Istanbul vs Reykjavik - Cost of Living Comparison

Updated:

Livingcost

Istanbul Reykjavik
🚶 Cost of living one person
$1248
$2938
👨‍👩‍👧‍👦 Cost of living Family
$3224
$5875
🏠 One person rent
$649
$1801
🏘️ Family rent
$1199
$2674
🍽️ Food expenses
$354
$827
🚐 Transport expenses
$125
$90.1
💳 Monthly salary after tax
$883
$3761
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
12 km
4 km
🎓 Higher education
95
53
😀 Quality of life
76
89
🏙️ Population
15.7M
140K

The cost of living in Istanbul is 58% less expensive than in Reykjavik. Cities ranked 4347th and 200th ($1248 vs $2938) in the list of the most expensive cities in the world and ranked 1st and 1st in Turkey and Iceland, respectively. Check Turkey vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 0.7 months in Istanbul compared to 1.3 months in Reykjavik. Istanbul ranked 1st best city to live in Turkey vs Reykjavik ranked 1st in Iceland, while ranked 850th and 194th among best cities to live in the world.

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Cost of living in Istanbul vs Reykjavik infographic

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Prices in Istanbul vs Reykjavik

Prices for goods and services in Istanbul and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

Istanbul Reykjavik
Eating Out
🍱 Lunch Menu
$11
$21.5
🥂 Dinner in a Restaurant, for 2
$49.1
$137
🥪 Fast food meal, equiv. McDonald's
$8.29
$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$4.14
$10.8
 Cappuccino
$3.37
$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.38
$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$853
$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$529
$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1671
$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$985
$2456
🔌 Utility Bill one person, electricity, heating, water, etc.
$41.3
$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$63.7
$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$13.4
$71.4
🏦 Mortgage Interest Rate for 20 Years
47.81%
9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$3233
$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1719
$5599
Transportation
🚌 Local transport ticket
$0.74
$4.52
🎟️ Monthly ticket local transport
$42.7
$75.8
🚕 Taxi Ride, 8 km or 5 mi
$5.79
$26.4
 Gas / Petrol, 1 L or 0.26 gal
$1.23
$2.23
Groceries
🥛 Milk, 1 L or 1 qt
$1.11
$1.66
🍞 Bread, 0.5 kg or 1.1 lb
$0.79
$3.74
🍚 Rice, 1 kg or 2.2 lb
$2.11
$3.24
🥚 Eggs, x12
$2.36
$5.94
🧀 Cheese, 1 kg or 2.2 lb
$9.72
$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.14
$20.9
🥩 Round Steak, 1 kg or 2.2 lb
$19.1
$37
🍏 Apples, 1 kg or 2.2 lb
$1.37
$2.94
🍌 Banana, 1 kg or 2.2 lb
$2.13
$2.25
🍊 Oranges, 1 kg or 2.2 lb
$1.2
$2.73
🍅 Tomato, 1 kg or 2.2 lb
$1.56
$4.73
🥔 Potato, 1 kg or 2.2 lb
$0.61
$3.26
🧅 Onion, 1 kg or 2.2 lb
$0.61
$2.11
🌊 Water, 1 L or 1 qt
$0.38
$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.49
$2.69
🍾 Wine (mid-priced), 750 mL bottle
$11.1
$21.6
🍺 Beer, 0.5 L or 16 fl oz
$2.18
$3.26
🚬 Cigarette pack
$2.19
$12.3
💊 Cold medicince, 1 week
$5.59
$10.4
🧴 Hair Shampoo
$3.23
$5.23
🧻 Toilet paper, 4 rolls
$2.91
$4.55
👄 Toothpaste, 1 tube
$2.38
$3.2
Other
🏋️ Gym Membership, 1 month
$54.7
$73.2
🎫 Cinema Ticket, 1 person
$6.81
$15.9
👩‍⚕️ Doctor's visit
$78.3
$82.2
💇 Haircut, simple
$8.76
$45.6
👖 Brand Jeans
$58.1
$128
👟 Brand Sneakers
$103
$162
👶 Daycare or Preschool, 1 month
$815
$279
🏫 International Primary School, 1 year
$17728
$2532

