Last update: Oct 2026

Cost of Living Comparison Between Thessaloniki and Palermo

For one person, living is cheaper in Palermo: $1,566 a month against $1,649 in Thessaloniki, rent and utilities included – about $1,000 less a year. The total is higher in Thessaloniki despite lower rent and utilities.

80

Cost of Living Index in Thessaloniki
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Thessaloniki Living Index
76

Cost of Living Index in Palermo
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Palermo Living Index

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Thessaloniki

🇬🇷 Greece

$1,649

/mo nomad

Palermo

🇮🇹 Italy

$1,566

/mo nomad

Monthly Cost of Living

How much you'll spend in Thessaloniki and in Palermo

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

A single person spends $1,649 per month in Thessaloniki vs $1,566 in Palermo, rent included.

Thessaloniki $1,649
Palermo $1,566

A couple spends around $2,537 per month in Thessaloniki vs $2,314 in Palermo, rent included.

Thessaloniki $2,537
Palermo $2,314

A family of three spends $3,425 per month in Thessaloniki vs $3,061 in Palermo, rent included.

Thessaloniki $3,425
Palermo $3,061

Thessaloniki costs about 5% more than Palermo, and outside of rent the biggest gap is in eating out.

Both Thessaloniki and Palermo sit above the global median – Thessaloniki by 22%, Palermo by 16%.

Meal at Budget Restaurant

$17.01 €15.13

$15.02 €13.36

13.25%

Three-Course Dinner for Two, Mid-Range

$67.2 €59.8

$55.7 €49.51

20.80%

Fast Food Meal (McDonalds, etc)

$11.20 €9.96

$11.25 €10.01

-0.44%

Cappuccino

$4.29 €3.82

$2.04 €1.81

110.29%

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

$2.90 €2.58

$2.36 €2.10

22.88%

Water (0.33 liter bottle)

$0.76 €0.67

$1.27 €1.13

-40.16%

Local Beer (0.5 liter draught)

$5.45 €4.85

$5.74 €5.10

-5.05%

Imported Beer (0.33 liter bottle)

$6.53 €5.81

$4.02 €3.58

62.44%

Milk (1 liter)

$1.70 €1.51

$1.26 €1.12

34.92%

White Bread (500g)

$1.78 €1.58

$1.77 €1.57

0.56%

Rice (white) (1kg)

$3.71 €3.30

$2.74 €2.44

35.40%

Eggs

$5.50 €4.89

$2.99 €2.66

83.95%

Local Cheese (1kg)

$14.29 €12.71

$14.93 €13.28

-4.29%

Chicken Fillets (1kg)

$11.48 €10.21

$11.99 €10.67

-4.25%

Beef Round Steak (1kg)

$18.35 €16.32

$17.07 €15.18

7.50%

Apples (1kg)

$2.51 €2.23

$2.91 €2.59

-13.75%

Banana (1kg)

$2.25 €2.00

$2.11 €1.88

6.64%

Oranges (1kg)

$2.12 €1.89

$2.93 €2.60

-27.65%

Tomato (1kg)

$2.79 €2.48

$3.06 €2.72

-8.82%

Potato (1kg)

$1.30 €1.15

$1.71 €1.52

-23.98%

Onion (1kg)

$1.22 €1.09

$1.50 €1.34

-18.67%

Lettuce (1 head)

$1.60 €1.42

$1.78 €1.59

-10.11%

Water (1.5 liter bottle)

$0.94 €0.84

$0.40 €0.35

135.00%

Cigarettes 20 Pack (Marlboro, Camel)

$5.74 €5.11

$6.86 €6.10

-16.33%

Wine (Bottle)

$9.93 €8.83

$7.30 €6.50

36.03%

Local Beer (0.5 liter bottle)

$2.06 €1.83

$2.17 €1.93

-5.07%

Imported Beer (0.33 liter bottle)

$3.14 €2.79

$3.00 €2.67

4.67%

One-way Ticket (Public Transport)

$0.65 €0.57

$1.58 €1.41

-58.86%

Public Transport Monthly Pass (Regular Price)

$18.07 €16.07

$36.13 €32.14

-49.99%

Taxi Start (Normal Tariff)

$4.07 €3.62

$3.29 €2.92

23.71%

Taxi (Normal Tariff) (1km)

$1.13 €1.01

$1.14 €1.01

-0.88%

Taxi 1hour Waiting (Normal Tariff)

