How Much Does Mykonos Cost? 2026 Budget Guide | Prices & Tips
Mykonos is widely regarded as one of the most expensive destinations in the Aegean, with daily budgets reflecting its reputation for luxury and high-energy nightlife. Travelers should expect costs to range significantly, from approximately $77 / €65 per day for budget-conscious individuals to over $918 / €780 for those seeking high-end resort experiences. Unlike many other Greek islands, prices here are driven by a globally famous beach club culture where premium services command significant surcharges. Visiting during the shoulder seasons can lower costs, but peak months see basic services like sunbed rentals often exceeding the price of a night's accommodation in other regions. Overall, the island offers a unique blend of traditional Greek charm and extreme luxury that requires careful financial planning.
Is Mykonos expensive to visit?
Mykonos is an expensive luxury destination — expect daily costs to range from $77 / €65 to $918 / €780 depending on whether you are staying in a hostel or a high-end beach resort.
On This Page
Daily Budget
How much to budget per person per day in Mykonos
$77
per person /day
$335
per person /day
$918
per person /day
Trip Costs by Duration
Total estimated costs per person, excluding flights
| Trip Costs by Duration | Budget | Mid-Range | Luxury |
|---|---|---|---|
| 3-Day Trip | $230 | $1,006 | $2,754 |
| 5-Day Trip | $383 | $1,677 | $4,590 |
| 7-Day Trip | $536 | $2,348 | $6,426 |
per person — Excludes international flights
Budget Buffer
Recommended contingency for unexpected expenses
It is advisable to maintain a 15% budget buffer to cover the Climate Resilience Tax, which can add up to $12 / €10 per night at luxury resorts. This extra cushion also helps with fluctuating sunbed prices and the night surcharges on taxis which can add $5.89 / €5 to standard fares after midnight.
How Does It Compare?
See how Mykonos stacks up against other popular destinations
What Things Cost
Real prices for common tourist expenses in Mykonos
Food & Drink (3)
| Item | Price |
|---|---|
| Gyros Wrap (Sakis Grill House) Standard pork or chicken gyros. Tourist-facing shops in Chora charge ~$7.06–$11 / €6–€9. | $8.24 €7 |
| Freddo Espresso (Mykonos Town) A local favorite. Prices are higher in Little Venice where you pay for the sunset view (~$8.24–$11 / €7–€9). | $5.3 €4.5 |
| Domestic Beer (Mythos, 0.5L) Standard price in a town taverna. Beach clubs charge ~$14–$18 / €12–€15 for the same bottle. | $9.42 €8 |
Transport (4)
| Item | Price |
|---|---|
| Mykonos SeaBus (New Port to Old Port) Best way to get from the cruise port to the main town (Chora). Trip takes ~10 minutes. | $2.94 €2.5 |
| KTEL Local Bus (Town to Beaches) Single tickets to popular beaches like Paradise range from ~$2.35 / €2 to ~$2.94 / €2.5. | $2.94 €2.5 |
| Taxi (Airport to Mykonos Town) Includes standard baggage. Night surcharges (~$5.89 / €5) apply from midnight to 05:00. | $29 €25 |
| Water Taxi (Platis Gialos to Beaches) A per-ride ticket is usually ~$12 / €10. The all-day pass allows hopping between southern beaches. | $24 €20 |
Accommodation (3)
| Item | Price |
|---|---|
| Dorm Bed at Mycocoon Hostel Standard daily rate for 2026 for a centrally located dorm bed. Expect prices to double in July/August. | $28 €24 |
| Mid-Range Private Room (Maria Eleni) Basic guesthouse private room. Prices reflect low/shoulder season; peak summer rates can reach ~$141 / €120. | $26 €23 |
| Luxury Suite at Ethereum Mykonos High-end property near Psarou Beach. Price is for February 2026 (~$571 / €485). | $524 €445 |
Activities (3)
| Item | Price |
|---|---|
| Delos Archaeological Site Entrance Full price for international adults. Reduced rates for EU citizens over 65. | $24 €20 |
| Round-trip Ferry to Delos Island Ferry departs from the Old Port. This cost is separate from the site entrance fee. | $29 €25 |
| Archaeological Museum of Mykonos Small museum in Town. EU youth under 25 usually enter for free. | $4.71 €4 |
Connectivity (1)
| Item | Price |
|---|---|
| Prepaid Tourist SIM (Cosmote) Standard tourist pack includes ~15GB data. Often available as eSIM. | $18 €15 |
Food & Dining
What to eat and what it costs
Dining on the island ranges from affordable street food to exorbitant beachside dining, with a standard gyros wrap at Sakis Grill House costing around $8.24 / €7. A domestic beer at a local taverna typically costs $9.42 / €8, but prices can double or triple at exclusive venues in Little Venice where a Freddo Espresso often reaches $8.24–$11 / €7–€9 due to the premium sunset views.
