2025 Guide to Moving and Living in Turkey for Foreigners

In 2025, Turkey continues to offer one of the most attractive cost-of-living environments for expats, remote professionals, retirees, and entrepreneurs seeking both value and lifestyle.

While the country faces persistent inflation and economic fluctuations, these same conditions have created surprising advantages for those earning in stronger foreign currencies such as USD, GBP, or EUR.

Turkey’s cost advantage is particularly compelling when compared to Western nations. For instance, the average monthly cost of living in Istanbul is often 50–70% cheaper than in cities like London, Chicago, or Berlin.

This gap includes essential expenses like rent, groceries, dining, and transportation, making it possible to live more comfortably on a leaner budget.

Inflation & Economic Trends

Turkey’s economic environment in 2025 remains shaped by high inflation, with consumer prices still rising rapidly, although somewhat less dramatically than in previous years.

The Turkish Lira (TRY) continues to experience volatility against major global currencies. For locals, this translates into economic pressure and price instability, but for expats with income from abroad, it can mean significantly increased purchasing power.

For example, the Lira’s depreciation has kept domestic service costs low when converted from dollars or euros.

A foreign income that once covered basic expenses can now fund a higher standard of living, including luxury housing, premium healthcare, and leisure activities.

However, navigating this inflationary economy also requires strategic financial planning. Keeping local currency holdings minimal, converting only when needed, and staying informed about market shifts is critical for those living in Turkey long-term.

Pros & Cons of Living in Turkey as an Expat

Relocating to a new country always brings a set of trade-offs. But when it comes to Turkey, the pros often far outweigh the cons, especially for individuals or families with international income streams and long-term ambitions.

Here’s a realistic breakdown:

The Pros: Why Expats Thrive in Turkey

1. Cost of Living That Empowers You

From upscale apartments in Istanbul to seaside villas in Antalya, your housing dollar goes much further. Everyday expenses, dining out, utilities, transportation, are remarkably low compared to Western economies.

This makes it easier to allocate more towards investments, leisure, or education.

2. Affordable Premium Services

Private healthcare, domestic help, personal training, childcare, all the hallmarks of a luxury lifestyle, are accessible here at a fraction of the cost. Many expats enjoy full-time household staff and concierge medical services that would be cost-prohibitive elsewhere.

3. Fast & Accessible Residency

Whether you’re applying through property ownership or investment programs, Turkey offers one of the most streamlined residency tracks in the region. For families, this means quick documentation, easy renewals, and options for long-term permanence.

4. Tax Optimization Potential

Turkey operates a territorial tax system, meaning foreign-earned income may not be subject to local tax if structured properly. For many expats, this provides significant advantages for wealth preservation and tax efficiency.

5. Strategic Geographic Position

Istanbul functions as a central hub connecting Europe, the Middle East, and Asia. With global airports and short-haul flights to three continents, Turkey is ideal for professionals with regional interests.

6. Warm Climate & Rich Culture

A Mediterranean lifestyle, abundant sunshine, and centuries of layered history offer a deeply enriching experience. Turkish hospitality is legendary, and the slower pace of life in many regions adds to your wellbeing.

The Cons: What to Prepare For

1. Currency Volatility

The Turkish Lira is subject to regular fluctuations and high inflation. Expats must minimize local currency exposure and maintain reserves in stronger currencies.

2. Bureaucracy & Administrative Complexity

Processes can be opaque and outcomes may depend on interpersonal relationships as much as documentation. Having a trusted local lawyer or fixer is not a luxury, it's essential.

3. Geopolitical & Policy Shifts

While daily life is generally safe, Turkey’s dynamic geopolitical stance means there can be sudden shifts in regulations or social mood. Staying informed and agile is important.

4. Language Barriers

English is widely spoken in expat hotspots and among younger populations but navigating legal or healthcare systems often still requires Turkish fluency or translation support.

5. Social Integration Takes Time

To truly integrate, expats must understand Turkey’s trust-based social hierarchy and embrace cultural nuance. Surface-level adaptation is not enough to build meaningful connections.

Cost Breakdown by Major Turkish Cities

Turkey's cities vary significantly in terms of lifestyle and cost, offering options that suit a range of preferences, from cosmopolitan buzz to coastal relaxation.

