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Cost of Living

The cost of living in Istanbul is lower than many other European cities. However, Istanbul has a high cost of living relative to the rest of Turkey. Students should be aware of that there are many social activities to spend money comparing to the other cities in Turkey.

Experiences also show that students in Istanbul spend approximately 500-1000 € per month including room, food and transportation. However, the amount of money you will need depends on your life style. For example, if you plan to travel different parts of Turkey, you will definitely need more money.

Below is an estimated monthly budget in Turkish Lira to give you an idea of the cost of living:

Expense CategoryBudget LifestyleModerate Lifestyle
Accommodation8,000 – 15,000 TRY15,000 – 30,000+ TRY
Food4,000 – 7,000 TRY7,000 – 12,000 TRY
Transportation1,300 – 2,000 TRY1,500 – 2,500 TRY
Other Expenses (internet, mobile phone, study materials, personal expenses, social activities, etc.)2,000 – 5,000 TRY5,000 – 10,000 TRY

Are you ready to apply at Istanbul Ticaret University?

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