trip to mykonos cost

Is Mykonos Expensive? A Mykonos Trip Cost Guide

Last Updated on January 4, 2024

by Lizzie Fitzgerald

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Imagine a Greek island, with whitewashed houses, narrow streets and picture-perfect beaches. There are so many islands that it could be! Now add glitz, glamour and parties that last all day and night! Do you know which island we’re talking about now? Of course, we’re talking about Mykonos ! But, is Mykonos expensive to visit?

This is the most commonly asked question by travellers planning a trip to the Isle of the Winds.

Especially when compared to other Greek islands , Mykonos can be quite an expensive destination with an average of €75-455 (approximately $82-497 USD) per person per day.

Luckily there are many budgets that you can visit Mykonos on – read on to discover your Mykonos trip cost!

Table of Contents

Mykonos Trip Cost Guide

Getting great deals is possible in April/May and September/October and these can be a great time to visit Mykonos if you’re looking to save a few Euro.

Do remember that during these times, the sea is chilly, and the island might be windier with fewer amenities available. With this in mind, the following prices are based on visiting around the months of July & August.

Accommodation Prices

Mykonos has many accommodation choices to suit all types of travellers!

It’s important to work out where you would like to stay. The island of Mykonos has lots of places to rest your head, but the three main choices are between Mykonos town (known as Chora), a party beach like Paradise Beach known for its nightlife, or a quieter beach like Ornos or Psarou.

Also worth considering is the type of room you’ll be staying in – Mykonos has it all, from the basic to the ultra-luxury.

If you’re looking to experience Mykonos on a budget you might want to stay in a hostel as accommodation in Mykonos can be incredibly expensive. However, this sounds easier than it is.

There is only one real hostel, Mycocoon Hostel in Chora. This hostel has a huge 46-person dorm, a rooftop pool and can cost around €40-70 per person, per night depending on the season!

A much better budget option would be to stay in one of the cabins at Paradise Beach or Paraga Beach Camping, this will cost around €45 per night for a two-person cabin/tent – but the quality is reflected in the price.

For a nice pension or guesthouse , there are plenty of choices in Chora or at the beaches. Expect doubles to start at around €150 per night with breakfast. Expect to pay slightly more, around €170 for a boutique hotel or rooms within walking distance to quieter beaches like Platis Gialos and Ornos.

Mykonos has some of the finest hotels in Greece – for a 5-star hotel with a rating above 9.0 on Booking.com you can expect prices for doubles to range between €300 at the bottom end to about €700, with an average of €500 per night.

When you start adding things like hot tubs and private pools these prices go up to almost €1000 per night, and for luxury villas expect to pay around €1500 per night for accommodation that will sleep 6 guests.

Transportation Prices

Mykonos isn’t a big island – driving from Chora to Paradise beach will only take you around 20 minutes with your own transport. But what transport do you need to get around the Island of the Winds?

The cost of transportation in Mykonos can vary depending on what methods you choose. It’s also the same as the cost of getting to Mykonos, as visitors can take a ferry from Athens or islands like Santorini (you can book ferries here ) or even take a flight directly to this beautiful island, as well.

For most travellers, you’ll be able to explore Mykonos without having to rent anything. If you’re staying in Chora, the entire old town is perfectly accessible on foot – in fact, it’s the only way to explore this warren of alleyways and churches. All other settlements on the island are smaller, and can also be explored on foot.

Mykonos has an extensive public bus system based out of Fabrika, just south of Chora. During peak summer, buses run from early morning into the early hours for most destinations. You pay on board with cash, and a ticket costs on average €2 depending on the destination – so €4 for a return trip.

Mykonos has a limited number of taxis – there are only 34 on the whole island. They are heavily regulated – prices in Mykonos are metered and have surcharges for things like heavy luggage or going to the airport. You can pre-book an arrival, try hailing one in the street, or organise a taxi or private transfer in advance.

If you’re having a glorious day of beach hopping, you can use the Mykonos Water Taxi , for a hop-on, hop-off service along the south coast for a very reasonable €20 per person for the whole day.

If you want to get around the island with more freedom, consider renting a scooter or motorbike! It’s a great way to get around, and you can park anywhere! Scooter rental on your trip to Mykonos costs around €30 per day.

Car rental in Mykonos starts at around €30 per day for a small car. With narrow roads and a lack of big parking spaces, if you are going to rent a car it should be small! Driving in Mykonos is stressful, take your time and take it slow. You can browse car rental options here.

Food Prices

Mykonos is a gastronomic heaven and the food in Mykonos can vary in price depending on what and where you choose to dine.

There are many cuisines available here on so many different levels – from street food to fine dining, fresh seafood to traditional Greek, the island has it all. But how expensive is Mykonos for eating?

