Last update: Nov 2026

Cost of Living Comparison Between Hanko and Istanbul

For one person, living is cheaper in Istanbul: $1,519 a month against $1,861 in Hanko, rent and utilities included – about $4,100 less a year. Other living expenses account for most of the difference.

89

Cost of Living Index in Hanko
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Hanko Living Index
73

Cost of Living Index in Istanbul
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Istanbul Living Index

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Hanko

🇫🇮 Finland

$1,861

/mo nomad

Istanbul

🇹🇷 Turkey

$1,519

/mo nomad

Monthly Cost of Living

How much you'll spend in Hanko and in Istanbul

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Hanko and in Istanbul actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,861 in Hanko versus $1,519 in Istanbul.

Hanko $1,861
Istanbul $1,519

Estimated couple costs with rent: $2,871 in Hanko versus $2,365 in Istanbul.

Hanko $2,871
Istanbul $2,365

Monthly costs for a family of three with rent: $3,882 in Hanko versus $3,212 in Istanbul.

Hanko $3,882
Istanbul $3,212

Living in Hanko is roughly 23% more expensive than in Istanbul, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Hanko 38% above, Istanbul 12% above.

Meal at Budget Restaurant

$15.59 €13.89

$11.81 ₺591

32.01%

Three-Course Dinner for Two, Mid-Range

$87.7 €78.2

$54.9 ₺2,748

59.79%

Fast Food Meal (McDonalds, etc)

$11.91 €10.61

$9.26 ₺463

28.62%

Cappuccino

$5.30 €4.72

$4.30 ₺215

23.26%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.92 €2.60

$1.77 ₺88.8

64.97%

Water (0.33 liter bottle)

$1.96 €1.75

$0.56 ₺28.26

250.00%

Local Beer (0.5 liter draught)

$7.63 €6.80

$4.69 ₺234

62.69%

Imported Beer (0.33 liter bottle)

$8.80 €7.84

$7.12 ₺356

23.60%

Milk (1 liter)

$1.30 €1.16

$1.25 ₺62.6

4.00%

White Bread (500g)

$2.66 €2.37

$0.88 ₺44.07

202.27%

Rice (white) (1kg)

$2.40 €2.13

$2.20 ₺110

9.09%

Eggs

$3.25 €2.89

$2.43 ₺122

33.74%

Local Cheese (1kg)

$8.79 €7.83

$10.48 ₺524

-16.13%

Chicken Fillets (1kg)

$14.35 €12.78

$5.31 ₺266

170.24%

Beef Round Steak (1kg)

$21.25 €18.93

$21.10 ₺1,056

0.71%

Apples (1kg)

$2.36 €2.11

$1.86 ₺92.9

26.88%

Banana (1kg)

$2.05 €1.83

$2.30 ₺115

-10.87%

Oranges (1kg)

$2.58 €2.30

$1.22 ₺60.8

111.48%

Tomato (1kg)

$3.83 €3.41

$1.80 ₺90.0

112.78%

Potato (1kg)

$1.29 €1.15

$0.69 ₺34.75

86.96%

Onion (1kg)

$1.94 €1.72

$0.64 ₺32.09

203.12%

Lettuce (1 head)

$2.86 €2.54

$1.36 ₺67.8

110.29%

Water (1.5 liter bottle)

$2.07 €1.85

$0.58 ₺28.88

256.90%

Cigarettes 20 Pack (Marlboro, Camel)

$12.57 €11.20

$2.34 ₺117

437.18%

Wine (Bottle)

$15.92 €14.18

$13.03 ₺652

22.18%

Local Beer (0.5 liter bottle)

$3.05 €2.71

$2.36 ₺118

29.24%

Imported Beer (0.33 liter bottle)

$3.35 €2.99

$3.32 ₺166

0.90%

One-way Ticket (Public Transport)

$3.31 €2.94

$0.88 ₺43.97

276.14%

Public Transport Monthly Pass (Regular Price)

$64.4 €57.4

$66.1 ₺3,309

-2.63%

Taxi Start (Normal Tariff)

$4.30 €3.83

$1.28 ₺64.3

235.94%

Taxi (Normal Tariff) (1km)

$1.32 €1.17

$0.85 ₺42.70

55.29%

Taxi 1hour Waiting (Normal Tariff)

$65.1 €58.0

$11.09 ₺555

487.38%

Gasoline (1 liter)

