Hangzhou vs Izmir
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Hangzhou vs Izmir
Izmir is 69% more affordable for homebuyers. Hangzhou has a price-to-income ratio of 14.5x compared to 7.2x in Izmir.
| Metric | Hangzhou | Izmir |
|---|---|---|
| Avg Home Price | $350,000 | $110,000 |
| Price / sqm | $5,800 | $1,800 |
| Rent (1BR) | $750/mo | $400/mo |
| Rent (3BR) | $1,300/mo | $700/mo |
| Price-to-Income | 14.5x | 7.2x |
| Mortgage Rate | 4.2% | 42.0% |
| 1yr Change | -3.2% | +30.0% |
| Median Income | $24,000/yr | $15,000/yr |
| Population | 12,200,000 | 4,400,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Hangzhou or Izmir more expensive?
Izmir is more affordable. Home prices differ by $240,000 (69%).
Which city has cheaper rent, Hangzhou or Izmir?
Rent for a 1BR in Hangzhou is $750/mo vs $400/mo in Izmir.
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