Well, Mykonos is amongst the most expensive places in Greece for food, but there is so much choice available that there are some tricks to bring costs down and it’s definitely possible to eat well while you visit Mykonos on a budget.

The usual street food staples are available. An array of phyllo pies (think spinach & feta or ham & cheese) are available from bakeries all over the island, and will cost around €2 – add an iced coffee to this and you’ll get a hearty breakfast for under €5. Hunt out the Medieval Bakery in Chora, or nationwide chains like Attica Bakery to sample these hunger-busting delights.

For the ultimate street food staple, any visitor to Greece must try gyros or souvlaki. This pita bread packed with rotisserie or skewered meat, fries, tomatoes, onions and tzatziki is a bit more expensive in Mykonos than on the mainland, but the wrap should cost around €4.

Whereas a larger meal-sized gyros plate will cost around €12. Sakis Grill House, Jimmy’s Gyros or Souvlaki Story are all excellent choices.

There aren’t many options on the island for set lunches, but there are plenty of reasonably priced meals for a lunchtime snack. If you’re soaking up the rays and the beautiful waters of the Aegean Sea at Paradise Beach, try Aris’ Pizza – arguably the best pizzas on the whole island for around €12.

If you’re a fan of seafood, Mykonos is a great place to try it. For seafood in a traditional setting, head to Kiki’s Taverna at Agios Sostis Beach. Prices are fair, the ambience is fantastic and there are no bookings. You will pay around €20 for a main course, and €7 for a meze (starter plate).

Finally, for dining in Chora, expect to pay a little more, and either book ahead, or be prepared to wait for a table. M-Eating & Eva’s Garden both serve excellent meals, with great service. Mains are €20-40, and mezes €8-15.

Activities Prices

If you want your vacation to Mykonos to go beyond the food and the beaches, then you have a treat in store – there is so much to see and do in Mykonos. Is Mykonos expensive for tourists? It certainly doesn’t have to be!

Wandering the old town is a completely free delight. Make sure to stop by the Kato Mili Windmills, Little Venice, the Paraportiani church, the chapel of Agios Nikolaos, and try to find Petros the Pelican – the island’s mascot. Plan to spend several hours exploring the town fully.

Of course, if you’d like a guide, you can easily book one in advance for around €35 pp.

There are a few small museums in town – the excellent Folklore Museum is a bargain at the €2 suggested donation. The Archaeological Museum of Mykonos houses beautiful ancient pottery, incredible statues and gorgeous metalwork. The museum is well worth the €4 entry fee.

If the museums are still tickling your interest and want to head a little further afield – book an organised trip to the island of Delos. An incredibly important trading post and city during antiquity it is also the birthplace of gods Apollo and Artemis.

The entire island is an archaeological site, and is best visited with an organised tour. For around €60, you’ll get a return ferry, guided tour and entry to the island. It can be booked in advance here.

If you’d rather be on the water without all the history, you could book a sunset boat tour – usually lasting around 2-3 hours you’ll get wine and some snacks as your captain takes you to scenic spots to enjoy the famous Mykonian sunset – around €50 per person.

If being on the water and a little more active is your cup of tea then you could try a two-hour kayaking tour with Mykonos Kayak. Taking in the craggy coves of the island with a guide costs €75 per person.

Finally, Mykonos is great for water sports, and most beaches have an operation. At Elia Beach you can try a huge array of activities – tubing starts at €30 per person, jet skiing starts at €55, whilst parasailing starts at €85.

Entertainment Prices

If you’re looking at having a relaxing beach holiday, it’s certainly possible to explore Mykonos on a budget and save money on entertainment. However, this island is rife with ways for you to part with your money, and they all involve having a good time!

It’s possible to get iced coffees on a budget for around €2 from chains like Everest or Veneti, but there are plenty of excellent cafes in Chora offering similar coffees with a tad more ambience for €4-5.

Greek beers Alpha and Mythos are available throughout the island’s mini-marts for €2 for a half litre. Sit down at a gyros shop or cafe and these prices will rise to around €4, and at a bar or restaurant, the same bottle will cost upwards of €6. A glass of wine would also cost between €6-8 at dinner.

Mykonos has no shortage of cocktail bars – some of the best cocktails can be found in Little Venice. Rhapsody Bar has excellent strawberry daiquiris for around €12, while most bars have cocktails starting at around €14.

As always check the menu before you order, I’ve seen cocktails priced higher than €30, and one bar charging €30,000 for a 6L bottle of champagne! These aren’t typical drink prices in Mykonos, but some places are happy to try and rip you off.

There’s lots of fun to be had at Mykonos’ beaches. All beaches will have a free area where you can put down a beach towel – arrive early as these spots fill fast.

A sunbed with a parasol can cost anywhere between €20 – €50 per person per bed. Some beach clubs do things differently, offering sunbeds as part of a minimum spend at their establishment (usually €100).

