What Is The Cost Of Living In Greece?
March 14, 2023Today, we will give you the cost of living in Greece. Greece, a country of legends and myths, is especially colorful and beautiful. Greece is a small country that has lots of islands in the Aegean Sea, the Sea of Crete, the Mediterranean Sea, the Thracian Sea, and the Ionian Sea. The country is divided into 13 regions and each of the regions has its own administrative management. The country is popular for its ancient philosophers and also because of the birthplace of democracy in the West. without further discussion let’s know the cost of living in Greece.
What Is The Cost Of Living In Greece?
The cost of living in Greece is 22.2% lower than the cost of living in the United States. The cost of living in the country is one of the most common reasons for the flow of people to Greece. Life is comfy here even with a humble salary. Below we have given the cost of living in Greece vs USA in the tabular format. This table will also help you to predict the cost of living in Greece for international students.
| Cost Of Living For | Greece | USA |
|---|---|---|
| Housing | $632 | $650 |
| Grocery | $223 | $230 |
| Transportation | $59.7 | $98.8 |
| Utilities | $116 | $120 |
| Health | $194 | $200 |
| Median Home Cost | $1797 | $391,900 |
| Overall | $1000 | $5,111 |
Home Rent
While calculating the average cost of living in Greece you need special focus on the cost of housing because it is one of the major expenses. On average, the cost of housing in Greece is roughly 70% lower than in the United States. In Greece, you can rent a comfortable 1-bedroom apartment for under $708 and if you live in a smaller city or a village, rent can be under $381 per month. Below, we have given the distribution of the rent for one and two-bedroom apartments in different cities in Greece including the cost of living in Santorini Greece.
| City | Approx 1 Bedroom Rent | Approx 2 Bedroom Rent |
|---|---|---|
| Athens | $382 | $589 |
| Santorini | $654 | $1100 |
| Ikaria | $436 | $818 |
| Chania | $981 | $1287 |
| Heraklion | $1309 | $1469 |
Food Cost
The cost of food in Greece can affect the cost of living in Greece per month because it is daily needed. If you are used to dining out, then the average cost of food in Greece for you will be around $35 per day. An average meal in a cafe costs around $14.16. Breakfast prices are much cheaper than lunch or dinner. Here is a table showing the approx cost of dinner for two in different cities in Greece, including the cost of living in Athens, Greece.
| City | Approx Dinner Cost For 2 |
|---|---|
| Athens | $44 |
| Santorini | $49 |
| Ikaria | $28.40 |
| Chania | $28 |
| Heraklion | $45 |
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Travel Cost
Foreigners living in Greece, especially from the United States, find Greece much more affordable because of lower transportation costs. Also, traveling throughout the cities in Greece is not a problem because of the developed transportation system and reasonable costs. In Greece, the charges for a Bus ticket are $1.5 and the Taxi is $13.
Other Expenses
Besides transportation, food, and housing there are other many expenses. Let’s know about these other expenses in Greece.
Health Care
In Greece there are two healthcare options, one is public healthcare and the second is private insurance. The country’s healthcare expenditure per capita is about $1,635 and it keeps showing a decline in costs from year to year. Therefore, the cost of living in Greece compared to UK is low.
Utility Bills
The cost of living in Athens Greece is affected due to the cost of utility because Athens is one of the big cities in Greece. Also, The cost of living in Ikaria Greece is low because of lower utility bills. Water, electricity, garbage management, cooling, heating, and others in Greece will cost you around $240 per month on average.
Internet Bills
Greece is ranked 77th among 117 countries with low performance mainly related to the speed of fixed internet connections. Home internet is often about 100 RMB and will cost around $22 a month for unlimited data.
Fitness
In Greece the price of one monthly gym membership in a business district like Athens is around $43. This is based on 6 price points. It can be considered reliable and accurate.
Entertainment
Greece has an enormous cultural heritage. There are thousands of galleries, cinemas, theatres, and museums in this beautiful country. Entertainment on average will cost you around $22 per person daily. This includes tickets to cinemas, museums, and other sightseeing expenses.
Taxes
In Greece all the taxes are progressive and it imposes a higher tax rate for people with higher income. Individual taxpayers must also pay social security, capital, and value-added taxes.
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FAQ
Is It Expensive To Live In Greece?
Greece is a perfect country for living as an expat. The cost of living is 30% less than in other European countries and the USA. Prices depend on the area you live in. For example, life on the islands is less affordable in terms of apartments, fuel, and products.
Is It Cheaper To Live In Greece Or USA?
Cost of Living & Housing in Greece
According to numbeo.com, a website that provides the cost of living data for cities around the world, the cost of living in Greece is nearly 23% lower than in the United States.
How Much Money Do I Need To Survive In Greece?
Greece is, therefore, a top-rated destination for both expats and tourists. Rent excluded, the average living expenses for a single person in Greece is around €600 per month. If you’re a university student, you’ll need about €500 monthly. Whereas a family of four might need about €2,000 per month.
Can I Move To Greece From USA?
There are many categories of residence permits. In most of the cases, U.S. citizens will need to obtain a visa from the Greek Consulate or Embassy that has jurisdiction over the area of their residence abroad.
Can US Citizens Live In Greece?
There are many categories of residence permits. In most of the cases, U.S. citizens will need to obtain a visa from the Greek Consulate or Embassy that has jurisdiction over the area of their residence abroad.
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Conclusion
In this article, you got the cost of living in Greece in U.S. dollars in detail. In Greece, now you have seen, the rent per month, and restaurants demand almost equal sums of money, although the monthly rent takes less than the restaurants, and transportation is the last among the three. Greece is a very social, relationship-oriented country which means the more you become part of the social fabric of the country, the more discounts you will be offered. Well, you know the cost of living in Greece, so, you can move to Greece.
