Disclaimer: This “new retirement hotspot” blog post was created prior to the recent earthquake that occurred in Turkey. The information and opinions presented in this post were accurate at the time of creation and were based on the best available information at that time. However, due to the unforeseeable nature of natural disasters, the events that have occurred since the creation of this post may have changed the situation on the ground in Turkey. Therefore, the reader should exercise caution and make their own judgments based on the most up-to-date information available, and should not rely solely on the information presented in this post. If you’d like to help & donate please consider Ahbap and Doctors Without Borders.
Table of Contents
Welcome!
I will tell you why Turkiye is the NEW Retirement Hotspot but I might be a little biased about the topic since I was born and grew up in Turkiye and lived there until the late 90s. I will give you the good, and the bad and there is no ugly!
Turkiye, a transcontinental country at the crossroads of Europe and Asia, boasts a rich cultural heritage with ancient ruins, stunning landscapes, and a diverse cuisine. Known for its warm hospitality, the country features a blend of ancient and modern architecture in its cities, while the countryside offers breathtaking natural beauty, including hills, beaches, and mountains. Turkiye is also a hub for outdoor adventures like hiking, skiing, and hot-air ballooning, making it an ideal destination for travelers and retirees.
Why Turkiye is the NEW Retirement Hotspot
If you’re looking for a retirement destination that offers a low cost of living, stunning scenery, and welcoming culture, then Turkiye may be the perfect choice for you. With its diverse landscape, rich history, and affordable lifestyle, Turkiye has become an increasingly popular destination for ex-pats looking to retire in a foreign land. In this blog, we’ll explore some of the reasons why Turkiye is a great place to retire, including its low living costs, expat-friendly destinations, safety, and healthcare.
Low Living Costs
One of the biggest advantages of retiring in Turkiye is the low cost of living. The country offers a very affordable lifestyle, with reasonably priced housing, food, and transportation. In fact, according to Numbeo, the cost of living in Turkiye is 58% lower than in the United States. This means that retirees can live comfortably on a smaller budget, and enjoy a higher quality of life.
Housing
Housing is one of the biggest expenses for retirees, but in Turkiye, it’s much more affordable than in many other countries. The cost of housing varies depending on the city and the neighborhood, but generally, it is very reasonable. For example, a two-bedroom apartment in Istanbul can cost as little as $500 per month. In smaller cities and towns, the cost of housing is even lower. You can search and find the cost of housing by location on Hepsi Emlak or Sahibinden web pages (you might need to create a free account or use VPN to see Sahibinden).
Food
Food is another area where retirees can save money in Turkiye. The country has a rich culinary culture, with delicious and affordable food available in markets, cafes, and restaurants. A meal in a local restaurant can cost as little as $5, while street food is even cheaper. Fresh produce and meat are also very affordable, which makes cooking at home a cost-effective option. According to Wikipedia Turkish Cuisine is largely the heritage of Ottoman cuisine, which can be described as a fusion and refinement of Mediterranean, Balkan, Middle Eastern, Central Asian, and Eastern European cuisines.
Transportation
Transportation in Turkiye is also very affordable, with a well-developed public transportation system that includes buses, trains, ferries, and metros. Taxis are also available, and they are much cheaper than in many other countries. For example, a 10-minute taxi ride in Istanbul costs around $2-3. For retirees who don’t want to drive, public transportation is a convenient and budget-friendly option.
Nearly 50 cities in Turkey have active domestic or international airports, you can find low-cost flights at Pegasus or try national carrier Turkish Airlines. Major bus companies offer intercity coaches with comfortable features such as reclining seats, snacks, and sometimes entertainment systems with Wi-Fi. Although the journey times can be lengthy, and ticket prices may not always be as competitive as flight fares, it’s an authentic way to travel locally. You can book tickets directly on their website Varan, Pamukkale (unfortunately Turkish only), or try OBilet.com.
Other Expenses
Other expenses, such as utilities, healthcare, and entertainment, are also very affordable in Turkiye. Utility bills, including electricity and water, are much lower than in many other countries. Healthcare is also affordable, with a good public healthcare system and private health insurance options available. Entertainment, such as movies, concerts, and museums, is also reasonably priced, which means retirees can enjoy a rich cultural life without breaking the bank.