Finally, what can you expect to spend on a night out? Most bars and nightlife venues don’t charge entry, but big clubs will. Mega-club Cavo Paradiso charges for entry, between €25 per person and up to €75 for big-name DJs like Robin Schulz. Prices include a drink with entry, and once inside expect to pay €10 for a beer or €12 for a cocktail.

Is Mykonos Expensive? Average Prices in Mykonos

Below is a range of the prices that you can expect to pay per person, per day in Mykonos. This is assuming that some prices, such as accommodation or a car hire are split between two people.

Accommodation : €40 – €250 / night

Transportation : €5 – €30 / day

Food : €15 – €60 / day

Activities : €5 – €75 / day

Entertainment : €10 – €40 / day

Totalling this up you can see your approximate Mykonos trip cost. On average expect your costs in Mykonos to land at around €75-455 per person per day.

This won’t include any pre-trip expenses such as airfares or travel insurance.

While this is quite a range, how much your trip to Mykonos will cost really depends on how you choose to spend your time and money while visiting this beautiful island.

So, to answer the question, Mykonos is expensive for tourists – you can make your own decision! The Island of the Winds can be enjoyed by rich and poor alike – by penniless backpackers looking to party all night or by influencers relaxing in their infinity pools.

Are you wondering about the prices in Mykonos? Have any questions? Let us know in the comments!

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About Lizzie Fitzgerald

Lizzie is a writer for The World Was Here First. She loves travelling and discovering new places but also often finds herself returning to her favourite destinations. She has a particular affinity for Greece where she has visited countless islands and destinations on the mainland.

That’s so beautiful Mac, advance congratulations to you and your wonderful wife. What a remarkable journey from your unforgettable proposal on Paradise Beach. Long Live!

Going back to Mykonos for the first time since 1973. Spent May, to September with my ( girlfriend/ wife who I proposed to on Paradise Beach on September 9th 1973. 50 years of marriage next year. Cost for 5 months was £360 for 2 included everything in 1973, expecting same pricing!. Just travelling back in time, what a journey we had then, expecting something different now! But just loved the Greek hospitality.

How much does a trip to Mykonos Cost?

How much money should you budget for your trip to Mykonos?

How much does a weekend trip to mykonos cost.

How much does a five-day trip to Mykonos cost?
How much does a one-week trip to Mykonos cost?
Hostel Prices
Hotel Prices

The Cost of a Trip to Mykonos

A trip to Mykonos for one person usually costs between $123 and $670 per day and $245 to $1,340 for two people. This is a wide range of costs, and the daily average per person from our data is $297 (€272) per person. This average includes food, accommodation, sightseeing, and local transportation expenses contributed from other travelers. Prices can vary based on travel style and activities. While the overall price for a trip to Mykonos is dependent on your personal travel style and the specific places you visit, if you book standard accommodation and travel with an average level of convenience, then your budget should be somewhere close to this average cost. Later in this article, you can find a breakdown of travel expenses by category, plus a general price range of accommodation and activity costs for your visit. Also, the prices for individual attractions and hotels may vary, but generally fall somewhat close to the price ranges described in this article.

Budget travelers to Mykonos often spend around $123 per day. This usually includes a stay at a hostel and meals at affordable restaurants around town. Many budget travelers also prefer free activities over those that cost too much money. If you have a bit more money to spend, you should budget around $297 (€272) per day. This average includes a mid-range hotel and more meals in restaurants, along with a higher budget for entertainment and activities. Luxury travelers should plan to spend around $670 a day which includes higher-end accommodations, restaurants, tours, and activities. For more details, see our average travel costs for Mykonos here .

Travelers spend, on average, $890 per person on a three-day trip to Mykonos. This includes sightseeing, hotels, food, and local transportation. You can stick close to this average price by staying at mid-range hotels and eating at mid-level restaurants, while also paying for some entry tickets to popular attractions. If you wish to travel cheaper, it's possible to find lower-cost accommodations, eat at less expenive restaurants, and find more free activities. It's also common for many visitors to have a much higher travel budget, as many high-end hotels and restaurants can be found around town.

How much does a five day trip to Mykonos cost?

With five days in Mykonos, you can expect to spend about $1,483 total, not including transportation to and from the city. It's possible to stay close to this daily average by booking mid-range hotels, eating at normal restaurants, and paying for some entry tickets to popular attractions. It's possible to find lower-cost accommodations, eat at less expenive restaurants, and find more free activities if you want to spent less money.

How much does a one week trip to Mykonos cost?

Most visitors spend between $859 and $4,689 for a one week trip to Mykonos, with the average being $2,077 . This includes sightseeing, local transportation, food, and hotels. One week is enough time to have a more in-depth experience in Mykonos. Also, one week allows you to be more flexible with your time and money, so you can potentially save money on some aspects of your trip while spending more on others.

