Is Turkey cheaper than the US?

Yes, Turkey is significantly cheaper than the US. With a price index of 45 (US = 100), you can expect to pay roughly 55% less for a comparable basket of goods and services. This difference is substantial across most spending categories. For example, consumer prices, including rent, are about 67% lower in Turkey. A meal at an inexpensive restaurant might cost you around $5.50 in Istanbul, compared to $20 in a US city. Groceries are also much cheaper; a liter of milk is about $1.15 in Turkey versus $1.00 in the US, but overall grocery bills are lower. Rent is a major factor. A one-bedroom apartment in a city center averages around $350-$600 in Turkey, while in the US, it's typically $1,500-$2,500+. Utilities are also considerably less. While income tax rates in Turkey can range from 15% to 40% for residents, the lower cost of living means your money stretches much further. If affordability is your primary concern, Turkey offers a compelling option for a lower expense lifestyle.