Last update: Oct 2026

Cost of Living Comparison Between Istanbul and Hverageroi

For one person, living is cheaper in Istanbul: $1,525 a month against $1,716 in Hverageroi, rent and utilities included – about $2,300 less a year. The total is higher in Hverageroi despite lower rent and utilities.

74

Cost of Living Index in Istanbul
Learn more

Istanbul Living Index
83

Cost of Living Index in Hverageroi
Learn more

Hverageroi Living Index

Jump to prices

Istanbul

🇹🇷 Turkey

$1,525

/mo nomad

Hverageroi

🇮🇸 Iceland

$1,716

/mo nomad

Monthly Cost of Living

How much you'll spend in Istanbul and in Hverageroi

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

A single person spends $1,525 per month in Istanbul vs $1,716 in Hverageroi, rent included.

Istanbul $1,525
Hverageroi $1,716

A couple spends around $2,390 per month in Istanbul vs $2,924 in Hverageroi, rent included.

Istanbul $2,390
Hverageroi $2,924

A family of three spends $3,256 per month in Istanbul vs $4,132 in Hverageroi, rent included.

Istanbul $3,256
Hverageroi $4,132

Istanbul is about 11% cheaper than Hverageroi, and outside of rent the biggest gap is in groceries.

Both Istanbul and Hverageroi sit above the global median – Istanbul by 13%, Hverageroi by 27%.

Meal at Budget Restaurant

$11.96 ₺592

$31.36 ISK 3,804

-61.86%

Three-Course Dinner for Two, Mid-Range

$57.2 ₺2,834

$124 ISK 15.0K

-53.71%

Fast Food Meal (McDonalds, etc)

$9.51 ₺471

$27.18 ISK 3,297

-65.01%

Cappuccino

$4.40 ₺218

$6.63 ISK 805

-33.63%

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

$1.75 ₺86.6

$3.27 ISK 397

-46.48%

Water (0.33 liter bottle)

$0.56 ₺27.57

$3.07 ISK 372

-81.76%

Local Beer (0.5 liter draught)

$4.71 ₺233

$13.88 ISK 1,684

-66.07%

Imported Beer (0.33 liter bottle)

$6.14 ₺304

$12.43 ISK 1,508

-50.60%

Milk (1 liter)

$1.24 ₺61.6

$2.00 ISK 243

-38.00%

White Bread (500g)

$0.95 ₺47.25

$4.21 ISK 511

-77.43%

Rice (white) (1kg)

$2.28 ₺113

$3.72 ISK 451

-38.71%

Eggs

$2.45 ₺121

$7.22 ISK 875

-66.07%

Local Cheese (1kg)

$10.56 ₺523

$21.86 ISK 2,652

-51.69%

Chicken Fillets (1kg)

$5.50 ₺272

$24.44 ISK 2,964

-77.50%

Beef Round Steak (1kg)

$21.65 ₺1,072

$42.38 ISK 5,140

-48.91%

Apples (1kg)

$1.83 ₺90.6

$3.37 ISK 408

-45.70%

Banana (1kg)

$2.29 ₺113

$2.86 ISK 347

-19.93%

Oranges (1kg)

$1.28 ₺63.4

$3.18 ISK 386

-59.75%

Tomato (1kg)

$1.82 ₺90.1

$6.44 ISK 781

-71.74%

Potato (1kg)

$0.66 ₺32.74

$3.90 ISK 473

-83.08%

Onion (1kg)

$0.63 ₺31.14

$1.63 ISK 198

-61.35%

Lettuce (1 head)

$1.27 ₺62.8

$3.63 ISK 440

-65.01%

Water (1.5 liter bottle)

$0.56 ₺27.62

$1.77 ISK 214

-68.36%

Cigarettes 20 Pack (Marlboro, Camel)

$2.36 ₺117

$13.73 ISK 1,665

-82.81%

Wine (Bottle)

$12.98 ₺642

$23.30 ISK 2,826

-44.29%

Local Beer (0.5 liter bottle)

$2.48 ₺123

$3.69 ISK 448

-32.79%

Imported Beer (0.33 liter bottle)

$3.50 ₺174

$3.38 ISK 410

3.55%

One-way Ticket (Public Transport)

$0.82 ₺40.77

Public Transport Monthly Pass (Regular Price)

$65.2 ₺3,228

Taxi Start (Normal Tariff)

$1.33 ₺65.7

$6.91 ISK 838

-80.75%

Taxi (Normal Tariff) (1km)

$0.90 ₺44.60

$2.80 ISK 340

-67.86%

Taxi 1hour Waiting (Normal Tariff)

$10.91 ₺540

$80.1 ISK 9,720

-86.39%

Gasoline (1 liter)

