For decades, the British retirement age has often moved to Cyprus to enjoy a peaceful and low-cost life and pleasant tax conditions.
The cost of living in Cyprus has a certain similarity with some other European countries. Nicosia city is the most expensive place in this island nation. According to Mercer’s living cost survey in 2015, Limassol – another Cypriot city ranked 87th out of 230.
Housing, living, education and health costs in Cyprus are lower but the quality is extremely admirable. On the other hand, prices of consumer goods such as groceries and magazines are quite high, particularly clothing often increases in price due to the imposition of import tariffs.
The South usually has more expensive taxes than the Northern region, especially the cost of renting houses, but owning the economy has developed 5 times the area. Many foreigners prefer to live in the southern region because it is easy to get good jobs and high wages.
Food expenses in Cyprus
Necessities in Cyprus are cheaper than UK, especially fruits and meat. Beer and cigars are also often cheaper, while cappuchino is much more expensive. The restaurant in Cyprus is cheaper than the common ground, especially, the local restaurants not only have an extremely pleasant fee but also the typical dishes of the locals, the dishes with a mixture of incense between Europe, Greece and the Middle East.
Travel expenses in Cyprus
Cyprus has no railway system, but in return, the country has an extremely modern metro system. Strangely, the cost of using buses in Cyprus is quite expensive, so people often use service taxis to travel.