Cyprus is a Mediterranean country that attracts expats with its ideal climate and rich culture. Find out what the cost of living in Cyprus is in 2024, including the country's prices for housing, food, transport and much more

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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. According to statistics, every fifth resident of Cyprus is a foreigner. Citizens of Canada, Turkmenistan, the Philippines and other countries of the world come here for permanent residence. The island is a promising destination for living and working, however, it is important to research local prices before planning a move. Read about the cost of living in Cyprus in our new article.

Is it expensive to live in Cyprus?

The cost of living in Cyprus is lower compared to the countries of Western and Northern Europe, Great Britain and the USA. In general, prices here are kept at the level of such European countries as Poland, Hungary and Romania. Limassol - the economic, cultural and financial center of Cyprus is considered the most expensive city in the country, but in the world ranking of the cost of living, it ranks 156 out of 209.

The average amount that a single person needs to live in Cyprus for a month is 1,800-2,000 euros including rent. A family of 2 people in Cyprus should count on a budget of 1900-2150€ per month. A family of four needs at least 4,500 euros per month, including rent.

Property rental prices in Cyprus

As in most countries of the world, housing rent will become one of the main expenses for your budget. However, its cost can be attributed to the main advantages of living in Cyprus.

The cost of real estate in Cyprus is constantly increasing. However, it remains lower than in many other European countries, such as Germany, Sweden or France. The cost of renting or buying real estate in Cyprus is highly dependent on location.

If you decide to rent, expect to pay €700-800 for a one-room apartment outside the center of the big cities, or from €900-1000 for apartments in the central part. A three-room apartment will cost €1,300-1,500 per month outside the center and €1,700+ in the city center.

Features of renting real estate in Cyprus

The housing stock of Cyprus is represented by both furnished and unfurnished apartments, as well as villas and houses. A large percentage of apartments are located in new buildings. Also, most houses in Cyprus have a shared or private pool.

The lease can be short-term - six months or less, or long-term - 12 months or more. Tenants must pay a deposit of one month's rent before moving in. If the property is returned in good condition at the end of the lease, the deposit must be returned to the tenant in full.

The cost of utilities in Cyprus

The monthly utility bill for an 85 square meter apartment will be around 162 euros per month. This includes electricity, heating, cooling, water and garbage collection. Electricity prices in Cyprus have a particular impact on utility costs, as cooling costs often spike during the summer months.

High-speed Internet costs about 35 euros per month. Mobile plans with enough data average around 20 euros per month.

Is it expensive to buy real estate in Cyprus?

Buying real estate in Cyprus can be a good investment, because housing prices in Cyprus are constantly increasing, because the demand is quite high. More and more foreigners are moving to Cyprus, despite the housing shortage. A square meter in the central parts of large cities costs €2,300-2,500, outside the center is cheaper - about €1,700.

The advantage of buying a home in Cyprus is the opportunity to obtain a permanent residence permit. The minimum purchase amount to participate in the program is €300,000.

The ranking of the most popular cities for buying real estate in Cyprus is in this article.

Food prices in Cyprus

Cyprus is a real gastronomic paradise, because the products here are very tasty and their cost is moderate. The average budget for buying products in Cyprus for a family of 2 people is about 300-350€ per month.

Prices vary depending on where you shop, local markets are often more affordable than supermarkets.

In Cyprus, the cost of basic goods in supermarkets is very different. A liter of milk costs from 1.13 to 2.50 euros. A kilogram of fresh white bread costs between €2.00 and €6.27. A dozen large eggs can cost around €4.63 and potatoes €1.39 per kilo. The price of 500 grams of boneless chicken breast is about 5.03 euros. Local cheese, a staple of the Cypriot diet, costs around €9 for 500 grams.

How much will a dinner in a Cypriot restaurant cost?

In every city of Cyprus, there are many good cafes and restaurants on the seashore, which treat you to dishes of local and international cuisine. A three-course lunch for two in a middle-class restaurant will cost €60, dinner in an inexpensive restaurant - €15, the lowest prices in fast food establishments - €6-7.

A bottle of Coca-cola or Pepsi costs €1.50. A cup of cappuccino - €3. Complex menu in a fast food cafe - 6€.

Prices for transport in Cyprus

The only means of transport in Cyprus are buses, the routes connect all the cities of the country. A one-way local transport ticket costs between 1.50 and 2.40 euros. The night rate is slightly higher - 3.5 euros. Such prices make buses an economical option for daily trips. Frequent travelers should consider a monthly pass, which costs between €40.00 and €50.00.

Discounts are available for some categories of people: university students, school pupils, pensioners, recipients of social assistance. Disabled persons and accompanying persons, military personnel and children under 6 years of age do not need travel tickets.

However, bus service has a number of disadvantages - the schedule is not very reliable, there are also restrictions in routes.

That is why most expats prefer to travel by their own or rented car. A liter of gasoline on the island costs about 1.5€. It is also possible to use taxi services. The rate is 1.5 euros per 1 km. If you decide to go from Limassol to Paphos, which is 70 km away, you will pay around 105 euros.

Healthcare costs in Cyprus

Understanding the cost of healthcare in Cyprus is critical for potential expats. This Mediterranean destination offers both public and private healthcare.

In Cyprus, the public healthcare system serves citizens and residents free of charge. However, many choose private healthcare because of faster service and greater comfort.

A visit to a doctor in Cyprus costs €50, the cost of a one-day hospital stay (without treatment) is around €150-200. Dental treatment can vary from 100 to 200 euros. Childbirth costs are estimated at 4,000 to 5,000 euros.

Read here about the features of private and public health insurance in Cyprus.

In general, healthcare costs in Cyprus, both public and private, are generally more affordable than in the US and some European countries. Such efficiency, combined with cost-effective health insurance, ensures high-quality medical care for residents without excessive financial burdens.

You will need health insurance to safely move and find employment in a new country. You can issue an extended policy on our website using the link.

Prices for entertainment in Cyprus

There are many opportunities for recreation in Cyprus. Visiting museums and a ticket to important tourist attractions costs from 10 to 12 euros. For movie lovers, the average price of a cinema ticket is 10.00 euros.

A subscription to the gym for a month costs 60 euros. Tennis fans can enjoy an hour on the court for around 24 euros.

If you plan to go out every weekend, you can expect to spend 200-300 euros per month on entertainment for a couple.

The cost of education in Cyprus

School education in public institutions is free for residents and citizens of Cyprus and the EU. Prices for private schools depend on the location and quality of the institution. Expect to pay €400 per month for kindergarten and €6,000 per year for school.

- Higher education

Citizens of non-European countries entering higher education institutions can expect to pay between 5,000 and 6,000 euros per year. The cost of private universities also depends on the direction and level of study. On average, you should pay around 9,000-10,000 euros per year. Medical school is usually more expensive and can cost upwards of $25,000 per year.

Among the best private institutions are the University of Nicosia, the European University of Cyprus in Nicosia, Yakin Dogu University in Lefkosia, the Cyprus Institute in Nicosia.

Living in Cyprus will be a good phase for any expat, especially considering the ideal climate, warm sea, rich culture and delicious cuisine.

We will remind you! The level of quality of life is a key factor in choosing a city for relocation, investment and tourism. If you are planning a move or a long trip to Cyprus, it is important to choose a city that offers the most comfortable living conditions. We talked about the best cities of Cyprus in this article.

Igor Usyk - Head of Migration department at VisitWorld

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