Overall, the cheapest city to live in Cyprus is Paphos, with the most expensive being Limassol largely due to the high costs of rent and housing.

In 2026, the Northern part of Cyprus (TRNC) remains significantly cheaper than the Republic of Cyprus (the South) due to the use of the Turkish Lira and lower overall cost of living. Within the Republic of Cyprus, the Paphos region and the inland villages of the Troodos Mountains offer the best value for money. Specifically, the town of Polis Chrysochous in the northwest is known for being more affordable and "authentic" compared to the high-priced tourist hubs of Limassol or Ayia Napa. For long-term stays, Larnaca offers a better balance of "city amenities" and lower rent than the capital, Nicosia. In 2026, a "pro-tip" for budget travelers is to visit in the "shoulder" months of April or October; you'll find that local tavernas in the Paphos district offer full "Meze" dinners for nearly half the price of the waterfront restaurants in Limassol, while the beaches and weather remain equally stunning.