Cost of living and prices in Mykonos, prices of food, rent, shopping, etc. 🇬🇷
Updated Jul 2023

Mykonos is a vibrant city situated in the Southern Europe region of Greece. This stunning location has a population of 3783 residents and is located at an elevation of 459 meters above sea level. It is located at a latitude of 37.44674 and a longitude of 25.32888.

Mykonos offers a luxurious lifestyle with entertainment options like bars, restaurants, beaches, and designer stores. Despite being a luxurious location, Mykonos offers affordable cost of living options that make it a popular destination for expats and tourists. With the Euro as the primary currency, affordable accommodations, transportation, and entertainment options make this paradise easily accessible. There's no shortage of things to do on this isle of paradise, from elegant dining to great entertainment.

Those who choose to make Mykonos their home or visit for an extended period will discover that it is an unmatched option for discovering a unique lifestyle. It is a welcoming community, and the locals are friendly and service-oriented. It is easy to fall in love with the city and make it your new home. If you're looking for a luxurious lifestyle without paying top dollar, Mykonos is the place to be.

Cost of Living Estimate in Mykonos

Total cost of living in Mykonos for two person with average consumption for one month will be 1749.62 USD, no rent price included. Click here to calculate cost-of-living estimate in Mykonos

You can calculate cost of living in Mykonos by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

For foodies, Mykonos is a paradise that offers a wide variety of restaurants and eating options. There are plenty of traditional Greek tavernas and restaurants that serve fresh seafood, grilled meat, homemade salads, and tasty meze plates. For those who crave international cuisine, the island also boasts some of the world's most famous restaurants and chefs, serving sushi, Italian, French, Lebanese, and fusion dishes. Whether you want to enjoy a romantic dinner on the beach, have a rooftop drink overlooking the town, or savor a family-style feast in a cozy taverna, you'll find something to satisfy your appetite in Mykonos.

One of the best things about the food scene in Mykonos is that you can enjoy authentic Greek cuisine and local specialties almost everywhere you go. From street food stalls and beachside cafes to upscale eateries and fine dining restaurants, you'll find dishes that are bursting with flavor and freshness. Some must-try dishes include moussaka, pastitsio, souvlaki, feta cheese, grilled octopus, saganaki, tzatziki, and loukoumades. And if you're a sweet tooth, you'll love the local desserts like baklava, galaktoboureko, kataifi, and loukoumia. No matter what type of food you're in the mood for, Mykonos has it all, and more.

Meal in Inexpensive Restaurant
20.02 $
Meal for 2 People, Mid-range Restaurant, Three-course
98.26 $
McMeal at McDonalds or Alternative Combo Meal
10.92 $
Domestic Beer, 0.5 liter Draught
7.28 $
Imported Beer, 0.33 liter Bottle
8.49 $
Cappuccino
4.55 $
Coca-Cola, 0.33 liter Bottle
4.25 $

Markets prices

Mykonos, Greece is known for its luxurious lifestyle, and that includes its market prices. Visitors should expect to pay a premium for everything, from food to souvenirs. However, the prices are justified by the island's picturesque landscape and top-notch service.

The market prices in Mykonos are also influenced by the island's cosmopolitan atmosphere. It is a popular destination for celebrities and influencers, which drives up the cost of goods and services. That being said, visitors can still find affordable options if they know where to look, such as local markets and off-the-beaten-path eateries.

Water, 0.33 liter Bottle
1.52 $
Milk, Regular,1 liter
1.29 $
Loaf of Fresh White Bread, 0.5 kg
1.43 $
White Rice, 1 kg
2.73 $
Eggs, 12 pack
5.76 $
Local Cheese, 1 kg
29.11 $
Chicken Breasts, Boneless and Skinless, 1 kg
9.70 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
10.92 $
Apples, 1 kg
3.60 $
Banana, 1 kg
2.77 $
Oranges, 1 kg
2.73 $
Tomato, 1 kg
2.43 $
Potato, 1 kg
1.46 $
Onion, 1 kg
1.52 $
Lettuce, 1 head
0.73 $
Water, 1.5 liter Bottle
1.39 $
Bottle of Wine, Mid-Range Price
9.10 $
Domestic Beer, 0.5 liter Bottle
2.43 $
Imported Beer, 0.33 liter Bottle
1.09 $
Pack of Cigarettes
5.40 $

