Presently, the minimum monthly wage in Northern Cyprus is 35 180 Lira (about $1 029 at the current exchange rate). 
Why is this important to know?

This is the minimum amount that you must legally receive if you get a job in Northern Cyprus. Of course, after taxes, less will be left. Honestly speaking, the chances of finding a job in the country are also not very high.

But that's not all: the minimum wage influences on many moments of living in Northern Cyprus.

For example:

Obtaining a residence permit:
The amount in your bank account to obtain a residence permit also depends on the minimum wage.

Fines:
They are calculated as a percentage of the minimum wage. The minimum fine is 10% of the minimum wage, which is about 3 518 Lira (about 100 US dollars).

Prices for goods and services:
The consumer basket, the cost of food, rent and utilities also depend on this figure.

So, knowing the minimum wage, you can better plan your budget and navigate the financial side of living in Northern Cyprus!