Often asked: How Much Cost Of Living In Cyprus?

Can I afford to live in Cyprus?

As a whole, the cost of living in Cyprus is comparable to European countries such as Poland, Hungary and Romania. Limassol is generally regarded to be the most expensive city on the island, ranking 166th out of 209 cities worldwide assessed for the 2020 Mercer Cost of Living Survey.

Is it cheaper to live in Cyprus or UK?

United Kingdom is 56.8% more expensive than Cyprus.

Is Cyprus cheap or expensive?

So is Cyprus expensive to visit? Well, it doesn’t have to be. Prices in Cyprus are more or less on par with other mid-range European destinations — like Croatia or Spain — and it is entirely possible to visit the country on a budget.

How much is rent in Cyprus?

Those who are renting long-term can expect to pay around 450 euros and up for the same type of apartment or house, and around 550 euros for a two bedroom place. This is the rate for Limassol. Renting a place in Paphos, Larnaca and Nicosia will cost you a lot less.

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What is a good salary in Cyprus?

A person working in Cyprus typically earns around 2,160 EUR per month. Salaries range from 550 EUR (lowest average) to 9,660 EUR (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers.

Is Cyprus good place to live?

Is Cyprus a good place to live? Cyprus is a great place to live both for families and retirees. The island is renowned for its fabulous beaches, but it also draws people from all over the world with its stunning mountains and little valleys full of vineyards, orange orchards and olive groves.

How long can I live in Cyprus?

Long-stay visa This visa lets non-EU nationals stay in Cyprus for up to one year. To stay in Cyprus for more than 90 days, all foreign nationals must get a residence permit issued by the Cyprus Ministry of Interior. The visa application fee is €60.

What is the minimum wage in Cyprus?

Cyprus has no general minimum wage requirement. However,a minimum wage rate or €870 per month is required for shop assistants,nurses’ assistants,clerks,hairdressers,and nursery assistants. The minimum wage rises to €924 after six months’ employment.

How much money do I need for a week in Cyprus?

Cyprus trip cost Well, based on my estimates one week in Cyprus will cost you about $2,350 USD. Not too bad for a week-long vacation in the Mediterranean! Sure, Cyprus may not be as well-known as Italy or Greece, but if you are looking for an affordable beach destination in Europe, definitely consider Cyprus.

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How much money do you need for a week in Cyprus?

So, a trip to Cyprus for two people for one week costs on average €1,148 ($1,362). All of these average travel prices have been collected from other travelers to help you plan your own travel budget. A vacation to Cyprus for one week usually costs around €574 for one person.

How easy is it to get a job in Cyprus?

It is not easy, you have to be a Cypriot, or your wife Cypriot in order to work legally in Cyprus. And even you are legal to work it is not easy to find a job because of the bad situation in the world few companies are recruiting and most of time they have thousands of applications.

Can you just move to Cyprus?

If you are moving to Cyprus after Brexit, you can live and work in Cyprus in the same way as previously, covered by your rights to stay as an EU citizen until the 31st December 2020. After that point, you may need to apply for a visa or permit to move to Cyprus, depending on EU negotiations.

What is the main source of income in Cyprus?

The services sector, including tourism, contributes almost 80% to GDP and employs more than 70% of the labor force. Industry and construction account for approximately one-fifth of GDP and labor, while agriculture is responsible for 2.1% of GDP and 8.5% of the labor force.

Is it cheaper to live in Spain or Cyprus?

The average cost of living in Cyprus ($1188) is 2% less expensive than in Spain ($1215). Cyprus ranked 40th vs 38th for Spain in the list of the most expensive countries in the world. The average after-tax salary is enough to cover living expenses for 1.1 months in Cyprus compared to 1.3 months in Spain.

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