Izmir vs Reykjavik - Cost of Living Comparison

Updated: March 11, 2026

	Izmir	Reykjavik
🚶 Cost of living one person	$1040	$3322
👨‍👩‍👧‍👦 Cost of living Family	$2612	$6846
🏠 One person rent	$516	$2058
🏘️ Family rent	$879	$3020
🍽️ Food expenses	$306	$916
🚐 Transport expenses	$131	$102
💳 Monthly salary after tax	$884	$4546
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	13 km	4 km
🎓 Higher education	70	52
😀 Quality of life	72	89
🏙️ Population	4.49M	139K

The cost of living in Izmir is 69% less expensive than in Reykjavik. Cities ranked 5367th and 86th ($1040 vs $3322) 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 0.9 months in Izmir compared to 1.4 months in Reykjavik. Izmir ranked 4th best city to live in Turkey vs Reykjavik ranked 1st in Iceland, while ranked 3283rd and 268th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Share this infographic!

Use the link below to embed the infographic from our site and automatically keep the data layer up to date.

If you prefer to download the image, please credit us as a source.

<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	$7.76	$28.6
🥂 Dinner in a Restaurant, for 2	$40.1	$90.8
🥪 Fast food meal, equiv. McDonald's	$8	$20.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$3.63	$12.6
☕ Cappuccino	$3.52	$6.19
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.46	$3.25
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$596	$2151
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$422	$1861
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1080	$3373
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$725	$2721
🔌 Utility Bill one person, electricity, heating, water, etc.	$46.6	$51.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$71.1	$81.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$12.6	$87.2
🏦 Mortgage Interest Rate for 20 Years	41.17%	8.79%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1484	$7832
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1011	$6385
Transportation
🚌 Local transport ticket	$0.68	$5.51
🎟️ Monthly ticket local transport	$43.6	$87.9
🚕 Taxi Ride, 8 km or 5 mi	$8.59	$29.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.17	$2.49
Groceries
🥛 Milk, 1 L or 1 qt	$1.03	$1.98
🍞 Bread, 0.5 kg or 1.1 lb	$0.75	$4.44
🍚 Rice, 1 kg or 2.2 lb	$1.81	$3.58
🥚 Eggs, x12	$2.3	$6.83
🧀 Cheese, 1 kg or 2.2 lb	$10.3	$19.7
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.21	$26
🥩 Round Steak, 1 kg or 2.2 lb	$20.5	$44.9
🍏 Apples, 1 kg or 2.2 lb	$1.6	$3.55
🍌 Banana, 1 kg or 2.2 lb	$2.35	$2.67
🍊 Oranges, 1 kg or 2.2 lb	$1.36	$3.41
🍅 Tomato, 1 kg or 2.2 lb	$1.37	$5.8
🥔 Potato, 1 kg or 2.2 lb	$0.57	$3.52
🧅 Onion, 1 kg or 2.2 lb	$0.46	$2.2
🌊 Water, 1 L or 1 qt	$0.49	$1.27
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.39	$3.01
🍾 Wine (mid-priced), 750 mL bottle	$12.8	$24.2
🍺 Beer, 0.5 L or 16 fl oz	$1.83	$3.95
🚬 Cigarette pack	$1.82	$14
💊 Cold medicince, 1 week	$2.23	$12.7
🧴 Hair Shampoo	$1.8	$5.93
🧻 Toilet paper, 4 rolls	$0.37	$5.26
👄 Toothpaste, 1 tube	$1.55	$3.63
Other
🏋️ Gym Membership, 1 month	$40	$95.3
🎫 Cinema Ticket, 1 person	$6.82	$18.6
👩‍⚕️ Doctor's visit	$43.3	$93.8
💇 Haircut, simple	$6.81	$46.1
👖 Brand Jeans	$40.6	$144
👟 Brand Sneakers	$82.6	$176
👶 Daycare or Preschool, 1 month	$718	$408
🏫 International Primary School, 1 year	$14664	$30361

