"In major urban centers like Athens and Thessaloniki, the cost of living has risen noticeably in recent years. A combination of foreign investment, the growth of short-term rentals, and steady tourism demand has pushed rents upward, making housing the single most significant factor in any budget."
"A one-bedroom apartment in a desirable area of central Athens now ranges from around €800 to €1,400 per month, while Thessaloniki remains somewhat more affordable, typically between €600 and €1,000."
"Beyond rent, everyday expenses in Greece remain relatively manageable. Utilities, including electricity, water, and heating, generally fall between €120 and €200 per month, while internet services add another €25 to €40."
"Dining out, an essential part of Greek culture, remains accessible compared to other European countries, although regular restaurant visits can obviou."
Greece has been an attractive destination for retirees and remote workers due to its affordable cost of living. However, by 2026, rising housing prices and economic changes are altering this perception. Major cities like Athens and Thessaloniki have seen significant rent increases driven by foreign investment and tourism. A one-bedroom apartment in Athens can cost between €800 and €1,400, while Thessaloniki is slightly more affordable. Despite rising housing costs, everyday expenses like utilities and groceries remain manageable, making dining out still accessible.
Read at GreekReporter.com
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