Below is a city-by-city breakdown of living expenses to help you understand what to expect in each major location.

Living Expenses in Istanbul

As Turkey’s economic and cultural capital, Istanbul is the most expensive city in the country, but still extremely affordable by international standards.

• Rent: A one-bedroom apartment in a desirable neighborhood like Cihangir or Etiler ranges from US$1,200 to US$2,500 per month. Areas on the Asian side like Kadıköy or Üsküdar offer cheaper options between US$800 to US$1,600.
• Utilities: Monthly costs for electricity, water, heating, and garbage average around US$60–US$100.
• Internet: Fast and stable connections are widely available, typically US$10–US$15/month.
• Transport: A monthly Istanbulkart transit pass cost approximately 1,300 TRY (around US$40), with metro, buses, and ferries included.

A comfortable monthly budget for a single expat: US$1,500 to US$2,000
For a family of four: US$2,800 to US$4,000

Cost of Living in Ankara

As the political center and second-largest city, Ankara provides a more subdued lifestyle than Istanbul but with noticeable savings.

• Rent: Apartments are cheaper, with city center flats starting around US$500 to US$1,200.
• Utilities and groceries follow similar pricing trends but may be slightly lower due to less demand and fewer premium services.
• Dining and transport remain affordable, with smaller local restaurants and efficient public transit systems.

Monthly budget range for singles: US$1,200 to US$1,600

Expenses in Izmir

Izmir blends a laid-back Mediterranean lifestyle with urban sophistication. It's a popular choice for creatives, young professionals, and retirees.

• Rent: Expect to pay US$600–US$1,300 for centrally located one-bedroom flats.
• Lifestyle: Known for fresh markets and coastal cafes, food and leisure costs here are moderate.
• Utilities & Internet: Roughly in line with Istanbul or slightly cheaper.

Monthly budget for singles: US$1,200 to US$1,800

Living Costs in Antalya

For beach lovers and retirees, Antalya is a warm-weather haven with some of the

lowest costs among major cities.

• Rent: Coastal apartments and condos can be found from US$400–US$900, depending on proximity to the beach and tourist zones.
• Daily expenses: Groceries and local services are especially affordable.
• Transport & leisure: Low-cost taxis, dolmuş minibuses, and plenty of free or inexpensive entertainment options.

Monthly budget for singles: US$1,000 to US$1,400

Housing and Accommodation Costs

Finding the right home is one of the most crucial aspects of living in Turkey. The housing market offers everything from beachfront apartments to modern city lofts, at prices far more affordable than in many Western countries.

Rental Prices in Different Areas

Rent is the single biggest cost factor for most expats. Here's what you can expect across various types of locations:

• City Centers (Istanbul, Ankara, Izmir): Premium neighborhoods like Nişantaşı (Istanbul) or Alsancak (Izmir) offer modern one-bedroom flats for US$1,000 to US$2,500.
• Suburban or Non-Tourist Areas: Quieter districts such as Kadıköy or Bornova can offer great value, with similar-sized apartments ranging from US$600 to US$1,200.
• Coastal Towns (Antalya, Alanya): Beachside rentals start as low as US$400, particularly outside of high tourist season.

Lease contracts are typically annual, and landlords may require upfront deposits of 1–3 months' rent.

Many expats opt to use trusted local agents or relocation consultants to navigate the rental market efficiently.

Property Purchase Costs

Buying property is not only possible for foreigners, but also often the gateway to residency in Turkey.

• Apartment Prices: In Istanbul, central apartments start around US$100,000, while in places like Antalya or Bodrum, beachfront properties can be found from US$80,000.
• Transaction Costs: Expect to pay approximately 4–6% in additional fees, including title deed transfer tax, legal fees, and notary charges.
• Citizenship by Investment: Investing US$400,000 or more in real estate can qualify buyers for Turkish citizenship under the country's investment program.

Property markets vary significantly by region, so it’s advisable to conduct thorough due diligence or work with a legal advisor familiar with Turkish real estate law.