$16.79 €14.93

$38.46 €34.21

-56.34%

Gasoline (1 liter)

$2.25 €2.00

$2.07 €1.84

8.70%

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

$28.0K €24.9K

$36.0K €32.0K

-22.34%

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

$31.0K €27.6K

$35.1K €31.2K

-11.56%

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

$215 €191

$228 €203

-5.76%

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

$23.24 €20.67

$9.87 €8.78

135.46%

Internet (50+ Mbps, Unlimited Data)

$30.60 €27.22

$26.63 €23.68

14.91%

Gym Membership (Monthly)

$52.1 €46.32

$46.70 €41.54

11.50%

Tennis Court (1 Hour on Weekend)

$16.27 €14.47

$31.87 €28.35

-48.95%

Cinema Ticket

$10.36 €9.22

$8.81 €7.84

17.59%

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

$469 €417

$439 €391

6.72%

International Primary School, 1 Child (Yearly)

$9,075 €8,073

$5,629 €5,007

61.21%

Jeans (Levis 501 Or Similar)

$94.7 €84.2

$71.7 €63.8

31.99%

Summer Dress (H&M, Zara, etc)

$44.40 €39.50

$30.89 €27.47

43.74%

Sport Shoes (Adidas, Nike)

$125 €111

$86.8 €77.2

43.91%

Men's Leather Business Shoes

$129 €115

$125 €111

3.25%

1-bedroom Apartment, City Center (Monthly)

$622 €554

$731 €650

-14.85%

1-bedroom Apartment, Outside City Center (Monthly)

$489 €435

$500 €445

-2.31%

3-bedroom Apartment, City Center (Monthly)

$1,081 €962

$1,091 €971

-0.93%

3-bedroom Apartment, Outside City Center (Monthly)

$838 €745

$730 €649

14.80%

Buy Apartment in City Center (m2)

$3,679 €3,273

$2,641 €2,349

39.32%

Buy Apartment Outside City Center (m2)

$2,799 €2,490

$1,263 €1,124

121.61%

Average Monthly Net Salary (After Tax)

$1,177 €1,047

$1,635 €1,455

-28.01%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.34

3.39

57.52%

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

Last update for Thessaloniki: October 13, 2026

Last update for Palermo: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Thessaloniki

$489 29.6%

Palermo

$500 31.9% 2.4% $12

Groceries & Markets

Thessaloniki

$336 20.4%

Palermo

$315 20.1% 6.3% $21

Eating Out

Thessaloniki

$276 16.7%

Palermo

$230 14.7% 16.8% $47

Monthly Utilities & Internet

Thessaloniki

$268 16.3%

Palermo

$264 16.9% 1.6% $4.2

Clothing & Footwear

Thessaloniki

$177 10.7%

Palermo

$142 9% 20% $35

Sport & Entertainment

Thessaloniki

$73 4.4%

Palermo

$64 4.1% 11.6% $8.5

Getting Around

Thessaloniki

$30 1.8%

Palermo

$51 3.3% 69.2% $21

Cost Breakdown

A central one-bedroom costs $622 in Thessaloniki versus $731 in Palermo. 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 39% higher in Palermo, 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 $67.0 in Thessaloniki versus $56.0 in Palermo. Monthly groceries follow the same trend: $336 vs $315 – making Palermo the more affordable choice for daily food spending.

Good to know

🇬🇷 Thessaloniki

🇮🇹 Palermo

🕒 Local time

08:31 8:31 AM

07:31 7:31 AM

1 h behind Thessaloniki

🌤 Weather

👥 Population

790,824

628,165

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

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Between locations

Thessaloniki Palermo 870 km ≈ 1 h 30 min nonstop flight

From you

Thessaloniki
Palermo

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

Thessaloniki vs Palermo: Cost of Living - Frequently Asked Questions

Yes – Thessaloniki is pricier by about 5%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,474 per month in Thessaloniki and $2,349 in Palermo. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Palermo, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 100% less in Palermo. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $469 per month in Thessaloniki and $439 in Palermo. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Palermo, where all-in costs run around $1,566, than in Thessaloniki at $1,649. In Palermo it covers expenses comfortably, while in Thessaloniki it requires careful planning or may not stretch far enough.

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

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 Palermo. If higher salaries, better infrastructure, or specific career opportunities are the priority, Thessaloniki makes more sense. Both are solid long-term options with distinct trade-offs.