A Turkish Delight: The Ultimate Guide to Retiring in Turkey
Dreaming of a laid-back, affordable retirement in a Mediterranean paradise? Look no further than Turkey. With its stunning beaches, rich history, and vibrant culture, Turkey is becoming an increasingly popular destination for retirees. But how much do you need to retire in Turkey? In this guide, we’ll break down the costs and considerations you need to make before packing your bags and heading to the land of the crescent moon.
Housing: Renting a one-bedroom apartment in the city centre will cost around $250-$500 per month, while outside the city centre, prices drop to $150-$350. Buying property is also affordable, with prices starting at $50,000 for a two-bedroom apartment.
Utilities: Basic utilities (electricity, heating, water, and garbage) average around $60-$100 per month.
Food: Groceries in Turkey are reasonably priced. A couple can expect to spend around $200-$300 per month on groceries.
Transportation: Public transportation is affordable, with a monthly pass costing around $30-$50. Owning a car is more expensive due to high import taxes, but it’s not necessary if you live in a city with good public transport.
Healthcare: Turkey has a public healthcare system, but many ex-pats opt for private insurance, which can cost around $50-$100 per month.
Entertainment and Leisure: A meal at a mid-range restaurant will set you back around $10-$20 per person, while a ticket to the cinema is around $5.
Considering these expenses, a couple can retire comfortably in Turkey for $1,500-$2,500 per month, depending on their desired lifestyle.
Finding Your Perfect Spot in Turkey
When considering how much you need to retire in Turkey, deciding where you want to live is essential. Some popular options include:
Istanbul: Turkey’s largest city is a bustling metropolis with a rich history and a vibrant arts scene. It’s more expensive than other areas, but offers the best of city living.
Antalya: This coastal city is a popular tourist destination with beautiful beaches and a lovely Old Town. The cost of living is slightly lower than Istanbul, but still higher than smaller towns.
Fethiye: A smaller coastal town with a laid-back atmosphere, Fethiye is perfect for those seeking a more relaxed lifestyle. The cost of living is much lower than in the larger cities.
How much do you need to retire in Turkey?
A couple can retire comfortably in Turkey for $1,500-$2,500 per month, depending on their desired lifestyle.
Turkey has a public healthcare system, and many ex-pats opt for private insurance for faster service and more comprehensive coverage.
Can foreigners buy property in Turkey?
Yes, foreigners can buy property in Turkey. It’s relatively affordable compared to many other countries, making it an attractive option for retirees.
So, how much do you need to retire in Turkey? As we’ve discussed, a couple can retire comfortably in Turkey for $1,500-$2,500 per month, depending on their desired lifestyle. Keep in mind that this is a general estimate, and individual needs and preferences will vary.
Retiring in Turkey offers a unique blend of stunning natural beauty, rich history, and a low cost of living. By understanding the costs associated with living in this beautiful country and choosing the right location, you can enjoy a fulfilling and affordable retirement.
Before making a move, it’s essential to do thorough research, visit potential locations, and talk to other expats who have retired in Turkey. By being well-prepared and informed, you can make the most of your golden years in this Mediterranean paradise. So, pack your bags and get ready for a Turkish delight in your retirement years!