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Expat Exchange - Cost of Living in Larnaca 2024
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Cost of Living in Larnaca

By Joshua Wood, LPC

SJB Global
SJB Global

Summary: Understanding the the cost of living in Larnaca helps a newcomer what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Cost of Living Larnaca
Apartment Rentals Rent for a one-bedroom apartment in the city center is around €500-€700 per month. Rent for a three-bedroom apartment in the city center is around €800-€1,200 per month. Rent for a one-bedroom apartment outside the city center is around €400-€600 per month. Rent for a three-bedroom apartment outside the city center is around €700-€1,000 per month.
Apartment Purchases The cost of purchasing an apartment in Larnaca is around €1,000-€1,500 per square meter. The average price for a one-bedroom apartment is around €90,000-€120,000. The average price for a three-bedroom apartment is around €150,000-€200,000.
Transportation The cost of public transportation in Larnaca is around €1.50-€2.50 per ride. The cost of a monthly pass is around €30-€50. The cost of a taxi ride in the city center is around €5-€10. The cost of a taxi ride outside the city center is around €10-€15.
Groceries The cost of groceries in Larnaca is relatively low. A loaf of bread is around €1.50-€2.50. A liter of milk is around €1.50-€2.50. A dozen eggs is around €2-€3. A kilogram of chicken is around €4-€5. A kilogram of apples is around €2-€3.
Restaurants The cost of eating out in Larnaca is relatively low. A meal at a fast food restaurant is around €5-€7. A meal at a mid-range restaurant is around €15-€20. A meal at a high-end restaurant is around €30-€50.
Utilities The cost of utilities in Larnaca is relatively low. The cost of electricity is around €0.15-€0.20 per kWh. The cost of water is around €0.50-€1.00 per cubic meter. The cost of internet is around €20-€30 per month.
Private School Tuition The cost of private school tuition in Larnaca is relatively high. The cost of preschool tuition is around €2,000-€3,000 per year. The cost of elementary school tuition is around €3,000-€4,000 per year. The cost of middle school tuition is around €4,000-€5,000 per year. The cost of high school tuition is around €5,000-€6,000 per year.

Monthly Budget for Retirees in Larnaca

"The cost of living in Larnaca is considered to be relatively affordable compared to other European cities. Rent for a one-bedroom apartment in the city center is moderately priced, while outside the city center, it is significantly cheaper. The cost of utilities such as electricity, heating, cooling, water, and garbage is also quite reasonable. Groceries in Larnaca are priced fairly, with local markets offering fresh produce at lower costs. Eating out at an inexpensive restaurant is also quite affordable, while a three-course meal for two people at a mid-range restaurant can be a bit more expensive. Public transportation in Larnaca is relatively cheap, with a monthly pass costing less than a daily cup of coffee. However, owning a car can be quite expensive due to high petrol costs. Healthcare in Larnaca is of good quality and is reasonably priced. Private health insurance is recommended for expats. Overall, the cost of living in Larnaca is lower than in many other European cities, making it an attractive destination for expats and retirees," said one expat living in Larnaca.

Can I live in Larnaca on $1,500 a month?

"I've been living in Larnaca for a while now, and I can tell you that it's possible to live comfortably on $1,500 a month, but you'll have to make some sacrifices. First, you'll need to find an affordable neighborhood to live in. I recommend looking into areas like Drosia, Aradippou, or Livadia. These neighborhoods are more budget-friendly compared to the more expensive areas like Makenzy or Finikoudes, which are closer to the beach and have higher rent prices.When it comes to housing, you'll probably have to settle for a smaller apartment or share a place with roommates to keep costs down. Utilities can also be a bit expensive, so try to be mindful of your usage, especially when it comes to air conditioning during the hot summer months.For transportation, I suggest using public buses or even getting a bicycle, as owning a car can be quite expensive due to high fuel prices and maintenance costs. Plus, Larnaca is not a huge city, so getting around by bike or bus is quite manageable.Eating out can also be pricey, so you'll want to cook at home as much as possible. Local markets and discount supermarkets like Lidl or Orphanides are great for finding affordable groceries. However, you can still enjoy the occasional meal out at more budget-friendly restaurants or taverns.Entertainment and leisure activities can also add up, so you'll need to be selective about how you spend your free time. There are plenty of free or low-cost activities to enjoy, like going to the beach, hiking, or exploring the many historical sites around the island.In summary, living comfortably on $1,500 a month in Larnaca is possible, but you'll need to be mindful of your spending and make some sacrifices. By choosing an affordable neighborhood, being conscious of your utility usage, and finding low-cost activities to enjoy, you can make it work," commented an expat living in Larnaca.

