Cost of Living in Istanbul vs Reykjavik

Cost of living in Istanbul is 53% lower than in Reykjavik (without rent).

Rent in Istanbul is 67% cheaper than in Reykjavik.

Cost of living including rent in Istanbul is 61% lower than in Reykjavik.

Food in Istanbul is 63% cheaper than in Reykjavik.

Transport in Istanbul is 32% more expensive than in Reykjavik.

Istanbul vs. Reykjavik Comparision

Istanbul Reykjavik
Cost of Living, including rent
1,125 $
2,915 $
Without Rent
538 $
1,134 $
Rent & Utilities
587 $
1,781 $
Food
308 $
832 $
Transport
117 $
89 $
Monthly Salary, after tax
831 $
3,918 $
Quality of Life
77
89
Population
15.5M
140.0K

Compare other cities?

Istanbul Reykjavik

Restaurants

Lunch menu,
inexpensive restaurant
10.74 $ 22 $
Dinner, for 2 40.14 $ 125 $
Fast food, McDonalds or KFC 7.61 $ 18.5 $
Beer, 0.5 L or 16 fl oz 5.3 $ 11.1 $
Capuccino 3.32 $ 5.35 $
Coke, 330ml 1.42 $ 3.27 $

Markets

Milk, 1 L or 1 qt 1.09 $ 1.72 $
Bread, 0.5 kg or 1 lb 0.8 $ 3.66 $
Rice, 1 kg or 2 lb 2.14 $ 3.25 $
Eggs, 12 pack 2.24 $ 5.9 $
Cheese, 1 kg or 2 lb 10.34 $ 16 $
Chicken Breast, 1 kg or 2 lb 5.88 $ 21.4 $
Round Steak, 1 kg or 2 lb 19.22 $ 37.6 $
Apples, 1 kg or 2 lb 1.3 $ 3.07 $
Banana, 1 kg or 2 lb 1.91 $ 2.29 $
Oranges, 1 kg or 2 lb 1.23 $ 2.72 $
Potatoes, 1 kg or 2 lb 0.89 $ 3.21 $
Onions, 1 kg or 2 lb 0.78 $ 2.16 $
Water, 1 L or 1 qt 0.49 $ 1.37 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 1.49 $ 2.74 $
Wine, 750 mL bottle 13.77 $ 22 $
Beer, 0.5 L or 16 fl oz 2.02 $ 3.27 $
Cigarette pack 2.01 $ 12.2 $

Transport

Local transport ticket, One-way Ticket 0.69 $ 4.63 $
Monthly pass, Monthly Ticket 39.7 $ 77.2 $
Gas or petrol, 1 L or 0.26 gal 1.25 $ 2.29 $
Taxi, 8 km 5.27 $ 24.8 $

Personal Care

Doctor visit, private clinic 70.37 $ 84.7 $
Cold medicine, for 1 week 3.18 $ 11.6 $
Hair shampoo, 400 ml or 12 oz 3.73 $ 5.36 $
Toilet paper, 4 rolls 1.93 $ 4.68 $
Toothpaste, 1 tube 2.77 $ 3.32 $

Utilities per Month

Utility bill - 1 person,
electricity, heating, water & garbage
62.34 $ 44.2 $
Utility bill - family,
electricity, heating, water & garbage
94.73 $ 68.4 $
Internet plan,
+60 Mbps
13.47 $ 74.1 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 546.13 $ 1,626 $
3 Bedroom Apartment, outside of center, 85 sq.m 909.42 $ 2,552 $
1 Bedroom Apartment, in city center, 40 sq.m 987.74 $ 1,809 $
3 Bedroom Apartment, in city center, 85 sq.m 1,676.37 $ 2,822 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 4,443.25 $ 6,498 $
Price per Square Meter to Buy House, in suburbs 2,262.38 $ 5,311 $

Salaries and Financing

Average Monthly Net Salary, after tax 830.86 $ 3,918 $
Mortgage Interest Rate, for 20 years fixed-rate 23.25 % 8.55 %

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 57.67 $ 71.8 $
Cinema, 1 seat 5.86 $ 15.1 $
Haircut 14.82 $ 47.4 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 117.3 $ 155 $
Brand Jeans, Levis 501 51.8 $ 112 $

Childcare

Preschool, full day, monthly for 1 child 626 $ 254 $
International Primary School, yearly for 1 child 13,982 $ 6,167 $