Cheap Eats
Where locals eat — real places, real prices
Jimmy's Gyros
$8.24–$18 / €7–€15Lakka Plateia, Town · Local chain
A true island staple. Open late for post-party snacks; grab a pork gyro for ~$8.24 / €7.
Sakis Grill House
$7.65–$16 / €6.5–€14Town (Chora) · Street food area
Legendary for its thick tzatziki. Expect a short queue at dinner time.
Local Mykonos
$5.89–$21 / €5–€18Provincial Road · Local chain
Located slightly inland; prices are significantly lower than the waterfront (~$5.89 / €5 for gyros).
Kiki's Tavern
$29–$53 / €25–€45Agios Sostis · Street food area
No electricity or phone. Arrive by 11:30 to get a seat; the huge pork chop is ~$40 / €34.
Pepper Mykonos
$11–$28 / €9–€24Little Venice · Local chain
Gourmet souvlaki. While wraps are cheap, a full plate is ~$25 / €22 but easily shared.
Lakis Mykonos
$9.42–$24 / €8–€20Town Centre · Local chain
Excellent for grilled 'kufte' and cheaper than seaside spots.
Getting Around
Transport costs and the smartest ways to move
The most economical way to traverse the island is the KTEL local bus system, with single tickets to popular beaches costing approximately $2.94 / €2.5. For maritime transit, the Mykonos SeaBus provides a reliable $2.94 / €2.5 connection between the ports, while water taxi passes for hopping between southern beaches are priced at $24 / €20.
Accommodation Overview
Lodging prices are highly seasonal; a dorm bed at Mycocoon Hostel starts at $28 / €24, while a luxury suite at Ethereum Mykonos can cost $524 / €445 or more per night. A mid-range private room at a guesthouse like Maria Eleni offers the best value at around $26 / €23 during quieter months, though these rates frequently quadruple during the peak summer peak.
Accommodation Budget in Mykonos
Budget
Hostels, budget hotels, shared facilities
Mid-Range
3-star hotels, boutique stays, great locations
Luxury
5-star hotels, suites, premium amenities
💡 Prices vary by season. Book 2-3 months ahead for best rates.
Money-Saving Tips
Insider tricks to stretch your budget further
- 1 Use the KTEL local bus for $2.94 / €2.5 to reach major beaches like Paradise or Ornos rather than taking a taxi, which starts at a minimum of $29 / €25.
- 2 Eat at Sakis Grill House or Jimmy's Gyros in Chora, where a filling meal costs approximately $8.24 / €7 compared to $47+ / €40+ at sit-down restaurants.
- 3 Purchase water and alcoholic beverages at local supermarkets in Mykonos Town to avoid paying $18 / €15 for a single beer at a beach club.
- 4 Visit the northern beaches like Agios Sostis or Panormos, which are unorganized and free of the $47–$71 / €40–€60 sunbed rental fees common elsewhere.
- 5 Take the SeaBus for $2.94 / €2.5 when arriving at the New Port to reach the Old Port in Mykonos Town, avoiding expensive private shuttle services.
- 6 Look for 'Happy Hour' deals in Little Venice between 17:00–19:00, though be aware that sunset-view seating usually remains at full price.
- 7 Walk the coastal trail connecting Platis Gialos, Agia Anna, Paraga, and Paradise Beach to explore the coast without paying for the $24 / €20 water taxi.
- 8 Visit Kiki's Tavern at Agios Sostis early in the morning to enjoy high-quality grilled food at reasonable prices, though expect a wait since they do not take reservations.
