How much money do i need to live in istanbul?

September 10, 2025, 7:09 PM

Living in Istanbul, Turkey’s most populous and most expensive city, has become even more challenging as of 2025. According to the Istanbul Planning Agency’s August 2025 report, the average monthly cost of living for a family of four has reached 98,735 TL. This figure represents an increase of more than 43% compared to the previous year.

Housing Expenses

Rental prices in Istanbul vary by neighborhood, but average rates are as follows:

1+1 apartment: 15,000 – 20,000 TL
2+1 apartment: 18,000 – 25,000 TL
3+1 apartment: 22,000 – 30,000 TL

For those looking to buy property, prices start at 3 million TL and can go up to 20 million TL depending on location and size.

Basic Necessities

Electricity and natural gas: Average 2,500 TL/month
Water: 300 – 500 TL/month
Internet + phone: 300 – 500 TL/month
Groceries (for a family of four): 12,000 – 15,000 TL/month

Transportation Costs

Public transportation in Istanbul is accessed via the Istanbulkart. 2025 rates are:

Standard fare: 27 TL
Student fare: 13.18 TL
Monthly pass (180 rides): 2,120 TL

Taxi base fare: 30 TL, per kilometer: 20 TL

Budget restaurant: 400 TL
Mid-range restaurant (for two): 1,500 TL
Coffee: 100 TL
Beer: 200 TL

Insurance and Education

State health insurance is mandatory for employees. Earthquake insurance (DASK) is required for utility connections. University tuition averages 300,000 TL per year, while student living expenses range from 10,000 to 15,000 TL per month.