Filenews 3 July 2023
In Limassol, according to the platform's data expatistan.com the monthly cost of living for a family of four is €4.141 and for one person €2.380.
There is little money that a family of four needs to live in Cyprus and in fact the cost of living varies from city to city, if we take into account the rents offered.
According to data from expatistan.com platform, in June 2023 the estimated average monthly cost of a family of four in Cyprus was €4.193 and the monthly cost for one person €2,277. Through the platform it is possible to compare cities based on the cost of living.
Comparing Limassol with Nicosia, the cost of living in the former is 11% more expensive than in the capital.
For Nicosia the cost of living for a family of four per month is €3.197, and for one person €1.348. In the capital, according to the platform's data, the monthly rent for an apartment of 85 sq.m in an expensive area is €882 and in a normal area €625. The monthly rent for a furnished studio of 45 sq.m in an expensive area is €543 and in a normal area €420. In Nicosia, a cocktail drink in the city centre costs on average €9 and a beer €3.55.
In Limassol, according to the platform's data expatistan.com the monthly cost of living for a family of four is €4.141 and for one person €2.380. The difference with Nicosia in the cost of living is €944 for a family of four and for one person reaches €1,032, about as much as an average salary.
In Limassol a monthly rent for a 45 sq.m furnished studio in a regular space in Limassol costs €1.100 (6 days ago) and a monthly rent for a 45 sq.m furnished studio in an expensive area in Limassol costs €1.500 (6 days ago.)
The monthly rent for an 85 sq.m apartment in Limassol costs €1.500 (6 days ago) and in an expensive area €2.131.
In Limassol, 500 ml of beer in a neighbourhood pub costs €4 (6 days ago) and a cocktail drink in the city centre costs €15 (6 days ago), 1 litre of petrol in Limassol costs €1.49 (6 days ago).
Comparing Larnaca with Nicosia and Limassol the cost of living is cheaper. For Larnaca the cost of living for a family of four per month is €2.895, and for one person €1.242.
According to the data of the platform, the monthly rent for a furnished apartment of 85 sq.m furnished in an expensive area is € 942 and for 85 sq.m in a normal area is € 477.
The monthly rent for a furnished studio of 45 sq.m in an expensive area is €485 and for a furnished studio of 45 sq.m in a normal area € 359.
For a family of four in Paphos the monthly cost is estimated at €2,642 and the rent is estimated to be 23.2% higher than in Nicosia.
Comparisons with abroad
The cost of living in Nicosia is 25% cheaper than in Helsinki and the cost of living in Limassol is 30% more expensive than in Moscow, according to expatistan.com platform.
The cost of living in Limassol is 32% cheaper than in Philadelphia, Pennsylvania and Larnaca is 25% cheaper than in Jerusalem.
The cost of living in Limassol is 99% more expensive than in Mumbai. The cost of living in Nicosia is 46% cheaper than in London and in Limassol 49% more expensive than in St. Petersburg.
The cost of living in Nicosia is 4% cheaper than in Lisbon and the cost of living in Limassol is about the same as in Barcelona, Spain.
The cost of living in Cyprus is 25% more expensive than in Greece and based on the data provided by the platform, food is more expensive by 32% and rents by 66%.
Also, in Cyprus the cost of living is 23% more expensive than in Spain and 22% more expensive than in Portugal.
