Cost Of Living For a Single Person in Athens 2024

Single person cost of living chart - individual average monthly expenditure in Athens

Average Monthly Expenditure

Currency: EUR
370 2,600 17,000
MINIMUM AVERAGE MAXIMUM
$400 $2,800 $19,000

Average monthly spending for a single person or individual in Athens

How much money does an individual need in a month to survive in Athens?

A single person in Athens spends around 2,600 EUR per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 370 EUR or as high as 17,000 EUR. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Athens


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Athens

Dining, food, and beverages costs


Fast food combo meal

3.6 EUR 7.2 EUR 12 EUR
MINIMUM AVERAGE MAXIMUM
$3.9 $7.9 $13

Restaurant meal for one

13 EUR 19 EUR 38 EUR
MINIMUM AVERAGE MAXIMUM
$14 $21 $41

Fine dining meal for one

25 EUR 38 EUR 150 EUR
MINIMUM AVERAGE MAXIMUM
$28 $41 $170

Cappuccino or latte

3 EUR 4.8 EUR 7.2 EUR
MINIMUM AVERAGE MAXIMUM
$3.3 $5.2 $7.9

Grocery and market costs


Milk large bottle

2.4 EUR 2.9 EUR 3.6 EUR
MINIMUM AVERAGE MAXIMUM
$2.6 $3.1 $3.9

12 eggs

1.8 EUR 2.4 EUR 3.6 EUR
MINIMUM AVERAGE MAXIMUM
$2 $2.6 $3.9

Fresh whole chicken

4.1 EUR 5.3 EUR 7.5 EUR
MINIMUM AVERAGE MAXIMUM
$4.5 $5.8 $8.2

Pack of beef

4.8 EUR 7.2 EUR 14 EUR
MINIMUM AVERAGE MAXIMUM
$5.2 $7.9 $16

Medium bag of rice

1.9 EUR 2.7 EUR 3.8 EUR
MINIMUM AVERAGE MAXIMUM
$2.1 $2.9 $4.1

Bag of tomatos

0.72 EUR 0.97 EUR 1.8 EUR
MINIMUM AVERAGE MAXIMUM
$0.79 $1 $2

Bag of apples

1.3 EUR 1.7 EUR 2.8 EUR
MINIMUM AVERAGE MAXIMUM
$1.4 $1.8 $3
Chart showing the prices and cost of commute, travel, and transportation in Athens


Commute, travel, and transportation costs


20 minutes taxi ride

3.2 EUR 3.8 EUR 7.6 EUR
MINIMUM AVERAGE MAXIMUM
$3.4 $4.1 $8.3

Average car full tank

18 EUR 24 EUR 48 EUR
MINIMUM AVERAGE MAXIMUM
$20 $26 $52

Average car 1-day rental

20 EUR 27 EUR 40 EUR
MINIMUM AVERAGE MAXIMUM
$22 $29 $43

Average car price

9,000 EUR 18,000 EUR 24,000 EUR
MINIMUM AVERAGE MAXIMUM
$9,800 $20,000 $26,000

Bus ticket one way

0.67 EUR 1.00 EUR 2 EUR
MINIMUM AVERAGE MAXIMUM
$0.72 $1.1 $2.2

Car Service

27 EUR 40 EUR 80 EUR
MINIMUM AVERAGE MAXIMUM
$29 $43 $86
Chart showing the prices and cost of utility, energy, water, and gas in Athens


Utility cost (monthly)


Utility Bill - Individual

22 EUR 160 EUR 1,000 EUR
MINIMUM AVERAGE MAXIMUM
$24 $170 $1,100

Internet and cable

18 EUR 36 EUR 48 EUR
MINIMUM AVERAGE MAXIMUM
$20 $39 $52

Mobile phone charges

14 EUR 24 EUR 72 EUR
MINIMUM AVERAGE MAXIMUM
$16 $26 $79

Leisure and activities costs


Movie ticket

9.1 EUR 12 EUR 18 EUR
MINIMUM AVERAGE MAXIMUM
$9.8 $13 $20

One month gym membership

32 EUR 40 EUR 80 EUR
MINIMUM AVERAGE MAXIMUM
$35 $43 $86
Chart showing the prices and cost of clothing and accessories in Athens


