| Apartment Rentals | Rent for a one-bedroom apartment in the city center of Peyia is around €500-€600 per month. Rent for a three-bedroom apartment in the city center is around €800-€1,000 per month. Rent for a one-bedroom apartment outside the city center is around €400-€500 per month. Rent for a three-bedroom apartment outside the city center is around €600-€800 per month. |
| Apartment Purchases | The cost of purchasing an apartment in Peyia varies depending on the size and location. Prices for a one-bedroom apartment in the city center range from €100,000-€150,000. Prices for a three-bedroom apartment in the city center range from €150,000-€200,000. Prices for a one-bedroom apartment outside the city center range from €80,000-€120,000. Prices for a three-bedroom apartment outside the city center range from €120,000-€160,000. |
| Transportation | Public transportation in Peyia is relatively inexpensive. A single bus ticket costs €1.50 and a monthly bus pass costs €20. Taxis are also available and the cost of a taxi ride within the city is around €10-€15. Car rentals are also available and the cost of renting a car for a day is around €50-€60. |
| Groceries | The cost of groceries in Peyia is relatively inexpensive. A loaf of bread costs around €1.50, a liter of milk costs around €1.50, a dozen eggs costs around €2.50, and a kilogram of chicken costs around €5.00. |
| Restaurants | The cost of eating out in Peyia varies depending on the type of restaurant. A meal at a fast food restaurant costs around €5-€7, while a meal at a mid-range restaurant costs around €15-€20. A meal at a high-end restaurant costs around €30-€40. |
| Utilities | The cost of utilities in Peyia is relatively inexpensive. The average cost of electricity is around €0.20 per kWh, the average cost of water is around €2.50 per cubic meter, and the average cost of internet is around €30 per month. |
| Private School Tuition | The cost of private school tuition in Peyia varies depending on the school and the grade level. The average cost of tuition for preschool is around €2,000-€3,000 per year. The average cost of tuition for elementary school is around €3,000-€4,000 per year. The average cost of tuition for middle school is around €4,000-€5,000 per year. The average cost of tuition for high school is around €5,000-€6,000 per year. |
Monthly Budget for Retirees in Peyia
“The cost of living in Peyia is considered to be relatively affordable compared to other European destinations. Rent for a one-bedroom apartment in the city center is moderately priced, while outside the city center, it is significantly cheaper. The cost of utilities such as electricity, heating, cooling, water, and garbage is also quite reasonable. Groceries in Peyia are reasonably priced, with local markets offering fresh produce at lower costs. Dining out in Peyia can vary, with inexpensive restaurants being quite affordable, while a three-course meal for two in a mid-range restaurant can be a bit more expensive. Transportation costs in Peyia are also quite affordable, with a one-way ticket on local transport being quite cheap. Gasoline prices are somewhat high, similar to the rest of Europe. Healthcare in Peyia is of a good standard and is relatively affordable. Private health insurance is recommended for expats. Overall, the cost of living in Peyia, Cyprus is quite affordable, particularly when compared to other popular expat destinations in Europe. However, it’s always a good idea to research and plan your budget according to your lifestyle and needs,” said one expat living in Peyia.
Can I live in Peyia on $1,500 a month?
“I’ve been living in Peyia for a while now, and I can tell you that it’s possible to live comfortably on $1,500 a month, but you’ll have to make some sacrifices. First, you’ll need to find an affordable place to live. I recommend looking for apartments in the older parts of Peyia, where rents are generally lower. You might also consider sharing an apartment with a roommate to cut costs. The more upscale neighborhoods, like Coral Bay, are beautiful but can be quite expensive, so you might want to avoid those areas if you’re on a tight budget.When it comes to transportation, owning a car can be costly, so I suggest using public transportation or getting a bicycle to get around. The bus system in Peyia is quite reliable and affordable, and you can save a lot of money by not having to pay for gas, insurance, and maintenance on a car.Eating out can also be expensive, so I recommend cooking at home as much as possible. There are several local markets where you can buy fresh produce and other groceries at reasonable prices. If you do want to eat out occasionally, there are some affordable tavernas and cafes in the area that offer delicious local cuisine at reasonable prices.As for entertainment, there are plenty of free or low-cost activities to enjoy in Peyia and the surrounding areas. You can spend your days exploring the beautiful beaches, hiking in the nearby Akamas Peninsula National Park, or visiting the many historical sites in the area. There are also several local festivals and events throughout the year that are either free or have a minimal entrance fee.In summary, living comfortably on $1,500 a month in Peyia, Cyprus is possible, but you’ll need to be mindful of your spending and make some sacrifices. By choosing an affordable neighborhood, using public transportation, cooking at home, and enjoying low-cost entertainment options, you can make it work,” commented an expat living in Peyia.
