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. Limassol is the most expensive city on the island, ranking 165th out of 227 cities worldwide assessed for the 2023 Mercer Cost of Living Survey. That said, it is still more affordable than many other cities in Europe.


Cost of accommodation in Cyprus

The low cost of rent in Cyprus is one of the main benefits of life on the island. There's a wide range of types of accommodation, leaving expats with plenty of choices regarding the size, style and budget bracket of their ideal Cyprus home. Accommodation options and prices range from affordable apartments to mid-range traditional houses and sumptuous villas, catering to the full range of expat budgets.


Cost of food and eating out in Cyprus

Groceries in Cyprus tend to be cheaper than in the UK, especially fruit and meat. Restaurants are generally more affordable as well, but price-conscious expats will find the greatest savings from local markets and shops. If expats opt for smaller local establishments, they can save quite significantly and sample some of the fine cuisines on offer in Cyprus, a cosmopolitan blend of Greek, European and Middle Eastern cooking.


Cost of transport in Cyprus

With no rail network in Cyprus, buses are the primary option for public transport. Though relatively inexpensive, availability and reliability vary by region. Some areas may have more frequent services and better connections, while others could be limited. Due to these inconsistencies, expats might find purchasing a car a more convenient and flexible option, allowing them to navigate the island at their own pace.


Cost of entertainment in Cyprus

Cyprus offers a diverse range of entertainment options for expats, catering to various interests and budgets. The island boasts a thriving social scene, with numerous bars, clubs and restaurants providing enjoyable nightlife. While prices may be higher at more popular and touristy establishments, plenty of budget-friendly options are available for expats looking to save on entertainment costs. There are frequent cultural events such as concerts, theatre performances and local festivals held throughout the year, often at affordable prices or even free.

Outdoor activities are abundant in Cyprus, with its picturesque beaches, beautiful hiking trails and historic sites. Expats can enjoy these activities without breaking the bank, making the most of the island's natural beauty and rich history.


Cost of education in Cyprus

Public schools in Cyprus are free of charge, with Greek being the primary language of instruction. Parents going the public-school route should carefully research the quality of individual schools before enrolling their children. Factors to consider include the school's curriculum, teaching methods, facilities and overall reputation.

Expats who prefer an English-medium education for their children will likely opt for private or international schools, which charge tuition fees. These fees vary considerably depending on the child's age, the school and the educational programme. Budgeting accordingly and considering these costs when planning a move to Cyprus is essential.

Expat relocation packages sometimes include provisions for children's education, so it's advisable to negotiate these benefits with an employer if they're not already included.


Cost of healthcare in Cyprus

Healthcare in Cyprus consists of both public and private sectors, with both systems providing a relatively high standard of care. Free or subsidised healthcare in Cyprus's public facilities is available to permanent residents. Waiting times for non-emergency procedures or specialist appointments in the public sector can sometimes be lengthy, which might prompt some expats to opt for private healthcare.

Expats looking for more flexible options and extra coverage should consider private health insurance. Several international providers offer policies specifically designed for expats living in Cyprus. It is crucial to compare plans, taking note of the coverage, premiums and potential exclusions before deciding on the most suitable option for individual needs and budget constraints.


Cost of living in Cyprus chart

Prices may vary depending on the product and service provider. The list below shows the average prices for Nicosia in April 2023.

Accommodation (monthly rent)

Three-bedroom apartment in the city centre

EUR 2,500

Three-bedroom apartment outside the city centre

EUR 1,930

One-bedroom apartment in the city centre

EUR 1,400

One-bedroom apartment outside the city centre

EUR 1,040

Food and drink

Dozen eggs

EUR 3.62

Milk (1 litre)

EUR 1.64

Rice (1kg)

EUR 2.17

Loaf of white bread

EUR 1.77

Chicken breasts (1kg)

EUR 9.78

Pack of cigarettes (Marlboro)

EUR 4.71

Eating out

Three-course meal for two at a mid-range restaurant

EUR 60

Big Mac meal

EUR 7

Coca-Cola (330ml)

EUR 1.46

Cappuccino

EUR 3.20

Bottle of beer (local)

EUR 1.26

Utilities/household

Mobile call rate (per minute – mobile to mobile)

EUR 0.09

Internet (uncapped ADSL or cable – average per month)

EUR 25

Basic utilities (average per month for a standard household)

EUR 149

Transportation

Taxi rate/km

EUR 1.50

City-centre public transport fare

EUR 1.50

Gasoline (per litre)

EUR 1.56

Expat Health Insurance

Cigna Health Insurance -

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Medical insurance specifically designed for expats. With Cigna, you won't have to rely on foreign public health care systems, which may not meet your needs. Cigna allows you to speak to a doctor on demand, for consultations or instant advice, wherever you are in the world. They also offer full cancer care across all levels of cover, and settle the cost of treatments directly with the provider.

Get a quote from Cigna Global

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