Last update: Nov 2026

Cost of Living Comparison Between Mykonos and London

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.

69

Cost of Living Index in Mykonos
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Mykonos Living Index
196

Cost of Living Index in London
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London Living Index

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Mykonos

🇬🇷 Greece

$1,448

/mo nomad

London

🇬🇧 United Kingdom

$4,048

/mo nomad

Monthly Cost of Living

How much you'll spend in Mykonos and in London

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 London actually costs, broken down by who's living it.

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

Mykonos $1,448
London $4,048

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

Mykonos $2,199
London $5,903

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

Mykonos $2,950
London $7,758

Mykonos is about 64% cheaper than London, and outside of rent the biggest gap is in transport.

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

Meal at Budget Restaurant

$13.09 €11.71

$26.36 £19.68

-50.34%

Three-Course Dinner for Two, Mid-Range

$54.9 €49.09

$109 £81.1

-49.47%

Fast Food Meal (McDonalds, etc)

$7.98 €7.14

$10.71 £8.00

-25.49%

Cappuccino

$3.65 €3.27

$5.59 £4.17

-34.70%

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

$2.43 €2.18

$3.00 £2.24

-19.00%

Water (0.33 liter bottle)

$0.73 €0.66

$2.22 £1.66

-67.12%

Local Beer (0.5 liter draught)

$4.43 €3.96

$9.65 £7.20

-54.09%

Imported Beer (0.33 liter bottle)

$5.43 €4.86

$8.26 £6.16

-34.26%

Milk (1 liter)

$1.78 €1.59

$1.97 £1.47

-9.64%

White Bread (500g)

$1.50 €1.34

$2.09 £1.56

-28.23%

Rice (white) (1kg)

$1.64 €1.47

$2.59 £1.94

-36.68%

Eggs

$4.37 €3.91

$5.37 £4.01

-18.62%

Local Cheese (1kg)

$15.68 €14.03

$13.12 £9.79

19.51%

Chicken Fillets (1kg)

$10.73 €9.61

$11.03 £8.23

-2.72%

Beef Round Steak (1kg)

$15.37 €13.75

$17.73 £13.23

-13.31%

Apples (1kg)

$2.14 €1.92

$3.17 £2.37

-32.49%

Banana (1kg)

$2.06 €1.85

$1.38 £1.03

49.28%

Oranges (1kg)

$1.34 €1.20

$2.82 £2.11

-52.48%

Tomato (1kg)

$1.68 €1.51

$3.36 £2.51

-50.00%

Potato (1kg)

$1.22 €1.09

$1.70 £1.27

-28.24%

Onion (1kg)

$1.18 €1.06

$1.78 £1.33

-33.71%

Lettuce (1 head)

$0.90 €0.80

$1.49 £1.11

-39.60%

Water (1.5 liter bottle)

$0.72 €0.64

$1.82 £1.36

-60.44%

Cigarettes 20 Pack (Marlboro, Camel)

$5.12 €4.58

$23.85 £17.80

-78.53%

Wine (Bottle)

$7.60 €6.80

$13.44 £10.03

-43.45%

Local Beer (0.5 liter bottle)

$2.35 €2.10

$3.11 £2.32

-24.44%

Imported Beer (0.33 liter bottle)

$2.92 €2.62

$4.49 £3.35

-34.97%

One-way Ticket (Public Transport)

$1.34 €1.20

$4.13 £3.08

-67.55%

Public Transport Monthly Pass (Regular Price)

$49.32 €44.13

$266 £199

-81.46%

Taxi Start (Normal Tariff)

$4.39 €3.93

$5.98 £4.46

-26.59%

Taxi (Normal Tariff) (1km)

$1.15 €1.03

$3.39 £2.53

-66.08%

Taxi 1hour Waiting (Normal Tariff)

$11.27 €10.09

$56.6 £42.21

-80.07%

Gasoline (1 liter)