Cloths and accessories costs


Pair of jeans or pants

23 EUR 33 EUR 50 EUR
MINIMUM AVERAGE MAXIMUM
$25 $36 $54

Woman dress

22 EUR 31 EUR 100 EUR
MINIMUM AVERAGE MAXIMUM
$24 $33 $110

Woman shoes

21 EUR 28 EUR 66 EUR
MINIMUM AVERAGE MAXIMUM
$23 $31 $72

Men's shoes

18 EUR 22 EUR 44 EUR
MINIMUM AVERAGE MAXIMUM
$20 $24 $48

Men suit

20 EUR 25 EUR 130 EUR
MINIMUM AVERAGE MAXIMUM
$22 $27 $140

Regular t-shirt

10 EUR 13 EUR 40 EUR
MINIMUM AVERAGE MAXIMUM
$11 $14 $43
Chart showing the prices and cost of housing, accommodation, and rent in Athens


Housing costs / monthly rent


Studio apartment

330 EUR 500 EUR 1,300 EUR
MINIMUM AVERAGE MAXIMUM
$360 $540 $1,400

1-bedroom apartment

500 EUR 800 EUR 2,000 EUR
MINIMUM AVERAGE MAXIMUM
$540 $860 $2,200

2-bedroom apartment

660 EUR 1,000 EUR 2,700 EUR
MINIMUM AVERAGE MAXIMUM
$720 $1,100 $2,900

Housing costs / Buying


Studio apartment

66,000 EUR 100,000 EUR 200,000 EUR
MINIMUM AVERAGE MAXIMUM
$72,000 $110,000 $220,000

1-bedroom apartment

80,000 EUR 130,000 EUR 500,000 EUR
MINIMUM AVERAGE MAXIMUM
$86,000 $140,000 $540,000

2-bedroom apartment

130,000 EUR 400,000 EUR 800,000 EUR
MINIMUM AVERAGE MAXIMUM
$140,000 $430,000 $860,000
Chart showing the prices and cost of furniture in Athens


Furniture Costs


King Size Bed

360 EUR 450 EUR 600 EUR
MINIMUM AVERAGE MAXIMUM
$390 $490 $650

Double Bed

240 EUR 360 EUR 450 EUR
MINIMUM AVERAGE MAXIMUM
$260 $390 $490

Single Bed

210 EUR 280 EUR 360 EUR
MINIMUM AVERAGE MAXIMUM
$230 $300 $390

Living Room

400 EUR 520 EUR 1,800 EUR
MINIMUM AVERAGE MAXIMUM
$440 $560 $2,000

Dining Table

180 EUR 240 EUR 450 EUR
MINIMUM AVERAGE MAXIMUM
$200 $260 $490

Sofa or Couch

240 EUR 330 EUR 720 EUR
MINIMUM AVERAGE MAXIMUM
$260 $360 $790
Chart showing the prices and cost of electronic devices and appliances in Athens


Electronics and House Appliance Costs


TV Set

240 EUR 360 EUR 720 EUR
MINIMUM AVERAGE MAXIMUM
$260 $390 $790

Fridge or Freezer

210 EUR 330 EUR 450 EUR
MINIMUM AVERAGE MAXIMUM
$230 $360 $490

Washing Machine

280 EUR 400 EUR 720 EUR
MINIMUM AVERAGE MAXIMUM
$300 $440 $790

Stove or Cooker

260 EUR 330 EUR 450 EUR
MINIMUM AVERAGE MAXIMUM
$280 $360 $490

Mobile Phone

300 EUR 360 EUR 520 EUR
MINIMUM AVERAGE MAXIMUM
$330 $390 $560

Laptop or Computer

330 EUR 400 EUR 720 EUR
MINIMUM AVERAGE MAXIMUM
$360 $440 $790
Single person or Individual cost of living and expenditure to income ratio in Athens

Single person expenditure to income ratio in Athens

Analysing the how affordable it is for an individual to live in Athens

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

81%

73% to 91%

( expenditure / income ) x 100


Individuals in Athens spend around 81% of their monthly income. Some individuals spend as low as 73% of their income while some as high as 91%.

Distribution of monthly cost of living expenses of a single person in Athens

How do individuals spend their money in Athens?

