Izmir vs Reykjavik - Cost of Living Comparison

Updated: March 02, 2025

	Izmir	Reykjavik
🚶 Cost of living one person	$909	$2938
👨‍👩‍👧‍👦 Cost of living Family	$2294	$5875
🏠 One person rent	$437	$1801
🏘️ Family rent	$792	$2674
🍽️ Food expenses	$290	$827
🚐 Transport expenses	$76.5	$90.1
💳 Monthly salary after tax	$681	$3761
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	13 km	4 km
🎓 Higher education	68	53
😀 Quality of life	68	89
🏙️ Population	2.95M	140K

The cost of living in Izmir is 69% less expensive than in Reykjavik. Cities ranked 5990th and 200th ($909 vs $2938) in the list of the most expensive cities in the world and ranked 8th 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 Izmir compared to 1.3 months in Reykjavik. Izmir ranked 3rd best city to live in Turkey vs Reykjavik ranked 1st in Iceland, while ranked 3369th and 194th among best cities to live in the world.

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Cost of living in Izmir vs Reykjavik infographic

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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	$8.23	$21.5
🥂 Dinner in a Restaurant, for 2	$35.8	$137
🥪 Fast food meal, equiv. McDonald's	$7.09	$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$3.26	$10.8
☕ Cappuccino	$2.9	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.29	$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$523	$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$352	$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$948	$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$662	$2456
🔌 Utility Bill one person, electricity, heating, water, etc.	$39	$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$60.1	$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$12.4	$71.4
🏦 Mortgage Interest Rate for 20 Years	35.03%	9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1738	$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1020	$5599
Transportation
🚌 Local transport ticket	$0.56	$4.52
🎟️ Monthly ticket local transport	$19.3	$75.8
🚕 Taxi Ride, 8 km or 5 mi	$5.93	$26.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.2	$2.23
Groceries
🥛 Milk, 1 L or 1 qt	$0.98	$1.66
🍞 Bread, 0.5 kg or 1.1 lb	$0.87	$3.74
🍚 Rice, 1 kg or 2.2 lb	$1.87	$3.24
🥚 Eggs, x12	$1.77	$5.94
🧀 Cheese, 1 kg or 2.2 lb	$10	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$6	$20.9
🥩 Round Steak, 1 kg or 2.2 lb	$18.5	$37
🍏 Apples, 1 kg or 2.2 lb	$1	$2.94
🍌 Banana, 1 kg or 2.2 lb	$2.01	$2.25
🍊 Oranges, 1 kg or 2.2 lb	$1.01	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$1.25	$4.73
🥔 Potato, 1 kg or 2.2 lb	$0.59	$3.26
🧅 Onion, 1 kg or 2.2 lb	$0.57	$2.11
🌊 Water, 1 L or 1 qt	$0.3	$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.83	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$9.56	$21.6
🍺 Beer, 0.5 L or 16 fl oz	$1.96	$3.26
🚬 Cigarette pack	$2.07	$12.3
💊 Cold medicince, 1 week	$3.06	$10.4
🧴 Hair Shampoo	$2.42	$5.23
🧻 Toilet paper, 4 rolls	$0.36	$4.55
👄 Toothpaste, 1 tube	$2.13	$3.2
Other
🏋️ Gym Membership, 1 month	$43.3	$73.2
🎫 Cinema Ticket, 1 person	$6.9	$15.9
👩‍⚕️ Doctor's visit	$58.6	$82.2
💇 Haircut, simple	$8.77	$45.6
👖 Brand Jeans	$44.2	$128
👟 Brand Sneakers	$105	$162
👶 Daycare or Preschool, 1 month	$409	$279
🏫 International Primary School, 1 year	$9671	$2532

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	$638
50 km or 31 mi	Turgutlu	$675
63 km or 39 mi	Kusadasi	$764
64 km or 39 mi	Tire	$681
87 km or 54 mi	Chios	$1099
87 km or 54 mi	Salihli	$677
88 km or 55 mi	Aydin	$655
93 km or 58 mi	Mytilene	$934
95 km or 59 mi	Soma	$679
117 km or 73 mi	Nazilli	$643
152 km or 94 mi	Balikesir	$707
155 km or 96 mi	Bodrum	$1038
171 km or 106 mi	Mugla	$773
185 km or 115 mi	Denizli	$477
192 km or 119 mi	Mykonos	$1838
199 km or 124 mi	Usak	$629
200 km or 124 mi	Marmaris	$1049
203 km or 126 mi	Canakkale	$690
227 km or 141 mi	Bandirma	$679
240 km or 149 mi	Rhodes	$1070
257 km or 160 mi	Bursa	$743
265 km or 164 mi	Fethiye	$843
268 km or 167 mi	Santorini	$1659
271 km or 168 mi	Kutahya	$568
276 km or 171 mi	Inegol	$708
286 km or 178 mi	Burdur	$554
288 km or 179 mi	Tekirdag	$661
292 km or 181 mi	Alexandroupoli	$911
292 km or 182 mi	Kifissia	$1265
298 km or 185 mi	Afyonkarahisar	$464
299 km or 186 mi	Nea Ionia	$1142
300 km or 186 mi	Nea Filadelfeia	$1131
302 km or 187 mi	Argyroupoli	$1284
302 km or 188 mi	Glyfada	$1437
303 km or 188 mi	Voula	$1296
303 km or 188 mi	Athens	$1272
304 km or 189 mi	Nea Smyrni	$1150
305 km or 189 mi	Kallithea	$1159
305 km or 190 mi	Peristeri	$1082
305 km or 190 mi	Palaio Faliro	$1258

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