Florence vs Istanbul
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Florence vs Istanbul
Istanbul is 57% more affordable for homebuyers. Florence has a price-to-income ratio of 9.2x compared to 8.5x in Istanbul.
| Metric | Florence | Istanbul |
|---|---|---|
| Avg Home Price | $350,000 | $150,000 |
| Price / sqm | $4,800 | $2,200 |
| Rent (1BR) | $800/mo | $500/mo |
| Rent (3BR) | $1,400/mo | $900/mo |
| Price-to-Income | 9.2x | 8.5x |
| Mortgage Rate | 3.8% | 42.0% |
| 1yr Change | +3.2% | +35.0% |
| Median Income | $38,000/yr | $18,000/yr |
| Population | 380,000 | 15,500,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Florence or Istanbul more expensive?
Istanbul is more affordable. Home prices differ by $200,000 (57%).
Which city has cheaper rent, Florence or Istanbul?
Rent for a 1BR in Florence is $800/mo vs $500/mo in Istanbul.
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