$1.43 ₺70.7

$2.11 ISK 255

-32.23%

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

$49.6K ₺2.5M

$50.6K ISK 6.1M

-2.10%

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

$43.2K ₺2.1M

$54.7K ISK 6.6M

-21.03%

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

$88.8 ₺4,395

$94.6 ISK 11.5K

-6.13%

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

$11.69 ₺579

$32.31 ISK 3,919

-63.82%

Internet (50+ Mbps, Unlimited Data)

$16.09 ₺797

$87.3 ISK 10.6K

-81.58%

Gym Membership (Monthly)

$76.3 ₺3,776

Tennis Court (1 Hour on Weekend)

$22.72 ₺1,125

Cinema Ticket

$8.26 ₺409

$19.48 ISK 2,363

-57.60%

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

$1,015 ₺50.2K

$1,167 ISK 141.5K

-13.05%

International Primary School, 1 Child (Yearly)

$25.8K ₺1.3M

$25.4K ISK 3.1M

1.63%

Jeans (Levis 501 Or Similar)

$53.3 ₺2,636

$147 ISK 17.9K

-63.89%

Summer Dress (H&M, Zara, etc)

$40.55 ₺2,008

$67.1 ISK 8,134

-39.54%

Sport Shoes (Adidas, Nike)

$100 ₺4,956

$179 ISK 21.7K

-44.04%

Men's Leather Business Shoes

$93.5 ₺4,630

$248 ISK 30.0K

-62.22%

1-bedroom Apartment, City Center (Monthly)

$977 ₺48.4K

1-bedroom Apartment, Outside City Center (Monthly)

$627 ₺31.0K

3-bedroom Apartment, City Center (Monthly)

$1,980 ₺98.0K

3-bedroom Apartment, Outside City Center (Monthly)

$1,147 ₺56.8K

Buy Apartment in City Center (m2)

$3,095 ₺153.2K

Buy Apartment Outside City Center (m2)

$1,787 ₺88.5K

Average Monthly Net Salary (After Tax)

$1,213 ₺60.1K

20-Year Fixed Mortgage Interest Rate (Annual %)

40.69

8.81

361.86%

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

Last update for Istanbul: October 19, 2026

Last update for Hverageroi: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Istanbul

$627 41.1%

Hverageroi

- * 0% 100%

Groceries & Markets

Istanbul

$263 17.2%

Hverageroi

$622 36.3% 137% $360

Eating Out

Istanbul

$222 14.6%

Hverageroi

$532 31% 139% $310

Clothing & Footwear

Istanbul

$129 8.5%

Hverageroi

$288 16.8% 123% $159

Monthly Utilities & Internet

Istanbul

$117 7.6%

Hverageroi

$214 12.5% 83.8% $98

Sport & Entertainment

Istanbul

$93 6.1%

Hverageroi

$39 * 2.3% 58% $54

Getting Around

Istanbul

$74 4.9%

Hverageroi

$21 * 1.2% 71.9% $53

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $57.0 in Istanbul versus $124 in Hverageroi. Monthly groceries follow the same trend: $263 vs $622 – making Istanbul the more affordable choice for daily food spending.

Good to know

🇹🇷 Istanbul

🇮🇸 Hverageroi

🕒 Local time

07:55 7:55 AM

04:55 4:55 AM

3 h behind Istanbul

🌤 Weather

👥 Population

15,701,602

2,657

💱 Currency

Turkish Lira TRY ₺

Icelandic Króna ISK kr

📈 Exchange rate

100 TRY = 2.02 USD

100 TRY = 1.8 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.33 EUR

Exchange rates and currency converter

ISK, USD, EUR to TRY – Turkish Lira Converter

🇺🇸 United States Dollar ($)

🇹🇷 Turkish Lira (₺)

Turkish Lira exchange rates as of October 21, 2026: 1 USD = 49.51 TRY (100 TRY = 2.02 USD). 1 EUR = 55.66 TRY (100 TRY = 1.8 EUR).

Icelandic Króna exchange rates as of October 21, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.33 EUR).

USD to TRY in detail →

On the map

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Between locations

Istanbul Hverageroi 4,080 km ≈ 6 h nonstop flight

From you

Istanbul
Hverageroi

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

Istanbul vs Hverageroi: Cost of Living - Frequently Asked Questions

Hverageroi costs about 13% more than Istanbul, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,287 per month in Istanbul and $2,575 in Hverageroi. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,525 in Istanbul and $1,716 in Hverageroi. That's a gap of about 13%.

Kindergarten costs $1,015 per month in Istanbul and $1,167 in Hverageroi. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Istanbul, where all-in costs run around $1,525, than in Hverageroi at $1,716. In Istanbul it covers expenses comfortably, while in Hverageroi it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Istanbul costs $1,525 versus $1,716 in Hverageroi. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Istanbul. If higher salaries, better infrastructure, or specific career opportunities are the priority, Hverageroi makes more sense. Both are solid long-term options with distinct trade-offs.