Last update: Nov 2026

Cost of Living Comparison Between Mykonos and Istanbul

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.

69

Cost of Living Index in Mykonos
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Mykonos Living Index
73

Cost of Living Index in Istanbul
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Istanbul Living Index

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Mykonos

🇬🇷 Greece

$1,448

/mo nomad

Istanbul

🇹🇷 Turkey

$1,519

/mo nomad

Monthly Cost of Living

How much you'll spend in Mykonos 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 Mykonos and in Istanbul actually costs, broken down by who's living it.

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

Mykonos $1,448
Istanbul $1,519

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

Mykonos $2,199
Istanbul $2,365

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

Mykonos $2,950
Istanbul $3,212

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

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

Meal at Budget Restaurant

$13.09 €11.71

$11.81 ₺592

10.84%

Three-Course Dinner for Two, Mid-Range

$54.9 €49.09

$54.9 ₺2,754

-0.09%

Fast Food Meal (McDonalds, etc)

$7.98 €7.14

$9.26 ₺465

-13.82%

Cappuccino

$3.65 €3.27

$4.30 ₺216

-15.12%

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

$2.43 €2.18

$1.77 ₺89.0

37.29%

Water (0.33 liter bottle)

$0.73 €0.66

$0.56 ₺28.32

30.36%

Local Beer (0.5 liter draught)

$4.43 €3.96

$4.69 ₺235

-5.54%

Imported Beer (0.33 liter bottle)

$5.43 €4.86

$7.12 ₺357

-23.74%

Milk (1 liter)

$1.78 €1.59

$1.25 ₺62.7

42.40%

White Bread (500g)

$1.50 €1.34

$0.88 ₺44.17

70.45%

Rice (white) (1kg)

$1.64 €1.47

$2.20 ₺111

-25.45%

Eggs

$4.37 €3.91

$2.43 ₺122

79.84%

Local Cheese (1kg)

$15.68 €14.03

$10.48 ₺526

49.62%

Chicken Fillets (1kg)

$10.73 €9.61

$5.31 ₺267

102.07%

Beef Round Steak (1kg)

$15.37 €13.75

$21.10 ₺1,058

-27.16%

Apples (1kg)

$2.14 €1.92

$1.86 ₺93.1

15.05%

Banana (1kg)

$2.06 €1.85

$2.30 ₺115

-10.43%

Oranges (1kg)

$1.34 €1.20

$1.22 ₺61.0

9.84%

Tomato (1kg)

$1.68 €1.51

$1.80 ₺90.2

-6.67%

Potato (1kg)

$1.22 €1.09

$0.69 ₺34.83

76.81%

Onion (1kg)

$1.18 €1.06

$0.64 ₺32.16

84.37%

Lettuce (1 head)

$0.90 €0.80

$1.36 ₺68.0

-33.82%

Water (1.5 liter bottle)

$0.72 €0.64

$0.58 ₺28.94

24.14%

Cigarettes 20 Pack (Marlboro, Camel)

$5.12 €4.58

$2.34 ₺117

118.80%

Wine (Bottle)

$7.60 €6.80

$13.03 ₺653

-41.67%

Local Beer (0.5 liter bottle)

$2.35 €2.10

$2.36 ₺118

-0.42%

Imported Beer (0.33 liter bottle)

$2.92 €2.62

$3.32 ₺166

-12.05%

One-way Ticket (Public Transport)

$1.34 €1.20

$0.88 ₺44.07

52.27%

Public Transport Monthly Pass (Regular Price)

$49.32 €44.13

$66.1 ₺3,316

-25.41%

Taxi Start (Normal Tariff)

$4.39 €3.93

$1.28 ₺64.4

242.97%

Taxi (Normal Tariff) (1km)

$1.15 €1.03

$0.85 ₺42.80

35.29%

Taxi 1hour Waiting (Normal Tariff)

$11.27 €10.09

$11.09 ₺556

1.62%

Gasoline (1 liter)