We asked thousands of individuals about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for individuals

Accomodation Cost32%

32% of total expenses on average (20% to 44%)

LOW$140   130 EUR
AVERAGE$1,000   930 EUR
HIGH$6,700   6,200 EUR
Per Month

Individuals in Athens typically spend from 20% to 44% of their total monthly expenditure on housing with 32% being the average. The average monthly spend on housing is 930 EUR with expenditure ranging from 130 EUR to 6,200 EUR. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Cost of utilities8%

8% of total expenses on average (4% to 13%)

LOW$24   22 EUR
AVERAGE$170   160 EUR
HIGH$1,100   1,000 EUR
Per Month

Utility expenditure like electricity, water, and gas in Athens ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 160 EUR with 22 EUR and 1,000 EUR being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel6%

6% of total expenses on average (4% to 12%)

LOW$32   29 EUR
AVERAGE$220   210 EUR
HIGH$1,500   1,400 EUR
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 29 EUR to 1,400 EUR in a month on commuting with 210 EUR being the norm for most individuals. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 4% or as high as 12%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost18%

18% of total expenses on average (12% to 23%)

LOW$64   59 EUR
AVERAGE$450   410 EUR
HIGH$3,000   2,800 EUR
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Athens is 410 EUR. The cost of groceries can range between 59 EUR to 2,800 EUR. Individuals spend on average about 18% on food and groceries with upper and lower bounds of 12% and 23% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare11%

11% of total expenses on average (5% to 15%)

LOW$36   33 EUR
AVERAGE$250   230 EUR
HIGH$1,700   1,600 EUR
Per Month

Individuals in Athens allocate 5% to 15% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 11%. The range of medical expenses range from 33 EUR to 1,600 EUR with 230 EUR being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping3%

3% of total expenses on average (3% to 6%)

LOW$20   18 EUR
AVERAGE$140   130 EUR
HIGH$940   860 EUR
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 18 EUR to 860 EUR with 130 EUR being the average. Speaking of percentages, that equates to 3% to 6% of total expenses with an average of 3% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$8   7.3 EUR
AVERAGE$56   52 EUR
HIGH$370   350 EUR
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 2% of the monthly expenditure of individuals with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 52 EUR per month with 7.3 EUR being the minimum spent amount and 350 EUR being the maximum.

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW$72   66 EUR
AVERAGE$510   470 EUR
HIGH$3,400   3,100 EUR
Per Month
Percentage of individuals who manage to save money from their income every month in Athens

What percentage of individuals in Athens are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
76%
Not Saving
25%

Almost 76% of surveyed individuals in Athens said that they can save some money at the end of each month while 25% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Athens

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do individuals manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

15% 25% of income 36%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

110 EUR
$120
1,000 EUR
$1,100
6,700 EUR
$7,200
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%30%
10% - 20%23%
20% - 30%16%
30% - 40%15%
40% - 50%12%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 15% to 36% of their monthly income to their savings, with 25% being the average for most individuals. The average monthly amount of money that individuals can put aside is 1,000 EUR with 110 EUR and 6,700 EUR being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Athens

Saving Challenges in Athens

Reasons that make it difficult for individuals to save money

We wanted to understand what is stopping people from maximizing their savings in Athens. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans16%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later18%
Inflation11%
Social Pressure3%
Market Instability3%

Around 6% of the individuals said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 16% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% of individuals blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 11% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in Athens

Typical saving choices for individuals in Athens

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings18%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for individuals to live in Athens

Affordable living in Athens

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Athens?


Yes
78%
No
22%

Around 78% of surveyed individuals think that living in Athens is affordable with proper budgeting while 22% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Athens

Low-cost alternatives in Athens

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options65%

Few low-cost options35%


Based on the survey, 65% of the individuals living in Athens have no problem finding low-cost alternatives to support a frugal lifestyle while 35% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked individuals of Athens whether they have an emergency fund and the answers were as follows.

Yes75%

No25%


Based on the survey, 25% of the individuals living in Athens said that they don't have an emergency fund while 75% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Athens

Financial Literacy in Greece

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy67%


We asked individuals in Athens whether they acquired any adequate personal financial training in their lives. Approximately 33% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 67% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether single people of Greece have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 32% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 68% said that they have everything under control.