Can I live in Peyia on $3,500 a month?
“I’ve been living in Peyia for a while now, and I can tell you that it’s definitely possible to live comfortably on $3,000 a month, especially if you’re used to modern amenities. However, there might be some sacrifices you’ll have to make to ensure you stay within your budget.Firstly, you’ll want to find an affordable place to live. Peyia has a mix of both expensive and more budget-friendly neighborhoods. I’d recommend looking for an apartment or house in areas like Lower Peyia or near the village center, as these tend to be more affordable. You might have to compromise on the size or the view, but you’ll still be able to find a comfortable place to live.When it comes to utilities, you’ll find that they’re generally quite affordable in Cyprus. However, you might want to be mindful of your electricity usage, especially during the hot summer months when you’ll likely be using air conditioning more often. To save on electricity, try to use energy-efficient appliances and turn off lights and electronics when not in use.Groceries and eating out can also be quite affordable in Peyia, especially if you shop at local markets and eat at local tavernas. However, if you’re used to eating out at high-end restaurants or buying imported goods, you might have to cut back on these expenses to stay within your budget.Transportation costs can also add up, so I’d recommend getting a small, fuel-efficient car or even a scooter to get around. Public transportation is limited in Peyia, so having your own vehicle will be essential. Plus, it’ll give you the freedom to explore the beautiful surrounding areas of Cyprus.Lastly, you might have to cut back on some leisure activities and entertainment expenses. While there are plenty of free or low-cost things to do in Peyia, such as hiking, swimming, or visiting local attractions, you might have to limit how often you go out for drinks or attend events with entrance fees.Overall, living in Peyia on $3,000 a month is definitely doable, but you’ll have to be mindful of your spending and make some sacrifices to ensure you stay within your budget,” said one expat living in Peyia.
Can I live in Peyia on $5,000 a month?
“I’ve been living in Peyia for a while now, and I can tell you that it’s definitely possible to live comfortably on $5,000 a month, especially if you’re used to modern amenities. The cost of living here is relatively low compared to other European countries, so you won’t have to make too many sacrifices to make it work. In terms of housing, you can find a nice apartment or even a small villa for around $1,000 to $1,500 a month, depending on the location and size. I’d recommend looking for a place in the central part of Peyia, as it’s close to shops, restaurants, and other amenities. The neighborhoods around the village square are particularly nice and still quite affordable. If you’re looking for something more upscale, you might want to check out the Sea Caves area, which is known for its luxury villas and stunning views of the Mediterranean. However, keep in mind that properties in this area can be quite expensive, so you might have to adjust your budget accordingly. When it comes to utilities and other monthly expenses, you can expect to spend around $200 to $300 on things like electricity, water, and internet. Groceries are also quite affordable, with a monthly budget of around $300 to $400 being more than enough to cover your needs. Eating out and entertainment options are also reasonably priced, with a meal at a decent restaurant costing around $15 to $20 per person. There are also plenty of bars, cafes, and other leisure activities to enjoy without breaking the bank. One thing to keep in mind is that public transportation in Peyia is limited, so you might want to consider getting a car to get around more easily. Gas prices are a bit higher than in the US, but with your budget, it shouldn’t be a problem. Overall, I think you’ll find that living in Peyia on $5,000 a month is not only doable but also quite comfortable. You won’t have to make too many sacrifices, and you’ll still be able to enjoy all the modern amenities you’re used to,” commented an expat living in Peyia.
