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How Much Does It Cost to Live in Istanbul?

The famous US magazine Forbes announced the most livable cities in Turkey. According to this list, Istanbul became the most livable city in Turkey. So what is the cost of living in Istanbul? What do the calculated numbers show? Is it easy to live in Istanbul? We have explained the answers to all these questions in this content.

live in Istanbul

Please note, living costs are based on families of 4 when calculating. Accordingly, the cost of living for a family of 4 in Istanbul rose to 23 thousand 586 liras with the increasing inflation. This amount corresponds to 1280 US dollars according to the current exchange rate increase.

live in Istanbul

Cost of Living Increased in Istanbul!

The Istanbul Planning Agency, which is affiliated with the Istanbul Metropolitan Municipality, publishes the living costs in Istanbul quarterly. According to the research, it is seen that for a family of 4, it has increased by 101.69 percent in the last 12 months.

In July, the minimum wage for employees in Turkey was determined as 5500 TL. It is possible to say that living costs have increased in recent months. With the increase in rent expenses and basic foodstuffs, the hunger limit in Turkey became 7245 TL. However, the poverty line for September was announced as 23,600 TL.

live in Istanbul

How Do The Winter Months Affect The Situation?

With the arrival of the winter months, it is possible to say that the cost of living will increase a little more when natural gas costs are added.

We will continue to update our content when new data is announced. So what do you think about this subject? Is living in Istanbul expensive for you?

Gül Demirci

Hello, I am Gul, I write content for Expat Guide Turkey every day. Don't forget to check it out!

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