Mykonos is one of the most expensive destinations in the Mediterranean, and it pays to plan ahead to avoid sticker shock. In comfort mode, count on about €140 per person per day: that's a realistic figure for a decent three-star hotel, lunch at a local taverna and a couple of evening drinks. On top of that, you'll need to add transport and any beach-club entries. In peak season (July and August), that same day easily passes €200 once you've claimed a sun lounger at Scorpios or Nammos or booked a sea-view room.
Line items in Mykonos look like this. Accommodation typically eats half the budget. A bed in a hostel or simple guesthouse runs €50–€80 a night out of season, while a design boutique near the Chora can easily reach €200–€400 a night in July. On the food side, a local taverna serves mains for €12–€18, while a beach restaurant with DJ ambience easily passes €60 per head. Transport is more reasonable: the KTEL public bus reaches the main beaches for under €2, while a quad rents for €30–€50 a day and a small car for €60–€90 a day in peak summer. Budget another €20–€30 per person for the Delos boat trip plus the site's entry fee.
For a budget-friendly visit, May and September are the key months: Mykonos accommodation can be 30–40% cheaper than in August, restaurants offer more reasonable prices and the beaches remain magnificent. Basing yourself in the inland village of Ano Mera also offers excellent value compared to the Chora. In luxury mode, the sky really is the limit — private villas with infinity pools, dinners on Little Venice and bottle service in the clubs can easily push the daily spend past €500 a day. Mykonos has no ceiling for travellers who want to fly first class through their holiday.
Read also
- Santorini — The caldera and the sunsets of Oia.
- The Cyclades — The white-and-blue archipelago of the Aegean.
- Greece — The full guide: antiquity and the Greek islands.