Hostel Prices in Mykonos

With more than 1 hostels in Mykonos, the average price is $33 per night for a dorm bed. The cheapest hostel costs $33 and the most expensive is $33. Usually popular with younger travelers, hostels are a great way to save money while also being social. But not all hostels are the same, and we've analyzed the prices of both dorms and private rooms to find the average prices and best places to stay. You can see more details about the hostel prices in Mykonos here .

Hotel Prices in Mykonos

The average price for a hotel room in Mykonos is $169 per night. This average is based on our detailed analysis of available hotels in the area. If you want to save money, or if you're planning a more luxurious trip, it's important to look at hotel prices based on the overall star-rating as well as guest reviews. Also, prices can vary by location and amenities. You can see more details from our analysis of hotel prices in Mykonos here , and below is a breakdown of hotel prices by star-rating.

Lithos by Spyros & Flora

Bluetopia suites.

Should you do a tour in Mykonos?

You'll find a wide range of guided tours in Mykonos and many visitors enjoy the convenience of having an expert guide leading them through the chosen activity. Tours range in price from $9 for the Mykonos: Find your (queer) god Self-Guided Audio Tour to $749 for the Mykonos: Delos and the city walking tour .

Mykonos Private Island Tour Viator $ 169
Mykonos Private Island Tour : $169
Private Only "The Highlights" Walking tour: $152
Private Tour Mykonos : $175
Best private local tour guided in Mykonos - 4 hours!: $186
Private Tour- 4 Hours Mykonos Island: $186
2 Hours Gems of Mykonos Private Tour: $109
Deluxe Mykonos Tour for Cruise Passengers: $84
Mykonos Highlights | Half Day Private Tour : $137

More for Mykonos

If you're planning a trip to Mykonos, Greece, check out these other informative travel guides.

We've been gathering travel costs from tens of thousands of actual travelers since 2010, and we use the data to calculate average daily travel costs for destinations around the world. We also systematically analyze the prices of hotels, hostels, and tours from travel providers such as Kayak, HostelWorld, TourRadar, Viator, and others. This combination of expenses from actual travelers, combined with pricing data from major travel companies, gives us a uniqe insight into the overall cost of travel for thousands of cities in countries around the world. You can see more here: How it Works .

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1 Categories averaged on a per-item basis. 2 Categories averaged on a per-day basis. For example, the Food 2 daily average is for all meals for an entire day, while Entertainment 1 is for each individual purchase. Thus, the overall daily average cost is not a summation of the individual categories.

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Home » Europe » Greece » Is Mykonos Expensive? (Tips for Visiting in 2024)

Is Mykonos Expensive? (Tips for Visiting in 2024)

Take a moment to imagine the pristine, white-sand beaches of Mykonos. Are you done? I thought not. It’s something that could keep your mind occupied for hours and hours!

And let’s not forget the vibrant Mykonos nightlife! It is nothing short of heady and amazing.

Soothing beaches by day and an epic party scene at night. What more could you ask for, right?

And then we also have the iconic Windmills (Kato Milli), the shopping area of Matoyianni Street, and the romantic neighborhood of Little Venice. But I’ll save these gems to discuss later.

Now, some travelers might find Mykonos expensive to visit, especially those coming from countries with a weaker currency. On the other hand, those coming from the likes of Australia, Europe, Canada, and the US might think otherwise. However, your holiday doesn’t have to be expensive, as you’ll find out later in this guide. So, no need to be put off by the seemingly high prices of the all-inclusive resorts — there’s hope!

Many people ask the question — Is Mykonos expensive? This is both a yes and no answer. While parts of the Mykonos experience can definitely be seen as being on the luxe side, if you travel smartly and follow the tips in this guide, you’ll be able to manage a holiday of a lifetime — and that too without burning a hole in your pocket!

Use this guide to help you plan your budget for your trip to paradise. This will ensure that you don’t get caught off-guard with the costs you will incur.

Right, now, let’s get cracking (and dreaming of sunbathing on those beaches)!

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So, How Much Does a Trip to Mykonos Cost on Average?

Cost of flights to mykonos, price of accommodation in mykonos, cost of transport in mykonos, cost of food in mykonos, price of alcohol in mykonos, cost of attractions in mykonos, additional costs of travel in mykonos, some final tips for saving money in mykonos, so, is mykonos expensive, in fact.

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So, how expensive is Mykonos? Well, that depends on multiple factors. In this guide, we will be looking at a number of key cost categories in order to get an accurate estimate.

We’re going to be looking at the following costs:

How to get there
Where to sleep
What to eat
What to drink
How to get around

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One important thing to note before we start looking at the cost of a Mykonos trip is that all the costs in this guide are estimates. They were accurate at the time of this guide being published, after extensive research and personal experiences were factored in. Like many aspects of life, they are subject to change — and most likely will!

