When people come to Izmir to live or visit, they get amazed by the unique experience of this fantastic city with a rich cultural and historic heritage. One of the most important questions for anyone living in Izmir is “how much is the cost of living in Izmir?”
The climate in Izmir is very pleasant all year long and living in Izmir has many advantages. Therefore, people frequently choose this city as their future permanent destination and investment. So, why not join the foreigners who buy property in Izmir Turkey?
Are you searching for the answer to this question, “how much does it cost to live in Izmir?”, because you desperately want to invest in Izmir? Check out this blog for all up-to-date prices and the cost of living in Izmir!
How Much is the Monthly Cost of Living in Izmir?
One of the benefits of living in Izmir is that the cost of living in Izmir is lower compared to other Turkish and European cities. Many things can help you save money for your life in Izmir. If you have to pay rent, then be sure to reduce unnecessary expenses in your life so that you can have a quiet and good life.
In addition, you can enjoy a lot of interesting and varied entertainment that does not cost you anything. Why not take a relaxing stroll down Kordon, Izmir’s famous seaside promenade or window shop in the colorful Kemeralti Market or take the sun or a dip in one of its many beaches.
In general, the cost of living in Izmir depends on your lifestyle, clothing, and type of food, location and area of residence. Here are the most up-to-date prices and living costs in Izmir, so stay tuned.
Cost of living Estimate in Izmir (today’s update)
An average single consumer can make it through one month for around $ 360 and in order for a couple to have a good life in Izmir, their monthly income must be around US $ 585. This amount can well cover the normal living expenses of a couple in Izmir. This amount is very reasonable compared to other big cities in Turkey, and for this reason, many people are interested in investing and buying apartments for sale in Izmir Turkey.
Rent will take a big part of your income. One of the advantages of investing in Izmir and buying a property is that you can rent the same property and have a passive income from it. If you are planning to buy a property in Turkey or you are looking to invest in Izmir, contact our consultants right now to guide you.
The cost of food in restaurants in Izmir
Definitely dining out in restaurants is one of the things that need to be included in the cost of living. The cost of your meals in Izmir varies greatly depending on the restaurant and the type of food you choose.
In general, if you are looking for a reasonably priced meal, you can find good quality food in small, local restaurants in Izmir. However, taxes on imported alcohol and international food have certainly made these kinds of food more expensive than Turkish meals. Whilst restaurants may offer fancier food, canteens are a much more affordable substitute in Izmir.
The table below provides useful and concise information on the price of essential food for a family in Izmir.
|A meal at the inexpensive restaurant||30.00 – 100.00 TL|
|Meal for 2 People, Mid-range Restaurant||167.50 – 600.00 TL|
|McMeal at McDonalds||50.00 – 60.33 TL|
|Domestic Beer (0.5 liter draught)||22.00 – 55.00 TL|
|Imported Beer (0.33 liter bottle)||28.00 – 60.00 TL|
|Cappuccino (regular)||15.00 – 40.00 TL|
|Coke/Pepsi (0.33 liter bottle)||6.50 – 15.00 TL|
|Water (0.33 liter bottle)||2.50 – 10.00 TL|
Cost of shopping in the markets and supermarkets of Izmir
When you move to a new city where food and culture are different from in your home country, it is important to follow the lifestyle of its residents. In this way, you would be able to adjust to the surroundings and not spend a fortune on non-essential things. Therefore, it is better to buy your food from local markets at affordable prices.
|Milk (regular), (1 liter)||10.00 – 20.00 TL|
|Loaf of Fresh White Bread (500g)||3.00 – 16.00 TL|
|Rice (white), (1kg)||15.00 – 33.07 TL|
|Eggs (regular) (12)||16.80 – 36.00 TL|
|Local Cheese (1kg)||60.00 – 138.00 TL|
|Chicken Fillets (1kg)||35.00 – 91.12 TL|
|Beef Round (1kg) (or Equivalent Back Leg Red Meat)||105.00 – 200.00 TL|
|Apples (1kg)||6.00 – 20.00 TL|
|Banana (1kg)||15.00 – 40.00 TL|
|Oranges (1kg)||5.00 – 25.00 TL|
|Tomato (1kg)||8.50 – 30.00 TL|
|Potato (1kg)||4.25 – 15.00 TL|
|Onion (1kg)||2.95 – 10.00 TL|
|Lettuce (1head)||5.00 – 18.00 TL|
|Water (1.5 liter bottle)||3.00 – 8.00 TL|
Cost of transportation in Izmir
In general, in order to save on living expenses, it is better to use public transportation for your daily commute in Izmir. Izmir is a small city and you can easily get around. Therefore, you can use buses and trams, which are not expensive. This will save you time and money. In addition, you can easily go wherever you want.
