
$560.36
TRY21,963.57
|
$1,803.44
ISK229,488
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$45.19
TRY1,771.37
|
$53.95
ISK6,866
|
|
pay 61.7% less for childcare
|
Istanbul
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$680.19
TRY26,660.64
|
$252.14
ISK32,085
|
|
| Middle school for 1 child, two semesters |
$15,170.99
TRY594,639.00
|
$5,993.99
ISK762,736
|
|
pay 2.7 times more for entertainment and sports
|
Istanbul
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.00
TRY156.74
|
$10.81
ISK1,376
|
|
| Cappuccino in mid-range area |
$3.39
TRY133.00
|
$5.31
ISK675
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.18
TRY85.49
|
$12.25
ISK1,558
|
|
| Monthly membership at local gym |
$51.04
TRY2,000.74
|
$69.95
ISK8,901
|
|
| Movie ticket to theater/cinema |
$7.27
TRY284.98
|
$14.77
ISK1,880
|
|
pay 70.9% more for clothing
|
Istanbul
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$56.75
TRY2,224.29
|
$108.97
ISK13,867
|
|
|
Regular dress
from H&M or similar store
|
$41.70
TRY1,634.37
|
$49.72
ISK6,327
|
|
|
Running shoes
Nike or Adidas
|
$100.70
TRY3,946.84
|
$151.85
ISK19,323
|
|
| Men's business shoes (leather) |
$87.67
TRY3,436.15
|
$194.16
ISK24,707
|
|
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