NAVİGATİNG THE COST OF LİVİNG İN NORTHERN CYPRUS

Navigating the Cost of Living in Northern Cyprus

Living expenses are a crucial consideration for anyone contemplating a move, and Northern Cyprus, with its unique blend of history, culture, and Mediterranean beauty, is no exception. As of December 2023, let's delve into the various aspects of daily life in Kyrenia, examining the costs associated with food, housing, transportation, personal care, and entertainment.

Food Costs in Kyrenia:

• Basic lunchtime menu (including a drink): €10 (312TL)
• Combo meal in a fast-food restaurant (e.g., Big Mac meal): €6 (201TL)
• 500 gr (1 lb.) of boneless chicken breast: €2.85 (89TL)
• 1 liter (1 qt.) of whole fat milk: €0.95 (30TL)
• 12 eggs, large: €2.45 (76TL)
• 1 kg (2 lb.) of tomatoes: €1.54 (48TL)
• 500 gr (16 oz.) of local cheese: €4.75 (148TL)
• 1 kg (2 lb.) of apples: €1.54 (48TL)
• 1 kg (2 lb.) of potatoes: €1.09 (34TL)
• 0.5 l (16 oz.) domestic beer in the supermarket: €0.93 (29TL)
• 1 bottle of red table wine, good quality: €7 (217TL)
• 2 liters of Coca-Cola: €1.08 (34TL)
• Bread for 2 people for 1 day: €0.84 (26TL)

Housing Expenses in Kyrenia:

• Monthly rent for 85 m2 (900 sqft) furnished accommodation in an expensive area: €775 (24,167TL)
• Monthly rent for a 45 m2 (480 sqft) furnished studio in a normal area: €377 (11,748TL)

Transportation Costs in Kyrenia:

• 1 liter (1/4 gallon) of gas: €1.01 (32TL)
• Taxi trip on a business day, basic tariff, 8 km (5 miles): €9 (279TL)

Personal Care Expenses in Kyrenia:

• Standard men's haircut in an expat area of the city: €7 (210TL)

Entertainment Costs in Kyrenia:

• Basic dinner out for two in a neighborhood pub: €22 (676TL)
• Dinner for two at an Italian restaurant in the expat area including appetizers, main course, wine, and dessert: €40 (1,232TL)
• 1 beer in a neighborhood pub (500ml or 1pt.): €2.76 (86TL)
• 1 month of gym membership in the business district: €32 (1,004TL)

Conclusion:

While Northern Cyprus, and specifically Kyrenia, offers a diverse and culturally rich environment, the cost of living can vary. The data provided gives a snapshot of essential expenses, but it's crucial to consider individual lifestyles and preferences. As you contemplate the move, these figures should serve as a baseline for budgeting, allowing you to tailor your financial plans to your specific needs and expectations. Always keep in mind that costs may fluctuate, so staying informed about the local economy is key to successful financial planning in this enchanting Mediterranean destination.
 

Disclaimer:

The cost of living information provided in this article is based on prices as of December 2023. It's essential to note that living expenses can be subject to change due to various factors such as economic fluctuations, market conditions, and other unforeseen circumstances. Readers are advised to verify current prices and economic conditions at the time of reading, as these figures may not accurately reflect the present situation. Local economic changes can impact the cost of goods and services, so staying informed about the latest updates is crucial for anyone considering a move to Northern Cyprus.

 

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