12 Greek Islands So Expensive They Might Just Make Your Wallet Scream (But They’re Gorgeous)

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Are you looking to visit the Greek islands? It is important to know which are the most affordable and which are the most expensive. As with any trip, knowing the costs beforehand is imperative for better planning. Of course, you want to budget more for the expensive destinations.

Fortunately, the high price tags of the Greek islands typically come with an exclusive level of luxury. Consider these not as expensive vacations but as rare opportunities to indulge in luxurious experiences. Rest assured, you will receive unparalleled value for your money.

High-end resorts, private beaches, once-in-a-lifetime experiences, and picture-perfect scenery—these 12 most expensive Greek destinations promise nothing short of luxury, adventure, and relaxation.

Mykonos

Things You Should Know Before Going to the Greek Islands Budgeting — © pkazmierczak / Adobe Stock

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Mykonos is arguably one of the most famous Greek islands. While it is known for many things, its nightlife is definitely its standout factor. From luxury tourism facilities, its popularity in the international tourism market, and its natural beauty, it is easy to see why a vacation in Mykonos would be expensive in Mykonos. If you want to travel to Greece on a budget, Mykonos is an island to avoid or spend minimal time on.

When in Mykonos, you can explore the bars and restaurants, catch a sunset in Little Venice, relax or party on Paradise and Super Paradise beaches, snap photos with the iconic Mykonos windmills, or explore the beautiful Ano Mera village.

For the ultimate Mykonian experience, consider one of the island’s luxury hotels, Million Stars Mykonos, located a short distance from 5 different beaches. Such a prime location beach lovers cannot resist. This 5-star hotel also provides an outdoor swimming pool, free private parking, and stunning sea views.

Zakynthos

Although sometimes closed, Shipwreck Beach is one of the most popular spots in Zakynthos. It is truly one of the most breathtaking beaches in the world. That being said, Zakynthos offers an unbeatable combination of natural beauty and luxurious lifestyle.

Beyond the Shipwreck Beach, you can explore the Blue Caves or see the sea turtles that come to nest on the shore.

For a truly luxurious experience, you can enjoy private yacht tours or boat tours to Shipwreck Beach or the Blue Caves. You may also consider staying in luxury hotels to enhance your vacation in Zakynthos. Lesante Cape Resort & Villas, located in Akrotiri, is known for offering its guests world-class and celebrity treatment. You will have access to an outdoor swimming pool, fitness center, a garden, and a next-level culinary scene.

Crete

Crete, the largest Greek island, offers many luxury experiences and facilities to tourists, many of which can come with a hefty price tag. Crete is famous for its beautiful beaches, unique cuisine, and beautiful natural scenery. Elounda and Agios Nikolaos, some of the most picturesque villages on the island, are especially known for offering tourists a lavish seaside holiday with their luxury resorts and high-end dining options.

When in Crete, you can visit some of Greece’s most beautiful beaches, like Elafonissi Beach, known for its pink sands; Balos Lagoon, famous for its turquoise waters and beautiful lagoon setting; and Seitan Limania Beach, loved for its dramatic cliffs and secluded setting. When visiting, take the opportunity to explore Samaria Gorge, one of the longest gorges in Europe.

For the ultimate luxurious experience in Crete, Grecotel LUXME White Palace awaits. This all-inclusive resort lies on a sandy beach and offers guests elegantly decorated rooms and bungalows, perfect views over the sea, four outdoor swimming pools, and a wide variety of dining options.

Rhodes

Rhodes is one destination that seamlessly combines modern luxury and natural beauty. It is also one of the most sought-after Greek islands, which inevitably drives up costs. This island offers a wide variety of private beaches, villas, and rich history, making it a perfect destination for relaxation and indulgence.

Rhodes Old Town, a UNESCO World Heritage Site, is among the best places to have snippets of the rich Greek history.

While Rhodes has a vast collection of luxury hotels, one that truly deserves a shoutout is Rhodes Bay Hotel & SPA. This 5-star hotel is located on a green hillside, just a breath away from Ixia Beach. The hotel also features three restaurants, outdoor pools, and a kids club for younger guests.

Skopelos

Skopelos, part of the Sporades islands, shot to fame for being one of the filming locations for Mamma Mia. Its beauty is one that film directors and tourists from all over cannot overlook. Lush green landscapes, traditional villages, beautiful beaches, and upscale facilities are some of the island’s most notable features. If you are looking to vacation on a picturesque Greek island, Skopelos is one to consider; it is often referred to as the greenest island in the Aegean Sea.

Skopelos’ tranquility and authenticity are things people are willing to splurge on.

Some unmissable landmarks for tourists include the chapel of Agios Ioannis Kastri, which stands on a cliff and offers panoramic views of Skopelos and Alonissos islands. Some scenes of Mamma Mia were shot here. You can also explore the charming streets of Skopelos Town or relax on beaches like Stafilos Beach, Velanio Beach, and Limnonari Beach.

Skopelos Village Hotel, located a very short walking distance from town, is known for providing exceptional facilities in a beautiful setting. You can enjoy stunning views of the sea and mainland houses from the property.

Hydra

The average hotel in Hydra costs $183 per night. Surprisingly, Budget Your Trip data reveals that Mykonos’s average hotel price stands at $169. This means that prices in Hydra are comparable to those in Mykonos, which is known to be super-expensive.

You, however, will quickly realize that the high price tag is very much worth it as soon as you set foot on Hydra. This island is car-free, offering tourists a timeless charm and utmost tranquility. Hydra is the perfect destination for those seeking a peaceful and sophisticated retreat with its stunning architecture, picturesque landscapes, and serene atmosphere. When visiting, do not miss out on Vlychos Beach and Mandraki Beach, some of the island’s most beautiful beaches.

