Last update: Oct 2026

Cost of Living Comparison Between Istanbul and Florence

For one person, living is cheaper in Istanbul: $1,526 a month against $2,395 in Florence, rent and utilities included – about $10,400 less a year. Rent and utilities account for most of the difference.

74

Cost of Living Index in Istanbul
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Istanbul Living Index
118

Cost of Living Index in Florence
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Florence Living Index

Jump to prices

Istanbul

🇹🇷 Turkey

$1,526

/mo nomad

Florence

🇮🇹 Italy

$2,395

/mo nomad

Monthly Cost of Living

How much you'll spend in Istanbul and in Florence

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

A single person spends $1,526 per month in Istanbul vs $2,395 in Florence, rent included.

Istanbul $1,526
Florence $2,395

A couple spends around $2,399 per month in Istanbul vs $3,671 in Florence, rent included.

Istanbul $2,399
Florence $3,671

A family of three spends $3,272 per month in Istanbul vs $4,947 in Florence, rent included.

Istanbul $3,272
Florence $4,947

Istanbul is about 36% cheaper than Florence, and outside of rent the biggest gap is in groceries.

Both Istanbul and Florence sit above the global median – Istanbul by 14%, Florence by 79%.

Meal at Budget Restaurant

$11.88 ₺585

$27.37 €24.43

-56.59%

Three-Course Dinner for Two, Mid-Range

$55.1 ₺2,714

$77.3 €69.0

-28.72%

Fast Food Meal (McDonalds, etc)

$9.14 ₺450

$14.54 €12.98

-37.14%

Cappuccino

$4.24 ₺209

$2.29 €2.04

85.15%

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

$1.75 ₺86.0

$3.20 €2.85

-45.31%

Water (0.33 liter bottle)

$0.54 ₺26.83

$1.44 €1.29

-62.50%

Local Beer (0.5 liter draught)

$4.69 ₺231

$6.64 €5.92

-29.37%

Imported Beer (0.33 liter bottle)

$5.97 ₺294

$7.99 €7.13

-25.28%

Milk (1 liter)

$1.26 ₺62.1

$1.92 €1.72

-34.37%

White Bread (500g)

$0.95 ₺46.81

$2.55 €2.28

-62.75%

Rice (white) (1kg)

$2.31 ₺114

$2.90 €2.59

-20.34%

Eggs

$2.47 ₺122

$4.82 €4.30

-48.76%

Local Cheese (1kg)

$10.55 ₺520

$26.17 €23.36

-59.69%

Chicken Fillets (1kg)

$5.60 ₺276

$12.23 €10.92

-54.21%

Beef Round Steak (1kg)

$21.21 ₺1,045

$25.48 €22.74

-16.76%

Apples (1kg)

$1.93 ₺95.1

$2.94 €2.62

-34.35%

Banana (1kg)

$2.29 ₺113

$2.63 €2.35

-12.93%

Oranges (1kg)

$1.28 ₺63.1

$3.35 €2.99

-61.79%

Tomato (1kg)

$1.84 ₺90.8

$3.32 €2.96

-44.58%

Potato (1kg)

$0.67 ₺32.86

$2.23 €1.99

-69.96%

Onion (1kg)

$0.59 ₺29.31

$1.86 €1.66

-68.28%

Lettuce (1 head)

$1.33 ₺65.4

$1.89 €1.68

-29.63%

Water (1.5 liter bottle)

$0.59 ₺29.10

$0.70 €0.63

-15.71%

Cigarettes 20 Pack (Marlboro, Camel)

$2.36 ₺116

$7.47 €6.66

-68.41%

Wine (Bottle)

$13.47 ₺664

$7.83 €6.99

72.03%

Local Beer (0.5 liter bottle)

$2.42 ₺119

$2.00 €1.78

21.00%

Imported Beer (0.33 liter bottle)

$3.54 ₺174

$3.13 €2.79

13.10%

One-way Ticket (Public Transport)

$0.83 ₺40.64

$2.07 €1.85

-59.90%

Public Transport Monthly Pass (Regular Price)

$66.5 ₺3,273

$43.27 €38.62

53.57%

Taxi Start (Normal Tariff)

$1.35 ₺66.6

$3.78 €3.37

-64.29%

Taxi (Normal Tariff) (1km)

$0.85 ₺42.05

$1.26 €1.12

-32.54%

Taxi 1hour Waiting (Normal Tariff)

$10.86 ₺535

$30.89 €27.56

-64.84%

Gasoline (1 liter)

$1.47 ₺72.3

$2.09 €1.86

-29.67%

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

$51.6K ₺2.5M

$35.9K €32.1K

43.72%

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

$44.4K ₺2.2M

$35.3K €31.5K

25.92%

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

$89.2 ₺4,395

$247 €220

-63.82%

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

$11.60 ₺572

$11.59 €10.34

0.09%

Internet (50+ Mbps, Unlimited Data)

