How Expensive Is a Vacation Mykonos?

By Michael Ferguson

If you’re planning a vacation to Mykonos, you may be wondering how expensive it will be. The answer is: it depends! Mykonos can be a luxurious and expensive destination, but there are also ways to save money and make the trip more affordable.

Accommodation Costs

One of the biggest expenses when traveling to Mykonos is accommodation. During high season (June-August), prices skyrocket and it can be difficult to find affordable options. However, if you travel during shoulder season (May or September), prices can drop significantly.

  • Budget – Hostels and budget hotels start around $30-$50 per night.
  • Moderate – Mid-range hotels and apartments range from $100-$200 per night.
  • Luxury – High-end hotels and villas start at $500 per night.

Food and Drink Costs

Food and drink costs in Mykonos can also add up quickly. Restaurants in tourist areas tend to be more expensive than those off the beaten path. To save money, consider eating at local tavernas or buying food from Supermarkets.

  • Budget – Street food or local tavernas offer meals for around $10-$20 per person.
  • Moderate – Mid-range restaurants range from $20-$50 per person.
  • Luxury – High-end restaurants can cost upwards of $100 per person.

Transportation Costs

Getting around Mykonos can also be costly. Taxis are expensive, so consider renting a car or scooter if you plan on exploring the island.

  • Budget – Local buses cost around $1.50-$3 per trip.
  • Moderate – Car rentals start at $30-$50 per day.
  • Luxury – Private car transfers can cost upwards of $100 each way.

Activities and Entertainment Costs

There are plenty of things to do in Mykonos, but many activities come with a price tag. To save money, consider spending time on the beaches, hiking, or visiting local museums.

  • Budget – Beaches are free to access and many museums have low admission fees (around $5-$10).
  • Moderate – Boat tours and water sports range from $30-$100 per person.
  • Luxury – Private yacht charters can cost thousands of dollars per day.

Overall Cost

The overall cost of a vacation in Mykonos depends on your budget and travel style. A budget traveler can expect to spend around $50-$100 per day, while a luxury traveler can easily spend upwards of $500 per day.

To save money, consider traveling during shoulder season, eating at local tavernas, and using public transportation. With proper planning and budgeting, Mykonos can be an affordable yet luxurious vacation destination.