All about the cost of living in Crete

In recent years, the cost of living in Greece has risen again as the country slowly recovers from the economic crisis that has plagued it for a decade. However, for Crete’s residents, it is possible to spend their euros wisely by shopping wisely.

If you want to know more about the cost of living in Crete, read on. You can save a lot of money by buying own brand products in the large supermarkets, such as Lidl. Also, choose seasonal fresh fruit and vegetables, as imported products are often considerably more expensive. Don’t forget to visit the local farmers markets, also known as ‘laiki’; every town in Crete has one (ask locally for exact locations and days).

Cost of living in Crete: living costs

The cost of basic goods and fuel in Crete is generally slightly higher than on the mainland, mainly due to transport costs. However, the overall prices of consumer goods remain fairly competitive. It is worth shopping around and taking advantage of sales, especially in January and February and in August. This is especially true for expensive purchases such as electronic equipment and furniture.

Buying a property in Crete

For many, it is a dream to live in Crete or even to buy a property. Long days at the beach, a relaxed lifestyle and a beautiful home are very attractive. Crete offers a wide range of real estate, both for sale and for rent, which makes it possible for many people to make their dream come true. It is not only tourists who are looking for a holiday home; more and more people are considering moving to Crete permanently. The unique mix of culture, tradition and a relaxed atmosphere attracts many, while the island also offers all modern amenities.

Crete is also one of the safest places to live, with a low crime rate. The island’s health care, schools and universities are of a high standard. There are also good opportunities to start a business in the thriving tourism sector, which makes living in Crete attractive. Unlike smaller Greek islands, Crete is not solely dependent on tourism. Many restaurants, shops and bars stay open all year round, which keeps life in Crete alive even in the winter.

Buying a property in Crete can also be an excellent investment. Property prices are generally lower than in countries such as Spain, France and Italy. For more information on available properties, please consult our property listings section.

1. Costs of living in Crete: Long-term rental

Depending on location, facilities and age of the property. Prices have risen in recent years due to the popularity of Airbnb vacation rentals and there is a shortage of year-round rentals. Prices start at around €300 per month for an unfurnished one-bedroom property in a village.
A three-bedroom house or apartment in a city or popular area costs around €450 per month (older property and unfurnished) to €800 per month (newer property or villa).

2. Electricity costs for living in Crete

On average you will pay around €60 to €100 per month for a 2/3 bedroom house, with air conditioning in the summer, electric stove, water heater, for a family of four. The electricity bill also includes the municipal taxes and levies, which make up around 30 to 40% of the bill.

3. Costs of Telephone & Internet Packages in Crete

Fixed line plus fast broadband internet packages start from around €20 per month.

4. Costs of living in Crete: Going out

Eating out in Crete is still relatively cheap, especially if you eat away from the main tourist areas. Village tavernas usually offer the best quality for little money.
Meal with local wine from €13 per person.
Average 3 course meal with local wine €20 per person.
Coffee from €1.40 (cafeteria or fast food place) to €4 (upmarket cafe in town/resort)
Beer from €2.00 (cafeteria or fast food place) to €5 (cafe in town/resort)
Cinema ticket €7 to €8
Details of the cost of food etc. for Crete can be found on Numbeo.