Cost of Living in Greece: A Comprehensive Guide

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.

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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. 

Education System 

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. 

Work possibilities

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 as a foreign student. You will require a valid work visa if you want to take advantage of employment prospects after completing your course.

Cost of Living in Greece

Below mentioned are the components of the costs of living in Greece:

Housing

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 Type	Cost
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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Utilities

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.

Utilities	Costs
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

Transportation

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.

Transportation	Costs
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.

Groceries	Costs
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

Healthcare

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.

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.

Average Tuition Fees

Another significant factor you need to consider while planning your budget for Greece as a student is the tuition cost. See below the average tuition fees charged at the universities in Greece:

Course Type	Average Annual Tuition Fees
Bachelor’s Degree	€5,000 – €13,000
Master’s Degree	€1,000 – €8,000
PhD	€1,500

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FAQs

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 contact us at 1800 572 000.