Cost of living comparison
Iceland is 2.3 times more expensive than Istanbul.
If you lived in Iceland instead of Istanbul, you would:
pay 3.2 times more for restaurants
Istanbul
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$6.23
₺202.66
|
$17.84
kr2,507
|
|
Fast food combo meal
McDonalds, or similar
|
$5.71
₺185.77
|
$14.27
kr2,006
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.08
₺35.12
|
$2.32
kr326
|
|
Bottle of water (11 fl. oz) |
$0.41
₺13.47
|
$2.12
kr298
|
|
pay 2.6 times more for groceries
Istanbul
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$0.62
₺20.20
|
$3.42
kr481
|
|
Local cheese (8 oz) |
$4.15
₺134.97
|
$5.98
kr841
|
|
Milk (1 gallon) |
$4.81
₺156.29
|
$5.33
kr749
|
|
Eggs
1 dozen
|
$2.15
₺69.88
|
$5.66
kr795
|
|
Boneless chicken breast (1 lb) |
$2.27
₺73.69
|
$7.09
kr997
|
|
Apples (1 lb) |
$0.47
₺15.26
|
$1.16
kr163
|
|
Bananas (1 lb) |
$0.67
₺21.63
|
$0.98
kr138
|
|
Oranges (1 lb) |
$0.43
₺13.92
|
$1.17
kr165
|
|
Tomatoes (1 lb) |
$0.59
₺19.16
|
$1.84
kr258
|
|
Potatoes (1 lb) |
$0.31
₺10.09
|
$0.96
kr134
|
|
Onions (1 lb) |
$0.38
₺12.32
|
$0.51
kr72
|
|
pay 2.5 times more for transportation
Istanbul
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.24
₺137.67
|
$8.03
kr1,129
|
|
Monthly public transit pass |
$40.37
₺1,312.24
|
$77.40
kr10,879
|
|
New Volkswagen Golf 1.4 (standard edition) |
$49,354.50
₺1,604,415.88
|
$29,836.83
kr4,193,865
|
|
Taxi trip in downtown area (5 miles) |
$4.21
₺136.93
|
$23.97
kr3,369
|
|
pay 2.9 times more for housing
Istanbul
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$11.21
₺364.39
|
$62.40
kr8,771
|
|
1-Bedroom apartment in downtown area |
$731.05
₺23,764.96
|
$1,437.14
kr202,005
|
|
1-Bedroom apartment outside city center |
$439.68
₺14,292.97
|
$1,215.63
kr170,868
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.15
₺1,890.19
|
$68.63
kr9,647
|
|
pay 47.0% less for childcare
Istanbul
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$354.28
₺11,517.03
|
$259.34
kr36,453
|
|
Middle school for 1 child, two semesters |
$8,377.11
₺272,323.04
|
$2,750.10
kr386,554
|
|
pay 2.9 times more for entertainment and sports
Istanbul
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$3.12
₺101.33
|
$8.52
kr1,198
|
|
Cappuccino in mid-range area |
$2.38
₺77.24
|
$4.15
kr584
|
|
Pack of cigarettes
Marlboro or similar
|
$1.90
₺61.64
|
$10.64
kr1,495
|
|
Monthly membership at local gym |
$34.10
₺1,108.49
|
$56.90
kr7,998
|
|
Movie ticket to theater/cinema |
$4.73
₺153.69
|
$12.27
kr1,725
|
|
pay 82.7% more for clothing
Istanbul
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$53.54
₺1,740.36
|
$118.08
kr16,597
|
|
Regular dress
from H&M or similar store
|
$37.09
₺1,205.63
|
$50.39
kr7,083
|
|
Running shoes
Nike or Adidas
|
$95.72
₺3,111.77
|
$151.12
kr21,241
|
|
Men's business shoes (leather) |
$81.00
₺2,633.12
|
$175.20
kr24,626
|
|
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