Last update: Oct 2026

Cost of Living Comparison Between Egilsstadir and Istanbul

For one person, living is cheaper in Egilsstadir: $623 a month against $1,526 in Istanbul, rent and utilities included – about $10,800 less a year. Rent and utilities account for most of the difference.

74

Cost of Living Index in Istanbul
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Istanbul Living Index

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Egilsstadir

🇮🇸 Iceland

$623

/mo nomad

Istanbul

🇹🇷 Turkey

$1,526

/mo nomad

Monthly Cost of Living

How much you'll spend in Egilsstadir and in Istanbul

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Egilsstadir and in Istanbul actually costs, broken down by who's living it.

Monthly costs for one person with rent: $623 in Egilsstadir versus $1,526 in Istanbul.

Egilsstadir $623
Istanbul $1,526

Estimated couple costs with rent: $1,044 in Egilsstadir versus $2,399 in Istanbul.

Egilsstadir $1,044
Istanbul $2,399

Monthly costs for a family of three with rent: $1,465 in Egilsstadir versus $3,272 in Istanbul.

Egilsstadir $1,465
Istanbul $3,272

Living in Egilsstadir costs roughly 59% less than in Istanbul, and outside of rent the biggest gap is in groceries.

The two cities straddle the global median: Egilsstadir is 53% below, Istanbul is 14% above.

Meal at Budget Restaurant

$11.88 ₺585

Three-Course Dinner for Two, Mid-Range

$55.1 ₺2,714

Fast Food Meal (McDonalds, etc)

$9.14 ₺450

Cappuccino

$4.24 ₺209

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.75 ₺86.0

Water (0.33 liter bottle)

$0.54 ₺26.83

Local Beer (0.5 liter draught)

$4.69 ₺231

Imported Beer (0.33 liter bottle)

$5.97 ₺294

Milk (1 liter)

$1.70 ISK 207

$1.26 ₺62.1

34.92%

White Bread (500g)

$2.85 ISK 348

$0.95 ₺46.81

200.00%

Rice (white) (1kg)

$2.48 ISK 302

$2.31 ₺114

7.36%

Eggs

$5.85 ISK 713

$2.47 ₺122

136.84%

Local Cheese (1kg)

$22.28 ISK 2,717

$10.55 ₺520

111.18%

Chicken Fillets (1kg)

$33.23 ISK 4,052

$5.60 ₺276

493.39%

Beef Round Steak (1kg)

$43.56 ISK 5,312

$21.21 ₺1,045

105.37%

Apples (1kg)

$2.70 ISK 329

$1.93 ₺95.1

39.90%

Banana (1kg)

$2.45 ISK 298

$2.29 ₺113

6.99%

Oranges (1kg)

$2.54 ISK 310

$1.28 ₺63.1

98.44%

Tomato (1kg)

$3.85 ISK 469

$1.84 ₺90.8

109.24%

Potato (1kg)

$4.40 ISK 536

$0.67 ₺32.86

556.72%

Onion (1kg)

$2.11 ISK 257

$0.59 ₺29.31

257.63%

Lettuce (1 head)

$2.20 ISK 268

$1.33 ₺65.4

65.41%

Water (1.5 liter bottle)

$2.22 ISK 271

$0.59 ₺29.10

276.27%

Cigarettes 20 Pack (Marlboro, Camel)

$2.36 ₺116

Wine (Bottle)

$22.37 ISK 2,728

$13.47 ₺664

66.07%

Local Beer (0.5 liter bottle)

$3.99 ISK 487

$2.42 ₺119

64.88%

Imported Beer (0.33 liter bottle)

$3.56 ISK 434

$3.54 ₺174

0.56%

One-way Ticket (Public Transport)

$0.83 ₺40.64

Public Transport Monthly Pass (Regular Price)

$66.5 ₺3,273

Taxi Start (Normal Tariff)

$6.11 ISK 745

$1.35 ₺66.6

352.59%

Taxi (Normal Tariff) (1km)

