Cost of living

Greece-flag-140The cost of living in Greece is average compared to other countries. For Greek residents, living costs are considerably higher as salaries have dropped and unemployment levels risen since the economic crisis.

Nevertheless, there is a variety of accommodation available to suit all budgets.  An average international student in Greece will spend about €500 to €800 per month on accommodation, food, clothing, entertainment, transportation, and telephone, depending on where they live and their lifestyle.

Examples of prices in Greece:

Money and banking

The official currency of Greece is the Euro.  Everyday payments are settled in cash, using electronic debit cards and credit cards.  Most stores accept credit and/or debit cards. However, in small neighbourhood stores, only cash is accepted.

Greece has plenty of local and foreign banks to choose from. As a placement student in Greece, you may need to open a local bank account. This requires a tax number, a valid passport and may require a residency permit, depending on the branch and employee you are dealing with.

Banks are open from Monday to Thursday from 8am to 2.30pm and on Friday from 8am to 2pm.

Travelling costs

The travel costs to and from Greece are usually paid by the student.

Do you want to learn more about business culture in Greece?