Cost of Living Comparison Between Palaio Faliro, Athens and Thessaloniki Cost of Living Comparison Between Palaio Faliro, Athens and Thessaloniki

Monthly Cost of Living

A single person spends $1,748 per month in Palaio Faliro, Athens vs $1,554 in Thessaloniki, rent included.

A couple spends around $2,734 per month in Palaio Faliro, Athens vs $2,354 in Thessaloniki, rent included.

A family of three spends $3,719 per month in Palaio Faliro, Athens vs $3,155 in Thessaloniki, rent included.

Palaio Faliro, Athens costs about 13% more than Thessaloniki, driven mainly by Eating Out.

Both Palaio Faliro, Athens and Thessaloniki sit above the global median – Palaio Faliro, Athens by 31%, Thessaloniki by 16%.

Meal at Budget Restaurant

$13.23 €11.57

$17.08 €14.94

-22.54%

Three-Course Dinner for Two, Mid-Range

$57.0 €49.83

$57.3 €50.1

-0.52%

Fast Food Meal (McDonalds, etc)

$10.97 €9.60

$10.55 €9.23

3.98%

Cappuccino

$3.10 €2.71

$4.45 €3.89

-30.34%

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

$2.18 €1.91

$2.38 €2.08

-8.40%

Water (0.33 liter bottle)

$0.43 €0.38

$0.59 €0.52

-27.12%

Local Beer (0.5 liter draught)

$5.70 €4.98

$5.77 €5.05

-1.21%

Imported Beer (0.33 liter bottle)

$5.66 €4.96

$5.87 €5.14

-3.58%

Milk (1 liter)

$1.86 €1.63

$1.46 €1.28

27.40%

White Bread (500g)

$1.34 €1.17

$1.46 €1.28

-8.22%

Rice (white) (1kg)

$2.22 €1.94

$2.42 €2.12

-8.26%

Eggs

$3.01 €2.63

$4.20 €3.67

-28.33%

Local Cheese (1kg)

$16.91 €14.80

$13.47 €11.78

25.54%

Chicken Fillets (1kg)

$12.71 €11.12

$11.06 €9.68

14.92%

Beef Round Steak (1kg)

$14.73 €12.89

$14.86 €13.00

-0.87%

Apples (1kg)

$1.99 €1.74

$2.01 €1.76

-1.00%

Banana (1kg)

$1.87 €1.64

$1.86 €1.62

0.54%

Oranges (1kg)

$1.30 €1.14

$1.68 €1.47

-22.62%

Tomato (1kg)

$1.86 €1.62

$2.38 €2.08

-21.85%

Potato (1kg)

$0.93 €0.81

$1.26 €1.10

-26.19%

Onion (1kg)

$0.94 €0.82

$1.33 €1.16

-29.32%

Lettuce (1 head)

$0.86 €0.75

$1.04 €0.91

-17.31%

Water (1.5 liter bottle)

$0.91 €0.80

$0.82 €0.72

10.98%

Cigarettes 20 Pack (Marlboro, Camel)

$5.45 €4.77

$5.26 €4.60

3.61%

Wine (Bottle)

$13.21 €11.56

$10.93 €9.56

20.86%

Local Beer (0.5 liter bottle)

$2.08 €1.82

$2.03 €1.78

2.46%

Imported Beer (0.33 liter bottle)

$2.70 €2.36

$2.82 €2.47

-4.26%

One-way Ticket (Public Transport)

$1.66 €1.45

$1.05 €0.92

58.10%

Public Transport Monthly Pass (Regular Price)

$45.40 €39.72

$31.21 €27.30

45.47%

Taxi Start (Normal Tariff)

$4.67 €4.09

$4.70 €4.12

-0.64%

Taxi 1hour Waiting (Normal Tariff)

$13.75 €12.03

$32.11 €28.09

-57.18%

Gasoline (1 liter)

$2.08 €1.82

$2.13 €1.86

-2.35%

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

$31.1K €27.2K

$31.7K €27.7K

-1.79%

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

$26.1K €22.8K

$31.4K €27.5K

-16.95%

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

$217 €190

$215 €188

1.27%

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

$33.45 €29.26

$25.87 €22.63

29.30%

Internet (50+ Mbps, Unlimited Data)

$32.67 €28.59

$31.15 €27.26

4.88%

Gym Membership (Monthly)

$48.88 €42.76

$43.87 €38.38

11.42%

Tennis Court (1 Hour on Weekend)

$26.57 €23.25

$18.18 €15.91

46.15%

Cinema Ticket

$9.21 €8.06

$9.99 €8.74

-7.81%

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

$429 €375

$423 €370

1.30%

International Primary School, 1 Child (Yearly)

$6,104 €5,340

$8,336 €7,294

-26.78%

Jeans (Levis 501 Or Similar)

$89.6 €78.4

$83.0 €72.6

7.98%

Summer Dress (H&M, Zara, etc)

$37.86 €33.12

$37.20 €32.54

1.77%

Sport Shoes (Adidas, Nike)

$89.5 €78.3

$91.0 €79.6

-1.64%

Men's Leather Business Shoes

$108 €94.5

$117 €102

-7.38%

1-bedroom Apartment, City Center (Monthly)

$633 €554

$544 €476

16.36%

1-bedroom Apartment, Outside City Center (Monthly)

$665 €581

$457 €400

45.44%

3-bedroom Apartment, City Center (Monthly)

$1,505 €1,317

$936 €819

60.72%

3-bedroom Apartment, Outside City Center (Monthly)

$1,336 €1,169

$740 €648

80.46%

Buy Apartment in City Center (m2)

$2,865 €2,507

$3,666 €3,207

-21.84%

Buy Apartment Outside City Center (m2)

$2,684 €2,348

$2,819 €2,467

-4.80%

Average Monthly Net Salary (After Tax)

$958 €838

$1,156 €1,011

-17.07%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.43

4.68

-5.34%

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

Last update for Palaio Faliro, Athens: July 14, 2026

Last update for Thessaloniki: July 14, 2026

Cost Breakdown

A central one-bedroom costs $633 in Palaio Faliro, Athens versus $544 in Thessaloniki. 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 21% higher in Thessaloniki, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $57.0 in Palaio Faliro, Athens versus $57.0 in Thessaloniki. Groceries tell a different story – $308 in Palaio Faliro, Athens vs $294 in Thessaloniki – so Thessaloniki wins on supermarket bills even if dining out costs more.

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

Palaio Faliro, Athens vs Thessaloniki: Cost of Living - Frequently Asked Questions

Palaio Faliro, Athens costs about 13% more than Thessaloniki, with the gap driven mainly by Eating Out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,622 per month in Palaio Faliro, Athens and $2,330 in Thessaloniki. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Thessaloniki, 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 $1,748 in Palaio Faliro, Athens and $1,554 in Thessaloniki. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 45% less in Thessaloniki. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Thessaloniki, where all-in costs run around $1,554, than in Palaio Faliro, Athens at $1,748. In Thessaloniki it covers expenses comfortably, while in Palaio Faliro, Athens it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Thessaloniki costs $1,554 versus $1,748 in Palaio Faliro, Athens. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

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