Cost of Living Comparison Between Turkey and Iceland 
| Indices Difference |  |
|---|---|
| Cost of Living in Iceland is 137.1% higher than in Turkey (without rent) | |
| Cost of Living Including Rent in Iceland is 159.6% higher than in Turkey | |
| Rent Prices in Iceland are 236.4% higher than in Turkey | |
| Restaurant Prices in Iceland are 174.7% higher than in Turkey | |
| Groceries Prices in Iceland are 150.5% higher than in Turkey | |
| Local Purchasing Power in Iceland is 137.6% higher than in Turkey | |
Restaurants | Turkey Edit |
Iceland Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
300.00 TL (1,192.46 kr) |
754.74 TL (3,000.00 kr) |
+151.6 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
1,200.00 TL (4,769.82 kr) |
4,528.47 TL (18,000.00 kr) |
+277.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
260.00 TL (1,033.46 kr) |
628.95 TL (2,500.00 kr) |
+141.9 % |
| Domestic Beer (1 pint draught) |
110.00 TL (437.23 kr) |
377.37 TL (1,500.00 kr) |
+243.1 % |
| Imported Beer (12 oz small bottle) |
150.00 TL (596.23 kr) |
339.64 TL (1,350.00 kr) |
+126.4 % |
| Cappuccino (regular) |
104.57 TL (415.66 kr) |
186.60 TL (741.69 kr) |
+78.4 % |
| Coke/Pepsi (12 oz small bottle) |
44.63 TL (177.42 kr) |
105.46 TL (419.18 kr) |
+136.3 % |
| Water (12 oz small bottle) |
16.19 TL (64.34 kr) |
81.99 TL (325.88 kr) |
+406.5 % |
Markets | Turkey Edit |
Iceland Edit | |
| Milk (regular), (1 gallon) |
125.20 TL (497.63 kr) |
225.01 TL (894.40 kr) |
+79.7 % |
| Loaf of Fresh White Bread (1 lb) |
30.91 TL (122.86 kr) |
116.75 TL (464.07 kr) |
+277.7 % |
| Rice (white), (1 lb) |
27.89 TL (110.85 kr) |
48.99 TL (194.71 kr) |
+75.6 % |
| Eggs (regular) (12) |
58.84 TL (233.90 kr) |
202.06 TL (803.14 kr) |
+243.4 % |
| Local Cheese (1 lb) |
159.11 TL (632.43 kr) |
253.63 TL (1,008.15 kr) |
+59.4 % |
| Chicken Fillets (1 lb) |
89.61 TL (356.19 kr) |
329.30 TL (1,308.92 kr) |
+267.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
294.46 TL (1,170.44 kr) |
563.86 TL (2,241.25 kr) |
+91.5 % |
| Apples (1 lb) |
15.47 TL (61.49 kr) |
46.10 TL (183.25 kr) |
+198.0 % |
| Banana (1 lb) |
31.72 TL (126.09 kr) |
35.23 TL (140.03 kr) |
+11.1 % |
| Oranges (1 lb) |
16.13 TL (64.13 kr) |
41.57 TL (165.23 kr) |
+157.7 % |
| Tomato (1 lb) |
19.03 TL (75.64 kr) |
75.41 TL (299.76 kr) |
+296.3 % |
| Potato (1 lb) |
8.71 TL (34.62 kr) |
51.58 TL (205.04 kr) |
+492.2 % |
| Onion (1 lb) |
8.01 TL (31.83 kr) |
31.41 TL (124.84 kr) |
+292.3 % |
| Lettuce (1 head) |
35.38 TL (140.63 kr) |
104.13 TL (413.88 kr) |
+194.3 % |
| Water (1.5 liter bottle) |
12.64 TL (50.24 kr) |
75.88 TL (301.62 kr) |
+500.3 % |
| Bottle of Wine (Mid-Range) |
350.00 TL (1,391.20 kr) |
754.74 TL (3,000.00 kr) |
+115.6 % |
| Domestic Beer (0.5 liter bottle) |
70.23 TL (279.14 kr) |
112.16 TL (445.82 kr) |
+59.7 % |
| Imported Beer (12 oz small bottle) |
93.62 TL (372.14 kr) |
95.24 TL (378.56 kr) |
+1.7 % |
| Cigarettes 20 Pack (Marlboro) |
75.00 TL (298.11 kr) |
433.98 TL (1,725.00 kr) |
+478.6 % |
Transportation | Turkey Edit |
Iceland Edit | |
| One-way Ticket (Local Transport) |
20.00 TL (79.50 kr) |
158.50 TL (630.00 kr) |
+692.5 % |
| Monthly Pass (Regular Price) |
1,177.00 TL (4,678.40 kr) |
2,616.45 TL (10,400.00 kr) |
+122.3 % |
| Taxi Start (Normal Tariff) |
31.92 TL (126.88 kr) |
198.75 TL (790.00 kr) |
