
Understanding the cost of living in Cyprus is essential for anyone planning to relocate or retire on this Mediterranean island. While Cyprus is known for its scenic landscapes and relaxed lifestyle, the actual cost of living can vary greatly depending on where you live and how you manage your daily expenses. From housing to food, transportation to utilities, this guide provides a snapshot of what you can expect to pay in 2025.
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Housing Costs in Cyprus
Housing prices in Cyprus can differ depending on whether you’re renting or buying, and the location you choose. Cyprus is still affordable compared to major European cities, but urban centers like Limassol and Nicosia can have higher costs.
Renting a one-bedroom apartment in the city center typically costs €950 per month, with a range between €600 and €1,500. Outside the city center, rent drops to around €750 per month. Larger apartments, like a three-bedroom place in the city, cost approximately €1,739 monthly.
For buying property, you can expect to pay around €3,019 per square meter in city centers and €2,324 outside of urban areas. Cyprus provides a reasonable option for those looking to invest in property in comparison to other European countries.
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The Price of Food and Dining in Cyprus
Cypriot food prices are an attractive feature of living on the island, especially when it comes to fresh produce. If you enjoy shopping for fresh, locally-grown vegetables and fruits, you’ll find that prices are lower than in many European countries.
For example, a liter of milk costs about €1.62, a loaf of bread €1.73, and vegetables like tomatoes and potatoes range from €1.33 to €2.80 per kilogram. Imported goods like local cheese (€12.05 per kilogram) and chicken (€8.05 per kilogram) are a bit more expensive but still reasonable compared to many European markets.
Dining out in Cyprus offers a variety of choices. A meal at a budget-friendly restaurant will typically cost around €15, while a three-course meal for two at a mid-range restaurant averages €60. Fast food, like a McMeal at McDonald’s, is usually priced around €8.
Transportation Costs in Cyprus
Getting around Cyprus is relatively inexpensive. Public transport is the most cost-effective option, with a one-way ticket for local transport costing around €2. If you’re staying for a longer period, a monthly pass will cost about €50.
If you prefer driving, gasoline is priced at €1.40 per liter. A taxi ride starts at €5, with an additional charge of €1.77 per kilometer. For those considering purchasing a car, you can expect to pay about €25,450 for a Volkswagen Golf.
Utilities and Healthcare
Utility costs for an 85m² apartment in Cyprus are relatively affordable, averaging €172.93 per month, including electricity, heating, and water. Mobile phone plans with 10GB of data cost around €20 per month, and internet with a 60 Mbps connection is about €31.62.
Cyprus also offers a solid healthcare system with both public and private options. Private health insurance typically costs between €150 and €400 per month, and a visit to a private doctor ranges from €50 to €100. These rates are reasonable compared to many other European countries.
Monthly Cost of Living in Cyprus
On average, a single person living in Cyprus can expect to spend between €1,500 and €2,000 per month, covering rent, utilities, food, and transportation. A family of four will typically spend between €3,000 and €4,000, depending on lifestyle and location. Cities like Limassol and Nicosia will push you toward the higher end of this range, while smaller towns offer more affordable living options.
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Cost of Living in Cyprus Compared to Other European Countries
When comparing Cyprus with other European countries, the cost of living in Cyprus is quite competitive. While Cyprus may not be the absolute cheapest in Europe, it is certainly more affordable than major cities like London, Paris, or Zurich, especially when it comes to rent and groceries. However, imported goods like wine, luxury items, and electronics can be pricier.
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Cyprus offers an appealing balance of affordable living, beautiful surroundings, and high-quality services. With reasonable housing costs, low transportation fees, and a robust healthcare system, Cyprus is a great choice for those seeking a relaxed lifestyle in a European setting. Whether you’re considering relocating for work or retirement, the cost of living in Cyprus makes it a strong contender for those looking for great value in Europe.
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