Corfu, Ionian Islands, Greece
The Ionian's emerald isle with a UNESCO Old Town, Venetian fortresses, and stunning turquoise beaches.
Below Average vs Greece avg (100)
Affordable
Household income
Job market health
Corfu vs Greece Average
Taxes
- Income Tax: 22.0%
- VAT: 24.0%
Economy & Jobs
- Median Income: €13,000
- Unemployment: 12.5%
- Population: 102,071
Climate
- Sunny Days: 260/year
- Summer High: 88°F
- Winter Low: 44°F
Housing
- Median Home: €180,000
- 1BR Rent: €550/mo
Cost of Living
Corfu's cost of living index is 95 (Greece average = 100).
| Category | Corfu | National Average | Difference |
|---|---|---|---|
| Overall | 95 | 100 | -5.0% |
| Housing | 92 | 100 | -8.0% |
Data source: ELSTAT, Numbeo, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | €180,000 |
| Median Rent (1BR) | €550/mo |
| Median Rent (2BR) | €688/mo |
| Price per Sq Ft | €120 |
Data source: Spitogatos, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Corfu:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | €90 | Based on ~3,500 kWh/year typical Greek household usage |
| Heating & Cooling | €19 | Estimated based on local climate. electric or gas heating (limited usage in mild climates) |
| Cooling (AC) | €6 | Estimated based on local climate and electricity rates |
| Water | €32 | Includes sewer |
| Internet (100+ Mbps) | €30 | Broadband average |
| Garbage / Trash | Included in taxes | Municipal service (covered by property taxes) |
| Total Utilities | €177 | Monthly estimate (including heating & cooling) |
Data sources: RAE, EDA, EYDAP 2025
Best Neighborhoods
Downtown Corfu
The heart of the city with restaurants, shops, and entertainment. Average rent: €660/mo.
Corfu Heights
Trendy area with local businesses and a mix of historic and modern housing. Average rent: €605/mo.
East Corfu
Up-and-coming neighborhood with new developments and young professionals. Average rent: €495/mo.
West Corfu
Family-friendly area with parks and good schools. Average rent: €523/mo.
Remote Work Score
Corfu scores —/100 for remote work readiness:
Climate
Corfu has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 64°F | 44°F | 2.5" |
| April | 73°F | 59°F | 2.8" |
| July | 88°F | 63°F | 1.5" |
| October | 68°F | 62°F | 2.2" |
Taxes
- Income Tax: 22%
- VAT: 24%
- Property Tax: ~0.32% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 12.5%.
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Corfu, Ionian Islands, Greece?
The cost of living index in Corfu is 95, which is Lower the Greece national average of 100.
How much does it cost to buy a home in Corfu?
The median home price in Corfu is €180,000. The housing index is 92.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Corfu is approximately €550/mo.
Does Corfu, II have income tax?
Corfu is in II, which has an income tax rate of 22%.
What is the climate like in Corfu?
Corfu enjoys approximately 260 sunny days per year. Summer highs reach around <no value>°F,88°F, while winter lows can drop to around <no value>°F.44°F.
Data Sources
- Cost of Living: ELSTAT, Numbeo, 2026
- Housing Data: Spitogatos, 2026
- Income & Employment: ELSTAT Labour Force Survey, 2024
Data last updated: July 11, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.