Cost of Living in Greece

greece-life-cost
0

Source: http://www.expatarrivals.com/

Image source: http://www.european-funding-guide.eu/

The country’s economic difficulties have resulted in the overall cost of living in Greece actually becoming cheaper, largely as a result of a significant drop in housing and rental prices. This is reflected in Athens falling to 136th out of 207 cities in 2015 on Mercer’s Cost of Living Survey, in comparison to 2014, when it was ranked 78th.
This doesn’t change much for Greeks struggling with rising unemployment, lower salaries and significantly reduced purchasing power. It does, however, present an opportunity for expats who can afford it to save precious Euros on property in Greece, especially as the government attempts to attract foreign investment.
Jobs in Greece are hard to come by, particularly for expats, since Greek legislation requires employers to prove that any position filled by a foreigner cannot be filled by a Greek citizen. Most expats in Greece that aren’t in low paid jobs are retired, teach English or are in the country due to an intra-company transfer.
For those who find a way around the comparatively low salaries, living costs in Greece are much cheaper than other major European cities. For instance, a month’s expenses, including rent in Athens, can cost as little as half of what it would in London. It is, however, far more expensive than a city such as Mumbai.
As with other destinations, the cost of living in Greece varies between different areas. The mainland is generally cheaper than the Greek islands when it comes to fuel and certain basic goods. The countryside is generally cheaper than cities but often offers a much smaller range of products and services. Athens’s northern and southeastern suburbs are the most expensive areas on the mainland, while the most expensive islands are those which attract the most tourists. Chief among these are Rhodes, Mykonos, Santorini, Corfu and Crete.

Cost of accommodation in Greece

Buying and renting accommodation in Greece has progressively become cheaper, and foreigners who invest a certain amount of money in Greek property have the right to apply for residency. This hasn’t benefited most locals but it does present an opportunity for expats to purchase a house or apartment that suits their needs at a reduced price. It is, however, recommended that those looking at moving to Greece rent first.

Cost of food in Greece

Greek food is world famous and food in Greece is generally quite cheap, which makes for a happy combination. Austerity measures have resulted in some of the highest VAT rates in the EU, meaning that the costs of basic products are not as low as one might expect. At the same time, however, the VAT rate for food is lower than other goods and the wide range of locally grown produce means that eating cheaply and well is not difficult.

Cost of transportation in Greece

Driving in Greece is notorious for often being somewhere between challenging and perilous. For expats who do intend on driving their own vehicles, car insurance is a must and is included with almost all vehicle rentals. In the case of hiring a car in Greece, it is important to check what kind of insurance is on offer, or the costs of hiring a vehicle may be more than was budgeted for.
Most people who take public transport in Greece take a bus.

Cost of education in Greece

Given that public schools in Greece use Greek as their medium of instruction, the children of expats who are not staying for the long-term often go to a private international school. Some expats do elect to put their children in Greek public schools, especially if they intend on staying in the country. Owing to the standard of many schools, Greek parents who can afford it have also been known to spend thousands on private tutors.
Private schools in Greece cost more than public schools, prices differ between individual schools, and prices go up as children progress through their school careers.

Cost of Living in Greece chart

Prices may vary depending on product and service provider. The list below shows average prices for November 2015.

Accommodation (monthly rent in a good area)

Furnished two bedroom house
EUR 600
Unfurnished two bedroom house
EUR 500
Furnished two bedroom apartment
EUR 500
Unfurnished two bedroom apartment
EUR 400

Shopping

Eggs (dozen)
EUR 3.40
Milk (1 litre)
EUR 1.25
Rice (1kg)
EUR 1.74
Loaf of white bread
EUR 0.80
Chicken breasts (1kg)
EUR 6.40
Pack of cigarettes (Marlboro)
EUR 4

Eating out

Big Mac meal
EUR 6
Coca Cola (330ml)
EUR 1.45
Cappuccino
EUR 3.05
Bottle of local beer
EUR 3.50
Three course meal for two at a mid-range restaurant
EUR 35

Utilities/household (monthly)

Mobile to mobile call rate (per minute)
EUR 0.19
Internet (Uncapped ADSL or cable – average per month)
EUR 25
Basic utilities (per month for small apartment)
EUR 160

Transportation

Taxi rate (per kilometre)
EUR 0.70
Bus/train fare in the city centre
EUR 1.20
Petrol/Gasoline (per litre)
EUR 1.50

 

Related Blogs

  • Jan 7, 2020
    Lisbon Helicopters Offers Aerial…

    Source:  New flightseeing attraction takes off to provide visitors with a bird's-eye view of the city and beyond Lisbon visitors often..

