Expats’ Guide to Retiring in Turkey

Retiring abroad is a dream for many, and Turkey stands as a top choice due to its rich culture, beautiful landscapes, and affordable living. If you are considering retirement in Turkey, this guide will cover everything from the best places to retire to the cost of living and visa requirements.

Is Turkey a Good Place to Retire?

Yes. Turkey offers a unique blend of Eastern and Western cultures, a Mediterranean climate, and a relatively low cost of living. The country has become increasingly popular among retirees, especially from the US and Europe. The friendly locals, delicious cuisine, and vibrant history add to its charm.

Best Places to Retire in Turkey

Choosing the right location is crucial when retiring in Turkey. Here are some top spots to consider:

Istanbul, Turkey’s cultural and financial center, offers a unique combination of historical sites and modern amenities. Retirees can immerse themselves in the rich history and vibrant culture while enjoying the conveniences of a major city.

Antalya is known for its stunning beaches and affordable living. This picturesque city on the Mediterranean coast is perfect for those looking to enjoy a sunny and relaxed lifestyle.

Muğla, including popular towns like Bodrum and Fethiye, is an excellent choice for retirees. It comprises a beautiful coastline, a vibrant expat community, and a relaxed lifestyle with plenty of outdoor activities and scenic views.

Izmir, a metropolitan city, combines modern living with a rich historical background. Its warm climate and friendly atmosphere make it a welcoming place for retirees looking to settle in a dynamic yet relaxed environment.

Mersin, on the Mediterranean coast, offers urban living and coastal charm. Known for its affordability and beautiful beaches, Mersin is for those seeking a balance between city life and seaside relaxation.

Trabzon is on the Black Sea coast and is known for its green landscapes and cooler climate. It provides a unique retirement experience with its rich cultural heritage, stunning natural beauty, and a slower pace of life.

Retiring in Turkey Cost of Living

The cost of living in Turkey is generally lower than in many Western countries, making it an attractive destination for retirees. According to Numbeo, consumer prices as rent are about 60% lower in Turkey compared to the United States.

For example, a one-bedroom apartment in the city center can cost around $250-$400 per month, while utilities for a similar apartment may add another $50-$75 per month.

Groceries, dining out, and transportation are also quite affordable, with a meal at a mid-range restaurant costing about $5-$10 per person and a monthly public transportation pass priced at around $15-$30. Retirees can enjoy a comfortable lifestyle in Turkey on a moderate budget.

How Much Do I Need to Retire in Turkey?

For a comfortable retirement in Turkey, it’s recommended to have a monthly budget of at least $1,000. However, $2,000 per month is ideal. It includes housing, utilities, groceries, healthcare, and leisure activities.

Turkey Retirement Visa Requirements

Retirees do not need a specific visa. They can get a tourist visa for short visits. So, a US citizen can retire in Turkey. If you want to live in Turkey for more than 90 days a year, you can apply for a long-term residency by investing in real estate, which costs at least USD 200,000 and lets you live there permanently, but you can’t sell the property and need to renew your residency every year.

To become a Turkish citizen, you need to invest at least 400,000 USD in a property and keep it for at least three years.

How to Retire in Turkey?

Start by visiting Turkey to explore different cities and find the best one for your retirement. Next, ensure you possess sufficient savings or a stable income for ideal financial planning. Secure a comprehensive health insurance plan to cover your medical needs.

Apply for a short-term residence permit upon arrival, then transition to a long-term permit. Finally, settle in by finding suitable housing, registering your address, and integrating into the local community to make the most of your retirement experience in Turkey.

Retirement in Turkey for foreigners can be a rewarding experience. With its diverse culture, beautiful landscapes, and affordable living, it’s no wonder many US citizens are choosing Turkey as their retirement destination. By understanding the requirements and planning accordingly, you can enjoy a fulfilling and comfortable retirement in this fascinating country.

Originally published at tekce.com