Cost of Living Comparison

ISK

COMPARED TO

USD

Turks and Caicos Islands is 52.3% more expensive than Iceland.

If you lived in Turks and Caicos Islands instead of Iceland, you would:

pay 6.8% more for restaurants

	Iceland	Turks and Caicos Islands
Basic meal with drink at inexpensive restaurant	$15.54 kr1,631	$22.50	+44.8%
Fast food combo meal McDonalds, or similar	$12.54 kr1,316	$12.50	-0.3%
Bottle of Coca-Cola (11 fl. oz)	$2.37 kr249	$2.50	+5.4%
Bottle of water (11 fl. oz)	$1.68 kr177	$1.30	-22.8%
Average			+6.8%

Iceland vs. Turks and Caicos Islands - Cost of restaurants

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pay 76.5% more for groceries

	Iceland	Turks and Caicos Islands
Bread 1 loaf	$3.04 kr319	$5.50	+81.1%
Local cheese (8 oz)	$5.12 kr538	$15.00	+192.8%
Milk (1 gallon)	$4.59 kr482	$9.12	+98.6%
Eggs 1 dozen	$5.23 kr549	$2.50	-52.2%
Boneless chicken breast (1 lb)	$6.56 kr689	$6.35	-3.2%
Apples (1 lb)	$0.98 kr103	$1.88	+91.8%
Bananas (1 lb)	$0.83 kr88	$1.50	+79.8%
Oranges (1 lb)	$1.02 kr107	$1.88	+84.9%
Tomatoes (1 lb)	$1.68 kr176	$2.16	+28.7%
Potatoes (1 lb)	$0.96 kr100	$2.16	+125.8%
Onions (1 lb)	$0.55 kr58	$1.18	+113.2%
Average			+76.5%

Iceland vs. Turks and Caicos Islands - Cost of groceries

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pay 22.8% less for transportation

	Iceland	Turks and Caicos Islands
Gasoline (1 gallon)	$5.96 kr626	$6.23	+4.5%
Monthly public transit pass	$90.41 kr9,489	$20.00	-77.9%
New Volkswagen Golf 1.4 (standard edition)	$26,163.21 kr2,745,829	$27,500.00	+5.1%
Taxi trip in downtown area (5 miles)	$22.36 kr2,347	??
Average			-22.8%

Iceland vs. Turks and Caicos Islands - Cost of transportation

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pay 2.0 times more for housing

	Iceland	Turks and Caicos Islands
Internet connection 50 mbps or faster, cable/dsl	$63.30 kr6,644	$115.00	+81.7%
1-Bedroom apartment in downtown area	$1,285.14 kr134,875	$1,066.67	-17.0%
1-Bedroom apartment outside city center	$1,064.16 kr111,684	$1,300.00	+22.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$69.69 kr7,314	$300.78	+331.6%
Average			+104.6%

Iceland vs. Turks and Caicos Islands - Cost of housing

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pay 3.0 times more for childcare

	Iceland	Turks and Caicos Islands
Private preschool for 1 child, monthly	$279.46 kr29,329	$766.67	+174.3%
Middle school for 1 child, two semesters	$3,014.93 kr316,417	$10,100.00	+235.0%
Average			+204.7%

Iceland vs. Turks and Caicos Islands - Cost of childcare

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pay 12.5% more for entertainment and sports

	Iceland	Turks and Caicos Islands
Domestic/local beer (1 pint)	$7.97 kr837	$5.50	-31.0%
Cappuccino in mid-range area	$4.17 kr438	$6.81	+63.4%
Pack of cigarettes Marlboro or similar	$10.58 kr1,110	$5.00	-52.7%
Monthly membership at local gym	$50.68 kr5,319	$86.25	+70.2%
Movie ticket to theater/cinema	$11.05 kr1,159	??
Average			+12.5%

Iceland vs. Turks and Caicos Islands - Cost of entertainment and sports

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pay 16.2% less for clothing

	Iceland	Turks and Caicos Islands
Regular jeans Levi's brand	$104.95 kr11,015	$80.00	-23.8%
Regular dress from H&M or similar store	$60.45 kr6,345	$80.00	+32.3%
Running shoes Nike or Adidas	$154.03 kr16,166	$100.00	-35.1%
Men's business shoes (leather)	$161.72 kr16,973	$100.00	-38.2%
Average			-16.2%

Iceland vs. Turks and Caicos Islands - 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 2021

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