The Cost Of Living In Greece

The cost of living in Greece is considerable lower than in most other EU countries, but it offers a good standard of living and a wonderful quality of life. Studies indicate that the cost of living in Greece is about 30% lower than Cyprus' and Cyprus' is 30% lower than Spain and Portugal. Over and above the lower cost of living, those who purchase property in Greece will be amazed by how inexpensive houses are. In addition the Greeks have a very low crime rate, low pollution, and plenty of sunshine.

Annual Income

A couple living permently in Greece can expect to require an annual income of around £10,000 (14,000 Euro). Example;

House running costs + food.....................................£4816
Two people eating out twice per week..................£1664
Garden maintenance................................................ £984
Car insurance.......................................................... £310
Petrol 5,000 miles per year at £2.25p per G............ £360
Return trip to the UK................................................£600
Contingency fund.....................................................£1266
Total per year......................................................£10,000

Food Prices
Prices have risen quite steeply since the introduction of the Euro in 2002, but locally grown produce is cheap when in season. Imported and processed foods are often highly priced.

Furniture/Appliances
To give you an idea of the price of furniture and kitchen appliances, here are some examples for a typical starter package;
Electric cooker...............................................£350
Fridge freezer................................................£350
1 x double bed................................................£275
2 x single beds...............................................£350
Dinning table & 4 x chairs............................£350
Three piece suit (1 x sofa 2 armchairs)......£730
Patio furniture (plastic table & 4 chairs.......£90
TOTAL COST..............................................£2586