In this article, weโre exploring everything you need to know about the cost of living in Turkey. Whether youโre living solo or with the whole family, knowing the cost of living in Turkey is often a very big deciding factor before making the big move.
In this guide youโll learn about:
- The cost of living in Turkey for a single person
- Family of four estimated monthly costs
- The cost of living in different Turkish cities
- A breakdown of various daily costs and more
How Much Is the Cost of Living in Turkey?
A cheap cost of living is a motivating factor for many who relocate to Turkey. The living cost in Turkey is surprisingly much less than elsewhere in Europe and the US for everyday expenses. It’s one of the main reasons programs like the Turkey citizenship by investment have become so popular.
The average living costs in Turkey will be determined by where you live, your lifestyle, and how many people are living in a single household. But overall, compared with other EU countries and the US, living in Turkey costs significantly less.
The most expensive areas to reside in Turkey – as in any other country – are major commercial, tourism, and economic centers. Even those would cost you much less per month than similar major cities in western nations.
Cost of Living in Turkey by City
The living cost in Turkey 2024 is determined by which Turkish city or area you live in and your general lifestyle. To give a better idea of the costs, here is the average living cost in Turkey by city:
Item | Istanbul | Ankara | Izmir | Antalya |
Rent (one bed city center) | ₺30,326 $885 | ₺19,471 $568 | ₺20,190 $589 | ₺22,229 $649 |
Rent (3 bed city center) | ₺56,591 $1,652 | ₺32,375 $945 | ₺30,166 $881 | ₺36,071 $1,053 |
Utilities | ₺1,948 $56.89 | ₺2,294 $67 | ₺2,171 $63.40 | ₺2,136 $62.38 |
Monthly pass (Public transport) | ₺1,389 $40.57 | ₺300 $8.67 | ₺600 $17.52 | ₺425 $12.41 |
International private school (one year) | ₺485,230 $14,171 | ₺357,210 $10,432 | ₺309,601 $9,041 | ₺197,555 $5,769 |
Meal (inexpensive restaurant) | ₺350 $10.22 | ₺300 $8.76 | ₺300 $8.76 | ₺275 $8.03 |
Cost of Living in Turkey vs US
Knowing the cost of living in Turkey in US dollars is always helpful, but itโs even better to see the cost comparison between Turkey and the US to get a true picture of the differences. Additionally, knowing the Turkish visa for US citizens can help you further plan your moving requirements and the various costs involved.ย
The cost of living in Turkey vs the US are vastly different, with the biggest disparities seen in rent, private schooling, and utilities. Letโs take a look:
Item Price (Turkish Lira) Price (US Dollar) Rent (one bed city center) ₺569 $1,758.00 Rent (three bed city center) ₺958 $2,927.00 Utilities ₺59.62 $207.02 Monthly pass (Public transport) ₺40.54 $66.00 International private school (one year) ₺9,311 $22,509.00 Meal (inexpensive restaurant) ₺8.62 $20.00 Fitness Club, Monthly Fee for 1 Adult ₺39.35 $46.59 Cinema, International Release, 1 Seat ₺5.84 $14.00
What Percentage of Your Salary Goes Toward Living Expenses in Turkey?
Hereโs a closer look at the breakdown of the estimated average living cost in Turkey, and how much of your income each of the categories from a living averages table would possibly take. The numbers are based on approximate earnings of $1,500 per month:
- Monthly rent: 16.2 percent
- Markets: 35.6 percent
- Transportation: 19.6 percent
- Restaurants: 11.3 percent
- Monthly utilities: 7 percent;
- Leisure and sports: 6.8 percent
- Clothes and shoes: 3.4 percent
Average Salary, Minimum Wage, and Mortgages in Turkey
The average minimum wage in Turkey in 2024 is around $500 per month. This is a significant difference to previous years, with some salaried doubling between 2023-2024. This has significantly impacted Turkey’s economy, with the country now being within the 20 biggest economies in the world.
In 2024, Turkish mortgage rates are around 1.79 percent monthly, which is about 21.5 percent annually due to economic instability and currency fluctuations. Some banks offer lower rates at 1.2 percent per month (15.85 percent annually), but rates often change with the currency.
When buying property in Turkey, you must pay property taxes after receiving the title deed (TAPU). This tax is 4 percent of the purchase price, usually split between buyer and seller, with each paying 2 percent.
Frequently Asked Questions about the Costs of Living in Turkey
Is Turkey expensive to live in?
The estimated average monthly cost of living in Turkey in USD based on the current exchange rate for a family of four is $2,167 without monthly rent. One person’s projected monthly expenses, excluding rent, is $599.
How much money do you need to live comfortably in Turkey?
You can live comfortably in Turkey as a single person on around $1,200 per month. A family of four estimated monthly costs are about $3,000.ย
Is living in Turkey cheap?
The Turkey cost of living is far below most European nations. Rental prices, high-quality food from a mid-range restaurant, and transportation are less expensive here. Foreign purchasing power in Turkey for individuals from the UK, Sweden, Germany, or other European countries is very high and conducive to a luxurious lifestyle.
How to save money in Turkey as an expat?
There are various ways to save money living in Turkey as an expat. For example, Turkish people generally shop at bazars and local grocery stores with fresh produce. Many foreigners also choose to take local transport over owning a car and dining at an inexpensive restaurant or fast food restaurant. Plus, choosing to live in a less expensive city will greatly reduce your cost of living, while still offering a comfortable life.
Is healthcare expensive in Turkey?
Turkey offers significantly cheaper healthcare to other European countries. Expats need to have private health insurance, but the cost is also significantly less, giving foreigners the option of visiting a private doctor or hospital if needed.
What is the cost of living in Turkey compared to UK?
The cost of living in Turkey compared to the UK is much lower. Living in Turkey costs 43 percent less than in the UK without rent and with rent that goes up to 48 percent. Grocery prices are 37 percent lower in Turkey and rental prices are 60 percent less.
What is the cost of living in Turkey vs South Africa?
The cost of living in Turkey vs South Africa is not too different. Living in South Africa costs only seven percent less than Turkey. The biggest different is seen with groceries, coming in at 16 percent lower in South Africa.
What is the average monthly rent in Istanbul, Turkey?
The average monthly rent in Istanbul, Turkey is $880 for a single bedroom apartment in the city center, outside the city center will set you back about $540 per month. A three bedroom apartment in the city center is about $1,600 per month and outside the center is about $1,000.
Is it more expensive to live in Turkey or USA?
Turkey is significantly cheaper than the US, even when comparing big cities in each country. Looking at the largest city in Turkey, Istanbul costs on average 233 percent less than in New York City.