Struggles with finance32%

Easily manages finances68%

Financial goals and targets of single people living in Athens

Financial goals of individuals in Athens

In an attempt to understand the economic situation in Athens, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction36%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle9%
Healthcare Expenses11%
Financial Independence7%

Around 7% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 36% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Athens

Debt, loans, and mortgages in Athens


Percentage of individuals who are in debt


In Debt
30%
Debt Free
70%

According to the survey, 30% of the individuals in Athens have some kind of debt, loan, mortgage, or credit card payments while 70% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Athens

Debt-to-income ratio in Athens

Debt to income ratio

30%

21% to 41%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 30% of a single person's monthly income in Athens goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%14%
40% - 50%12%
30% - 40%14%
20% - 30%13%
10% - 20%16%
0% - 10%27%

According to our data, 3% of the debtors in Athens pay 60%+ of their income as debt settlement while 14% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Athens

Debt% People
Real Estate Mortgage11%
Auto Loan20%
Student Loan3%
Credit Card27%
Personal Loan39%

11% of debtors in Athens confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 20% of people and personal loans rose at 39%. Lastly, student loans are the main source of debt for 3% of debtors in Athens.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Athens

Besides measuring the loan-to-income ratio, we asked individuals of Athens how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never53%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Athens

Housing costs, accommodation, and housing affordability in Athens

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Athens

Monthly Rent Prices

Studio apartment monthly rent cost

330 EUR 500 EUR 1,300 EUR
MINIMUM AVERAGE MAXIMUM
$360 $540 $1,400

1-bedroom apartment monthly rent cost

500 EUR 800 EUR 2,000 EUR
MINIMUM AVERAGE MAXIMUM
$540 $860 $2,200

2-bedroom apartment monthly rent cost

660 EUR 1,000 EUR 2,700 EUR
MINIMUM AVERAGE MAXIMUM
$720 $1,100 $2,900

3-bedroom apartment monthly rent cost

800 EUR 1,300 EUR 3,600 EUR
MINIMUM AVERAGE MAXIMUM
$860 $1,400 $3,900

Furnished apartment monthly rent cost

1,600 EUR 4,000 EUR 8,000 EUR
MINIMUM AVERAGE MAXIMUM
$1,700 $4,300 $8,600

Townhouse monthly rent cost

1,300 EUR 2,000 EUR 5,700 EUR
MINIMUM AVERAGE MAXIMUM
$1,400 $2,200 $6,200

House monthly rent cost

1,600 EUR 4,000 EUR 8,000 EUR
MINIMUM AVERAGE MAXIMUM
$1,700 $4,300 $8,600

Villa monthly rent cost

2,000 EUR 5,000 EUR 8,000 EUR
MINIMUM AVERAGE MAXIMUM
$2,200 $5,400 $8,600

The monthly rental cost of a studio apartment in Athens ranges between 330 EUR and 1,300 EUR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 500 EUR to 2,000 EUR. Two-bedroom rentals rate ranges between 660 EUR and 2,700 EUR per month. The monthly rental for a three-bedroom apartment ranges from 800 EUR to 3,600 EUR. The average rent of a townhouse in Athens is around 2,000 EUR while house rental costs can be as high as 4,000 EUR per month. Finally, if you want to rent a villa, expect to pay anywhere from 2,000 EUR to 8,000 EUR per month.



Apartment and house prices in Athens

Cost of buying a property

Studio apartment price

66,000 EUR 100,000 EUR 200,000 EUR
MINIMUM AVERAGE MAXIMUM
$72,000 $110,000 $220,000

1-bedroom apartment price

80,000 EUR 130,000 EUR 500,000 EUR
MINIMUM AVERAGE MAXIMUM
$86,000 $140,000 $540,000

2-bedroom apartment price

130,000 EUR 400,000 EUR 800,000 EUR
MINIMUM AVERAGE MAXIMUM
$140,000 $430,000 $860,000

3-bedroom apartment price

440,000 EUR 660,000 EUR 2M EUR
MINIMUM AVERAGE MAXIMUM
$480,000 $720,000 $2.2M

Townhouse price

570,000 EUR 1.3M EUR 5M EUR
MINIMUM AVERAGE MAXIMUM
$620,000 $1.4M $5.4M

House price

660,000 EUR 4M EUR 5.7M EUR
MINIMUM AVERAGE MAXIMUM
$720,000 $4.3M $6.2M

Villa price

800,000 EUR 4.4M EUR 6.6M EUR
MINIMUM AVERAGE MAXIMUM
$860,000 $4.8M $7.2M

The average price of a studio apartment in Athens can range from 66,000 EUR to 200,000 EUR depending on location. One bedroom cost can be anywhere from 80,000 EUR to 500,000 EUR. A villa can cost you 4.4M EUR on average with prices ranging from 800,000 EUR to 6.6M EUR.


