Izmir vs Reykjavik - Cost of Living Comparison

Updated: June 21, 2026

	Izmir	Reykjavik
🚶 Cost of living one person	$1038	$3205
👨‍👩‍👧‍👦 Cost of living Family	$2665	$6762
🏠 One person rent	$504	$1954
🏘️ Family rent	$895	$2956
🍽️ Food expenses	$312	$904
🚐 Transport expenses	$132	$100
💳 Monthly salary after tax	$1119	$4423
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	13 km	4 km
🎓 Higher education	70	53
😀 Quality of life	73	88
🏙️ Population	4.49M	139K

The cost of living in Izmir is 68% less expensive than in Reykjavik. Cities ranked 5281st and 119th ($1038 vs $3205) in the list of the most expensive cities in the world and ranked 3rd and 1st in Turkey and Iceland, respectively. Check Turkey vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 1.1 months in Izmir compared to 1.4 months in Reykjavik. Izmir ranked 3rd best city to live in Turkey vs Reykjavik ranked 1st in Iceland, while ranked 2402nd and 258th among best cities to live in the world.

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the estimated difference in money purchasing power

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<img src="https://livingcost.org/assets/photo/cost/izmir/reykjavik.jpg" alt="Cost of living in Izmir vs Reykjavik infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/izmir/reykjavik" target="_blank">Izmir vs Reykjavik - Cost of Living Comparison</a></p>

Prices in Izmir vs Reykjavik

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

	Izmir	Reykjavik
Eating Out
🍱 Lunch Menu	$8.65	$28.3
🥂 Dinner in a Restaurant, for 2	$40.7	$97.9
🥪 Fast food meal, equiv. McDonald's	$8.32	$20
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$3.52	$13.4
☕ Cappuccino	$3.62	$6.5
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.56	$3.26
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$585	$2129
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$405	$1743
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1068	$3328
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$740	$2660
🔌 Utility Bill one person, electricity, heating, water, etc.	$49.2	$52.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$74.9	$80.3
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$14.2	$82
🏦 Mortgage Interest Rate for 20 Years	41.09%	8.69%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1577	$7748
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1074	$6175
Transportation
🚌 Local transport ticket	$0.7	$5.38
🎟️ Monthly ticket local transport	$36.7	$90.3
🚕 Taxi Ride, 8 km or 5 mi	$9.97	$28.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.25	$2.12
Groceries
🥛 Milk, 1 L or 1 qt	$1.09	$2.04
🍞 Bread, 0.5 kg or 1.1 lb	$0.76	$4.21
🍚 Rice, 1 kg or 2.2 lb	$1.68	$3.46
🥚 Eggs, x12	$2.4	$6.99
🧀 Cheese, 1 kg or 2.2 lb	$9.89	$20.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.18	$24.8
🥩 Round Steak, 1 kg or 2.2 lb	$22.3	$44.1
🍏 Apples, 1 kg or 2.2 lb	$1.75	$3.41
🍌 Banana, 1 kg or 2.2 lb	$2.18	$2.66
🍊 Oranges, 1 kg or 2.2 lb	$1.24	$3.17
🍅 Tomato, 1 kg or 2.2 lb	$1.4	$5.99
🥔 Potato, 1 kg or 2.2 lb	$0.51	$3.65
🧅 Onion, 1 kg or 2.2 lb	$0.39	$1.89
🌊 Water, 1 L or 1 qt	$0.49	$1.16
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.45	$3
🍾 Wine (mid-priced), 750 mL bottle	$12.6	$23.2
🍺 Beer, 0.5 L or 16 fl oz	$1.98	$3.72
🚬 Cigarette pack	$2.04	$13.5
💊 Cold medicince, 1 week	$1.92	$11.6
🧴 Hair Shampoo	$1.52	$5.76
🧻 Toilet paper, 4 rolls	$0.43	$5.18
👄 Toothpaste, 1 tube	$1.3	$3.63
Other
🏋️ Gym Membership, 1 month	$46.3	$90.3
🎫 Cinema Ticket, 1 person	$7.89	$19.2
👩‍⚕️ Doctor's visit	$37	$92.8
💇 Haircut, simple	$5.76	$47.2
👖 Brand Jeans	$46.8	$146
👟 Brand Sneakers	$87.9	$178
👶 Daycare or Preschool, 1 month	$709	$472
🏫 International Primary School, 1 year	$15843	$30029

