Are Pensioners Living in North Cyprus better, or worse off than pensioners living elsewhere ?

We hear it all the time now : "North Cyprus is too expensive - Pensioners can't afford to live here anymore - The cost of living has gone through the roof " but before we ask the last one out to switch the lights off, let's have a look at the actual situation.

Living Abroad 22 October 2026 1 min read 12 reads

Pensioners enjoying a glass of wine on a mediterranean balcony

Anyone receiving a pension in Pounds and spending in Turkish Lira has had a rough time recently. Over the last 12 months, the purchasing power of a Sterling pension in North Cyprus has fallen by roughly 14.5% in our comparison.

But here is the bit that tends to get forgotten. The exchange rate is only one part of the story. What actually matters is how much money you need every month to live. When I compared the approximate monthly costs for a retired couple, including accommodation, the figures looked something like this:

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