Greece Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

No data

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

No data

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

No data

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$752

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Greece Cost of Living trends and investment implications

Market Overview

Greece offers a cost-effective living environment for expats and remote workers, though rising utility costs could impact affordability. While internet speeds and costs are conducive to remote work, investors must consider the disparity between salary increases and cost of living over time.

Key Findings

Data-driven insights

•Utilities (electricity, heating, cooling, water, garbage) average $130 per month, consuming approximately 17% of the average monthly salary.
•Internet costs are around $35 per month, which is about 4.7% of the average salary, making it affordable for remote work.
•Mobile plans average $20 per month, adding another 2.6% to monthly expenses.
•Combined, basic utilities and connectivity costs total $185 monthly, representing 24.6% of the average salary.

Market Trends

Historical patterns

•Over the past 64 years, utility costs have risen faster than salaries, pressuring disposable income.
•Internet costs have decreased significantly with improved infrastructure, enhancing digital nomad appeal.
•Mobile plan costs have remained relatively stable, but data usage costs have decreased, allowing for more connectivity.

For Investors

Actionable takeaways

•Expats should budget around $185 per month for utilities and connectivity, planning for potential increases.
•The affordability of internet and mobile services supports Greece as a viable location for digital nomads.
•Investors should monitor utility cost trends as they are rising faster than salaries, potentially impacting long-term affordability.
•Consider regions with lower utility rates or renewable energy incentives to mitigate cost increases.

Market Context

Compared to similar Mediterranean countries like Portugal and Spain, Greece offers competitive living costs, particularly in terms of internet and mobile services. However, the slower salary growth relative to utility expenses poses a potential risk for long-term affordability.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.