Average annual income per household reaches 26,577 TL

Turkish statistical authority TurkStat has released income and living conditions survey of 2012, computing the average annual disposal income of households in Turkey. Accordingly, the average annual disposable income per household is 26,577 TL, whereas average annual equivalent household disposable income is 11,859 TL. By the regions; Istanbul has the highest average annual equivalent household disposable income with 16,126 TL. This is followed by western Anatolia with 14,160 TL. Southeastern Anatolia has the lowest average income with 5,870 TL. Wages and salaries have the highest proportion of total household income with 46.5% of total income, which is followed by the entrepreneurial incomes with 20.4% and social transfers with 20%, according to the survey. TurkStat's survey also said that 16.3% of total population is at-risk-of-poverty according to poverty threshold calculated by 50% of equivalent household disposable median income. While this rate is 13.8% for urban areas, it is 16.3% for rural areas by using poverty thresholds calculated separately for urban and rural areas. (1 USD =1.97 TL)