Also, all costs are listed in United States Dollars (USD). Mykonos makes use of the Euro (EUR). Find out how much your money is worth today by using the up-to-date converter below.

Next, we continue to gather all the necessary information to answer the all-important question here: Is Mykonos expensive?

Here below is an estimate of what costs you’re likely to incur while traveling to stunning Greece and the island of Mykonos.

So what are we waiting for? Let’s dive in! (No scuba-diving pun intended whatsoever!)

3 Days in Mykonos Cost

ESTIMATED EXPENSE: $500 for a return ticket

Right, now, one of the biggest expenses while going to Greece is your international flight — you need to get to Mykonos first! The airfare depends on the time of year that you are traveling. Flights at different times of the year have different prices — for instance, summer = expensive; winter = cheaper. Well, this is normally the case.

You also need to factor in where you’re flying from. In this post, we’re going to be looking at flights to and from four major cities — New York, London, Sydney, and Vancouver.

The cheapest month to fly from New York to Mykonos, for instance, is September. This will require a bit of pre-booking (give yourself at least six weeks) but you should be able to score a sweet deal!

Skyscanner is a great tool to use to help you find the cheapest flights. I’ve used it time and time again for all my trips, and it’s helped me save a lot of cash over the years. Again, prices are subject to change and are continuously fluctuating, even by the second! So, take these as an estimate but don’t hold me completely liable.

Let’s now look at flight costs from the various international cities:

New York to Mykonos : 500 – 1300 USD
London to Mykonos : 60 – 250 GBP
Sydney to Mykonos *: 1750 – 2450 AUD
Vancouver to Mykonos *: 1400 – 1800 CAD

Keep in mind that for Sydney and Vancouver, there are no direct flights available to Mykonos — you will first have to fly into Athens first .

Now, I fully understand how most international flights can seem daunting at first glance —been there, done that! But there’s no need to lose hope because you can always nab a sweet deal from an airline, intentional or not. Airlines often have sales so be on the lookout for those. You will be able to save big!

Another (lucky) scenario is when airlines make mistakes with pricing. This can be a massive score, but you need to be quick! These low fares can disappear as quickly as they appeared.

Have fun researching the best flight options but don’t forget that Mykonos-Manto Mavrogenous Airport (JMK) is the busiest international airport on the island. In fact, it’s the only airport on the entire island so it makes searching for flights a bit easier.

ESTIMATED EXPENSE: $30 – $150 per day

Right, now that we’ve got one of the biggest expenses out the way, you’ll need a place to stay in Mykonos — a base, if you will. Now, with most destinations around the world, there are cheap as well as expensive options. Mykonos, relative to the other Greek islands, can lean on the more expensive side.

While this gorgeous island can surely be somewhat of a tourist trap, to be honest, there’s no reason to lose hope just yet. There are many affordable accommodation options to choose from if you’re willing to look. Luckily for you, I’ve done some digging and found some reasonable options. And if you’re a trust-fund traveler, don’t worry, there are some nice bougie options for you too!

So there is a nice mix of accommodation options to choose from in Mykonos, from hostels and hotels to Airbnbs and other unique offerings. As with all destinations, hostels are going to be the most cost-effective option. Hotels and resorts will most likely put a dent in your pocket if you’re a hardcore budget traveler .

Airbnbs are of course a nice way to escape the crowds and lack of privacy that hostels are known for. They are also definitely more intimate, and great for a bit of alone time — the kind of place you’d be happy to bring someone back to versus a 20-bed hostel dorm. You’d be surprised, though — some people don’t care!

Hostels in Mykonos

Hostels are the cheapest form of accommodation you’ll find in Mykonos. This is the accommodation everyone hates to love — or loves to hate. Whatever the case, hostels have their pros and cons. They’re cheap, a great way to meet people, and can often help you with further touring options. With that, they can also be loud, chaotic, and completely non-private.

That being said, you’ll always kind of know what you’re in for when you book a hostel, and some of them can be amazing! Think luxury hostels that are almost hotel-like in their offerings. You can always do some further research using hostel guides to find yourself a real gem.

There aren’t too many hostel options in Mykonos which is why the prices might seem a little on the higher side. You can expect to pay between $30 and $90 for a hostel, but remember that these prices can rise depending on the time of year. You might be in for a bit of a shock during the peak summer months, for instance!

Here are a few hostels I’ve picked that I think are pretty epic:

Mycocoon Hostel Mykonos : This is one of the only true hostels on the island. Combining stylish decor and architecture, it is conveniently located on the island and caters to both a young and old crowd.
Villa Vasilis Ornos : While not a true hostel in the sense that there aren’t dorm rooms, this property offers studio and apartment accommodation. Great views coupled with a fully kitted apartment will make your island trip most memorable.
Orpheas : The rooms here are conveniently located near the Windmills, Little Venice, and many local bars and restaurants. The bus station is also just a stone’s throw away.

