Living in Greece: 5 Things You Should Consider Before Moving

Living in Greece costs far less than living in the US. According to Numbeo (October 2026), a single person spends about €786 a month before rent, or roughly €1,180–€1,270 a month with a one-bedroom apartment. Americans can stay up to 90 days in any 180 without a visa, and to live here longer you need a residence permit, such as the FIP visa (at least €3,500 a month in passive income), the Digital Nomad Visa (at least €3,500 a month from work outside Greece) or the Golden Visa (property from €250,000). Expect slow paperwork in Greek, and plan for private health insurance unless you work in Greece.

👉 Planning your move? Book a free 15-minute discovery call and we’ll tell you which permit fits and what it involves.

Greece is a dream destination for many expats, offering stunning landscapes, rich history, and a laid-back lifestyle. Whether you're drawn by the promise of idyllic islands or the allure of affordable property markets, moving to Greece requires careful planning. Programs like the Greece Golden Visa make it easier for global investors, but there are several practical aspects to consider.

Here's what you need to know before making the big move.

1. Visa Requirements and Legalities

Understanding visa requirements is essential for a smooth transition to Greece. For Americans, short-term visits for tourism or business (up to 90 days) typically don't require a visa. However, long-term stays come with specific legal requirements.

The Golden Visa Greece is a popular option for investors. This program grants residency to individuals who invest in Greek real estate, and it is one of the most popular residency by investment schemes in Europe. The minimum investment depends on the property type and location: from €250,000 for certain conversion projects in central Athens and Piraeus, €400,000 in other areas, and €800,000 in high-demand areas including Attica, Thessaloniki, Mykonos, Santorini, Crete, Corfu, Rhodes and a number of larger islands. Other pathways, such as the Financial Independent Person's Visa or the Digital Nomad Permit Visa cater to those seeking a more permanent move.

It’s crucial to understand the nuances of these programs and work with immigration experts to avoid potential legal pitfalls. For more detailed information about the different types of residency programs, please read the Ultimate Guide to Residency Permits in Greece in 2024.

2. Understanding the Cost of Living

One of the most frequently asked questions is whether Greece is expensive. The answer depends on where and how you choose to live. While metropolitan areas like Athens and Thessaloniki can be pricier, smaller towns and islands are more affordable.

Compared to the US, the Greece cost of living is significantly lower, particularly in areas such as rent, dining out, and public transportation. For example, according to Numbeo (October 2026), a one-bedroom apartment in central Athens rents for about €663 a month, against about €1,461 ($1,646) for a city-center one-bedroom in the U.S.

For a deeper comparison, check out our guide to the cost of living in Greece, which breaks down expenses like healthcare and groceries to help you budget effectively.

3. Buying or Renting Property

The Greek real estate market offers numerous opportunities for expats. From charming island homes to modern apartments in the city, there are plenty of options to suit different budgets and preferences. However, purchasing property in Greece is not without challenges.

Challenges associated with purchasing property in Greece include navigating bureaucratic red tape, understanding local property laws, and steering clear of overpriced deals marketed to foreigners. The article Pitfalls of Buying Property in Greece: What Expats Need to Know is a great resource for avoiding common mistakes.

For those not ready to buy, renting is a straightforward alternative. The rental market offers a variety of options, from short-term furnished apartments to long-term leases, often at a fraction of the cost compared to other European capitals. Additionally, knowing the property taxes in Greece will help you plan your finances better.

4. Navigating Greek Financial Systems

Opening a bank account in Greece is a crucial step for expats. You’ll need an AFM (tax identification number), which you can apply for at your local tax office. For newcomers, the process can be daunting, so consulting resources like How to Open a Bank Account in Greece can be helpful.

Furthermore, understanding the tax implications is equally important. Greece has a progressive tax system, and expats need to familiarize themselves with rules to avoid unexpected liabilities. The article, What is the Tax Rate in Greece?, provides a detailed breakdown of income brackets and taxation rules.

