The cost of living in North Cyprus is much lower than in many European countries so it’s a great place to live on a budget. Basic expenses such as food, education, healthcare and housing are very affordable and you can have a high quality of life without breaking the bank. Plus the country is peaceful, low crime and warm climate adds to the appeal.
- North Cyprus suits budget-conscious movers who want quality living below most European costs.
- The trade-off is real: low costs and high safety come with limited consumer goods, some low-paying jobs and travel restrictions.
- Mild winters and hot summers make it a comfortable year-round Mediterranean base.
- Culture blends Turkish, Cypriot, British and Western influences, easing the shift for Western newcomers.
What are the costs of living in North Cyprus?
The cost of living in North Cyprus is affordable across all basic expenses. Everyday costs such as groceries, dining out and utilities are lower than in many European countries. Public transport and healthcare services are also reasonably priced so it’s a budget friendly lifestyle. So North Cyprus is a great option for those who want an economical yet high quality living.
What are the costs for renting accommodation in North Cyprus?
Renting in North Cyprus is affordable, prices vary according to the location and size of the property. In the city centre a 1 bedroom apartment is £216-£345 (€250-€400) per month and a 3 bedroom apartment is £389-£691 (€450-€800) per month. Properties outside the city centre are more affordable and even cheaper.
Food costs
Food in North Cyprus is very reasonable. Here are the prices for some items:
- Basic lunchtime menu (including a drink) in the business district: £8 (€10, $11)
- Combo meal in a fast food restaurant (big mac meal or similar): £5.43 (€6, $6.60)
- 500 gr (1 lb.) of boneless chicken breast: £2.40 (€2.85, $3.13)
- 1 litre (1 qt.) of whole fat milk: £0.80 (€0.95, $1.04)
- 12 eggs, large: £2.07 (€2.45, $2.69)
- 1 kg (2 lb.) of tomatoes: £1.30 (€1.54, $1.69)
- 500 gr (16 oz.) of local cheese: £4.01 (€4.75, $5.21)
- 1 kg (2 lb.) of apples: £1.30 (€1.54, $1.69)
- 1 kg (2 lb.) of potatoes: £0.91 (€1.09, $1.20)
- 0.5 l (16 oz) domestic beer in the supermarket: £0.79 (€0.93, $1.02)
- 1 bottle of red table wine, good quality: £5.87 (€7, $7.70)
- 2 litres of Coca-Cola: £0.91 (€1.08, $1.19)
- Bread for 2 people for 1 day: £0.70 (€0.84, $0.92)
Tax rates
The tax structure in North Cyprus includes several components.
- Income tax: Tax residents in North Cyprus must pay income tax on all income generated from activities within North Cyprus and any money brought into the country from abroad. This includes earnings from property rentals and bank interest. The tax rates are tiered, ranging from 10% to 37% depending on the level of income.
- Annual property tax: Property owners are required to pay an annual property tax, calculated at a rate of 1.25 Turkish Lira per 1 square metre of the property’s covered area.
- Capital Gains Tax: First-time sellers of property with a plot of land less than one donum are exempt from Capital Gains Tax. For non-first-time sellers, the Capital Gains Tax rate is 3.5% on property sales.
Tax regulations in North Cyprus can be complex, so consulting with a tax specialist is advisable. Also, it’s important to have two wills – one in the UK and one in the TRNC – to cover property and bank accounts in North Cyprus. According to local laws, if a partner dies intestate (without a will), the surviving spouse does not automatically inherit the estate if there are surviving children, which differs from UK laws. So preparing and signing a will with a lawyer in the TRNC is crucial to protect your assets.
Warning
In the TRNC, if a partner dies intestate, the surviving spouse does not automatically inherit the estate if there are surviving children. Preparing a will with a lawyer in the TRNC is crucial to protect your assets.
What are the Pro’s and Con’s of Living in North Cyprus?
The pros include low cost of living, high security and natural beauty. The cons limited consumer goods, low income in some jobs and travel restrictions. When considering living in North Cyprus you need to weigh the pros and cons:
By understanding living in north Cyprus pros and cons you can decide if this place suits your lifestyle and needs.
How is the weather in North Cyprus?
The north Cyprus weather is characterised by a Mediterranean climate, offering mild winters and hot summers. Daytime temperatures in Kyrenia range from 15°C in January and February, 18°C in March, 23°C in April, 35°C in August. Night time temperatures vary, 5°C in January, 14°C in May, 21°C in July and August, 7°C in December.
There is no heat and humidity from January to April, moderate in May and June, high in July and August. Sea temperatures follow the same pattern, 17°C in January, 28°C in August, 19°C in December. This climate is warm and inviting all year round, that’s why North Cyprus is popular for tourists and residents.
How is the culture in Northern Cyprus?
The culture of Northern Cyprus is a rich tapestry that blends Turkish influences with unique Cypriot traditions and elements from British and contemporary Western cultures. Music plays a big role with contemporary and folk music. Turkish Cypriot singers like Ziynet Sali and Işın Karaca are famous in Turkey and North Cyprus, Sıla 4 is part of Turkish Cypriot identity.
Folk music is rooted in wedding and social gatherings traditions and features violin, goblet drum and zurna. Traditional songs are shared with Greek Cypriots and are sung in ceremonies like weddings and circumcision.
Classical music is also prominent with Western and Ottoman style performances. Bellapais Abbey in Kyrenia is a popular venue for international classical music festivals. Northern Cyprus State Symphony Orchestra and Presidential Symphony Orchestra and pianist Rüya Taner are part of the classical music scene.
Dance traditions in Northern Cyprus are diverse with folk dances influenced by Turkish, Greek and other cultures. These dances were central to weddings and social events and have seen a revival since 1980s. Festivals and competitions are held for these traditional dances and modern styles like salsa and tango.
Conclusion to life in Northern Cyprus
Living in Northern Cyprus offers an attractive combination of affordability and quality of life. The cost of living in North Cyprus is significantly lower than in many European countries, with reasonable prices for essentials such as food, housing, and healthcare. This economic advantage makes it an appealing destination for individuals seeking a budget-friendly lifestyle.
However, it’s important to consider the living in north cyprus pros and cons. The pros include a low cost of living, high security, natural beauty, and a peaceful environment. Additionally, the widespread use of English and quality healthcare services enhance the living experience. On the downside, challenges include limited consumer goods, lower income levels in certain jobs, and a less developed public transportation system.
In summary, while there are some drawbacks, the benefits of living in North Cyprus, such as affordability and a high quality of life, make it a compelling option for many.
FAQ
The average cost of living in North Cyprus is relatively low compared to many European countries. Monthly expenses, including rent, food, utilities, and transportation, typically range from £600 to £1,000, depending on lifestyle and location.
Yes, you can obtain residency in North Cyprus by purchasing property. Investing in property worth at least $75,000 can grant you residency, although it does not provide citizenship.
The pros of living in North Cyprus include a low cost of living, high security, natural beauty, and quality healthcare. However, the cons include limited consumer goods, lower income levels in some jobs, and a less developed public transportation system.
The weather in North Cyprus features mild winters and hot summers. Daytime temperatures range from 15°C in January to 35°C in August, with night-time temperatures varying from 5°C to 21°C. The region experiences low to high humidity, especially during the summer months.
The culture of Northern Cyprus is a blend of Turkish influences, unique Cypriot traditions, and elements from British and contemporary Western cultures. This is reflected in its music, dance, and festivals, which incorporate both traditional and modern elements.