Soil salinization is directly related to the quantity and quality of food production, and often, to increased energy demands for high-quality irrigation water. Reliable monitoring of soil salinity based on a less laborious method than the soil saturated paste (SP) extract methodology is required. In the present study, an attempt is made to relate the electrical conductivity (EC) of the soil saturated paste (SP) extract (ECe) with the EC determined in the 1:1 and 1:5 soil over water mass ratios, (soil:water) extracts (EC1:1 and EC1:5). ECe, EC1:1, and EC1:5 values were obtained for 198 soil samples from five different locations in Greece. The results have shown that strong linear relationships exist between the ECe and the EC1:1 and EC1:5 values (R2 > 0.93), and that the slopes of these linear relationships decreased from coarse to fine soil types. For 123 soil samples, the concentrations of Κ+, Νa+, Ca2+, Mg2+, and Cl− were also determined in the extracts of the three applied methodologies. Ion concentrations in the 1:1 and 1:5 extracts were highly correlated with the respective ion concentrations in the SP extracts. These findings strongly suggest that EC1:1 and EC1:5 values can be safely used for the estimation of ECe.