Thessaloniki, Central Macedonia, Greece
Greece's second city with a rich Byzantine heritage, vibrant waterfront, and renowned culinary scene.
Below Average vs Greece avg (100)
Affordable
Household income
Job market health
Thessaloniki vs Greece Average
Taxes
- Income Tax: 22.0%
- VAT: 24.0%
Economy & Jobs
- Median Income: €14,000
- Unemployment: 14.2%
- Population: 1,012,297
Climate
- Sunny Days: 240/year
- Summer High: 90°F
- Winter Low: 38°F
Housing
- Median Home: €150,000
- 1BR Rent: €550/mo
Cost of Living
Thessaloniki's cost of living index is 92 (Greece average = 100).
| Category | Thessaloniki | National Average | Difference |
|---|---|---|---|
| Overall | 92 | 100 | -8.0% |
| Housing | 90 | 100 | -10.0% |
Data source: ELSTAT, Numbeo, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | €150,000 |
| Median Rent (1BR) | €550/mo |
| Median Rent (2BR) | €688/mo |
| Price per Sq Ft | €100 |
Data source: Spitogatos, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Thessaloniki:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | €95 | Based on ~3,500 kWh/year typical Greek household usage |
| Heating & Cooling | €32 | Estimated based on local climate. electric or gas heating (limited usage in mild climates) |
| Cooling (AC) | €12 | Estimated based on local climate and electricity rates |
| Water | €32 | Includes sewer |
| Internet (100+ Mbps) | €28 | Broadband average |
| Garbage / Trash | Included in taxes | Municipal service (covered by property taxes) |
| Total Utilities | €199 | Monthly estimate (including heating & cooling) |
Data sources: RAE, EDA, EYDAP 2025
Best Neighborhoods
Downtown Thessaloniki
The heart of the city with restaurants, shops, and entertainment. Average rent: €660/mo.
Thessaloniki Heights
Trendy area with local businesses and a mix of historic and modern housing. Average rent: €605/mo.
East Thessaloniki
Up-and-coming neighborhood with new developments and young professionals. Average rent: €495/mo.
West Thessaloniki
Family-friendly area with parks and good schools. Average rent: €523/mo.
Remote Work Score
Thessaloniki scores —/100 for remote work readiness:
Climate
Thessaloniki has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 58°F | 38°F | 2.5" |
| April | 75°F | 53°F | 2.8" |
| July | 90°F | 65°F | 1.5" |
| October | 70°F | 56°F | 2.2" |
Taxes
- Income Tax: 22%
- VAT: 24%
- Property Tax: ~0.3% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 14.2%.
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 Thessaloniki, Central Macedonia, Greece?
The cost of living index in Thessaloniki is 92, which is Lower the Greece national average of 100.
How much does it cost to buy a home in Thessaloniki?
The median home price in Thessaloniki is €150,000. The housing index is 90.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Thessaloniki is approximately €550/mo.
Does Thessaloniki, CM have income tax?
Thessaloniki is in CM, which has an income tax rate of 22%.
What is the climate like in Thessaloniki?
Thessaloniki enjoys approximately 240 sunny days per year. Summer highs reach around <no value>°F,90°F, while winter lows can drop to around <no value>°F.38°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.