Cost of living comparison

Istanbul, Turkey

compared to

Reykjavik, Iceland

Reykjavik vs. Istanbul Cost of Living Summary

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.

Reykjavik vs. Istanbul Cost Breakdown

If you lived in Reykjavik instead of Istanbul, you would:

Display currency: USD

pay 2.8 times more for restaurants

	Istanbul	Reykjavik
Basic meal with drink at inexpensive restaurant	$10.27 TRY404.41	$20.00 ISK2,493	+94.8%
Fast food combo meal McDonalds, or similar	$7.42 TRY292.13	$18.02 ISK2,246	+143.0%
Bottle of Coca-Cola (11 fl. oz)	$1.41 TRY55.44	$3.15 ISK393	+124.1%
Bottle of water (11 fl. oz)	$0.49 TRY19.24	$2.19 ISK272	+347.4%
Average			+177.3%

Istanbul vs. Reykjavik - Cost of restaurants

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pay 3.0 times more for groceries

	Istanbul	Reykjavik
Bread 1 loaf	$0.89 TRY35.12	$3.61 ISK450	+305.0%
Local cheese (8 oz)	$4.98 TRY196.11	$7.76 ISK967	+55.8%
Milk (1 gallon)	$4.06 TRY159.96	$6.40 ISK798	+57.7%
Eggs 1 dozen	$1.89 TRY74.63	$5.76 ISK718	+203.8%
Boneless chicken breast (1 lb)	$2.76 TRY108.84	$9.45 ISK1,178	+241.9%
Apples (1 lb)	$0.55 TRY21.58	$1.40 ISK175	+156.0%
Bananas (1 lb)	$0.99 TRY38.84	$1.01 ISK126	+2.3%
Oranges (1 lb)	$0.50 TRY19.67	$1.22 ISK152	+143.8%
Tomatoes (1 lb)	$0.53 TRY20.85	$2.22 ISK277	+320.3%
Potatoes (1 lb)	$0.28 TRY11.02	$1.43 ISK179	+412.7%
Onions (1 lb)	$0.24 TRY9.64	$0.93 ISK116	+281.5%
Average			+198.3%

Istanbul vs. Reykjavik - Cost of groceries

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pay 2.2 times more for transportation

	Istanbul	Reykjavik
Gasoline (1 gallon)	$4.75 TRY186.99	$8.50 ISK1,060	+79.1%
Monthly public transit pass	$40.72 TRY1,603.88	$74.95 ISK9,343	+84.1%
New Volkswagen Golf 1.4 (standard edition)	$43,623.86 TRY1,718,440.05	$42,450.45 ISK5,291,449	-2.7%
Taxi trip in downtown area (5 miles)	$5.53 TRY217.67	$24.05 ISK2,998	+335.2%
Average			+123.9%

Istanbul vs. Reykjavik - Cost of transportation

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pay 3.0 times more for housing

	Istanbul	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$12.92 TRY508.95	$69.87 ISK8,709	+440.8%
1-Bedroom apartment in downtown area	$917.53 TRY36,143.51	$1,971.17 ISK245,706	+114.8%
1-Bedroom apartment outside city center	$560.36 TRY22,073.62	$1,803.44 ISK224,799	+221.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$45.19 TRY1,780.25	$53.95 ISK6,725	+19.4%
Average			+199.2%

Istanbul vs. Reykjavik - Cost of housing

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pay 61.7% less for childcare

	Istanbul	Reykjavik
Private preschool for 1 child, monthly	$680.19 TRY26,794.23	$252.14 ISK31,429	-62.9%
Middle school for 1 child, two semesters	$15,170.99 TRY597,618.57	$5,993.99 ISK747,151	-60.5%
Average			-61.7%

Istanbul vs. Reykjavik - Cost of childcare

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pay 2.7 times more for entertainment and sports

	Istanbul	Reykjavik
Domestic/local beer (1 pint)	$4.00 TRY157.52	$10.81 ISK1,348	+170.3%
Cappuccino in mid-range area	$3.39 TRY133.66	$5.31 ISK661	+56.4%
Pack of cigarettes Marlboro or similar	$2.18 TRY85.92	$12.25 ISK1,526	+461.4%
Monthly membership at local gym	$51.04 TRY2,010.76	$69.95 ISK8,719	+37.0%
Movie ticket to theater/cinema	$7.27 TRY286.41	$14.77 ISK1,842	+103.2%
Average			+165.7%

Istanbul vs. Reykjavik - Cost of entertainment and sports

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pay 70.9% more for clothing

	Istanbul	Reykjavik
Regular jeans Levi's brand	$56.75 TRY2,235.43	$108.97 ISK13,583	+92.0%
Regular dress from H&M or similar store	$41.70 TRY1,642.56	$49.72 ISK6,198	+19.2%
Running shoes Nike or Adidas	$100.70 TRY3,966.61	$151.85 ISK18,929	+50.8%
Men's business shoes (leather)	$87.67 TRY3,453.37	$194.16 ISK24,202	+121.5%
Average			+70.9%

Istanbul vs. Reykjavik - 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: June 2025

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