Last update: Nov 2026

Cost of Living Comparison Between Istanbul and Hanko

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.

73

Cost of Living Index in Istanbul
Learn more

Istanbul Living Index
89

Cost of Living Index in Hanko
Learn more

Hanko Living Index

Jump to prices

Istanbul

🇹🇷 Turkey

$1,519

/mo nomad

Hanko

🇫🇮 Finland

$1,861

/mo nomad

Monthly Cost of Living

How much you'll spend in Istanbul and in Hanko

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 Hanko actually costs, broken down by who's living it.

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

Istanbul $1,519
Hanko $1,861

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

Istanbul $2,365
Hanko $2,871

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

Istanbul $3,212
Hanko $3,882

Living in Istanbul costs roughly 18% less than in Hanko, and outside of rent the biggest gap is in groceries.

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

Meal at Budget Restaurant

$11.81 ₺592

$15.59 €13.89

-24.25%

Three-Course Dinner for Two, Mid-Range

$54.9 ₺2,754

$87.7 €78.1

-37.42%

Fast Food Meal (McDonalds, etc)

$9.26 ₺465

$11.91 €10.60

-22.25%

Cappuccino

$4.30 ₺216

$5.30 €4.72

-18.87%

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

$1.77 ₺89.0

$2.92 €2.60

-39.38%

Water (0.33 liter bottle)

$0.56 ₺28.32

$1.96 €1.75

-71.43%

Local Beer (0.5 liter draught)

$4.69 ₺235

$7.63 €6.80

-38.53%

Imported Beer (0.33 liter bottle)

$7.12 ₺357

$8.80 €7.84

-19.09%

Milk (1 liter)

$1.25 ₺62.7

$1.30 €1.16

-3.85%

White Bread (500g)

$0.88 ₺44.17

$2.66 €2.37

-66.92%

Rice (white) (1kg)

$2.20 ₺111

$2.40 €2.13

-8.33%

Eggs

$2.43 ₺122

$3.25 €2.89

-25.23%

Local Cheese (1kg)

$10.48 ₺526

$8.79 €7.83

19.23%

Chicken Fillets (1kg)

$5.31 ₺267

$14.35 €12.77

-63.00%

Beef Round Steak (1kg)

$21.10 ₺1,058

$21.25 €18.92

-0.71%

Apples (1kg)

$1.86 ₺93.1

$2.36 €2.11

-21.19%

Banana (1kg)

$2.30 ₺115

$2.05 €1.83

12.20%

Oranges (1kg)

$1.22 ₺61.0

$2.58 €2.29

-52.71%

Tomato (1kg)

$1.80 ₺90.2

$3.83 €3.41

-53.00%

Potato (1kg)

$0.69 ₺34.83

$1.29 €1.15

-46.51%

Onion (1kg)

$0.64 ₺32.16

$1.94 €1.72

-67.01%

Lettuce (1 head)

$1.36 ₺68.0

$2.86 €2.54

-52.45%

Water (1.5 liter bottle)

$0.58 ₺28.94

$2.07 €1.85

-71.98%

Cigarettes 20 Pack (Marlboro, Camel)

$2.34 ₺117

$12.57 €11.19

-81.38%

Wine (Bottle)

$13.03 ₺653

$15.92 €14.17

-18.15%

Local Beer (0.5 liter bottle)

$2.36 ₺118

$3.05 €2.71

-22.62%

Imported Beer (0.33 liter bottle)

$3.32 ₺166

$3.35 €2.98

-0.90%

One-way Ticket (Public Transport)

$0.88 ₺44.07

$3.31 €2.94

-73.41%

Public Transport Monthly Pass (Regular Price)

$66.1 ₺3,316

$64.4 €57.3

2.70%

Taxi Start (Normal Tariff)

$1.28 ₺64.4

$4.30 €3.83

-70.23%

Taxi (Normal Tariff) (1km)

$0.85 ₺42.80

$1.32 €1.17

-35.61%

Taxi 1hour Waiting (Normal Tariff)

$11.09 ₺556

$65.1 €58.0

-82.98%

Gasoline (1 liter)

