If you're considering living or investing in a major European city in 2025, balancing quality of life with affordability is essential. And when it comes to value for money, Istanbul continues to stand out. But how does Istanbul compare to Athens, Paris, or Lisbon in terms of living costs and real estate opportunities? Is Istanbul still a budget-friendly city in 2025? Let’s explore how Istanbul’s affordability stacks up against other major cities across Europe.
How Much Cheaper Is Life in Istanbul Compared to Other Major European Cities
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Let’s start with the basics—housing, transportation, dining, and social life. According to 2025 data from Numbeo, Istanbul is approximately 30% cheaper than Athens and nearly 55% cheaper than Paris. Eating out in Istanbul vs major EU cities remains significantly more affordable. For example, the monthly cost of living in Istanbul for a family of four (excluding rent) is around 24,000 TL (roughly €700–750), while the same lifestyle in Paris easily exceeds €3,500.
Even with limited income, living in Istanbul is still possible—especially for retirees and young professionals from Europe. Thanks to lower average cost of living in Istanbul, Turkey continues to attract people looking for a cost-effective European alternative.
Curious about the average cost of living in Istanbul, Turkey? Check out our detailed guide on the cost of living in Istanbul.
Property Investment in Istanbul vs Europe in 2025
Owning a home in cities like Paris or Lisbon has become nearly unattainable for many. Istanbul property investment, on the other hand, remains relatively accessible—especially for those earning in Euros. While the average price per square meter in Paris approaches €10,000, you can still find centrally located property in Istanbul for €2,000–3,500 per square meter. That makes buying investment property in Istanbul significantly more feasible than in most EU capitals.
Istanbul rental prices vs Paris and Lisbon show a similar trend, with rents in Istanbul up to 60% cheaper. For foreign investors, this creates a compelling case for Istanbul real estate investment—particularly given the currency advantage when investing in Turkey.
You can read this article to learn more about Istanbul's position and development in tourism compared to other cities in Europe.
Istanbul’s Affordable and Dynamic Social Life
.jpg "Going out in Istanbul is much cheaper than in most big cities in the EU")
When comparing Istanbul vs Lisbon or Istanbul vs Athens, one of the biggest differences is the accessibility of cultural and social activities. Istanbul’s thriving arts and entertainment scene—concerts, theaters, museums—is not only rich and varied but also wallet-friendly. Socializing costs in Istanbul are much lower than in other major EU cities.
Public transportation remains affordable too, with a monthly travel card averaging around €20. For digital nomads and expats, this means enjoying a vibrant social life without breaking the bank—making Istanbul one of the most cost-effective European alternatives for living.
Is Investing in Istanbul a Smart Move in 2025?
Foreign property investment outside the Eurozone is on the rise, and Istanbul is one of the reasons why. In 2025, real estate investment in Istanbul offers not just lower entry prices but a favorable currency gap—particularly for Euro or USD earners. Compared to the Eurozone, the cost of acquiring property is significantly lower.
If you're wondering why invest in Istanbul in 2025, the answer lies in both affordability and growth potential. Istanbul investment compared to Eurozone cities remains one of the most attractive options for long-term capital gains and rental income.
Is Istanbul a Good Place for Expats in 2025?
Absolutely. In fact, expat life in Istanbul vs Europe offers a rare mix of affordability, diversity, and energy. The cost of living in Istanbul for expats is notably lower than in cities like London, Paris, or Athens. That’s why Istanbul consistently ranks among the best cities in Europe for expats 2025.
Even when compared to other budget-friendly European cities, Istanbul stands out. Expats enjoy affordable healthcare, reliable public transit, diverse cuisine, and a dynamic cultural environment—all at a fraction of the price they’d pay elsewhere in Europe.
How Inflation and Currency Affect Istanbul’s Cost of Living?
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Sure, Turkey has faced inflation and currency fluctuations in recent years. So how are inflation and currency fluctuations impacting Istanbul’s living costs? For locals, it may tighten budgets—but for foreigners earning in stronger currencies, the Turkish Lira still offers strong buying power. That’s why living cost in Turkey, Istanbul continues to appeal to investors and expats alike.
How does currency affect cost of living in Istanbul? In short: positively, if you're earning in Euros, Dollars, or Pounds.
Can You Live Better in Istanbul Than in Europe on a Budget?
If you’re asking, “Can I live better in Istanbul than in Europe on a budget?” the answer in 2025 is still a resounding yes. With affordable lifestyle in Istanbul, competitive housing prices, and low monthly expenses, it remains one of the cheapest big cities in Europe 2025. From property prices in Istanbul vs EU cities to the cost of social life, Istanbul’s advantages are clear.
Whether you're relocating, retiring, or looking to make a smart property purchase, Istanbul stands as a strong contender among Europe’s most affordable metropolises.
Ready to explore your options for Istanbul real estate investment? Our team is here to help you find the best deals tailored to your budget and goals. Contact us today to discover why Istanbul might just be your best move in 2025.
