How Much Money Do I Need In A Day In Mykonos?

Nestled in the heart of the Cyclades, Mykonos is a hotspot for travelers seeking a mix of culture, charm, and vibrant nightlife. But how much money do you need for a day in Mykonos? The answer largely depends on your travel style, preferences, and the time of year. This guide breaks down the average daily costs for a budget stay in Mykonos during peak season (July and August).

Budget Accommodation: €60 per person

Accommodation is often the largest expense, but prices can vary drastically based on location and type. A budget hotel room or a simple Airbnb rental might set you back around €60 per person per day.

Breakfast: €6

Start your day with a quick, budget-friendly breakfast from a local bakery. A coffee and a traditional Greek pie might cost around €6. For a fuller breakfast at a café, budget €10-€15.

Transportation: €12 per person

Renting a motorbike is an economical and convenient way to get around the island. Expect to pay around €12 per person per day (€25 for two). Remember, safety first – always wear a helmet!

Beach Expenses: €35 per person

A pair of sunbeds on a less-crowded beach could cost about €20 per person. Add to this the cost of refreshments, with a coffee priced around €5 and a soft drink at €10, bringing your total beach cost to €35.

Lunch: €30 per person

A hearty meal at a mid-range taverna would cost around €30 per person. This could include a main dish like moussaka, a salad, and a drink.

Evening Entertainment: €40 per person

Mykonos nightlife is vibrant and offers options for all budgets. If you plan on grabbing a couple of cocktails at a local bar, budget around €30. Later, you might want to grab a light meal like a couple of gyros or souvlaki pitas, adding around €10 to your daily expenses.

Total Daily Budget: €183 per person

Adding up all these costs, a budget-friendly day in Mykonos comes to around €183 per person.

But remember, these estimates represent a budget-conscious traveler and prices can fluctuate based on various factors like personal preferences, special events, or specific locations within Mykonos.

Upscale Experience: The Sky’s the Limit

Mykonos is also famous for its luxurious experiences, and if you choose this path, you can easily spend upwards of €1000 or more per day. Here are a few factors that could significantly increase your daily budget:

Luxury Accommodation: High-end resorts or luxury villas can cost several hundred euros per night.
Gourmet Dining: Fancy a gastronomic adventure? Upscale restaurants like Nobu Matsuhisa at the Belvedere Hotel can dramatically increase your food budget.
Exclusive Beach Clubs: Renting sunbeds in the most exclusive areas of beaches can cost up to €200 for a pair. Add in a bottle of champagne at a trendy beach club like Nammos, and you’re looking at a significantly higher expense.
Private Tours or Excursions: Private boat tours or wine tasting experiences are other ways your costs can rapidly escalate.

Remember, everyone’s travel budget and style are different. The important thing is to plan according to your personal preferences and financial comfort level. Whether you’re a budget traveler or a luxury seeker, Mykonos promises an unforgettable experience. Happy planning!

How much money do I need in a day in Mykonos?