    0 Read More
  • Jan 1, 1970
    Enjoy a Low Cost…

    Source: In Portugal, you can enjoy a low cost of living similar to that in Latin America’s more developed countries…with..

    0 Read More
  • Jun 3, 2020
    Cost of Living: How…

    Source:  No doubt you would like to try to estimate how far your euros will stretch and how much money..

    0 Read More
  • Jan 1, 1970
    Health Care in Portugal

    Source:  Health Care The World Health Organization ranks the effectiveness of care in Portugal at number 12 in the world,..

    0 Read More
  • Mar 1, 2020
    Ten free things to…

    With its stunning setting, sunny climate and an alluring mixture of old world charms and hip nightlife, it is no..

    0 Read More
  • Jan 1, 1970
    Lisbon for Under 5…

    Source:  Image source:  Sun, surf and low rents: why Lisbon could be the next tech capital   Lisbon’s 25 April..

    0 Read More
  • Jan 1, 1970
    Portugal is the cheapest…

    Source:  A three-course meal for a family of four with coffee, beer, and Coca-Cola costs £44.14   Portugal is the..

    0 Read More
  • Jan 1, 1970
    Health Care System in…

    Source:  Health Care The World Health Organization ranks the effectiveness of care in Portugal at number 12 in the world,..

    0 Read More
  • Jan 1, 1970
    Enjoy A Low Cost…

    Source:  In Portugal, you can enjoy a low cost of living similar to that in Latin America’s more developed countries…with..

    0 Read More
  • Jan 5, 2018
    Money and costs in…

    Source:  DAILY COSTS BUDGET (up to) €50 Dorm bed: €15–22 Basic hotel room for two: from €30 Lunch special at..

    0 Read More
  • Jan 4, 2018
    Enjoy a Low Cost…

    Source: In Portugal, you can enjoy a low cost of living similar to that in Latin America’s more developed countries…with..

    0 Read More
  • Jan 3, 2018
    Portugal is the cheapest…

    Source:  A three-course meal for a family of four with coffee, beer, and Coca-Cola costs £44.14   Portugal is the..

    0 Read More
  • Jan 2, 2018
    Portugal is the cheapest…

    Source:  A three-course meal for a family of four with coffee, beer, and Coca-Cola costs £44.14   Portugal is the..

    0 Read More
  • Jan 1, 2018
    Health Care

    Source:  Health Care The World Health Organization ranks the effectiveness of care in Portugal at number 12 in the world,..

    0 Read More
  • Jan 12, 2017
    Enjoy a Low Cost…

    Source: In Portugal, you can enjoy a low cost of living similar to that in Latin America’s more developed countries…with..

    0 Read More
  • Jan 10, 2017
    Portugal is the cheapest…

    Source:  A three-course meal for a family of four with coffee, beer, and Coca-Cola costs £44.14   Portugal is the..

    0 Read More
  • Jan 9, 2017
    Money and costs in…

    Source:  DAILY COSTS BUDGET (up to) €50 Dorm bed: €15–22 Basic hotel room for two: from €30 Lunch special at..

    0 Read More
  • Jan 8, 2017
    Top 5 free –…

    Source: What I can tell you is that Porto is a cool city with a bohemian atmosphere, a city where..

    0 Read More
  • Jan 7, 2017
    Health Care System in…

    Source:  Health Care The World Health Organization ranks the effectiveness of care in Portugal at number 12 in the world,..

    0 Read More
  • Jan 1, 1970
    Portugal´s Reasonable Housing Costs

    Source:  With the economic crisis in Europe still hitting Portugal hard, it’s a buyer’s market for real estate and a..

    0 Read More
  • Jan 1, 1970
    Enjoy A Low Cost…

    Source:  In Portugal, you can enjoy a low cost of living similar to that in Latin America’s more developed countries…with..

