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Mykonos, Greece 🇬🇷
#737 ,

Nomad Score: 53%

Essentials

🏙️ City Mykonos is a popular island in Greece known for its vibrant nightlife and stunning beaches, attracting millions of tourists each year.
👥 Population Approx. 10,000 residents, but this swells significantly during the tourist season.
💻 Internet Speed Average internet speed is around 50 Mbps, with some cafes and coworking spaces offering higher speeds.
💸 Currency & Banking Euro (EUR) - 1 EUR ≈ 1.07 USD.
🚰 Tap Water Not drinkable; bottled water is recommended.
🔌 Power 230V, 50Hz, 🔌 Type C sockets.
📶 SIM Card Available from providers like Cosmote, Vodafone, and Wind for mobile data.
💳 Banking for Expats Major banks include Eurobank, Alpha Bank, and National Bank of Greece; services like Revolut are also popular.
🛌 Accommodation Options range from luxury hotels to budget hostels and Airbnb rentals.
💳 Cashless Friendly Yes, credit and debit cards are widely accepted, but having cash on hand is advisable for smaller vendors.
🏠 Short Term Rentals Platforms like Airbnb and Booking.com are popular for short-term stays.
🛏️ Budget Accommodation Hostel Mikonos and Mycocoon Hostel are good options for budget travelers.
🏙️ Best Area to Stay for Tourists Mykonos Town (Chora) is the best area for tourists due to its proximity to major attractions.
🏙️ Best Area to Stay for Digital Nomads Ornos and Agios Stefanos are recommended for their quieter atmosphere and good internet connectivity.

Working and Networking

🏢 Best Coworking Space Coworking Mykonos offers great facilities for remote workers.
Best Cafe for Work Kohylia Cafe is a popular choice among digital nomads for its good coffee and reliable Wi-Fi.
💼 Networking Events Look out for events organized by local expat communities on platforms like Meetup.
🥂 Social Events for Expats Check Facebook groups like 'Mykonos Expats' for community gatherings and events.

Transportation

🚕 Best Taxi/Ride App Mykonos Taxi app is commonly used, but taxi services are limited.
🚲 Bike/Scooter Rental Several rental shops in Mykonos Town offer scooters and bicycles for exploring the island.
🏖️ Best Beach Nearby Ornos Beach is one of the closest beaches, just a short ride from Mykonos Town.
✈️ Top Regional Airline Sky Express operates flights between Mykonos and other Greek islands.
✈️ Top International Airline Aegean Airlines provides numerous flights to and from Mykonos.
🛣️ Highway Access There are mainly local roads; major highways are limited on the island.
🚉 Main Train/Transit Hub Public transport is mainly bus-based, with frequent services to popular destinations.
🚍 Public Transport Passes Bus tickets are sold on board and are quite affordable.
✈️ Regional Travel Ferries connect Mykonos to neighboring islands like Delos and Tinos.

Health and Wellness

🏥 Best Hospital Mykonos Medical Center provides basic healthcare services.
🧘 Yoga & Wellness Centers The Mykonos Wellness Center offers yoga and wellness retreats.
🏋️ Gyms & Fitness Centers Fit4Life Gym provides good facilities for fitness enthusiasts.
🧺 Laundry Services Laundromats are available throughout Mykonos Town.

Food and Drink

📱 Best Food Delivery App e-food.gr is one of the popular food delivery services available.
🍽️ Best Local Dish to Try Try the local specialty 'Kleftiko,' slow-cooked lamb with herbs.
🍱 Vegan/Vegetarian Options Avocado Restaurant serves a range of plant-based dishes.
🍫 Best Dessert Spots Gelato Mykonos is highly recommended for sweet treats.
🛒 Affordable Shopping Spots Mykonos Town has several grocery stores for budget food supplies.
🛒 E-commerce/Online Store Platforms like Skroutz and Public.gr are popular for online shopping in Greece.
🛒 Grocery Delivery Mykonos grocery shops often offer delivery services; e.g., Mykonos Livestock Market.
🍸 Bar/Nightlife Area Little Venice is a vibrant area for nightlife and bars.
🍻 Local Brewery Mykonos Brewing Company produces local craft beers.
🍷 Wine Bars Kivotos Wine Bar is a great place to enjoy local wines.
🍲 Street Food Stalls Try local street food like Souvlaki from stalls near the town.
🍕 Popular International Cuisine M-eating offers a diverse menu including international options.

