SALARY IN TURKEY

Turkey is located in the southeast of Europe and southwest Asia. It borders with Georgia, Armenia, Azerbaijan and Iran in the east, Iraq and Syria in the south, and Greece and Bulgaria in the west. The state has a great history, culture and traditions, mostly comfortable climate and beautiful nature.

The population of Turkey in 2024 is about 86 million people. Unemployment is around 8–10%. The vast majority of local residents (99%) are Muslim. Over 3.2 million Turkish citizens are not officially employed, and about 32.2 million are employed. Let's find out what salaries in Turkey in 2024.

Salary in Turkey

Minimum salary in Turkey

According to official information from the Turkish Ministry of Labor and Social Security, the pre-tax minimum wage in Turkey in 2024 is 20,002.50 liras per month, the equivalent of $620. After tax deductions, an employee is left with 17,002.12 liras ($525). The rate is relevant for single employees or employees with a working spouse.

Note. The annual severance pay in Turkey (gross) is 35,058.58 lira ($1,085).

Compared to last year, the minimum wage in Turkey has doubled – from 10,008 liras in 2023, to 20,002.50 liras in 2024. And over the past five years, Turkish workers have been earning 17,444.1 liras more. That is, the minimum wage rate has more than doubled. The daily minimum wage in Turkey in 2024 is 658 liras ($20).

Average salary in Turkey

According to Turkish statistical agencies and recruitment agencies, the average wage in Turkey in 2024 is 40,000 liras per month, which at the current exchange rate is $1,235. After taxes, the net income of a Turkish worker is 27,500 liras ($850). These figures are relevant for large metropolitan areas such as Istanbul and Ankara.

Important. According to the official information of the Turkish Statistical Institute, women in Turkey on average earn 46,208 liras per year, while men earn 50,297 liras.

The highest annual average gross earnings in Turkey are recorded in the "Information and communication" economic activity sector at 100,467 liras. This is followed by the "Finance and insurance activities" sector at 95,314 liras. The lowest average annual gross income was achieved in the "Accommodation and catering services" sector at 35,172 liras, and in the "Administrative and auxiliary services" sector at 38,080 liras.

The average annual disposable household income in Turkey in 2024 is 167,983 lira, an increase of 70.7% over the previous year. Wages occupy the highest share of total income – 46.2%. The most attractive Turkish cities for professional activities are Istanbul, Ankara and Izmir.

In conclusion, we note that the income tax rate in Turkey varies from 15 to 40%. At a maximum rate of 40% is taxed on annual income over 3,000,000 liras, and at a minimum rate of 15% annual income up to 110,000 liras.

Comments  

# Hidayat Ali Khan 2023-05-12 06:27
Over 27 years of experience in Oil and Gas & Power
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