Cost of living in Crete (Greece)

In the last decade, Crete has become the most favoured place of residence among Western expats, even more popular than Athens and Thessaloniki, especially among those who choose to retire in this country with a golden visa. In the following sections, we will compare the quality and cost of living in Crete with Los Angeles (USA), London (UK), as well as with the average expenses for Greece.

General Expenses

Crete has everything you could be looking for, whatever your tastes and budget might be. In fact, the incredible diversity of lifestyles is one of the major reasons for its immense popularity. The table below compares prices for food, leisure and other basic expenses in Crete with LA, London and the statistical average for Greece in 2022.

 

Crete

Los Angeles

London

Greek Average

Milk

€3.2-4.5

€3-6

€3-8 €3.5-6.5

€3.5-6.5

Bread

€0.5-1.1

€2-6

€0.7-3.2

€0.6-1.4

Beef

€2.5-5.4

€4-12

€2.7-35

€3.1-5.4

Fruits

€0.3-1.1

€0.5-3

€0.4-2.1

€0.3-1.4

Veggies

€0.3-0.6

€0.3-3

€0.3-2.7

€0.2-1.5

Cheese

€3.6-7.2

€3-15

€1.3-8

€2.7-6.4

Wine

€4-7

€8-25

€7-18

€4-10

Beer

€0.8-2.1

€1.4-5

€1.4-5

€0.8-2.3

Cigarettes

€3-5

€8-12

€13-18

€4.3-5.4

Dinner for two in a mid-range restaurant

€30-60

€60-160

€54-120

€30-60

Lunch for one in a mid-range pub

€6-14

€12-25

€12-36

€6-16

McDonalds

€9-10

€8-10

€8-10

€5-8

Movie ticket

€7-7.5

€13-20

€12-24

€7-10

Gym (per month)

€35-45

€30-100

€30-100

€15-50

Clothing

€20-100

€20-200

€24-240

€20-130

Accommodation

Generally, private property is quite cheap in Greece by international standards. And as Crete is one of the most diverse places in the country, the island's real estate sector provides plenty of options for all budgets. Therefore, the figures below do not really represent any individual deals, showing instead a statistical mean or average ranges:

 

Crete

Los Angeles

London

Greek Average

One-bedroom flats to rent outside city centre

€225-300

€1,500-2,500

€1,200-2,000

€240-500

One-bedroom flats to rent in city centre

€300-500

€1,800-4,000

€1,650-3,000

€300-600

Three-bedroom flats to rent outside city centre

€400-500

€2,900-4,700

€2,000-3,600

€400-1,000

Three-bedroom flats to rent in city centre

€500-700

€3,100-6,500

€3,000-6,000

€500-1,200

Private property to buy outside city centre (per sq ft)

€40-130

€450-700

€550-1,100

€90-280

Private property to buy in city centre (per sq ft)

€70-200

€600-1,200

€930-2,150

€120-330

Utility bills

€97-100

€80-220

€170-450

€100-340

Internet

€25-40

€50-100

€30-50

€25-50

Rental yields in city centre

5.2%

5.7%

3%

4.2%

Rental yields outside city centre

5.4%

6.8%

4.3%

4.4%

Public and Private Transport

Crete has a well-developed public transport infrastructure, including flights, both local and domestic, and numerous ferry routes that connect all parts of the island. In addition, you can get almost anywhere on the island by road, the quality of which is pretty good, even though there are still no highways in the modern sense of the word.

The only thing missing in Crete is trains, although the local government purports to do something about it. Private vehicles are quite affordable too, but the current gas crisis and the consequently high prices for petrol sometimes make it cheaper to travel by bus or even taxi. Let us see how Crete compares to the other places:

 

Crete

Los Angeles

London

Greek Average

Public transport (per month)

€30-50

€55-100

€155-300

€27-43

Petrol (per litre)

€7.9-8.3

€5-6.5

€7.3-8.6

€7-9

Taxi

€0.8-0.9

€2.7-4

€2.3-5.7

€1.2-2.9

Mid-range brand-new car

€16,000-19,000

€21,000-26,000

€23,000-41,000

€18,000-23,000

Medical and Educational Services

Greece is famous worldwide for its high-quality and affordable medical practitioners. And if you move to Crete with kids, you will find lots of very good schools, colleges and universities too. If you would like to settle in an English-speaking community, you should look for a house in Chania West, Rethymno, Lasithi or Heraklion.

 

Crete

Los Angeles

London

Greek Average

Kindergarten (private, per month)

€150-250

€1,000-2,000

€1,200-2,400

€220-500

International school (private, per year)

€1,500-4,500

€12,000-35,000

€18,000-36,000

€4,000-11,000

Summary

As you can see, Crete can be a lot cheaper or much more expensive than the rest of the country. And the table below shows how much cheaper the island is overall compared to Los Angeles and London:

 

Los Angeles

London

Groceries

-50%

-30%

Clothing

-30%

-33%

Leisure

-34%

-50%

Accommodation for Rent

-86%

-84%

Private Property to Buy

-85%

-88%

Utility Bills

-39%

-37%

Public Transport

-44%

-70%

Taxi

-39%

-53%

Cars for Sale

-25%

-38%

Education

-85%

-88%

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