The Cost of Living in Greece: A Comprehensive Overview for Expats

Table of Contents

• Introduction
• Housing Costs in Greece
• Food and Grocery Expenses
• Transportation Costs
• Healthcare Expenses
• Utilities and Communication Costs
• Education Expenses
• Entertainment and Leisure Costs
• Taxes and Legal Considerations
• Comparison with Other European Countries
• Tips for Reducing Living Costs in Greece
• Conclusion
• FAQs

Introduction

Greece, with its rich history, stunning landscapes, and Mediterranean lifestyle, has long been a popular destination for expats seeking a change of pace and a high quality of life. However, before making the decision to relocate, it’s crucial to understand the cost of living in this beautiful country. This comprehensive guide will explore various aspects of expenses in Greece, providing valuable insights for those considering a move to the land of ancient mythology and modern charm.

The cost of living in Greece can vary significantly depending on factors such as location, lifestyle choices, and individual circumstances. While some areas, particularly in popular tourist destinations and large cities, can be relatively expensive, many regions offer a more affordable way of life compared to other European countries. This article will delve into the different components that contribute to the overall cost of living, helping you make an informed decision about your potential move to Greece.

Housing Costs in Greece

One of the most significant expenses for expats in any country is housing. In Greece, the cost of accommodation can vary widely depending on the location, type of property, and whether you choose to rent or buy.

Renting in Greece

Rental prices in Greece are generally lower than in many other European countries, especially outside of major cities and tourist hotspots. In Athens, the capital city, you can expect to pay around €400-€700 per month for a one-bedroom apartment in the city center, while a similar property in a less central area might cost €300-€500. In smaller cities or rural areas, prices can be even lower, with one-bedroom apartments available for as little as €200-€400 per month.

It’s worth noting that rental prices can increase significantly in popular tourist destinations, especially during the peak summer season. Islands like Mykonos or Santorini, for example, can command much higher rents than mainland locations.

Buying Property in Greece

For those considering a long-term stay, buying property in Greece can be an attractive option. Property prices have been relatively low in recent years, making it a potentially good investment. In Athens, you can expect to pay around €1,500-€3,000 per square meter for an apartment in the city center, while prices in less central areas can range from €1,000-€2,000 per square meter.

Keep in mind that non-EU citizens may face some restrictions when buying property in Greece, particularly in border areas or on certain islands. It’s essential to consult with a local lawyer and real estate agent to navigate the purchasing process and understand any legal requirements.

Food and Grocery Expenses

Greek cuisine is renowned worldwide for its delicious and healthy ingredients, and food expenses can be quite reasonable, especially if you embrace the local diet and shopping habits.

Grocery Costs

Local markets and supermarkets offer a wide variety of fresh produce, meats, and other essentials at affordable prices. On average, a single person might spend around €200-€300 per month on groceries, while a family of four could expect to spend €600-€800. These estimates can vary based on dietary preferences and shopping habits.

Some typical grocery prices in Greece include:

• 1 liter of milk: €1.20
• 1 kg of local cheese: €8-€12
• 1 kg of tomatoes: €1.50-€2.50
• 1 kg of chicken breasts: €6-€8
• 500g of bread: €0.80-€1.50

Dining Out

Eating out in Greece can be relatively inexpensive, especially if you opt for local tavernas and avoid tourist-heavy areas. A meal at an inexpensive restaurant might cost around €10-€15 per person, while a three-course meal for two at a mid-range restaurant could be approximately €40-€60.

Coffee culture is also prominent in Greece, with a cappuccino in a café costing around €3-€4. The famous Greek frappe (iced coffee) is a popular and refreshing option, especially during the hot summer months.

Transportation Costs

Getting around in Greece can be relatively affordable, with various options available depending on your location and preferences.

Public Transportation

Major cities like Athens and Thessaloniki have well-developed public transportation systems, including buses, trams, and metro (in Athens). A single ticket for public transport in Athens costs around €1.40 and is valid for 90 minutes. Monthly passes are available for approximately €30, offering unlimited travel on all public transport modes within the city.

In smaller cities and towns, buses are the primary form of public transportation, with ticket prices varying but generally remaining affordable.

Car Ownership and Fuel Costs

If you prefer the flexibility of owning a car, keep in mind that purchase prices and running costs can be higher than in some other European countries due to import taxes. Fuel prices are also relatively high, with gasoline costing around €1.60-€1.80 per liter.

Car insurance is mandatory in Greece and can be expensive, especially for newer drivers or those without a Greek driving history. Annual road tax is based on the vehicle’s engine size and emissions, ranging from €22 for small, eco-friendly cars to over €1,000 for large, high-emission vehicles.

