Prices in Cyprus vary depending on the item or service. However, in general, prices tend to be slightly higher than the European average.
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Cyprus is a popular destination for tourists due to its beautiful beaches, rich history, and vibrant culture. However, visitors and residents alike often wonder about the cost of living in this Mediterranean island nation.
Overall, the cost of living in Cyprus is slightly higher than the European average. Prices for goods and services can vary depending on the location and time of year, but generally, expect to pay a bit more than you would in other European countries.
According to Numbeo, a crowd-sourced database of consumer prices, the average cost of living in Cyprus is about 9.7% higher than in Spain, for example. Some areas of the country are more expensive than others, with cosmopolitan areas like Limassol and Nicosia being pricier than smaller towns and villages.
Here are a few examples of the cost of goods and services in Cyprus:
- Meal for two at a mid-range restaurant: €40-€60
- One-way public transportation ticket: €1.50
- Monthly gym membership: €50-€70
- 1 liter of milk: €1-€1.50
- 1 loaf of bread: €0.70-€1.50
- 1 kg of chicken breast: €6-€8
- 1 liter of gasoline: €1.30-€1.50
In addition to these daily expenses, it’s worth noting that Cyprus has a higher cost of accommodation compared to many European countries. According to the Global Property Guide, the average price per square meter to buy an apartment in Cyprus is €2,500, which is higher than in Spain or Portugal.
As for a famous quote on the subject, financial expert Dave Ramsey once said, “You must gain control over your money or the lack of it will forever control you.” This advice rings true in any country, including Cyprus.
To help illustrate the cost of living in Cyprus, here is a table comparing the price of various goods and services in Cyprus to those in Spain:
| Item | Cyprus | Spain |
|---|---|---|
| Meal at mid-range restaurant for two | €40-€60 | €30-€50 |
| 1 liter of milk | €1-€1.50 | €0.70-€1 |
| 1 loaf of bread | €0.70-€1.50 | €0.60-€1 |
| Monthly gym membership | €50-€70 | €30-€50 |
| 1 bedroom apartment in city center | €500-€900/month | €600-€1,000/month |
Overall, while Cyprus may be slightly more expensive than other European countries, the beautiful scenery and bountiful culture make it a worthwhile place to visit or call home.
Answer to your inquiry in video form
The YouTube video titled “How Expensive is Traveling in CYPRUS? It’s Cheap!” showcases Cyprus as a budget-friendly travel destination. The YouTuber explores different parts of the island, including their hotel room, traditional Cypriot food, tourist areas, convenience stores, and car rentals, all of which are affordable. They also enjoy a set menu deal for a three-course meal by the water for only 13.95 euros. The video presents Cyprus as an affordable travel option, making it an attractive destination for budget-conscious travelers.
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Summary of cost of living in Cyprus:
- A family of four estimated monthly costs are 3,107.1$ (2,840.6€) without rent.
- A single person estimated monthly costs are 891.0$ (814.6€) without rent.
- Cost of living in Cyprus is, on average, 20.8% lower than in United States.
- Rent in Cyprus is, on average, 39.1% lower than in United States.
Select city in Cyprus: A family of four estimated monthly costs are 3,053.7$ (2,830.3€) without rent. A single person estimated monthly costs are 875.5$ (811.4€) without rent. Cost of living in Cyprus is, on average, 22.0% lower than in United States. Rent in Cyprus is, on average, 39.7% lower than in United States.
We recommend Kayak because they can find the best deals across all car rental companies. While meal prices in Cyprus can vary, the average cost of food in Cyprus is €33 per day. Based on the spending habits of previous travelers, when dining out an average meal in Cyprus should cost around €13 per person.
Most beaches in Cyprus are completely free to visit and the only place where you will be required to pay anything is if you wish to hire a sun lounge or umbrella for the day — and even this should only cost around €5.
Luckily, Cyprus is a pretty small country and you aren’t likely going to be driving incredibly long distances during your holiday meaning you won’t need to fill up your tank all that often. When you do, fuel prices in Cyprus cost about €1.40 per litre.
You should plan to spend around €103 ($114) per day on your vacation in Cyprus, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, €42 ($46) on meals for one day and €12 ($14) on local transportation. Also, the average hotel price in Cyprus for a couple is €95 ($105).