$0.85 ₺42.05

Taxi 1hour Waiting (Normal Tariff)

$10.86 ₺535

Gasoline (1 liter)

$2.33 ISK 284

$1.47 ₺72.3

58.50%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$51.6K ₺2.5M

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$44.4K ₺2.2M

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$89.2 ₺4,395

SIM Card Monthly Plan (Calls and 10GB+ Data)

$11.60 ₺572

Internet (50+ Mbps, Unlimited Data)

$16.10 ₺793

Gym Membership (Monthly)

$77.3 ₺3,805

Tennis Court (1 Hour on Weekend)

$22.66 ₺1,116

Cinema Ticket

$8.34 ₺411

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$974 ₺48.0K

International Primary School, 1 Child (Yearly)

$25.8K ₺1.3M

Jeans (Levis 501 Or Similar)

$52.7 ₺2,597

Summer Dress (H&M, Zara, etc)

$39.16 ₺1,929

Sport Shoes (Adidas, Nike)

$103 ₺5,083

Men's Leather Business Shoes

$96.6 ₺4,759

1-bedroom Apartment, City Center (Monthly)

$994 ₺49.0K

1-bedroom Apartment, Outside City Center (Monthly)

$629 ₺31.0K

3-bedroom Apartment, City Center (Monthly)

$2,024 ₺99.7K

3-bedroom Apartment, Outside City Center (Monthly)

$1,155 ₺56.9K

Buy Apartment in City Center (m2)

$3,160 ₺155.7K

Buy Apartment Outside City Center (m2)

$1,838 ₺90.5K

Average Monthly Net Salary (After Tax)

$1,203 ₺59.3K

20-Year Fixed Mortgage Interest Rate (Annual %)

41.09

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Egilsstadir: October 5, 2026

Last update for Istanbul: October 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Egilsstadir

–

Istanbul

$629 41.2%

Groceries & Markets

Egilsstadir

–

Istanbul

$264 17.3%

Eating Out

Egilsstadir

–

Istanbul

$218 14.3%

Clothing & Footwear

Egilsstadir

–

Istanbul

$131 8.6%

Monthly Utilities & Internet

Egilsstadir

–

Istanbul

$117 7.7%

Sport & Entertainment

Egilsstadir

–

Istanbul

$94 6.1%

Getting Around

Egilsstadir

–

Istanbul

$75 4.9%

Good to know

🇮🇸 Egilsstadir

🇹🇷 Istanbul

🕒 Local time

10:36 10:36 AM

13:36 1:36 PM

3 h ahead of Egilsstadir

🌤 Weather

👥 Population

2,500

15,701,602

💱 Currency

Icelandic Króna ISK kr

Turkish Lira TRY ₺

📈 Exchange rate

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

100 TRY = 2.03 USD

100 TRY = 1.81 EUR

Exchange rates and currency converter

TRY, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

Turkish Lira exchange rates as of October 10, 2026: 1 USD = 49.26 TRY (100 TRY = 2.03 USD). 1 EUR = 55.2 TRY (100 TRY = 1.81 EUR).

USD to ISK in detail →

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Egilsstadir Istanbul 3,820 km ≈ 5 h nonstop flight

From you

Egilsstadir
Istanbul

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Egilsstadir vs Istanbul: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in transport, eating out, and utilities. The 145% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $935 in Egilsstadir and $2,289 in Istanbul to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Istanbul pay roughly 137% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $623 per month in Egilsstadir versus $1,526 in Istanbul – a 145% gap that adds up to real savings over time for anyone picking the cheaper option.

At $623 in Egilsstadir versus $1,526 in Istanbul, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Istanbul. The gap between the two cities makes Egilsstadir the clear choice for anyone on this budget.

For families, Egilsstadir is more practical. Housing and childcare are both notably cheaper than in Istanbul, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Egilsstadir and Istanbul are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Egilsstadir gentler on the wallet – expenses run 145% less than in Istanbul. Beyond cost, consider language, visa policies, and how big the international community is in each city.