Cost of living and prices in Cyprus, prices of food, rent, shopping, etc 🇨🇾 Updated Jul 2023
Welcome to Cyprus, a beautiful country located in Southern Europe. Bordered by the United Kingdom, Cyprus is a stunning island that covers an area of 9,250 square kilometres. With a population of 1,102,677 and a population density of 119.21 people per square kilometre, Cyprus is a wonderful place to call home. Officially speaking, the languages spoken in Cyprus are Greek (modern), Turkish, Armenian. In terms of the economy, Cyprus has a GDP of $21,780,000,000 with a GDP per capita of $19752. The official currency here is the Euro, and the country's top-level domains are .cy. If you're considering a move to Cyprus, there are several factors to consider, including the cost of living and quality of life. One of the best things about living in Cyprus is the relatively low cost of living compared to other countries in Europe. Housing and utilities tend to be quite affordable, and food costs are also relatively low. Plus, you'll get to enjoy all the perks of living in a beautiful Mediterranean country, including stunning beaches, rich history and culture, and a vibrant local community. Overall, Cyprus is a great place to live, work, and raise a family.
Cost of Living Estimate in Cyprus
You can calculate cost of living in Cyprus by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
When traveling to Cyprus, one can expect a wide range of dining options. The island offers several traditional Greek Cypriot restaurants serving classic dishes such as kleftiko, souvlaki, and moussaka. Seafood restaurants are also quite popular, with fresh catch being served up daily. Visitors can also find international cuisine, such as Italian and Asian, in many parts of the island. It's worth noting that many restaurants offer outdoor dining options to take advantage of the island's warm weather, making for a delightful dining experience.
Cyprus is also known for its meze-style dining, which is a traditional way of serving a wide variety of small dishes that are meant to be shared. It's a great way for visitors to try a little bit of everything and get a taste of different local flavors. Meze can be found in both traditional Greek Cypriot restaurants as well as modern establishments. Additionally, street food is quite popular in Cyprus, with vendors selling koupes (a tasty meat-filled pastry), souvlaki wraps, and other local treats. Whether it's a fancy dinner or a quick bite, there's something for every taste and budget in Cyprus.
Market prices in Cyprus tend to be on the higher side, particularly for fresh produce and imported goods. This is partly due to the country's location and limited resources, resulting in a heavy reliance on imports. It's also worth noting that the cost of living in Cyprus is generally higher than in other European countries, meaning that prices for everyday goods and services may seem steep compared to what you're used to.
Despite this, there are still plenty of bargains to be found if you know where to look. Local markets and smaller shops often have better deals and more competitive prices than larger chain stores. Additionally, Cyprus is known for its high-quality wine and olive oil, which can be purchased at very reasonable prices. Overall, while the cost of living in Cyprus may be higher than elsewhere, it's still possible to live well and save money by shopping smart and seeking out the best deals.
Cyprus has various transportation options to choose from. For those who want to explore the island at their own leisure, renting a car is a great option as it gives you the freedom to travel wherever and whenever you want. The island has many car rental companies and the process of renting a car is straightforward. However, public transportation is also available with buses being the most popular choice. The buses run frequently and connect major cities together. Another convenient option is hiring a taxi. Although a bit pricier than the other options, it is a great way to get around if you are traveling in a group or want to make a quick trip to a destination without worrying about driving and parking.
For those who prefer a more unique experience, hiring a bike or scooter is a great option. Cyprus has many bike and scooter rental shops and it is a great way to explore the countryside and coastline at a slower pace. Furthermore, Cyprus also offers a charming way to travel, which is with donkeys. Although not a common mode of transport anymore, it is still possible to ride a donkey in certain villages, which can be a great way to take a step back in time and experience the traditional way of traveling on the island.
Utilities Per Month prices
When traveling to Cyprus, it is important to keep in mind the cost of utilities such as electricity, water, and gas. These expenses can vary depending on the time of year and location, as peak tourist season tends to drive up prices. It is a good idea to do some research on the utility costs in the areas you plan to visit to avoid any surprise bills. Additionally, it is worth noting that some accommodations may have these expenses included in the overall cost, so be sure to inquire about this when booking your stay.
Another factor to consider when it comes to utilities in Cyprus is the island's reliance on solar power. Due to its location and warm climate, Cyprus has a high potential for solar energy. As a result, many homes and businesses have invested in solar panels to reduce their reliance on traditional utility providers. This means that if you opt for an accommodation with solar power, your utility costs may be significantly lower than those staying at a more conventional property. Not only is this a more environmentally friendly option, but it could also save you some money during your travels in Cyprus.
