Living in Cyprus can be considered relatively expensive when compared to some countries, but it is still more affordable than other European destinations.
So let us investigate the query more attentively
Living in Cyprus can indeed be considered relatively expensive when compared to some countries, but it is still more affordable than other European destinations. According to data from Numbeo, the cost of living in Cyprus is about 20% higher than in Spain, but about 30% lower than in the UK. Of course, the cost of living can vary depending on the area, lifestyle, and individual preferences.
In terms of accommodation, the cost of renting an apartment in Cyprus can range from around 400 to 1,500 euros per month, depending on the location and size. The price of groceries is generally reasonable, but imported items may be more expensive. Eating out can be relatively affordable, with a meal at a mid-range restaurant costing around 15 euros.
Transportation costs in Cyprus can also be considered reasonable, with a one-way ticket for local transport costing around 1.50 euros. However, owning a car can be more expensive due to the cost of petrol and insurance.
According to The Telegraph, “Cyprus is cheaper than many of its Mediterranean neighbours, particularly if you venture to lesser-known towns and villages.” This is indeed true, as living in smaller communities away from the tourist hotspots can be more affordable.
Interesting facts about Cyprus:
- Cyprus is the third largest island in the Mediterranean Sea.
- The island has a rich history, with influences from Greek, Turkish, Roman, and Byzantine cultures.
- Cyprus is home to three UNESCO World Heritage Sites: the Choirokoitia archaeological site, the painted churches in the Troodos region, and Paphos, an ancient city that was once the capital of Cyprus.
- Halloumi cheese, which is popular in Cyprus and the UK, is actually a protected product with a specific designation of origin (PDO) from the European Union.
- The official languages of Cyprus are Greek and Turkish.
Table: Cost of Living Comparison between Cyprus, Spain, and UK (Source: Numbeo)
| Item | Cyprus | Spain | UK |
|---|---|---|---|
| Meal at a restaurant (mid-range) | 15€ | 12€ | 20€ |
| Monthly rent for a 1-bedroom apartment (city centre) | 700€ | 600€ | 1150€ |
| Monthly transportation pass | 40€ | 55€ | 65€ |
| Average utilities for a 85m2 apartment | 130€ | 130€ | 170€ |
| Cinema ticket | 8€ | 8€ | 12€ |
In conclusion, while living in Cyprus can be more expensive than some countries, it is generally more affordable than other European destinations. As with any location, the cost of living can vary depending on individual circumstances.
This video contains the answer to your query
I’m sorry, could you please provide me with another section of the video to summarize?
Some additional responses to your inquiry
Cyprus is one of the most attractive countries in Europe for expats, because the quality of life here is quite high for relatively moderate costs.
The cost of living in Cyprus is generally lower, taxes are more lenient and the property prices are generally cheaper than in the UK.
Life in Cyprus is generally a lot cheaper than that in the United Kingdom and other European countries. If you do a quick comparison, you’ll find that the actual living costs are around 57% lower in the Republic than in the United Kingdom.
An enviable island lifestyle combined with an all-around low cost of living makes Cyprus an appealing destination for expats, particularly for retirees looking to make their pensions stretch. Overall, the cost of living in Cyprus is comparable to European countries such as Hungary and Bulgaria.
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.
The cost of living in Cyprus is much lower than in the UK. In Numbeo’s Cost of Living Index 2020, Cyprus earned a very respectable 36th place. To give you an idea of how much more affordable cities are in Cyprus compared to the UK, check out the table below.
On average, the cost of living in Cyprus, is 52% cheaper than in New York City, United States. On average, rent in Cyprus is 52% cheaper than in New York City, New York, USA.
Surely you will be interested in this
Also question is, How much does it cost to live in Cyprus in dollars? A family of four estimated monthly costs are 3,100.9$ (2,840.6€) without rent. A single person estimated monthly costs are 889.2$ (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.
Similar
Also question is, Is it cheaper to live in Spain or Cyprus?
As an answer to this: The average cost of living in Cyprus ($1410) is 13% more expensive than in Spain ($1246). Cyprus ranked 32nd vs 41st for Spain in the list of the most expensive countries in the world. The average after-tax salary is enough to cover living expenses for 1 months in Cyprus compared to 1.4 months in Spain.
Secondly, What are the disadvantages of living in Cyprus? Answer: A disadvantage of living in Cyprus is its lack of public transportation. While you may be able to get by without a car if you live in the center of Paphos, those residing further out will need a car. There is no train system on the island, so those wishing to make do on public transport will have to rely on buses.
Also, How much does an apartment cost in Cyprus? You can find a studio or 1-bedroom apartment for 400-500 EUR / month. Detached house – about 600-700 EUR / month. But in Limassol, the price for a studio or 1-bedroom apartment will be about 700-800 EUR / month and more. 2-3- Bedroom apartments from 1200 EUR / month.
Also asked, How much does it cost to live in Cyprus? Response will be: Cyprus is slightly more affordable than the UK, with an average cost of living 8.3 per cent lower than Britain and rents of around 6.2 per cent less. A single person normally needs a budget of roughly €768 (£679) a month to live comfortably, excluding rent, and a four-person family €2,668 (£2,359).
Keeping this in consideration, Is Cyprus a good place to live?
The response is: The beautiful island of Cyprus in the eastern Mediterranean is popular with expatriates from around the world owing to comfortable living standards, a low cost of living and the warm, pleasant climate. However, moving abroad requires considering the practicalities, such as healthcare, visa requirements and tax exposure implications.
Also Know, How much does it cost to visit a beach in Cyprus? As a response to this: 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.
Then, How much does a meal cost in Cyprus?
As a response to this: 1-time meal for 1 person costs around 8 Euro to 15 Euro in Cyprus. Meal cost in Cyprus depends upon your spending habits. For some people, 5 Euro is also enough, but for some 15 Euro isn’t enough. So, it totally depends on you. Breakfast prices are usually a little cheaper than lunch or dinner.
Keeping this in view, How much does it cost to live in Cyprus?
Answer will be: Cyprus is slightly more affordable than the UK, with an average cost of living 8.3 per cent lower than Britain and rents of around 6.2 per cent less. A single person normally needs a budget of roughly €768 (£679) a month to live comfortably, excluding rent, and a four-person family €2,668 (£2,359).
Moreover, What is life like in Cyprus? Life, in general, is more relaxed and there are more opportunities to spend time outdoors. The cost of living in Cyprus is generally lower, taxes are more lenient and the property prices are generally cheaper than in the UK. The lifestyle is typically Mediterranean with its slow laidback pace and “enjoy the moment” attitude.
One may also ask, Should you visit Cyprus on a budget? As a response to this: Well, it doesn’t have to be. Prices in Cyprus are more or less on par with other mid-range European destinations — like Croatia or Spain — which means it can be incredibly affordable and that it is entirely possible to visit the country on a budget.
Also question is, How much does it cost to visit a beach in Cyprus?
As a response to this: 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.