+522.6 % |
| Taxi 1 mile (Normal Tariff) |
36.85 TL (146.49 kr) |
131.18 TL (521.43 kr) |
+255.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
254.32 TL (1,010.88 kr) |
2,671.80 TL (10,620.00 kr) |
+950.6 % |
| Gasoline (1 gallon) |
159.05 TL (632.22 kr) |
296.83 TL (1,179.86 kr) |
+86.6 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
1,542,000.00 TL (6,129,224.16 kr) |
1,509,489.58 TL (6,000,000.00 kr) |
-2.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
1,503,189.56 TL (5,974,958.35 kr) |
1,642,109.02 TL (6,527,142.86 kr) |
+9.2 % |
Utilities (Monthly) | Turkey Edit |
Iceland Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
2,103.06 TL (8,359.34 kr) |
2,757.96 TL (10,962.50 kr) |
+31.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
339.31 TL (1,348.69 kr) |
861.92 TL (3,426.00 kr) |
+154.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
435.65 TL (1,731.63 kr) |
2,599.14 TL (10,331.19 kr) |
+496.6 % |
Sports And Leisure | Turkey Edit |
Iceland Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
1,416.07 TL (5,628.68 kr) |
2,510.47 TL (9,978.76 kr) |
+77.3 % |
| Tennis Court Rent (1 Hour on Weekend) |
524.32 TL (2,084.11 kr) |
1,326.19 TL (5,271.43 kr) |
+152.9 % |
| Cinema, International Release, 1 Seat |
200.00 TL (794.97 kr) |
515.74 TL (2,050.00 kr) |
+157.9 % |
Childcare | Turkey Edit |
Iceland Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
16,818.14 TL (66,849.66 kr) |
10,353.79 TL (41,154.82 kr) |
-38.4 % |
| International Primary School, Yearly for 1 Child |
370,964.74 TL (1,474,530.50 kr) |
88,053.56 TL (350,000.00 kr) |
-76.3 % |
Clothing And Shoes | Turkey Edit |
Iceland Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
1,831.50 TL (7,279.96 kr) |
4,310.06 TL (17,131.86 kr) |
+135.3 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
1,430.03 TL (5,684.15 kr) |
1,992.53 TL (7,920.00 kr) |
+39.3 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
3,447.74 TL (13,704.28 kr) |
5,567.90 TL (22,131.59 kr) |
+61.5 % |
| 1 Pair of Men Leather Business Shoes |
2,983.39 TL (11,858.54 kr) |
7,384.22 TL (29,351.18 kr) |
+147.5 % |
Rent Per Month | Turkey Edit |
Iceland Edit | |
| Apartment (1 bedroom) in City Centre |
20,796.35 TL (82,662.45 kr) |
69,670.75 TL (276,931.03 kr) |
+235.0 % |
| Apartment (1 bedroom) Outside of Centre |
14,496.45 TL (57,621.25 kr) |
62,591.77 TL (248,793.10 kr) |
+331.8 % |
| Apartment (3 bedrooms) in City Centre |
35,200.96 TL (139,918.66 kr) |
99,113.47 TL (393,961.54 kr) |
+181.6 % |
| Apartment (3 bedrooms) Outside of Centre |
23,752.53 TL (94,412.84 kr) |
85,711.91 TL (340,692.31 kr) |
+260.9 % |
Buy Apartment Price | Turkey Edit |
Iceland Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
6,140.55 TL (24,407.80 kr) |
20,827.65 TL (82,786.85 kr) |
+239.2 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
3,726.19 TL (14,811.05 kr) |
17,469.59 TL (69,439.07 kr) |
+368.8 % |
Salaries And Financing | Turkey Edit |
Iceland Edit | |
| Average Monthly Net Salary (After Tax) |
24,818.50 TL (98,649.92 kr) |
153,066.55 TL (608,417.12 kr) |
+516.7 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 39.58 | 9.48 | -76.0 % |
| Last update: | January 2025 | January 2025 | |
| Contributors in the past 12 months: | 1804 | 134 |
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