- 9 Avoid the high cost of data roaming by picking up a Cosmote tourist SIM for $18 / €15, which typically includes 15GB of data.
- 10 If planning to visit Delos, buy your boat tickets at the Old Port for $29 / €25 and bring your own water, as prices on the archaeological site are significantly higher.
Seasonal Pricing
When prices rise and fall throughout the year
Jun, Jul, Aug
+150-300%
Nov, Dec, Jan, Feb
-60-80%
May, Sep, Oct
Mykonos essentially 'closes' in winter (Nov–Mar); many restaurants and almost all beach clubs shut down. Visit in May or late September for ~$47–$71 / €40–€60 sunbeds and manageable crowds.
Events to Watch
- ● August (Assumption Day): +50% hotel spikes
- ● XLSIOR Mykonos (late Aug): +40% transport wait times
Free Things to Do
The best experiences that cost absolutely nothing
- 1 Photographing the iconic Kato Mili Windmills overlooking the harbor.
- 2 Walking through the labyrinthine streets of Chora (Mykonos Town).
- 3 Watching the sunset from the 18th-century Armenistis Lighthouse.
- 4 Visiting the Panagia Paraportiani, the island’s most famous whitewashed church complex.
- 5 Hiking to the summit of Mount Profitis Ilias for panoramic island views.
- 6 Sunbathing and swimming at Agios Sostis Beach, which remains free and unorganized.
- 7 Exploring the ruins of the medieval Gyzi Castle near the village of Ano Mera.
- 8 Walking along the waterfront of the Old Port as the fishing boats come in.
- 9 Visiting the small, quiet beach of Kapari for a view of the sacred island of Delos.
- 10 Window shopping along the high-end Matoyianni Street.
- 11 Exploring the rural charm and central square of the inland village, Ano Mera.
- 12 Watching the sunset from the walls of the 180° Sunset Bar (though seating requires a purchase, the nearby path is free).
Worth the Splurge
Premium experiences that justify the price tag
Scorpios Sunset Ritual
The premier island experience. Minimum spend usually requires buying a bottle starting at ~$188 / €160 for spirit service.
Rhenia & Delos Shared Catamaran Cruise
Escapes the Mykonos crowds to untouched beaches. Includes a full BBQ lunch and drinks (~$100 / €85).
Front Row Sunbed at Nammos
The ultimate 'see and be seen' luxury. Expensive, but offers world-class service and celebrity sightings.
Popular Activities
Top-rated tours and experiences in Mykonos
Day Trip Costs
Popular day trips from Mykonos and what they cost
Tinos Island
$35 / €30 by ferry
Free
$88 / €75
Delos & Rhenia Islands
$100 / €85 by boat
$24 / €20
$124 / €105
Payment & Money
How to pay and what to know about money
Euro (EUR)
1 € ≈ 1.18 $
Yes
Widely accepted in Town and at beach clubs. Cash is necessary for KTEL buses (~$2.94 / €2.5) and smaller gyros shops.
Service is often included, but rounding up ~$2.35–$5.89 / €2–€5 is standard in tavernas. Beach club staff appreciate ~10% for sunbed service.
Avoid 'Euronet' ATMs (blue/yellow) which charge ~$4.71–$8.24 / €4–€7 fees. Use Alpha Bank or Piraeus Bank ATMs in Town for lower fees.
Connectivity
eSIM: $18–$24 for 15GB (opens in new tab)
Local SIM: $18 / €15 at Mykonos Town kiosks
WiFi: Excellent in cafes and hotels, but non-existent on remote beaches (Agios Sostis, Fokos).
Get a Cosmote tourist eSIM (~$18 / €15) for reliable 5G coverage across the island.
Why you can trust this guide
35+ countries • 8 years analyzing travel data
Independent developer and travel data analyst based in Prague. 35+ countries visited across Europe and Asia, 8+ years analyzing flight routes, accommodation prices, and seasonal weather patterns.
- All neighborhoods verified by walking them
- Curated locations based on walkability & safety
- Real-time availability via live partner maps
- Prices based on Booking.com & Numbeo averages
Methodology: This guide combines on-the-ground neighborhood research, current hotel pricing data, and real traveler feedback to provide honest, actionable accommodation recommendations for Mykonos.
Updated: February 16, 2026
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