$2.39 €2.13

$1.48 ₺73.9

61.49%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$36.7K €32.7K

$48.6K ₺2.4M

-24.54%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$36.9K €32.9K

$42.0K ₺2.1M

-12.09%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$130 €116

$92.7 ₺4,639

40.38%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$24.93 €22.20

$11.20 ₺560

122.59%

Internet (50+ Mbps, Unlimited Data)

$23.80 €21.20

$15.89 ₺795

49.78%

Gym Membership (Monthly)

$43.21 €38.49

$74.7 ₺3,737

-42.14%

Tennis Court (1 Hour on Weekend)

$22.16 €19.74

$22.95 ₺1,149

-3.44%

Cinema Ticket

$17.98 €16.01

$8.05 ₺403

123.35%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$324 €289

$948 ₺47.5K

-65.82%

International Primary School, 1 Child (Yearly)

$12.8K €11.4K

$36.9K ₺1.8M

-65.21%

Jeans (Levis 501 Or Similar)

$97.5 €86.8

$53.9 ₺2,696

80.90%

Summer Dress (H&M, Zara, etc)

$48.46 €43.17

$41.49 ₺2,076

16.80%

Sport Shoes (Adidas, Nike)

$101 €90.4

$101 ₺5,049

0.59%

Men's Leather Business Shoes

$151 €135

$91.3 ₺4,570

65.59%

1-bedroom Apartment, City Center (Monthly)

$777 €692

$1,014 ₺50.7K

-23.36%

1-bedroom Apartment, Outside City Center (Monthly)

$660 €588

$625 ₺31.3K

5.75%

3-bedroom Apartment, City Center (Monthly)

$1,216 €1,083

$2,005 ₺100.4K

-39.37%

3-bedroom Apartment, Outside City Center (Monthly)

$1,030 €918

$1,126 ₺56.3K

-8.51%

Buy Apartment in City Center (m2)

$3,965 €3,532

$2,988 ₺149.5K

32.72%

Buy Apartment Outside City Center (m2)

$2,135 €1,902

$1,730 ₺86.6K

23.39%

Average Monthly Net Salary (After Tax)

$4,534 €4,039

$1,136 ₺56.9K

299.01%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.51

40.42

-91.32%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Hanko: November 2, 2026

Last update for Istanbul: November 2, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Hanko

$660 35.5%

Istanbul

$625 41.1% 5.4% $36

Groceries & Markets

Hanko

$375 20.2%

Istanbul

$258 17% 31.2% $117

Eating Out

Hanko

$299 16.1%

Istanbul

$221 14.6% 26.2% $78

Clothing & Footwear

Hanko

$179 9.6%

Istanbul

$129 8.5% 27.9% $50

Monthly Utilities & Internet

Hanko

$179 9.6%

Istanbul

$120 7.9% 33% $59

Getting Around

Hanko

$88 4.8%

Istanbul

$75 5% 15% $13

Sport & Entertainment

Hanko

$79 4.3%

Istanbul

$91 6% 14.7% $12

Cost Breakdown

A one-bedroom apartment in the center runs $777 in Hanko and $1,014 in Istanbul. Housing cost is often the main lever when comparing two cities.

Hanko pays about 4 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $88 in Hanko vs $55 in Istanbul for a mid-range dinner for two. Groceries echo the gap at $375 vs $258 per month, with Istanbul cheaper across the board.

Good to know

🇫🇮 Hanko

🇹🇷 Istanbul

🕒 Local time

04:18 4:18 AM

05:18 5:18 AM

1 h ahead of Hanko

🌤 Weather

👥 Population

8,000

15,701,602

💱 Currency

Euro EUR €

Turkish Lira TRY ₺

📈 Exchange rate

1 EUR = 1.12 USD

100 TRY = 2 USD

100 TRY = 1.78 EUR

Exchange rates and currency converter

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Between locations

Hanko Istanbul 2,130 km ≈ 3 h 15 min nonstop flight

From you

Hanko
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Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Hanko vs Istanbul: Cost of Living - Frequently Asked Questions

Istanbul is about 18% cheaper overall, especially in groceries, eating out, and clothing. That difference adds up to real monthly savings that compound significantly over time.

Average pay in Hanko is about 4 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $777 in Hanko versus $1,014 in Istanbul. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $324 in Hanko versus $948 in Istanbul. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 45% higher in Hanko. For households that cook at home regularly, that difference adds up over a month.

Both cities are expensive relative to $1,500. Istanbul is the more realistic option, but even there you’ll need to be disciplined with housing, food, and fun money.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Hanko and Istanbul are both considered safe, so it’s unlikely to be the deciding factor between them.

It comes down to priorities – Istanbul wins on affordability, Hanko on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.