Greece Cost of Living for Retirees - 2026 Edition
Jan 6, 2026
Greece Cost of Living for Retirees - 2026 Guide
Greece has become an increasingly attractive destination for retirees, drawn by its welcoming population, pleasant climate, tax incentives and relatively affordable cost of living. Before making this decision it is crucial to understand the financial aspects of it. In this post, we delve into the topic of cost of living for a retiree, breaking down the various expenses retirees can expect, including housing, groceries, utilities, and regional cost variations.
Numbeo reports that estimated monthly costs for a single person are €775 per month, excluding rent. That said, this certainly depends on location and lifestyle.
Housing Costs
Housing expenses in Greece vary significantly based on location, particularly in relation to proximity to the sea and city centres. In Athens, one-bedroom rentals typically range between €300 and €800 per month, while two or three-bedroom apartments can range between €600 and €2,000 monthly. Location is a crucial factor: Kolonaki and Glyfada rank among Greece's priciest neighbourhoods, but more affordable options can be found in other districts. Property purchase prices also fluctuate: the average price per square meter in central Athens is around €2,100, while the upscale southern coast reaches €3,750. Crete's vibrant coastal cities, Chania and Rethymno, see property prices averaging €2,000. Southern Peloponnese, home to the charming city of Kalamata, offers more affordable options below €1,700 per square meter, while many less known areas in the centre and north of the country are very competitive at below €1,000. Explore our post, “Retiring in Greece: 15 Top Destinations with Expert Insights for 2026,” for a deep dive into the best retirement hotspots across the country. Overall, Greece offers a diverse range of property options, often at more competitive prices than many other European markets.
Utility Expenses
Monthly utility costs in Greece are generally reasonable. Electricity typically starts at €100 per month, with picks in the summer due to A/C. Water bills range from €20 to €30 per month. High-speed internet and cable TV packages are available for approximately €50 monthly.
Grocery Costs
Grocery expenses in Greece are accessible, but not cheap. They are usually in line or lower than in many other countries including the UK or USA, with high quality levels. Smart spending pays off, with weekly markets being more affordable than supermarkets.
Healthcare Expenses
Healthcare in Greece is both accessible and affordable. Most Greeks rely on the free public healthcare system and turn to the private sector when necessary, as private healthcare remains well priced compared to other countries. Private health insurance plans are available and are compulsory for ex-EU retirees. Monthly premiums start around €120 for individuals below 75 years. These plans often include coverage for various medical services and procedures, ensuring retirees have access to quality healthcare without significant financial strain.
Transportation Costs
Public transportation in Greece is efficient and economical. Buses are the most common way of transport, while the railway system is limited. Within the city, Athens boasts an extensive metro system, while Thessaloniki recently inaugurated its first metro line. As a result, many residents outside Athens decide to own a vehicle, which entails additional expenses such as fuel, insurance, maintenance and taxes.
Conclusion
Retiring in Greece offers a blend of cultural richness and affordability. With an average monthly living cost of around €1,500, including rent, retirees can enjoy a comfortable lifestyle. In Athens, this figure may rise all the way up to €3,000 due to higher housing costs. By understanding the various expenses and regional cost differences, retirees can make informed decisions to align their retirement plans with their financial resources.
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