- Why invest in Turkey
- Turkey residence permit
- Turkish citizenship by investment
- Turkish title deed “TAPU” process
- How much is the cost of living in Turkey?
- Health insurance in Turkey
How much is the cost of living in Turkey?
For those who intend to study in Turkey, immigrate or obtain a Turkish residence permit, it is important to know the cost of living in Turkey. Follow this article with us, so our experts in Mediterranean Homes Group in addition to the general introduction of Turkey and its cities, will inspect the details of the average cost of living in Turkey for you.
Turkey is in fact a peninsula with a diverse climate, which generally has a moist, temperate climate due to its geographical location.
Turkey has common border with Bulgaria, Georgia, Armenia, Greece as well as the Black Sea on the north, from the south with Syria, Iraq and Mediterranean, from the east with Iran and from the west it is located beside the Aegean Sea.
Turkey’s most important economic resource is tourism, which has a lot of profits every year. Turkey has about 40 million tourists throughout the year. But the economy, in general, is based on agriculture which is growing every day.
As might be expected, the cost of living in Turkey like everywhere in the world depends on your life style, city and vicinity of your property, type of food, clothing and etc. but in general, the average monthly cost of living in this country is between 2500 and 3000 lira (something equivalent $500 to $600).
Difference in the cost of living in Turkey from one city to another
If you are preparing to immigrate to Turkey, naturally, this question has been raised in your mind about which city you may choose from this beautiful country for living. Which city will suit you both in terms of the cost of living and also the weather?
Istanbul is the economic and touristic heart of Turkey. Antalya and Izmir are also the most important tourist destinations. All these cities have cultured and loving people, temperate climate with beautiful beaches and recreation and attractive urban historic texture.
Like other parts of the world, living in the bigger and more populous cities has a higher cost. In Turkey the biggest demanded city for living is Istanbul, which is a busy, commercial, financial and economic center.
A family with an income of about 5000 lira per month can have an appropriate life in this city. However, living costs are dramatically reduced in the Aegean and Mediterranean coastal regions. Compared to other popular immigration destinations in Turkey, the cost of living in Istanbul is about 20 percent more expensive.
Details of the cost of living in Turkey
Housing and utilities
The first and main cost of living in Turkey is purchasing or renting a home.
Buy an apartment:
- In city center: 6000 TL each square meter
- Outside of center: 3000 TL each square meter
Rent an apartment (monthly price)
- Apartment 1+1 in city center 1300 TL
- Apartment 1+1 outside of center 800 TL
- Apartment 3+1 in city center 2200 TL
- Apartment 3+1 outside of center 1400 TL
Rental costs normally do not include utility bills. However, in this section, the cost of living in Turkey seems encouraging, because in practice it is relatively inexpensive for a family.
- Electricity: 150 TL per month, but by limiting the use of air conditioning it can be greatly reduced.
- Water: 40 TL per month.
- General charge: 100 to 500 TL per month depending on the facilities provided in the building.
- Tax: 200 TL per year depending on the type and price of the property.
- Insurance: insurance of earthquakes in Turkey is compulsory. Its rates range is from 200 to 400 TL depending in the location and size of the property.
- Gas: in the winter from 150 to 200 TL, in the summer from 20 to 30 TL for cooking.
- Internet: unlimited date costs 80 TL per month.
The second major cost of living in Turkey is transportation. According to the latest statistics, average costs of transportation are as follows:
- One-way Ticket (Local Transport): 2.75 TL
- Monthly Pass: 200 TL
- Taxi Starts on 4 TL, each km 3TL and one hour waiting 23 TL
- Gasoline each liter 6.62 TL
The price of a new car (e.g. Toyota corolla or equivalent new car) is 117670 TL. As may be expected, used and low-model cars are cheaper, as well as more costly. Usually, cars are more expensive as long as they have a warranty.
Food and dining
- Single Meal in an inexpensive Restaurant 20 TL
- Meal for 2 People 80 TL
- McDonalds 18 TL
- Bread (500g)30 TL
- Milk (1 liter) 3.7 TL
- Rice (1kg)8 TL
- Eggs (12) 9.3 TL
- Cheese (1kg)5 TL
- Chicken Breasts (1kg) 18.8 TL
- Beef Round (1kg)2 TL
- Apples (1kg)6 TL
- Oranges (1kg)31 TL
- Banana (1kg) 9 TL
- Tomato (1kg) 8 TL
- Potato (1kg)9 TL
- Onion (1kg)8 TL
- Water (1.5 liter bottle) 1.8TL
- Bottle of Wine (Mid-Range) 40 TL
- Beer (0.5 liter bottle) 9 TL
- Cigarettes 20 Pack 13 TL
Health and Insurance
The cost of healthcare insurance for people under the age of 18 and over 65 is free. it starts at 400 TL for 18 to 23 years old up to 3000 TL for people under 65 years of age. All these insurance costs are only for one year.
These rates are the lowest insurance rates and allow you to pay less for a sickness. Insurance, depending on the type of disease is different. You pay 10% to maximum 40% of the cost of the treatment and the rest is covered by insurance company. Some insurance covers all the cost of the treatment, which obviously, there is more to be paid to get this kind of insurance.
Turkish universities and science centers currently have many applicants. They usually have students at all levels of study. The cost of studying in Turkey varies according to the type of university and the major. In general there are three types of university in Turkey:
- Governmental universities
- Private universities
- Half private universities
Governmental universities are tuition free. Annual tuition fee at private universities varies between 10000 and 30000 TL, while it is 5000 to 10000 TL at half private universities.