Housing Costs in Greece

Renting an Apartment: Housing costs in Greece can vary significantly depending on the location. Major cities like Athens and Thessaloniki tend to have higher rental prices compared to smaller towns and rural areas. On average, a one-bedroom apartment in the city center of Athens may cost between €300 and €500 per month, while the same can be found for around €200 to €400 in smaller cities or towns.

Buying Property: The real estate market in Greece offers opportunities for both investment and personal residence. The average price per square meter for an apartment in the city center is roughly €1,500 to €2,500. Prices decrease substantially in suburban areas or less populated islands.

Additional Housing Costs: Besides rent or mortgage payments, you should also consider utility bills, including electricity, water, and heating. The monthly cost for these services typically ranges from €100 to €150 depending on the size of the dwelling and the season.

Utility and Internet Expenses

Utility Costs: Utilities in Greece are relatively inexpensive. The average monthly bill for electricity, heating, cooling, water, and garbage is about €120 for an 85m² apartment. These costs can rise during winter due to heating.

Internet and Communication: Internet services are well-developed in Greece, with numerous providers offering competitive packages. The average cost for internet (ADSL or Cable) is approximately €30 per month. Mobile phone services are similarly priced, with various plans available depending on usage and preferences.

Transportation Costs

Public Transport: Greece has a reliable and extensive public transportation system, particularly in larger cities. A monthly pass for public transport in Athens costs about €30, which gives you access to buses, trams, and the metro.

Personal Vehicles: The cost of owning a car in Greece includes not only the purchase price but also insurance, maintenance, and fuel expenses. Petrol prices are around €1.60 per liter. Annual car insurance can range from €300 to over €1000, depending on various factors including the car model and driver’s experience.

Food and Grocery Expenses

Everyday Groceries: The cost of groceries in Greece is reasonable, with local markets and supermarkets offering a wide range of products. On average, monthly groceries might cost between €150 and €200 for one person.

Eating Out: Dining out in Greece can be quite affordable, with a meal at an inexpensive restaurant costing around €10 to €15 per person. Mid-range restaurants will charge about €20 to €30 per person for a three-course meal.

Healthcare and Medical Costs

Public Healthcare: Greece has a universal healthcare system that provides free or low-cost healthcare services to residents contributing to the social security system. However, many locals and expats prefer private healthcare for faster and more comprehensive services.

Private Healthcare: Private health insurance plans can vary widely but expect to pay around €400 to €600 per year for basic coverage. Private healthcare provides access to private hospitals, shorter waiting times, and often more English-speaking doctors.

Education Expenses

Public Schools: Education in public schools is free for all children living in Greece, including expatriates. The schools primarily teach in Greek, but there are also options for classes in English, especially in larger cities.

International Schools: For families preferring education in English, international schools are available, particularly in Athens and Thessaloniki. Annual tuition fees for these schools range from €6,000 to €12,000.

Leisure and Entertainment

Living in Greece allows for ample leisure and entertainment opportunities, which can be very budget-friendly. Cinema tickets cost around €8, and a monthly gym membership is about €30. The country’s rich history and natural beauty provide countless low-cost or free activities, such as visiting historical sites or hiking.

Conclusion

The cost of living in Greece offers a compelling mix of affordability and quality, particularly when compared to other European countries. Whether it’s the lower cost of food and groceries, affordable public transportation, or the relatively low cost of housing, Greece provides a cost-effective living environment that does not compromise on the quality of life. This makes it an attractive destination for both expatriates and locals seeking a Mediterranean lifestyle at a reasonable cost.