How Expensive is Mykonos Island, in 2019?

Greeks after the latest crisis have a joke, that one has to sell his kidney to visit Mykonos for a week during the summer. Is this a myth or a reality? Well, read below to find out for yourself!

Mykonos island in Greece is a very popular island, thus the prices tend to be quite high, especially during the high season, which is from 20th of July until 20th of August. Here is a list of prices for services in Mykonos, so that you get an idea on how expensive Mykonos island is, which is part of the review we did for our  3 Days in Mykonos Travel Guide

First of all, the high season in Mykonos starts from the middle of July and it ends somewhere after the 15th of August. The low season is April, May, June and September, October. The prices mentioned below are for the high season and you should expect prices for hotels to drop 30-40% during the low season. The prices for the food and the restaurants are more or less the same during all seasons.

Lowest price you can find on Mykonos for a double room, during the high season: 80 Euros (not at hotels but at rent-a-room, away from the Chora, e.g. at Ornos or Agios Stefanos villages)

Average price you find on Mykonos for a double room on a rent-a-room, during the high season: 100 to 120 euros 

Average price you pay on Mykonos for a double room at a hotel, during the high season: 150 euros

Cost of Eating Out in Mykonos: Around 25 euros per person. The absolute lowest cost is having 2 Souvlaki and Pita Gyros (6 euros) and a beer (another 3 euros) but we would not call this “lunch”. So, sitting in a taverna or a restaurant would cost you around 25 Euros/person at minimum.

Average price for two people to have lunch in a tavern or restaurant during the high season: 60 Euros (the lowest price you would expect to pay in a decent tavern could be somewhere around 40 euros)

Mykonos Drink Prices:

Price for a Beer in a mainstream bar in Mykonos: 6 euros

Price for a drink in a mainstream bar in Mykonos: 8 to 10 euros

Price for a cocktail in a mainstream bar in Mykonos: 10 to 12 euros

Price to rent two sunbeds and an umbrella in a mainstream beach for the whole day (e.g. Paraga/Psarrou): 30 euros and upwards (e.g. Psarrou could be up to 70 euros).

Price of a bottle of Vodka/Whiskey/Gin in a beach bar in Mykonos (e.g. at Paraga beach): 100 euros

Price of a Souvlaki or Pita Gyros: 2.8 Euros

Price to Rent-a-car for one day in Mykonos: Around 50 euros

Price to Rent-a-scooter for one day in Mykonos: Around 25 Euros

Price to Rent-a-buggy for one day in Mykonos: Around 35 Euros

Price for a taxi to get you to a beach (around 7kms drive): 15-20 Euros

Price for a bottle of water from a small shop on the streets: 0.5 euros

Price for a packet of Cigarettes: 4.5 Euros

Price of a Cold Coffee (e.g. Freddo Espresso or Freddo Cappuccino) in a beach bar: 3.5 to 4 Euros

Price of an ice cream with 2 scoops: 4 to 5 euros

We hope this gives you an idea of the prices and how expensive is Mykonos during the summer. Ofcourse, the upper limit of many services is astronomical. For example, you could pay 2.000 euros for a bottle of Champagne in Nammos restaurant in Psarrou beach, or 2.000euros per night to stay to a fancy hotel.

If you are visiting Mykonos, you may also want to read our following blog posts:

Things to Do In Mykonos in 3 days

Athens to Mykonos Ferry: How Long Does it Take

How to Get from Athens to Mykonos

11 Tips for Traveling to Mykonos

Rhenia Island: The secret paradise next to Mykonos Island

When is the best time to travel to Mykonos

 3 Days in Mykonos Travel Guide

Best Area to Stay in Mykonos