Cost of living in other countries

IstanbulReykjavik

Cost of living

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Cost of Living in the nearest cities

Cities near Istanbul

Distance City Cost of living
40 km or 25 mi Cayirova
$599
46 km or 28 mi Gebze
$573
73 km or 45 mi Korfez
$782
79 km or 49 mi Kocaeli
$718
83 km or 51 mi Golcuk
$835
87 km or 54 mi Izmit
$1113
91 km or 56 mi Kapakli
$701
92 km or 57 mi Bursa
$743
96 km or 59 mi Kartepe
$872
98 km or 61 mi Corlu
$690
111 km or 69 mi Bandirma
$679
113 km or 70 mi Inegol
$708
121 km or 75 mi Tekirdag
$661
124 km or 77 mi Adapazari
$455
124 km or 77 mi Sakarya
$547
129 km or 80 mi Bilecik
$755
141 km or 88 mi Luleburgaz
$661
166 km or 103 mi Kirklareli
$642
176 km or 110 mi Balikesir
$707
186 km or 115 mi Duzce
$535
190 km or 118 mi Eskisehir
$691
192 km or 120 mi Uzunkopru
$652
197 km or 122 mi Kutahya
$568
207 km or 129 mi Burgas
$721
208 km or 129 mi Karadeniz Eregli
$626
214 km or 133 mi Edirne
$624
224 km or 139 mi Bolu
$616
234 km or 145 mi Soma
$679
236 km or 147 mi Canakkale
$690
259 km or 161 mi Varna
$892
260 km or 162 mi Alexandroupoli
$911
261 km or 162 mi Yambol
$546
261 km or 162 mi Usak
$629
284 km or 177 mi Afyonkarahisar
$464
287 km or 178 mi Sliven
$631
290 km or 180 mi Salihli
$677
290 km or 180 mi Bartin
$710
295 km or 184 mi Manisa
$638
296 km or 184 mi Mytilene
$934
299 km or 186 mi Komotini
$899

Cities near Reykjavik

Distance City Cost of living
6.8 km or 4.2 mi Kopavogur
$2802
9.8 km or 6.1 mi Hafnarfjorur
$2817
38 km or 24 mi Keflavik
$2355
247 km or 153 mi Akureyri
$2678
795 km or 494 mi Torshavn
$1828
1204 km or 748 mi Inverness
$1722
1230 km or 764 mi Elgin
$1393
1300 km or 808 mi Derry
$1390
1309 km or 813 mi Greenock
$1601
1321 km or 821 mi Aberdeen
$1614
1325 km or 823 mi Perth
$1500
1328 km or 825 mi Stirling
$1604
1331 km or 827 mi Paisley
$1765
1333 km or 828 mi Alloa
$1649
1337 km or 831 mi Glasgow
$2011
1339 km or 832 mi Dundee
$1482
1340 km or 833 mi Omagh
$1562
1341 km or 833 mi Cumbernauld
$1475
1342 km or 834 mi Irvine
$1551
1348 km or 838 mi East Kilbride
$1763
1349 km or 838 mi Kilmarnock
$1480
1351 km or 839 mi Dunfermline
$1692
1353 km or 841 mi Hamilton
$1699
1357 km or 843 mi Ayr
$1404
1360 km or 845 mi Kirkcaldy
$1610
1365 km or 848 mi Livingston
$1608
1372 km or 852 mi Edinburgh
$2140
1382 km or 859 mi Newtownabbey
$1692
1387 km or 862 mi Belfast
$1755
1390 km or 864 mi Bangor
$1382
1391 km or 864 mi Lisburn
$1713
1401 km or 871 mi Alesund
$1603
1413 km or 878 mi Galway
$2297
1425 km or 886 mi Dundalk
$1767
1431 km or 889 mi Dumfries
$1246
1433 km or 891 mi Nuuk
$2031
1441 km or 895 mi Molde
$1813
1454 km or 903 mi Kristiansund
$1700
1455 km or 904 mi Drogheda
$2628
1455 km or 904 mi Bergen
$2006