🇨🇾 Cost of Living in Cyprus - Prices & Budget Guide
Last updated: February 2026
Verified Facts
Official NameRepublic of Cyprus
CapitalNicosia
Population1.4 million
Area9,251 km² (3,572 sq mi)
LanguagesGreek, Turkish
Currencyeuro (€)
TimezoneUTC+02:00
RegionEurope / Southern Europe
Drives onLeft
Source: REST Countries API
Economic Indicators
GDP per Capita (PPP)$62,312 (2024)
Inflation Rate1.8% (2024)
Health Spend per Capita$2,899 (2023)
Out-of-Pocket Health Spend17.9% (2023)
Education Spend (% GDP)4.7% (2022)
Source: World Bank Open Data
Quick Facts
Cost LevelModerate
Daily Budget (Backpacker)$60-100 USD
Daily Budget (Mid-Range)$100-200 USD
Daily Budget (Comfort)$200-350 USD
CurrencyEUR
Tipping Customnot expected, but 5-10% in tourist areas
How Expensive Is Cyprus?
Cyprus is a moderate to expensive country to live in or visit, with prices comparable to other European destinations. The cost of living in Cyprus is higher than in some of its neighboring countries, such as Turkey, but lower than in Western European countries like Greece. Overall, Cyprus offers a good balance between quality of life and affordability, making it an attractive destination for tourists and expats alike. The country's unique blend of Greek and Turkish cultures, beautiful beaches, and rich history make it a popular destination, and its relatively low cost of living compared to other European countries makes it an attractive option for those looking to relocate.
The cost of living in Cyprus can vary depending on the location, with cities like Nicosia and Limassol tend to be more expensive than smaller towns and rural areas. However, overall, Cyprus is a great value destination, offering a high quality of life at a relatively affordable price. Visitors can enjoy a wide range of activities, from swimming and sunbathing to hiking and exploring the country's rich cultural heritage, without breaking the bank.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$20-40
Basic rooms and dorms, often with shared facilities
Mid-Range Hotel
$60-120
Comfortable rooms with private bathrooms, often with breakfast included
Luxury/Resort
$150-300
High-end hotels and resorts, often with amenities like pools and spas
Apartment Rent (monthly)
$400-800
City center apartments, with prices varying depending on size and amenities
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$5-10
Casual Restaurant
$15-30
Mid-Range Restaurant (2 people)
$30-60
Fine Dining
$60-100
Beer (local)
$3-5
Coffee
$2-4
Water (1.5L bottle)
$1-2
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$1-2
Taxi (per km)
$1-2
Domestic flight
$50-100
Fuel (per liter)
$1.50-2.50
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
400
600
1000
Food
300
500
800
Transport
100
200
300
Utilities
100
150
250
Entertainment
200
300
500
Total
1100
1850
2850
Money-Saving Tips
Consider visiting Cyprus during the off-season (April-May or September-October) to avoid high prices and crowds.
Look for apartments or rooms outside of city centers to save on accommodation costs.
Eat at local tavernas and restaurants, which often offer traditional Cypriot cuisine at affordable prices.
Use public transportation, which is efficient and affordable, instead of taxis or rental cars.
Take advantage of free or low-cost activities, such as visiting beaches, hiking, or exploring historic sites.
Shop at local markets or supermarkets for groceries and other essentials, rather than relying on tourist-oriented stores.