Cost of Living Comparison

ISK

COMPARED TO

TRY

Turkey is 66.4% cheaper than Iceland.

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

pay 84.2% less for restaurants

	Iceland	Turkey
Basic meal with drink at inexpensive restaurant	$16.49 kr1,731	$2.59 ₺9.24	-84.3%
Fast food combo meal McDonalds, or similar	$14.47 kr1,519	$2.90 ₺10.35	-79.9%
Bottle of Coca-Cola (11 fl. oz)	$2.69 kr282	$0.49 ₺1.74	-81.9%
Bottle of water (11 fl. oz)	$1.95 kr205	$0.18 ₺0.64	-90.8%
Average			-84.2%

Iceland vs. Turkey - Cost of restaurants

Improve prices · Change currency (USD)

pay 72.9% less for groceries

	Iceland	Turkey
Bread 1 loaf	$3.22 kr338	$0.30 ₺1.06	-90.8%
Local cheese (8 oz)	$6.33 kr664	$2.15 ₺7.67	-66.0%
Milk (1 gallon)	$5.38 kr565	$2.36 ₺8.43	-56.1%
Eggs 1 dozen	$5.97 kr626	$1.29 ₺4.62	-78.3%
Boneless chicken breast (1 lb)	$7.48 kr785	$1.03 ₺3.67	-86.2%
Apples (1 lb)	$1.06 kr111	$0.27 ₺0.98	-74.1%
Bananas (1 lb)	$1.04 kr109	$0.65 ₺2.33	-37.1%
Oranges (1 lb)	$1.10 kr116	$0.33 ₺1.18	-69.8%
Tomatoes (1 lb)	$1.96 kr206	$0.25 ₺0.89	-87.2%
Potatoes (1 lb)	$1.03 kr108	$0.15 ₺0.54	-85.2%
Onions (1 lb)	$0.60 kr63	$0.17 ₺0.61	-71.4%
Average			-72.9%

Iceland vs. Turkey - Cost of groceries

Improve prices · Change currency (USD)

pay 58.1% less for transportation

	Iceland	Turkey
Gasoline (1 gallon)	$6.83 kr717	$2.98 ₺10.62	-56.4%
Monthly public transit pass	$104.10 kr10,925	$18.98 ₺67.68	-81.8%
New Volkswagen Golf 1.4 (standard edition)	$29,559.70 kr3,102,290	$25,487.68 ₺90,873.76	-13.8%
Taxi trip in downtown area (5 miles)	$25.44 kr2,670	$4.97 ₺17.72	-80.5%
Average			-58.1%

Iceland vs. Turkey - Cost of transportation

Improve prices · Change currency (USD)

pay 76.8% less for housing

	Iceland	Turkey
Internet connection 50 mbps or faster, cable/dsl	$72.22 kr7,579	$17.64 ₺62.88	-75.6%
1-Bedroom apartment in downtown area	$1,433.87 kr150,485	$133.43 ₺475.74	-90.7%
1-Bedroom apartment outside city center	$1,196.44 kr125,566	$94.97 ₺338.59	-92.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$84.13 kr8,829	$43.06 ₺153.51	-48.8%
Average			-76.8%

Iceland vs. Turkey - Cost of housing

Improve prices · Change currency (USD)

pay 19.3% less for childcare

	Iceland	Turkey
Private preschool for 1 child, monthly	$308.46 kr32,373	$190.17 ₺678.02	-38.4%
Middle school for 1 child, two semesters	$3,430.08 kr359,987	$3,423.72 ₺12,206.94	-0.2%
Average			-19.3%

Iceland vs. Turkey - Cost of childcare

Improve prices · Change currency (USD)

pay 76.8% less for entertainment and sports

	Iceland	Turkey
Domestic/local beer (1 pint)	$9.07 kr952	$1.88 ₺6.69	-79.3%
Cappuccino in mid-range area	$4.60 kr483	$1.37 ₺4.87	-70.3%
Pack of cigarettes Marlboro or similar	$12.21 kr1,282	$2.07 ₺7.38	-83.0%
Monthly membership at local gym	$60.00 kr6,297	$17.72 ₺63.18	-70.5%
Movie ticket to theater/cinema	$13.09 kr1,374	$2.48 ₺8.84	-81.1%
Average			-76.8%

Iceland vs. Turkey - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 76.6% less for clothing

	Iceland	Turkey
Regular jeans Levi's brand	$126.70 kr13,297	$26.03 ₺92.80	-79.5%
Regular dress from H&M or similar store	$69.47 kr7,291	$19.67 ₺70.14	-71.7%
Running shoes Nike or Adidas	$175.47 kr18,416	$46.12 ₺164.44	-73.7%
Men's business shoes (leather)	$188.88 kr19,823	$35.21 ₺125.52	-81.4%
Average			-76.6%

Iceland vs. Turkey - Cost of clothing

Improve prices · Change currency (USD)

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: January 2022

More cost of living comparisons

Iceland vs. China

Iceland vs. United States

Iceland vs. United Kingdom

Turkey vs. France

Turkey vs. Egypt

Turkey vs. Italy

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location (Ashburn, VA, United States) to help assist us in making these comparisons more accurate. Learn more

Contribute prices for Iceland

Contribute prices for Turkey

Narrow your comparison by city:

Select a city in Iceland:

Select a city in Turkey:

For example, try comparing the cost of living in Reykjavik vs. Ankara

HAVE A QUESTION? ASK THE COMMUNITY

Join the Elsewhere community and ask a question about Turkey. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.