Cost of Living in Northern Cyprus: Contains information about the cost of living in this area.
Due to the great popularity of immigration to North Cyprus, in this article, we at Zahorian Investment Company are going to examine the cost of living in this area. This information will help you to plan your immigration to this country with a more open view! So be sure to stay with us!
currency:
The currency of Northern Cyprus is the Turkish Lira (TRY). However, for ease of understanding, we will also present the amounts in United States Dollars (USD).
Categories of expenses:
In general, the cost of living in Northern Cyprus falls into three main categories:
Accommodation costs: including renting or buying housing
Food expenses: including food, restaurants, etc.
Ancillary expenses: including clothing, transportation, health, treatment, insurance, etc.
Accommodation costs:
Rent: In Northern Cyprus, unlike in some countries, landlords do not collect “mortgage” money from tenants. Instead, an amount is charged as a “deposit” or advance payment, which is returned to the tenant at the end of the contract after deduction of possible damages.
Amount of the deposit: The amount of the deposit is usually equal to one month’s rent, but in some cities, such as Nicosia, up to two months’ rent may be charged.
Advance payment: Many landlords charge 6 months of rent in advance in the first year of the lease.
Rental price: The prices presented below are for suitable apartments in the city center. For apartments further from the city center, you can expect about 30% less.
One bedroom apartment: $300 to $400 per month
Two-bedroom apartment: $400 to $500 per month
Three-bedroom apartment: $500 to $600 per month
Buying a property: Some people prefer to buy a property and become a landlord instead of monthly rent. This has several advantages, including:
The possibility of obtaining residence
Free education for children in North Cyprus schools
Increasing property value in the long term (at least 10% per year)
Food expenses:
Food: In general, food prices are cheaper in Northern Cyprus than in Iran. for example:
Bread: $0.50
Milk: $1
Eggs: $1 per comb
Chicken meat: $3 per kilogram
Fruits and vegetables: $1 to $2 per kilogram
Restaurants: The price of food in restaurants is relatively reasonable. You can have a full meal for 10-15 dollars in regular restaurants.
Additional costs:
Clothing: The price of clothing in North Cyprus depends on the brand and its quality. In general, you can get clothes at the same price as in Iran.
Transportation: The public transportation system in Northern Cyprus is not fully developed. However, you can easily get around the area by taxi or intercity buses. Taxi costs around 2 to 3 dollars for each short trip.
Health and treatment: Health and treatment services in North Cyprus are provided with good quality. The cost of a general practitioner visit is about 10 to 20 dollars.
Insurance: Health insurance is not mandatory in North Cyprus, but it is recommended to get insurance to cover possible expenses.
Additional costs:
Health test and residence tax: In addition to the costs of buying or renting housing, residents of North Cyprus are required to pay an annual health test and residence tax of about $100.
Shipping costs:
Fuel: The price of fuel in North Cyprus is more expensive than in Iran.
Public Transport: The public transport system in Northern Cyprus is not fully developed, but you can easily get around the area by taxi or intercity buses. Taxi costs around 2 to 3 dollars for each short trip.
Cost of clothing:
Turkish clothing brands are popular in North Cyprus and are reasonably priced.
for example:
Hoodie: $10
Tonic: 13 dollars
Jeans: $12
Shirt: $12.50
Jacket: $500
T-shirt: $6
Leather boot: $34
Barbershop fee:
The price of men’s haircut and shape with a hair dryer is usually 6 dollars, and the price of cutting women’s hair in a barber shop is 8 dollars.
Healthcare cost:
Government services: Government hospitals and clinics and health care services in Northern Cyprus are free or at very low cost.
Health Insurance: It is important to have health insurance and access to an emergency fund for unexpected medical expenses.
Non-governmental services: services related to cosmetic and dental surgeries are not free in Northern Cyprus. The prices of some dental services are listed below:
Tooth extraction: $17
Dental filling (without nerve extraction): $33
Dental filling (multi-channel root canal): $85
Each composite unit: $100
Each implant unit: $500
Municipal tax:
In addition to the additional costs of living in North Cyprus, there is a tax called “Municipal Tax” which is similar to the municipal tax and is less than $100 per year. Also, property purchase services in North Cyprus and Turkey is another service provided by Zahoorian Investment Company. This service is provided by real estate experts with legal license and credit and years of successful experience by Zahoorian Investment Company!
Examining student living costs in Northern Cyprus
The cost of living for students in Northern Cyprus depends on two main factors: university fees and the type of accommodation (dorm or house). In the following, we will examine the details of these costs as well as solutions to save costs.
University tuition:
University fees in Northern Cyprus are significantly lower compared to many other countries. For detailed information about the tuition fee of your desired course, you can visit the website of the desired university or contact the admissions department of your desired student.
Type of accommodation:
Dorm:
Dorms are an affordable option for single students.
The quality of North Cyprus hostels is good and they offer facilities such as internet, cleaning service and meals.
Student dormitories cost an average of $200 to $300 per month, including meals.
Shared house:
Renting a shared house can be more suitable for groups of 3 people or more.
The cost of renting a shared house is on average between 300 and 400 dollars per month.
Monthly student fees:
The table below lists the approximate monthly expenses for a student in Northern Cyprus:
Fee amount (USD)
Restaurant food 330
Supermarket food 170
Student dormitory + food, 3 meals, advance 250
Books, pamphlets, other materials 15
Bills + Internet 100
Excursion, entertainment 100
Free transportation on the way to the university
Total: about $1,165
Note: These amounts are approximate and may vary depending on your lifestyle and type of stay.
Student work:
Students can work part-time in restaurants, cafes, universities, institutions or companies to compensate part of their expenses.
Conditions:
Students are allowed to work 20 hours a week.
Overtime is also possible.
Income:
Part-time student income in Northern Cyprus is around $300 per month.
Ways to save money:
Buy in bulk: instead of daily purchases, make a shopping list and buy in bulk.
Buying from weekly markets: Get fruits, dairy products, dried fruits and vegetables from weekly markets that have a better price.
Buying from large stores: The prices of goods in large chain stores such as Lemar, Jumbo and Mr. Pound are more suitable than small supermarkets.
Buy during the discount period: take advantage of special store discounts.
Living in cheaper cities: Guzel Yurt is the cheapest city in Northern Cyprus.
Finally, we can conclude that North Cyprus can be a good option for studying with relatively low costs. With a little planning and financial management, you can easily afford the cost of living in this country. Also, if you are looking for more information to invest in North Cyprus, you can refer to the article Investing in North Cyprus 2024 published in Zahorian Investment Company and get more information about investing in this country!