Last update: Oct 2026

Cost of Living Comparison Between Hallormsstadur and Istanbul

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Cost of Living Index in Istanbul
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Istanbul Living Index

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Hallormsstadur

🇮🇸 Iceland

/mo nomad

Istanbul

🇹🇷 Turkey

$1,519

/mo nomad

Meal at Budget Restaurant

$11.81 ₺592

Three-Course Dinner for Two, Mid-Range

$54.9 ₺2,754

Fast Food Meal (McDonalds, etc)

$9.26 ₺465

Cappuccino

$4.30 ₺216

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

$1.77 ₺89.0

Water (0.33 liter bottle)

$0.56 ₺28.32

Local Beer (0.5 liter draught)

$4.69 ₺235

Imported Beer (0.33 liter bottle)

$7.12 ₺357

Milk (1 liter)

$1.25 ₺62.7

White Bread (500g)

$0.88 ₺44.17

Rice (white) (1kg)

$2.20 ₺111

Eggs

$2.43 ₺122

Local Cheese (1kg)

$10.48 ₺526

Chicken Fillets (1kg)

$5.31 ₺267

Beef Round Steak (1kg)

$21.10 ₺1,058

Apples (1kg)

$1.86 ₺93.1

Banana (1kg)

$2.30 ₺115

Oranges (1kg)

$1.22 ₺61.0

Tomato (1kg)

$1.80 ₺90.2

Potato (1kg)

$0.69 ₺34.83

Onion (1kg)

$0.64 ₺32.16

Lettuce (1 head)

$1.36 ₺68.0

Water (1.5 liter bottle)

$0.58 ₺28.94

Cigarettes 20 Pack (Marlboro, Camel)

$2.34 ₺117

Wine (Bottle)

$13.03 ₺653

Local Beer (0.5 liter bottle)

$2.36 ₺118

Imported Beer (0.33 liter bottle)

$3.32 ₺166

One-way Ticket (Public Transport)

$0.88 ₺44.07

Public Transport Monthly Pass (Regular Price)

$66.1 ₺3,316

Taxi Start (Normal Tariff)

$1.28 ₺64.4

Taxi (Normal Tariff) (1km)

$0.85 ₺42.80

Taxi 1hour Waiting (Normal Tariff)

$11.09 ₺556

Gasoline (1 liter)

$1.48 ₺74.0

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

$48.6K ₺2.4M

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

$42.0K ₺2.1M

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

$92.7 ₺4,650

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

$11.20 ₺562

Internet (50+ Mbps, Unlimited Data)

$15.89 ₺797

Gym Membership (Monthly)

$74.7 ₺3,745

Tennis Court (1 Hour on Weekend)

$22.95 ₺1,151

Cinema Ticket

$8.05 ₺404

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

$948 ₺47.6K

International Primary School, 1 Child (Yearly)

$36.9K ₺1.9M

Jeans (Levis 501 Or Similar)

$53.9 ₺2,702

Summer Dress (H&M, Zara, etc)

$41.49 ₺2,081

Sport Shoes (Adidas, Nike)

$101 ₺5,060

Men's Leather Business Shoes

$91.3 ₺4,580

1-bedroom Apartment, City Center (Monthly)

$1,014 ₺50.8K

1-bedroom Apartment, Outside City Center (Monthly)

$625 ₺31.3K

3-bedroom Apartment, City Center (Monthly)

$2,005 ₺100.6K

3-bedroom Apartment, Outside City Center (Monthly)

$1,126 ₺56.5K

Buy Apartment in City Center (m2)

$2,988 ₺149.8K

Buy Apartment Outside City Center (m2)

$1,730 ₺86.8K

Average Monthly Net Salary (After Tax)

$1,136 ₺57.0K

20-Year Fixed Mortgage Interest Rate (Annual %)

40.42

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

Last update for Hallormsstadur: October 31, 2026

Last update for Istanbul: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Hallormsstadur

–

Istanbul

$625 41.1%

Groceries & Markets

Hallormsstadur

–

Istanbul

$258 17%

Eating Out

Hallormsstadur

–

Istanbul

$221 14.6%

Clothing & Footwear

Hallormsstadur

–

Istanbul

$129 8.5%

Monthly Utilities & Internet

Hallormsstadur

–

Istanbul

$120 7.9%

Sport & Entertainment

Hallormsstadur

–

Istanbul

$91 6%

Getting Around

Hallormsstadur

–

Istanbul

$75 5%

Good to know

🇮🇸 Hallormsstadur

🇹🇷 Istanbul

🕒 Local time

10:40 10:40 AM

13:40 1:40 PM

3 h ahead of Hallormsstadur

🌤 Weather

👥 Population

15,701,602

💱 Currency

Icelandic Króna ISK kr

Turkish Lira TRY ₺

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.33 EUR

100 TRY = 1.99 USD

100 TRY = 1.78 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 November 6, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

Turkish Lira exchange rates as of November 6, 2026: 1 USD = 50.15 TRY (100 TRY = 1.99 USD). 1 EUR = 56.33 TRY (100 TRY = 1.78 EUR).

USD to ISK in detail →

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Hallormsstadur Istanbul 3,830 km ≈ 5 h nonstop flight

From you

Hallormsstadur
Istanbul

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

City Median Internet Speeds Comparison (Updated April 2026)

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Digital Nomad Cost of Living Index

Hallormsstadur vs Istanbul: Cost of Living - Frequently Asked Questions

Safety-wise, Hallormsstadur and Istanbul are both considered safe, so it’s unlikely to be the deciding factor between them.

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