This is an island country located in the Eastern Mediterranean, south of Turkey, west of Syria and Lebanon, northwest of Israel, and north of Egypt. It is the third-largest island in the Mediterranean Sea, with a total area of 9,251 square kilometers. Throughout its history, the country has been ruled by various civilizations, including the Assyrians, Egyptians, Persians, Greeks, Romans, Byzantines, Crusaders, Venetians, Ottomans, and British. It gained independence from British rule in 1960 and became a republic. However, the island has been divided since 1974, with Turkey occupying the northern part of the island. The Republic is a member of the European Union and the United Nations, while the northern part of the island is recognized only by Turkey as the Turkish Republic of Northern Cyprus. The capital and largest city of Cyprus is Nicosia. The way and where people live affect how much they spend on a daily or monthly basis. In terms of housing, houses in the downtown area cost more to buy than ones outside of the midtown. It is important to know that the republic is a nation where living costs are lower compared to what they are in other countries.
If you are considering relocating to this country as an expat, there are things you need to know about the Eastern island nation. The most important of them all is its cost of living. This article provides information on the cost of basic human needs in the country.
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Cost of living in the country
The way and where people live affect how much they spend on a daily or monthly basis. Some typical costs to anticipate while living here are as follows:
Accommodation
The kind, size, and location of a place one lives affect how much it costs to rent it. A one-room loft in the downtown area of urban cities like Nicosia might cost around 859 USD each month to lease. One could expect to pay about 662 USD for a comparable apartment outside of the city center. It will cost more than that to rent a three-room condominium in the city. Houses in the downtown area cost more to buy than ones outside of the midtown.
Food and groceries
Here, food and grocery shopping typically cost less than in Europe. A meal at a low-priced restaurant may cost 14 dollars, while a meal at a mid-priced restaurant may cost between 11 and 20 dollars. Grocery shopping typically costs between 300 to 470 dollars per month, depending on a person’s food consumption.
Transportation
Public transportation is affordable in this country. A one-way ticket for local transportation can cost about 1.5 USD. Taxis are also accurately priced, typically costing 1.48 USD per kilometer.
Healthcare
The nation has a standard public health care system though users must have health insurance to use it. Employed foreigners and their dependents must also enroll in health insurance to have access to medical care. Typically, insurances cost less than $150 per month to purchase.
Utilities
Depending on the loft’s size and purpose, utility bills for water, gas, and electricity can vary. A one-bedroom apartment may cost around 117 USD per month on average. Residents typically pay monthly fees for internet access and local calling. Including water, heating, and refuse dumping, all of which add up to the monthly bills.
Entertainment and recreation
Entertainment activities require buying tickets for movies, shows, and games. A movie ticket can cost approximately $5 while a show ticket can cost more.
It is important to know that the republic is a nation where residing costs are lower compared to what they are in other countries.
