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Cost of living in Istanbul Turkey
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Cost of living in Istanbul Turkey

Are you interested in the cost of living in Istanbul, Turkey? In this video, I’ll provide a detailed cost breakdown of all our monthly expenses. If you’re wondering about life in Istanbul, this will give you an idea of how much it costs to live in this great city. I will show a very detailed monthly breakdown of our cost of living. breakdown focuses on two adults. Rent We live in our own property, so we don’t pay rent. However, since rent is typically the largest expense, I want to give you an estimate. Suppose you want to rent a one-bedroom apartment in central districts, like Beyoglu, Sisli, Besiktas, Kadiköy or Üsküdar. These are the most beautiful areas in Istanbul. Rental prices for such apartments range mostly between 600 and 1.000 Euros per month. The figure depends on exact location, age of building and other factors. Also note, prices can be much higher if you are looking for properties with a Bosphorus view, luxury high-rise apartments or homes in highly sought after neighbourhoods. For this cost breakdown, let’s use an average value of 800 Euros per month. Utilities On average, we spend about 55 Euros per month. To be more precise, this includes electricity 10 Euros, natural gas 18 Euros, water 10 Euros, internet 10 Euros and common building dues 7 Euros. Electricity costs are higher in summer due to our air conditioning but low in winter. Conversely, natural gas costs are higher in winter due to heating. Common dues cover building expenses such as elevator maintenance or hallway cleaning. If you live, for example, in a gated community with amenities like security or even a pool, then common dues are significantly higher. Property tax and insurance Regarding insurance, we have a mandatory earthquake insurance and an optional household insurance. Our property tax is 60 Euros per year. These items are to be paid by the property owner. Groceries Groceries amount to 380 Euros per month. Of this, 50 Euros goes to fresh fruits and vegetables from our local market. We spend the remainder on supermarket items and drugstore purchases. Another point to note is: We rarely buy red meat, as we often consume it at restaurants. Red meat is relatively expensive in Türkiye. It costs almost double compared to Germany. Restaurants and cafés We spend on average 260 Euros per month in that regard. We are eating out quite frequently, about 3 to 4 times per week. Most often, we go to places which offer good taste for a fair price. We also get all our dessert from cafés or patisseries. Clothing / household / online In average, we spend 160 Euros per month on these. Public transportation We have two monthly public transportation passes, which cost 85 Euros in total. We can use any metro, tram, bus or ferry. There is a certain number of rides included per month, which is more than sufficient for us. In addition to public transportation, we also spent 8 Euros per month on taxis, primarily for airport trips. Cars Buying a car in Türkiye is extremely expensive due to a special tax. For many cars, this tax is a whopping 220%. Just for perspective. A brand new BMW 5 series starts from 130.000 Euros in Türkiye. Health insurance We are covered by Universal Health insurance, known as SGK. This costs us 17 Euros per month for the entire family. Foreigners can also be enrolled in this program, if they live longer than a year in Türkiye. We have access to any public health center or public hospital free of charge. Private hospitals and pharmacy In 2024, we spend on average 15 Euros in these facilities. One standard treatment or examination cost us around 30 Euros.There is also supplementary health insurance, if you want your treatments in private hospitals to be covered. Additionally, we spend 10 Euros per month on medicine, which is partially covered by our health insurance. Other Our remaining costs amount to 75 Euros per month. This includes two mobile phone plans for 16 Euros, a monthly barber visit for 13 Euros, and subscriptions like Netflix and YouTube Premium for 7 Euros. In total, our recurring monthly expenses amount to about 1.100 Euros or 1.150 dollars without rent. Including potential rent, this rises to around 1.900 Euros or about 2.000 Dollars per month. This breakdown does not include one-off costs like vacations, furniture or electronics. If you consider moving to Istanbul, you’ll need to factor in these additional expenses. #lifeinistanbul #costofliving #istanbul 00:00 Introduction 00:14 Overview expenses 00:27 1. Rent 01:10 2. Utilities 01:45 3. Property tax / insurance 02:00 4. Groceries 02:23 5. Restaurants / cafés 02:40 6. Clothing / household / online 02:50 7. Transportation 03:10 8. Car 03:30 9. Health insurance 04:03 10. Private hospitals 04:34 11. Other costs 04:47 12. Total costs

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