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

By Joshua Wood, LPC

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Summary: If you're moving to Heraklion, understanding the the cost of living in Heraklion helps you know what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Apartment Rentals The average cost of renting an apartment in Heraklion is €400-€600 per month for a one-bedroom apartment, €600-€800 for a two-bedroom apartment, and €800-€1,000 for a three-bedroom apartment.
Apartment Purchases The average cost of purchasing an apartment in Heraklion is €1,000-€1,500 per square meter.
Transportation The cost of public transportation in Heraklion is €1.20 for a single ticket, €4.50 for a day ticket, and €20 for a monthly ticket.
Groceries The average cost of groceries in Heraklion is €50-€100 per week for a family of four.
Restaurants The average cost of a meal at a restaurant in Heraklion is €10-€20 per person.
Utilities The average cost of utilities in Heraklion is €50-€100 per month for a family of four.
Private School Tuition The average cost of private school tuition in Heraklion is €2,000-€3,000 per year for preschool, €3,000-€4,000 per year for elementary school, €4,000-€5,000 per year for middle school, and €5,000-€6,000 per year for high school.

Monthly Budget for Retirees in Heraklion

"The cost of living in Heraklion 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 Heraklion are relatively inexpensive, with local markets offering fresh produce at lower prices. 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 costly. Public transportation in Heraklion is reasonably priced, with a one-way ticket costing less than a cup of coffee. However, owning and maintaining a car can be more expensive due to the cost of gasoline. Healthcare in Heraklion is generally affordable, especially if you are covered by public health insurance. However, private healthcare can be more expensive. In terms of leisure activities, a monthly gym membership is moderately priced, while cinema tickets are quite affordable. Overall, the cost of living in Heraklion is lower than in many other European cities, making it an attractive place to live for those on a budget," said one expat living in Heraklion.

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

"I've been living in Heraklion 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 place to live. I recommend looking for apartments in neighborhoods like Kaminia, Therissos, or Agios Ioannis, where you can find a decent one-bedroom apartment for around $400-$500 a month. These areas are not as trendy or central as the more expensive neighborhoods like the city center or the coastal areas, but they're still safe and have good access to public transportation.Next, you'll need to be mindful of your spending on food and groceries. Eating out can be quite affordable in Heraklion, especially if you stick to local tavernas and avoid touristy restaurants. You can find a good meal for around $10-$15 per person. For groceries, shop at local markets and discount supermarkets like Lidl or AB Vassilopoulos, where you can find good deals on fresh produce and other essentials. Cooking at home will save you a lot of money in the long run.As for transportation, the public bus system in Heraklion is quite reliable and affordable. A monthly pass costs around $30, which is much cheaper than owning a car and paying for gas, insurance, and parking. If you need to travel outside the city, consider using the intercity bus system (KTEL) or carpooling with friends.When it comes to entertainment and leisure activities, there are plenty of free or low-cost options in Heraklion. You can visit the numerous historical sites, museums, and parks, or enjoy the beautiful beaches on the outskirts of the city. If you're into sports, there are also several affordable gyms and sports clubs where you can join for a reasonable fee.In conclusion, living comfortably on $1,500 a month in Heraklion is possible, but you'll need to be mindful of your spending and make some sacrifices. By choosing an affordable neighborhood, cooking at home, using public transportation, and enjoying low-cost leisure activities, you can make it work," commented an expat living in Heraklion.

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

"I've been living in Heraklion 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 some sacrifices and be smart about your spending. First, you'll want to find an affordable neighborhood to live in. Some of the more affordable areas in Heraklion include Kaminia, Therissos, and Agios Ioannis. These neighborhoods are a bit further from the city center, but they offer more affordable housing options. On the other hand, you might want to avoid more expensive neighborhoods like the city center, Mastabas, and Korai.When it comes to transportation, you can save money by using public transportation or even walking or biking to work if it's not too far. Owning a car can be quite expensive, especially when you factor in gas, insurance, and parking costs. If you do need a car, consider getting a smaller, fuel-efficient vehicle to save on expenses.Eating out can also be quite expensive in Heraklion, especially if you're used to dining at high-end restaurants. However, there are plenty of affordable local tavernas and cafes where you can enjoy delicious Greek cuisine without breaking the bank. Cooking at home is another great way to save money, and you can find fresh, local ingredients at the various markets around the city.As for entertainment, there are plenty of free or low-cost activities to enjoy in Heraklion. You can visit the numerous historical sites, such as the Palace of Knossos or the Archaeological Museum, or spend time at the beautiful beaches nearby. There are also plenty of parks and outdoor spaces where you can enjoy the Mediterranean climate.In terms of sacrifices, you might have to give up some of the luxury items or experiences you're used to, such as high-end shopping or frequent international travel. However, by living within your means and prioritizing your spending, you can still enjoy a comfortable and fulfilling life in Heraklion on a $3,000 a month budget," said one expat living in Heraklion.

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

"I've been living in Heraklion for a few years now, and I can tell you that it's definitely possible to live comfortably on $5,000 a month, even if you're used to modern amenities. In fact, you might not have to make too many sacrifices at all. The cost of living in Heraklion is generally lower than in many other European cities, so your money will go further here.When it comes to housing, you'll find that there are plenty of options available in various neighborhoods. If you're looking for something more affordable, I'd recommend checking out the areas of Kaminia, Agios Ioannis, and Nea Alikarnassos. These neighborhoods offer a good mix of residential and commercial properties, and you can find a decent apartment for around $500 to $800 per month.On the other hand, if you're willing to spend a bit more on housing, you might want to consider the neighborhoods of Mastabas, Korai, and the city center. These areas are more upscale and offer a wider range of amenities, but you can still find a nice apartment for around $1,000 to $1,500 per month.As for other expenses, you'll find that groceries, transportation, and utilities are all quite affordable in Heraklion. Eating out at local restaurants can also be quite reasonable, especially if you stick to traditional Greek cuisine. However, if you're a fan of international or fine dining, you might have to cut back a bit, as these options can be more expensive.In terms of entertainment and leisure activities, there's plenty to do in Heraklion without breaking the bank. You can visit the numerous historical sites and museums, take a stroll along the waterfront, or enjoy the city's vibrant nightlife. If you're into outdoor activities, there are also plenty of beaches, hiking trails, and water sports available in the surrounding area.Overall, I think you'll find that living in Heraklion on $5,000 a month is not only doable but also quite comfortable. You might have to make a few minor adjustments to your lifestyle, but you'll still be able to enjoy all the modern amenities you're used to," commented an expat living in Heraklion.

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.


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