MigrantoCost of living in Cyprus
What a month costs, how prices compare with other countries, and where the money goes
Monthly cost in Cyprus
Spending runs from €574 a month in the poorest fifth to €2,710 in the richest
Per person, whole country
€1,130
what a typical person spends in a month
Spending across the population
€574richest 20%
€2,710
Where people spend money in Cyprus
One person's out-of-pocket spending, averaged across the whole country
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Key facts
The cost of living in Cyprus in numbers
Dining out takes an unusual share of the budget
It absorbs 17.3% of spending here, or €195 a month, against 7.1% in a typical country, 10.2 points more.
Typical spending takes 49% of the average wage
A typical person spends €1,130 a month while the average take-home wage is €2,290, so 51% of an average wage sits above what a typical person spends.
How living costs in Cyprus compare
Neighbours, region and the world on the same monthly figure
What things cost here
How much the same goods and services cost in Cyprus against other countries
More expensive than 76% of countries
Where Cyprus sits when every country is lined up from cheapest to most expensive
Pakistanmost expensive
Bermuda
middle
A basket of goods and services that costs €865 at world-middle prices costs €1,230 here.
Data source: household consumption 2024 (World Bank), International Comparison Program 2021 (World Bank), category breakdown 2022 (Eurostat), adjusted to 2026 using IMF GDP-per-capita growth
Living-cost calculator
What it costs to live in Cyprus
Tell us what you earn and spend today — we'll estimate what the same lifestyle would cost in Cyprus and how much you could have left each month
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- How much could be left each month
- How it compares with today
Cost of living in Cyprus
€574/mo
vs €692 in your country
Take-home
€1,430
vs €1,040 in your country
Potential savings
€857
more than in your country
Standard of living
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Frequently asked questions
What is the cost of living in Cyprus?
A typical person in Cyprus spends about €1,130 a month — around €13,500 a year — on housing, groceries, transport and other everyday costs. It's a nationwide average across different regions, cities and types of housing.
What is the standard of living in Cyprus?
By spending, Cyprus ranks #40 of 185 countries. A typical person spends about €1,130 a month, the poorest 20% about €574 and the richest 20% about €2,710. The gap between them shows how unevenly people live.
What is the cost of living in Cyprus in US dollars?
The cost of living in Cyprus is about $1,304 a month, or roughly $15,648 a year per person.
How much money do you need to live comfortably in Cyprus?
It all depends on your standard of living. A modest budget runs about €574 a month per person, a typical one around €1,130, and a comfortable life around €1,450. In big cities and for a family, costs are usually higher.
What do people spend the most on in Cyprus?
The biggest expense is dining out, at about €195 a month (17% of spending). Then come housing (€189, 17%) and groceries (€147, 13%).
Is the average salary in Cyprus enough to live on?
Yes, with room to spare. Average spending is about €1,130 a month, while the average take-home pay in Cyprus is about €2,290. For more on incomes, see salaries in Cyprus.
Is Cyprus an expensive country to live in?
Yes. Cyprus is more expensive than 79% of countries worldwide and ranks 3rd of 17 in the Middle East by cost of living.
What currency is used in Cyprus?
Cyprus uses the Euro (EUR). Amounts on this page are shown in it; the currency switcher converts them.
Where to live?
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Living in Cyprus
See the full country overview