Students will discover that the living cost in Turkey is significantly lower than in neighboring European countries. Because the country has not yet been admitted to the EU, those with foreign purchasing power can stretch their money further, even if they live in popular expat areas or coastal resort towns.
Istanbul, the country’s largest expat hub and most expensive location, was ranked 173rd most expensive expat destination in the 2021 Mercer Cost of Living Survey, out of over 209 cities evaluated. As is the case in most places, the cost of living in Turkey is highly location- and lifestyle-dependent. Rural villages are less expensive than urban areas.
Turkey’s property market, both for buying and renting, is generally more affordable than markets in the United Kingdom or the United States. There is a wide variety of accommodation to suit all tastes and budgets, ranging from extremely expensive villas with expansive views and expansive outdoor spaces to sparse apartments with only the bare essentials.
Monthly utilities are not always included in rent, so expats must budget for water, electricity, and gas. Although these bills are typically low, the cost of heating during the winter significantly increases utility expenses during this time of year.
|Apartment Type||Monthly Rent (YTL)|
|3-Bedrooms – City Center|
3-Bedrooms – Outside City Center
1-Bedrooms – City Center
1-Bedrooms – Outside City Center