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Cost of Living in Ioannina

If you're moving to Ioannina, understanding the the cost of living in Ioannina helps you know what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.
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Category Details
Apartment Rentals
  • 1-bedroom apartment in the city center: €250 – €350 per month
  • 1-bedroom apartment outside the city center: €200 – €300 per month
  • 3-bedroom apartment in the city center: €400 – €600 per month
  • 3-bedroom apartment outside the city center: €350 – €500 per month
Apartment Purchases
  • Price per square meter in the city center: €1,000 – €1,500
  • Price per square meter outside the city center: €800 – €1,200
Transportation
  • One-way local transportation ticket: €1.20
  • Monthly transportation pass: €30
  • Taxi starting tariff: €3.50, plus €1.00 per km
  • Gasoline (1 liter): €1.60
Groceries
  • Milk (1 liter): €1.20
  • Bread (500g): €0.80
  • Rice (1kg): €1.50
  • Eggs (12): €2.50
  • Chicken breasts (1kg): €6.00
  • Apples (1kg): €1.50
  • Tomatoes (1kg): €1.20
  • Water (1.5-liter bottle): €0.50
Restaurants
  • Meal at an inexpensive restaurant: €10
  • Three-course meal for two at a mid-range restaurant: €40
  • Fast food meal: €6
  • Cappuccino: €2.50
  • Domestic beer (0.5-liter draught): €3.50
  • Imported beer (0.33-liter bottle): €3.00
  • Soft drink (0.33-liter bottle): €1.50
Utilities
  • Basic utilities (electricity, heating, cooling, water, garbage) for an 85m2 apartment: €100 – €150 per month
  • Internet (60 Mbps or more, unlimited data, cable/ADSL): €25 – €35 per month
  • Mobile phone tariff (1 minute of prepaid mobile tariff, no discounts or plans): €0.10 – €0.20
Private School Tuition
  • Preschool (or Kindergarten): €300 – €500 per month
  • Elementary School: €4,000 – €6,000 per year
  • Middle School: €5,000 – €7,000 per year
  • High School: €6,000 – €8,000 per year
Please note that the prices mentioned above are approximate and may vary depending on various factors such as location, time of the year, and individual preferences. It is always advisable to research and compare prices before making any decisions.

Monthly Budget for Retirees in Ioannina

“The cost of living in Ioannina is considered to be relatively affordable compared to other European cities. Rent for a one-bedroom apartment in the city center is quite reasonable, while outside the city center, it is even cheaper. The cost of utilities such as electricity, heating, cooling, water, and garbage is also quite low. Groceries in Ioannina are reasonably priced, with local markets offering fresh produce at lower costs. Eating out at an inexpensive restaurant is also quite affordable, while a three-course meal for two people at a mid-range restaurant can be a bit more expensive. Public transportation in Ioannina is also quite affordable, with a one-way ticket costing less than a cup of coffee. However, owning and maintaining a car can be more expensive due to the cost of gasoline. Healthcare in Ioannina is generally affordable, especially if you are covered by public health insurance. However, private healthcare can be more expensive. In terms of leisure activities, the cost can vary. For instance, a monthly gym membership is moderately priced, while cinema tickets are quite cheap. Overall, the cost of living in Ioannina is quite affordable, especially when compared to larger cities in Greece such as Athens or Thessaloniki. However, it’s important to note that salaries in Ioannina are also generally lower than in these larger cities,” said one expat living in Ioannina.

Can I live in Ioannina on $1,500 a month?