Utility Expenses

Basic monthly utilities for a standard two-bedroom apartment include:

• Electricity, water, gas & garbage collection: Typically, US$60–US$100, depending on usage.
• Internet (60+ Mbps): As low as US$10–US$15/month, with providers offering competitive bundles.

Energy efficiency may vary by building age and insulation. Older apartments tend to incur higher heating or cooling costs.

Home Maintenance Costs

Home maintenance in Turkey is generally inexpensive due to low labor costs:

• Cleaning Services: Weekly home cleaning starts at US$25–US$35 per visit.
• Repairs & Minor Renovations: Plumbers, electricians, and handymen charge US$10–US$30/hour, often negotiable.
• Apartment Complex Fees (Aidat): For buildings with security or amenities, expect a monthly charge of US$20–US$100, depending on the size and services included.

Overall, housing and accommodation costs in Turkey offer high value for money, especially for expats earning in foreign currency.

Daily Living Expenses in Turkey

Beyond rent and property, daily expenses in Turkey remain relatively low compared to Europe or North America.

This makes the country especially attractive for those seeking a balanced lifestyle with access to quality food, services, and healthcare, without breaking the bank.

Food and Grocery Costs

Turkey’s culinary culture revolves around fresh, locally grown produce, which keeps grocery bills reasonable.

• Monthly groceries for one person (including fresh fruits, vegetables, dairy, and meat): US$150–US$250
• For couples or small families: US$300–US$450
• Local markets (pazar) are the best places to shop for seasonal produce at affordable prices. Items like tomatoes, cucumbers, and greens are often sold by the kilo for under US$1.

Imported products and premium items (like almond milk, imported cheese, or wine) can significantly increase your food budget, so shopping local is key to savings.

Dining Out Expenses

Eating out is a deeply embedded part of Turkish life. Whether you’re grabbing a quick döner or dining at a fine restaurant, the range of options is diverse and affordable.

• Meal at a local eatery: US$5–US$10
• Mid-range restaurant (2 people): US$30–US$60
• Upscale dining or international cuisine: US$70–US$120

Even in major cities like Istanbul, it’s common for professionals and expats to dine out several times per week without significantly impacting their monthly budget.

Transportation Costs

Public transport in Turkey is extensive, clean, and well-priced.

• Monthly pass (metro, bus, tram, ferry in Istanbul): Around 1,300 TRY (~US$40)
• Single trip fare: Roughly 10–15 TRY (less than US$0.50)
• Taxis: Base fare starts at US$0.80, and even longer rides usually stay under US$8
• Ride-hailing apps like BiTaksi and Uber operate in major cities.

Owning a car increases costs due to fuel (currently US$1.30–US$1.50/liter), insurance, maintenance, and tolls, but is optional for most urban lifestyles.

Healthcare Expenses

Turkey has developed a reputation for world-class private healthcare at affordable prices, making it a popular destination for medical tourism and long-term expat living.

• Private health insurance (monthly): Starts from US$30–US$70, depending on coverage.
• Doctor consultation (private hospital): US$25–US$50
• Dental cleaning: As low as US$30
• Specialist or minor procedures: Often cost 70–80% less than in the US or UK.

Many expats choose private hospitals for their modern facilities and English-speaking staff. Public healthcare (SGK) is also available for residents but can have longer wait times.

Residency & Taxes in Turkey

If you're considering a long-term move to Turkey, understanding how residency and taxation work is essential for both peace of mind and financial efficiency.

Fortunately, Turkey remains one of the more accessible jurisdictions for legal relocation, especially when compared to many EU countries.

How to Get Residency in Turkey

Turkey offers multiple paths to legal residence, making it easy for investors, retirees, digital nomads, and families alike.

Short-Term Residence Permit (STRP)

Ideal for:

• Property owners
• Long-stay visitors
• Remote workers

Requirements include:

• A rental contract or title deed (Tapu)
• Proof of sufficient funds (~$500/month per person)
• Private health insurance (local plans accepted)
• A valid passport and biometric photos

The STRP is typically granted for one year, renewable annually.

Long-Term Residence Permit (LTRP)

For those who’ve lived in Turkey legally for 8 years or more without significant breaks. Once obtained, it provides indefinite stay rights with fewer renewal requirements.