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	$767
50 km or 31 mi	Turgutlu	$772
63 km or 39 mi	Kusadasi	$822
64 km or 39 mi	Tire	$724
87 km or 54 mi	Chios	$1272
87 km or 54 mi	Salihli	$742
88 km or 55 mi	Aydin	$627
93 km or 58 mi	Mytilene	$1079
95 km or 59 mi	Soma	$752
117 km or 73 mi	Nazilli	$680
152 km or 94 mi	Balikesir	$746
155 km or 96 mi	Bodrum	$937
171 km or 106 mi	Mugla	$803
185 km or 115 mi	Denizli	$550
192 km or 119 mi	Mykonos	$2084
199 km or 124 mi	Usak	$698
200 km or 124 mi	Marmaris	$893
203 km or 126 mi	Canakkale	$712
227 km or 141 mi	Bandirma	$731
240 km or 149 mi	Rhodes	$1322
257 km or 160 mi	Bursa	$894
265 km or 164 mi	Fethiye	$897
268 km or 167 mi	Santorini	$1900
271 km or 168 mi	Kutahya	$601
276 km or 171 mi	Inegol	$769
286 km or 178 mi	Burdur	$610
288 km or 179 mi	Tekirdag	$590
292 km or 181 mi	Alexandroupoli	$1029
292 km or 182 mi	Kifissia	$1426
298 km or 185 mi	Afyonkarahisar	$626
299 km or 186 mi	Nea Ionia	$1286
300 km or 186 mi	Nea Filadelfeia	$1279
302 km or 187 mi	Argyroupoli	$1468
302 km or 188 mi	Glyfada	$1663
303 km or 188 mi	Voula	$1497
303 km or 188 mi	Athens	$1462
304 km or 189 mi	Nea Smyrni	$1304
305 km or 189 mi	Kallithea	$1318
305 km or 190 mi	Peristeri	$1192
305 km or 190 mi	Palaio Faliro	$1410

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$3219
9.8 km or 6.1 mi	Hafnarfjorur	$3212
38 km or 24 mi	Keflavik	$2621
247 km or 153 mi	Akureyri	$2974
795 km or 494 mi	Torshavn	$2066
1204 km or 748 mi	Inverness	$2053
1230 km or 764 mi	Elgin	$1540
1300 km or 808 mi	Derry	$1620
1309 km or 813 mi	Greenock	$1645
1321 km or 821 mi	Aberdeen	$1848
1325 km or 823 mi	Perth	$1656
1328 km or 825 mi	Stirling	$1852
1331 km or 827 mi	Paisley	$1906
1333 km or 828 mi	Alloa	$1862
1337 km or 831 mi	Glasgow	$2121
1339 km or 832 mi	Dundee	$1585
1340 km or 833 mi	Omagh	$1769
1341 km or 833 mi	Cumbernauld	$1652
1342 km or 834 mi	Irvine	$1707
1348 km or 838 mi	East Kilbride	$1902
1349 km or 838 mi	Kilmarnock	$1568
1351 km or 839 mi	Dunfermline	$1782
1353 km or 841 mi	Hamilton	$1854
1357 km or 843 mi	Ayr	$1588
1360 km or 845 mi	Kirkcaldy	$1821
1365 km or 848 mi	Livingston	$1784
1372 km or 852 mi	Edinburgh	$2331
1382 km or 859 mi	Newtownabbey	$1892
1387 km or 862 mi	Belfast	$1954
1390 km or 864 mi	Bangor	$1496
1391 km or 864 mi	Lisburn	$1945
1401 km or 871 mi	Alesund	$1980
1413 km or 878 mi	Galway	$2978
1425 km or 886 mi	Dundalk	$2179
1431 km or 889 mi	Dumfries	$1490
1433 km or 891 mi	Nuuk	$2363
1441 km or 895 mi	Molde	$2135
1454 km or 903 mi	Kristiansund	$1984
1455 km or 904 mi	Drogheda	$2627
1455 km or 904 mi	Bergen	$2409