Airbnbs in Mykonos

One of the most popular accommodation offerings in Mykonos is private apartments found on Airbnb. Having your own rental apartment is bliss. You can do your own thing, walk around in the nude, and cook your own meals — what fun! They also offer a nice break from crowded hostels, especially if you’ve been traveling for an extended period of time.

Airbnbs in Mykonos are readily available but differ greatly in price depending on their location. The closer to the sea and the better the view, the more you’re going to be paying for your Airbnb. You can expect to pay upwards of $50 for an apartment, and some rates can even go into the hundreds of dollars. Luckily, Airbnb makes it easy to find something to suit every budget. You can filter your searches and get exactly what you’re looking for at the right price.

Here are a few apartments I found that are definitely worth checking out in Mykonos:

Rooftop apartment in Mykonos center : This rooftop apartment is a cool space in the center of Mykonos. This is a great option for couples at a price of $56 a night.
Modern sea-view apartment : A very cool, modern apartment with views of the Aegean Sea. Who needs a TV when you can look at the ocean all day? PS. it has an HDTV as well. You’ll be paying about $81 a night.
Beautiful suite with a magical view : Now, to end with a bit of luxury. This apartment really lives up to its name — the views are magic! All for $165 a night. Go on, treat yourself!

Hotels in Mykonos

Hotels are going to be the most expensive accommodation option available to you — that’s a no-brainer. However, sometimes you can score a pretty sweet deal for an epic hotel. Expect to pay anywhere between just over $100 and $500 a night — and even more, in some cases!

Now, many people believe that hotels are the most favorable accommodation type as they’re likely to include breakfast. They’re also fully serviced, and you have your own private room all to yourself. Rooms normally have some pretty sweet amenities plus there’s room service — oh, the absolute joy!

Let’s now look at a few of the hotel options available in Mykonos:

Bellou Suites : This property is a mere 350-meter walk to the beach — what more could you ask for? A double bed and conveniently located in the city? Check and check for $107 a night!
Mykonos Pantheon : Breakfast included, with a large double bed, and sea views? Don’t mind if I do! All for $156 a night.
Mykonos Ammos Hotel : A 5-star boutique hotel with an outdoor pool, on Ornos beach, in Mykonos? That’s a hell yes from me! It’s a little costly at $261 a night — but hey, who doesn’t like some luxury once in a while?

Unique Accommodation in Mykonos

While most of the accommodation offerings in Mykonos are rather conventional — hotel, hostel, or apartment — there are a few others that are somewhat different. Think outside of the box with these quirky picks:

Private room in a boat : What screams Mykonos more than sleeping with the sound of the waves — on a boat! This Greek-built sailboat is one of the most unique ways to fall asleep on the island, at $223 a night for the entire boat!
Service apartment by the beach : A traditional Cycladic apartment that is a mere 100 meters away from the beach. $80 a night for this beaut!
The North Windmill : Dream of staying in a traditional windmill on the island of Mykonos? Dream no more. For $127 a night, this rad little spot can be all yours!

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ESTIMATED EXPENSE: $0 – $10 per day

The main mode of transport in Mykonos is by local bus. The bus network is both efficient and cheap, and services most of the island.

While it’s possible to rent a car in Mykonos, it is usually not recommended. They’re super expensive and, to be honest, not really necessary. If that’s not enough to put you off, parking is a nightmare, fuel is expensive, and the streets can be difficult to navigate. Besides, who wants added stress on a relaxing holiday? Not this guy!

Other great modes of transport are bicycles and scooters. Beware the streets, though, as they can be dangerous — they’re narrow and bumpy, a fear factor for even the most experienced rider.

Taxis, like car rentals, are expensive and rarely used. However, they can be a good way to get from the airport to your accommodation.

Train Travel in Mykonos

Train travel in Mykonos is non-existent. That’s right, there are no trains in Mykonos as well as in any of the other islands in Greece. Most of the islands are too small for a train network but they are also super mountainous, making them both too geographically and topographically complex for a train network. Luckily, the buses save the day!

Bus Travel in Mykonos

As I mentioned before, the bus network in Mykonos is extensive, efficient, and affordable. They extend throughout the beautiful island and seamlessly connect the beaches, towns, and other attractions.

You can buy tickets at kiosks and stands in the streets and at the local tourist shops — happily, they only cost a few dollars! But always remember to get your ticket stamped, otherwise, you may get a hefty fine from a stern Greek man.

Renting a Scooter or Bicycle in Mykonos

Bike and scooter rental is another way to get around the island — on your own time. You can really get to experience the “laissez-faire” atmosphere that the island is so known for.

