Cyprus among the most expensive countries to live in the EU in 2024

Cyprus is one of the most expensive countries to live in Europe in 2024.

This is evidenced by a new comparative analysis of the international platform NUMBEO.

In particular, according to the platform, for a comfortable stay in Cyprus, a family of four on average needs 2,947.2 euros (excluding rent), and one person - about 839.5 euros (excluding rent). When compared to other EU countries, however:

1. In Greece, a family of four needs an average of €2,766 (excluding rent) and one person needs about €807.4 (excluding rent). The cost of living in Greece is on average 3.9% lower than in Cyprus.
2. In Portugal, a family of four needs on average 2321.3 euros (excluding rent) and one person needs about 657.4 euros (excluding rent). The cost of living in Portugal is on average 17.8% lower than in Cyprus.
3. In Germany, a family of four needs an average of €3,210.3 (excluding rent) and one person needs about €951.3 (excluding rent). The cost of living in Germany is on average 11.5% higher than in Cyprus.
4. In France, a family of four needs an average of €3,414.2 (excluding rent) and one person needs about €954.6 (excluding rent). The cost of living in France is on average 18.2% higher than in Cyprus.

At the same time, if we compare food prices in different EU countries, the residents of Cyprus have to spend an average of 265.07 euros per month on food, Greeks - 263.41 euros, French - 368.14 euros, Italians - 319.62 euros, Germans - 318.21 euros, Spaniards - 248.55 euros, Lithuanians - 234.41 euros, Slovaks - 247.41 euros, Belgians - 299.56 euros, Portuguese - 234 euros.

Finally, NUMBEO cites the average prices of various goods that Cypriots buy most often.

Thus, milk (1 liter) in Cyprus costs 1.59 euros, fresh white bread (500 g) - 1.88 euros, rice (1 kg) - 2.33 euros, eggs (12 pcs) - 3.38 euros, cheese (1 kg) - 11.35 euros, chicken fillet (1 kg) - 7.98 euros, beef (1 kg) - 11.54 euros, apples (1 kg) - 2.5 euros, bananas (1 kg) - 1, 78 euros, oranges (1 kg) - 1,72 euros, tomatoes (1 kg) - 2,59 euros, potatoes (1 kg) - 1,31 euros, onions (1 kg) - 1,16 euros, salad - 0,72 euros, water (1,5 liters) - 0,87 euros, a bottle of wine - 7 euros, local beer (0,5 liters) - 1,56 euros, imported beer (0,33 liters) - 2,30 euros.

Recall, Numbeo - the world's largest database on the cost and quality of life. This service annually analyzes the standard of living in different countries based on 5 indicators:

1. Cost of living - including food basket, utilities, transportation, and other consumer services;
2. purchasing power of the population;
3. foodstuffs;
4. rent;
5. prices in restaurants.