Last update: Nov 2026

Cost of Living Comparison Between London and Mykonos

For one person, living is cheaper in Mykonos: $1,448 a month against $4,048 in London, rent and utilities included – about $31,200 less a year. Rent and utilities account for most of the difference.

196

Cost of Living Index in London
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London Living Index
69

Cost of Living Index in Mykonos
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Mykonos Living Index

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London

🇬🇧 United Kingdom

$4,048

/mo nomad

Mykonos

🇬🇷 Greece

$1,448

/mo nomad

Monthly Cost of Living

How much you'll spend in London and in Mykonos

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in London and in Mykonos actually costs, broken down by who's living it.

A single person spends $4,048 per month in London vs $1,448 in Mykonos, rent included.

London $4,048
Mykonos $1,448

A couple spends around $5,903 per month in London vs $2,199 in Mykonos, rent included.

London $5,903
Mykonos $2,199

A family of three spends $7,758 per month in London vs $2,950 in Mykonos, rent included.

London $7,758
Mykonos $2,950

London costs about 180% more than Mykonos, and outside of rent the biggest gap is in transport.

Both London and Mykonos sit above the global median – London by 199%, Mykonos by 7%.

Meal at Budget Restaurant

$26.36 £19.68

$13.09 €11.71

101.38%

Three-Course Dinner for Two, Mid-Range

$109 £81.1

$54.9 €49.09

97.90%

Fast Food Meal (McDonalds, etc)

$10.71 £8.00

$7.98 €7.14

34.21%

Cappuccino

$5.59 £4.17

$3.65 €3.27

53.15%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.00 £2.24

$2.43 €2.18

23.46%

Water (0.33 liter bottle)

$2.22 £1.66

$0.73 €0.66

204.11%

Local Beer (0.5 liter draught)

$9.65 £7.20

$4.43 €3.96

117.83%

Imported Beer (0.33 liter bottle)

$8.26 £6.16

$5.43 €4.86

52.12%

Milk (1 liter)

$1.97 £1.47

$1.78 €1.59

10.67%

White Bread (500g)

$2.09 £1.56

$1.50 €1.34

39.33%

Rice (white) (1kg)

$2.59 £1.94

$1.64 €1.47

57.93%

Eggs

$5.37 £4.01

$4.37 €3.91

22.88%

Local Cheese (1kg)

$13.12 £9.79

$15.68 €14.03

-16.33%

Chicken Fillets (1kg)

$11.03 £8.23

$10.73 €9.61

2.80%

Beef Round Steak (1kg)

$17.73 £13.23

$15.37 €13.75

15.35%

Apples (1kg)

$3.17 £2.37

$2.14 €1.92

48.13%

Banana (1kg)

$1.38 £1.03

$2.06 €1.85

-33.01%

Oranges (1kg)

$2.82 £2.11

$1.34 €1.20

110.45%

Tomato (1kg)

$3.36 £2.51

$1.68 €1.51

100.00%

Potato (1kg)

$1.70 £1.27

$1.22 €1.09

39.34%

Onion (1kg)

$1.78 £1.33

$1.18 €1.06

50.85%

Lettuce (1 head)

$1.49 £1.11

$0.90 €0.80

65.56%

Water (1.5 liter bottle)

$1.82 £1.36

$0.72 €0.64

152.78%

Cigarettes 20 Pack (Marlboro, Camel)

$23.85 £17.80

$5.12 €4.58

365.82%

Wine (Bottle)

$13.44 £10.03

$7.60 €6.80

76.84%

Local Beer (0.5 liter bottle)

$3.11 £2.32

$2.35 €2.10

32.34%

Imported Beer (0.33 liter bottle)

$4.49 £3.35

$2.92 €2.62

53.77%

One-way Ticket (Public Transport)

$4.13 £3.08

$1.34 €1.20

208.21%

Public Transport Monthly Pass (Regular Price)

$266 £199

$49.32 €44.13

439.29%

Taxi Start (Normal Tariff)

$5.98 £4.46

$4.39 €3.93

36.22%

Taxi (Normal Tariff) (1km)

$3.39 £2.53

$1.15 €1.03

194.78%

Taxi 1hour Waiting (Normal Tariff)

$56.6 £42.21

$11.27 €10.09

401.77%

Gasoline (1 liter)

$2.21 £1.65

$2.15 €1.92

2.79%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$38.3K £28.6K

$28.4K €25.4K

34.61%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$41.0K £30.6K

$24.1K €21.6K

69.99%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$372 £278

$196 €175

90.29%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$18.66 £13.93

$30.15 €26.98

-38.11%

Internet (50+ Mbps, Unlimited Data)

