The cost of living in Cyprus is generally much lower than in the United Kingdom and other European countries.
Cyprus is one of the Mediterranean countries with reasonable prices for both restaurants and consumer goods. Cyprus has been attracting thousands of international students for several years because it offers degrees, master's degrees, and doctorates at lower tuition fees than other European countries.
Students, as well as the thousands of tourists who visit the island, can enjoy a high quality of life at reasonable prices. Because the benefits of studying or working in Cyprus are numerous, many people choose to apply for permanent residency.
Numbeo ranked Cyprus 37th out of 135 countries with relatively low costs.
Let's look at the categories that will be included in our monthly budget.
A private university's annual tuition fees (excluding additional costs) range from €5,000 to €15,000.
Monthly food expenses (supermarket) start at 250 euros per person and vary depending on your choices and preferences. However, there is no need to be concerned because there are many local businesses in Cyprus that offer discounts on consumer products if you do your research.
Clothing costs should not be an issue because the Cyprus market has a variety of options depending on the amount you want to spend. Clothing of high quality can be found at reasonable prices. Businesses in Cyprus have three fixed discount periods throughout the year, so you will be able to take advantage of this and meet your needs.
INTERNET & TELEPHONY
The average monthly cost of a mobile phone and internet subscription from a mobile phone provider starts at 25 euros and can reach 100 euros if a monthly mobile phone installment is paid.