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Greece is world-famous for the work of ancient philosophers, like Plato, Pythagoras, Socrates, and Aristotle, to name a few. It’s the birthplace of democracy, the Olympic Games, and theater.
Some Greek islands have a reputation for being expensive, even overpriced for what they offer, but in islands such as Corfu and Crete, you can enjoy a high standard of living for a low cost.
However, your lifestyle will determine precisely how much you pay, but about US$1,500 a month should be enough for a couple to live comfortably in Mediterranean paradise.
Now is the time to invest in Greece, as there’s plenty of affordable real estate deals, from restoration projects to new builds.
Plus, investing in Greek property gives you the huge added bonus of an opportunity to qualify for a residency visa, giving you access to the European Schengen Area.
Above all, a total of seven different airports and cities in the United States offer direct flights to Greece: Atlanta, Boston, Chicago, Washington, Philadelphia, New York and Newark.
| Expense | Monthly Costs | Notes |
|---|---|---|
| TOTAL | €1,354 | |
| Mortgage | - | Not included here as too variable. |
| HOA Fees | - | Give the average, if applicable. |
| Property Taxes | - | 3.09% of taxable property value. |
| Transportation | €25 | Using public transportation. |
| Gas | €50 | For heating. |
| Electricity | €200 | Variable depending on air conditioning use. |
| Water | €15 | |
| Cell Phone | €20 | |
| Internet | €20 | |
| Household Help | €280 | Two five-hour cleanings per week at €7 per hour. |
| Entertainment | €504 | Eating out twice a week at a mid-range, local restaurant: €80. Drinks twice a week at a nearby watering hole: €40. Movie theater trip twice a month: €24 |
| Groceries | €150 | Basic items for a couple. |
| Gym Membership | €40 | |
| Medical Appointment | €50 |
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| Expense | Monthly Costs | Notes |
|---|---|---|
| TOTAL | €2,154 | |
| Rent | €800 | In a desirable part of town (city center, if applicable), two-bedroom, comfortable apartment, roughly 70 to 100 square meters in size. |
| Transportation | €25 | Using public transportation. |
| Gas | €50 | For heating. |
| Electricity | €200 | Variable depending on air conditioning use. |
| Water | €15 | |
| Cell Phone | €20 | |
| Internet | €20 | |
| Household Help | €280 | Two five-hour cleanings per week at €7 per hour. |
| Entertainment | €504 | Eating out twice a week at a mid-range, local restaurant: €80. Drinks twice a week at a nearby watering hole: €40. Movie theater trip twice a month: €24 |
| Groceries | €150 | Basic items for a couple. |
| Gym Membership | €40 | |
| Medical Appointment | €50 |
| Expense | Monthly Costs | Notes |
|---|---|---|
| TOTAL | €943 | |
| Rent | €450 | Cheapest part of town (still desirable), most basic one-bedroom rental. |
| Transportation | €18 | Using public transportation. |
| Gas | €50 | For heating. |
| Electricity | €100 | Little air conditioning use. |
| Water | €15 | |
| Cell Phone | €20 | Cheapest option available. |
| Internet | €20 | |
| Entertainment | €180 | Including eating out for lunch twice a week (€15) and for dinner twice a week (€30). |
| Groceries | €100 | All local-brand items only, shopping markets and local vendors along with grocery stores. |
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