City Budget Comparison
Can You Live on $1,500/month?
London vs Izmir — Budget Breakdown
Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates · April 2026
Feasibility
London
Likely Insufficient
COL+Rent: 72.9 (NYC=100)
$1,500/mo may not cover basic costs in London.
Izmir
Comfortable
COL+Rent: 20.2 (NYC=100)
$1,500/mo comfortably covers expenses in Izmir.
Budget Breakdown
| Category | London | Izmir | Diff |
|---|---|---|---|
| Rent (avg 1BR) | $906 | $613 | +$293 |
| Groceries | $171 | $441 | $270 |
| Dining Out | $136 | $206 | $70 |
| Transportation | $46 | $43 | +$3 |
| Utilities | $105 | $105 | $0 |
| Other / Misc | $136 | $92 | +$44 |
| Total | $1,500 | $1,500 | — |
Purchasing Power
London
$1,500
per month
Izmir equivalent
$416
per month
Only $416/mo in Izmir matches $1,500/mo in London — better value.
Other Budget Levels
FAQ
Can I live in London on $1,500/month?
Living in London on $1,500/mo is rated "Likely Insufficient". Budget allocates ~$906 to rent, $171 to groceries, $136 to dining.
Can I live in Izmir on $1,500/month?
In Izmir, $1,500/mo is rated "Comfortable". Allocations: $613 rent, $441 groceries, $206 dining.
Is London or Izmir cheaper?
Izmir is generally cheaper. COL+Rent: London 72.9 vs Izmir 20.2 (NYC=100).
What is $1,500/mo in London worth in Izmir?
$1,500/mo of purchasing power in London equals ~$416/mo in Izmir using COL adjustment.