Last update: Nov 2026

Cost of Living Comparison Between Istanbul and Mykonos

For one person, living is cheaper in Mykonos: $1,448 a month against $1,519 in Istanbul, rent and utilities included – about $850 less a year. Higher rent and utilities in Istanbul outweigh lower spending on other living expenses.

73

Cost of Living Index in Istanbul
Learn more

Istanbul Living Index
69

Cost of Living Index in Mykonos
Learn more

Mykonos Living Index

Jump to prices

Istanbul

🇹🇷 Turkey

$1,519

/mo nomad

Mykonos

🇬🇷 Greece

$1,448

/mo nomad

Monthly Cost of Living

How much you'll spend in Istanbul and in Mykonos

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

A single person spends $1,519 per month in Istanbul vs $1,448 in Mykonos, rent included.

Istanbul $1,519
Mykonos $1,448

A couple spends around $2,365 per month in Istanbul vs $2,199 in Mykonos, rent included.

Istanbul $2,365
Mykonos $2,199

A family of three spends $3,212 per month in Istanbul vs $2,950 in Mykonos, rent included.

Istanbul $3,212
Mykonos $2,950

Istanbul costs about 5% more than Mykonos, and outside of rent the biggest gap is in leisure.

Both Istanbul and Mykonos sit above the global median – Istanbul by 12%, Mykonos by 7%.

Meal at Budget Restaurant

$11.81 ₺592

$13.09 €11.71

-9.78%

Three-Course Dinner for Two, Mid-Range

$54.9 ₺2,754

$54.9 €49.09

0.09%

Fast Food Meal (McDonalds, etc)

$9.26 ₺465

$7.98 €7.14

16.04%

Cappuccino

$4.30 ₺216

$3.65 €3.27

17.81%

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

$1.77 ₺89.0

$2.43 €2.18

-27.16%

Water (0.33 liter bottle)

$0.56 ₺28.32

$0.73 €0.66

-23.29%

Local Beer (0.5 liter draught)

$4.69 ₺235

$4.43 €3.96

5.87%

Imported Beer (0.33 liter bottle)

$7.12 ₺357

$5.43 €4.86

31.12%

Milk (1 liter)

$1.25 ₺62.7

$1.78 €1.59

-29.78%

White Bread (500g)

$0.88 ₺44.17

$1.50 €1.34

-41.33%

Rice (white) (1kg)

$2.20 ₺111

$1.64 €1.47

34.15%

Eggs

$2.43 ₺122

$4.37 €3.91

-44.39%

Local Cheese (1kg)

$10.48 ₺526

$15.68 €14.03

-33.16%

Chicken Fillets (1kg)

$5.31 ₺267

$10.73 €9.61

-50.51%

Beef Round Steak (1kg)

$21.10 ₺1,058

$15.37 €13.75

37.28%

Apples (1kg)

$1.86 ₺93.1

$2.14 €1.92

-13.08%

Banana (1kg)

$2.30 ₺115

$2.06 €1.85

11.65%

Oranges (1kg)

$1.22 ₺61.0

$1.34 €1.20

-8.96%

Tomato (1kg)

$1.80 ₺90.2

$1.68 €1.51

7.14%

Potato (1kg)

$0.69 ₺34.83

$1.22 €1.09

-43.44%

Onion (1kg)

$0.64 ₺32.16

$1.18 €1.06

-45.76%

Lettuce (1 head)

$1.36 ₺68.0

$0.90 €0.80

51.11%

Water (1.5 liter bottle)

$0.58 ₺28.94

$0.72 €0.64

-19.44%

Cigarettes 20 Pack (Marlboro, Camel)

$2.34 ₺117

$5.12 €4.58

-54.30%

Wine (Bottle)

$13.03 ₺653

$7.60 €6.80

71.45%

Local Beer (0.5 liter bottle)

$2.36 ₺118

$2.35 €2.10

0.43%

Imported Beer (0.33 liter bottle)

$3.32 ₺166

$2.92 €2.62

13.70%

One-way Ticket (Public Transport)

$0.88 ₺44.07

$1.34 €1.20

-34.33%

Public Transport Monthly Pass (Regular Price)

$66.1 ₺3,316

$49.32 €44.13

34.06%

Taxi Start (Normal Tariff)

$1.28 ₺64.4

$4.39 €3.93

-70.84%

Taxi (Normal Tariff) (1km)

$0.85 ₺42.80

$1.15 €1.03

-26.09%

Taxi 1hour Waiting (Normal Tariff)

$11.09 ₺556

$11.27 €10.09

-1.60%

Gasoline (1 liter)

