Is Greece expensive to live in?
Updated May 2026· By Net Life Value Editorial
AI Answer
No, Greece is not expensive to live in, especially compared to the US. Overall, prices are about 24% lower, with a price index of 76 (US = 100) for everyday goods and services.
Rent is significantly cheaper, around 70% less than in the US. A one-bedroom apartment in a city center might cost €400-€600 ($430-$645) per month, while outside the center, it could be €300-€500 ($320-$540). Groceries are also more affordable, with local produce and staples costing less.
However, income tax rates can be high, ranging from 9% to 44%, depending on your income bracket. For example, income over €40,000 is taxed at 35%, and over €100,000 at 44%. This can impact your net income if you're earning a US-level salary.
Greece offers good value for money, scoring 7.1 out of 10 for Net Life Value. If you can manage the tax implications, your day-to-day expenses will be considerably lower than in the States.