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Housing and transportation eat up biggest chunk of Turkish household budgets
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According to the 2023 Household Budget Survey, housing and rent claimed the largest share of household expenditures at 23.9%, followed closely by transportation at 21.9%.  Food and non-alcoholic beverages came in third at 20.6%.

Conversely, spending on insurance and financial services, education, and recreation/sports/culture was minimal, accounting for only 0.8%, 1.0%, and 1.9% respectively.

TÜİK's data goes beyond national averages, highlighting how spending patterns differ based on income source.  Wage-earning households allocate slightly more towards transportation (22.8%) compared to housing (22.2%), while those with entrepreneurial income prioritize transport even more (27.3%) with housing following at 19.7%.  Food spending remains similar across both income groups (around 19%).

The survey also explores the impact of income levels on spending.  Low-income households (first quintile) dedicate a significantly higher portion of their budget to food (36.6%) compared to wealthier households (fifth quintile) at 14.5%.  The trend reverses for transportation spending, with high-income households allocating nearly triple the amount (28.3%) compared to low-income families (8.8%).

Household size plays a role as well.  One-person households spend a larger share on housing (31.8%) compared to larger families (7 or more members) who dedicate more towards food (30.2%).

TÜİK's data provides valuable insights into spending habits across various demographics in Türkiye. The information can be used by policymakers, businesses, and individuals to make informed decisions. (ILKHA)



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