$40.53 £30.26

$38.56 €34.50

5.11%

Gym Membership (Monthly)

$56.0 £41.82

$50.7 €45.32

10.60%

Tennis Court (1 Hour on Weekend)

$17.10 £12.76

$25.20 €22.55

-32.14%

Cinema Ticket

$17.95 £13.40

$8.92 €7.98

101.23%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$2,946 £2,199

$418 €374

605.50%

International Primary School, 1 Child (Yearly)

$47.6K £35.5K

$4,075 €3,647

1068.49%

Jeans (Levis 501 Or Similar)

$116 £86.8

$91.1 €81.5

27.67%

Summer Dress (H&M, Zara, etc)

$56.9 £42.47

$42.06 €37.63

35.28%

Sport Shoes (Adidas, Nike)

$128 £95.5

$85.2 €76.3

50.09%

Men's Leather Business Shoes

$154 £115

$133 €119

16.07%

1-bedroom Apartment, City Center (Monthly)

$2,935 £2,191

$497 €445

490.36%

1-bedroom Apartment, Outside City Center (Monthly)

$2,258 £1,686

$382 €342

490.77%

3-bedroom Apartment, City Center (Monthly)

$5,250 £3,919

$726 €650

623.25%

3-bedroom Apartment, Outside City Center (Monthly)

$3,859 £2,881

$612 €547

530.85%

Buy Apartment in City Center (m2)

$17.2K £12.8K

$2,474 €2,214

594.64%

Buy Apartment Outside City Center (m2)

$8,278 £6,179

$1,996 €1,786

314.77%

Average Monthly Net Salary (After Tax)

$5,621 £4,196

$1,648 €1,475

241.02%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.78

4.44

7.66%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for London: November 1, 2026

Last update for Mykonos: November 1, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

London

$2.3K 55.8%

Mykonos

$382 26.4% 83.1% $1.9K

Monthly Utilities & Internet

London

$432 10.7%

Mykonos

$264 18.3% 38.7% $167

Eating Out

London

$396 9.8%

Mykonos

$218 15.1% 44.9% $178

Groceries & Markets

London

$360 8.9%

Mykonos

$292 20.1% 19.1% $69

Getting Around

London

$305 7.6%

Mykonos

$65 4.5% 78.8% $241

Clothing & Footwear

London

$205 5.1%

Mykonos

$158 10.9% 22.9% $47

Sport & Entertainment

London

$92 2.3%

Mykonos

$68 4.7% 25.5% $23

Cost Breakdown

A central one-bedroom costs $2,935 in London versus $497 in Mykonos. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in London are about 3.4 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $109 in London versus $55 in Mykonos. Monthly groceries follow the same trend: $360 vs $292 – making Mykonos the more affordable choice for daily food spending.

Good to know

🇬🇧 London

🇬🇷 Mykonos

🕒 Local time

16:35 4:35 PM

18:35 6:35 PM

2 h ahead of London

🌤 Weather

👥 Population

8,908,083 Capital

10,704

💱 Currency

British Pound GBP £

Euro EUR €

📈 Exchange rate

1 GBP = 1.34 USD

1 GBP = 1.19 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to GBP – British Pound Converter

🇺🇸 United States Dollar ($)

🇬🇧 British Pound (£)

British Pound exchange rates as of November 6, 2026: 1 USD = 0.747 GBP (1 GBP = 1.34 USD). 1 EUR = 0.838 GBP (1 GBP = 1.19 EUR).

Euro exchange rates as of November 6, 2026: 1 USD = 0.895 EUR (1 EUR = 1.12 USD).

USD to GBP in detail →

On the map

Lowest

Highest

Between locations

London Mykonos 2,540 km ≈ 3 h 45 min nonstop flight

From you

London
Mykonos

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

London vs Mykonos: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $4,048 in London, $1,448 in Mykonos – Mykonos comes out roughly 64% cheaper. Outside of rent, the biggest gap is in transport.

For a comfortable life, plan on about $6,072 per month in London and $2,171 in Mykonos. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Mykonos, especially for central apartments: a one-bedroom in the center costs $497 there versus $2,935 in London.

Groceries cost about 24% more in London, though the gap depends on what you buy.

A mid-range dinner for two costs $109 in London and $55 in Mykonos. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Mykonos, where all-in costs run around $1,448, than in London at $4,048. In Mykonos it covers expenses comfortably, while in London it requires careful planning or may not stretch far enough.

Families tend to lean toward Mykonos – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Mykonos. If higher salaries or specific career opportunities are the priority, London makes more sense. Both are solid long-term options with distinct trade-offs.