Cost of living comparison
Iceland is 2.7 times more expensive than Turkey.
If you lived in Iceland instead of Turkey, you would:
pay 3.1 times more for restaurants
|
Turkey
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.91
TRY240.06
|
$19.40
ISK2,675
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.91
TRY240.10
|
$16.94
ISK2,336
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.17
TRY40.79
|
$2.81
ISK388
|
|
| Bottle of water (11 fl. oz) |
$0.42
TRY14.70
|
$2.02
ISK279
|
|
pay 3.0 times more for groceries
|
Turkey
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.02
TRY35.27
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$4.97
TRY172.68
|
$7.27
ISK1,002
|
|
| Milk (1 gallon) |
$3.15
TRY109.48
|
$6.01
ISK828
|
|
|
Eggs
1 dozen
|
$1.40
TRY48.58
|
$5.42
ISK747
|
|
| Boneless chicken breast (1 lb) |
$2.40
TRY83.30
|
$8.51
ISK1,173
|
|
| Apples (1 lb) |
$0.37
TRY12.85
|
$1.22
ISK169
|
|
| Bananas (1 lb) |
$0.87
TRY30.32
|
$1.03
ISK142
|
|
| Oranges (1 lb) |
$0.42
TRY14.45
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.51
TRY17.71
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.25
TRY8.61
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.21
TRY7.39
|
$0.78
ISK108
|
|
pay 2.5 times more for transportation
|
Turkey
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.40
TRY152.83
|
$8.36
ISK1,153
|
|
| Monthly public transit pass |
$19.27
TRY669.38
|
$71.28
ISK9,828
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$44,819.35
TRY1,557,024.44
|
$40,660.66
ISK5,606,292
|
|
| Taxi trip in downtown area (5 miles) |
$6.29
TRY218.61
|
$22.04
ISK3,038
|
|
pay 4.1 times more for housing
|
Turkey
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$11.31
TRY392.78
|
$72.17
ISK9,951
|
|
| 1-Bedroom apartment in downtown area |
$442.81
TRY15,383.34
|
$1,838.04
ISK253,429
|
|
| 1-Bedroom apartment outside city center |
$336.49
TRY11,689.75
|
$1,497.77
ISK206,513
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$44.46
TRY1,544.64
|
$58.01
ISK7,999
|
|
pay 24.9% less for childcare
|
Turkey
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$408.60
TRY14,194.63
|
$258.16
ISK35,596
|
|
| Middle school for 1 child, two semesters |
$6,892.93
TRY239,460.29
|
$5,993.99
ISK826,452
|
|
pay 3.2 times more for entertainment and sports
|
Turkey
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.54
TRY88.33
|
$9.19
ISK1,267
|
|
| Cappuccino in mid-range area |
$2.62
TRY91.07
|
$4.65
ISK641
|
|
|
Pack of cigarettes
Marlboro or similar
|
$1.91
TRY66.38
|
$11.76
ISK1,621
|
|
| Monthly membership at local gym |
$36.34
TRY1,262.39
|
$61.46
ISK8,474
|
|
| Movie ticket to theater/cinema |
$5.10
TRY177.20
|
$14.35
ISK1,978
|
|
pay 2.1 times more for clothing
|
Turkey
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$42.74
TRY1,484.84
|
$111.23
ISK15,336
|
|
|
Regular dress
from H&M or similar store
|
$40.74
TRY1,415.47
|
$59.69
ISK8,230
|
|
|
Running shoes
Nike or Adidas
|
$88.38
TRY3,070.31
|
$148.00
ISK20,406
|
|
| Men's business shoes (leather) |
$74.39
TRY2,584.28
|
$184.49
ISK25,438
|
|
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