Turkey Cost of Living 2022

Fandango2020 Active member

63POSTS

4 years ago

This is an update to my previous post back in 2020 .. reasons why to move or retire in Turkey.

Well, things changed world wide

The Covid disastor, the lack of available truck drivers, the high delays and cost of international shipping,

world wide high inflation on all consumer goods, and yes the war in the Ukraine. Things are very vey high in Turkey now...

so if you have not purchased back in 2020... you will pay for it now.

Here are the updated cost of living in Turkey: _

Mainly what changed is the food and consumer goods prices is 2 to 4 times higher than 2020 due to inflation.

Cars are 3 to 4 times higher than 2020. Apartments purchase is 3 to 4 times higher than in 2020

Car or Apartment Rentals is 3 to 5 times what it was in 2020. this is all due to high demands. people are coming to Turkey from all over the world.

with this being said. you still can retire for $1,500 per month. but it will be tight. Providing you purchased your car and your new apartment already. if not. then you need at least $1,700 to retire comfortable $1,700 currently it is equals to 25,2267 LIRA . You'll live great! if single, if a couple, you still live super but, if you have more than one kid then you will need minimum of $2,000 to $2,500 per month to live super comffie as a family of 4 or maybe 6

Reasons why you should Move or Retire in Turkey in 2022

The country is very clean and safe it has all types of services like in America but at a lower cost.

Very safe to walk the streets, very low crime rate

Free schools; make sure you bring the official transcripts with you

Purchase old or new apartment and u get permanent residency visa

You need at least $1,700 per month to Live Great in Turkey that is equals to 25,2267 LIRA per month ...

that is alot of money believe me

Living costs from Low to High living per month as follows:

One time visit visa for =$25 good for 3 months

1 year visit visa= one person single =$150 one year

1 year visit for the whole family with kids =$350 one year -- $700 for 2 year visa

Apartment Rent furnished/ unfurnished & Low to High = $235 to $ 500 per month

Cost to Furnish your apartment A/C, Kitchen, Bedrooms,etc. Low/High = $4,000 to $7,000

Apartment services fees= $15 to $110 per month

Monthly Food shopping = $250 to $ 500 per month

Electric Bill= $40 to $ 200 per month

Gas Bill (cooking) = 26 per month

Water Bill= $5 to $25 per month

Fast Internet/Cable= $12 to $ 29 per month

Cell phone= Minutes, SMS and Data = $5 to $10 per month

Buying a good used car = $10,000 to $14,500

Car Fuel (gas) = $50 to $100 per month

Car Insurance full coverage = $270 per year

** Buying a new apartment = $95,000 to $300,000

I would suggest you purchase directly from the Turkeish Builder.

TO get Turkish citizenship purchase from a Turkish builder an Apartment that is worth $400,000 ..

Be advised, Real estate Agents hike up the prices $15k to $25K more than what the Selling owners is asking for.

The Türkiye expat guide

Comprehensive and free

Read it now

Fandango2020 Active member

63POSTS

4 years ago

I appreciate your feedback

indeed .... Restaurants were very cheap.. this no longer the case.. if you want to eat out every day ...it used to be 2500 lira.. now it is around 5000 lira a month for 2 people. good lunch or dinner may cost 250 to 300 LIRA now that is $335 per month

so you still can live comffie for $2000 per month that is 29,999 lira ... lots of money in here

the cost is high now compared to 2020 that is if you're Turkish and having a Turkish job. but for Expats like us. it is still the same in Dollars.

i spend $1500 to $1700 per month.. that is nothing in America.. can't even get a good house in a good area for $1700 a month..

So we are very lucky to live very comffie in Mahmutlar for $1700 amonth. and we smoke too..

we own a new apartment and a used car.. I highly recommend those who want to live in Turkey to purchase an apartment and a good car...

the low/high ranges i listed are just that . you may get it or spend that low or if you want to be in a higher living scale you will pay up to that listed high range.

if you have kids and want to put them in private schools. then plan to spend upt to 30,000 lira per child per year.. i did not list that because public schools are free

again i appreciate yours and anyone's feedback

Fandango2020 Active member

63POSTS

4 years ago

correction - 9000 lira per month if you eat out everyday. that is $620 per month. we dont eat out every day. thats why my calcualtion was off

so i guess if you plan to eat out every day.. then you will need at least $2500 per month and if you have kids in privat schools.. then add at least $1000 per motnh.. so you will need $3,500 per month... and that still is way cheaper than the USA... my avergae monthly spending was $6,000 per motnh and every month... so Thank God for Turkey

1 member reacted to this post

siamajidi New member

5POSTS

4 years ago

Medical insurance cost was not mentioned?

cdw057 ViP

2052POSTS

4 years ago

@siamajidi Health insurance, what can I say, I intend to enroll in SGK after the first year.

More in general, I do not like insurances, having said that some are necessary (health notably, but also property, ...). We take a certain risk for the first year, but OK, still being covered as an expat in the Netherlands is better (I speak Dutch and English and support for (Netherlands) eg Alzheimer or going to pain in foot is excessive (people pay and receive excessive support (daily visit for shower, taxi go to shop, ....). All good but who pays??

Personally I just prefer to die from a heart attack (spending time in hospital is NEVER nice). 200/300 years ago there was no support, no hospitals, nothing. We have something, but I AM VERY SCEPTICAL on health insurance in general. (Somebody has to pay staff, possible profit, ..).

Still I will take it when available (very very basic right now for residency permit)

I am Dutch (on top), moving to UK, Luxembourg and Hungary. Many complaints about Hungary health care, actually I was quite happy.

Bottom line all of us die, I prefer in a comfortable bed with Kebab, but when being in hospital I will not notice.

avvuralgokhan Active member

53POSTS

4 years ago

@Fandango2020 Even 1000 dollars would make you a kingpin

1 member reacted to this post

Fandango2020 Active member

63POSTS

4 years ago

@avvuralgokhan

İndeed,

Especially if you're single ☺️

Baybars Zaimoglu Active member

36POSTS

4 years ago

I'm retired person from the U.S. and live better in Turkey rather than struggling with my pension in Chicago.In Izmir with $1000 you will rent a great place to live here.In Chicago I used to work a job plus my pension now in Izmir I do my hobbies and play football in the park.Football is getting popular and making new Houston Texans fans here despite of their dismal record.Anything above $1000 is great here even small cities get better.But Marmaris,Bodum,Alanya seaside towns are priced with Euro a kind of expensive.But If I make $10000 a month I'd live in Miami or anything Florida rather than Turkey but life is cheap even cheaper ,I hope $1 goes over 20 TL so we live better ,life is getting cheaper despite of inflation here.Watch currency and inflation before make a move.

asela28sl Contributor

111POSTS

4 years ago

#10

@Fandango2020

purchase a new or old apartment will get permanent residency ? Is that true?

Pariste Active member

68POSTS

4 years ago

#11

Yas. Just residence.

No right to work.

asela28sl Contributor

111POSTS

4 years ago

#12

@Pariste

thanks for your reply. can you tell me more about it please? how much will to cost? average cost. where can I find?

Baybars Zaimoglu Active member

36POSTS

4 years ago

#13

It depends on where you live in Turkey.Istanbul requires more income but smaller cities a lot cheaper and safer than Istanbul.Based on your budget ,you can pick city.You can buy an apartment in Istanbul but same amount you can buy five of them some other city and rent 4 of them,increase your income.Turkey is a great investment country,you get richer easily than U.S. I wish I came earlier rather than living the States.

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