Cost of Living in Cyprus

Cyprus is known for its relatively affordable cost of living compared to many other European countries, making it an attractive destination for students and expatriates. The overall cost can vary depending on the city, lifestyle, and personal preferences. Here’s a breakdown of key expenses you can expect while living in Cyprus.

1. Accommodation

• Rent: Monthly rent for a one-bedroom apartment in the city center ranges from €600 to €800, while outside the city center, it can be around €400 to €600. Shared accommodation can significantly reduce costs, often falling between €250 and €400 per month per person.
• Utilities: Basic utilities (electricity, heating, cooling, water, and garbage) average around €100 to €150 per month, depending on usage.

2. Food and Dining

• Groceries: Monthly grocery expenses for one person typically range from €200 to €300. Prices for common items are generally reasonable:
  • Milk (1 liter): €1
  • Bread (500g): €0.80
  • Eggs (12): €2.50
  • Chicken (1kg): €7
• Dining Out: Eating at local restaurants is affordable, with a meal costing around €10 to €15. A three-course meal for two at a mid-range restaurant can range from €40 to €60.

3. Transportation

• Public Transport: Buses are the primary mode of public transport, with tickets costing about €1.50 for a single journey. Monthly passes are available for around €40.
• Car Expenses: If you plan to drive, consider fuel prices (approximately €1.50 per liter) and car insurance costs, which can vary.

4. Health Insurance

• Health insurance is essential for students. Private health insurance plans range from €30 to €100 per month, depending on the coverage.

5. Entertainment and Leisure

• Sports and Fitness: Gym memberships can cost around €30 to €50 per month.
• Movies and Events: Cinema tickets are approximately €7, while cultural events and local festivals often have low entry fees or are free.

6. Miscellaneous

• Internet and mobile phone plans typically cost around €30 to €50 per month.

Conclusion

Overall, the cost of living in Cyprus can be manageable, especially with careful budgeting. Students can find various options to suit different lifestyles and preferences, allowing them to enjoy their time on the island without financial strain.