Cost of Living in Cyprus 2026 — Rent, Food, Tax & BudgetMonthly Living Costs in Cyprus
Average prices from our cost dataset, re-checked on a rolling basis:
1BR Rent
per month, city average
3BR Rent
per month, city average
Groceries
per month, single person
Transport
per month, public transit pass
Utilities
per month, basic apartment
Meal Out
typical price per meal
Monthly budget (single person): €1,170 (1-bedroom rent + groceries + transport + utilities)
Monthly budget (couple): €1,495 (shared 1-bedroom rent, two of everything else)
These are national averages — actual costs vary by city and lifestyle.
How Expensive Is Cyprus Overall?
| Indicator | Value |
|---|---|
| Cost-of-living index (market data; higher = more expensive) | 68.7 |
| Rent index | 26.9 |
| Groceries index | 54.5 |
| Restaurant price index | 60.9 |
| Local purchasing-power index (higher = stronger) | 87.7 |
| Price level index (World Bank, 2024; US = 100) | 61.4 |
| Property price-to-income ratio | 8.1 |
Salaries by Sector
Typical gross annual salaries in Cyprus from our sector dataset:
| Sector | Typical gross annual (EUR) |
|---|---|
| IT & Software | €42,000 |
| Finance | €38,000 |
| Engineering | €35,000 |
| Healthcare | €31,000 |
| Construction | €27,000 |
| Education | €26,000 |
| Retail | €19,000 |
| Hospitality | €18,000 |
Taxes in Cyprus
Headline tax figures that shape your take-home pay:
| Tax | Rate / amount |
|---|---|
| Effective income tax at €90k gross | 15.1% |
| Net monthly pay at €90k gross | €5,660 |
| VAT / sales tax | 19% |
| Top personal income-tax rate | 35% |
Worked example: on a €90,000 gross salary, net pay is about €5,660 per month. After rent and essentials (€1,170), roughly €4,490 per month is left for savings and discretionary spending.
How Cyprus Compares to Its Neighbours
| Country | 1BR Rent | Groceries | Transport | Cost index |
|---|---|---|---|---|
| Cyprus | €750 | €280 | €45 | 68.7 |
| Italy | €729 | €309 | €35 | 72.7 |
| Spain | €895 | €207 | €54 | 68.4 |
| Portugal | €907 | €185 | €40 | 65 |
Quality of Life Metrics
Beyond cost, these factors shape everyday life in Cyprus:
Safety index
Healthcare index
Internet speed
English proficiency
Life expectancy
Expat satisfaction
What It Costs to Get In: Visas & Residence
We track 37 residence and visa routes for Cyprus — see the full Cyprus visa programme list.
Lowest documented income requirement among tracked routes: €130 per month — Startup Visa (investor route). Requirements change; always confirm on the official page before applying.
Our engine estimates a minimum financial viability of €1,170 per month to sustain a move to Cyprus.
Frequently Asked Questions
Is Cyprus expensive?
Cyprus has a cost-of-living index of 68.7 (higher = more expensive). A 1-bedroom apartment averages €750 per month and a single person spends about €1,170 per month on rent plus essentials.
How much money do I need per month in Cyprus?
About €1,170 per month covers rent and essentials for a single person (1-bedroom rent + groceries + transport + utilities). A couple sharing a 1-bedroom apartment needs about €1,495 per month.
What is the average rent in Cyprus?
A 1-bedroom apartment averages €750 per month and a 3-bedroom apartment averages €1,200 per month in Cyprus. Prices vary significantly between city centres and smaller towns.
What do people earn in Cyprus?
Typical gross annual salaries in Cyprus range from €18,000 (Hospitality) to €42,000 (IT & Software), based on our sector dataset.
Which residence route has the lowest income requirement for Cyprus?
Among the 37 Cyprus residence routes we track, the lowest documented income requirement is €130 per month (Startup Visa). Requirements change; always confirm on the official page before applying.
Ready for the next step? See the full Cyprus country profile and the Cyprus emigration guide.
Still shortlisting? Compare against our data-driven ranking of the best countries to move to in 2026.
Is Cyprus a fit for your profile?
Get a personalised assessment — income, savings, profession, and family — in 3 minutes.
Get Your Free Verdict