|One-way Ticket (Local Transport)||5.00 – 8.00 TL|
|Monthly Pass (Regular Price)||217.39 – 469.57 TL|
|Taxi start (Normal Tariff)||6.00 – 20.00 TL|
|Taxi 1km (Normal Tariff)||5.00 – 20.00 TL|
|Gasoline (1 liter)||19.90 – 26.00 TL|
Average price of Utilities in Izmir
Choosing a suitable place to live or buy an apartment in Izmir is one of the most important things to consider when migrating to a new country. It’s also inevitable that you will need a mobile phone when you arrive in the country. Be sure to buy a SIM card from reputable centers at reasonable costs. You can save a lot of money just by considering this thing.
Don’t worry about internet costs in Izmir at all. Because all the basic services with the Internet connection included are affordable in Izmir.
|Basic (Electricity, Heating, Cooling) for 85m2 Apartment||708.33 – 1,800.00 TL|
|1 minute of Prepaid Mobile Tariff Local (No Discounts or Plans)||0.17 – 2.00 TL|
|Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)||120.00 – 200.00 TL|
How much does a sport cost in Izmir?
You can easily find different types of entertainment in Izmir for every taste. If you are a sportsman or you are very interested in sports, you do not need to worry about the costs of your sports club. Because all sports clubs offer their services to sports fans at a reasonable price.
|Fitness Club, Monthly Fee for one Adult||150.00 – 500.00 TL|
|Tennis Court Rent (1 Hour on Weekend)||150.00 – 300.00 TL|
|Cinema, International Release, 1 Seat||35.00 – 75.00 TL|
The cost of clothes and shoes in Izmir is quite affordable!
If you are worried about buying clothes, I must tell you that there are all kinds of clothes available in the market at various prices in Izmir. If you are looking to buy branded and stylish clothes, you can easily find your favorite clothes in big and brand shopping malls. In addition, if you are looking to buy clothes at affordable prices, stylish clothes made in Turkey are available in shops.
|1 Summer Dress in a Chain Store (Zara, H&M)||200.00 – 700.00 TL|
|1 Pair of Nike Running Shoes (Mid-Range)||600.00 – 1,500.00 TL|
|1 Pair of Jeans (Levis 501 Or Similar)||250.00 – 800.00 TL|
|1 Pair of Men Leather Business Shoes||400.00 – 1,000.00 TL|
How much is the monthly rent in Izmir?
In general, monthly rent is less expensive than in Istanbul and Ankara. Therefore, people with the average salary would be able to pay for a one-bedroom apartment at the price ranging from $150 to $250 in Izmir, which is good. The table below shows the monthly rent of a house in different parts of Izmir.
There are also stylish and attractive villas in Izmir that are considered stylish and luxury choices for accommodation. In order to make the best choices and buy a villa for sale in Izmir, contact our consultants in AlKhail.
|Monthly Rent||Price (range)|
|Apartment (1 bedroom) in City Centre||2,500.00 – 6,000.00 TL|
|Apartment (1 bedroom) Outside of Centre||1,700.00 – 3,500.00 TL|
|Apartment (3 bedrooms) in City Centre||5,000.00- 12,000.00 TL|
|Apartment (3 bedrooms) Outside of Centre||3,00.00 – 7,000.00 TL|
The cost of childcare in Istanbul
If you have a child who has to worry about the cost of his education, then it is better to know that there are different types of private and public schools in Izmir. The tuition of each of these schools also depends on the number of services you receive.
|Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child||2,000.00 – 4,500.00 TL|
|International Primary School, Yearly for 1 Child||36,446.00 –88,000.00 TL|
Is buying properties in Izmir affordable?
One of the reasons Izmir is so popular among foreign investors is its convenient living conditions and low costs of living. The cost of living in Izmir is much more affordable than in other big Turkish cities. In addition, the utilities and leisure activities are not expensive in Izmir, thus not much money is spent on them. This is definitely an important advantage of living and investing in Izmir.
If you also want to buy a residential property in Turkey and you are looking for the best suitable choices in Izmir, why don’t you contact our real estate consultants in Alkhail right now? At Alkhail, our consultants are ready to answer your questions properly 24 hours a day. Do not miss this opportunity and apply for permanent residence in Turkey through an investment scheme right now.
Do you think living in Izmir is more affordable than in other European cities? Your opinion is valuable to us. Write your comments for us.