Is Mykonos as expensive as Ibiza?

While Mykonos is no doubt stunning, from its beaches to its resorts, I found it to be overpriced and overcrowded when I visited over the summer. Ibiza, on the other hand, felt accessible at different price points and relatively easy to book and enjoy, even in peak season.



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With the rise of tourism to Greece year after year, also came the price hikes to many of the islands. Mykonos is definitely one of the more expensive Cycladic islands, with some of the most expensive hotels in Greece.

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To make this long story short, it really depends on what you are looking for. If you want to party, Greek Islands are much cheaper, Ibiza is what I would call more sophisticated. If you are looking to stay in a smaller, not party, town I would choose Greece, pricewise.

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Comparing like with like, Mykonos is more expensive than Ibiza and Formentera. I have stayed in all three places. In general people going to Mykonos get the ferry to other islands e.g. Use direct flights to Mykonos to access all the other Cyclades islands.

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To make this long story short, it really depends on what you are looking for. If you want to party, Greek Islands are much cheaper, Ibiza is what I would call more sophisticated. If you are looking to stay in a smaller, not party, town I would choose Greece, pricewise.

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How much money will you need for your trip to Mykonos? You should plan to spend around €149 ($157) per day on your vacation in Mykonos, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, €48 ($50) on meals for one day and €24 ($25) on local transportation.

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Mostly famous for its bustling party scene, nightlife, and LGBTQ+ welcoming ambiance, Mykonos is a must-visit Greek island.

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The wild vibe of Mykonos is often compared to Ibiza, the Spanish island also famous for its nightlife. Clubs in Ibiza are also open all day and night in summer, while renowned DJs also give shows and present their new songs, as is the case on Mykonos. Both islands share marvelous beaches and are very well-developed.

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Mykonos has a reputation as the most expensive and party island in Greece. But, despite its wild reputation, it is still high on many people's bucket lists because of its fabulous beaches, Mykonian hospitality, endless shopping, delicious cuisine, and incredible photo opportunities.

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September, October, March, April, and May are the cheapest months to go to Mykonos.

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Travel in the shoulder season By shoulder season, we mean the months either side of July and August. During these peak months, hotel prices skyrocket and so does the cost of a cocktail – avoid if you want to keep spending down. Instead, aim for May, June, September, or October.

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In brief, Mykonos is the queen of nightlife. Often compared to Ibiza, the bars and night clubs located in the Town and its famous beaches host major events and parties that entertain guests until the early morning hours!

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Here is a list of the traditional Mykonos tastes served at Ornos Bay Mykonos restaurants that will give you a much-welcome feast of aromas and flavours.
  • Louza – Spicy and refined! ...
  • Kopanisti cheese – Creamy and peppery! ...
  • Xinotiro – Fruity and palatable cheese! ...
  • Onion pie or Kremidopita – A burst of tastes!


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Asked why Ibiza is so expensive, Finardi said by email that the island is popular with upmarket travelers who want a combination of “beautiful scenery, high quality restaurants and bars, chic shopping experiences and lively nightlife.”

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Mykonos, often called as the Ibiza of Greece | Greeka.

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