If you're leasing or purchasing, housing costs in Athens will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


44 x129 monthly income 229
MINIMUM AVERAGE MAXIMUM

Property prices in Athens can be x129 to x229 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x129 multiples of the average monthly salary in Athens.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


24% 35% of income 46%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Athens is around 35%. This means that people pay 35% of their income for rent. Those figures can range from 24% to 46% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
32%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.2%
AVERAGE
3.2%
TO
4.1%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


5.8 EUR 75 EUR 750 EUR
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Athens

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Athens

Utility Bill Cost / Electricity + Water + Gas / A single person

22 EUR 160 EUR 1,000 EUR
MINIMUM AVERAGE MAXIMUM
$24 $170 $1,100

Internet and cable cost

18 EUR 36 EUR 48 EUR
MINIMUM AVERAGE MAXIMUM
$20 $39 $52

Mobile phone bill and charges

14 EUR 24 EUR 72 EUR
MINIMUM AVERAGE MAXIMUM
$16 $26 $79

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of individuals is around 160 EUR. The cost of internet and WiFi ranges from 18 EUR to 48 EUR with 36 EUR being the average internet bill. Finally, the average monthly mobile charges is around 24 EUR but can range between 14 EUR and 72 EUR depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


2.2% 5.4% of income 9.8%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Athens is around 5.4%. This means that people pay 5.4% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.2% to 9.8% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Athens

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Athens

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

3.6 EUR 7.2 EUR 12 EUR
MINIMUM AVERAGE MAXIMUM
$3.9 $7.9 $13

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Athens is approximatly 7.2 EUR with meal cost ranging from 3.6 EUR to 12 EUR. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

13 EUR 19 EUR 38 EUR
MINIMUM AVERAGE MAXIMUM
$14 $21 $41

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 13 EUR and 38 EUR with 19 EUR being the average price of a plate for one person at a regular restaurant in Athens.

Fine dining meal for one price

25 EUR 38 EUR 150 EUR
MINIMUM AVERAGE MAXIMUM
$28 $41 $170

The price range of a meal at fine-dining restaurant is 25 EUR to 150 EUR with the average cost being 38 EUR for one person. This is what you would expect to pay a top-tier diner in Athens.

Beverage prices, cappuccino, latte etc..

3 EUR 4.8 EUR 7.2 EUR
MINIMUM AVERAGE MAXIMUM
$3.3 $5.2 $7.9

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Athens is around 4.8 EUR. Price ranges between 3 EUR and 7.2 EUR depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

2.4 EUR 2.9 EUR 3.6 EUR
MINIMUM AVERAGE MAXIMUM
$2.6 $3.1 $3.9

The average price of a large bottle of milk in Athens is 2.9 EUR. The maximum what you would pay for milk is 3.6 EUR and the minimum being 2.4 EUR depending on the brand of milk and other properties.

12 eggs price

1.8 EUR 2.4 EUR 3.6 EUR
MINIMUM AVERAGE MAXIMUM
$2 $2.6 $3.9

A dozen eggs costs around 2.4 EUR on average with 1.8 EUR and 3.6 EUR being the lower and upper limits respectively.

Fresh whole chicken price

4.1 EUR 5.3 EUR 7.5 EUR
MINIMUM AVERAGE MAXIMUM
$4.5 $5.8 $8.2

The price range of a fresh whole chicken in Athens is between 4.1 EUR and 7.5 EUR depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 5.3 EUR.

Pack of beef price

4.8 EUR 7.2 EUR 14 EUR
MINIMUM AVERAGE MAXIMUM
$5.2 $7.9 $16

The price of a regular pack of beef or meat is around 7.2 EUR. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

1.9 EUR 2.7 EUR 3.8 EUR
MINIMUM AVERAGE MAXIMUM
$2.1 $2.9 $4.1

A bag of rice in Athens costs around 2.7 EUR on average with prices rangeing between 1.9 EUR and 3.8 EUR depending on the brand and quality.

Bag of tomatos price

0.72 EUR 0.97 EUR 1.8 EUR
MINIMUM AVERAGE MAXIMUM
$0.79 $1 $2

A bag of tomatoes costs anywhere from 0.72 EUR to 1.8 EUR. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

1.3 EUR 1.7 EUR 2.8 EUR
MINIMUM AVERAGE MAXIMUM
$1.4 $1.8 $3

A bag of apples costs 1.7 EUR on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


20% 28% of income 35%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Athens is around 28%. This means that individuals spend 28% of their income on grocery and basic household items. The expenditure can range from 20% to 35% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 59 EUR to 2,800 EUR with the location, income being the most determinite factors.

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