Taxis and Ride-sharing

Taxis are widely available in Greek cities and are generally affordable for short trips. The starting fare is usually around €3.50, with each kilometer costing approximately €1. Ride-sharing services like Uber are available in some areas, offering an alternative to traditional taxis.

Healthcare Expenses

Greece has a public healthcare system, the National Healthcare Service (ESY), which provides free or low-cost healthcare to residents. However, many expats choose to supplement this with private health insurance for faster access to specialists and private hospitals.

Public Healthcare

If you’re employed in Greece or pay into the social security system, you’ll be eligible for public healthcare. While the quality of care can be good, public hospitals may have longer waiting times and fewer English-speaking staff compared to private facilities.

Private Healthcare

Private health insurance costs vary depending on age, coverage, and individual health factors. On average, you might expect to pay €50-€150 per month for a comprehensive private health insurance plan. Private doctor’s visits typically cost around €40-€60, while specialist consultations can range from €60-€100.

Prescription Medications

Prescription medications in Greece are generally affordable, with the public healthcare system covering a significant portion of the cost for those enrolled. Over-the-counter medications are readily available at pharmacies throughout the country.

Utilities and Communication Costs

Utility costs in Greece can vary depending on the size of your home, usage habits, and location. Communication expenses are generally reasonable, with various options available for internet and mobile phone services.

Utilities

For a typical apartment (85m²), you can expect to pay around €100-€150 per month for basic utilities, including electricity, heating, cooling, water, and garbage disposal. Electricity costs have been rising in recent years, so it’s worth considering energy-efficient appliances and habits to keep bills manageable.

Heating costs can be significant during the winter months, especially in older buildings with poor insulation. Many Greek homes use electric heaters or air conditioning units for heating, which can lead to higher electricity bills during colder periods.

Internet and Mobile Phone

Internet services in Greece are reasonably priced, with a basic broadband package (24 Mbps) costing around €20-€30 per month. Faster connections (100 Mbps or more) are available in many areas for €30-€50 per month.

Mobile phone plans with data packages typically range from €15-€40 per month, depending on the amount of data and call minutes included. Pay-as-you-go options are also available for those who prefer more flexibility.

Education Expenses

For expats with children, understanding the education options and associated costs is crucial when considering a move to Greece.

Public Education

Public education in Greece is free for all children, including those of expats residing in the country. However, classes are primarily taught in Greek, which may be challenging for non-Greek speaking students. Some public schools offer additional support for foreign students to help them integrate and learn the language.

Private and International Schools

Many expat families opt for private or international schools, which often offer curricula in English or other languages. These schools can be expensive, with annual tuition fees ranging from €6,000 to €15,000 or more, depending on the school and grade level.

In addition to tuition, you may need to budget for other expenses such as uniforms, books, and extracurricular activities, which can add several hundred euros to the annual cost.

Entertainment and Leisure Costs

Greece offers a wealth of entertainment and leisure options, from its world-renowned historical sites to beautiful beaches and vibrant nightlife. The cost of enjoying these activities can vary widely depending on your preferences and location.

Cultural Activities

Many museums and archaeological sites offer discounted or free admission for EU citizens and students. For others, entrance fees typically range from €5 to €20. The Acropolis in Athens, for example, charges €20 for adults during the summer season (April to October) and €10 during the winter months.

Cinema tickets cost around €7-€10, while theatre performances and concerts can range from €15 to €100 or more, depending on the event and venue.

Outdoor Activities

Greece’s beautiful coastline and numerous islands offer plenty of opportunities for beach activities and water sports. Many beaches are free to access, though some organized beaches may charge a small fee for sunbeds and umbrellas (typically €5-€10 per day).

Hiking and exploring nature are popular and often free activities, with numerous trails available throughout the country. For more adventurous pursuits like scuba diving or sailing, you can expect to pay €50-€100 or more per session or day trip.

Nightlife and Socializing

The cost of nightlife in Greece can vary significantly depending on the location and venue. In tourist areas and upscale neighborhoods, cocktails might cost €8-€12, while in more local establishments, you can find drinks for €4-€6. A beer in a bar typically costs €3-€5.

Many Greeks enjoy socializing over coffee or meals, which can be a relatively affordable way to spend time with friends. As mentioned earlier, a coffee in a café costs around €3-€4, while sharing mezedes (small plates) at a taverna can be an economical way to enjoy a night out.

Taxes and Legal Considerations

Understanding the tax system and legal requirements for living in Greece is essential for expats planning a long-term stay.