$1.48 ₺74.0

$2.15 €1.92

-31.16%

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

$48.6K ₺2.4M

$28.4K €25.4K

71.10%

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

$42.0K ₺2.1M

$24.1K €21.6K

73.95%

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

$92.7 ₺4,650

$196 €175

-52.62%

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

$11.20 ₺562

$30.15 €26.98

-62.85%

Internet (50+ Mbps, Unlimited Data)

$15.89 ₺797

$38.56 €34.50

-58.79%

Gym Membership (Monthly)

$74.7 ₺3,745

$50.7 €45.32

47.44%

Tennis Court (1 Hour on Weekend)

$22.95 ₺1,151

$25.20 €22.55

-8.93%

Cinema Ticket

$8.05 ₺404

$8.92 €7.98

-9.75%

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

$948 ₺47.6K

$418 €374

127.17%

International Primary School, 1 Child (Yearly)

$36.9K ₺1.9M

$4,075 €3,647

805.84%

Jeans (Levis 501 Or Similar)

$53.9 ₺2,702

$91.1 €81.5

-40.82%

Summer Dress (H&M, Zara, etc)

$41.49 ₺2,081

$42.06 €37.63

-1.36%

Sport Shoes (Adidas, Nike)

$101 ₺5,060

$85.2 €76.3

18.37%

Men's Leather Business Shoes

$91.3 ₺4,580

$133 €119

-31.13%

1-bedroom Apartment, City Center (Monthly)

$1,014 ₺50.8K

$497 €445

103.86%

1-bedroom Apartment, Outside City Center (Monthly)

$625 ₺31.3K

$382 €342

63.38%

3-bedroom Apartment, City Center (Monthly)

$2,005 ₺100.6K

$726 €650

176.29%

3-bedroom Apartment, Outside City Center (Monthly)

$1,126 ₺56.5K

$612 €547

84.05%

Buy Apartment in City Center (m2)

$2,988 ₺149.8K

$2,474 €2,214

20.78%

Buy Apartment Outside City Center (m2)

$1,730 ₺86.8K

$1,996 €1,786

-13.31%

Average Monthly Net Salary (After Tax)

$1,136 ₺57.0K

$1,648 €1,475

-31.05%

20-Year Fixed Mortgage Interest Rate (Annual %)

40.42

4.44

810.36%

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

Last update for Istanbul: November 2, 2026

Last update for Mykonos: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Istanbul

$625 41.1%

Mykonos

$382 26.4% 38.8% $242

Groceries & Markets

Istanbul

$258 17%

Mykonos

$292 20.1% 12.9% $33

Eating Out

Istanbul

$221 14.6%

Mykonos

$218 15.1% 1.2% $2.8

Clothing & Footwear

Istanbul

$129 8.5%

Mykonos

$158 10.9% 22% $29

Monthly Utilities & Internet

Istanbul

$120 7.9%

Mykonos

$264 18.3% 121% $145

Sport & Entertainment

Istanbul

$91 6%

Mykonos

$68 4.7% 24.6% $22

Getting Around

Istanbul

$75 5%

Mykonos

$65 4.5% 13.8% $10

Cost Breakdown

A central one-bedroom costs $1,014 in Istanbul versus $497 in Mykonos. 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 45% higher in Mykonos, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $55 in Istanbul versus $55 in Mykonos. Monthly groceries follow the same trend: $258 vs $292 – making Istanbul the more affordable choice for daily food spending.

Good to know

🇹🇷 Istanbul

🇬🇷 Mykonos

🕒 Local time

16:45 4:45 PM

15:45 3:45 PM

1 h behind Istanbul

🌤 Weather

👥 Population

15,701,602

10,704

💱 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 = 56.33 TRY (100 TRY = 1.78 EUR).

Euro exchange rates as of November 6, 2026: 1 USD = 0.895 EUR (1 EUR = 1.12 USD).

USD to TRY in detail →

On the map

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Between locations

Istanbul Mykonos 500 km ≈ 1 h 15 min nonstop flight

From you

Istanbul
Mykonos

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 Mykonos: Cost of Living - Frequently Asked Questions

Yes – Istanbul is pricier by about 5%, and outside of rent the gap shows up most in leisure.

For a comfortable life, plan on about $2,278 per month in Istanbul and $2,171 in Mykonos. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Mykonos, especially for central apartments: a one-bedroom in the center costs $497 there versus $1,014 in Istanbul.

Public transport costs about 25% less in Mykonos. For daily commuters, that gap adds up to noticeable savings over a year.

Interestingly, groceries are about 11% cheaper in Istanbul – one category where the pricier city actually offers better value.

$2,000 covers both cities comfortably – all-in costs are $1,519 in Istanbul and $1,448 in Mykonos, leaving budget for savings and extras in both cases.

Families tend to lean toward Mykonos – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.