Cost Of Education

According to the results of the Cypriot government’s Household Budget Survey 2004, average monthly outgoings for a single person were at this time CY£647 (€1,105.47), for a couple CY£970 (€1,657.34) and for a couple with two children, CY£1,358 (€2,320.28). A couple owning their home could live fairly comfortably on a net income of between CY£6,000 (€10,251.61) and CY£7,000 (€11,960.21) per year (many pensioners lived on less).

Food is cheaper than in most northern European countries and around €430 will feed two adults for a month, including (inexpensive) wine, but excluding luxuries like fillet steak, caviar and imported delicacies. Local wines and spirits are good value and eating out is affordable, a meal for two averaging €40