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Cyprus vs Italy: salary & cost of living
Which offers better value? A real Eurostat comparison of take-home pay and cost of living, with each country’s Gera EU Value Index.
Cyprus vs Italy: which is better value to live in?
As of 2024, Cyprus offers better salary-to-cost value than Italy on the Gera EU Value Index (94.9 vs 88.6, a 6.3-point gap, EU≈100). Cyprus pays €22,844 net a year versus €23,959 in Italy; cost-of-living indices are 97.5 and 109.5. Figures from Eurostat (earnings & price levels).
Cyprus vs Italy — head to head
| Metric | Cyprus | Italy |
|---|---|---|
| Net annual take-home pay | €22,844 | €23,959 |
| PPS earnings index (EU=100) | 102.7 | 102.4 |
| Cost of living (EU=100) | 97.5 | 109.5 |
| Gera EU Value Index | 94.9 | 88.6 |
| EU value rank (of 27) | #14 | #17 |
Compare your salary in Cyprus and Italy
Index your take-home pay against the EU norm in both
How far does your salary go in the EU?
Enter a net (take-home) salary and pick two EU countries. We index it against the EU norm using the same real Eurostat earnings and cost-of-living figures behind the Gera EU Value Index.
| Metric | Cyprus | Austria |
|---|---|---|
| Your salary, locally | €35,000 | €35,000 |
| Salary value vs EU norm | 145.4 | 120.4 |
| Local cost of living (EU=100) | 97.5 | 117.8 |
| Typical local net pay | €22,844 | €35,824 |
| Gera EU Value Index | 94.9 (#14) | 123.2 (#2) |
On €35,000 a year, your salary stretches further in Cyprus — a value index of 145.4 against the EU norm of 100, because its cost of living is 97.5 (EU=100). The same salary indexes 145.4 in Cyprus and 120.4 in Austria. The Gera EU Value Index median is 94.9.
Cyprus vs Italy — FAQ
- Is Cyprus or Italy better value to live in?
- Cyprus offers better salary-to-cost value on the Gera EU Value Index (94.9 vs 88.6, EU≈100, 2024). Cyprus pays €22,844 net a year and Italy €23,959; their cost-of-living indices are 97.5 and 109.5. Figures from Eurostat.
- Where is the salary higher — Cyprus or Italy?
- Italy has the higher net annual take-home pay at €23,959 versus €22,844 in Cyprus, for a single person at 100% of the average wage (Eurostat earn_nt_net, 2024). A higher salary does not always mean better value once cost of living is taken into account.
- Where is the cost of living lower — Cyprus or Italy?
- Cyprus has the lower cost of living, with a Gera EU Cost Index of 97.5 versus 109.5 (EU average ≈ 100), built from Eurostat price levels and household energy prices.
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Contains public sector information published by Eurostat (European Commission) and licensed under the Eurostat reuse policy (© European Union — free reuse with attribution). Source: Eurostat — Net annual earnings (earn_nt_net), single person at 100% of average wage (2024 (earnings) · 2024 price levels / 2025-S2 energy (cost of living), published 2025 (Eurostat earnings release)).