Income Tax

Greece has a progressive income tax system, with rates ranging from 9% to 44% depending on your income level. The tax-free threshold is €8,636 per year. If you’re working in Greece or receiving pension income, you’ll likely need to file a tax return and pay taxes in the country.

Property Tax

If you own property in Greece, you’ll be subject to an annual property tax called ENFIA (Unified Property Tax). The amount varies based on the property’s value, location, and other factors. On average, you might expect to pay between €2 and €13 per square meter annually.

Residency Requirements

EU citizens can live and work in Greece without a visa, but they need to register with the local authorities if staying for more than three months. Non-EU citizens typically need to obtain a residence permit, which may require proof of sufficient income or funds to support themselves during their stay.

Comparison with Other European Countries

When considering the cost of living in Greece, it’s helpful to compare it with other European countries to get a better perspective.

Overall, Greece tends to be more affordable than many Western European countries, particularly when it comes to housing, food, and entertainment. For example, consumer prices in Athens are generally 30-40% lower than in cities like Paris, London, or Amsterdam.

However, it’s important to note that salaries in Greece are also generally lower than in many other European countries. This means that while everyday expenses may be more affordable, luxury items or imported goods can be relatively expensive compared to local incomes.

Compared to other Southern European countries like Spain or Portugal, the cost of living in Greece is relatively similar, though there can be significant variations depending on the specific location within each country.

Tips for Reducing Living Costs in Greece

If you’re looking to optimize your budget while living in Greece, consider the following tips:

1. Shop at local markets for fresh produce and groceries, which are often cheaper than supermarkets.
2. Embrace the local cuisine and seasonal ingredients, which are usually more affordable than imported foods.
3. Use public transportation or consider walking or cycling for short distances to save on transportation costs.
4. Take advantage of free or discounted admission days at museums and archaeological sites.
5. Consider living in a less touristy area to benefit from lower housing costs and everyday expenses.
6. Learn some basic Greek to help you navigate local markets and services more effectively.
7. Be mindful of energy consumption, especially during winter months, to keep utility bills in check.
8. Look for local events and festivals, which often offer free entertainment and cultural experiences.

Conclusion

The cost of living in Greece can offer a pleasant surprise for many expats, particularly those coming from more expensive countries. While certain aspects of life in Greece may require careful budgeting, the overall affordability, combined with the country’s rich culture, beautiful landscapes, and relaxed lifestyle, makes it an attractive destination for those seeking a change of pace.

As with any international move, it’s crucial to research thoroughly and consider your individual circumstances and preferences. The cost of living can vary significantly depending on your chosen location, lifestyle, and personal needs. By carefully planning your budget and embracing local customs and habits, you can enjoy a fulfilling and comfortable life in this beautiful Mediterranean country.

Whether you’re drawn to the bustling streets of Athens, the serene islands of the Aegean, or the historic towns of the mainland, Greece offers a diverse range of experiences and living options to suit various budgets and lifestyles. With its warm climate, rich history, and renowned hospitality, Greece continues to be a popular choice for expats looking to experience the best of Mediterranean living.

FAQs

1. Is it expensive to live in Greece compared to other European countries?

Generally, the cost of living in Greece is lower than in many Western European countries, especially when it comes to housing, food, and entertainment. However, it’s important to note that salaries in Greece are also typically lower, which can affect the overall affordability for expats.

2. What is the most expensive city to live in Greece?

Athens, the capital city, is generally considered the most expensive place to live in Greece. However, certain island destinations like Mykonos and Santorini can also be quite expensive, particularly during the peak tourist season.

3. Do I need to speak Greek to live comfortably in Greece?

While it’s possible to get by with English in many tourist areas and larger cities, learning some basic Greek can greatly enhance your experience and help you integrate into local communities. It can also be helpful for everyday tasks like shopping at local markets or dealing with utilities.

4. Are healthcare costs high for expats in Greece?

Public healthcare in Greece is generally affordable for those who contribute to the social security system. However, many expats choose to supplement this with private health insurance, which can range from €50 to €150 per month depending on coverage and individual factors.

5. What are the main factors that affect the cost of living in Greece?

The main factors influencing the cost of living in Greece include location (with cities and popular tourist destinations being more expensive), housing choices (renting vs. buying, apartment vs. house), lifestyle preferences, and individual circumstances such as healthcare needs and transportation choices.

Article reviewed by Enzo Almeida, Business Scaling Expert | Growth Strategist | Driving Expansion in Emerging Markets, on March 1, 2025