USA or Turkey: Which is a Better Immigration Destination?

In recent years, both Turkey and the United States of America have become focal points for many individuals planning to immigrate. Regardless of budget or expertise, many people wish to live in these countries, but they often hesitate in choosing the best destination suitable for their current circumstances and immigration goals. If you are also facing this question, continue reading this article with us.

Before a comprehensive comparison of these two countries, it is essential to evaluate the global economic situation at the time of deciding to immigrate. Understanding the economic conditions of the destination country is of paramount importance. After economic analyses, we must examine our personal circumstances in terms of initial capital, professional expertise, education, and lifestyle to determine which country is more suitable for us to live in, or, in simpler terms, where we can live more comfortably and better.

Please note that the circumstances of individuals and families differ, and a single prescription cannot be applied to everyone. Therefore, the explanations provided in this article are general in nature, and you should compare them with your own situation. Also, to make the best immigration decision, it is recommended to seek specialized and professional advice.

Comparison of Housing Prices in USA and Turkey

To begin, let’s compare property prices in these two countries. Generally, house prices in luxurious areas of the USA, such as New York and Los Angeles, are almost comparable to property prices in upscale areas of Turkey, especially Istanbul. Also, housing prices in average and cheaper neighborhoods in Turkey are almost similar to property prices in comparable neighborhoods in various states of the USA. Overall, it can be said that property prices in Turkey and the USA are almost at the same level.

Daily Living Costs

Regarding daily living costs, there isn’t much difference between the two countries, and these costs are almost equal. Since most reputable global brands are present in Turkey and the quality of goods, food, healthcare, educational, and welfare services is at the same level as in the USA, living costs in both countries are close to each other.

USA or Turkey: Which One Should I Choose for Immigration?

Given the approximate equality of housing prices and living costs in both countries, you might be wondering which one is more suitable for immigration. We will answer this question below:

Economic Situation of the USA

US securities, which are essentially the debts of the US government, are the starting point for forecasting the global economic situation. The USA sells its securities internationally. The importance of these securities is due to the fact that since 1931, the dollar has been chosen as the global intermediary currency, and all international transactions are conducted with this currency.

The total amount of global securities is approximately 130 trillion dollars, and the USA’s share of this figure is about 53 trillion dollars. Of this amount, about 26 trillion dollars belongs to the US government or the Federal Reserve. Currently, the US government pays 3.6% interest to its bondholders. Considering the USA’s share of these securities and the interest paid to holders (equivalent to 2.2 trillion dollars), the net profit of companies is only 2.8 trillion dollars.

Simply put, corporate income, taxes, and total revenues from economic activities in the USA are primarily spent on paying interest to government bondholders. Therefore, if you work as an ordinary individual in the USA, a significant portion of your income will go towards taxes and expenses that the government allocates for interest payments on bonds. Hence, with ordinary incomes, one should not expect significant growth and progress.

Return on Investment Rate

The return on investment rate in the USA is approximately 30 years, while this rate in Turkey is estimated to be between 12 and 13 years. The return on investment rate is crucial for individuals who intend to start a business. Therefore, if you plan to invest or start a business in these countries, knowing the time it takes for your investment to return is of particular importance.

Active Real Estate Market in Turkey

Turkey is one of the most important tourism centers in the world and in recent years has attracted significant attention from major American, European, Canadian, and other investors for construction and real estate projects. Prominent investors from around the world come to this country and invest in various real estate projects. The number of properties sold in a month in a city like Istanbul is equal to the total real estate sales in the USA in a year. This is a critically important point that proves the dynamism of the Turkish real estate market.

A simple example: the return on investment and profit you gain from investing and buying property in Istanbul, depending on the location of your property relative to important economic, tourist, and strategic areas of the city, will be much faster and greater than a property purchased in one of the US states. This is due to the more dynamic and active real estate market in Turkey compared to the USA. Turkey is a country where if you buy a house based on the advice of a professional real estate team, you will quickly make a profit and can also easily liquidate it.

Economic Inflation Rate

The target inflation rate is 2%, but currently the inflation rate in the USA is 3%, and the government is doing its best to reduce this figure, even if it comes at the cost of major reputable companies going bankrupt. The USA will do whatever it takes to maintain its position as the leading country in the world and the credibility of the dollar as the most reputable global intermediary currency. Therefore, if you intend to immigrate to this country with a significant amount of capital, you should consider this point.

However, for individuals who intend to immigrate for higher education and employment, the situation is different. These individuals enter the USA with their skills and knowledge, and naturally, this country will be a better destination than Turkey. But the entry process to the USA is not as easy as Turkey and has difficult and complex conditions. Turkey is very similar to Iran in terms of distance and culture, and traveling to it is very easy. Whereas to travel to the USA, you must have a Schengen visa and the necessary conditions for entry to that country.

Turkish Passport

One of the biggest advantages of immigrating to Turkey is the country’s easy conditions for granting citizenship. You can apply for a Turkish passport by purchasing a property worth at least 400,000 dollars, and within less than 6 months, you can obtain passports for yourself and your family members (spouse and children under 18). This is completely different from the USA. Even if you immigrate to the USA with significant capital, you can only obtain US citizenship after 5 years.

Ultimately, the choice of either of these destinations depends on your specific circumstances. However, if your primary goal is investment, we suggest immigrating to Turkey. The government of this country has provided a suitable environment and favorable conditions for foreign investors. For more information, you can get free consultation from our experts. Do you have any other questions about immigrating to these countries? Write to us in the comments section.