Transportation prices

Mykonos, Greece is quite small and easy to navigate, which means transportation options are limited to a few choices. One of the most popular modes of transportation is by renting an ATV or scooter. Many tourists opt for these options because they offer flexibility and the chance to explore the island at their own pace. Keep in mind, however, that renting an ATV or scooter can be quite costly. Additionally, taxi services are available but can be expensive due to high demand. It's important to note that Mykonos also has a reliable bus system that serves many popular tourist areas, and for those looking for a more unique experience, hiring a boat or yacht is an option.

If you prefer to walk or cycle, Mykonos is the perfect destination for you. The island is relatively small, with many attractions and beaches within walking or cycling distance. Walking allows you to take in the picturesque scenery and charming architecture, while biking is a fun and eco-friendly mode of transportation that is fast and convenient. Mykonos also has many small streets and alleyways that can be difficult to navigate by car, making walking or cycling a better option. No matter what transportation option you choose, be sure to wear comfortable shoes and dress appropriately for the weather and activities you have planned.

One-way Ticket, Local Transport
2.18 $
Taxi Start, Normal Tariff
8.49 $
Gasoline, 1 liter
2.23 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
20,621.68 $

Utilities Per Month prices

When traveling to Mykonos, one important aspect to consider is the cost of utilities. The coastal town is known for its luxurious lifestyle, which can also reflect on its utilities cost. The cost of electricity, gas, and water can be higher compared to other destinations. However, there are several factors that can affect the utility costs, such as the type of accommodation and the season of the year. Nevertheless, visitors can manage their expenses by being mindful of their usage and opting for eco-friendly options.

Another factor to consider when it comes to utilities cost in Mykonos is the presence of tourist taxes and fees. These additional costs are common in many European destinations, and Mykonos is no exception. The taxes and fees can vary depending on the type of accommodation and the length of stay. Visitors should be aware of these additional expenses and plan accordingly. Overall, while the utilities cost in Mykonos may be higher compared to other destinations, there are ways to keep them under control without sacrificing the enjoyment of the trip.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
124.51 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.55 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
42.46 $

Sports And Leisure prices

Mykonos is a popular tourist destination known for its stunning beaches and nightlife, but it also offers an array of sports and leisure activities. The crystal-clear waters surrounding the island are perfect for swimming, snorkeling, and scuba diving. Jet skiing and parasailing are also great options for those seeking a more adventurous water experience. You can also take a day trip for fishing or sunset sailing to experience the beautiful blue sea.

Land-based activities in Mykonos include hiking, cycling, and exploring the island's ancient history. There are numerous hiking trails that wind through the rugged terrain, providing visitors with stunning views of the island's natural beauty. Cycling is also a popular pastime, and many rental shops offer electric bikes for those who want to explore the island's many sights at their own pace. You can also explore the island's rich history by visiting the archaeological sites such as the famous Mykonian Windmills and the Church of Panagia Paraportiani. With so many options, there is something for everyone in Mykonos.

Fitness Club, Monthly Fee for 1 Adult
88.95 $
Tennis Court Rent, 1 Hour on Weekend
36.39 $

Salaries And Financing prices

If you are planning to work while enjoying a break on the stunning island of Mykonos, Greece, then you will be pleased to learn that the salary in this region is relatively high compared to other parts of the country. Mykonos is a popular tourist destination with a booming hospitality industry, which offers good paying jobs, especially during the high season. Many businesses also offer performance bonuses and other incentives to their employees, making the income even more attractive. However, it's essential to remember that the cost of living in Mykonos can be higher than in other parts of Greece, so it's advisable to budget and negotiate salaries accordingly.

One of the significant advantages of owning a property in Mykonos is the option of using it as a vacation home and renting it out to tourists. The tourism industry in Mykonos is growing, with visitors from all over the globe flocking to its shimmering coastline every year. The rental income that can be generated from properties in Mykonos is high, making it an excellent investment for prospective property buyers. It's worth noting that securing financing for property purchase can be difficult for non-EU citizens, and therefore it's advisable to seek professional advice before investing in Mykonos property market.