Turkiye offers a low cost of living, which makes it an excellent destination for retirees looking to stretch their retirement savings. With affordable housing, food, transportation, and other expenses, retirees can enjoy a comfortable lifestyle without worrying about financial constraints.
Expat Destinations in Turkiye
Turkiye is a diverse country with a wide range of cities and towns that offer something for everyone. Many ex-pats choose to retire in coastal towns like Antalya, Bodrum, and Fethiye, where they can enjoy beautiful beaches, warm climates, and vibrant ex-pat communities. Istanbul, the largest city in Turkiye, is also a popular destination for retirees, with its rich history, beautiful architecture, and bustling streets. With so many options to choose from, you’re sure to find a place in Turkiye that suits your lifestyle and interests.
Antalya
Antalya is a beautiful coastal city located on the Mediterranean coast of Turkiye. It is known for its stunning beaches, crystal-clear waters, and vibrant nightlife. Antalya has a large ex-pat community, which means that retirees can find a wide range of amenities and services that cater to their needs The city also has rich, with many historical sites and museums to explore. To learn more and explore the city you can start with the Antalya City Guide.
We enjoy staying in Kaleici, a historic neighborhood located in the heart of Antalya. Kaleici means “inside the castle” in Turkish, referring to the old city walls that still partially encircle the area. Kaleici is a fascinating blend of history, culture, and modern amenities, offering visitors a unique glimpse into Turkey’s rich past and vibrant present. You can easily spend several days exploring this charming and historic neighborhood. Explore the Old Town, visit historic landmarks, shop at the bazaar, enjoy the nightlife, and try Turkish cuisine. Don’t forget to visit our favorite restaurant Mermerli, gorgeous view, delicious food, and friendly service.
Bodrum
Bodrum, located on the Aegean coast of Turkiye, is a favored destination for ex-pats due to its stunning beaches, clear waters, and laid-back lifestyle. With a large ex-pat community, retirees can access various amenities and services. The city boasts a rich cultural heritage with numerous historical sites and museums, alongside a vibrant nightlife filled with bars, clubs, and restaurants. Outdoor activities like sailing, windsurfing, and hiking are abundant. Visiting in December provided a quiet, relaxed experience despite the overcast weather.
Fethiye
Fethiye is a charming town located on the Mediterranean coast of Turkiye. It is known for its stunning beaches, picturesque harbor, and laid-back lifestyle. Fethiye, Kas, and Kalkan areas have a growing ex-pat community, which means that retirees can find a wide range of amenities and services that cater to their needs. The town also has a rich cultural heritage, with many historical sites and museums to explore. Fethiye is known as one of the world’s top paragliding destinations, thanks to its stunning coastline and mountainous terrain. Visitors can take part in a tandem paragliding flight in Oludeniz and experience the breathtaking views of the Aegean Sea from above.
Istanbul
Istanbul is the largest city in Turkiye and one of the most vibrant and diverse cities in the world. It is known for its rich history, beautiful architecture, and bustling streets. Istanbul is also a hub for international business and commerce, with many multinational companies having a presence in the city.
The city also has a rich cultural heritage, with many historical sites and museums to explore, and offers a high quality of life, with a moderate cost of living and a range of amenities such as shopping centers, restaurants, and parks. The city also has a good public transport system, making it easy to get around. One of our favorite cities to visit in the world, I can’t describe the vibe in several sentences. Istanbul needs its own article for sure.
Don’t forget to check our Ultimate Guide to An Epic Istanbul Layover Tour guide.
Other Destinations
In addition to these popular ex-pat destinations, Turkiye has many other towns and cities that offer a high quality of life and a welcoming community. For example, Izmir, Bursa, and Ankara are all great options for retirees. Turkiye offers a wide range of ex-pat destinations, from beautiful coastal towns to vibrant cities. Retirees can find a place that suits their lifestyle and interests, and enjoy a high quality of life in a welcoming and vibrant community.
Other Things to Consider
Safety
Safety is always a concern when moving to a new country, but Turkiye is generally considered to be a safe destination for ex-pats. The country has a low crime rate, and the government has taken steps to improve security in recent years. However, it’s important to exercise caution when traveling in certain regions, especially near the Syrian border. Overall, Turkiye is a safe and welcoming country, and ex-pats are generally made to feel at home.
