Why Greece Remains a Top Choice Despite Rising Costs
On April 7, 2026, Greek Reporter published an analysis noting that Greece’s cost of living continues to rise (especially housing), making it less affordable for locals but still attractive for digital nomads and remote workers earning in stronger foreign currencies, whose purchasing power remains strong compared to Western Europe/North America. This updates perceptions for expats and nomads considering relocation in 2026.
Why Greece Remains a Top Choice Despite Rising Costs
While Greece remains one of the most affordable corners of the Mediterranean, the local housing market is feeling the heat. Recent data shows a 7.69% year-on-year increase in property prices, with rental inflation in major cities hitting 8.6%. These shifts are largely driven by a combination of constrained housing stock, high tourism demand, and the continued popularity of investment programs.
For digital nomads, the financial math still works in their favor. A one-bedroom apartment in central Athens now ranges between €800 and €1,400, while Thessaloniki offers a more budget-friendly alternative at €600 to €1,000. Beyond the major hubs, costs drop significantly, allowing remote workers earning in stronger foreign currencies to maintain a high standard of living that would be impossible in London or New York.
Who it affects
The rising costs impact different groups in varying ways:
- Digital Nomads: Those on the Digital Nomad Visa must meet a €3,500 monthly income requirement. This remains more than enough for a comfortable lifestyle, even with rising rents.
- Expats and Couples: A single expat typically needs between €1,800 and €2,500 for a comfortable life in Athens. Couples should budget between €2,800 and €4,000 combined.
- Locals: The impact is heaviest on local residents, as Greece currently has the highest housing cost overburden in the EU.
What to do
If you are planning a move, keep these practicalities in mind for your budget. Beyond rent, expect to pay €120 to €200 for utilities and roughly €250 to €400 for groceries. While the Digital Nomad Visa offers a clear path for residency, it is wise to secure housing outside of the peak summer months when short-term rental prices spike due to tourism.
Check out the latest nomad news to stay informed on shifting requirements.
Read our full Greece guide for the complete picture.