You deserve to have the most amazing summer vacation, and that can only mean one thing – the destination needs to be one of the two most popular Greek islands. However, you don’t have to spend a fortune – just do some research on which is cheaper, Mykonos or Santorini? Could Mykonos villas for rental be cheaper than Santorini caves? Let’s find out.

Which Is Cheaper – A Day Spent on Mykonos Beaches vs. a Day Exploring the Island of Santorini? Here Are All the Information

Greek islands in the Cycladic group are known for their gorgeous views and beaches, the amazing Greek food, and their classic architecture – whitewashed houses with blue accents and domed roofs. And no one does it better than Mykonos and Santorini, they are the two most popular islands among the Cyclades, and with good reason.

The Island of the Winds and Thera attract millions of tourists to Greece every year to visit and enjoy the white and blue ambiance. Both islands are gorgeous, and you can’t go wrong with either of them. They both have many advantages, but they’re not exactly known for being affordable.

While they are the most popular islands in Greece, they are also the most expensive to visit out of all Greek islands combined, which is why locals tend to avoid them. However, there is a slight cost difference between the two, and as it turns out, here is the winner: Mykonos is the more affordable island to visit.

Windmills on Mykonos

The Island of the Winds is more affordable to visit, and it has better beaches

While Mykonos Is Known for Being Crazy Expensive, It Also Offers Some More Affordable Options

The Island of the Winds is known for being expensive and luxurious. It’s a dream summer destination, and the price is more than justified by the gorgeous views of the sunset and the romantic atmosphere. The island is flooded with shops and places where you can spend your hard-earned money.

It’s also known as a party island, where you can spend some memorable nights in the hottest clubs while also spending a substantial amount of money. In conclusion, there are many ways you can burn through your money on The Island of the Winds, from the most expensive luxury shops in the world to the best restaurants where only your Mykonos concierge can get you a reservation.

However, if you wanted to, you could easily pull off Mykonos on a budget, much easier than Santorini. That’s because there are many affordable options on the island that Santorini simply doesn’t have. You don’t have to spend a fortune.

The Things on Your Travel Itinerary Have the Biggest Influence on the Total Cost of Your Trip

Since both islands are quite pricey compared to other places in Greece, the difference in the cost doesn’t come from the vast difference in the price points, it comes from the difference in the activities you are most likely to enjoy during your trip.

Santorini is known for its gorgeous architecture, great restaurants, beautiful wineries, and other tours and excursions. It’s not a place where you’re likely to just sit and chill on the beach all day long. It’s a place where you can go see a museum or two and some historical sites in between expensive but delicious meals.

Mykonos, on the other hand, is much more exciting, and here is why: there are many fun things to do, including water sports, you can go on a hiking tour, or you could simply spend your day tanning on a beach. You can organize your travel itinerary accordingly, so you don’t have to spend a fortune, whereas you don’t have as many choices if you go to Santorini.

View of Santorini

Santorini doesn’t offer as many affordable options for tourists on a budget

What Are the Daily Costs On Both Islands Like?

Even though hotels in Santorini are usually slightly more expensive, the prices of everything else are quite similar. So, when you compare the two places, how much money will you actually spend on each of them? Is it a big enough difference to help you decide where to go on vacation?

On average, a person spends around 131 euros a day in Santorini and 119 euros a day on The Island of the Winds. So, when compared side by side, there is quite a difference in the cost between the two places. These numbers represent the total cost of accommodation, food, drinks, and any other expenses an average person makes during the day on vacation.

How Much Does Accommodation Per Day Cost in Mykonos vs. Santorini?

When going on a vacation, the biggest expense besides airfare is accommodation. It takes up around 60% of your holiday budget, so it’s only logical to try to find the best deal possible, and that requires some research on your part.

You should know that the average cost of accommodation in Santorini is 66 euros per day, while Mykonos is cheaper at 59 euros a day per person. So, you’ll probably be better off with a luxury Mykonos villa rental than an expensive hotel in Oia since you can rent Mykonos villas at reasonable prices.

What Can You Do to Cut Corners and Save Some Money During Your Stay?

It all comes down to how you will plan your travel, but there are also some budgeting hacks that could help you out. For starters, you don’t have to eat in fancy restaurants every day. You can go get gyros for a few euros, and it will most likely be the best meal you’ll eat on vacation. Another thing that will save you a lot of money is bringing your own food and drinks to the beach instead of overpaying in the beach bars.

Besides bringing food to the beach, another great hack is to use public transport or rent a car instead of constantly paying for taxis. It will save you a lot of money in the long run if you’re someone that likes to see every hidden gem on the island. And remember, you can always take a high-speed ferry and visit both islands if you have enough time.

Coins in a jar

There are many ways you can save money while on vacation

Now That You Know Which Is Cheaper, Mykonos or Santorini, It’s Time to Book One of the Luxury Villas in Mykonos Close to the Beach

No matter how big or small your budget is, there is always enough money for a bit of luxury, so look into the private villas on Mykonos. They’re a good investment as they will make your vacation feel like a movie. Contact The Ace VIP and get one of the Mykonos luxury villas for your stay, you deserve to treat yourself to some luxury.

And if there happens to be some money left over in your budget (and even if it doesn’t), you can always splurge on one of the most amazing experiences money can buy – cruising along the Aegean Sea on a Mykonos yacht rental. You will get to see Greece in a whole new light, and just think about all the money you will be saving on all the taxi rides.