Last update: Nov 2026

Cost of Living Comparison Between Istanbul and Palaio Faliro, Athens

For one person, living is cheaper in Istanbul: $1,519 a month against $1,725 in Palaio Faliro, Athens, rent and utilities included – about $2,500 less a year. Rent and utilities account for most of the difference.

73

Cost of Living Index in Istanbul
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Istanbul Living Index
82

Cost of Living Index in Palaio Faliro, Athens
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Palaio Faliro, Athens Living Index

Jump to prices

Istanbul

🇹🇷 Turkey

$1,519

/mo nomad

Palaio Faliro, Athens

🇬🇷 Greece

$1,725

/mo nomad

Monthly Cost of Living

How much you'll spend in Istanbul and in Palaio Faliro, Athens

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 Palaio Faliro, Athens actually costs, broken down by who's living it.

A single person spends $1,519 per month in Istanbul vs $1,725 in Palaio Faliro, Athens, rent included.

Istanbul $1,519
Palaio Faliro, Athens $1,725

A couple spends around $2,365 per month in Istanbul vs $2,674 in Palaio Faliro, Athens, rent included.

Istanbul $2,365
Palaio Faliro, Athens $2,674

A family of three spends $3,212 per month in Istanbul vs $3,624 in Palaio Faliro, Athens, rent included.

Istanbul $3,212
Palaio Faliro, Athens $3,624

Istanbul is about 12% cheaper than Palaio Faliro, Athens, and outside of rent the biggest gap is in groceries.

Both Istanbul and Palaio Faliro, Athens sit above the global median – Istanbul by 12%, Palaio Faliro, Athens by 28%.

Meal at Budget Restaurant

$11.81 ₺592

$13.00 €11.63

-9.15%

Three-Course Dinner for Two, Mid-Range

$54.9 ₺2,754

$55.7 €49.87

-1.47%

Fast Food Meal (McDonalds, etc)

$9.26 ₺465

$10.35 €9.26

-10.53%

Cappuccino

$4.30 ₺216

$3.12 €2.79

37.82%

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

$1.77 ₺89.0

$2.40 €2.15

-26.25%

Water (0.33 liter bottle)

$0.56 ₺28.32

$0.46 €0.42

21.74%

Local Beer (0.5 liter draught)

$4.69 ₺235

$4.62 €4.13

1.52%

Imported Beer (0.33 liter bottle)

$7.12 ₺357

$5.37 €4.80

32.59%

Milk (1 liter)

$1.25 ₺62.7

$1.75 €1.57

-28.57%

White Bread (500g)

$0.88 ₺44.17

$1.26 €1.13

-30.16%

Rice (white) (1kg)

$2.20 ₺111

$2.17 €1.94

1.38%

Eggs

$2.43 ₺122

$2.78 €2.48

-12.59%

Local Cheese (1kg)

$10.48 ₺526

$16.01 €14.33

-34.54%

Chicken Fillets (1kg)

$5.31 ₺267

$12.21 €10.93

-56.51%

Beef Round Steak (1kg)

$21.10 ₺1,058

$13.87 €12.41

52.13%

Apples (1kg)

$1.86 ₺93.1

$1.84 €1.65

1.09%

Banana (1kg)

$2.30 ₺115

$1.84 €1.64

25.00%

Oranges (1kg)

$1.22 ₺61.0

$1.20 €1.08

1.67%

Tomato (1kg)

$1.80 ₺90.2

$1.79 €1.61

0.56%

Potato (1kg)

$0.69 ₺34.83

$0.90 €0.80

-23.33%

Onion (1kg)

$0.64 ₺32.16

$0.90 €0.81

-28.89%

Lettuce (1 head)

$1.36 ₺68.0

$0.86 €0.77

58.14%

Water (1.5 liter bottle)

$0.58 ₺28.94

$0.85 €0.76

-31.76%

Cigarettes 20 Pack (Marlboro, Camel)

$2.34 ₺117

$5.40 €4.83

-56.67%

Wine (Bottle)

$13.03 ₺653

$12.87 €11.52

1.24%

Local Beer (0.5 liter bottle)

$2.36 ₺118

$1.91 €1.71

23.56%

Imported Beer (0.33 liter bottle)

$3.32 ₺166

$2.71 €2.43

22.51%

One-way Ticket (Public Transport)

$0.88 ₺44.07

$1.55 €1.38

-43.23%

Public Transport Monthly Pass (Regular Price)

$66.1 ₺3,316

$49.53 €44.32

33.49%

Taxi Start (Normal Tariff)

$1.28 ₺64.4

$4.35 €3.89

-70.57%

Taxi (Normal Tariff) (1km)

$0.85 ₺42.80

$0.98 €0.87

-13.27%

Taxi 1hour Waiting (Normal Tariff)

