Istanbul is considered to be an expensive city due to its metropolitan nature when it is compared to the other cities in Turkey for the Turkish citizens. Especially the students who move to Istanbul from other cities to study see the difference in the expenses the most. However, Istanbul is definitely not an expensive city for those who are coming from countries such as the United States of America or England.
Turkey has been economically struggling in recent years and the worth of Turkish currency is decreasing compared to other currencies such as USD. Thus, the prices of many things have been increasing along with the taxes and becoming hard to buy for the Turkish citizens as Turkey imports most of its resources.
When all these are considered one could say Istanbul is expensive for the
citizens who live in Istanbul and earn minimum wage. However, for those who are only travelling to Istanbul from European countries or America, Istanbul is a quite cheap city. Especially if you are careful about those who try to overcharge you, you will most likely enjoy your time in Istanbul.
We have prepared a list comparing different prices in different cities around the world to the prices in Istanbul. The comparing is done in USD for you to understand the differences. As a disclaimer, these are only estimated prices to give you an idea, however, the actual prices may change in time depending on the economy, the seller or the foreign currency.
|Meal for two (Mid-range, three-course)||17.01 $||80.00 $||63.38 $||45.09 $|
|Beer (imported)||3.40 $||8.00 $||5.70 $||3.95 $|
|Beer (domestic)||2.55 $||7.00 $||6.34 $||3.95 $|
|Cappuccino||1.88 $||4.52 $||3.47 $||2.98 $|
|Coke/Pepsi (0.33 liter)||0.71 $||2.03 $||1.75 $||2.38 $|
|Water||0.27 $||1.61 $||1.33 $||1.93 $|
|Milk (1 liter)||0.74 $||1.17 $||1.23 $||0.88 $|
|A Loaf of Bread||0.40 $||3.85 $||1.37 $||1.51 $|
|Eggs (12)||1.85 $||3.60 $||2.62 $||2.10 $|
|Chicken Breasts (1 kg)||3.66 $||12.94 $||7.99 $||8.57 $|
|Beef Round (1 kg)||10.23 $||15.11 $||11.01 $||13.11 $|
|Cigarettes (20 pack Marlboro)||2.21 $||14.00 $||13.94 $||7.21 $|
|One way ticket (local transport)||0.46 $||2.75 $||3.17 $||3.16 $|
|Gasoline (1 liter)||1.11 $||0.81 $||1.65 $||1.62 $|
|Basic Utilities (Average)||70.09 $||143.17 $||213.96 $||276.37 $|
|Internet||15.25 $||62.81 $||40.85 $||34.48 $|
|Monthly Gym Membership||26.56 $||78.50 $||54.13 $||29.62 $|
|Cinema||4.25 $||16.00 $||16.48 $||11.27 $|
|1 bedroom apartment rent in the city center||309.92 $||3,096.69 $||2,179.88 $||980.69 $|
|Average Monthly Net Salary||457.33 $||4,653.85 $||2,921.32 $||2,520.60 $|
It is estimated that a lifestyle that you have in New York with 7,800.00 $
including renting your apartment can be reached with 1,858.19 $ in Istanbul. When both of them are compared only based on the prices, consumer prices in Istanbul are lower than in New York by 63.37%. Even though it may seem positive when the minimum wage is considered, the local purchasing power drops significantly when both cities are compared. Local purchasing power in Istanbul is lower than in New York by 58.75%.
These prices are estimated as of June 2019 and may change over time or by the time of your visit. We highly recommend you to check the prices once more prior to your visit to Istanbul.