If you're looking for an affordable and picturesque destination to live, retire, or study abroad, Northern Cyprus might be the perfect fit for you. This small country offers a low cost of living, pleasant climate, welcoming locals, and breathtaking scenery, which has made it an increasingly popular destination in recent years.
Also, to get more information about this area, we suggest you read the article on the best cities of Northern Cyprus.
cost of renting a house
When it comes to housing, the biggest expense you'll face is rent. A one-bedroom apartment in the city center can range from €250 to €400 per month, while a three-bedroom apartment can cost between €450 to €800 per month. However, rental prices tend to be cheaper outside the city center. Sharing accommodation with others is also a good option to save money.
Cost of food
Food costs in Northern Cyprus are relatively low compared to other European countries. A meal at a local restaurant will cost you around €10, while groceries for a week can cost between €25 to €50. Shopping at local markets is usually more affordable than supermarkets, and local specialties like kebabs, mezze, and fresh seafood are both delicious and budget-friendly.
Public transportation is also affordable, with a single bus ticket costing around €1, while taxis cost around €5 for a 10-minute ride. If you're planning to drive, keep in mind that gasoline prices are higher than in neighboring countries. However, as Northern Cyprus is a small country, transportation costs may not be a significant factor in your budget.
The cost of municipal services
Utilities, including water, electricity, and internet, are generally affordable in Northern Cyprus. A typical monthly bill for a small apartment is around €50 to €80 for both electricity and water, while high-speed internet can cost between €30 to €50 per month.
The cost of study
If you're planning to study in Northern Cyprus, tuition fees are generally lower than in many other countries, with undergraduate programs costing around €2,500 to €5,000 per year, and postgraduate programs costing between €3,500 to €6,000 per year. Several international universities are located in Northern Cyprus, making it a popular destination for international students.
Cost of treatment and health
When it comes to healthcare, Northern Cyprus offers good quality and affordable options. Public hospitals and clinics offer free or low-cost healthcare services to residents, while private hospitals and clinics offer a wider range of services at a higher cost. It's important to have health insurance or access to emergency funds in case of an unexpected medical expense.
Comparison of the cost of living in Northern Cyprus and the main cities of Türkiye
When you compare the cost of living in Northern Cyprus to the major cities of Turkey, there are significant differences to consider. Firstly, housing costs are generally lower in Northern Cyprus, with a one-bedroom apartment in the city center ranging from €250 to €400 per month, and a three-bedroom apartment ranging from €450 to €800 per month. In contrast, in Istanbul, a one-bedroom apartment in the city center can cost between €400 to €700 per month, while a three-bedroom apartment can cost between €800 to €1,500 per month.
Food expenses are also lower in Northern Cyprus, with a typical meal at a local restaurant costing around €10, and groceries for a week ranging from €25 to €50. In Istanbul, a typical meal at a local restaurant can cost around €15, and groceries for a week can cost between €40 to €60.
Public transportation is cheaper in Northern Cyprus, with a single bus ticket costing around €1, compared to Istanbul, where it costs around €1.5. Taxis are also relatively cheaper in Northern Cyprus, with the average fare for a 10-minute ride being around €5, while in Istanbul, it is around €8.
Utilities are also more affordable in Northern Cyprus, with a typical monthly bill for electricity and water for a small apartment ranging from €50 to €80, and high-speed internet costing between €30 to €50 per month. In contrast, in Istanbul, the typical monthly bill for electricity and water for a small apartment is around €100 to €150, while high-speed internet can cost between €50 to €80 per month.
Finally, education costs are generally lower in Northern Cyprus, with tuition for undergraduate programs ranging from €2,500 to €5,000 per year, whereas in Istanbul, it can range from €3,500 to €10,000 per year.
Overall, the cost of living in Northern Cyprus is generally lower than in the main cities of Turkey. However, it's essential to note that prices may vary based on personal circumstances, location, and lifestyle. Therefore, it is advisable to do thorough research and create a budget based on individual needs when considering the cost of living in Northern Cyprus or Turkey.
In conclusion, Northern Cyprus is a relatively affordable destination, particularly when compared to many European countries. Despite housing costs being significant, there are opportunities to save money by sharing accommodation or living outside the city center. With affordable and high-quality food, transportation, utilities, education, and healthcare, Northern Cyprus is a great option for those seeking a comfortable and affordable lifestyle.
You can contact Antalya Estate Group and make the most of expert advice on buying property in North Cyprus. In this consultation, we will fully guide you in this field so that you can make the best choice with an open mind.