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Cost of Living in Cyprus

Pay attention to one attractive country in the Mediterranean sea – Cyrpus.

According to statistics, every fifth person living here is a foreigner.

The economics of Cyprus depends much on the tourists that is why many people can speak English and Russian here.

Some important facts to remember when you are in Cyprus are left driving and using euro as a base currency.

The banks and the drugstores are closed on Sundays which is a real challenge if you want to exchange money.

Anyway, some good news is that you won’t pay to get a marvelous suntan.

The beaches in Cyprus are free of charge (you just pay to rent a lounge, get local drinks and snacks etc.)

Restaurants

RESTAURANTS

Cyprus is a gastronomical paradise for all.

Loads of pretty cafes and restaurants on the seashore in every Cyrpian city offer local and international cuisines.

Three courses for two will cost $45.78 averagely.

12 oz of cool Coke or Pepsi is just $1.68.

A relaxing cup of cappuccino is as much as $3.41 on the average.

Those missing combo fast food can get it for around $7.

Average Restaurant Prices
Meal (Inexpensive Restaurant) $ 11.44
Domestic Beer (0.5 Liter) $ 3.43
Water (0.33 Liter) $ 0.81
Markets

MARKETS

The heaven for the belly is not limited to restaurants and cafes.

Markets are the place to get the freshest products wherever you are in Cyrpus.

The prices here are quite attractive.

Drinking water (1,5 liter) – $0.84; fruits and vegetables – $0.38 to $0.90 per pound; some mid-range red or white wine in a bottle – $5.80; 20 cigarettes packed – the price of a gallon of milk.

Average Market Prices
Milk (1 Liter) $ 5.76
Loaf Bread (500g) $ 1.40
Eggs (12) $ 2.84
Transportation

TRANSPORTATION

To get to and from the market, people often use their private cars.

We have already mentioned, that there is left driving on Cyprus.

Keeping this in mind, please, also note that the prices for gasoline are $5.55 per gallon.

To take a taxi, you should prepare $4.58 for taxi start and $1.34 for every mile till your destination.

Average Transport Prices
One Way Ticket $ 1.72
Monthly Pass $ 45.78
Gasoline $ 5.55
Utilities

UTILITIES (MONTHLY)

Average fees, costs and other information on paying the utility bills in Cyprus are the following.

Electricity, collecting garbage, water provision, warmth and cold in the house cost $119.17 per month.

$0.10 is a per minute rating for mobile connection with the world.

You can always use an alternative in the form of the unlimited data Internet which will actually be only $45.39 per month.

Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling) $ 119.17
1 min. of Prepaid Mobile Tariff Local $ 0.10
Internet (Unlimited Data, Cable/ADSL) $ 45.39
Sports and leisure

SPORTS & LEISURE

Cyprus is worth living in.

With such a broad programme for sports and leisure, it’s wrong to miss the chance.

Yachting, motor racing, ecotourism, tennis and fitness clubs are all open for you daily.

Cinema is probably the cheapest way to spend free time.

Keep an eye on the prices and choose the one that is best suited to you.

Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult $ 55.78
Tennis Court Rent (1 Hour) $ 15.48
Cinema, 1 Seat, International Release $ 9.16
Clothing and shoes

CLOTHING & SHOES

Locals and tourists all over the world (and Cyprus is not an exclusion) find shopping the most interesting way for leisure.

Some call it sports, by the way.

Dismissing hesitations, go visit the boutiques and buy yourself a pretty pair of running shoes for $79.12, a pair of Levis for $72.44, or nice leather business shoes for $92.91.

Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable) $ 72.44
1 Summer Dress in a Chain Store (Zara, etc...) $ 39.12
1 Pair of Adidas Walking Shoes (Mid-Range) $ 79.12
Rent per month

RENT PER MONTH

Cost of living in Cyprus has also been dictated by square meters of living space.

To rent a spacious three-bedroom apartment in the center of big cities in Cyprus, be ready to spend $1058,90 monthly.

The one-bedroom place is less expensive obviously, so it is approximately $519 far from the center.

The same space in the downtown costs something like $640.98.

Average Rent Prices
Apartment (1 bedroom) in City Center $ 640.98
Apartment (1 bedroom) Outside of Center $ 519.54
Apartment (3 bedrooms) in City Center $ 1058.90

How Does the Average Person Spend Their Money in Cyprus?

How much money do you need in Cyprus?

How much do the natives spend living there?

These questions have their answers and here you are with the average updated percentage.

Monthly rent takes 25.2% of income, while the utilities are only 6.5%.

Food at home and on the go is 29.1% and 16.2% respectively.

Lots of money go for transportation.

As long as not all people own their cars, many use public transport and taxis.

12.2% of income is spent on means of travel.

The least is given to clothing and shoes – only 3.3% of the family finances.

7.6% is spent on sports and leisure, which is not much at all.

16.2%
29.1%
12.2%
6.5%
7.6%
3.3%
25.2%
Restaurants
Markets
Transportation
Utilities (Monthly)
Sports & Leisure
Clothing & Shoes
Rent Per Month

Cyprus: Average Salary, Minimum Wage & Mortgages

Cyprus is known for retaining minimum wages for all the cities.

We can say that this year the minimum wage countrywide has slightly decreased compared to previous years.

The smallest amount of money that has to be legally paid to every citizen in the country is $917.1.

Monthly net salary after tax, though, is approximately $1307.93 per person.

The Cypriots lend money from banks to buy living premises for 20 years and pay as much as 3.72% interest rate every year.

Yet the percentage varies from 3.43% to 6.01% depending on the type of building, the region of the country and some other property characteristics.

Average Salary$ 1307.93
Minimum Wage$ 917.1
Mortgage Interest Rate3.72%

Cost of Living by City in Cyprus

*Click the name of the city for more information.

City Cost of Living Index
Larnaca 54.31
Limassol 57.71
Nicosia 60.97

1 Comment

  1. John

    We are considering moving to Nicosia, so many thanks for this helpful information helpfully organized and presented.

    Reply

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