Cost of Living in Cyprus
Eurostat puts consumer prices in Cyprus at 91.6 in 2025, where the EU average is 100, so about 8.4% below average. Food is level with the EU at 100.1. Households spent €3,605 a month in 2023, 27.5% of it on housing and energy.
What does it cost to live in Cyprus? This page uses official figures only: price levels, consumer prices, house prices and housing cost burden from Eurostat, based on data from the Statistical Service of Cyprus (CYSTAT), and household spending from the CYSTAT Household Budget Survey. Where no official national figure exists, we leave the item out.
Rent and housing costs in Cyprus
Price levels in Cyprus against the EU average, 2023 to 2025
Rent in Cyprus
The Statistical Service of Cyprus (CYSTAT) and the Central Bank of Cyprus do not publish a national average rent in euros, so we do not show one. What the official data does show is the pace. Rents paid by tenants were 4.8% higher in September 2026 than a year earlier, against 2.6% in the euro area. House prices rose 7.9% in the year to the second quarter of 2026, faster than the EU average of 4.7%.
Housing costs weigh less on households than the EU average. In 2025, 2.4% of people in Cyprus lived in a household spending more than 40% of its disposable income on housing, against 7.6% across the EU. Eurostat puts the price level for housing, water, electricity and gas at 87.0, where the EU average is 100.
Consumer prices and inflation
Consumer prices in Cyprus were 5.2% higher in September 2026 than a year earlier, on the harmonised index that CYSTAT compiles for Eurostat. The euro area rate was 3.8%. The flash estimate for October 2026 is 5.4%. In September, electricity, gas and other fuels were 15.6% dearer than a year earlier, transport 13.3% and food 4.0%.
Price levels are below the EU average. Eurostat puts prices for household consumption in Cyprus at 91.6 in 2025, where the EU average is 100, so about 8.4% lower. Food is the exception, at 100.1, level with the EU. Transport stands at 85.9 and restaurants and hotels at 85.2.
What households spend
Households in Cyprus spent an average of €43,263 a year on consumption in 2023, about €3,605 a month, according to the CYSTAT Household Budget Survey. That is 38.6% more than in 2015/16. Urban households spent €44,548 and rural households €40,505. Housing, water, electricity and fuels took the largest share, 27.5%, or about €990 a month.
| Spending category | Per household a year | Per month | Share | Change since 2015/16 |
|---|---|---|---|---|
| Housing, water, electricity, gas and other fuels | €11,884 | €990 | 27.5% | +49.2% |
| Food and non-alcoholic beverages | €6,254 | €521 | 14.5% | +30.8% |
| Transport | €5,004 | €417 | 11.6% | +33.5% |
| Restaurants and accommodation services | €4,777 | €398 | 11.0% | +71.5% |
| Clothing and footwear | €2,276 | €190 | 5.3% | +26.0% |
| Furnishings, household equipment and routine maintenance | €2,185 | €182 | 5.1% | +35.3% |
| Insurance and financial services | €2,086 | €174 | 4.8% | +126.5% |
| Personal care, social protection and other goods and services | €2,075 | €173 | 4.8% | +46.1% |
| Education services | €1,596 | €133 | 3.7% | +13.4% |
| Health | €1,188 | €99 | 2.7% | -26.4% |
| Alcoholic beverages and tobacco | €598 | €50 | 1.4% | +19.1% |
| Information, communication, recreation, sport and culture (remainder) | €3,340 | €278 | 7.7% | |
| Total consumer spending | €43,263 | €3,605 | 100% | +38.6% |
Transport
Households spent €5,004 a year on transport in 2023, 11.6% of their budget. Transport prices were 13.3% higher in September 2026 than a year earlier, while the price level for transport stood at 85.9 against the EU average of 100 in 2025. Bus fares are set per route network, and we found no official national fare table, so we leave them out.
Energy and local costs
Electricity, gas and other fuels rose 15.6% in the year to September 2026, against 9.4% in the euro area. We found no official national average for household electricity bills or local taxes, so we do not show one.
What it means for pay and hiring
Employees in Cyprus earned an average of €2,591 gross a month in 2025 and a median of €1,953, according to CYSTAT. The national minimum wage is €1,088 a month after 6 months with the same employer in 2026. With inflation at 5.2% and rents rising 4.8%, budget for pay reviews, and say in an offer whether a 13th salary is included. See average salary in Cyprus and Cyprus minimum wage.
Employers also pay 15.4% in contributions on top of gross pay in 2026, as our guide to hiring in Cyprus explains. Hiring in Cyprus? We do placement. We source, screen and interview remote professionals across Europe, then deliver a shortlist of 3 candidates within 21 days for a flat $6,500, or your deposit back. Prefer to run the search yourself? Post a job for $299. See how placement works or browse remote jobs in Cyprus.
This is general information, not legal or tax advice. Rules change and collective agreements can set different terms. Confirm with a local accountant or lawyer before you hire.
Frequently asked questions
Is Cyprus expensive compared with the rest of the EU?
Prices are below the EU average overall. Eurostat puts the price level for household consumption in Cyprus at 91.6 in 2025, where the EU average is 100. Food is level with the EU at 100.1, while housing and energy stand at 87.0.
What is the average rent in Cyprus?
No official national average rent in euros is published. Official data shows the trend: rents paid by tenants were 4.8% higher in September 2026 than a year earlier, against 2.6% in the euro area.
How much do households in Cyprus spend a month?
An average of €43,263 a year on consumption in 2023, about €3,605 a month, according to the CYSTAT Household Budget Survey. Housing, water, electricity and fuels took 27.5%.
What is the inflation rate in Cyprus?
Consumer prices were 5.2% higher in September 2026 than a year earlier on the harmonised index, against 3.8% in the euro area. The flash estimate for October 2026 is 5.4%.
Are house prices rising in Cyprus?
Yes. House prices were 7.9% higher in the second quarter of 2026 than a year earlier, against 4.7% across the EU, according to Eurostat.
Sources
- Eurostat, Price level indices, prc_ppp_ind_1. Checked 5 Nov 2026.
- Eurostat, Harmonised index of consumer prices, prc_hicp_minr. Checked 5 Nov 2026.
- Eurostat, House price index, prc_hpi_q. Checked 5 Nov 2026.
- Eurostat, Housing cost overburden rate, ilc_lvho07a. Checked 5 Nov 2026.
- CYSTAT, Household Budget Survey 2023, press release of 21 Mar 2025. Checked 5 Nov 2026.
- CYSTAT, Earnings of employees: annual data 2025. Checked 5 Nov 2026.