Culture and Attractions

🎟️ Must-See Landmarks The iconic windmills of Mykonos are a must-visit landmark.
🏛️ Museums & Art Venues The Aegean Maritime Museum showcases Mykonos' rich maritime history.
🏰 Historical Sites Visit the archaeological site of Delos, a short boat ride from Mykonos.
🕍 Religious Sites The Panagia Paraportiani is a famous church and a beautiful architectural site.
🎉 Annual Events Mykonos’ annual Food Festival is held in September and features local culinary delights.
🎨 Cultural Districts Explore the narrow streets of Mykonos Town filled with boutiques and art galleries.
🎭 Theater Venues The Mykonos Theatre hosts various performances throughout the summer.
🛍️ Local Markets Mykonos Town has lively markets where you can find local produce and artisanal goods.
🎼 Music Scene Cavo Paradiso hosts some of the best music events and DJs during the summer.
🎨 Street Art Street art can be found in various corners of Mykonos Town, adding depth to its charm.
🧑‍🍳 Cooking Classes Learn local Greek cooking at Mykonos Cooking Classes with traditional recipes.
👩‍🎨 Art Galleries Galleries like Rarity Gallery exhibit contemporary art from local and international artists.
🕰️ Historic Buildings The Manto Mavrogenous Square is a historic site worth visiting.
🏴 Local Heritage Mykonos maintains a rich heritage through its unique architecture and local customs.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Explore the beaches of Elia and Super Paradise for picturesque views.
🏞️ National Parks Nearby The nearby island of Delos features historical ruins and natural beauty.
🚲 Cycling/Walking Paths There are scenic walking trails along the coast, such as in Agios Sostis.
🌄 Scenic Viewpoints The viewpoint at the Old Port offers stunning sunset views.
🦉 Birdwatching Locations The wetlands near Ornos Beach are good for birdwatching.
🔥 Bonfire-Friendly Spots Designated areas near beaches like Kalafatis are popular for bonfires.

Other Services and Amenities

📦 Parcel Delivery Service DHL and local courier services operate in Mykonos.
🛠️ Tech Repair Services Local shops in Mykonos Town provide tech repair services.
🏓 Table Tennis Spots Some beaches and parks have table tennis tables available.
🧑‍🏫 Language Classes Online platforms offer Greek language courses suitable for expats.
📚 Libraries & Study Spots Mykonos Town has a small public library for studying and reading.
🏘️ Community Centers Cultural centers often host community events for locals and expats.
🕹️ Gaming Lounges Some cafes provide gaming lounges for video game enthusiasts.
🎰 Casino & Gaming Halls No casinos are available; however, some nearby resorts may offer gaming services.

Business

🏢 Studio Purchase Price (City Center) Approx. €4,000 per m² (e.g., a 40 m² studio = €160,000).
🏢 Studio Purchase Price (Outside City) Approx. €3,200 per m² (e.g., a 40 m² studio = €128,000).
🏠 1-Bedroom Purchase Price (City Center) Approx. €3,800 per m² (e.g., a 60 m² apartment = €228,000).
🏠 1-Bedroom Purchase Price (Outside City) Approx. €3,000 per m² (e.g., a 60 m² apartment = €180,000).
🏡 2-Bedroom Purchase Price (City Center) Approx. €3,500 per m² (e.g., an 80 m² apartment = €280,000).
🏡 2-Bedroom Purchase Price (Outside City) Approx. €2,800 per m² (e.g., an 80 m² apartment = €224,000).
💼 Corporate Tax Currently at 22%.
💵 Dividend Withholding Tax 15% is applied to dividend distributions.
🏦 Tax System Based on worldwide income for residents.
📈 Highest Income Tax Bracket Highest personal income tax rate is 45%.
🧾 VAT The standard VAT rate is 24%.
🌐 Controlled Foreign Company (CFC) Rules Yes, strict rules regarding foreign subsidiaries exist.
🏠 Property Tax An annual property tax based on objective values exists.
🏠 Property Transaction Tax Up to 3% is applied during property purchases.
💻 Attractive Tax System for Digital Nomads Incentives for digital nomads include a special tax scheme which can result in up to 50% tax reductions.

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