Cost of living comparison

compared to

Iceland vs. Turks and Caicos Islands Cost of Living Summary

Iceland is 41.9% more expensive than Turks and Caicos Islands overall.

Restaurants: pay 37.1% more in Iceland
Groceries: pay 2.0% more in Iceland
Transportation: pay 22.9% more in Iceland
Housing: pay 22.8% more in Iceland
Childcare: pay 2.3 times more in Iceland
Entertainment and Sports: pay 29.6% more in Iceland
Clothing: pay 53.3% more in Iceland

The cost of childcare, clothing, restaurants, entertainment and sports, transportation, and housing in Iceland are more expensive than in Turks and Caicos Islands. Notably, childcare is significantly more expensive in Iceland.

Iceland vs. Turks and Caicos Islands Cost Breakdown

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

Display currency: USD

pay 37.1% more for restaurants

	Turks and Caicos Islands	Iceland
Basic meal with drink at inexpensive restaurant	$20.00	$26.52 ISK3,296	+32.6%
Fast food combo meal McDonalds, or similar	$12.50	$21.32 ISK2,649	+70.5%
Bottle of Coca-Cola (11 fl. oz)	$2.50	$3.11 ISK386	+24.4%
Bottle of water (11 fl. oz)	$2.25	$2.72 ISK338	+20.9%
Average			+37.1%

Turks and Caicos Islands vs. Iceland - Cost of restaurants

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pay 2.0% more for groceries

	Turks and Caicos Islands	Iceland
Bread 1 loaf	$3.94	$3.80 ISK473	-3.4%
Local cheese (8 oz)	$13.23	$9.44 ISK1,173	-28.7%
Milk (1 gallon)	$19.94	$7.78 ISK967	-61.0%
Eggs 1 dozen	$4.00	$6.71 ISK834	+67.7%
Boneless chicken breast (1 lb)	$6.80	$11.22 ISK1,394	+64.9%
Apples (1 lb)	$1.81	$1.50 ISK186	-17.6%
Bananas (1 lb)	$1.18	$1.15 ISK142	-2.8%
Oranges (1 lb)	??	$1.41 ISK176
Tomatoes (1 lb)	$3.00	$2.34 ISK291	-22.0%
Potatoes (1 lb)	??	$1.65 ISK205
Onions (1 lb)	$0.91	$1.09 ISK136	+20.5%
Average			+2.0%

Turks and Caicos Islands vs. Iceland - Cost of groceries

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pay 22.9% more for transportation

	Turks and Caicos Islands	Iceland
Gasoline (1 gallon)	$7.86	$9.65 ISK1,200	+22.9%
Monthly public transit pass	??	$79.56 ISK9,887
New Volkswagen Golf 1.4 (standard edition)	??	$49,144.25 ISK6M
Taxi trip in downtown area (5 miles)	??	$25.55 ISK3,176
Average			+22.9%

Turks and Caicos Islands vs. Iceland - Cost of transportation

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pay 22.8% more for housing

	Turks and Caicos Islands	Iceland
Internet connection 50 mbps or faster, cable/dsl	$115.00	$95.65 ISK11,886	-16.8%
1-Bedroom apartment in downtown area	$1,225.00	$2,289.17 ISK284K	+86.9%
1-Bedroom apartment outside city center	$950.00	$1,830.04 ISK227K	+92.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$229.41	$65.15 ISK8,096	-71.6%
Average			+22.8%

Turks and Caicos Islands vs. Iceland - Cost of housing

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pay 2.3 times more for childcare

	Turks and Caicos Islands	Iceland
Private preschool for 1 child, monthly	$500.00	$334.67 ISK41,589	-33.1%
Middle school for 1 child, two semesters	$8,000.00	$30,711.08 ISK4M	+283.9%
Average			+125.4%

Turks and Caicos Islands vs. Iceland - Cost of childcare

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pay 29.6% more for entertainment and sports

	Turks and Caicos Islands	Iceland
Domestic/local beer (1 pint)	$8.00	$11.14 ISK1,385	+39.3%
Cappuccino in mid-range area	$5.50	$5.62 ISK699	+2.3%
Pack of cigarettes Marlboro or similar	$7.00	$13.90 ISK1,727	+98.5%
Monthly membership at local gym	$100.00	$78.17 ISK9,714	-21.8%
Movie ticket to theater/cinema	??	$16.75 ISK2,082
Average			+29.6%

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

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pay 53.3% more for clothing

	Turks and Caicos Islands	Iceland
Regular jeans Levi's brand	$80.00	$130.91 ISK16,268	+63.6%
Regular dress from H&M or similar store	$60.00	$61.83 ISK7,684	+3.0%
Running shoes Nike or Adidas	$150.00	$163.81 ISK20,357	+9.2%
Men's business shoes (leather)	$100.00	$237.31 ISK29,491	+137.3%
Average			+53.3%

Turks and Caicos Islands vs. Iceland - 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 2026

Compare further: Turks and Caicos Islands vs. Iceland

Quality of Life Comparison · 6 statistics

Make 3.0 times more money in Iceland

Size Comparison · See true size

Turks and Caicos Islands is about 109 times smaller than Iceland.

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