Greece has always drawn tourists and expatriates alike because of its fascinating history, breathtaking scenery, and vibrant culture. Although the nation has many advantages, like a stunning Mediterranean climate and delectable cuisine, one important aspect that attracts attention is the cost of living. This blog post will examine the various components of the cost of living in Greece, illuminating potential costs and offering advice for those thinking of relocating to or staying in this alluring Mediterranean country for an extended period of time.
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Why Choose to Study in Greece?
Greece is well-known for its beautiful islands, ancient buildings, and other tourist destinations. Greece is well-known among students looking to study abroad because of its economic and top-notch educational system, nice climate, and highly regarded universities. Let’s explore two incredible benefits of studying in Greece.
Both public and private universities in Greece provide study programs taught in English. Graduate degree programs last for two to six years, whereas post-graduate degree programs last for one to two years. Additionally, remember that Greek colleges will not accept three-year Bachelor’s degree programs when you apply for a Master’s degree if you intend to study there.
Did you know that the Internet of Things startup scene is thriving in Greece? In Greece, there are a ton of job options available. Additionally, you have a good chance to work while you study in Greece because there is a high demand for English-speaking workers there. You are permitted to work up to eight hours each day while a foreign student. You will require a valid work visa if you want to take advantage of employment prospects after completing your course.
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Cost of Living in Greece
Below mentioned are the components of the costs of living in Greece:
Greece’s cost of living varies widely depending on the region. Rental costs are typically higher in large cities like Athens and Thessaloniki, particularly in sought-after neighbourhoods in the city centre. On the other side, more reasonably priced housing options can be found in rural areas and smaller cities. In the city centre, the typical monthly rent for a one-bedroom apartment ranged from €500 to €800 as of my most recent update in September 2021, although it might be as low as €400 to €650 outside the city centre. Prices can vary widely based on the area and type of property you’re looking to buy.
|Apartment (1 bedroom) in City Centre||€ 419.15|
|Apartment (1 bedroom) Outside of Centre||€ 352.37|
|Apartment (3 bedrooms) in City Centre||€ 713.78|
|Apartment (3 bedrooms) Outside of Centre||€ 640.17|
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In Greece, the cost of utilities like power, water, heating, and rubbish is typically affordable. In Athens, an 85m2 apartment typically costs between €120 and €150 per month. However, keep in mind that using air conditioning to lower temperatures during the summer may result in higher utility expenses.
|Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment||€ 210.18|
|Mobile Phone Monthly Plan with Calls and 10GB+ Data||€ 17.87|
|Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)||€ 30.93|
Greece has a sophisticated transportation network, and travelling is rather inexpensive. Public transportation, such as buses and trains, frequently has affordable fares, which reduces the cost of travelling within and between cities. In Athens, a single bus ticket may cost about €1.50. Additionally, Greece’s fuel costs are often higher than the average for Europe, therefore having a car may result in greater fuel and maintenance costs.
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|One-way Ticket (Local Transport)||€ 1.20|
|Monthly Pass (Regular Price)||€ 30.00|
|Taxi Start (Normal Tariff)||€ 3.50|
|Taxi 1km (Normal Tariff)||€ 1.00|
|Gasoline (1 litre)||€ 2.03|
|Taxi 1 hour Waiting (Normal Tariff)||€ 12.15|
Food and Groceries
Greek food is often inexpensive, especially if you choose regional products. Local markets usually have reasonable prices for fresh produce such as fruits and vegetables, cheese, olive oil, and bread. With lunch at a mid-range restaurant costing between €12 and €20, eating out may also be affordable. Of course, upscale restaurants in popular locations can be more expensive.
|Milk (regular), (1 litre)||€ 1.43|
|Loaf of Fresh White Bread (500g)||€ 1.10|
|Rice (white), (1kg)||€ 1.96|
|Eggs (regular) (12)||€ 3.66|
|Local Cheese (1kg)||€ 10.59|
|Chicken Fillets (1kg)||€ 8.09|
|Apples (1kg)||€ 1.69|
|Oranges (1kg)||€ 1.20|
|Tomato (1kg)||€ 1.78|
Greece’s people have access to and can afford medical care thanks to its universal healthcare system. Most employees and self-employed people pay a portion of their salary into the social security system, which gives them access to healthcare. Private health insurance is advised for expatriates and extended visitors to meet any additional medical needs.
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Entertainment and Leisure
Greece provides a wide variety of cultural events and recreational pursuits, from seeing historic ruins to taking advantage of its stunning beaches. Depending on your preferences, the price of entertainment and leisure can change. Museum and historical site admission prices typically range from €2 to €12, although a day at the public beach is sometimes free. A larger budget can be needed for nightlife activities or trips to popular tourist destinations.
|Entertainment & Leisure||Costs|
|Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment||€ 209.96|
|Mobile Phone Monthly Plan with Calls and 10GB+ Data||€ 17.93|
|Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)||€ 30.85|
Things to Consider While Moving to Greece
Check out the amazing things to consider while moving to Greece; given below:
- Greece offers a desirable and reasonable way of life, particularly for those prepared to venture outside of the busy cities and embrace the country’s rich heritage and scenic beauty.
- There are many ways to live happily on a moderate budget, even though some costs of living, like housing in big cities, may be greater.
- Always keep in mind that economic conditions and price ranges are subject to change, so if you intend to relocate to Greece for an extended period of time, it is crucial to carry out current research and seek professional guidance.
- Knowing the cost of living in Greece will help you make well-informed decisions and fully take advantage of everything this stunning Mediterranean nation has to offer, whether you’re thinking of relocating there permanently or organizing a lengthy holiday.
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Greece is the ideal location for expat living. Compared to other European and American nations, the cost of living is 30% lower in the UK. Prices vary depending on where you live. For instance, rent, petrol, and other living expenses are more expensive on the islands.
Greece’s average cost of living ($1020) is 143% higher than India’s ($420). On a list of the most costly nations in the world, Greece came in at number 67, while India came in at number 191. Compared to 1.3 months in India, the typical after-tax earnings in Greece can pay for 0.9 months’ worth of living expenditures.
A monthly income of about $2070 will allow you to live comfortably in Greece. Your budget will affect your accommodation costs, food budget, transportation alternatives, and monthly rent in Greece.
To explore study abroad opportunities and calculate the cost of living abroad, stay in tune with Leverage Edu and Leverage Live. To plan your foreign studies journey, feel free to connect us at 1800 572 000.