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On Mandraki Beach stands Mandraki Beach Resort. This hotel’s tastefully decorated rooms feature air conditioners, coffee machines, a minibar, a safety deposit box, and private bathrooms.

Kefalonia

Kefalonia (or Cephalonia) is the largest island in the Ionian Sea and is known for its stunning natural landscapes, including dramatic cliffs, lush forests, and pristine beaches. It offers various outdoor activities, cultural experiences, and luxurious accommodations. Travelers should plan to spend at least $257 per day, which is more on the high end compared to other Greek destinations.

For beach lovers, you do not want to miss out on Myrtos Beach—it is an absolute stunner. Other notable landmarks in Kefalonia include Assos village, Melissani Cave, Fiskardo village, and Mount Ainos. When visiting, explore local wineries and sample Kefalonia’s renowned wines, such as Robola, which is unique to the island.

Eliamos Villas Hotel & Spa Kefalonia, located in Spartia, one of Kefalonia’s picturesque villages, is the place to savor the ultimate Kefalonian luxury. This hotel offers easy access to beaches, amazing sea and lush hills views, an outdoor swimming pool, and exquisitely decorated rooms.

Skiathos

Skiathos, another island in the Sporades group, offers a lot of relaxation and adventure, which may come with a hefty price tag. Tourists spend an average of $390 per day in Skiathos, which is relatively high in Greek and European standards. If you are looking for a budget trip to the Greek islands, Skiathos may not be the right destination.

The island is especially known for its beautiful beaches, which have soft white sands and crystal-clear waters. Some of the island’s most loved beaches include Koukounaries Beach and Lalaria Beach. Skiathos is also known for its vibrant nightlife.

Kassandra Bay Resort is more than a stay; it is a retreat amidst lavish surroundings. This resort has direct access to the sandy Vasilias Beach. It also has two seawater pools, a children’s pool, three restaurants, a poolside bar, and a spa and wellness center.

Corfu

Corfu is one of the most famous Greek islands. It is renowned for its verdant landscapes and rich history. The island features impressive architecture, such as the Old Fortress and the Liston Promenade in Corfu Town.

You will also like that Corfu is covered by dense vegetation, including olive groves, cypress trees, and beautiful gardens. For your exploration, you can head out to Corfu Old Town, which is a UNESCO World Heritage Site; Achilleion Palace, which was built for Empress Elisabeth of Bavaria; and beaches like Paleokastritsa Beach, Glyfada Beach and Sidari Beach.

While Corfu may offer great deals to tourists, it can become expensive due to high demand and limited space.

Grecotel Corfu Imperial is the perfect place for a luxurious stay in Corfu. This hotel, standing on a private peninsula, offers unobstructed views of the Ionian Sea and access to four sandy beaches. With its high-end facilities and prime location, you will have nothing but a lavish stay in this hotel.

Ios

Most Expensive Greek Islands Ios — © Milangonda / Adobe Stock

Ios used to be a cheap Greek island, an option for backpackers and younger travelers on a budget. However, as it has become mainstream, it is becoming just as expensive as the other Cycladic islands. The island is known for its lively nightlife and beautiful and charming coastal villages.

Ios’s reputation for vibrant nightlife and beach parties attracts a younger crowd willing to spend more on high-end accommodations and experiences. Regarding high-end accommodation, Liostasi Hotel is one that travelers cannot get enough of. The hotel, located about 1100 feet (350 meters) from a beach, would let you enjoy the finest side of Ios. You will have easy access to the picturesque Ios village from the hotel. You will also have access to a pool, spa center, and elegant suites overlooking the Aegean Sea.

For your beach adventures in Ios, you can visit Mylopotas Beach, Psathi Beach, and Agia Theodoti Beach.

Santorini

Every international tourist looking to visit Greece for the first time has Santorini on their itinerary. The island is also a popular stopover for cruise ships, attracting many tourists. With so much demand, Santorini will inevitably be expensive.

But it is not just about the popularity; Santorini is breathtaking, and with excellent planning and timing, the high price tag can be well worth it. From the whitewashed buildings, blue-dome churches, fantastic caldera views, stunning sunsets in Oia, and unique volcanic landscapes, Santorini is among the most beautiful Greek islands.

With this much beauty and ambiance, this island is a popular destination for couples seeking a romantic getaway. For the ultimate indulgence, hotels like Secret View Hotel will do the job excellently. Among the many things there is to like in this hotel, you will undoubtedly fall in love with the breathtaking sunset views you can enjoy. It is also an excellent location for romantic dinners with views of the sparkling Aegean Sea.

Koufonisia

Koufounisa is a small and picturesque island in the Cyclades, consisting of two main islands: Pano Koufonisi and Kato Koufonisi. With its relaxed vibe, this island is perfect for travelers seeking a serene escape with a touch of natural beauty. When visiting, you can relax on Pori Beach or Platia Pounda Beach. You will love that Koufounisia offers a wide range of secluded beach experiences, perfect for anyone looking to truly relax by the sea.

But just how expensive is Koufounisia? The average cost for a night in a hotel in Koufonisia is $173. While pulling a comfortable budget trip with this may be challenging, you have to recognize the wealth of lavish experiences this island offers.

If you want a luxurious vacation, consider Ionathan Koufonisia Suites, just a stone’s throw from Plaka Beach. Within 1000 feet from the property, you can access Megali Ammos Beach, Karnagio Small Beach, Ludiko Beach, and Spillia Beach. You also will have views of gardens, pools, and the sea from your suites.