Location Factors

Cyprus

The location factor for Cyprus is 1.02, based on national living costs.

This means a €61,120 per year salary would roughly be compareable to €60,000 in Germany.
If you would have to pay full taxes in Germany, this amount would rise to €65,647.
It would be €40,555 based on market rates, €43,559 with taxes paid in Germany.

You can also start a calculation based on Cyprus.

Name Cyprus
Chosen Factor 1.02 1.09*
Market Rates 0.68 0.73*
Consumer Price Index 0.95 1.02*
Rent Index* 0.60 0.64*
Consumer Price Plus Rent Index 0.86 0.92*
Groceries Index 1.02 1.09*
Restaurant Price Index* 1.04 1.11*
Local Purchasing Power Index* 0.64 0.68*
Buffer Location Bracket* C or B
Currency Euro (EUR)
Income Tax* 0% to 35%
* Not used for index.* If taxes paid in Germany instead.
Market rates based on National Sources. Living costs based on Numbeo.

Locations in Cyprus

City Factor Based On
Limassol 1.05 1.13* Living Costs
Nicosia 1.09 1.17* Living Costs
Paphos 1.03 1.10* Living Costs
create calculation* If taxes paid in Germany instead.