Incheon vs Izmir
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Incheon vs Izmir
Izmir is 69% more affordable for homebuyers. Incheon has a price-to-income ratio of 10.2x compared to 7.2x in Izmir.
| Metric | Incheon | Izmir |
|---|---|---|
| Avg Home Price | $350,000 | $110,000 |
| Price / sqm | $6,800 | $1,800 |
| Rent (1BR) | $600/mo | $400/mo |
| Rent (3BR) | $1,100/mo | $700/mo |
| Price-to-Income | 10.2x | 7.2x |
| Mortgage Rate | 3.8% | 42.0% |
| 1yr Change | -0.5% | +30.0% |
| Median Income | $34,000/yr | $15,000/yr |
| Population | 3,000,000 | 4,400,000 |
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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 Incheon or Izmir more expensive?
Izmir is more affordable. Home prices differ by $240,000 (69%).
Which city has cheaper rent, Incheon or Izmir?
Rent for a 1BR in Incheon is $600/mo vs $400/mo in Izmir.
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