What to Expect in Terms of Salary When Working in Turkey

What to Expect in Terms of Salary When Working in Turkey

Turkey is an attractive destination for many people looking to work abroad. With its vibrant culture, stunning landscapes, and friendly people, it’s no wonder why so many people are drawn to the country. But what about the salaries? What can you expect to earn when working in Turkey?

Average Salaries in Turkey

The average salary in Turkey is around 4,000 Turkish Lira (TRY) per month, which is equivalent to around $500 USD. This is significantly lower than the average salary in the United States, which is around $3,500 USD per month. However, salaries in Turkey can vary greatly depending on the industry and the city. For example, salaries in Istanbul tend to be higher than in other cities.

Minimum Wage in Turkey

The minimum wage in Turkey is currently 2,020 TRY per month, which is equivalent to around $250 USD. This is significantly lower than the minimum wage in the United States, which is around $1,000 USD per month.

Salaries by Industry

Salaries in Turkey can vary greatly depending on the industry. For example, salaries in the IT industry tend to be higher than in other industries. Salaries in the banking and finance industry are also higher than in other industries.

Taxes in Turkey

Taxes in Turkey are relatively low compared to other countries. The income tax rate is 15%, and the corporate tax rate is 20%. There are also social security taxes, which are paid by both the employer and the employee.

FAQs

What is the average salary in Turkey?

The average salary in Turkey is around 4,000 Turkish Lira (TRY) per month, which is equivalent to around $500 USD.

What is the minimum wage in Turkey?

The minimum wage in Turkey is currently 2,020 TRY per month, which is equivalent to around $250 USD.

What are the taxes in Turkey?

The income tax rate in Turkey is 15%, and the corporate tax rate is 20%. There are also social security taxes, which are paid by both the employer and the employee.