Last update: Oct 2026

Cost of Living Comparison Between Mykonos and Cape Town

For one person, living is cheaper in Mykonos: $1,461 a month against $1,586 in Cape Town, rent and utilities included – about $1,500 less a year. Higher rent and utilities in Cape Town outweigh lower spending on other living expenses.

71

Cost of Living Index in Mykonos
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Mykonos Living Index
77

Cost of Living Index in Cape Town
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Cape Town Living Index

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Mykonos

🇬🇷 Greece

$1,461

/mo nomad

Cape Town

🇿🇦 South Africa

$1,586

/mo nomad

Monthly Cost of Living

How much you'll spend in Mykonos and in Cape Town

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

A single person spends $1,461 per month in Mykonos vs $1,586 in Cape Town, rent included.

Mykonos $1,461
Cape Town $1,586

A couple spends around $2,231 per month in Mykonos vs $2,425 in Cape Town, rent included.

Mykonos $2,231
Cape Town $2,425

A family of three spends $3,000 per month in Mykonos vs $3,263 in Cape Town, rent included.

Mykonos $3,000
Cape Town $3,263

Mykonos is about 8% cheaper than Cape Town, and outside of rent the biggest gap is in groceries.

Both Mykonos and Cape Town sit above the global median – Mykonos by 8%, Cape Town by 17%.

Meal at Budget Restaurant

$12.90 €11.47

$12.14 R 200

6.26%

Three-Course Dinner for Two, Mid-Range

$55.2 €49.10

$45.34 R 747

21.75%

Fast Food Meal (McDonalds, etc)

$8.15 €7.25

$5.88 R 96.9

38.61%

Cappuccino

$3.69 €3.28

$2.50 R 41.18

47.60%

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

$2.36 €2.10

$1.27 R 20.94

85.83%

Water (0.33 liter bottle)

$0.78 €0.69

$0.98 R 16.14

-20.41%

Local Beer (0.5 liter draught)

$4.79 €4.26

$2.99 R 49.33

60.20%

Imported Beer (0.33 liter bottle)

$5.26 €4.68

$3.72 R 61.4

41.40%

Milk (1 liter)

$1.71 €1.52

$1.30 R 21.40

31.54%

White Bread (500g)

$1.50 €1.33

$1.25 R 20.68

20.00%

Rice (white) (1kg)

$1.64 €1.46

$2.23 R 36.76

-26.46%

Eggs

$4.15 €3.69

$3.11 R 51.2

33.44%

Local Cheese (1kg)

$15.77 €14.03

$9.06 R 149

74.06%

Chicken Fillets (1kg)

$10.73 €9.55

$6.92 R 114

55.06%

Beef Round Steak (1kg)

$15.21 €13.53

$9.30 R 153

63.55%

Apples (1kg)

$2.21 €1.97

$1.84 R 30.25

20.11%

Banana (1kg)

$2.05 €1.82

$1.96 R 32.29

4.59%

Oranges (1kg)

$1.37 €1.22

$1.67 R 27.45

-17.96%

Tomato (1kg)

$1.76 €1.56

$2.17 R 35.70

-18.89%

Potato (1kg)

$1.22 €1.09

$1.57 R 25.81

-22.29%

Onion (1kg)

$1.21 €1.08

$1.48 R 24.45

-18.24%

Lettuce (1 head)

$0.89 €0.79

$1.30 R 21.41

-31.54%

Water (1.5 liter bottle)

$0.77 €0.69

$1.13 R 18.60

-31.86%

Cigarettes 20 Pack (Marlboro, Camel)

$4.94 €4.39

$3.60 R 59.3

37.22%

Wine (Bottle)

$7.88 €7.00

$6.15 R 101

28.13%

Local Beer (0.5 liter bottle)

$2.33 €2.07

$1.38 R 22.66

68.84%

Imported Beer (0.33 liter bottle)

$2.86 €2.54

$2.14 R 35.20

33.64%

One-way Ticket (Public Transport)

$1.32 €1.17

$1.50 R 24.65

-12.00%

Public Transport Monthly Pass (Regular Price)

$50.5 €44.95

$60.8 R 1,001

-16.82%

Taxi Start (Normal Tariff)

$4.48 €3.99

$0.59 R 9.71

659.32%

Taxi (Normal Tariff) (1km)

$1.10 €0.98

$1.50 R 24.65

-26.67%

Taxi 1hour Waiting (Normal Tariff)

$11.09 €9.87

$5.11 R 84.2

117.03%

Gasoline (1 liter)

