Cost of living in Nicosia
Nicosia, the capital city of Cyprus, offers a unique blend of cultural heritage and modern living. Understanding the cost of living in Nicosia is crucial for anyone considering moving to or residing in this vibrant city.
This guide provides a detailed breakdown of various expenses, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $10.54 on average, with a range between $7.9 and $15.8.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $63.22, with prices ranging from $52.68 to $84.29.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $7.64, with a range between $7.38 and $8.43.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.63 to $6.32, imported beer $4.21 to $6.32, cappuccino $2.11 to $4.74, and Coke/Pepsi $1.05 to $2.11.
Grocery Prices
- Milk - Milk is priced between $1.26 and $3.06 per liter, averaging $1.85.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.26 and $2.42, with an average price of $1.75.
- Eggs (Dozen) - A dozen eggs range from $2.53 to $5.27, averaging $3.8.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.9 to $3.16 per kg, while oranges range from $0.84 to $4.2 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.53 and $1.58 per kg, and lettuce costs $0.37 to $1.05 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.11 and $2.53, with a monthly pass priced between $42.15 and $52.68.
- Fuel (Gasoline) - Gasoline is priced between $1.43 and $1.58 per liter.
- Taxi Fares - Taxi fares start at $2.63, with a cost of $1.05 to $1.58 per km and $42.15 to $73.76 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $558.44 to $842.93, averaging $702.27.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $453.08 to $842.93, averaging $553.79.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $927.22 to $2107.33, averaging $1359.81.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $821.86 to $1580.5, averaging $1076.96.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2001.96 to $3687.82, averaging $2664.27.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $1475.13 to $2634.16, averaging $1896.6.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $119.42 and $421.47, averaging $194.97.
- Internet - Internet services range from $21.07 to $63.22, with an average cost of $30.49.
Cost of Living Rankings
Nicosia ranks 2nd on the Cost of Living rankings in Cyprus. The cost of living indices for Cyprus are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Cyprus, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Nicosia offers a relatively affordable cost of living compared to other European capitals, with moderate prices in dining and housing.
Transportation costs are reasonable, with affordable public transport options and competitive fuel prices.
Grocery prices are varied, with some items like milk and bread being more expensive, while others like fruits and vegetables are quite affordable.
Conclusion
In conclusion, Nicosia presents a balanced cost of living, making it an attractive option for both expatriates and locals.
While some costs such as utilities and certain groceries can be on the higher side, the overall expenses remain manageable.
Prospective residents should consider their lifestyle preferences and budget accordingly to make the most of living in this vibrant city.