Last update: Nov 2026

Cost of Living Comparison Between Reykjahlid and Istanbul

For one person, living is cheaper in Reykjahlid: $181 a month against $1,519 in Istanbul, rent and utilities included – about $16,100 less a year. Rent and utilities account for about half of the difference.

73

Cost of Living Index in Istanbul
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Istanbul Living Index

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Reykjahlid

🇮🇸 Iceland

$181

/mo nomad

Istanbul

🇹🇷 Turkey

$1,519

/mo nomad

Monthly Cost of Living

How much you'll spend in Reykjahlid 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 Reykjahlid and in Istanbul actually costs, broken down by who's living it.

A single person spends $181 per month in Reykjahlid vs $1,519 in Istanbul, rent included.

Reykjahlid $181
Istanbul $1,519

A couple spends around $265 per month in Reykjahlid vs $2,365 in Istanbul, rent included.

Reykjahlid $265
Istanbul $2,365

A family of three spends $349 per month in Reykjahlid vs $3,212 in Istanbul, rent included.

Reykjahlid $349
Istanbul $3,212

Reykjahlid is about 88% cheaper than Istanbul, and outside of rent the biggest gap is in groceries.

Reykjahlid sits 87% below the global median, while Istanbul is 12% above – they fall on opposite sides of the world average.

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

$6.26 ISK 760

$4.30 ₺216

45.58%

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)

$11.76 ISK 1,429

$4.69 ₺235

150.75%

Imported Beer (0.33 liter bottle)

$11.82 ISK 1,437

$7.12 ₺357

66.01%

Milk (1 liter)

$2.32 ISK 281

$1.25 ₺62.7

85.60%

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 Reykjahlid: November 2, 2026

Last update for Istanbul: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Reykjahlid

–

Istanbul

$625 41.1%

Groceries & Markets

Reykjahlid

–

Istanbul

$258 17%

Eating Out

Reykjahlid

–

Istanbul

$221 14.6%

Clothing & Footwear

Reykjahlid

–

Istanbul

$129 8.5%

Monthly Utilities & Internet

Reykjahlid

–

Istanbul

$120 7.9%

Sport & Entertainment

Reykjahlid

–

Istanbul

$91 6%

Getting Around

Reykjahlid

–

Istanbul

$75 5%

Good to know

🇮🇸 Reykjahlid

🇹🇷 Istanbul

🕒 Local time

22:55 10:55 PM

01:55 1:55 AM

3 h ahead of Reykjahlid

🌤 Weather

👥 Population

300

15,701,602

💱 Currency

Icelandic Króna ISK kr

Turkish Lira TRY ₺

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.36 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 = 7.36 EUR).

Turkish Lira exchange rates as of November 6, 2026: 1 USD = 50.15 TRY (100 TRY = 1.99 USD). 1 EUR = 56.05 TRY (100 TRY = 1.78 EUR).

USD to ISK in detail →

On the map

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Highest

Between locations

Reykjahlid Istanbul 3,940 km ≈ 5 h nonstop flight

From you

Reykjahlid
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

Reykjahlid vs Istanbul: Cost of Living - Frequently Asked Questions

Yes – Istanbul is pricier by about 741%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $271 per month in Reykjahlid and $2,278 in Istanbul. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $181 in Reykjahlid and $1,519 in Istanbul. That makes Reykjahlid about 88% cheaper.

Groceries cost about 1015% more in Istanbul, though the gap depends on what you buy.

A $1,200 monthly budget goes further in Reykjahlid, where all-in costs run around $181, than in Istanbul at $1,519. In Reykjahlid it covers expenses comfortably, while in Istanbul it requires careful planning or may not stretch far enough.

It depends on your priorities. Istanbul has an edge in some lifestyle areas, with costs from $181 in Reykjahlid to $1,519 in Istanbul. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.