Cost of Living in Cyprus
This page gives sample prices for food, rent and utilities. It also gives a rough monthly budget to help you plan.
Why Cyprus Continues to Attract International Residents
Cyprus is a Mediterranean island and a full member of the European Union. It has been an independent state since 1960. The Mediterranean lifestyle, more than 340 sunny days a year, and a special natural environment attract more than three million tourists every year. Cyprus is also seen as one of the safer countries in the world, and it usually ranks well in international crime statistics.
Cyprus has got it all: safety, friendly people, a relaxed vibe, modern infrastructure, an economy that's steadily improving, and a favourable tax environment. Since 2015, these things have helped the resident population grow from around 700,000 to more than 1,100,000 today. Most of this growth is due to the influx of people moving to Cyprus from other countries..
General Cost of Living in Cyprus
The cost of living in Cyprus sits around the European average. Rent, utilities, local food, fuel and insurance are usually quite affordable. Some imported goods can cost more than the European average. All figures below are a rough guide.
Sample prices for food and drink (as of May 2026)*
| Restaurant — budget restaurant | from EUR 12.00 |
| Restaurant — upscale dining | from EUR 20.00 - 30.00 |
| Café — cappuccino | from EUR 3.00 - 4.00 |
| Milk (1 litre) | EUR 1.30 |
| White bread | EUR 1.20 |
| Eggs (12) | EUR 3.50 |
| Chicken breast fillet (1 kg) | EUR 7.50 |
| Beef (1 kg) | EUR 15.00 |
| Apples (1 kg) | EUR 2.50 |
| Bananas (1 kg) | EUR 1.80 |
| Oranges (1 kg) / Tomatoes (1 kg) | EUR 1.60 |
| Lettuce (1 head) | EUR 0.75 |
| Water (1.5 litre bottle) | EUR 0.70 |
| Bottle of wine (mid-range) | EUR 7.00 |
| Local beer (0.5 litre bottle) | EUR 1.50 |
Average rental prices in Larnaca and surroundings (as of May 2026)*
| Furnished 2-bedroom apartment | from EUR 750.00 base rent per month |
| Unfurnished 3-bedroom apartment | from EUR 950.00 base rent per month |
| Office space (small office / business centre office) | from EUR 350.00 base rent per month |
| Office space (independent commercial office) | from EUR 600.00 base rent per month |
Utility costs (water and electricity, as of May 2026)*
| Water consumption per m³ | approx. EUR 1.00 – 1.50 |
| Electricity consumption per kWh | approx. EUR 0.25 – 0.35 |
| Average utility costs for a 2-bedroom apartment | EUR 100.00 – 200.00 per month |
| Average utility costs for a family home | EUR 150.00 – 350.00 per month |
Monthly Cost of Living in Cyprus
As a rough guide, a single person should plan for at least EUR 1100 per month for general living costs in Cyprus, with rent and utilities on top. Couples and families need more. Many professionals who work from Cyprus find that they get good value for each euro spent, compared with most other European cities.
Despite recent inflation, Cyprus continues to offer an attractive balance between quality of life and cost of living. Many professionals, entrepreneurs and retirees find that their spending power remains significantly stronger than in many major European cities, particularly when combined with the island's favourable climate, relaxed lifestyle and attractive tax framework.
* All figures on this page are a rough guide. Prices in Cyprus may vary by region, season and supplier.
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