Cost of living comparison

Turkmenistan

compared to

Iceland

Iceland vs. Turkmenistan Cost of Living Summary

Iceland is 39.3% more expensive than Turkmenistan overall.

Restaurants: pay 43.5% more in Iceland
Groceries: pay 16.0% less in Iceland
Transportation: pay 3.4 times more in Iceland
Housing: pay 18.4% more in Iceland
Childcare: pay 6.4 times more in Iceland
Entertainment and Sports: pay 2.0% more in Iceland
Clothing: pay 8.0% less in Iceland

The cost of childcare, transportation, restaurants, housing, and entertainment and sports in Iceland are more expensive than in Turkmenistan. Expenses including groceries and clothing are lower in Iceland. Notably, childcare and transportation are significantly more expensive in Iceland.

Planning a move to Iceland? Get up to 5 free, no-obligation quotes from vetted international movers. Get free quotes →

Iceland vs. Turkmenistan Cost Breakdown

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

Display currency: USD

pay 43.5% more for restaurants

	Turkmenistan	Iceland
Basic meal with drink at inexpensive restaurant	$31.43 TMT110.31	$28.88 ISK3,499	-8.1%
Fast food combo meal McDonalds, or similar	$12.86 TMT45.13	$22.83 ISK2,767	+77.6%
Bottle of Coca-Cola (11 fl. oz)	$1.57 TMT5.52	$3.25 ISK393	+106.5%
Bottle of water (11 fl. oz)	$0.86 TMT3.01	$3.01 ISK365	+251.2%
Average			+43.5%

Turkmenistan vs. Iceland - Cost of restaurants

Improve prices · Change currency (USD)

pay 16.0% less for groceries

	Turkmenistan	Iceland
Bread 1 loaf	$2.04 TMT7.15	$3.55 ISK431	+74.5%
Local cheese (8 oz)	$18.82 TMT66.06	$10.11 ISK1,226	-46.3%
Milk (1 gallon)	$17.09 TMT59.98	$7.79 ISK944	-54.4%
Eggs 1 dozen	$6.00 TMT21.06	$6.92 ISK839	+15.4%
Boneless chicken breast (1 lb)	$9.07 TMT31.84	$11.01 ISK1,334	+21.4%
Apples (1 lb)	$2.30 TMT8.07	$1.43 ISK173	-38.0%
Bananas (1 lb)	$3.84 TMT13.49	$1.23 ISK148	-68.1%
Oranges (1 lb)	$3.40 TMT11.94	$1.42 ISK172	-58.4%
Tomatoes (1 lb)	$1.67 TMT5.87	$2.60 ISK315	+55.7%
Potatoes (1 lb)	$1.04 TMT3.64	$1.71 ISK207	+64.9%
Onions (1 lb)	$0.65 TMT2.27	$0.76 ISK92	+16.7%
Average			-16.0%

Turkmenistan vs. Iceland - Cost of groceries

Improve prices · Change currency (USD)

pay 3.4 times more for transportation

	Turkmenistan	Iceland
Gasoline (1 gallon)	$1.62 TMT5.69	$8.09 ISK980	+398.4%
Monthly public transit pass	$10.00 TMT35.10	$80.58 ISK9,765	+705.8%
New Volkswagen Golf 1.4 (standard edition)	$43,928.57 TMT154K	$48,967.53 ISK6M	+11.5%
Taxi trip in downtown area (5 miles)	$9.71 TMT34.10	$26.24 ISK3,179	+170.1%
Average			+237.3%

Turkmenistan vs. Iceland - Cost of transportation

Improve prices · Change currency (USD)

pay 18.4% more for housing

	Turkmenistan	Iceland
Internet connection 50 mbps or faster, cable/dsl	$102.86 TMT361.03	$98.24 ISK11,905	-4.5%
1-Bedroom apartment in downtown area	$1,414.29 TMT4,964.14	$2,335.24 ISK283K	+65.1%
1-Bedroom apartment outside city center	$1,000.00 TMT3,510.00	$1,824.40 ISK221K	+82.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$436.97 TMT1,533.78	$72.34 ISK8,766	-83.4%
Average			+18.4%

Turkmenistan vs. Iceland - Cost of housing

Improve prices · Change currency (USD)

pay 6.4 times more for childcare

	Turkmenistan	Iceland
Private preschool for 1 child, monthly	$22.86 TMT80.23	$833.66 ISK101K	+3547.3%
Middle school for 1 child, two semesters	$24,807.14 TMT87,073.07	$27,752.37 ISK3M	+11.9%
Average			+538.8%

Turkmenistan vs. Iceland - Cost of childcare

Improve prices · Change currency (USD)

pay 2.0% more for entertainment and sports

	Turkmenistan	Iceland
Domestic/local beer (1 pint)	$5.71 TMT20.06	$11.37 ISK1,378	+99.0%
Cappuccino in mid-range area	$6.79 TMT23.82	$5.90 ISK715	-13.1%
Pack of cigarettes Marlboro or similar	$25.71 TMT90.26	$13.85 ISK1,679	-46.1%
Monthly membership at local gym	$195.24 TMT685.29	$83.64 ISK10,136	-57.2%
Movie ticket to theater/cinema	$8.57 TMT30.09	$17.92 ISK2,171	+109.0%
Average			+2.0%

Turkmenistan vs. Iceland - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 8.0% less for clothing

	Turkmenistan	Iceland
Regular jeans Levi's brand	$55.71 TMT195.56	$134.47 ISK16,295	+141.3%
Regular dress from H&M or similar store	$114.29 TMT401.14	$63.25 ISK7,664	-44.7%
Running shoes Nike or Adidas	$364.29 TMT1,278.64	$159.03 ISK19,271	-56.3%
Men's business shoes (leather)	$192.86 TMT676.93	$237.19 ISK28,742	+23.0%
Average			-8.0%

Turkmenistan vs. Iceland - Cost of clothing

Improve prices · Change currency (USD)

We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

Compare further: Turkmenistan vs. Iceland

Salary Calculator · Free tool

What salary would you need in Iceland?

Quality of Life Comparison · 19 statistics

Make 15.0 times more money in Iceland

Size Comparison · See true size

Turkmenistan is about 4.7 times bigger than Iceland.

Moving from Turkmenistan to Iceland · OECD 2023

1 people moved from Turkmenistan to Iceland.

More cost comparisons

Turkmenistan vs.

Russia

Turkmenistan vs.

Ukraine

Turkmenistan vs.

Germany

Turkmenistan vs.

Belarus

Turkmenistan vs.

United States

Turkmenistan vs.

Turkey

Turkmenistan vs.

Israel

Turkmenistan vs.

Iran

Share this

Compare by city

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

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Turkmenistan

Add prices for Iceland

Ask the Elsewhere Community

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