| The cost of living in Cyprus is reasonable, Compared to the cost of living in Western Europe. Southern Cyprus is moderately inexpensive, whereas compared to the Middle East, it is reasonably pricey. The island of Cyprus provides a fairly high standard of living. The annual per capita income is about Euro 15.000 (2003) and real GDP growth averages at about 4,5% while inflation remains stable at around 3%. The cost of living on the island is relatively low compared to other European countries. By European standards, Cyprus is inexpensive to set up home and live in, and one can get by very comfortably on a smaller budget than required in many other countries. The cost of living in Cyprus is considerably lower than many European destinations; although Cyprus still maintains a high standard of living. For example, a social couple can easily have a comfortable lifestyle earning from 6,000cy to 8,000cy per year. The local markets and hypermarkets offer residents a wide selection of fresh products to include both local and imported goods at very competitive prices |
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