Updated 25 October 2026
Quick answer: In Greece in 2026, the minimum wage is €1,073/month (about $1,201 a month full time); an average earner keeps 74% of their pay after income tax and social security; mortgage rates are about 3.3%; household electricity costs €0.240 per kWh; petrol is €2.19/L, up 26.1% since February. The table below puts 9 everyday money measures for Greece side by side and ranks each one against the other countries in our data, using official figures from national statistics offices, central banks, the OECD and Eurostat.
Against the other countries in our data, Greece stands out here: its state pension (as a share of pay), 88.5% of net pay, is the 6th highest of 50 countries; its petrol price, €2.19/L (+26.1% since Feb), is the 5th highest of 29 countries; its state pension age, 67, is the 7th highest of 39 countries. It sits nearer the middle for mortgage rate, tax on an average wage, minimum wage and household electricity price.
Greece at a Glance
| Measure | Greece | Rank |
|---|---|---|
| Minimum wage | €1,073/month (≈ $1,201/month) | 19th highest of 38 |
| Tax on an average wage | 26.1% (keeps 74%) | 16th highest of 38 |
| Mortgage rate | 3.3% (new home loans, August 2026) | 11th lowest of 31 |
| Electricity (household) | €0.240/kWh (≈ $0.27) | 17th lowest of 33 |
| Petrol price | €2.19/L (+26.1% since Feb) | 5th highest of 29 |
| State pension age | 67 | 7th highest of 39 |
| Pension (share of pay) | 88.5% of net pay | 6th highest of 50 |
| Bank deposit protection | €100,000 per person, per bank | — |
| Retirement visa income | About €3,500 a month | — |
Rank compares Greece with the other countries in each dataset; "highest" means the largest value. "—" means the measure isn't ranked.
Minimum Wage in Greece (2026)
The legal minimum wage in Greece is €1,073/month. For a month of full-time work that is about $1,201 at current exchange rates, 19th highest of 38 countries in our comparison.
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Income Tax and Take-Home Pay in Greece
A single worker on the average wage in Greece (about $51,000 at purchasing-power parity) pays 26.1% of gross pay in income tax and employee social security, so they keep 74%. That is 16th highest of 38 countries, against an OECD average of 25.1%.
Income tax and employee social security take 26.1% of pay at the average wage, 21.1% at two-thirds of it and 33.0% at 1.67 times it. Including employer contributions, the total tax wedge is 39.3% of labour costs.
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Mortgage Rates in Greece (2026)
The typical mortgage rate in Greece is 3.3% (new home loans, August 2026), 11th lowest of 31 countries; the euro area average is 3.6%.
Down 0.15 points since February 2026 (3.45%). Monthly payment per €100,000 over 25 years: €490.
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Electricity Prices in Greece
Households in Greece pay about €0.240 per kWh of electricity (about $0.27), 17th cheapest of 33 countries; the EU average is €0.283. Change: +0.8% vs late 2025.
Household gas: €0.077 per kWh. Typical household using 2,500–5,000 kWh a year, all taxes included, January–June 2026.
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Petrol Prices in Greece Since the Iran War
Petrol in Greece costs €2.19/L (week of 19 October 2026), up 26.1% from €1.74/L in the week before the Iran war began. It peaked at €2.21/L (28 Sep). At about $2.45 a litre it is 5th most expensive of 29 countries, and the rise is 14th largest of 29 countries.
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Retirement Age in Greece
The state pension age in Greece is 67 for people reaching it in 2026; the earliest you can claim is 62 with 40 years. Future change: Linked to life expectancy.
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How Much the State Pension Pays in Greece
A full-career average earner in Greece can expect a mandatory pension worth about 88.5% of their previous net pay, 6th most generous of 50 countries (OECD average 63.2%). Low earner (half the average wage): 99%. High earner (twice the average): 80%.
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How Much of Your Money Is Protected in Greece
Bank deposits in Greece are protected up to €100,000 per depositor, per bank (about $111,900), the limit set by EU law for every member state. Harmonised by EU law; local-currency equivalent outside the euro. Money in payment apps and e-money wallets is usually not covered.
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Retiring to Greece From Abroad
Foreign retirees usually move to Greece on the Financially independent person visa, which requires About €3,500 a month (about $3,920 a month). Prices are about 60% of US levels, so $2,000 buys roughly what $3,310 would in the US. Optional 7% flat tax on foreign income, including pensions, for up to 15 years for new residents.
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Greece vs Italy, Portugal and Spain
The same measures for Greece and its nearest neighbours in our data, side by side.
| Measure | Greece | Italy | Portugal | Spain |
|---|---|---|---|---|
| Minimum wage | €1,073/month (≈ $1,201/month) | None by law (collective agreements) | €1,073/month (≈ $1,201/month) | €1,425/month (≈ $1,595/month) |
| Tax on an average wage | 26.1% (keeps 74%) | 28.6% (keeps 71%) | 24.9% (keeps 75%) | 23.5% (keeps 76%) |
| Mortgage rate | 3.3% (new home loans, August 2026) | 3.58% (new home loans, August 2026) | 3.03% (new home loans, August 2026) | 3.04% (new home loans, August 2026) |
| Electricity (household) | €0.240/kWh (≈ $0.27) | €0.314/kWh (≈ $0.35) | €0.237/kWh (≈ $0.27) | €0.251/kWh (≈ $0.28) |
| Petrol price | €2.19/L (+26.1% since Feb) | €2.02/L (+21.8% since Feb) | €2.10/L (+24.5% since Feb) | €1.78/L (+21% since Feb) |
| State pension age | 67 | 67 | 66 y 9 m | 66 y 10 m |
| Pension (share of pay) | 88.5% of net pay | 79% of net pay | 92.7% of net pay | 86.3% of net pay |
| Bank deposit protection | €100,000 per person, per bank | €100,000 per person, per bank | €100,000 per person, per bank | €100,000 per person, per bank |
| Retirement visa income | About €3,500 a month | No fixed figure (often about €31,000 a year) | €920 a month (+50% spouse) | €2,400 a month (+€600 per dependant) |
Compare Greece With Other Countries
See every country side by side in Compare Countries 2026: Wages, Tax, Mortgages and Pensions, or compare Greece with nearby countries in our data: Italy, Portugal, Spain and France.
Related Guides
Figures checked against the official sources listed in each linked guide in October 2026. Exchange-rate conversions are approximate. This page is for information and isn't financial or legal advice.
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