Bike rental is easy and can be done at many of the tourist shops in the town.

Scooters and mopeds, on the other hand, which are available to rent at several shops in Mykonos town (referred to as Chora by the locals), can be a bit dangerous. Other road users tend to zip around the narrow streets, and it’s common to turn a corner and see a car or bus heading straight for you!

The roads are also not very forgiving and their narrow and bumpy nature can be scary for inexperienced persons. But give it a shot and see!

ESTIMATED EXPENSE: $40 – $500 per day

How expensive is Mykonos when it comes to food? Sadly, it comes with a bit of a price tag. Well, at least compared to the neighboring islands of Naxos, Milos, and Tinos it is. Restaurants and shops tend to charge a premium on the island because, well, they can. Prices have also been compared to those in London, which is not ideal for your island getaway.

The beaches are one of the top attractions in Mykonos, and there are many great restaurants, beach bars, and beach clubs. But if you’re thinking of dining there, you can expect to pay upwards of $100 for a meal — it’s daylight robbery! You will find that some of the more popular restaurants in town also charge exorbitant prices for their cuisine, which frankly, isn’t anything spectacular.

I’m much more about the local cuisine — it’s usually cheaper and more delicious. Find me at a street vendor or a back-street restaurant any day of the week.

Some of the most popular items you’ll find in Mykonos are:

Gyros: A wrapped pita bread filled with a combination of fresh ingredients (such as tomato, onion, and tzatziki) and roasted rotisserie meat (usually pork or chicken).
Melopita: A type of honey cheesecake, mostra is a sweet cake that champions honey and ricotta as its two main ingredients.
Moussaka: A casserole-type dish made with a combination of eggplant and ground meat, layered similarly to lasagna, and cooked in a tomato-based sauce.
Mostra: A traditional appetizer, mostra is made with rusk, kopanisti (a salty type of cheese), tomato, olive oil, oregano, and sometimes capers and olives.
Louza: Greek-style prosciutto — shaved pork loin that’s baked in a combination of spices, wine, salt, and cloves.

The best way to keep your food costs down in Mykonos is to be a deal hunter. Look for those specials, especially around the early afternoon. A two-for-one deal is always a winner, if you can find it. And never rule out a good old happy hour.

If you have an apartment, you can always buy local ingredients and cook at home. Reducing how much you eat out will help to keep your costs down. The local ingredients are wonderful and mouth-watering so you don’t need to do much to keep your food simple and fresh — the Mediterranean way.

Where to Eat Cheaply in Mykonos

My personal favorites are some of the most delicious items in Mediterranean cuisine that money can buy. I’m talking fresh salads with delicious sun-ripened tomatoes, lots of olive oil, moussaka, and, of course, gyros.

You can probably score yourself a gyros for less than $10 — and you can bet it’s going to be delicious! If you can find hole-in-the-wall restaurants and less commercialized establishments, you’ll be able to find yourself a cheap meal.

Here are some places I’ve picked to help you find cheaper cuisine:

Supermarkets: Flora and Carrefour are great for picking up the basic groceries; a basket of the essentials will vary in price depending on what’s for dinner.
Pita Wrap & Pizza : Grab yourself a delicious souvlaki or pizza here, but be sure to also try the best traditional pita wrap in the Aegean. A lamb pita-wrap will cost you $4.5.
Cantina: A must-try for their signature Greek souvlaki! They also serve kebabs, sandwiches, and traditional meat portions. A tasty kebab will cost you around $9.5.
Local BBQ & Souvlaki : Best BBQ on the island? I’ll let you decide. A kontosouvli (large pork souvlaki) will cost just over $13.

ESTIMATED EXPENSE: $3 – $100 per day

Mykonos is expensive, and the costs of alcoholic beverages and partying are no different. You can drink and dance and paint the town red — but be prepared to spend a pretty penny while doing so.

Some of the most popular drinks that you’ll find in Mykonos are:

Cocktails: Thes e will cost anywhere between $16 and $27 a pop.
Beer: Beers in a bar will set you back between $7.5 and $9.5. Supermarkets are about $3 – $5.
Greek wines: Sample the local juice! Wines will cost you about $12 for a house wine.
Ouzo: The traditional anise-flavored drink will cost about $8 in a restaurant.

However, it is also possible to save some bucks on drinks if you’re smart about it. If you rent a house or villa with some mates, you’ll want to use it as a base. Here, you can cook dinner and have drinks before heading out to party. It’s a fun bonding experience, and you’ll save some bucks too!

Another way to save on alcohol costs is to find local bars and restaurants — the chances are their booze will be cheaper. Always be on the lookout for deals too. Two-for-one drinks specials and happy hour will be your new best friend!

