Cost of Living & Prices in Istanbul: All of the Expenses

If you’re thinking about relocating to Istanbul soon, you’re curious about how much it will cost you to live there. The expense of living in Istanbul, a beautiful and ancient city, maybe rather shocking to visitors. However, there are several methods to save money and have a good time here. There are also many hidden treasures where the rent is low yet the properties are of good quality. In this blog article, we will look at the many forms of accommodation available in Istanbul, ranging from hostels and flats to sublets and short-term leases.

1. Is it expensive to live in Istanbul?

living in Istanbul
Both yes and no. There are some expenditures that you will spend when living in Istanbul, but there are also methods to save money and live simply. Living in Istanbul is unquestionably more expensive than in a smaller Turkish city like Ankara or Izmir. Istanbul is Türkiye’s biggest metropolis and the most popular tourist and expat destination. This implies that in Istanbul, housing, transportation, food, and other everyday expenditures are more than in other parts of Türkiye. However, being the country’s main metropolis, Istanbul also has high-paying employment, wonderful entertainment, and numerous amenities that make living here highly appealing.

2. How much money do I need to live comfortably in Türkiye?

living in Istanbul houses
This is a challenging topic to answer since it relies entirely on your definition of “living comfortably.” You may live on a shoestring budget or you can go all out and spend a lot on a lavish lifestyle if you so wish. The pricing of common products and services in Türkiye is rather inexpensive, which is one of the factors that attracts expats to the nation. If you have a very limited budget, you may save money on regular costs such as public transportation, food, and utilities. If you have a mid-range budget, you may live in Istanbul without worrying about money. However, if you want to enjoy the city’s high-end lifestyle, be prepared to spend a lot of money. If you are thrifty, you may live comfortably in Istanbul for roughly $650 per month and $750 if you wish to live a more luxurious lifestyle.

3. How much does it cost to rent an apartment in Istanbul?

Apartments of Istanbul
The cost of renting an apartment in Istanbul is determined by a variety of factors, including the location and quality of the property. In general, the most costly apartments are found in the city center, while the most inexpensive flats are found on the outskirts. Look at internet advertising, local newspapers, or real estate websites to get an idea of how much you may anticipate paying to rent an apartment in Istanbul. You may also look for folks in your area who are prepared to sublease their flat for a fraction of the cost of a new lease. Aside from rent, you will need to consider energy expenses, furnishings, and other start-up expenditures such as internet access.

4. How much money do you need in Istanbul per day?

Fatih, Istanbul
Depending on your budget, you may cut expenditures and live on less than $40 every day. You may save money by dining at home, utilizing public transportation instead of driving, buying at markets or thrift stores, and staying in inexpensive lodging or sharing a room or an apartment. If you are an expat, you can apply for a visa that allows you to earn up to $60 each week. This implies you may generate extra cash while staying in Istanbul on a daily budget of $40.

5. How much does it cost to live in Istanbul for one month?

Istanbul attractions
You may live in Istanbul for less than $600 per month if you are a student or a young person on a budget. If you have a mid-range budget, you may anticipate paying roughly $1,000. If you have a solid salary, you can spend as much as you like in Istanbul and live a high-end lifestyle. Even if you are spending a lot, you may still ensure that you are living within your means and not overspending. There are also numerous ways to save money in Istanbul, such as shopping at thrift stores, cooking at home, taking the bus instead of cabs, and finding free or low-cost cultural events and activities.

6. How do I find cheap accommodation in Istanbul?

Istanbul view
Going online to sites like Gumtree, Craigslist, or Reddit to see who is subletting or offering short-term leases in Istanbul is the best way to find cheap flats. You might also ask your friends or coworkers if they know anyone who is renting out their home or if they know of any low-cost accommodation options in Istanbul. Aside from these possibilities, you might check into lower-rent communities such as Eyup and Sisli.

7. What are the costs of living in Istanbul?

Istanbul postcard
The cost of living in Istanbul varies according to your lifestyle, area, budget, and the city’s present economic state. If you are a student or have a limited income, you may find low-cost housing, food, and entertainment in the city. If you have a lot of money, you can live comfortably in Istanbul and have access to a lot of high-end goods and services. In general, the cost of living in Istanbul is slightly higher than in other Turkish cities, but a middle-range budget will allow you to live comfortably.

8. What are the basic costs of living in Istanbul?

Galata Tower view
If you are new to Istanbul and want to know what the basic costs of living here are, the examples below might help. The following costs are based on the average cost of living in Istanbul for a single individual with no dependents. You may change the statistics to suit your needs and lifestyle. Rental apartment – $300 – $1500 $30 for utility bills (electricity, internet, and water). Food costs between $100 and $300. Transportation – $30 – $80 Health insurance – $50 Cell phone charge ranging from $30 to $100 Subscriptions to the internet or television range from $20 to $70. $1 – $3 for an excellent Turkish coffee.

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