    0 Read More
  • Jan 1, 1970
    About Portugal – Cost…

    Source:  Before travelling, consult the indicated average prices of certain products and services, in order to gain an idea of..

    0 Read More
  • Mar 4, 2017
    Lisbon for Under 5…

    Source:  Image source:  Sun, surf and low rents: why Lisbon could be the next tech capital   Lisbon’s 25 April..

    0 Read More
  • Jan 1, 1970
    Lisbon for Under 5…

    Lisbon is not an expensive capital city when compared to the rest of Western Europe and, apart from roaming it’s..

    0 Read More
  • Jan 1, 1970
    Top 5 free –…

    As I’ve been to Porto in the last few days and while I still have clear memories of my trip’s..

    0 Read More
  • Jan 1, 1970
    Ten unusual things to…

    Source:  Here are ten quirky and cool things you can do in Lisbon for less than 100 euros, total! Enjoy..

    0 Read More
  • Jan 1, 1970
    Renting a House or…

    Source:  Image source:    How to find and lease accommodation in Greece... Finding a rental property in Greece is relatively easy and..

    0 Read More
  • Jun 2, 2017
    Living in Greece as…

    Source:  Image source:  The prospect of living in Greece is inviting for many expatriates. Greece is an extremely vibrant country..

    0 Read More
  • Jan 1, 1970
    Lisbon for Under 5…

    Source:  Image source:  Sun, surf and low rents: why Lisbon could be the next tech capital   Lisbon’s 25 April..

    0 Read More
  • Jan 1, 1970
    Prices in Greece

    Source: http://greeklandscapes.com/ Image source:  Greece used to be one of the most affordable destinations of Europe, but after the country joined..

    0 Read More
  • Jan 1, 1970
    Cost of Living in…

    Source:  Image source: The country's economic difficulties have resulted in the overall cost of living in Greece actually becoming cheaper,..

    0 Read More
  • Sep 1, 2017
    Living in Greece

    Source:  Image source:  The prospect of living in Greece is inviting for many expatriates. Greece is an extremely vibrant country..

    0 Read More
  • Feb 1, 2017
    Money and costs in…

    Source:  DAILY COSTS BUDGET (up to) €50 Dorm bed: €15–22 Basic hotel room for two: from €30 Lunch special at..

    0 Read More
  • Jan 1, 1970
    Cost of Living: How…

    Source:  No doubt you would like to try to estimate how far your euros will stretch and how much money..

    0 Read More
  • Jan 1, 1970
    Cost of living in…

    Source:  Portugal is, without doubt, one of the best places in Europe to find a low cost of living. However,..

    0 Read More
  • Dec 12, 2016
    One of the best…

    Source:  HAVE YOU THOUGHT ABOUT OWNING A HOUSE IN PORTUGAL? If you've already been here on holiday, why don't you..

    0 Read More
  • Jan 1, 1970
    Portugal is the cheapest…

    Source:  A three-course meal for a family of four with coffee, beer, and Coca-Cola costs £44.14 Portugal is the cheapest..

    0 Read More
  • Jan 1, 1970
    Health Care

    Source:  Health Care The World Health Organization ranks the effectiveness of care in Portugal at number 12 in the world,..

    0 Read More
  • Jan 1, 1970
    Enjoy a Low Cost…

    Source: In Portugal, you can enjoy a low cost of living similar to that in Latin America’s more developed countries…with..

    0 Read More
  • Oct 10, 2016
    Public transportation in Portugal

    Source: If you are travelling or moving to Portugal, you don't need to worry about public transport not being efficient...

    0 Read More
  • Mar 10, 2016
    Lisbon for Under 5…

    Lisbon is not an expensive capital city when compared to the rest of Western Europe and, apart from roaming it’s..

    0 Read More
  • Jan 1, 1970
    Top 5 free –…

    As I’ve been to Porto in the last few days and while I still have clear memories of my trip’s..

    0 Read More
  • Jan 1, 1970
    Ten free things to…

    With its stunning setting, sunny climate and an alluring mixture of old world charms and hip nightlife, it is no..

    0 Read More