$16.10 ₺793

$33.90 €30.25

-52.51%

Gym Membership (Monthly)

$77.3 ₺3,805

$64.4 €57.5

19.99%

Tennis Court (1 Hour on Weekend)

$22.66 ₺1,116

$20.77 €18.54

9.10%

Cinema Ticket

$8.34 ₺411

$13.02 €11.62

-35.94%

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

$974 ₺48.0K

$745 €665

30.67%

International Primary School, 1 Child (Yearly)

$25.8K ₺1.3M

$17.0K €15.2K

51.36%

Jeans (Levis 501 Or Similar)

$52.7 ₺2,597

$96.5 €86.1

-45.36%

Summer Dress (H&M, Zara, etc)

$39.16 ₺1,929

$38.82 €34.65

0.88%

Sport Shoes (Adidas, Nike)

$103 ₺5,083

$108 €96.4

-4.51%

Men's Leather Business Shoes

$96.6 ₺4,759

$146 €131

-34.04%

1-bedroom Apartment, City Center (Monthly)

$994 ₺49.0K

$1,570 €1,401

-36.69%

1-bedroom Apartment, Outside City Center (Monthly)

$629 ₺31.0K

$1,043 €931

-39.67%

3-bedroom Apartment, City Center (Monthly)

$2,024 ₺99.7K

$2,766 €2,469

-26.83%

3-bedroom Apartment, Outside City Center (Monthly)

$1,155 ₺56.9K

$1,833 €1,635

-36.99%

Buy Apartment in City Center (m2)

$3,160 ₺155.7K

$6,288 €5,612

-49.75%

Buy Apartment Outside City Center (m2)

$1,838 ₺90.5K

$3,951 €3,526

-53.49%

Average Monthly Net Salary (After Tax)

$1,203 ₺59.3K

$2,005 €1,789

-39.98%

20-Year Fixed Mortgage Interest Rate (Annual %)

41.09

3.16

1200.32%

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

Last update for Istanbul: October 3, 2026

Last update for Florence: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Istanbul

$629 41.2%

Florence

$1K 42.9% 65.8% $414

Groceries & Markets

Istanbul

$264 17.3%

Florence

$411 16.9% 55.5% $147

Eating Out

Istanbul

$218 14.3%

Florence

$358 14.7% 64.2% $140

Clothing & Footwear

Istanbul

$131 8.6%

Florence

$175 7.2% 33.6% $44

Monthly Utilities & Internet

Istanbul

$117 7.7%

Florence

$292 12% 150% $175

Sport & Entertainment

Istanbul

$94 6.1%

Florence

$90 3.7% 3.7% $3.5

Getting Around

Istanbul

$75 4.9%

Florence

$62 2.5% 18.2% $14

Cost Breakdown

A central one-bedroom costs $994 in Istanbul versus $1,570 in Florence. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 67% higher in Florence, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $55.0 in Istanbul versus $77.0 in Florence. Monthly groceries follow the same trend: $264 vs $411 – making Istanbul the more affordable choice for daily food spending.

Good to know

🇹🇷 Istanbul

🇮🇹 Florence

🕒 Local time

09:08 9:08 AM

08:08 8:08 AM

1 h behind Istanbul

🌤 Weather

👥 Population

15,701,602

382,808

💱 Currency

Turkish Lira TRY ₺

Euro EUR €

📈 Exchange rate

100 TRY = 2.03 USD

100 TRY = 1.81 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to TRY – Turkish Lira Converter

🇺🇸 United States Dollar ($)

🇹🇷 Turkish Lira (₺)

Turkish Lira exchange rates as of October 10, 2026: 1 USD = 49.26 TRY (100 TRY = 2.03 USD). 1 EUR = 55.25 TRY (100 TRY = 1.81 EUR).

Euro exchange rates as of October 10, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

USD to TRY in detail →

On the map

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Between locations

Istanbul Florence 1,480 km ≈ 2 h 15 min nonstop flight

From you

Istanbul
Florence

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

Istanbul vs Florence: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,526 in Istanbul, $2,395 in Florence – roughly 57% apart. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $2,289 per month in Istanbul and $3,593 in Florence. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Istanbul, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $1,526 in Istanbul and $2,395 in Florence. That's a gap of about 57%.

Public transport costs about 54% less in Istanbul. For daily commuters, that gap adds up to noticeable savings over a year.

A $1,500 monthly budget goes further in Istanbul, where all-in costs run around $1,526, than in Florence at $2,395. In Istanbul it covers expenses comfortably, while in Florence it requires careful planning or may not stretch far enough.

It depends on your priorities. Istanbul has an edge in some lifestyle areas, with costs from $1,526 in Istanbul to $2,395 in Florence. Climate, culture, job market, and personal taste all factor in.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Istanbul. If higher salaries, better infrastructure, or specific career opportunities are the priority, Florence makes more sense. Both are solid long-term options with distinct trade-offs.