Can I live in Larnaca on $3,500 a month?

"I've been living in Larnaca for a few years now, and I can tell you that it's definitely possible to live comfortably on $3,000 a month, even if you're used to modern amenities. However, you might have to make a few sacrifices to make it work. For example, you might not be able to afford a luxurious apartment in the most expensive neighborhoods, like Makenzy or Finikoudes. These areas are known for their beautiful beaches, trendy bars, and restaurants, but the cost of living there can be quite high.Instead, I would recommend looking for an apartment in more affordable neighborhoods like Drosia, Aradippou, or Livadia. These areas are still close to the city center and have all the necessary amenities, but the rent is generally more affordable. You can find a decent two-bedroom apartment in these areas for around $800 to $1,200 per month, depending on the size and condition of the property.As for other expenses, groceries and utilities are relatively affordable in Larnaca. You can expect to spend around $300 to $400 per month on groceries, and around $100 to $150 on utilities, including electricity, water, and internet. Eating out can be quite affordable too, especially if you stick to local taverns and avoid the more touristy areas. A meal at a local restaurant will usually cost you around $10 to $15 per person.One sacrifice you might have to make is cutting back on entertainment and leisure activities. While there are plenty of things to do in Larnaca, some of them can be quite expensive, especially if you're into water sports or frequenting high-end bars and clubs. However, there are also many free or low-cost activities you can enjoy, like exploring the beautiful beaches, hiking in the nearby mountains, or visiting the numerous historical sites and museums.In terms of transportation, owning a car can be quite expensive due to high import taxes and fuel prices. However, public transportation is quite affordable and reliable, with a monthly bus pass costing around $40. Alternatively, you can also consider renting a car or using taxis for occasional trips.Overall, living in Larnaca on a $3,000 monthly budget is definitely doable, but you'll need to be mindful of your expenses and make some sacrifices in terms of housing and entertainment. By choosing a more affordable neighborhood and being smart about your spending, you can enjoy a comfortable lifestyle while still experiencing all that this beautiful island has to offer," said one expat living in Larnaca.

Can I live in Larnaca on $5,000 a month?

"I've been living in Larnaca for a few years now, and I can tell you that it's definitely possible to live comfortably on $5,000 a month, especially if you're used to modern amenities. In fact, you might not even have to make too many sacrifices to make it work. Larnaca is a beautiful city with a relatively low cost of living compared to other European cities, so you'll find that your money goes a long way here.When it comes to finding a place to live, there are a few neighborhoods that I would recommend checking out. One of my favorites is the Makenzy area, which is close to the beach and has a nice mix of apartments and houses. The rent here is quite affordable, and you'll find plenty of modern amenities nearby, such as supermarkets, restaurants, and cafes. Another good option is the Faneromeni area, which is a bit more residential and quiet, but still close to the city center. The rent here is also quite reasonable, and you'll find a good selection of modern apartments and houses.There are a few neighborhoods that might be a bit too expensive for your budget, such as the Dhekelia Road area, which is known for its luxury villas and high-end properties. I would also avoid the city center, as the rent can be quite high, and you might not get as much space for your money.In terms of other expenses, you'll find that groceries, utilities, and transportation are all quite affordable in Larnaca. Eating out can be a bit more expensive, but there are plenty of budget-friendly options if you know where to look. I've found that cooking at home and taking advantage of the local markets can help save a lot of money.Overall, I think you'll find that living in Larnaca on $5,000 a month is not only possible but also quite comfortable. You might have to make a few small sacrifices, such as choosing a more affordable neighborhood or cutting back on eating out, but I believe you'll find that the quality of life here is well worth it," commented an expat living in Larnaca.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.


SJB Global
SJB Global

SJB Global
SJB Global

SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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