In 2019 Vision Group made a study of a basket of goods and services to provide our guests with a view of the general cost of living. It is easy to see from the list below why people choose to reside in North Cyprus, opting for a low cost but much higher standard of living than the over congested and high tax countries of the world.
We have estimated that for a family of four, the reasonable monthly cost is approximately 2,500 Euros and a single person around 1,000 Euros.
So let’s look at some individual item costs:
Housing:
- Monthly rent average 80m2 – 600 Euros, utilities (heating, gas, electric) – 160 Euros
- Monthly rent studio/one bed 45m2 – 450 Euros, utilities 80 Euros
- Internet 8 mbps monthly – 27 Euros
- Flat Screen TV 40” – 400 Euros
- Quality international microwave – 300 Euros
Transport:
- 1 litre gas (1/4 gallon) – 0.92 Euros
- Taxi (5 miles) – 9 Euros
- Volkswagen Golf, standard – 20,000 Euros
Entertainment:
- Dinner for two in local restaurant incl. wine – 24 Euros
- Dinner for two in International restaurant – 45 Euros
- 1 pint of beer – 2.70 Euros
- 1 month gym membership – 48 Euros
- Coffee Gloria Jeans 2.9 Euros
- 1 pack of Marlboro cigarettes 2.7 Euros
Food:
- 1 litre milk – 0.95 Euros
- 12 eggs – 2.5 Euros
- 1kg tomatoes – 1.3 Euros
- 500g boneless chicken breast – 2.7 Euros
- 500g local cheese – 4.4 Euros
- 1kg apples – 1.4 Euros
- 1 kg potatoes – 0.98 Euros
- 0.5 L Beer – 0.97 Euros
- 1 bottle red wine (quality) – 7 Euros
- Bread for one day (2 people) – 0.75 Euros
