Living costs in Turkey can vary between the different regions. Here I want to explain the conditions found in bigger cities, where most foreign students live. According to statistics, Turkey is considered to be at the edge between a developing and a developed country. The currency is the Turkish Lira. As it is around the globe, living conditions in Turkey are mostly dependent on the financial situation of the inhabitants. There are people who see the economic situation of their country as problematic, and other people view it sufficiently.
Contents
How do foreign students perceive the living costs in Turkey?
The living conditions for foreign students depend primarily on the financial situation of their parents, considering that you still live with them, and the currency they handle. It is obvious why my first point is a critical aspect of the living conditions you can expect. If you belong to a high-income family, you can afford yourself a higher standard and live under wealthy conditions. Additionally, the reason for my second aspect is the high value of certain currencies such as the dollar, euro, and pound in Turkey.
Comparing Turkey vs. Germany
From the current stand, beginning of 2021, 1 euro is equal to a roundabout of 8.5 Turkish Lira. The minimum salary in Turkey in 2021 is 3,577.50 TL gross and 2,825.90 TL net per month, which is equal to 330 Euro. The minimum salary in Germany in 2020 is 9.35 Euro per hour. A 40-hour week is 374 Euros per week and 1496 Euros per month. This is equal to three minimum salaries found in Turkey.
Furthermore, a very important point to consider is that most of the people in Germany receive a higher salary than the set minimum wage, precisely 2,079 Euro net, which is nearly 7 times the minimum wage in Turkey, where many people are paid according to the legal minimum wage. An average income in euro does enable you a much higher quality of life in Turkey than a high-income family in Turkey.
Conclusion
In conclusion, understanding the concept of living costs in Turkey is essential for foreign students. From currency dynamics to income disparities, this guide should help you with the insights needed to take financial considerations effectively in the setting of Turkey.
Hey there,
As the admin of studyingmedicineinturkey.com, I bring firsthand experience as a foreign medical student studying in Ankara, Turkey. My journey has provided me with valuable insights into the challenges and opportunities that international students encounter while pursuing their medical education in Turkey.
Best of Luck:)