1.3M in Istanbul go to bed hungry amid economic hardship
Skyscrapers are seen in the business and financial district of Levent, which comprises leading banks' and companies' headquarters, Istanbul, Türkiye, March 29, 2019. (Reuters Photo)
Bugra Gokce, head of Istanbul Planning Agency (IPA), has expressed alarm over the mounting economic hardships confronting Istanbul’s inhabitants.
In an interview with Turkish daily Cumhuriyet, Gokce disclosed that a staggering 6.5% of Istanbul’s population, equating to roughly 1.3 million individuals, are enduring the plight of going to bed on an empty stomach. This stark statistic underscores the escalating economic difficulties plaguing Türkiye’s largest metropolis.
Economic concerns dominate conversations in Istanbul
Gokce emphasized that economic concerns are the most significant issue for Istanbulites, both at home and in public discussions.
“There is a significant strain on household economies,” Gokce said, highlighting that the cost of living for a family of four in Istanbul has risen to ₺66,550 ($1954.46), with the average rent reaching ₺19,000.
Despite the minimum wage being ₺17,000, many residents are reported as being unable to move to safer, higher-quality housing due to financial constraints.
Rising living costs and housing affordability issues
The cost of living in Istanbul has seen a significant increase, with the average cost of renting a new home now at ₺96,424, compared to ₺63,388 last year. Gokce expressed concern about the lack of affordable and safe housing, noting that many residents feel compelled to remain in their current homes despite potential risks.
According to Gokce, many Istanbul residents are uncertain about the future of Türkiye’s economy. A recent survey conducted by IPA in August showed that 48.9% of respondents believe the economy may worsen, while 31.6% think it will remain unchanged.
Gokce also noted that economic inequality is a growing concern, with 40.3% of the population facing difficulties in meeting basic needs, and 33.6% managing only to pay the minimum on their credit card bills.
Migration patterns reflect economic pressures
The high cost of living and concerns over potential earthquakes have led some Istanbul residents to relocate, according to the Gokce. In 2023, 581,000 people moved out of Istanbul, while 412,000 moved in, including 46,000 from areas affected by earthquakes.
Gokce also pointed out that Istanbul’s population is closer to 20 million when accounting for undocumented residents and foreigners, adding pressure to the Istanbul’s infrastructure.