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Izmir

Distance	City	Cost of living
34 km or 21 mi	Manisa	$743
50 km or 31 mi	Turgutlu	$760
63 km or 39 mi	Kusadasi	$883
64 km or 39 mi	Tire	$719
87 km or 54 mi	Chios	$1253
87 km or 54 mi	Salihli	$743
88 km or 55 mi	Aydin	$617
93 km or 58 mi	Mytilene	$1060
95 km or 59 mi	Soma	$741
117 km or 73 mi	Nazilli	$682
152 km or 94 mi	Balikesir	$750
155 km or 96 mi	Bodrum	$953
171 km or 106 mi	Mugla	$811
185 km or 115 mi	Denizli	$554
192 km or 119 mi	Mykonos	$2043
199 km or 124 mi	Usak	$702
200 km or 124 mi	Marmaris	$875
203 km or 126 mi	Canakkale	$699
227 km or 141 mi	Bandirma	$724
240 km or 149 mi	Rhodes	$1311
257 km or 160 mi	Bursa	$866
265 km or 164 mi	Fethiye	$933
268 km or 167 mi	Santorini	$1863
271 km or 168 mi	Kutahya	$606
276 km or 171 mi	Inegol	$763
286 km or 178 mi	Burdur	$600
288 km or 179 mi	Tekirdag	$593
292 km or 181 mi	Alexandroupoli	$1030
292 km or 182 mi	Kifissia	$1403
298 km or 185 mi	Afyonkarahisar	$641
299 km or 186 mi	Nea Ionia	$1264
300 km or 186 mi	Nea Filadelfeia	$1253
302 km or 187 mi	Argyroupoli	$1439
302 km or 188 mi	Glyfada	$1636
303 km or 188 mi	Voula	$1472
303 km or 188 mi	Athens	$1439
304 km or 189 mi	Nea Smyrni	$1298
305 km or 189 mi	Kallithea	$1307
305 km or 190 mi	Peristeri	$1160
305 km or 190 mi	Palaio Faliro	$1386

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$3092
9.8 km or 6.1 mi	Hafnarfjorur	$3106
38 km or 24 mi	Keflavik	$2581
247 km or 153 mi	Akureyri	$2921
795 km or 494 mi	Torshavn	$2017
1204 km or 748 mi	Inverness	$2005
1230 km or 764 mi	Elgin	$1523
1300 km or 808 mi	Derry	$1646
1309 km or 813 mi	Greenock	$1647
1321 km or 821 mi	Aberdeen	$1806
1325 km or 823 mi	Perth	$1640
1328 km or 825 mi	Stirling	$1835
1331 km or 827 mi	Paisley	$1885
1333 km or 828 mi	Alloa	$1842
1337 km or 831 mi	Glasgow	$2114
1339 km or 832 mi	Dundee	$1593
1340 km or 833 mi	Omagh	$1763
1341 km or 833 mi	Cumbernauld	$1611
1342 km or 834 mi	Irvine	$1704
1348 km or 838 mi	East Kilbride	$1878
1349 km or 838 mi	Kilmarnock	$1600
1351 km or 839 mi	Dunfermline	$1750
1353 km or 841 mi	Hamilton	$1831
1357 km or 843 mi	Ayr	$1586
1360 km or 845 mi	Kirkcaldy	$1794
1365 km or 848 mi	Livingston	$1760
1372 km or 852 mi	Edinburgh	$2295
1382 km or 859 mi	Newtownabbey	$1820
1387 km or 862 mi	Belfast	$1878
1390 km or 864 mi	Bangor	$1485
1391 km or 864 mi	Lisburn	$1923
1401 km or 871 mi	Alesund	$2021
1413 km or 878 mi	Galway	$3003
1425 km or 886 mi	Dundalk	$2264
1431 km or 889 mi	Dumfries	$1456
1433 km or 891 mi	Nuuk	$2508
1441 km or 895 mi	Molde	$2101
1454 km or 903 mi	Kristiansund	$1944
1455 km or 904 mi	Drogheda	$2518
1455 km or 904 mi	Bergen	$2336