“I’ve been living in Ioannina 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 neighborhood to live in. I recommend looking into areas like Katsikas, Anatoli, or Neochoropoulo. These neighborhoods are more budget-friendly and still offer decent living conditions. On the other hand, you might want to avoid more expensive neighborhoods like the city center or the area around the lake, as rents can be significantly higher there.When it comes to transportation, you can save money by using public transportation or even walking or biking to work if it’s not too far. Owning a car can be quite expensive, considering the cost of gas, insurance, and maintenance. So, it’s better to rely on public transport or other cheaper alternatives.As for groceries and eating out, you’ll have to be mindful of your spending. Shopping at local markets and cooking at home can save you a lot of money compared to eating out at restaurants. If you do want to eat out occasionally, try to find more affordable places like local tavernas or souvlaki joints, rather than high-end restaurants.Entertainment and leisure activities can also be a significant expense, so you’ll have to be selective about what you do in your free time. Instead of going to the movies or attending concerts, you can explore the beautiful nature around Ioannina, like the lake or the nearby mountains, which are free or low-cost activities. Additionally, you can take advantage of the many cultural events and festivals that take place in the city throughout the year, as many of them are free or have a minimal entrance fee.In conclusion, living comfortably on $1,500 a month in Ioannina is possible, but you’ll have to make some sacrifices and be mindful of your spending. By choosing an affordable neighborhood, relying on public transportation, cooking at home, and enjoying low-cost leisure activities, you can make it work,” commented an expat living in Ioannina.

Can I live in Ioannina on $3,500 a month?

“I’ve been living in Ioannina for a while now, and I can tell you that it’s definitely possible to live comfortably on $3,000 a month, even if you’re used to modern amenities. However, you might have to make some sacrifices to make it work. For example, you might need to choose a smaller apartment or live a bit further from the city center to save on rent. In terms of affordable neighborhoods, I would recommend looking into areas like Neochoropoulo, Katsikas, or Anatoli. These neighborhoods are a bit further from the city center, but they offer more affordable housing options while still providing access to modern amenities. On the other hand, you might want to avoid more expensive neighborhoods like the city center or the area around the University of Ioannina, as these tend to have higher rent prices.Another thing to consider is transportation. If you’re used to having a car, you might need to rely more on public transportation or even walking to save on expenses. Luckily, Ioannina has a decent bus system, and many areas are walkable, so this shouldn’t be too much of an issue.When it comes to dining out and entertainment, you might need to be more selective about where you go and how often you go out. There are plenty of affordable tavernas and cafes in Ioannina, but you might need to cut back on more expensive restaurants or nights out at bars and clubs.Overall, living in Ioannina on $3,000 a month is doable, but you’ll need to be mindful of your spending and make some sacrifices in terms of housing and lifestyle choices. But in my experience, the beautiful surroundings, rich history, and friendly locals make it well worth it,” said one expat living in Ioannina.

Can I live in Ioannina on $5,000 a month?

“I’ve been living in Ioannina for a few years now, and I can tell you that it’s definitely possible to live comfortably on $5,000 a month, even if you’re used to modern amenities. In fact, you might not have to make too many sacrifices at all. The cost of living in Ioannina is generally lower than in many other European cities, so your money will go further here.When it comes to housing, you’ll find that there are plenty of affordable options in nice neighborhoods. Some areas you might want to consider are Katsikas, Anatoli, and Neochoropoulo. These neighborhoods are not too far from the city center and offer a good mix of modern apartments and traditional houses. You can expect to pay around $500 to $800 per month for a decent-sized apartment in these areas.On the other hand, if you’re looking for something more upscale, you might want to check out neighborhoods like Nissaki and Amfithea. These areas are known for their luxury villas and beautiful views, but they can be quite expensive. Renting a place in these neighborhoods could easily set you back $1,500 to $2,500 per month, so you might want to avoid them if you’re trying to stick to a budget.As for other expenses, you’ll find that groceries, utilities, and transportation are all quite affordable in Ioannina. Eating out at local tavernas and cafes is also relatively inexpensive, so you won’t have to sacrifice your social life to save money. However, if you’re used to dining at high-end restaurants or frequenting trendy bars, you might need to cut back on those activities a bit to stay within your budget.Overall, I think you’ll find that living in Ioannina on $5,000 a month is not only doable but also quite comfortable. You’ll be able to enjoy the city’s rich history, beautiful scenery, and friendly locals without having to worry too much about your finances. Just be mindful of your spending habits and choose a neighborhood that fits your budget, and you should be able to make it work,” commented an expat living in Ioannina.

Joshua WoodJoshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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