Cost of living in Mykonos (Mikonos)
Mykonos, a picturesque island in Greece, is renowned for its vibrant nightlife and stunning beaches. Understanding the cost of living here is crucial for both residents and visitors.
This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, 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 $12.56 on average, with a range between $4.4 and $26.16.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $47.09, with prices ranging from $41.86 to $156.97.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $7.61, with a range between $7.61 and $10.46.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.66 to $18.84, imported beer $3.66 to $6.28, cappuccino $2.09 to $6.28, and Coke/Pepsi $1.26 to $3.66.
Grocery Prices
- Milk - Milk is priced between $1.15 and $2.62 per liter, averaging $1.83.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.78 and $2.09, with an average price of $1.36.
- Eggs (Dozen) - A dozen eggs range from $2.76 to $5.55, averaging $4.76.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.73 to $2.62 per kg, while oranges range from $1.05 to $2.09 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.84 and $1.57 per kg, and lettuce costs $0.63 to $1.05 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.88.
- Fuel (Gasoline) - Gasoline is priced between $1.88 and $2.15 per liter.
- Taxi Fares - Taxi fares start at $4.19, with a cost of $0.84 to $1.05 per km and $10.46 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $2092.94.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1046.47.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $124.53 and $313.94, averaging $185.36.
- Internet - Internet services range from $27.21 to $50.23, with an average cost of $35.28.
Cost of Living Rankings
The cost of living indices for Greece 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 Greece, 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
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Mykonos offers a diverse range of dining options, from affordable meals to high-end restaurants, catering to various budgets.
Grocery prices are relatively moderate, with essentials like milk and bread being reasonably priced.
Transportation costs are manageable, with affordable public transport and taxi services.
Housing in Mykonos can be expensive, especially in the city centre, making it crucial to budget accordingly.
Utilities and internet services are moderately priced, contributing to the overall cost of living.
Conclusion
Living in Mykonos, Greece, presents a unique blend of affordability and luxury, with costs varying significantly across different categories.
While dining and transportation are relatively affordable, housing remains a significant expense, particularly in central areas.
Prospective residents should consider these factors when planning their move to this beautiful island.