$11.09 ₺556

$17.02 €15.23

-34.84%

Gasoline (1 liter)

$1.48 ₺74.0

$2.00 €1.79

-26.00%

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

$48.6K ₺2.4M

$27.5K €24.6K

77.03%

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

$42.0K ₺2.1M

$25.6K €22.9K

63.67%

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

$92.7 ₺4,650

$203 €182

-54.38%

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

$11.20 ₺562

$31.60 €28.28

-64.56%

Internet (50+ Mbps, Unlimited Data)

$15.89 ₺797

$30.34 €27.15

-47.63%

Gym Membership (Monthly)

$74.7 ₺3,745

$52.9 €47.34

41.15%

Tennis Court (1 Hour on Weekend)

$22.95 ₺1,151

$24.82 €22.21

-7.53%

Cinema Ticket

$8.05 ₺404

$9.14 €8.18

-11.93%

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

$948 ₺47.6K

$421 €377

125.29%

International Primary School, 1 Child (Yearly)

$36.9K ₺1.9M

$8,903 €7,967

314.64%

Jeans (Levis 501 Or Similar)

$53.9 ₺2,702

$87.4 €78.2

-38.38%

Summer Dress (H&M, Zara, etc)

$41.49 ₺2,081

$39.84 €35.65

4.14%

Sport Shoes (Adidas, Nike)

$101 ₺5,060

$102 €90.9

-0.65%

Men's Leather Business Shoes

$91.3 ₺4,580

$132 €118

-30.97%

1-bedroom Apartment, City Center (Monthly)

$1,014 ₺50.8K

$614 €550

65.05%

1-bedroom Apartment, Outside City Center (Monthly)

$625 ₺31.3K

$650 €582

-3.95%

3-bedroom Apartment, City Center (Monthly)

$2,005 ₺100.6K

$1,436 €1,285

39.69%

3-bedroom Apartment, Outside City Center (Monthly)

$1,126 ₺56.5K

$1,276 €1,141

-11.74%

Buy Apartment in City Center (m2)

$2,988 ₺149.8K

$2,818 €2,522

6.02%

Buy Apartment Outside City Center (m2)

$1,730 ₺86.8K

$2,605 €2,331

-33.59%

Average Monthly Net Salary (After Tax)

$1,136 ₺57.0K

$951 €851

19.53%

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 Palaio Faliro, Athens: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Istanbul

$625 41.1%

Palaio Faliro, Athens

$650 37.7% 4.1% $26

Groceries & Markets

Istanbul

$258 17%

Palaio Faliro, Athens

$294 17% 13.6% $35

Eating Out

Istanbul

$221 14.6%

Palaio Faliro, Athens

$218 12.6% 1.4% $3.1

Clothing & Footwear

Istanbul

$129 8.5%

Palaio Faliro, Athens

$163 9.4% 25.6% $33

Monthly Utilities & Internet

Istanbul

$120 7.9%

Palaio Faliro, Athens

$265 15.4% 121% $145

Sport & Entertainment

Istanbul

$91 6%

Palaio Faliro, Athens

$71 4.1% 21.6% $20

Getting Around

Istanbul

$75 5%

Palaio Faliro, Athens

$65 3.8% 13.6% $10

Cost Breakdown

A central one-bedroom costs $1,014 in Istanbul versus $614 in Palaio Faliro, Athens. 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 20% higher in Istanbul, 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 $56 in Palaio Faliro, Athens. Monthly groceries follow the same trend: $258 vs $294 – making Istanbul the more affordable choice for daily food spending.

Good to know

🇹🇷 Istanbul

🇬🇷 Palaio Faliro, Athens

🕒 Local time

02:18 2:18 AM

01:18 1:18 AM

1 h behind Istanbul

🌤 Weather

👥 Population

15,701,602

64,021

💱 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 = 56.05 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 Palaio Faliro, Athens 570 km ≈ 1 h 15 min nonstop flight

From you

Istanbul
Palaio Faliro, Athens

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 Palaio Faliro, Athens: Cost of Living - Frequently Asked Questions

Yes – Palaio Faliro, Athens is pricier by about 14%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,278 per month in Istanbul and $2,588 in Palaio Faliro, Athens. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Palaio Faliro, Athens, especially for central apartments: a one-bedroom in the center costs $614 there versus $1,014 in Istanbul.

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

Groceries cost about 14% more in Palaio Faliro, Athens, though the gap depends on what you buy.

$1,500 is a stretch for both – monthly costs hit $1,519 in Istanbul and $1,725 in Palaio Faliro, Athens. You’ll need shared housing and careful budgeting no matter which city you pick.

It depends on your priorities. Palaio Faliro, Athens has an edge in some lifestyle areas, with costs from $1,519 in Istanbul to $1,725 in Palaio Faliro, Athens. Climate, culture, job market, and personal taste all factor in.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.