$2.15 €1.92

$2.21 £1.65

-2.71%

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

$28.4K €25.4K

$38.3K £28.6K

-25.71%

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

$24.1K €21.6K

$41.0K £30.6K

-41.17%

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

$196 €175

$372 £278

-47.45%

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

$30.15 €26.98

$18.66 £13.93

61.58%

Internet (50+ Mbps, Unlimited Data)

$38.56 €34.50

$40.53 £30.26

-4.86%

Gym Membership (Monthly)

$50.7 €45.32

$56.0 £41.82

-9.59%

Tennis Court (1 Hour on Weekend)

$25.20 €22.55

$17.10 £12.76

47.37%

Cinema Ticket

$8.92 €7.98

$17.95 £13.40

-50.31%

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

$418 €374

$2,946 £2,199

-85.83%

International Primary School, 1 Child (Yearly)

$4,075 €3,647

$47.6K £35.5K

-91.44%

Jeans (Levis 501 Or Similar)

$91.1 €81.5

$116 £86.8

-21.67%

Summer Dress (H&M, Zara, etc)

$42.06 €37.63

$56.9 £42.47

-26.08%

Sport Shoes (Adidas, Nike)

$85.2 €76.3

$128 £95.5

-33.37%

Men's Leather Business Shoes

$133 €119

$154 £115

-13.84%

1-bedroom Apartment, City Center (Monthly)

$497 €445

$2,935 £2,191

-83.06%

1-bedroom Apartment, Outside City Center (Monthly)

$382 €342

$2,258 £1,686

-83.07%

3-bedroom Apartment, City Center (Monthly)

$726 €650

$5,250 £3,919

-86.17%

3-bedroom Apartment, Outside City Center (Monthly)

$612 €547

$3,859 £2,881

-84.15%

Buy Apartment in City Center (m2)

$2,474 €2,214

$17.2K £12.8K

-85.60%

Buy Apartment Outside City Center (m2)

$1,996 €1,786

$8,278 £6,179

-75.89%

Average Monthly Net Salary (After Tax)

$1,648 €1,475

$5,621 £4,196

-70.68%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.44

4.78

-7.11%

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

Last update for Mykonos: November 1, 2026

Last update for London: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Mykonos

$382 26.4%

London

$2.3K 55.8% 491% $1.9K

Groceries & Markets

Mykonos

$292 20.1%

London

$360 8.9% 23.6% $69

Monthly Utilities & Internet

Mykonos

$264 18.3%

London

$432 10.7% 63.2% $167

Eating Out

Mykonos

$218 15.1%

London

$396 9.8% 81.4% $178

Clothing & Footwear

Mykonos

$158 10.9%

London

$205 5.1% 29.6% $47

Sport & Entertainment

Mykonos

$68 4.7%

London

$92 2.3% 34.2% $23

Getting Around

Mykonos

$65 4.5%

London

$305 7.6% 371% $241

Cost Breakdown

A central one-bedroom costs $497 in Mykonos versus $2,935 in London. 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 $55 in Mykonos versus $109 in London. Monthly groceries follow the same trend: $292 vs $360 – making Mykonos the more affordable choice for daily food spending.

Good to know

🇬🇷 Mykonos

🇬🇧 London

🕒 Local time

18:17 6:17 PM

16:17 4:17 PM

2 h behind Mykonos

🌤 Weather

👥 Population

10,704

8,908,083 Capital

💱 Currency

Euro EUR €

British Pound GBP £

📈 Exchange rate

1 EUR = 1.12 USD

1 GBP = 1.34 USD

1 GBP = 1.19 EUR

Exchange rates and currency converter

On the map

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Highest

Between locations

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

From you

Mykonos
London

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 London: Cost of Living - Frequently Asked Questions

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

For a comfortable life, plan on about $2,171 per month in Mykonos and $6,072 in London. 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 $55 in Mykonos and $109 in London. 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.