Terrorism
Turkiye has experienced some terrorist attacks in recent years, particularly in Istanbul and Ankara. These attacks have targeted tourist areas, public transportation, and government buildings. While the risk of being caught up in a terrorist attack is low, retirees should be cautious and vigilant when in crowded areas, tourist sites, and public transportation.
Political Unrest
Turkiye has experienced some political unrest in recent years, with protests and demonstrations taking place in major cities. While these protests are often peaceful, they can sometimes turn violent, and retirees should avoid areas where demonstrations are taking place.
Natural Disasters
Turkiye is prone to natural disasters, such as earthquakes and floods. Retirees should be aware of the risks and take necessary precautions to prepare for these events. It is also recommended to stay up-to-date with local news and follow the advice of local authorities in the event of a natural disaster.
Road Safety
Road safety can be a concern in Turkiye, particularly in larger cities. The country has a high rate of traffic accidents, and the driving style can be aggressive. Retirees should be cautious when crossing the road and using public transportation. It is also recommended to use a reputable taxi service, rather than hailing a taxi on the street.
Personal Safety
Retirees should also be aware of personal safety concerns, such as petty theft and pickpocketing. These crimes are more common in tourist areas and crowded places, so it is recommended to keep valuable items secure and be aware of your surroundings.
Turkiye is generally a safe country to visit and live in. While there are some safety concerns, such as terrorism, political unrest, natural disasters, road safety, and personal safety, retirees can take necessary precautions to minimize the risks and enjoy a safe and comfortable retirement in Turkiye.
Healthcare
Another important consideration for retirees is healthcare. Turkiye offers a high standard of healthcare, with modern hospitals and well-trained medical professionals. The cost of healthcare is also relatively low, especially compared to the United States. Many expats choose to purchase private health insurance to supplement the public healthcare system, which offers a good balance of affordability and quality.
Public Healthcare
The public healthcare system in Turkiye is run by the Ministry of Health and provides medical care to all Turkish citizens and legal residents. The system is funded by taxes and provides free or low-cost medical care to those who are eligible. The quality of care in the public system can vary depending on the region, but in general, the system is well-regarded and provides a high standard of care.
Private Healthcare
Turkiye also has a thriving private healthcare sector, with many modern hospitals and clinics offering high-quality medical care. The private sector is particularly popular with ex-pats and tourists, who often choose to pay for private medical care rather than using the public system. Private healthcare in Turkiye is generally of a high standard, with modern facilities and well-trained medical professionals.
Pharmacies
Pharmacies are readily available throughout Turkiye, and many medications are available without a prescription. However, it is important to note that some medications that are available over the counter in other countries may require a prescription in Turkiye. Retirees should also be aware that some medications may be counterfeit or of low quality, particularly if purchased from unlicensed vendors.
Health Insurance
Many retirees choose to purchase private health insurance in Turkiye, which can provide additional coverage and peace of mind. Private health insurance plans in Turkiye are generally affordable and provide comprehensive coverage for medical expenses. It is recommended to research and compare different plans before choosing a provider.
Medical Tourism
Turkiye is also a popular destination for medical tourism, with many people traveling to the country for medical procedures such as cosmetic surgery, dental treatments, and fertility treatments. The country has a well-developed medical tourism industry, with modern facilities and well-trained medical professionals.
Turkiye has a comprehensive and well-regarded healthcare system that provides high-quality medical care at affordable prices. Retirees can choose between public and private healthcare facilities, and many choose to purchase private health insurance for additional coverage. With modern facilities and well-trained medical professionals, Turkiye is also a popular destination for medical tourism. Lots of Europeans and Middle Easterns choose Turkiye for Hair transplants, Dental Implants, and Plastic surgeries. We also ended up going to Turkiye for bariatric surgery. Malkit had a Type 2 Diabetic surgery in Istanbul in 2020, our experience with the Dr, hospital, and staff was wonderful.
Conclusion
Retiring in Turkiye offers many advantages, including low living costs, a wide range of expat-friendly destinations, safety, and quality healthcare. With its rich history, beautiful scenery, and welcoming culture, Turkiye is a great choice for anyone looking to retire in a foreign land. So why not explore this amazing country and see if it’s the right destination for your retirement dreams?