Istanbul ranks 79 in terms of cost of living, according to the 2012 Mercer Cost of Living Study, which analyzed 214 global cities on five continents. Turkey dropped nine notches from last year becoming a cheaper city to live in.
Tokyo was listed as the most expensive city in the world in terms of cost of living with Luanda Angola in second. The report also noted that European cities became cheaper this year compared to the year before.
Read more on Hurriyet Daily News: Istanbul Ranks at 79th Spot in Cost of Living