Verified Facts

Official NameIslamic Republic of Iran
CapitalTehran
Population86.0 million
Area1,648,195 km² (636371 sq mi)
LanguagesPersian (Farsi)
CurrencyIranian rial (ï·¼)
TimezoneUTC+03:30
RegionAsia / Southern Asia
Drives onRight
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$19,874 (2024)
Inflation Rate32.5% (2024)
Health Spend per Capita$267 (2023)
Out-of-Pocket Health Spend43.1% (2023)
Education Spend (% GDP)2.8% (2023)
Source: World Bank Open Data

Iran is generally cheaper than Turkey, with an overall cost of living that is around 20-30% lower.

Quick Facts

Iran GDP per Capita (PPP)11,443
Turkey GDP per Capita (PPP)28,346
Iran Inflation Rate34.6
Turkey Inflation Rate11.2
Overall Winner (Cheaper)Iran

Overview: Iran vs Turkey

Iran and Turkey are two neighboring countries in the Middle East with distinct economic profiles. Iran has a largely state-controlled economy, while Turkey has a more diversified and open economy. In terms of cost of living, Iran is generally cheaper than Turkey, with lower prices for housing, food, and transportation. However, Turkey has a more developed tourism infrastructure and a wider range of consumer goods, which can drive up costs for expats and tourists.

The economic context of the two countries is also different, with Iran facing international sanctions and a more isolated economy, while Turkey is a member of the G20 and has a more integrated economy with Europe. Despite these differences, both countries offer a unique cultural and historical experience for visitors and expats, with a rich heritage and natural beauty. Iran's cost of living is around 20-30% lower than Turkey's, making it an attractive option for budget-conscious travelers and expats.

Rent & Housing Comparison

ItemIran (USD)Turkey (USD)Difference
1BR Apartment (City Center)20035043% cheaper
1BR Apartment (Outside)15025040% cheaper
3BR Apartment (City Center)40060033% cheaper

Food & Dining Comparison

ItemIran (USD)Turkey (USD)Difference
Meal at Restaurant51050% cheaper
Groceries (monthly)10015033% cheaper
Beer (500ml)2560% cheaper
Coffee1250% cheaper

Transport Comparison

ItemIran (USD)Turkey (USD)Difference
Monthly Transit Pass102050% cheaper
Taxi (per km)0.5150% cheaper
Fuel (per liter)0.51.567% cheaper

Utilities & Internet Comparison

ItemIran (USD)Turkey (USD)Difference
Utilities (85 sqm apt)5010050% cheaper
Internet (60 Mbps)203033% cheaper
Mobile Plan102050% cheaper

Monthly Budget Comparison

Budget TierIran (USD)Turkey (USD)Savings
Budget50080037%
Mid-Range1,0001,50033%
Comfortable2,0003,00033%

Where Each Country Wins

  • Iran is cheaper for:
  • Housing and rent, with prices 30-40% lower than in Turkey
  • Food and dining, with meal prices 50% lower than in Turkey
  • Transportation, with taxi and fuel prices 50-67% lower than in Turkey
  • Utilities and internet, with prices 33-50% lower than in Turkey
  • Turkey is cheaper for:
  • Certain consumer goods, such as electronics and clothing, which are more widely available and often cheaper in Turkey
  • Tourist activities and attractions, which are more developed and diverse in Turkey
  • Healthcare and medical services, which are more modern and widely available in Turkey
  • International travel, with more flights and connections available from Turkish airports

Bottom Line

Iran offers better value for budget-conscious travelers and expats, with lower prices for housing, food, and transportation. However, Turkey offers a more developed tourism infrastructure and a wider range of consumer goods, which can be attractive for expats and tourists who value convenience and variety. For students and families, Iran may be a more affordable option, while for retirees and digital nomads, Turkey may offer more amenities and services. Ultimately, the choice between Iran and Turkey depends on individual priorities and lifestyle preferences.