Citizenship by Investment

With an investment of $400,000+ in Turkish real estate, you may qualify for citizenship (and a Turkish passport) in as little as 6–12 months. This program is especially attractive to investors seeking a strategic base in a geopolitically connected country.

Note: At Savory & Partners, we specialize in managing citizenship and residency processes for high-net-worth individuals. Our experts ensure your paperwork and compliance are handled smoothly and discreetly.

Taxes in Turkey for Expats

Turkey's tax system is residency-based, but with some generous exemptions if structured properly.

Tax Resident Criteria:

You become a tax resident if you spend more than 183 days per calendar year in Turkey.

• Local income (from work or business inside Turkey) is taxed progressively, from 15% up to 40%.
• Corporate tax applies at 25% for local entities.
• VAT (KDV) ranges from 1–20% depending on goods/services.

Foreign-Sourced Income

Here’s the key advantage: Turkey operates a territorial tax principle in many cases.

• Foreign income (from salaries, dividends, property abroad) may not be taxed in Turkey, especially if your "vital economic interests" (e.g. clients, companies, bank accounts) remain outside the country.
• Bank interest, pensions, or rental income from overseas may also be exempt, but this depends on your tax residency profile and any applicable treaties.

Documentation & Strategy

• You’ll need to provide proof of income source and where tax was (or wasn’t) paid.
• A skilled advisor can help you structure your finances to minimize or eliminate Turkish taxation on international revenue.

Why Turkey May Be Your Smartest Move in 2025

If you’re looking for a destination where your foreign income stretches further, your residency is fast-tracked, and your quality of life increases exponentially, Turkey deserves a top spot on your list.

Here’s what sets it apart:

• Real estate-led residency with a potential path to citizenship
• Financial freedom through tax-friendly systems
• Value for housing, healthcare, and services
• Cultural depth, connectivity, and coastal luxury
• Large and growing international expat communities

Need Help Moving to Turkey?

At Savory & Partners, we work closely with clients seeking Turkish residency or citizenship, ensuring every step is seamless, legal, and aligned with your long-term goals.

Whether it’s through investment, real estate, or relocation strategy, we’re here to make your journey effortless.

FAQs on Living in Turkey as an Expat

1.Is it expensive to live in Turkey as an expat?

Not at all, especially if you're earning in foreign currency. While inflation affects locals, expats benefit from an extremely favorable exchange rate. A single person can live well in Istanbul on $1,500–$2,000/month, and even less in smaller cities.

2. How is healthcare in Turkey for foreigners?

Excellent. Most expats prefer private hospitals for their high standards and English-speaking staff. Costs are affordable, and insurance coverage is widely accepted.

3. Is the Turkish passport strong?

Moderate. Turkish citizens have visa-free or visa-on-arrival access to over 120 countries, including Japan, South Korea, and much of Latin America. However, the EU and U.S. still require visas.

4. Can Americans (or other nationalities) move to Turkey easily?

Yes. U.S., UK, and EU citizens can enter Turkey visa-free or with an e-visa and then apply for a short-term residence permit locally. It’s one of the easiest pathways compared to European countries.

5. How many expats live in Turkey?

Over 1.1 million foreign residents currently live in Turkey. Istanbul, Izmir, Antalya, and Fethiye are expat favorites. Many join language schools and build strong communities.

References

Turkish Statistical Institute. (2025). Consumer Price Index (CPI) reports – 2024–2025 inflation and cost data. Retrieved from https://data.tuik.gov.tr

Revenue Administration of Turkey (Gelir İdaresi Başkanlığı). (2025). Individual income tax and residency rules in Turkey. Retrieved from https://www.gib.gov.tr/en

Social Security Institution of Turkey (SGK). (2024). Healthcare access and insurance coverage for residents and foreign nationals. Retrieved from https://www.sgk.gov.tr

Ministry of Interior – Directorate General of Migration Management. (2024). Residence permit types and regulations in Turkey. Retrieved from https://en.goc.gov.tr/residence-permits

Numbeo. (2025). Cost of Living Comparison Between Istanbul and Major Cities (User-Contributed Economic Data). Retrieved from https://www.numbeo.com/cost-of-living/comparison.jsp