$2.27 €2.02

$1.55 R 25.50

46.45%

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

$27.5K €24.4K

$36.2K R 596.5K

-24.08%

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

$24.5K €21.7K

$31.2K R 514.8K

-21.75%

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

$195 €174

$114 R 1,883

70.93%

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

$30.85 €27.44

$28.91 R 476

6.71%

Internet (50+ Mbps, Unlimited Data)

$37.38 €33.25

$39.73 R 654

-5.91%

Gym Membership (Monthly)

$50.4 €44.87

$49.01 R 808

2.92%

Tennis Court (1 Hour on Weekend)

$27.90 €24.82

$10.99 R 181

153.87%

Cinema Ticket

$8.70 €7.74

$9.15 R 151

-4.92%

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

$406 €361

$259 R 4,264

56.71%

International Primary School, 1 Child (Yearly)

$3,951 €3,514

$6,794 R 111.9K

-41.85%

Jeans (Levis 501 Or Similar)

$87.8 €78.1

$56.2 R 926

56.34%

Summer Dress (H&M, Zara, etc)

$42.90 €38.16

$32.41 R 534

32.37%

Sport Shoes (Adidas, Nike)

$84.2 €74.9

$121 R 1,987

-30.15%

Men's Leather Business Shoes

$135 €120

$108 R 1,781

25.06%

1-bedroom Apartment, City Center (Monthly)

$483 €430

$1,021 R 16.8K

-52.71%

1-bedroom Apartment, Outside City Center (Monthly)

$396 €352

$717 R 11.8K

-44.75%

3-bedroom Apartment, City Center (Monthly)

$648 €576

$1,824 R 30.1K

-64.49%

3-bedroom Apartment, Outside City Center (Monthly)

$658 €586

$1,327 R 21.9K

-50.38%

Buy Apartment in City Center (m2)

$2,909 €2,587

$2,391 R 39.4K

21.65%

Buy Apartment Outside City Center (m2)

$2,298 €2,044

$1,542 R 25.4K

49.04%

Average Monthly Net Salary (After Tax)

$1,626 €1,447

$1,639 R 27.0K

-0.76%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.44

10.97

-59.53%

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

Last update for Mykonos: October 12, 2026

Last update for Cape Town: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Mykonos

$396 27.1%

Cape Town

$717 45.2% 81% $321

Groceries & Markets

Mykonos

$292 20%

Cape Town

$225 14.2% 22.9% $67

Monthly Utilities & Internet

Mykonos

$264 18%

Cape Town

$183 11.5% 30.6% $81

Eating Out

Mykonos

$219 15%

Cape Town

$176 11.1% 19.5% $43

Clothing & Footwear

Mykonos

$158 10.8%

Cape Town

$143 9% 9.4% $15

Sport & Entertainment

Mykonos

$68 4.6%

Cape Town

$67 4.2% 0.8% $0.5

Getting Around

Mykonos

$66 4.5%

Cape Town

$75 4.7% 13.7% $9

Cost Breakdown

A central one-bedroom costs $483 in Mykonos versus $1,021 in Cape Town. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 1% higher in Cape Town, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $55.0 in Mykonos versus $45.00 in Cape Town. Monthly groceries follow the same trend: $292 vs $225 – making Cape Town the more affordable choice for daily food spending.

Good to know

🇬🇷 Mykonos

🇿🇦 Cape Town

🕒 Local time

20:24 8:24 PM

19:24 7:24 PM

1 h behind Mykonos

🌤 Weather

👥 Population

10,704

3,740,026 Capital

💱 Currency

Euro EUR €

South African Rand ZAR R

📈 Exchange rate

1 EUR = 1.12 USD

100 ZAR = 6.07 USD

100 ZAR = 5.4 EUR

Exchange rates and currency converter

ZAR, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 17, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

South African Rand exchange rates as of October 17, 2026: 1 USD = 16.48 ZAR (100 ZAR = 6.07 USD). 1 EUR = 18.52 ZAR (100 ZAR = 5.4 EUR).

USD to EUR in detail →

On the map

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Between locations

Mykonos Cape Town 7,970 km ≈ 10 h nonstop flight

From you

Mykonos
Cape Town

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

Mykonos vs Cape Town: Cost of Living - Frequently Asked Questions

Cape Town costs about 9% more than Mykonos, and outside of rent the gap comes mainly from groceries. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,192 per month in Mykonos and $2,379 in Cape Town. 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. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $1,461 in Mykonos and $1,586 in Cape Town. That's a gap of about 9%.

Public transport costs about 20% less in Mykonos. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Mykonos, where all-in costs run around $1,461, than in Cape Town at $1,586. In Mykonos it covers expenses comfortably, while in Cape Town it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Mykonos costs $1,461 versus $1,586 in Cape Town. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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