ESTIMATED EXPENSE: $0 – $150 per day

Mykonos has a lot to offer in terms of things to do and see. Some of them cost money, some of them don’t — it all depends on the activity at hand. The beaches, hiking, and exploring the old town on foot don’t cost a thing. Other activities such as guided tours of the island, scuba diving, farm barbeques, and a Delos tour will cost you a pretty penny.

You also need to factor in what you want from your holiday. If you want to lie on the beach all day, read your book, and work on your tan, then you’re not going to spend much on activities. But if you want to explore and keep busy with tours and activities, then you’re in for some serious spending.

There are still a few ways to save money on attractions, however:

Book online: You can save cash by booking things in advance, especially tours. They tend to be quite pricey last minute, and you can often get decent deals online.
Explore the old town on foot: Keep fit and save money, it’s a win-win situation!

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Now, because this is traveling, there are always going to be unforeseen circumstances and expenses. It happens. You don’t have to fear it or cry about it. All you need to do is identify the issue and then set out to solve the problem.

These unexpected expenses can take the shape of gifts, souvenirs, books, and other items from local shops and attractions. Let’s also not forget about the dreaded overweight-luggage fees. Those are the worst and always catch you off-guard at the airport.

I always recommend setting aside a bit of extra cash for when these situations unfold unexpectedly. Maybe draw a bit of extra local currency or have some dollars stashed away — you never know when you might need it. You could try having a spare bank card tucked away somewhere safe with some cash on it.

A decent emergency fund would encompass about 10% of your total travel budget. After all, if everything goes to plan and you don’t use it, you can treat yourself to a fancy dinner on your last night in town!

Tipping in Mykonos

Greece, as a whole, doesn’t have a big tipping culture, and Mykonos is no different. Tips are not expected and, overall, aren’t compulsory. Although, there is a difference between compulsory tips and polite tips. Staff often work long hours for minimal wages, so a little tip is always welcome! A tip at a nice restaurant could be anywhere between 10% and 15% of the total bill.

Get Travel Insurance for Mykonos

Travel insurance — a topic of much debate. Well, not for me, at least. I feel that travel insurance is a no-brainer, and every traveler should have some form of protection when they travel. Mykonos is no different — sort out your insurance before you head out. You won’t regret it. Things happen quickly so what’s a bit of extra cash to cover yourself? Heymondo, SafetyWing, and Passport Card are all affordable and comprehensive insurance options. Don’t think, just do!

ALWAYS sort out your backpacker insurance before your trip. There’s plenty to choose from in that department, but a good place to start is Safety Wing .

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Who doesn’t like saving money? I certainly do, and I’m sure you do too! There are a couple of easy ways to avoid the usual traps and save some cash in Mykonos. I’ve got some tried and tested methods to save money in Mykonos that many would like to keep a secret. Try the following and save some of your hard-earned cash:

The beaches and the old town are free to explore: Check out attractions like the Windmills, the Armenistis Lighthouse, Little Venice, and the local churches. Also, don’t go renting an umbrella and a lounger at the beach — just carry a towel and a hat.
Have a water bottle : Don’t waste money on plastic bottled water; carry your own and refill it in the fountains and the tap. If you’re worried about potable water, get a filtered bottle, like the GRAYL, which filters out 99% of viruses and bacteria.
Travel during the shoulder seasons: This is a great time to head to Greece in general — it’s a bit quieter, the prices aren’t hiked, and the weather is good.
Book flights in advance: This is a great way to score a deal on getting to this exquisite Greek island, as you’ll have more cash once you’re there!
Earn money while you travel: Teaching English while traveling is a great way to make ends meet! If you find a sweet gig, you may even end up living in Mykonos.
Book accommodation with mates: Get a big house and split the costs with your nearest and dearest ones. It will be a party in itself, and you can cook, eat, and drink for way cheaper.
Go hiking: Hiking is another free activity to do in Mykonos. Besides, it’s a great way to get hot and sweaty for that satisfying cool-off afterwards.
Become a volunteer with Worldpackers : Give back to the local community and, in exchange, you’re room and board will often be covered. It’s not always free, but it’s still a cheap way to travel in Mykonos.

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Now that we’ve completed this guide, the big question still remains: Is Mykonos expensive?

I guess that all depends on how you approach your holiday. If you stay in expensive hotels, eat at expensive restaurants, and party at expensive clubs, then your holiday is going to be pricey.

While the common perception is that Mykonos is largely expensive, I believe that it doesn’t have to be. I’ve given you enough tips here to save money at local restaurants and on free activities. It’s up to you what you make of it.

Overall, I think it’s fair to say that a good average daily budget for Mykonos is $100, but you could probably get away with about $75 a day if you’re really frugal!

All you need to do now is book that flight and start packing your bags for the beautiful Greek island that is Mykonos — you won’t be disappointed!

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