Cost of living comparison

compared to

Turks and Caicos Islands vs. Reykjavik Cost of Living Summary

Turks and Caicos Islands is 6.4% cheaper than Reykjavik.

Restaurants: pay 28.5% less in Turks and Caicos Islands
Groceries: pay 13.5% more in Turks and Caicos Islands
Transportation: pay 18.7% less in Turks and Caicos Islands
Housing: pay 54.5% more in Turks and Caicos Islands
Childcare: pay 10.8% less in Turks and Caicos Islands
Entertainment and Sports: pay 21.3% less in Turks and Caicos Islands
Clothing: pay 33.4% less in Turks and Caicos Islands

The cost of housing and groceries in Turks and Caicos Islands are more expensive than in Reykjavik. Expenses including clothing, restaurants, entertainment and sports, transportation, and childcare are lower in Turks and Caicos Islands.

Turks and Caicos Islands vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 28.5% less for restaurants

	Reykjavik	Turks and Caicos Islands
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$20.00	-27.2%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$12.50	-45.1%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$2.50	-25.0%
Bottle of water (11 fl. oz)	$2.70 ISK345	$2.25	-16.6%
Average			-28.5%

Reykjavik vs. Turks and Caicos Islands - Cost of restaurants

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pay 13.5% more for groceries

	Reykjavik	Turks and Caicos Islands
Bread 1 loaf	$4.63 ISK593	$3.94	-15.0%
Local cheese (8 oz)	$9.44 ISK1,208	$13.23	+40.2%
Milk (1 gallon)	$7.63 ISK976	$19.94	+161.3%
Eggs 1 dozen	$6.50 ISK832	$4.00	-38.5%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$6.80	-39.7%
Apples (1 lb)	$1.59 ISK204	$1.81	+14.1%
Bananas (1 lb)	$1.17 ISK150	$1.18	+0.9%
Oranges (1 lb)	$1.49 ISK190	??
Tomatoes (1 lb)	$2.54 ISK325	$3.00	+18.3%
Potatoes (1 lb)	$1.70 ISK217	??
Onions (1 lb)	$1.13 ISK145	$0.91	-19.7%
Average			+13.5%

Reykjavik vs. Turks and Caicos Islands - Cost of groceries

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pay 18.7% less for transportation

	Reykjavik	Turks and Caicos Islands
Gasoline (1 gallon)	$9.66 ISK1,236	$7.86	-18.7%
Monthly public transit pass	$88.58 ISK11,337	??
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	??
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	??
Average			-18.7%

Reykjavik vs. Turks and Caicos Islands - Cost of transportation

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pay 54.5% more for housing

	Reykjavik	Turks and Caicos Islands
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$115.00	+40.3%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$1,225.00	-45.8%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$950.00	-53.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$229.41	+276.9%
Average			+54.5%

Reykjavik vs. Turks and Caicos Islands - Cost of housing

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pay 10.8% less for childcare

	Reykjavik	Turks and Caicos Islands
Private preschool for 1 child, monthly	$327.78 ISK41,949	$500.00	+52.5%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$8,000.00	-74.0%
Average			-10.8%

Reykjavik vs. Turks and Caicos Islands - Cost of childcare

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pay 21.3% less for entertainment and sports

	Reykjavik	Turks and Caicos Islands
Domestic/local beer (1 pint)	$13.12 ISK1,680	$8.00	-39.0%
Cappuccino in mid-range area	$6.17 ISK790	$5.50	-10.9%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$7.00	-49.8%
Monthly membership at local gym	$87.35 ISK11,179	$100.00	+14.5%
Movie ticket to theater/cinema	$17.18 ISK2,199	??
Average			-21.3%

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

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pay 33.4% less for clothing

	Reykjavik	Turks and Caicos Islands
Regular jeans Levi's brand	$145.10 ISK18,569	$80.00	-44.9%
Regular dress from H&M or similar store	$63.97 ISK8,187	$60.00	-6.2%
Running shoes Nike or Adidas	$193.43 ISK24,755	$150.00	-22.5%
Men's business shoes (leather)	$248.79 ISK31,840	$100.00	-59.8%
Average			-33.4%

Reykjavik 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: December 2025

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