Is Bodrum good for retirement?
And Bodrum, the trendy luxury vacation spot on the Turkish Riviera, famous for its crystal-clear waters, high-end resorts, designer shopping, and chic eateries, is the top choice for retirees seeking exclusivity and privacy.
It is one of the best living areas in Turkey, on the coast of the Aegean Sea, and includes many of Turkey's most beautiful tourist places, three luxury ports, shops, tourist landmarks, luxury markets, a variety of housing and living properties, as well as high-end farms and villas.
💵 Cost of living for nomad | $1,992 / month |
---|---|
💵 Cost of living for expat | $1,207 / month |
💵 Cost of living for family | $1,912 / month |
💵 Cost of living for local | $546 / month |
🏨 Hotel (median price) | $1,599 / month |
Turkey doesn't have a visa specifically for retirement, so you have to apply for a residence permit instead. This requirement applies to anyone who intends to remain in the country more than three months.
Bodrum is a beautiful city in Turkey located on the Bodrum Peninsula. It stretches along Turkey's southern coast into the Aegean Sea. Featuring two beautiful twin bays, views of Bodrum Castle, and amazing weather, Bodrum has lots going for it.
November, December, January and February are among the rainiest months in Bodrum with February being the coldest month of the year, with an average temperature of only 8°C. The average sea temperature during the winter months is 17°C and swimming pools have an average temperature of 14°C.
English is widely spoken throughout Bodrum, making communication with locals easy and enjoyable.
In Istanbul it is better to have at least $2,000 per month to live comfortably, as it is the most expensive city in Turkey. In Ankara or Izmir, $1,500—$2,000 will be enough. Is $1,500 enough to live in Turkey? If you move on your own, $1,500 for living in any Turkish city will be enough.
The average price per square meter of residential real estate in Turkey reached $675 in October 2022, and the average cost of a house was $87,736. Residential real estate increased in price by 199% year‑on‑year, while the return on investment period grew up to 19 years.
The Climate in Bodrum
Nights are also warm, with low temperatures still averaging 8°C (47°F) in winter, and 23°C (74°F) in summer. Precipitation is low throughout the year, with very little rain falling at all during summer months, and long periods of sunshine.
How much income do I need to retire to Turkey?
Whether you are applying for a short- or long-term visa, you'll generally be required to show evidence of adequate assets. There is no set amount here as it depends on whether you have dependents, but a single person can expect to need the Turkish minimum wage as their monthly income.
Social security contributions
If there is a social security treaty between the home country and Turkey, the exemption period may be longer, depending on the treaty. If the employee is not subject to foreign social security, full contributions will generally be imposed in Turkey.
Türkiye has universal public health insurance. All residents registered with the Social Security Institution (SSI) are entitled to free health care.
You should visit Istanbul for historical places, cultural events and shopping. If you like gastronomy, wine, experience nice cuisines in unique restaurants and swim in cool and clean sea, then you should come to Bodrum.
Hidden Corners. Bodrum is a major tourist town and downtown you'll find lots of tourists at the open-air bazaar or the many shops and restaurants. However, it's also so easy to get away from the crowds.
In order to truly make the most of your trip to Bodrum car hire really is essential. It will allow you to get out and explore all of these wonderful places at your own pace and in your own time. Pick up your car after flying into Bodrum Airport (BJV), but pre-book in the UK to get the very best rental prices.
Yes, indeed! Bodrum is located on a peninsula where the Aegean sea meets the Mediterranean and it has several beautiful beaches. Just imagine spending the day with your family in a nice, quiet cove where you can relax on the clean sandy beach or swim in the clear, blue waters.
It's usually too cold to swim at this time of year and visitors may be better off seeking the comfort of a heated or indoor pool. The average sea temperature is 17 C.
One of Turkey's (officially the Republic of Türkiye) most popular coastal resorts and the gateway to the picturesque Bodrum Peninsula, Bodrum has a wealth of natural and historical sights right on its doorstep. Three days gives you plenty of time to lounge on the idyllic beaches and explore farther afield.
There is a significant police presence especially around tourist areas. However, like any other major city, it's always best to remain vigilant especially at night and avoid less populated areas. Some precautions recommended: Don't share travel plans with strangers and keep your belongings secure.
Is Bodrum classy?
Bodrum is the place where Turkey's most beautiful people spend their summers — and in recent years it has become a destination for the international elite, too. Some of the public beaches along the Bodrum peninsula are extremely ritzy, though those with serious money head to the resorts with private beaches.
Bodrum nightlife is an experience to remember – if you remember to consume responsibly, that is. This perpetually sunny beach resort in southwest Türkiye has earned a reputation as a party town, with scores of vibrant nightspots catering to the constant influx of international visitors.
Yes, you can live comfortably on $1,000 per month in Istanbul, Turkey. However, it depends on your lifestyle and your expectations. If you are willing to live simply and to cook at home, you can definitely live comfortably on $1,000 per month.
United States is 109% more expensive than Turkey. Jan 2024 Cost of Living.
Average monthly salary ranges in Turkey from 8,506 TRY (452 USD), the lowest average, to 357,705 TRY (18,800 USD), the highest average. Actual amounts for a person's highest salary can be greater than the highest average pay, while the minimum salary can be less than the lowest average pay.
References
- https://www.quora.com/Should-I-go-on-holiday-to-Bodrum-Istanbul-or-Antalya
- https://www.unbiased.com/discover/retirement/retiring-in-turkey-a-complete-guide
- https://www.tui.co.uk/holidays/weather/europe/turkey/turkey-bodrum/january.html
- https://www.expatistan.com/cost-of-living/country/comparison/turkey/united-states
- https://travelladies.app/safety/turkey/bodrum
- https://smartasset.com/retirement/retire-in-turkey
- https://uk.hotels.com/go/turkey/best-nightlife-bodrum
- https://www.travelsupermarket.com/en-gb/car-hire/turkey/bodrum/
- https://theculturetrip.com/europe/turkey/articles/6-reasons-why-youll-instantly-fall-in-love-with-bodrum-turkey
- https://www.friendshiptravel.com/blog/6-reasons-to-visit-bodrum-in-turkey/
- https://eurohealthobservatory.who.int/countries/turkiye
- https://nomadlist.com/cost-of-living/in/bodrum
- https://taxsummaries.pwc.com/turkey/individual/other-taxes
- https://www.imtilak.net/en/turkey/articles/living-in-bodrum-turkey
- https://immigrantinvest.com/insider/turkey-property-sales-statistics-en/
- https://adventurefolio.com/do-people-speak-english-in-turkey/
- https://www.theturquoisecollection.com/experience/experience-bodrum/bodrum-climate/
- https://www.quora.com/Can-you-live-comfortably-on-1-000-per-month-in-Istanbul-Turkey
- https://tolerance-homes.com/articles/average-salary-in-turkey/
- https://www.thetimes.co.uk/travel/destinations/europe/turkey/bodrum/best-things-to-do-in-bodrum
- https://www.internations.org/bodrum-expats/guide/moving-to-short
- https://www.viator.com/blog/Bodrum/d4292/How-to-Spend-3-Days-in-Bodrum/i13039
- https://immigrantinvest.com/blog/cost-of-living-turkey-en/
- https://excursionmania.com/does-bodrum-have-a-beach/