Cost of Living in Cyprus

The cost of living in Cyprus offers an enviable island lifestyle at prices that make it an appealing destination for expats, particularly for retirees looking to make their pensions stretch.

The cost of living in Cyprus sits roughly 20 percent below US levels and matches countries such as Bulgaria. Accommodation in Cyprus costs less than in most European countries, but you’ll likely need a car to get around the island reliably. This and international school fees often rank as your biggest expenses while living in Cyprus.

Cost of accommodation in Cyprus

The cost of accommodation in Cyprus highlights one of the main benefits of island life: affordable housing. There’s a wide range of options, leaving you with plenty of choices regarding the size, style, and budget bracket of your ideal Cyprus home. From affordable apartments to mid-range traditional houses and sumptuous villas, the market caters to all budget levels.

You should also budget for utility costs like electricity, water, refuse removal, and WiFi. Rents have climbed steadily, with a 10.5 percent increase for apartments in 2024 alone.

Accommodation in Cyprus

Cost of transport in Cyprus

With no rail network, buses remain your primary option for public transport in Cyprus. Although relatively inexpensive, the availability and reliability of buses vary significantly by region.

Some areas may have more frequent services and better connections, while others suffer from limited options. Due to these inconsistencies, most expats find purchasing a car the most practical solution, giving you the freedom to navigate the island at your own pace. Car-sharing services like RideNow now offer an alternative if you prefer not to own a vehicle outright.

Public Transport in Cyprus

Cost of groceries in Cyprus

The cost of groceries in Cyprus, especially fresh fruit and meat, runs about 20 percent cheaper than UK prices. Restaurant meals are generally more affordable too, but you’ll find the biggest savings at local markets and shops.

Shop for seasonal produce to maximise your savings, as prices can spike massively during off-seasons. Savvy expats recommend checking out ethnic shops or crossing to Northern Cyprus for even lower prices. Online grocery delivery is gaining ground, with services like SupermarketCy and Fetch now offering same-day options to your door.

Cost of entertainment and eating out in Cyprus

The entertainment options in Cyprus cater for all sorts of interests and budgets. The island serves up a lively social scene with plenty of bars, clubs, and restaurants for enjoyable evenings out. Although tourist hotspots charge premium prices, you’ll easily find wallet-friendly alternatives away from the main strips.

Cyprus offers spectacular beaches, hiking trails, and historic sites, so outdoor activities cost next to nothing. Highlights like the Avakas Gorge and Lara Bay Turtle Conservation Station let you enjoy the island’s natural beauty without emptying your wallet.

For dining out in Cyprus, you’ll find options spanning all tastes and budgets. The mix of Greek, European, and Middle Eastern cooking traditions gives you plenty to sample. Mid-range restaurants showcase fresh local ingredients and traditional methods, while high-end establishments offer premium dining experiences in elegant settings.

Cost of education in Cyprus

The cost of education in Cyprus varies greatly between free public schools and fee-charging private institutions. Public schools in Cyprus charge no fees, with Greek being the primary language of instruction. If you’re going the public school route, you should carefully research the quality of individual schools before enrolling your children. Factors to consider include the school’s curriculum, teaching methods, facilities and overall reputation.

If you prefer an English-medium education for your children, you’ll likely opt for one of the international or private schools, which follow either the British curriculum or the International Baccalaureate. Costs at international schools are significantly higher than other private and public institutions. Plan for additional expenses beyond tuition, including registration fees, books, uniforms, and school transport.

Expat relocation packages sometimes include provisions for children’s education, so try to negotiate these benefits with your employer if they’re not already included.

Education and Schools in Cyprus

Cost of healthcare in Cyprus

Healthcare in Cyprus consists of both public and private sectors of similar size, both providing a relatively high standard of care. As a permanent resident, you can access free or subsidised healthcare through the General Healthcare System (GeSY), introduced in 2019 to provide universal coverage. Waiting times for non-emergency procedures or specialist appointments in the public sector can sometimes be lengthy, which might prompt you to opt for private healthcare.

If you’re looking for more flexible options and extra coverage, consider private health insurance. Several international providers are available that offer policies specifically designed for expats living in Cyprus. Compare their plans thoroughly, taking note of the coverage, premiums and potential exclusions before deciding on the most suitable option for your individual needs and budget constraints. Remember to maintain your residency status with at least one visit to Cyprus every two years to keep your healthcare benefits.

Healthcare and Medical Insurance in Cyprus