Sports And Leisure prices
When it comes to sports and leisure activities, Cyprus has an abundance of options to appeal to all tastes and preferences. From adventure sports like diving, windsurfing, and parasailing, to more laid-back pursuits like golfing and fishing, there is never a shortage of things to do on this beautiful island.
If you're interested in exploring the great outdoors, the island's stunning mountain ranges offer plenty of opportunities for hiking and trekking. Or, if you're more of a culture buff, you can spend your days exploring ancient ruins and historical landmarks. In addition to all of these activities, Cyprus is also home to many luxurious spas and wellness centers, perfect for those who want to unwind and relax in style.
Salaries And Financing prices
Salaries in Cyprus are generally lower compared to other EU countries. The average monthly salary in Cyprus is around the same level as in Greece and is lower than in countries like Germany or France. However, the cost of living is lower in Cyprus than in many other EU countries, which means that people can enjoy a good quality of life without having to spend as much as they would elsewhere. In general, people working in the finance, IT, and tourism sectors tend to earn more than those in other industries.
Financing in Cyprus has been improving since the country experienced a financial crisis in 2013. The government has implemented measures to strengthen the banking system and encourage foreign investment in the country. Today, Cyprus is considered a well-regulated and safe financial center, with a skilled workforce and modern infrastructure. As a result, more and more companies, especially in the fintech sector, are choosing to establish their operations in Cyprus. Overall, financing in Cyprus is expected to continue to grow, which bodes well for the country's economic future.
Childcare prices in Cyprus vary depending on the type of facility and the age of the child. For schools, the fees may be higher for older children and are usually billed on an annual basis. Kindergartens may offer more flexible options, such as half-day or full-day programs, and may charge by the week or month. Additionally, some facilities offer discounts for siblings or if the fees are paid in advance.
When considering childcare options in Cyprus, it’s important to note that the quality of care may also vary. Some schools and kindergartens may have stricter entrance requirements or accreditation from international organizations, which may increase their fees. Other facilities may offer more affordable options, but may not have the same level of resources and support for the child. Ultimately, parents should consider their budget as well as the quality of care when selecting a childcare facility for their child.
Clothing And Shoes prices
Cyprus is a great location for shopping for clothes and shoes, with a wide variety of options available depending on your budget and personal style. From designer stores to local markets, the island has something for everyone. You can find many international brands in upscale shopping malls and department stores, with prices varying depending on the item and brand. You'll also find many locally produced clothes and shoes, made from high-quality materials which can be a great option for those looking to support local businesses while shopping.
If you're looking for more affordable options, there are many street markets and bazaars spread throughout the island where you can find great deals on clothing and shoes. These markets are often located in popular tourist destinations and offer a variety of items, from handmade clothing to knock-off designer brands. Additionally, many larger supermarkets have clothing sections, offering more budget-friendly options for those who don't want to spend a lot on clothing and shoes. No matter your budget or style, you're sure to find something you love while shopping for clothing and shoes in Cyprus.
Rent Per Month prices
If you're planning a trip to Cyprus and are looking for a short term accommodation, you're in luck! Cyprus offers a wide range of options for you to choose from. Whether you're looking for a luxurious villa, a cozy apartment or a budget-friendly hostel, you're bound to find something that fits your needs. Short term rentals are available throughout the island, from popular tourist destinations to more secluded spots.
There are various stay options available in Cyprus depending on your budget and needs. If you're traveling solo, a hostel or a shared Airbnb might be the way to go. Families or groups of friends might opt for a villa or an apartment with multiple bedrooms and more amenities. Some rentals come with a private pool, a beautiful garden, or a stunning sea view. No matter what your preferences are, there's something for everyone in Cyprus, making your stay on the island enjoyable and memorable!
Buy Apartment prices
When it comes to buying real estate in Cyprus, there are several options available to potential buyers. One popular choice is newly-built apartments or villas, which offer modern amenities and design. Another option is traditional houses or cottages, which can often be found at more affordable prices compared to newer properties. Additionally, there are properties available for renovation, which can be a great option for those looking for a project and a chance to put their own stamp on a property.
The prices of real estate in Cyprus vary depending on various factors, such as the location, property type, and condition. The cost of living and the popularity of the area can also have an impact on property prices. Generally, properties in urban areas and popular tourist destinations tend to be more expensive, while those in quieter, less crowded locations can be more affordable. Overall, real estate prices in Cyprus may be higher compared to other European countries but are still relatively affordable when compared to other nearby Mediterranean countries.