Istanbul has a high cost of living relative to other Turkish cities. However, it's fairly cheap when considered in a global context. It was ranked 156th out of 209 cities worldwide in the 2020 Mercer Cost of Living Survey.

New arrivals in Istanbul will find that accommodation is their biggest expense, while fresh products are affordable compared to Western Europe.


Cost of accommodation in Istanbul

Accommodation is a big expense in Istanbul – though costs can range tremendously depending on location and accommodation type. 

Houses and apartments with a view of the Bosphorus are available on both the Asian and European sides of Istanbul, but housing is generally more expensive on the European side. 

When securing a lease, one to two months' rent is typically expected to serve as a deposit. Tenants might also have to pay the first month's rent in advance. Most quoted rental prices also don't include monthly maintenance and utility costs, so expats should expect some additional expenses.


Cost of goods in Istanbul

Petrol in Turkey is particularly expensive when compared to Europe and the US, as is imported alcohol and other imported goods. This includes electronic items, like cameras and computers, as well as typically Western foods like maple syrup.

Istanbul is generally cheaper than most Western countries for daily groceries, medical care and domestic help. Fresh vegetables and fruit can be bought at bazaars (weekly markets) for low prices, and the local equivalent of many Western brands will be considerably cheaper and often equally as satisfying.


Cost of transport in Istanbul

Public transport in Istanbul is highly efficient, extensive and affordable. Most expats find that they don't need a car, especially as reserved parking spaces are expensive. Despite this, the cost of buying a car is not overly costly. 


Cost of living in Istanbul

Prices may vary depending on the product and service provider. The list below is based on average prices for Istanbul in February 2021.

Accommodation (monthly rent)

Three-bedroom apartment in city centre

YTL 4,300

Three-bedroom apartment outside of the city centre

YTL 2,500

One-bedroom apartment in the city centre

YTL 2,400

One-bedroom apartment outside of city centre

YTL 1,400

Shopping

Dozen eggs

YTL 12.80

Milk (1 litre)

YTL 5.80

Rice (1kg) 

YTL 12.50

Loaf of white bread

YTL 3

Chicken breasts (1kg)

YTL 24

Pack of cigarettes (Marlboro)

YTL 18

Eating out

Big Mac Meal

YTL 29

Coca-Cola (330ml) 

YTL 5.15

Cappuccino

YTL 14.40

Bottle of local beer (500ml)

YTL 18

Three-course meal at a mid-range restaurant for two

YTL 150

Utilities/household

Mobile call rate (per minute – mobile to mobile)

YTL 0.76

Internet (uncapped ADSL or cable – average per month)

YTL 110

Utilities (average per month for a standard household)

YTL 490

Transportation

Taxi rate/km

YTL 3.50

City centre public transport fare

YTL 3.50

Petrol/gasoline (per litre)

YTL 7

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