Comparing The Cost of Living: Greece vs. the U.S
Learn moreNovember 6, 2024
Compared to most European countries, the cost of living in Greece is quite affordable. Although the salaries are lower compared to those in the rest of Europe, living in Greece offers a superb quality of life. Expats who are moving to Greece often celebrate the seemingly limitless sunshine, delicious food, and endless activities for all types of people. In particular, the relatively low cost of living stands out as a key advantage.
Rental and housing prices are fairly affordable in Greece. Although prices have steadily increased over the last few years due to the rise of Airbnb, you can still find an affordable place to live. For monthly rent, expect to pay between €400-€700 for a one-bedroom apartment, or €250-€350 if it’s in a shared apartment. For a two or three-bedroom apartment, this ranges from €600-€1,200. The average property price for an apartment in the center of Athens varies between €1,500-€4,000 per m², while apartments outside the city center range between €900-€2,500 per m².
Whether living in Greece for a short stay or long-term, accommodation costs are manageable for many expats.
While Athens is the bustling heart of living in Greece, some expats prefer the quieter suburban life. Areas like Marousi and Kifisia offer a more serene atmosphere, or you can explore the southern suburbs near the sea, like Glyfada. Though these areas may come with slightly higher living costs, they offer a balance of affordability and tranquility, especially for those moving to Greece with families.
For more information about the different neighborhoods are like in Athens, read our guide on the 7 Best Neighborhoods to Live in Athens.
The monthly fee for the internet is around €30-32. For an 80m² apartment, expect to pay between €150-300 for utilities, such as electricity, gas, and water. This cost varies based on the size of your home, the season, and your usage. These utility prices contribute to the generally low cost of living in Greece.
Greek cuisine, which is renowned worldwide, significantly contributes to the high quality of life. Beyond the affordability of groceries, dining out is a treat without spending an arm and a leg. Traditional tavernas and restaurants offer mouthwatering dishes like moussaka, souvlaki, and baklava.
A meal at a local restaurant could cost as little as €10 per person, allowing you to indulge in the vibrant food culture without straining your budget.
Food in Greece is generally high quality; produce is fresh, and ingredients taste fantastic even with minimal seasoning. Although supermarket prices have increased due to inflation, outdoor markets, known as "Laïkis," offer affordable fruits and vegetables in bulk for just a few euros. Here are some average prices for basic items:
For those moving to Greece as expats, paying your EFKA or monthly contributions grants you free access to public healthcare. You'll need an AMKA (social security number) to access these services. While public healthcare is reliable, expats often choose private healthcare for shorter waiting times and English-speaking staff. The average family doctor check-up without insurance costs around €40.
To understand what EFKA means, read our article, What Is EFKA? and for obtaining an AMKA number, read our guide to understand your eligibility and the process.
Public transportation in Greece is also relatively affordable. A 10-minute cab ride costs around €6-8, a single metro ticket is €1.20, and a monthly metro pass in central Athens is €25. These low costs of transportation contribute to the overall affordability of living in Greece.
Commuting to the islands is a must for many expats enjoying life in Greece. There are two main ways to reach these destinations: by ferry or by plane. Ferry rides to the Greek islands are reasonably priced, with one-way tickets averaging €50, while high-speed ferries are pricier but faster. In some cases, flights to the islands can be cheaper than ferries, such as a €48 round-trip to Mykonos from Athens. These options make traveling while living in Greece more accessible.
Some of the best ferry providers are SeaJet and Aegan Sea Lines.
Beyond the stunning beaches, Greece offers various recreational activities. The entrance to historical museums and theaters averages €5, with some sites offering free admission. Visiting iconic places like the Acropolis Museum costs €10, with discounts for younger visitors. Cultural sites and events add significant value to living in Greece.
While the cost of living in Greece may seem low compared to other European countries, personal expenses vary by lifestyle, location, and preferences. Certain neighborhoods, like the northern suburbs of Athens (Marousi and Kifisia), have more upscale stores, raising the cost of living slightly. However, moving to Greece can be rewarding, providing a lifestyle that is both enriching and budget-friendly.
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