The Cost of Living Index is 52.78 (NYC = 100), indicating moderate costs. Groceries (51.25) and restaurant prices (57.63) are also moderately priced, while rent (12.68) is significantly lower.

The Property Price to Income Ratio is 11.86 years, suggesting a moderately affordable housing market. The Rent Index of 12.68 further indicates that rental costs are relatively low.

With a Purchasing Power Index of 70.93 (NYC = 100), the average income provides below-average buying power compared to New York City.

Greece operates a progressive income tax system (9-44% for 2026), with recent reforms reducing rates for families and youth, and a new 39% bracket for incomes between €40,000-€60,000. The standard VAT rate is 24%, with reduced rates of 13% and 6%. Annual property tax (ENFIA) applies, with some reductions for insured properties, and capital gains tax on real estate is suspended until end of 2026. Social security contributions are mandatory (approx. 35.16% combined employer/employee).

Greece was ranked as the most complex country for business in Europe and globally in 2024, particularly in accounting and taxation. However, its startup ecosystem is rapidly maturing, ranking 47th globally in 2025, with significant investment and government support for innovation.

Greece has a comprehensive social security system (EFKA) providing universal healthcare, pensions, and unemployment benefits. While public healthcare offers extensive coverage, it faces underfunding and staff shortages. The pension system is statutory and earnings-related, with high expenditure, and new initiatives aim to support long-term unemployed.

Deposits in Greece are protected up to €100,000 (approximately USD 117,000) per depositor per bank under the Hellenic Deposit and Investment Guarantee Fund (TEKE), in line with EU standards. The banking sector has shown significant recovery and stability, with drastically reduced non-performing loans and strong capital positions, and adheres to robust EU and international financial regulations.