Cinema ticket, 1 Seat
10.92 $
Average Monthly Net Salary, After Tax
1,435.43 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
5.4 %

Childcare prices

Childcare prices in Mykonos can be quite expensive for parents. There are many schools and kindergartens available, but the cost can be a significant financial burden. However, the quality of education and care provided in these institutions is generally of a high standard, making it a worthwhile investment for families.

The cost of childcare may vary depending on the location and type of institution. Some schools and kindergartens may be more expensive than others, so it's important for parents to do their research and compare prices before making a decision. Despite the high costs, many parents choose to enroll their children in these institutions as they provide a safe and stimulating environment for children to learn and grow. Additionally, the staff are qualified and experienced in caring for children, ensuring that parents can leave their children in good hands while they are away.

Private Preschool or Kindergarten, Monthly for 1 Child
454.89 $

Clothing And Shoes prices

Mykonos, Greece is known for its high-end boutique shops and designer clothing stores. Visitors to the island can expect to see a variety of stylish and fashionable clothing options, with prices ranging from affordable to expensive. Whether you are looking for beachwear, evening wear, or casual outfits, Mykonos is sure to have a store that fits your style and budget. The island is also home to luxury shoe shops that offer a wide selection of high-quality footwear, from sandals to sneakers. No matter what type of clothing or shoes you are looking for, Mykonos has plenty of options to choose from.

In addition to designer boutiques, Mykonos also has several traditional markets and souvenir shops that sell a variety of clothing and footwear items. These markets offer unique and authentic Greek clothing and shoe options at a more affordable price point. Visitors can find everything from handmade leather sandals to embroidered shirts and dresses. Many souvenir shops also sell traditional Greek clothing, including hand-woven scarves and shawls. For those looking for a budget-friendly shopping experience, these markets and souvenir shops are a great option to explore while on the island.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
153.66 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
48.52 $
Pair of Running Shoes, Mid-Range Price
107.15 $
Pair of Leather Business Shoes
283.04 $

Rent Per Month prices

Mykonos is a popular destination for tourists from around the world and boasts a wide range of accommodation options to suit every traveler's needs and budget. Short-term rentals are a popular choice with visitors, and Mykonos offers a great selection of apartments, villas, studios, and houses available for rent at affordable prices. The island is an ideal destination for travelers who are looking for a comfortable and convenient base from which to explore the local attractions and soak up the vibrant atmosphere of the island.

If you're looking for a more luxurious and exclusive stay, you'll find plenty of high-end options available to you in Mykonos. The island is home to an array of 5-star hotels, resorts, and luxurious villas, all offering unparalleled comfort, exceptional service, and breathtaking views of the Aegean Sea. Whether you're traveling with family, friends, or on your own, the range of accommodation options in Mykonos means there's something for everyone. So why not book your short-term rental in Mykonos today and enjoy the island's unique blend of culture, natural beauty, and hospitality?

One bedroom apartment in city centre
990.65 $
One bedroom apartment outside of city centre
788.48 $
Three bedroom apartment in city centre
2,102.60 $
Three bedroom apartment outside of city centre
1,698.26 $

Buy Apartment prices

Mykonos, Greece is an idyllic paradise for real estate buyers looking for stunning views, beautiful beaches, and a luxurious lifestyle. The island offers a range of properties, from spacious villas and apartments to historic stone houses and elegant townhouses. Real estate buyers can also find properties with stunning ocean views or nestled in quiet, picturesque neighborhoods. The island's real estate market offers excellent investment opportunities for those looking to purchase real estate in a growing, dynamic market.

Real estate prices in Mykonos range from affordable to extravagant, depending on the location and type of property. Buyers can find properties starting at a reasonable price point, while luxurious villas with pools and breathtaking views come with a higher price tag. Despite the range of prices, Mykonos remains an attractive option for real estate buyers since it is one of Greece's most popular travel destinations. Additionally, the island's thriving tourism industry and growing economy make it an excellent place to invest in real estate for those who value high-end living and potential financial gains.

Price per m2 to Buy Apartment in City Center
6,065.20 $
Price per m2 to Buy Apartment Outside of City Center
4,852.16 $