How Much Does It Cost to Live 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 economy of Cyprus depends much on tourists which 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 the 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.)
Cost of Living Breakdown in Cyprus
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 $50 on average.
12 oz of cool Coke or Pepsi is just $1.55.
A relaxing cup of cappuccino is as much as $3.16 on average.
Those missing combo fast food can get for around $7.
| Average Restaurant Prices | |
|---|---|
| Meal (Inexpensive Restaurant) | $14.00 |
| Domestic Beer (0.5 Liter) | $3.00 |
| Water (0.33 Liter) | $0.78 |
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) – $0.78; fruits and vegetables – $0.38 to $0.90 per pound; some mid-range red or white wine in a bottle – $7; 20 cigarettes packed – the price of a gallon of milk.
| Average Market Prices | |
|---|---|
| Milk (1 Liter) | $1.50 |
| Loaf Bread (500g) | $1.64 |
| Eggs (12) | $3.00 |
TRANSPORTATION
To get to and from the market, people often use their private cars.
We have already mentioned, that there is left driving in Cyprus.
Keeping this in mind, please, also note that the prices for gasoline are $1.52 per liter.
To take a taxi, you should prepare $5 for the taxi start and $1.15 for every mile till your destination.
| Average Transport Prices | |
|---|---|
| One Way Ticket | $1.50 |
| Monthly Pass | $40.00 |
| Gasoline | $1.52 |
UTILITIES (MONTHLY)
Average fees, costs, and other information on paying utility bills in Cyprus are the following.
Electricity, collecting garbage, water provision, warmth, and cold in the house cost $171.05 per month.
$0.09 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 $33.67 per month.
| Average Utilities Prices | |
|---|---|
| Basic (Water, Electricity, Garbage, Heating, Cooling) | $171.05 |
| 1 min. of Prepaid Mobile Tariff Local | $0.09 |
| Internet (Unlimited Data, Cable/ADSL) | $33.67 |
SPORTS & LEISURE
Cyprus is worth living in.
With such a broad program for sports and leisure, it’s wrong to miss the chance.
Yachting, motor racing, eco-tourism, tennis, and fitness clubs are all open for you daily.
Cinema is probably the cheapest way to spend your 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 | $57.96 |
| Tennis Court Rent (1 Hour) | $23.41 |
| Cinema, 1 Seat, International Release | $9.00 |
CLOTHING & SHOES
Locals and tourists all over the world (and Cyprus is not an exclusion) find shopping the most interesting way to 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 $80.33, or nice leather business shoes for $98.51.
| Average Clothing Prices | |
|---|---|
| 1 Pair of Jeans (Levis 501 Or Comparable) | $80.33 |
| 1 Summer Dress in a Chain Store (Zara, etc...) | $38.62 |
| 1 Pair of Adidas Walking Shoes (Mid-Range) | $78.50 |
RENT PER MONTH
The 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 $662.22 far from the center.
The same space in the downtown costs something like $859.28.
| Average Rent Prices | |
|---|---|
| Apartment (1 bedroom) in City Center | $859.28 |
| Apartment (1 bedroom) Outside of Center | $662.22 |
| Apartment (3 bedrooms) in City Center | $1644.09 |
HEALTHCARE
Cyprus operates a universal public healthcare system funded through payroll contributions of about 2.65 percent of salary, with additional state funding.
Private insurance is optional and typically costs 40 to 100 USD per month.
Out-of-pocket expenses average about 500 to 800 USD per person per year, mainly for private care and medications.
With average monthly salaries around 2,000 USD, healthcare is generally affordable, though private services add noticeable costs.
EDUCATION
Public primary and secondary schools are tuition-free, with families paying for books, uniforms, and supplies.
Private school tuition ranges from $7,000 to $20,000 per year.
Public universities charge low tuition for residents, roughly $1,500 to $3,500 per year, while private universities can cost $5,000 to $15,000 annually.
Students also pay for housing, food, transport, and textbooks.
Average monthly income is about $2,500, so public education is affordable, but private schooling and university costs can be high.
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 31.2% of income, while utilities are only 6.5%.
Food at home and on the go is 26.6% and 14.9% respectively.
Lots of money go for transportation.
As long as not all people own their cars, many use public transport and taxis.
10.9 % of income is spent on means of travel.
The least is given to clothing and shoes – only 2.9% of the family finances.
7.1% is spent on sports and leisure, which is not much at all.
Average Costs Breakdown
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.
The 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.
Cyprus Safety Overview
READ THE FULL REPORT: Cyprus Safety Review
| OVERALL RISK | LOW |
|---|---|
| TRANSPORT & TAXIS RISK | LOW |
| PICKPOCKETS RISK | LOW |
| NATURAL DISASTERS RISK | LOW |
| MUGGING RISK | LOW |
| TERRORISM RISK | LOW |
| SCAMS RISK | LOW |
| WOMEN TRAVELERS RISK | LOW |
| TAP WATER RISK | LOW |
Cost of Living by City in Cyprus
| City | Cost of Living Index |
|---|---|
 Larnaca |
54.31 |
| Limassol |
57.71 |
| Nicosia |
60.97 |
We are considering moving to Nicosia, so many thanks for this helpful information helpfully organized and presented.
I never realized how much of Cyprus’s economy hinges on tourism. It’s interesting that so many people living there are foreigners; I wonder how that affects the local culture and community. Also, the free beaches sound amazing, but I’m curious about how much those lounge rentals and snacks really add up!
Nice to know that getting a tan doesn’t cost anything, but I guess those lounge chairs and snacks really put a dent in the budget. Who knew sunbathing could be such a luxury experience?