Cost of living in Santorini
Santorini, a picturesque island in Greece, is renowned for its stunning sunsets and vibrant culture. Understanding the cost of living here is crucial for both residents and visitors.
This guide provides a detailed breakdown of expenses in Santorini, 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 $17.79 on average, with a range between $7.12 and $26.16.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $81.73, with prices ranging from $41.86 to $104.65.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $14.65, with a range between $12.56 and $16.74.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5.23 to $8.37, imported beer $5.93 to $10.46, cappuccino $3.14 to $7.33, and Coke/Pepsi $2.56 to $4.19.
Grocery Prices
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs $1.31 on average.
- Eggs (Dozen) - A dozen eggs average $6.28.
- Local Cheese (1kg) - Local cheese is priced at $13.6 per kg.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.62 per kg, while oranges average $2.09 per kg.
- Vegetables (e.g., Potatoes, Tomatoes) - Potatoes and tomatoes are priced at $2.62 and $3.14 per kg, respectively.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $1.67 and $3.35.
- Fuel (Gasoline) - Gasoline is priced between $1.92 and $2.25 per liter.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $523.23 to $2092.94, averaging $1499.94.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $470.91 to $1046.47, averaging $715.09.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1046.47 to $1360.41, averaging $1203.44.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $889.5 to $1046.47, averaging $967.98.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $4709.11.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $3139.41.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $104.65 and $474.4, averaging $289.52.
- Internet - Internet services average $31.39.
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
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"Key Takeaways"
Santorini offers a unique blend of affordability and luxury, with dining and housing costs varying widely.
While dining can be expensive, especially in mid-range restaurants, there are affordable options available.
Housing costs are significant, particularly in the city centre, but more affordable options exist outside the centre.
Transportation and utilities are relatively affordable, making it easier to manage monthly expenses.
Conclusion
In conclusion, Santorini presents a diverse cost of living landscape, balancing between high-end and budget-friendly options.
Potential residents should consider their lifestyle preferences and budget constraints when planning to move to or visit Santorini.
With careful planning, one can enjoy the beauty and culture of Santorini without breaking the bank.