Country Full Name: Republic of Turkey.Country Location: Turkey is in South Eastern Europe and South-western Asia (that portion of Turkey west of the Bosporus is geographically part of Europe), bordering the Black Sea, between Bulgaria and Georgia, and bordering the Aegean Sea and the Mediterranean Sea, between Greece and Syria.Country Climate: Temperate; hot, dry summers with mild, wet winters; harsher in interior.Country Terrain: High central plateau (Anatolia); narrow coastal plain; several mountain ranges.Country Major Languages: Turkish.Country Major Religions: Islam.Location Population: 13.3 Mil (2012 est.).Country Economy: The economy of Turkey is largely dominated by modern industries and the services sector. The country is among the world's leading producers of agricultural products; textiles; motor vehicles, ships and other transportation equipment; construction materials; consumer electronics and home appliances.Country Currency: Turkish New Lira (TRY).Country Inflation: 7.8% (2012 est.).Istanbul is the largest city in Turkey and 5th largest city proper in the world.The economy of Istanbul has always been the centre of Turkey's economic life because of its location as a junction of international land and sea trade routes. Istanbul is also Turkey's largest industrial centre. Istanbul and surrounding province produce cotton, fruit, olive oil, silk, and tobacco. Food processing, textile production, oil products, rubber, metal ware, leather, chemicals, pharmaceuticals, electronics, glass, machinery, automotive, transport vehicles, paper and paper products, and alcoholic drinks are among the city's major industrial products.
The cost of living in Istanbul is high compared to other places. This is based on a comparison of locally collected prices for defined quantities of the same goods and services, converted to USD. Sources include local service providers in each location, international service providers, official governmental statistics and global agency data. The data is quality assured and manually checked by Xpatulator Analysts. The prices of similar related items have been grouped together into 13 basket groups and the cost of living index calculated for each basket in each location. The 13 basket groups are the result of extensive research of actual spending habits ensuring the cost of living indexes reflect a reality-based international expenditure pattern. The cost of living index for each basket for Istanbul is only available using our online calculators.The current overall cost of living rank (using all 13 baskets) for Istanbul is 293 out of 780 international locations covering every country in the world (rank 1 is most expensive: rank 780 is least expensive). The current cost of living rank for each basket is as follows: Alcohol & Tobacco costs are very high compared to other places for items such as beer, spirits, wine and cigarettes. There are 83 places that are more expensive, and 696 places that are less expensive for alcohol and or tobacco.Clothing costs are average compared to other places for items such as business, casual and children's clothing and footwear. There are 333 places that are more expensive, and 446 places that are less expensive for clothing.Communication costs are average compared to other places for various communication costs such as home telephone rental, internet subscription, mobile tariff and data costs. There are 356 places that are more expensive, and 423 places that are less expensive for communication.Education costs are low compared to other places for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. There are 474 places that are more expensive, and 305 places that are less expensive for education.Furniture & Appliance costs are average compared to other places for items such as dining table and chairs, home entertainment, kitchen appliances, and sofa. There are 329 places that are more expensive, and 450 places that are less expensive for furniture and appliances.Grocery costs are low compared to other places for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. There are 501 places that are more expensive, and 278 places that are less expensive for groceries.Healthcare costs are average compared to other places for doctor visit, hospital stay, non-prescription medicine, and medical insurance. There are 452 places that are more expensive, and 327 places that are less expensive for healthcare.Household Accommodation costs are high compared to other places for items such as apartment purchase, mortgage rate, rental, and utilities. There are 237 places that are more expensive, and 542 places that are less expensive for household accommodation.Miscellaneous costs are very high compared to other places for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. There are 79 places that are more expensive, and 700 places that are less expensive for miscellaneous items.Personal Care costs are high compared to other places for items such as cosmetics, hair care, and toiletries. There are 284 places that are more expensive, and 495 places that are less expensive for personal care.Recreation and Culture costs are high compared to other places for items such as books, cinema, sport and theatre tickets. There are 212 places that are more expensive, and 567 places that are less expensive for recreation and culture.Restaurants, Meals Out and Hotel costs are high compared to other places for items such as hotel daily room rates, meals and beverages in restaurants, and take away food and beverages. There are 241 places that are more expensive, and 538 places that are less expensive for restaurants, meals out and hotels.Transport costs are average compared to other places for items such as fuel (petrol/gasoline), public transport, vehicle purchase and maintenance. There are 311 places that are more expensive, and 468 places that are less expensive for transport. Hardship Hardship in the context of an expatriate and their family refers to the degree of hardship they are likely to experience and the relative impact on their lifestyle in a host location. The degree of hardship correlates to the degree of difference between the home and host location. Hardship pay is compensation for the hardship likely to be endured during an international assignment in order to encourage people to move, in particular to less desirable locations. Hardship factors include-:Economic Factors: Such as poverty levels and level of service provisionPolitical Factors: Such as freedom/tolerance towards different points of view / lifestyleReligious Factors: Such as freedom/tolerance towards different religionsPublic Service Factors: Such as provision of water, electricity, sanitation, work permits etcEnvironment/Climate Factors: Such as extreme weatherPersonal Safety Factors: Such as personal safety / level of crimeHealth Factors: Such as prevalence of disease and health standardsEducation Factors: Such as education standards, prevalence of international schoolsTransportation Factors: Such as prevalence of public transport, fuel and road safety.The ratings for hardship are classified into four main groups and can be described as follows:1) Minimal Hardship (10% Hardship Premium)2) Some Hardship (20% Hardship Premium)3) High degree of Hardship (30% Hardship Premium)4) Extreme Hardship (40% Hardship Premium). Istanbul is ranked as high degree of hardship with a typical hardship premium of 30%.ReferenceThe above information is updated quarterly using data collected over the previous 12 months. The international cost of living & hardship indexes are only available using our online expatriate calculators to enable users to create personalized cost of living comparison reports:Salary Purchasing Power Parity CalculatorCost of Living Index CalculatorCost of Living Allowance CalculatorPublished by Xpatulator.com on 1 April 2013.To link to this article: http://www.xpatulator.com/cost-of-living-review/Turkey-Istanbul_314.cfm