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Cost of Living in Peyia, Cyprus | Expat Exchange
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Cost of Living in Peyia, Cyprus

By Joshua Wood, LPC

Last updated on Mar 17, 2025

Summary: What is the cost of living in Peyia, Cyprus? Hear what expats, digital nomads and retirees living in Peyia have to say about the cost of housing, health insurance and general living costs.

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Is the cost of living in Peyia high?

We asked people how much they someone comfortably live on in Peyia, they wrote:

"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," remarked one in Peyia.

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Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.

Avertiss Real EstateAvertiss Real Estate

Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.
Get Quote

Will I save money living in Peyia?

"The cost of living in Peyia is generally lower than in many parts of the United States. This includes expenses such as housing, groceries, and dining out. Utilities, such as electricity, heating, cooling, and water, are also typically less expensive in Peyia than in the U.S. Healthcare in Cyprus is also generally more affordable than in the U.S. However, the cost of certain goods, such as clothing and electronics, may be higher in Cyprus due to import costs. Additionally, your personal lifestyle and spending habits will also significantly impact how much you save. Therefore, while you can potentially save money by moving to Peyia, it's important to consider all factors and potential expenses," explained one expat living in Peyia.

What is the average cost of housing in Peyia?

If you are thinking about moving to Peyia, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Peyia can vary greatly depending on the type and size of the property. For instance, a one-bedroom apartment in the city center may cost around €500 per month to rent, while a three-bedroom house could cost upwards of €1,000 per month. If you're looking to buy property, a standard three-bedroom house might be priced around €250,000, while luxury villas with sea views can cost over €1 million. However, these prices can fluctuate based on market conditions and other factors," explained one expat living in Peyia.

Avertiss Real Estate

Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.

Learn MoreGet Quote

Avertiss Real Estate

Avertiss is a professional brokerage firm that offers services in real estate and its related fields. We represent buyers and sellers in both the northern and southern parts of the island of Cyprus. Our brokerage consists of highly experienced professionals specializing in real estate investment, lifestyle, legal services, and valuation advisory.

Learn MoreGet Quote

About the Author

Joshua Wood Joshua 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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We've partnered with Avertiss to help you find the perfect home in Cyprus.
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We've partnered with Avertiss to help you find the perfect home in Cyprus.
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