What is middle class income in Turkey?

Median salary

In Turkey, the median salary is 7,830 TRY (420 USD) per month. This means that 50% of workers in Turkey earn more than 7,830 TRY/month, and another 50% earn less than 7,830 TRY/month.

What is a good salary in Turkey?

Average Salary Range in Turkey

Average monthly salary ranges in Turkey from 8,506 TRY (452 USD), the lowest average, to 357,705 TRY (18,800 USD), the highest average.

Is Turkey upper-middle income?

Turkey has an upper-middle income mixed-market emerging economy. As of 2023, Turkey has ninteenth-largest economy in the world by nominal GDP and the eleventh-largest economy by PPP standards. It is often classified as a newly industrialized country by economists and political scientists.

How rich is a household in Turkey?

The mean annual household disposable income was 76 thousand 733 TL in 2021 with an increase of 10.6% compared to previous year in Türkiye. In Türkiye, the mean annual equivalised household disposable income increased by 11.9% compared to the previous year from 33 thousand 428 TL to 37 thousand 400 TL.

What is the median wealth in Turkey?

The average median household income (PPP) was $40,094 in 2021. Turkey's median household income (PPP) hit $26,640 in 2021, an increase of 2% over the previous year.

Salary in Turkey (What are the average salaries in Türkiye

Is cost of living high in Turkey?

Family of four estimated monthly costs are 1,388.0$ (26,196.9TL) without rent. A single person estimated monthly costs are 395.9$ (7,472.8TL) without rent. Cost of living in Turkey is, on average, 58.7% lower than in United States. Rent in Turkey is, on average, 82.7% lower than in United States.

What is the average income in Turkey in US dollars?

The average salary in the most recent year (2022) in Turkey is about 94,000 Turkish Lira (TRY) per year. That's roughly about 5,040 US Dollars, as per the December 2022 exchange rate.

How much is the average house in Turkey in dollars?

The average price per square meter of residential real estate in Turkey reached $675 in October 2022, and the average cost of a house was $87,736.

Is it cheaper to live in Turkey than us?

The cost in Turkey is at least 35 percent lower, with an average of $689. For the average monthly cost of living for a working individual, excluding rent, Turkey is also 58.6 percent cheaper at $408 compared to $985 in the US.

Is Turkey in the third world?

Examples of second-world countries by this definition include almost all of Latin and South America, Turkey, Thailand, South Africa, and many others. Investors sometimes refer to second world countries that appear to be headed toward first world status as "emerging markets" instead.

What is the gap between rich and poor in Turkey?

According to its World Inequality Report 2022, the richest 10% earn 23 times more income than the poor bottom 50% in Turkey. The report said that the top 10% earn 54.5% of the total income in the country.

Which region of Turkey is the richest?

Istanbul, the largest and wealthiest city, has strong and diverse economies that contribute significantly to Turkey's economic prosperity.

How much doctors earn in Turkey?

Average salary:

The average yearly salary of a general practitioner or medical doctor in Turkey is 221,000 TL or 11,854 USD (Salary explorer).

How much does an apartment cost in Turkey?

Prices of apartments in Turkey in dollars

As for the prices of apartments in residential complexes, it usually starts from 70 to 90 thousand US dollars. The average price for a 3 + 1 family apartment is between 100 and 190 thousand US dollars.

How much do Turkish hotel staff earn?

Barmen and waiters average 1200-1600TL ,cleaners 1000-1300TL and bellboys 900-1100TL. These are on par with or slightly above the current minimum salary of 1000TLgross(which is slated to rise to 1300TL around January time). Some hotels are open all year round so this is a regular income for some staff.

Can a US citizen buy a house in Turkey?

Foreigners may buy land and property in Turkey in their own names, as long as the properties are located in towns, not in villages, or rural regions, or military zones. That said, there must be a municipality in the region where the property is located, and the property must be located within its bounds.

Is it smart to buy a house in Turkey?

Real estate buyers in Turkey have the added advantage over those in Cyprus or Spain, where property prices have already skyrocketed. With minimal annual maintenance and upkeep, well-maintained property in Turkey can bring a massive return on long-term investment.

What is the most expensive place to live in Turkey?

Istanbul has the highest cost level in Turkey and ranks first in the cost of real estate trading and property purchase in Turkey, beverages and food, water, gas and electricity.

How much is the average rent in Turkey?

Housing rent and utilities

If you plan to rent an apartment not on the shores of the Aegean or Mediterranean seas, you should expect from 4,000 to 6,000 Turkish lira per month (€200-330) for a two-room apartment. In Istanbul, a one-room apartment on the outskirts of the city costs from 3,500 liras (€180).

Can Americans retire in Turkey?

Turkey doesn't have a visa specifically for retirement, so you have to apply for a residence permit instead. This requirement applies to anyone who intends to remain in the country more than three months.

Is $1000 dollar enough in Turkey?

jordansbulls, Assuming that your $1000 budget does not include lodging, but just transportation, entrance fees and meals, you should have no difficulty with a $1000 budget. Turkey uses the Turkish Lira (TL). Today's exchange rate is 2.03TL for every $1.00USD.

Is Turkey a good place to retire to?

The answer is simple, given Turkey's developing economy, excellent health care, modest cost of living, and flexible regulations. If you are willing to give up your job and have sufficient finances, Turkey is an excellent destination to retire.

What are the cons of living in Turkey?