Additionally, for US expats, comparing local banking options with familiar names like Citizens Bank Greece NY may help you decide which services best suit your needs.

5. Adapting to the Greek Lifestyle

Living in Greece means embracing a slower pace of life. From afternoon siestas to late-night dinners, the local culture emphasizes quality over quantity. This shift can be refreshing, but sometimes challenging for expats used to fast-paced environments.

Integration can be eased by participating in local events, learning basic Greek phrases, and understanding cultural norms. Our blog post, Living in Greece: Pros, Cons, and Real-Life Experiences, offer honest perspectives from expats who have successfully made the transition.

For retirees, Greece’s laid-back lifestyle is especially appealing. The FIP visa, often called the retirement visa, lets retirees live in Greece on passive income such as a pension, with at least €3,500 a month for the main applicant.

Conclusion

Moving to Greece can be a life-changing decision, offering a blend of culture, history, and modern comforts. However, it requires thorough research and planning to navigate visa requirements, cost of living, property investments, financial systems, and lifestyle adjustments.

FAQ: Living in Greece – Key Questions Answered

1. Do Americans need a visa for Greece?

No, Americans can visit Greece for up to 90 days without a visa for tourism or business purposes. However, for longer stays or residency, you’ll need to apply for a visa or residency permit, such as the Golden Visa Greece or the Greece Retirement Visa.

2. Is Greece expensive to live in?

The cost of living in Greece is relatively low compared to the US and other Western European countries. Housing, dining, and public transportation are significantly more affordable, though some costs, like imported goods, may be higher. See our monthly cost of living budget for Greece for a detailed breakdown.

3. What are the main challenges of buying property in Greece?

‍Foreign buyers may face challenges like complex bureaucracy, property title disputes, and additional taxes. Working with a reputable real estate agent and legal advisor is critical. Read our guide about the pitfalls of buying property in Greece.

4. How can I get residency in Greece through investment?

The Golden Visa Greece program lets you and your family get residence permits by investing in Greek real estate. The minimum is €800,000 in high-demand areas including Attica, Thessaloniki, Mykonos, Santorini, Crete, Corfu, Rhodes and a number of larger islands, €400,000 elsewhere, and €250,000 for certain conversion projects in central Athens and Piraeus. This program is ideal for investors seeking flexibility and access to the EU.

5. What is the Greece tax rate, and how does it impact expats?

‍Greece has a progressive tax system, with rates ranging from 9% to 44%, depending on income. Expats must also consider property taxes and additional levies.

6. Can I work remotely in Greece as a non-EU citizen?

Yes, Greece offers a Digital Nomad Visa, allowing remote workers to live and work in the country for up to a year, with the possibility of renewal. This is a great option for freelancers and remote employees.

7. How do I open a bank account in Greece as an expat?

To open a bank account in Greece, you’ll need an AFM (tax identification number) and other documentation like tax declarations and proof of address.

8. What are the benefits of retiring in Greece?

Greece offers a low cost of living, a 7% flat tax rate on foreign income for retirees, and an excellent climate. Programs like the Greece Retirement Visa make it easy for retirees to relocate.

9. Can I hold dual citizenship in Greece?

‍Greece allows dual citizenship, so you can keep your original citizenship if you later become Greek. You can apply for citizenship through the standard naturalization process after 7 years of legal residence as a Greek tax resident, for example on a work permit sponsored by a Greek employer, or on a Golden Visa once you move your tax residency here. Time on the FIP visa or the Digital Nomad Visa doesn’t count. That means passing a language and culture exam like anyone else, and having tax returns showing Greek-sourced income for those years.

Get a Straight Answer on Your Own Case

Every relocation turns on the details, and the wrong permit or tax status can cost you months. Before you file anything, book a free 15-minute discovery call and we will go through your situation and tell you plainly what you need, what it costs and how long it takes.

Written by Chloe Mason, founder of My Greek Expat Journey. Chloe has lived in seven countries and has personally guided 300+ people through Greek residency, tax, property and bureaucracy. More articles by Chloe.