So, how much money do you need for Mykonos trip? Do you want to experience the lively atmosphere of The Island of the Winds but are clueless about how much this might cost you? Don’t give up on the dream of booking a Mykonos villa for rent and coming here to party and sunbathe on sandy beaches. You can vacation here for 60 or 3,000 euros per day. It’s up to you to choose. Let’s dive into how much this adventure can cost you.

Let’s Start With Travel Costs – Plane and Ferry Tickets

The first step is to determine how you will travel to the destination and what mode of transportation would suit you the best. The prices for direct flights usually range from 50€ to 300€. You can check with airlines such as Olympic Air and Aegean Airlines and research whether they have some deals and promotions for cheaper flight tickets.

If you’re flying to Athens first, you can either catch another flight or a ferry from Piraeus port to get to the island. The ferry tickets can be expensive, and they range from 30 to 80€ depending on the type and speed of the ferry as well as the time of the year.

The alternative is to travel by car, but then you need to calculate how much fuel you will need depending on the route you have to take. Of course, traveling by car means you need to board a ferry at the Piraeus port.

Man looking at a laptop

There’s always a way to find affordable bus or plane tickets

Next, Determine the Accommodation Cost – Where Would You Like to Stay During Your Visit?

Any type of accommodation you can imagine is available on the island. The prices are higher during the peak season. You need to decide whether you will be renting one of the private villas in Mykonos or you’d rather stay in a hotel or hostel.

As a general guide, budget accommodations such as hostels and guesthouses can cost anywhere from 20-50€ per night. A mid-range hotel and an apartment typically range from 70-150€ per night, while luxury villas in Mykonos can cost upwards of 100€ per night or more depending on different factors.

If You Choose Mykonos for Celebrating a Special Occasion, We Recommend Choosing a Mykonos Villa Rental – It Costs More, but It’s Worth It

If you want to visit this destination to organize an important event such as a wedding or birthday party, then you need to avoid a hotel and think about renting one of the Mykonos luxury villas that can accommodate many people. Mykonos villas for rental that have enough space for 20 or 30 people usually cost approximately 10,000€.

You can find Mykonos villas for rent that cost 13,000€ per day and 7,000€ per day. Contact the Mykonos concierge and inquire about what type of luxury villas in Mykonos would be appropriate for your special event.

A luxury Mykonos villa rental

The best Greek villas in Mykonos are designed in the traditional architectural style

How Much Money Will You Need for Food During Your Trip to Greece?

You are going to spend a lot of money in Greece on food since this is a culinary heaven, and you will have ample opportunity to try traditional Greek dishes as well as international delicacies. We recommend leaving a large portion of your budget for food.

On average, a meal at a restaurant can be between 15€ and 20€ per person. In case you choose a pricier restaurant, you might end up paying approximately 30€ per person. For a fine dining experience, one can expect to pay anywhere from 80€ and higher.

If you choose to eat street food such as gyros and souvlaki, you can spend 10 to 15€. At bakeries, you can pay approximately 5€ for a hearty Greek breakfast.

Dining on a Low Budget in Mykonos, Greece – How to Find Great Places to Eat That Don’t Cost a Lot

Look for local tavernas and small family-owned Greek restaurants instead of high-end places. Explore the side streets and back alleys away from the main touristy areas, as the prices tend to be lower.

Check online for reviews of affordable restaurants and what can be ordered for a lower price from other travelers. Some restaurants might add special deals and discounts during off-peak seasons or certain times of the day.

Souvlaki with french fries

Keep in mind that prices can vary greatly depending on the location

Are Activities and Entertainment Expensive? Here’s Our Conclusion

The last step is to determine how much you will need for activities such as sightseeing, shopping, watersports, and parties. This island is all about entertainment and memorable parties, so not leaving enough time or money for this aspect of the vacation is very wrong.

At some clubs and bars, you won’t have to pay for entry; you will spend about 15 to 20€ on a drink. The beer is around 20€ while cocktails start at 12€. If you want to go to Cavo Paradiso, you will be charged an entrance fee of about 25€.

The cost for watersports like jet skiing, parasailing, and paddleboarding range from €30 to €100 depending on the activity and duration. Boat tours to nearby islands and beaches can range from €50 to €250 per person depending on the tour duration, the size of the group, and the type of boat.

People at a party

Check the prices of drinks and whether there is a price for entry at different clubs

Finally, How Much Money Do You Need for Mykonos Trip? Create a Budget and Book Your Accommodation in Advance

Well, how much money do you need for a trip to Mykonos? Everything doesn’t need to be expensive. The average costs don’t particularly help with creating a personal budget. You need to first choose your mode of transportation and accommodation. Once you get this out of the way, you can determine what you need to spend, The Ace VIP can help you with your accommodation.

Choose one of the luxury Mykonos villas from our catalog and book it in advance. You can contact us today and choose a luxury Mykonos villa that suits you. During your stay, a concierge in Mykonos can help you go to places you can afford. Also, we can make your trip effortless with our Mykonos yacht rental services, jet rentals, and car rental services. Contact us today.