Is Monastiraki Expensive?

Athens, Greece

+10% vs Athens avg

Living in Monastiraki, Athens

Monastiraki is a moderately-priced area within Athens, with a cost of living index of 33.7 — that is +10% compared to the Athens average. It sits around the middle of the pack at #7 out of 20 neighborhoods. Estimated rent for a one-bedroom apartment here is around €653/month, compared to a range of €427 in Patisia to €772 in Kolonaki.

Monthly Budget Breakdown

For a typical resident of Monastiraki, housing takes up roughly 47% of monthly expenses. Food and groceries account for about 16%, while transportation costs around 9%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately €26,115 before tax.

Typical Salaries in Monastiraki

Salaries in Monastiraki reflect the local cost of living. Based on the neighborhood COLI of 33.7:

After tax and deductions of 30.2% in Greece, take-home pay for someone earning €26,115 would be roughly €18,228/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

33.7
COLI Index
1.10x
vs City Avg
€653
Est. 1BR Rent
#7
of 20 Areas
30.2%
Total Deductions

Tax & Deductions in Monastiraki

Estimated annual deductions on a €21,430 salary in Monastiraki, Athens (local employee).

Income Tax
16%
Social Insurance
13.9%
Total Deductions: 30.2%
Est. Take-Home: €14,958/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Monastiraki would need to be elsewhere:

City Currency Equivalent
New York USD $25,275
London GBP £21,751
Dubai AED AED 126,471

Other Neighborhoods in Athens

Neighborhood COLI Multiplier vs Avg
Kolonaki 39.8 1.30x +30%
Vouliagmeni 38.2 1.25x +25%
Kifissia 37.3 1.22x +22%
Plaka 36.1 1.18x +18%
Filothei 36.1 1.18x +18%

View all 20 neighborhoods in Athens →

Convert Your Salary

See exactly what you need to earn in Monastiraki, Athens to maintain your lifestyle.

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Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Monastiraki:

La Merced, Málaga Los Yoses, San José (CR) Letná, Prague Mai Khao, Phuket Tobalaba, Santiago Puerto Aventuras, Playa del Carmen

Frequently Asked Questions

Is Monastiraki expensive in Athens?

Yes, Monastiraki is one of the more expensive neighborhoods in Athens. It costs about +10% more than the city average, ranking #7 out of 20 neighborhoods.

How does Monastiraki compare to the Athens average?

The cost of living in Monastiraki is above the Athens average. With a multiplier of 1.10x, everyday expenses including rent, food, and transportation are +10% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.