Cost of Living in Istanbul

The cost of living in Istanbul is relatively high compared to other Turkish cities, but in a global context, it remains fairly affordable. Inflation, driven by currency depreciation, energy prices, and supply chain disruptions, has made daily expenses unpredictable. However, if you earn in a stronger foreign currency, you’ll find your purchasing power in Turkey is comparatively high.

If you’re new to Istanbul, accommodation will likely be your biggest expense, while fresh produce remains reasonably priced compared to Western Europe. That said, your choice of lifestyle will have the biggest impact on your monthly expenses.

Cost of accommodation in Istanbul

Finding a place to live in Turkey's capital is a balancing act between the location, convenience, and cost of accommodation in Istanbul. Accommodation will be one of your biggest expenses, but rental prices vary significantly depending on the neighbourhood, property type, and whether the rent is priced in Turkish lira or a foreign currency.

Houses and apartments with a view of the Bosphorus are available on both the Asian and European sides, but properties on the European side – particularly in upscale districts like Bebek and Nişantaşı – tend to be pricier. More affordable options can be found in districts like Kartal and Maltepe.

Rental laws offer some protection for tenants, including caps on rent increases in certain periods and tenant rights against unjust eviction. Most rental agreements are in writing and should specify payment schedules, lease duration, and maintenance responsibilities. Keep in mind that quoted rental prices often exclude monthly maintenance and utility costs, so budget accordingly.

Renting Accommodation and Utilities in Istanbul

Cost of transport in Istanbul

Public transport in Istanbul is extensive, efficient, and affordable, although the cost of transport in Istanbul can vary depending on your mode of travel. With an expanding metro network, trams, ferries, and the high-speed Metrobüs system, getting around the city is often quicker and cheaper than driving.

Recent improvements in the transport network have made commuting more efficient. The metro continues to expand, adding new lines to ease congestion. The Metrobüs, which operates in dedicated lanes, is a reliable option for east-west travel, reducing commute times compared to traditional buses. Smart bus stops and 24/7 services on some routes have also improved accessibility and service reliability.

Most Istanbul residents find they don’t need a car, as parking is limited and petrol prices are high. If you do drive, choosing a fuel-efficient vehicle and maintaining it regularly can help cut costs. Shopping around for insurance and using public transport for shorter trips can also save money in the long run.

Getting Around in Istanbul

Cost of groceries and goods in Istanbul

Groceries in Istanbul are generally affordable, especially if you buy seasonal local produce at weekly bazaars, although the cost of groceries and goods in Istanbul can still vary. Prices fluctuate based on the time of year, with summer bringing cheaper tomatoes, cucumbers, and melons, while root vegetables dominate in autumn.

While fresh produce is inexpensive, imported goods – such as electronics, premium coffee, and speciality Western foods – can be costly due to currency fluctuations and high import taxes. If you rely on foreign brands, be prepared to pay a premium.

For fresh and affordable groceries, visit local markets like Kadıköy Salı Pazarı or Beşiktaş Saturday Market, which offer quality produce at lower prices than supermarkets.

Cost of entertainment and eating out in Istanbul

Entertainment in Istanbul ranges from historic sights and cultural festivals to bustling nightlife and fine dining, and the cost of entertainment and eating out in Istanbul depends on your choices. Whether you’re exploring centuries-old landmarks, enjoying a jazz festival, or discovering local street food, there’s something for every budget.

The city hosts a variety of cultural events throughout the year that provide enriching experiences at reasonable costs. If you’re looking for authentic entertainment away from tourist hotspots, neighbourhoods like Kadıköy and Beyoğlu are worth exploring. Kadıköy’s Moda district is known for its live music venues, local theatres, and vibrant café culture, while Beyoğlu – home to the famous İstiklal Avenue – offers everything from historic cinemas to jazz bars.

Eating out in Istanbul offers a spectrum of choices, from local street food stalls to high-end restaurants. Traditional eateries serve up affordable and delicious dishes like simit, lahmacun, and fresh seafood, while international restaurants cater to those craving a taste of home. Dining near tourist hotspots tends to be pricier, so venturing into local neighbourhoods can help you find better deals.

Lifestyle, Shopping, Attractions and Activities in Istanbul

Cost of education in Istanbul

The cost of education in Istanbul varies widely depending on whether you choose public, private, or international schooling. Public schools are the most affordable option, but the language of instruction is Turkish, which can be a challenge for non-Turkish speakers.

Public schools follow a curriculum set by the Turkish Ministry of Education, with a strong emphasis on standardised testing and national subjects. Some schools offer supplementary language programmes for foreign students, but support can vary. Private schools provide more flexibility, often incorporating bilingual education, advanced science and technology courses, and a broader range of extracurricular activities.

International schools offer globally recognised curricula such as the International Baccalaureate, British, or American systems. These schools typically have smaller class sizes, student-centred teaching approaches, and a multicultural learning environment. Many expat families prefer international schools for their globally transferable education, but fees can be high.

If your child is not fluent in Turkish, consider supplementary language programmes offered by private institutions or local tutoring services to help with adaptation.

Education and Schools in Istanbul
International Schools in Istanbul

Cost of healthcare in Istanbul

The cost of healthcare in Istanbul can vary based on your coverage, but it is generally high-quality and affordable compared to much of Europe. The city has both public and private healthcare options, with private hospitals offering shorter waiting times and more personalised services.

Public healthcare is subsidised through the Social Security Institution (SGK), which covers employed residents and their dependents. SGK provides access to government hospitals and some private facilities at discounted rates. However, public hospitals often experience long waiting times due to high patient demand.

Private hospitals offer faster and more comfortable services, with many having English-speaking staff and state-of-the-art medical technology. These facilities are popular among expats and medical tourists, but they come at a higher cost.

Many long-term residents choose a mix of SGK and private health insurance to balance affordability and access to high-quality medical care. Private insurance plans vary in coverage but typically include access to a wider network of hospitals, reduced waiting times, and additional elective treatments.

Healthcare and Health Insurance in Istanbul