Live in Northern Cyprus
C'est la vie Team

C'est la vie Team

Eco Wellness Resort In North Cyprus

Is It Cheaper to Live in Northern Cyprus?

Living in Cyprus means making a home on the island of Cyprus. It involves experiencing its culture, food, and weather, interacting with its people, and following its rules and lifestyle. It’s like being a part of the Cyprus community.

Living in Cyprus is generally more affordable than living in the USA or the UK.

The cost of living in Northern Cyprus can be considered relatively affordable, especially when compared to many European countries.

Here’s a breakdown of some costs you might incur while living Cyprus:

Housing: For a one-bedroom apartment in the city center, you can expect to pay around €587.04 on average, while the same outside of the city center would cost about €470.19

Utilities: Basic utilities for an apartment of 915 sq. ft. would be around €113.33 monthly.

Groceries: Prices for groceries are reasonable, with a gallon of milk costing €4.19, and a loaf of fresh white bread priced at €1.70.Transportation: A one-way ticket on local transport is approximately €1.35.  Taxi fares in Cyprus are regulated by the government and are metered. The initial fare is around €3.50 to €5.00, with additional charges per kilometer ranging from €0.70 to €1.50. There may also be surcharges for nighttime rides, luggage, and waiting time according to apartments for sale in North Cyprus.

For international travel, Cyprus has two main airports: Larnaca International Airport and Paphos International Airport. These airports serve as important hubs for both domestic and international flights, connecting Cyprus to destinations across Europe and beyond.

Dining Out: An inexpensive meal at a restaurant might cost around €9.61, and a three-course meal for two at a mid-range restaurant is about €39.9.

Overall, the average monthly cost of living in North Cyprus ranges between €920 and €1,300, which is quite budget-friendly. However, it’s important to note that the economic situation can fluctuate, and as of December 2023, the annual inflation rate in North Cyprus rose to 83.62%. This inflation rate indicates that prices can vary, and it’s advisable to have up-to-date information when planning your finances.

Healthcare:

Healthcare costs in Northern Cyprus are influenced by whether you choose public or private services.  The Lancet’s healthcare ranking places Cyprus in 26th position in its global comparison – sitting higher than the likes of Portugal, Croatia, and the US. Here’s a general overview:

Public Healthcare: The public healthcare system provides free or low-cost healthcare services to residents. However, the quality of care and waiting times can vary.

Private Healthcare: Private healthcare services offer high-quality medical care but at a higher cost. Private health insurance can cost around €150 to €400 per month for a family plan, depending on the coverage, the number of people covered, and their age.

It’s important to note that healthcare costs are covered by both the state and through patient contributions, known as co-payments.  Recent reforms have aimed to move Cyprus closer to universal health coverage, simplifying and reducing user charges and introducing an annual cap on all co-payments, with a more protective cap for children, low-income pensioners, and those receiving the guaranteed minimum income for buy property in Northern Cyprus.

Life Expectancy: It has one of the longest life expectancies in Europe. Cyprus boasts one of the EU’s highest life expectancies, standing at 82.2 years. Notably, women tend to outlive men, with an average lifespan of 84.2 years compared to men’s 80.2 years. Over the past ten years, life expectancy has seen a steady increase of three years, with this trend showing no signs of slowing down. Whether it’s attributable to their top-notch healthcare system, the nourishing Mediterranean diet, or perhaps the sunny climate, the people of Cyprus are excelling in maintaining longevity.

Use this ‘ag34’ promo code and enjoy a free 3-day and 2-night tour! Book now at https://cyprus-resort.com/.

Low Crime Rate:  Cyprus stands out as remarkably safe, with a recent study placing it as the fifth safest nation globally. But what factors contribute to this impressive ranking for such a small island? Primarily, it’s attributed to Cyprus’s substantial police force relative to its population, boasting 466 officers per 100,000 individuals. Additionally, expatriates residing in Cyprus can enjoy the peace of mind that comes with low rates of theft, with just 111 reported incidents per 100,000 people.

Education: Cyprus’s education system sets the bar high. With its practical curriculum, high graduation rates, accessible study programs, and easy access to several international schools, Cyprus is up there with the best places for expat schooling.

What’s more, Cyprus spends more than 7% of its GDP on education – the third-highest share in the European Union, after Denmark and Sweden – and ensures public education is free for all students aged four to 18 years. School and university education in public institutions is free for Cyprus and EU residents and citizens. The average fee for a university is €3,000 but the government pays it. Non-European citizens entering higher education institutions can expect to pay €5,000—6,000 annually.

Prices for studying in private schools depend on the institution’s location and quality. Expect to pay €400 a month for a kindergarten and €6,000 per year for a school.

Costs in private universities also depend on the field and level of study. On average, you should expect to pay around €9,000—10,000 per year. Medical school studies are usually more expensive and can reach $25,000 per year.

Entertainment:  Despite its small size, Cyprus can offer many activities. For example, the average cost of a ticket to museums or tourist attractions is €10—12. A cinema or theatre visit will cost you around €9.

You can expect to pay €60 for a fitness club per person and €25—30 for renting a tennis court. Water sports like standup paddle boarding (SUP) cost around €70 per hour, and a wakeboard, water ski, or jet ski — €30—40 per 15 minutes.

Renting a boat will cost you €100+ per hour. If you engage in some entertainment activities every weekend, you can expect to spend €200—300 per month for a couple according to rental properties in Northern Cyprus.

Taxes: Cyprus offers attractive tax incentives for individuals, including low personal income tax rates and tax exemptions for certain types of income. This can result in lower overall tax burdens for residents.

Lifestyle: Cyprus offers a high quality of life at a lower cost compared to many other European destinations. Residents can enjoy the island’s natural beauty, outdoor activities, and cultural amenities without breaking the bank.

Climate in Cyprus is pleasant. It has mild winters with an air temperature seldom going below 15°C. Springs and falls are warm, with an average temperature of 20—25°C. Summers can be hot, and air temperatures in July and August can reach 40°C. At the same time, the water is warm — up to 28°C. Sun shines 326 days a year.

In Conclusion:

So, is it cheaper to live in Cyprus? The answer largely depends on individual circumstances and lifestyle preferences. While Cyprus does offer a more affordable cost of living compared to many Western European countries, it’s essential to consider factors such as housing location, healthcare needs, and personal spending habits.

For those seeking a Mediterranean lifestyle without the hefty price tag of other European destinations, Cyprus may indeed hold the key to a more cost-effective way of life. With its blend of affordability, natural beauty, and rich culture for Northern Cyprus apartments for rent, Cyprus continues to attract individuals looking to make their homes in the sun-drenched heart of the Mediterranean.Top of Form

Share:

WhatsApp
Telegram
Facebook
Twitter

Related Posts

C`est la Vie

Our Address

North Cyprus,
Cest la Vie,
Kucuk Erenkoy main road, Tatlisu, Gazimagusa