Istanbul, known for its shockingly low cost of living, stands out as an affordable travel destination compared to other major cities around the world. According to Mercer’s Cost of Living Index, it ranks 185th in terms of affordability.
In a popular city like Istanbul, the cost factor comes as a pleasant surprise. Whether you are a visitor or a local resident, let’s take a closer look at the cost of living in Istanbul as of September 2023.
Accommodation costs in Istanbul
When it comes to travel expenses, accommodations usually take up a significant portion. Fortunately, Istanbul offers various options to suit every budget. From luxurious hotels to cozy hostels, there is something for everyone. Hostels and motels have different price ranges, but typically, you can find mid-range accommodations starting at around $40 per night.
Staying Connected on a Budget
Stay connected during your visit to Istanbul without breaking the bank. Turkey’s main GSM providers offer monthly plans starting as low as $3; explore their websites for more details. You can find further information on our dedicated page on Internet Access.
When visiting the following websites, please make sure to use a translation tool to view the offers conveniently: Vodafone, Turkcell, Türk Telekom
To keep your travel expenses under control, take advantage of Istanbul’s efficient public transportation system. Our “Getting Around” guides will help you navigate buses, trams, and ferries while saving money. For more budget-friendly travel tips and free events happening throughout the city, don’t forget to check out our “Istanbul on a Budget” page and the Event Calendar.
Exploring Istanbul’s Cultural Scene
Istanbul is loaded with opportunities for cultural encounters. Museum admission prices typically range from $3.5 to $35 per person; alternatively, you can opt for the complete Museum Pass, priced at $80. If you’re looking for a different perspective on the cityscape, consider taking the city-sight bus tour for $48.
Let’s dive into some typical costs for popular items in Istanbul
Restaurants
| Item | Type | Price Range | Average Price |
| Restaurant | Inexpensive | $4—10 | $7 |
| Restaurant | Mid-range | $11—33 | $22 |
| Big Mac | Standard | $6,5 | $6,5 |
| Domestic Beer | 0,5 ℓ | $3,3—5,5 | $4,4 |
| Imported Beer | 0,33 ℓ | $5,2—8,5 | $6,85 |
| Water | 0,33 ℓ | $0,7—1,10 | $0,90 |
| Soft Drinks | 0,33 ℓ | $1—1,5 | $1,25 |
Transportation
| Item | Type | Average Price |
| Local Transport | One-way ticket | $0,55 |
| Taxi | Starting fare | $0,70 |
| Taxi | Per kilometer | $0,50 |
| Gasoline | 1 ℓ | $1,43 |
Market
| Item | Type | Price Range | Average Price |
| Water | 0,5 ℓ | $0,15—0,26 | $0,20 |
| Water | 5 ℓ | $0,59—0,95 | $0,75 |
| Milk | 1 ℓ | $0,8—1,27 | $1 |
| Vegan Milk | 1 ℓ | $2—3,6 | $2,8 |
| White Rice | 1 kilogram | $1,5—2,75 | $2,12 |
| Eggs | Pack of 10 | $2—3 | $2,5 |
| Local Cheese | 1 kilogram | $11—13 | $12 |
| Chicken Breast | 1 kilogram | $3,6—7,85 | $5,7 |
| Turkey Breast | 750 grams | $5,20—7 | $6,10 |
| Beef | 1 kilogram | $17—19 | $18 |
| Apples | 1 kilogram | $0,90—1,3 | $1,1 |
| Bananas | 1 kilogram | $1,4—2,6 | $2 |
| Oranges | 1 kilogram | $1—1,5 | $1,25 |
| Tomatoes | 1 kilogram | $1,2—2 | $1,6 |
| Onions | 1 kilogram | $0,3—0,9 | $0,6 |
| Potatoes | 1 kilogram | $0,5—1,15 | $0,8 |
| Cigarettes | One pack | $1,5—1,9 | $1,7 |
| Domestic Beer | 0,5 ℓ | $1,8—3,4 | $2 |
| Imported Beer | 0,33 ℓ | $2,4—2,6 | $2,6 |
Final Thoughts
Istanbul not only boasts a rich historical background and stunning architecture but also offers an incredibly cost-effective travel experience. Picture a city where you can fully involve yourself in everything it has to offer without worrying about expenses. Whether you’re visiting or considering making Istanbul your permanent home, it promises an unforgettable journey at an affordable price. Come and explore this amazing city by the Bosphorus, where every moment is an opportunity to create lasting memories.
Cover photo (retouched) by Yunus Tuğ