North Cyprus Cost of Living Guide for Expats & Investors

1. Housing and Property Costs
Housing is often the biggest factor in the cost of living, and North Cyprus offers a wide range of options to suit different budgets. Rental apartments in cities like Kyrenia or Famagusta typically range from $300 to $800 per month for a 1–2 bedroom apartment. For those looking to buy property, luxury beachfront apartments and villas start from $150,000 and can go up to $500,000+, depending on size, location, and amenities.

Investors benefit from strong rental yields, especially in the seaside regions where demand for holiday rentals is high. Flexible payment plans are often available from developers, making property ownership more accessible. Overall, housing in North Cyprus is significantly more affordable than many European or Mediterranean destinations, offering excellent value for money.

 
2. Daily Expenses and Utilities
Daily living costs in North Cyprus are reasonable and manageable. Groceries for a single person average around $150–$250 per month, depending on lifestyle and shopping habits. Dining out is also affordable, with local restaurants offering meals from $5–$15, while mid-range international cuisine can cost around $20–$30 per person.

Utilities, including electricity, water, and internet, usually range between $80–$150 per month, depending on the property size and season. Transportation is another cost to consider: fuel prices are comparable to the European average, while public transport is limited but inexpensive, with local buses charging just a few dollars per trip.

 
3. Lifestyle, Leisure, and Health
North Cyprus offers a high-quality lifestyle with relatively low costs. Gym memberships average $25–$50 per month, while cinema tickets and cultural events are affordable. Expats can enjoy the Mediterranean climate, outdoor sports, and pristine beaches without spending excessively.

Healthcare is reliable and accessible, with private clinics offering modern services at a fraction of European prices. For those seeking a balanced lifestyle, North Cyprus combines affordability with quality living, making it an ideal choice for long-term residence or property investment.