Izmir vs Reykjavik - Cost of Living Comparison

Updated: October 10, 2024

	Izmir	Reykjavik
🚶 Cost of living one person	$892	$2915
👨‍👩‍👧‍👦 Cost of living Family	$2222	$5968
🏠 One person rent	$431	$1781
🏘️ Family rent	$753	$2749
🍽️ Food expenses	$282	$832
🚐 Transport expenses	$74.6	$88.7
💳 Monthly salary after tax	$706	$3918
😷 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 6157th and 204th ($892 vs $2915) in the list of the most expensive cities in the world and ranked 6th and 1st in Turkey and Iceland, respectively. Check Turkey vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 0.8 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 3155th and 189th 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	$8.74	$22
🥂 Dinner in a Restaurant, for 2	$29.2	$125
🥪 Fast food meal, equiv. McDonald's	$7.25	$18.5
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.48	$11.1
☕ Cappuccino	$2.52	$5.35
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.14	$3.27
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$526	$1809
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$344	$1626
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$911	$2822
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$625	$2552
🔌 Utility Bill one person, electricity, heating, water, etc.	$38.7	$44.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$59.3	$68.4
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$11.8	$74.1
🏦 Mortgage Interest Rate for 20 Years	29.09%	8.55%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1878	$6498
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1054	$5311
Transportation
🚌 Local transport ticket	$0.44	$4.63
🎟️ Monthly ticket local transport	$17.7	$77.2
🚕 Taxi Ride, 8 km or 5 mi	$6.05	$24.8
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.21	$2.29
Groceries
🥛 Milk, 1 L or 1 qt	$1.04	$1.72
🍞 Bread, 0.5 kg or 1.1 lb	$0.97	$3.66
🍚 Rice, 1 kg or 2.2 lb	$1.84	$3.25
🥚 Eggs, x12	$1.68	$5.9
🧀 Cheese, 1 kg or 2.2 lb	$9.83	$16
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.87	$21.4
🥩 Round Steak, 1 kg or 2.2 lb	$19.1	$37.6
🍏 Apples, 1 kg or 2.2 lb	$0.9	$3.07
🍌 Banana, 1 kg or 2.2 lb	$1.94	$2.29
🍊 Oranges, 1 kg or 2.2 lb	$0.94	$2.72
🍅 Tomato, 1 kg or 2.2 lb	$1.13	$4.99
🥔 Potato, 1 kg or 2.2 lb	$0.59	$3.21
🧅 Onion, 1 kg or 2.2 lb	$0.55	$2.16
🌊 Water, 1 L or 1 qt	$0.29	$1.37
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.32	$2.74
🍾 Wine (mid-priced), 750 mL bottle	$8.8	$22
🍺 Beer, 0.5 L or 16 fl oz	$1.99	$3.27
🚬 Cigarette pack	$1.91	$12.2
💊 Cold medicince, 1 week	$3.23	$11.6
🧴 Hair Shampoo	$2.59	$5.36
🧻 Toilet paper, 4 rolls	$0.39	$4.68
👄 Toothpaste, 1 tube	$2.28	$3.32
Other
🏋️ Gym Membership, 1 month	$41.2	$71.8
🎫 Cinema Ticket, 1 person	$5.13	$15.1
👩‍⚕️ Doctor's visit	$63.2	$84.7
💇 Haircut, simple	$9.56	$47.4
👖 Brand Jeans	$45.1	$112
👟 Brand Sneakers	$106	$155
👶 Daycare or Preschool, 1 month	$392	$254
🏫 International Primary School, 1 year	$9132	$6167

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	$612
50 km or 31 mi	Turgutlu	$652
63 km or 39 mi	Kusadasi	$743
64 km or 39 mi	Tire	$663
87 km or 54 mi	Chios	$1198
87 km or 54 mi	Salihli	$657
88 km or 55 mi	Aydin	$638
93 km or 58 mi	Mytilene	$899
95 km or 59 mi	Soma	$642
117 km or 73 mi	Nazilli	$600
152 km or 94 mi	Balikesir	$584
155 km or 96 mi	Bodrum	$868
171 km or 106 mi	Mugla	$741
185 km or 115 mi	Denizli	$508
192 km or 119 mi	Mykonos	$1956
199 km or 124 mi	Usak	$648
200 km or 124 mi	Marmaris	$1077
203 km or 126 mi	Canakkale	$668
227 km or 141 mi	Bandirma	$655
240 km or 149 mi	Rhodes	$1095
257 km or 160 mi	Bursa	$789
265 km or 164 mi	Fethiye	$876
268 km or 167 mi	Santorini	$1769
271 km or 168 mi	Kutahya	$700
276 km or 171 mi	Inegol	$690
286 km or 178 mi	Burdur	$553
288 km or 179 mi	Tekirdag	$705
292 km or 181 mi	Alexandroupoli	$999
292 km or 182 mi	Kifissia	$1459
298 km or 185 mi	Afyonkarahisar	$463
299 km or 186 mi	Nea Ionia	$1278
300 km or 186 mi	Nea Filadelfeia	$1262
302 km or 187 mi	Argyroupoli	$1399
302 km or 188 mi	Glyfada	$1528
303 km or 188 mi	Voula	$1399
303 km or 188 mi	Athens	$1366
304 km or 189 mi	Nea Smyrni	$1258
305 km or 189 mi	Kallithea	$1257
305 km or 190 mi	Peristeri	$1228
305 km or 190 mi	Palaio Faliro	$1346

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2371
9.8 km or 6.1 mi	Hafnarfjorur	$2602
38 km or 24 mi	Keflavik	$2091
247 km or 153 mi	Akureyri	$2300
795 km or 494 mi	Torshavn	$1913
1204 km or 748 mi	Inverness	$1830
1230 km or 764 mi	Elgin	$1459
1300 km or 808 mi	Derry	$1491
1309 km or 813 mi	Greenock	$1599
1321 km or 821 mi	Aberdeen	$1701
1325 km or 823 mi	Perth	$1647
1328 km or 825 mi	Stirling	$1625
1331 km or 827 mi	Paisley	$1793
1333 km or 828 mi	Alloa	$1710
1337 km or 831 mi	Glasgow	$2013
1339 km or 832 mi	Dundee	$1545
1340 km or 833 mi	Omagh	$1650
1341 km or 833 mi	Cumbernauld	$1767
1342 km or 834 mi	Irvine	$1573
1348 km or 838 mi	East Kilbride	$1818
1349 km or 838 mi	Kilmarnock	$1470
1351 km or 839 mi	Dunfermline	$1724
1353 km or 841 mi	Hamilton	$1793
1357 km or 843 mi	Ayr	$1420
1360 km or 845 mi	Kirkcaldy	$1704
1365 km or 848 mi	Livingston	$1744
1372 km or 852 mi	Edinburgh	$2246
1382 km or 859 mi	Newtownabbey	$1767
1387 km or 862 mi	Belfast	$1830
1390 km or 864 mi	Bangor	$1467
1391 km or 864 mi	Lisburn	$1805
1401 km or 871 mi	Alesund	$1657
1413 km or 878 mi	Galway	$2427
1425 km or 886 mi	Dundalk	$1930
1431 km or 889 mi	Dumfries	$1390
1433 km or 891 mi	Nuuk	$2125
1441 km or 895 mi	Molde	$1969
1454 km or 903 mi	Kristiansund	$1752
1455 km or 904 mi	Drogheda	$2492
1455 km or 904 mi	Bergen	$2161