Living costs in Greece are fairly low, though it does vary significantly depending on location.The mainland is generally cheaper than the Greek islands when it comes to fuel and certain basic goods. The countryside is cheaper than cities, but there is a much smaller range of products and services.
Those looking to live in the capital should know that is the most expensive part of Greece. In Mercer's 2020 Cost of Living Survey, Athens was ranked 138th out of 209 cities worldwide. Though pricey in relation to other Greek cities, Athens is still far cheaper than other European capitals such as London, Paris and Milan.
Cost of accommodation in Greece
Those looking for a home in Greece will find this to be the highest cost they'll have to bear, whether they decide to rent or buy. Still, accommodation prices in Greece are fairly low, despite increasing in recent years.
For those who have funds available, it's worth mentioning that foreigners who invest a certain amount of money in Greek property gain the right to apply for residency.
Cost of transportation in Greece
Driving in Greece is notorious for being somewhere between challenging and perilous. For expats who do intend on driving their own vehicles, car insurance is a must. In the case of hiring a car in Greece, it is important to check what kind of insurance is on offer, as the costs of hiring a vehicle can be high.
The alternative is public transport. Most people who take public transport in Greece take a bus, or in Athens, the metro. Prices are reasonable but buses can be a slow way to travel.
Cost of education in Greece
Public education in Greece is conducted in Greek. In light of this, expats who are not staying for the long-term often send their children to private English-speaking international schools. However, local Greek schools can be ideal for expats intending to remain in the country for the long term.
Private schools in Greece cost more than public schools but some provide education in English. 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 in Athens in November 2020.
Accommodation (monthly rent) |
|
One-bedroom apartment in city centre |
EUR 400 - 500 |
One-bedroom apartment outside of city centre |
EUR 300 - 400 |
Three-bedroom apartment in city centre |
EUR 700 - 800 |
Three-bedroom apartment outside of city centre |
EUR 500 - 600 |
Shopping |
|
Eggs (dozen) |
EUR 3.20 |
Milk (1 litre) |
EUR 1.30 |
Rice (1kg) |
EUR 1.80 |
Loaf of white bread |
EUR 0.80 |
Chicken breasts (1kg) |
EUR 7 |
Pack of cigarettes (Marlboro) |
EUR 4.60 |
Eating out |
|
Big Mac Meal |
EUR 7 |
Coca-Cola (330ml) |
EUR 1.70 |
Cappuccino |
EUR 3.50 |
Bottle of local beer |
EUR 4 |
Three-course meal for two at a mid-range restaurant |
EUR 40 |
Utilities/household |
|
Mobile-to-mobile call rate (per minute) |
EUR 0.40 |
Internet (uncapped ADSL or cable – average per month) |
EUR 30 |
Basic utilities (per month for small apartment) |
EUR 110 |
Transportation |
|
Taxi rate (per kilometre) |
EUR 0.80 |
Bus/train fare in the city centre |
EUR 1.40 |
Petrol/gasoline (per litre) |
EUR 1.55 |
Further reading
►For more on navigating the Greek economy, have a look at Banking, Money and Taxes in Greece
Expat Experiences
"Carrefour supermarket is cheaper, and every week in some neighbourhood in Athens there’ll be a Farmers Market where you can buy all your vegetables, eggs and even underwear cheaply." Bex shares her experiences in her expat interview about Greece.
"The farmer’s markets are cost-friendly and good for you! I think the biggest difference is the cost of electricity and gas, which are more expensive in Greece." Read more of Marissa's expat experience in Greece.
Are you an expat living in Greece?
Expat Arrivals is looking for locals to contribute to this guide, and answer forum questions from others planning their move to Greece. Please contact us if you'd like to contribute.
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