$1.48 ₺74.0

$2.39 €2.13

-38.08%

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

$48.6K ₺2.4M

$36.7K €32.7K

32.52%

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

$42.0K ₺2.1M

$36.9K €32.9K

13.75%

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

$92.7 ₺4,650

$130 €116

-28.77%

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

$11.20 ₺562

$24.93 €22.19

-55.07%

Internet (50+ Mbps, Unlimited Data)

$15.89 ₺797

$23.80 €21.19

-33.24%

Gym Membership (Monthly)

$74.7 ₺3,745

$43.21 €38.47

72.83%

Tennis Court (1 Hour on Weekend)

$22.95 ₺1,151

$22.16 €19.73

3.56%

Cinema Ticket

$8.05 ₺404

$17.98 €16.01

-55.23%

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

$948 ₺47.6K

$324 €289

192.53%

International Primary School, 1 Child (Yearly)

$36.9K ₺1.9M

$12.8K €11.4K

187.46%

Jeans (Levis 501 Or Similar)

$53.9 ₺2,702

$97.5 €86.8

-44.72%

Summer Dress (H&M, Zara, etc)

$41.49 ₺2,081

$48.46 €43.15

-14.38%

Sport Shoes (Adidas, Nike)

$101 ₺5,060

$101 €90.4

-0.59%

Men's Leather Business Shoes

$91.3 ₺4,580

$151 €135

-39.61%

1-bedroom Apartment, City Center (Monthly)

$1,014 ₺50.8K

$777 €692

30.49%

1-bedroom Apartment, Outside City Center (Monthly)

$625 ₺31.3K

$660 €588

-5.43%

3-bedroom Apartment, City Center (Monthly)

$2,005 ₺100.6K

$1,216 €1,083

64.94%

3-bedroom Apartment, Outside City Center (Monthly)

$1,126 ₺56.5K

$1,030 €917

9.30%

Buy Apartment in City Center (m2)

$2,988 ₺149.8K

$3,965 €3,531

-24.65%

Buy Apartment Outside City Center (m2)

$1,730 ₺86.8K

$2,135 €1,901

-18.95%

Average Monthly Net Salary (After Tax)

$1,136 ₺57.0K

$4,534 €4,037

-74.94%

20-Year Fixed Mortgage Interest Rate (Annual %)

40.42

3.51

1051.57%

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

Last update for Istanbul: November 2, 2026

Last update for Hanko: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Istanbul

$625 41.1%

Hanko

$660 35.5% 5.7% $36

Groceries & Markets

Istanbul

$258 17%

Hanko

$375 20.2% 45.4% $117

Eating Out

Istanbul

$221 14.6%

Hanko

$299 16.1% 35.5% $78

Clothing & Footwear

Istanbul

$129 8.5%

Hanko

$179 9.6% 38.6% $50

Monthly Utilities & Internet

Istanbul

$120 7.9%

Hanko

$179 9.6% 49.3% $59

Sport & Entertainment

Istanbul

$91 6%

Hanko

$79 4.3% 12.8% $12

Getting Around

Istanbul

$75 5%

Hanko

$88 4.8% 17.7% $13

Cost Breakdown

A one-bedroom apartment in the center runs $1,014 in Istanbul and $777 in Hanko. 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: $55 in Istanbul vs $88 in Hanko for a mid-range dinner for two. Groceries echo the gap at $258 vs $375 per month, with Istanbul cheaper across the board.

Good to know

🇹🇷 Istanbul

🇫🇮 Hanko

🕒 Local time

05:39 5:39 AM

04:39 4:39 AM

1 h behind Istanbul

🌤 Weather

👥 Population

15,701,602

8,000

💱 Currency

Turkish Lira TRY ₺

Euro EUR €

📈 Exchange rate

100 TRY = 1.99 USD

100 TRY = 1.78 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 November 6, 2026: 1 USD = 50.15 TRY (100 TRY = 1.99 USD). 1 EUR = 56.3 TRY (100 TRY = 1.78 EUR).

Euro exchange rates as of November 6, 2026: 1 USD = 0.89 EUR (1 EUR = 1.12 USD).

USD to TRY in detail →

On the map

Lowest

Highest

Between locations

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

From you

Istanbul
Hanko

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 Hanko: 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.

On paper, salaries run 75% lower in Istanbul. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

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

Childcare runs $948 in Istanbul versus $324 in Hanko. 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, Istanbul and Hanko 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.