International Cost of Living Calculator

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Cyprus, All Areas

Cyprus, All AreasOfficial Name: Republic of Cyprus.

Location: Cyprus is an island in the Mediterranean Sea, south of Turkey.

Climate: Temperate; Mediterranean with hot, dry summers and cool winters.

Terrain: Central plain with mountains to north and south; scattered but significant plains along southern coast.

Major Languages: Greek, Turkish.

Major Religions: Christianity, Islam.

Population: 0.839 Mil (2014 est.).

Economy: The economy of Cyprus is dominated by the division of the country into the southern area controlled by the Cyprus Government and the northern Turkish Cypriot-administered area. The Greek Cypriot economy is a prosperous one. Cyprus has an open, free-market, service-based economy with some light manufacturing. The Cypriots are among the most prosperous people in the Mediterranean region. Internationally, Cyprus promotes its geographical location as a "bridge" between West and East, along with its educated English-speaking population, moderate local costs, good airline connections, and telecommunications.

Currency: Euro (EUR)

Inflation: -1.19% (2014 est.).

Cost Of Living

The cost of living for expatriates in Cyprusas at 1 July 2014 is high in comparison to other places in the world.

In Cyprus, the cost of each basket, based on each baskets cost of living index (only available to registered subscribers), is categorized follows:
1) Alcohol (where available) & Tobacco: Average
2) Clothing: High
3) Communication: Average
4) Education: Average
5) Furniture & Appliances: Average
6) Groceries: High
7) Healthcare: Low
8) Household Accommodation: Low
9) Miscellaneous: High
10) Personal Care: Average
11) Recreation & Culture: High
12) Restaurants Meals Out and Hotels: Very High
13) Transport: Very High

Cyprus is ranked as a minimal hardship location.

Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered.

Xpatulator.com provides cost of living information primarily for expatriate pay calculations. From the prices of over 200 products and services in 780 global locations, together with hardship information and the exchange rate we provide the following information to registered subscribers:
-cost of living comparison between any of our 780 world locations
-customised cost of living index for any combination of baskets groups
-cost of living allowance calculation to compensate for cost of living and hardship differences
-expat salary calculation to calculate how much you need to earn to have a similar standard of living when relocating
-international assignment package calculation using the well known build-up approach

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