Cost of living comparison

Turks and Caicos Islands

compared to

Iceland

Iceland vs. Turks and Caicos Islands Cost of Living Summary

Iceland is 3.9% more expensive than Turks and Caicos Islands overall.

Restaurants: pay 65.7% more in Iceland
Groceries: pay 16.0% less in Iceland
Transportation: pay 1.7% less in Iceland
Housing: pay 12.7% less in Iceland
Childcare: pay 88.7% more in Iceland
Entertainment and Sports: pay 19.6% more in Iceland
Clothing: pay 45.3% more in Iceland

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

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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 65.7% more for restaurants

	Turks and Caicos Islands	Iceland
Basic meal with drink at inexpensive restaurant	$18.00	$28.88 ISK3,499	+60.4%
Fast food combo meal McDonalds, or similar	$11.00	$22.83 ISK2,767	+107.6%
Bottle of Coca-Cola (11 fl. oz)	$3.00	$3.25 ISK393	+8.2%
Bottle of water (11 fl. oz)	$2.25	$3.01 ISK365	+33.8%
Average			+65.7%

Turks and Caicos Islands vs. Iceland - Cost of restaurants

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pay 16.0% less for groceries

	Turks and Caicos Islands	Iceland
Bread 1 loaf	$6.00	$3.55 ISK431	-40.8%
Local cheese (8 oz)	??	$10.11 ISK1,226
Milk (1 gallon)	$18.22	$7.79 ISK944	-57.2%
Eggs 1 dozen	??	$6.92 ISK839
Boneless chicken breast (1 lb)	$9.07	$11.01 ISK1,334	+21.4%
Apples (1 lb)	$1.81	$1.43 ISK173	-21.4%
Bananas (1 lb)	$1.04	$1.23 ISK148	+17.5%
Oranges (1 lb)	$1.13	$1.42 ISK172	+24.9%
Tomatoes (1 lb)	??	$2.60 ISK315
Potatoes (1 lb)	??	$1.71 ISK207
Onions (1 lb)	$0.91	$0.76 ISK92	-16.6%
Average			-16.0%

Turks and Caicos Islands vs. Iceland - Cost of groceries

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pay 1.7% less for transportation

	Turks and Caicos Islands	Iceland
Gasoline (1 gallon)	$8.22	$8.09 ISK980	-1.7%
Monthly public transit pass	??	$80.58 ISK9,765
New Volkswagen Golf 1.4 (standard edition)	??	$48,967.53 ISK6M
Taxi trip in downtown area (5 miles)	??	$26.24 ISK3,179
Average			-1.7%

Turks and Caicos Islands vs. Iceland - Cost of transportation

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pay 12.7% less for housing

	Turks and Caicos Islands	Iceland
Internet connection 50 mbps or faster, cable/dsl	$142.00	$98.24 ISK11,905	-30.8%
1-Bedroom apartment in downtown area	$1,766.67	$2,335.24 ISK283K	+32.2%
1-Bedroom apartment outside city center	$1,883.33	$1,824.40 ISK221K	-3.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$305.88	$72.34 ISK8,766	-76.4%
Average			-12.7%

Turks and Caicos Islands vs. Iceland - Cost of housing

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pay 88.7% more for childcare

	Turks and Caicos Islands	Iceland
Private preschool for 1 child, monthly	$500.00	$833.66 ISK101K	+66.7%
Middle school for 1 child, two semesters	$13,000.00	$27,752.37 ISK3M	+113.5%
Average			+88.7%

Turks and Caicos Islands vs. Iceland - Cost of childcare

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pay 19.6% more for entertainment and sports

	Turks and Caicos Islands	Iceland
Domestic/local beer (1 pint)	$5.00	$11.37 ISK1,378	+127.5%
Cappuccino in mid-range area	$6.00	$5.90 ISK715	-1.7%
Pack of cigarettes Marlboro or similar	??	$13.85 ISK1,679
Monthly membership at local gym	$100.00	$83.64 ISK10,136	-16.4%
Movie ticket to theater/cinema	??	$17.92 ISK2,171
Average			+19.6%

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

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pay 45.3% more for clothing

	Turks and Caicos Islands	Iceland
Regular jeans Levi's brand	$80.00	$134.47 ISK16,295	+68.1%
Regular dress from H&M or similar store	$60.00	$63.25 ISK7,664	+5.4%
Running shoes Nike or Adidas	$150.00	$159.03 ISK19,271	+6.0%
Men's business shoes (leather)	$100.00	$237.19 ISK28,742	+137.2%
Average			+45.3%

Turks and Caicos Islands vs. Iceland - Cost of clothing

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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: Turks and Caicos Islands vs. Iceland

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Quality of Life Comparison · 7 statistics

Make 2.6 times more money in Iceland

Size Comparison · See true size

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

Moving from Turks and Caicos Islands to Iceland · Cost, visas & climate

Compare cost of living, salary and climate.

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