$2.15 €1.92

$1.48 ₺74.0

45.27%

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

$28.4K €25.4K

$48.6K ₺2.4M

-41.55%

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

$24.1K €21.6K

$42.0K ₺2.1M

-42.51%

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

$196 €175

$92.7 ₺4,650

111.07%

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

$30.15 €26.98

$11.20 ₺562

169.20%

Internet (50+ Mbps, Unlimited Data)

$38.56 €34.50

$15.89 ₺797

142.67%

Gym Membership (Monthly)

$50.7 €45.32

$74.7 ₺3,745

-32.18%

Tennis Court (1 Hour on Weekend)

$25.20 €22.55

$22.95 ₺1,151

9.80%

Cinema Ticket

$8.92 €7.98

$8.05 ₺404

10.81%

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

$418 €374

$948 ₺47.6K

-55.98%

International Primary School, 1 Child (Yearly)

$4,075 €3,647

$36.9K ₺1.9M

-88.96%

Jeans (Levis 501 Or Similar)

$91.1 €81.5

$53.9 ₺2,702

68.99%

Summer Dress (H&M, Zara, etc)

$42.06 €37.63

$41.49 ₺2,081

1.37%

Sport Shoes (Adidas, Nike)

$85.2 €76.3

$101 ₺5,060

-15.52%

Men's Leather Business Shoes

$133 €119

$91.3 ₺4,580

45.20%

1-bedroom Apartment, City Center (Monthly)

$497 €445

$1,014 ₺50.8K

-50.95%

1-bedroom Apartment, Outside City Center (Monthly)

$382 €342

$625 ₺31.3K

-38.79%

3-bedroom Apartment, City Center (Monthly)

$726 €650

$2,005 ₺100.6K

-63.81%

3-bedroom Apartment, Outside City Center (Monthly)

$612 €547

$1,126 ₺56.5K

-45.67%

Buy Apartment in City Center (m2)

$2,474 €2,214

$2,988 ₺149.8K

-17.20%

Buy Apartment Outside City Center (m2)

$1,996 €1,786

$1,730 ₺86.8K

15.35%

Average Monthly Net Salary (After Tax)

$1,648 €1,475

$1,136 ₺57.0K

45.03%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.44

40.42

-89.02%

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

Last update for Mykonos: November 1, 2026

Last update for Istanbul: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Mykonos

$382 26.4%

Istanbul

$625 41.1% 63.4% $242

Groceries & Markets

Mykonos

$292 20.1%

Istanbul

$258 17% 11.4% $33

Monthly Utilities & Internet

Mykonos

$264 18.3%

Istanbul

$120 7.9% 54.7% $145

Eating Out

Mykonos

$218 15.1%

Istanbul

$221 14.6% 1.3% $2.8

Clothing & Footwear

Mykonos

$158 10.9%

Istanbul

$129 8.5% 18% $29

Sport & Entertainment

Mykonos

$68 4.7%

Istanbul

$91 6% 32.5% $22

Getting Around

Mykonos

$65 4.5%

Istanbul

$75 5% 16% $10

Cost Breakdown

A central one-bedroom costs $497 in Mykonos versus $1,014 in Istanbul. 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 Mykonos versus $55 in Istanbul. Groceries tell a different story – $292 in Mykonos vs $258 in Istanbul – so Istanbul wins on supermarket bills even if dining out costs more.

Good to know

🇬🇷 Mykonos

🇹🇷 Istanbul

🕒 Local time

19:18 7:18 PM

20:18 8:18 PM

1 h ahead of Mykonos

🌤 Weather

👥 Population

10,704

15,701,602

💱 Currency

Euro EUR €

Turkish Lira TRY ₺

📈 Exchange rate

1 EUR = 1.12 USD

100 TRY = 1.99 USD

100 TRY = 1.78 EUR

Exchange rates and currency converter

TRY, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

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

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).

USD to EUR in detail →

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Mykonos Istanbul 500 km ≈ 1 h 15 min nonstop flight

From you

Mykonos
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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

Mykonos vs Istanbul: 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 $2,171 per month in Mykonos and $2,278 in Istanbul. 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 $1,448 in Mykonos and $1,519 in Istanbul, 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.