The post How much does it cost to live in Spain? appeared first on How to buy in Spain.
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In this article, with the data available from 2023, you will understand everything about the cost of living in Spain: purchasing power, rent, cost of daily items such as groceries and restaurants, comparison of all the sectors’ prices vs other European countries,… We will explain to you why Spain is a very cost-effective place to live vs all the major economies in the world and which Spanish cities are the best to work or relax with a small budget or we will tell you which Spanish cities are the most expensive ones.
You could think this article is long, but don’t hesitate to read the table of contents just below to find direct answers to your questions.
Yes, Spain is one of the cheapest countries in the world, and it is even more interesting if you consider the quality of life and the economic activity!
Enjoy your reading, you just landed on one of our most-read articles!
If you want to compare the cost of living between the United Kingdom and Spain, we wrote a dedicated article on that: The cost of living in Spain vs UK.
Of course, you will tell us that you want to go to Spain for the sun or to the beaches…
There are plenty of other good reasons as well, but when you look at finding a place to live, we think that the cost of living is a very important criterion!
We did the work with the help of the Statistics from Eurostat to compare Spain’s cost of life vs any other European country so that you could compare your current lifestyle with the one you could have in Spain.
Here are the results:
If you compare Spain on this chart in Orange colour with Europe in Blue colour, you will notice that Spain is more expensive in only one area: “Communication” by 12%. All the other sectors are cheaper in Spain than in the rest of Europe!
Cost of Goods & Services | Europe-19 | Spain | Spain vs Europe |
Transport services | 106 | 88 | 83% |
Restaurants and hotels | 103 | 89 | 87% |
Alcoholic beverages and tobacco | 105 | 91 | 87% |
Clothing | 101 | 90 | 89% |
Consumption price index | 106 | 97 | 92% |
Food and non-alcoholic beverages | 105 | 97 | 93% |
Transport equipment | 101 | 96 | 95% |
Household appliances | 102 | 99 | 97% |
Footwear | 101 | 100 | 99% |
Electricity, gas and fuels | 108 | 107 | 99% |
Consumer electronics | 101 | 100 | 100% |
Furniture and furnishings | 102 | 102 | 100% |
Communication | 109 | 123 | 112% |
Source: Eurostat 2020
If you prefer a chart, here is our interactive chart:
So, next time you visit Spain, enjoy the sun, the beaches, the cultural treasures and of course the quality of life… and for sure, the excellent Mediterranean food and tapas!
As you can see on this table with the General Index: Spain is on average 8% cheaper than the rest of Europe!
Spain is cheap for :
So keep enjoying the beers and the Tapas.
Communication, +12%
Check the detailed comparison of electricity prices made by Eurostat.
The good news: Europe voted laws for cheaper communications within EU!
Numbeo, is a website comparing the cost of living in many different countries and cities all over the world. According to them, in January 2022, Spain is the 46th most expensive country in the world with an average cost of life of 53.88 (vs 100 for New York). Spain is cheaper than Greece, for instance, and has the same cost of life as Estonia. Not bad if you want to enjoy the sun! If you look at the top 21 countries in the world in terms of GDP, Spain is the 12th country in terms of the cost of living.
Numbeo takes NYC as a reference: these indices are relative to New York City (NYC). This means that for any city with the same cost of living as New York City, it will have a value of 100. If another city has, for example, a rent index of 120, it means that, on average, in that city, rents are 20% more expensive than in New York City. If a city has a rent index of 70, that means that city rents are on average 30% less expensive than in New York City.
Let’s dig deeper into the worldwide ranking made by Numbeo on the cost of living (with rent) ranking (fourth column):
Rank
|
Country
|
Cost of Living Index
|
Rent Index
|
Cost of Living Plus Rent Index
|
Groceries Index
|
Restaurant Price Index
|
Local Purchasing Power Index
|
---|---|---|---|---|---|---|---|
1 | Bermuda | 146.04 | 98.58 | 123.80 | 148.66 | 159.17 | 81.07 |
2 | Switzerland | 123.35 | 53.54 | 90.62 | 128.13 | 122.09 | 118.44 |
3 | Norway | 100.90 | 34.68 | 69.86 | 97.31 | 105.49 | 83.11 |
4 | Iceland | 94.86 | 41.93 | 70.05 | 90.22 | 99.42 | 77.06 |
5 | Barbados | 92.37 | 21.99 | 59.38 | 87.81 | 78.18 | 32.08 |
6 | Jersey | 92.02 | 65.33 | 79.51 | 76.88 | 94.65 | 79.14 |
7 | Israel | 88.05 | 33.94 | 62.69 | 76.72 | 95.31 | 75.58 |
8 | Denmark | 84.12 | 33.23 | 60.26 | 68.60 | 98.75 | 99.45 |
9 | Bahamas | 84.00 | 35.34 | 61.19 | 70.59 | 89.09 | 45.07 |
10 | Singapore | 83.98 | 66.43 | 75.75 | 77.08 | 61.17 | 91.34 |
11 | Guernsey | 83.59 | 54.02 | 69.73 | 76.76 | 89.98 | 71.57 |
12 | Hong Kong | 80.71 | 74.57 | 77.83 | 84.72 | 58.58 | 65.74 |
13 | Luxembourg | 80.50 | 60.09 | 70.93 | 74.75 | 88.79 | 98.84 |
14 | Australia | 77.75 | 36.84 | 58.57 | 77.44 | 72.95 | 104.63 |
15 | Japan | 77.03 | 25.86 | 53.04 | 81.31 | 45.40 | 87.11 |
16 | Ireland | 76.05 | 42.08 | 60.13 | 62.10 | 80.40 | 82.27 |
17 | Netherlands | 75.66 | 36.06 | 57.10 | 65.49 | 76.35 | 87.99 |
18 | New Zealand | 74.52 | 34.44 | 55.73 | 72.04 | 70.05 | 83.63 |
19 | France | 74.13 | 25.33 | 51.26 | 73.64 | 71.84 | 85.41 |
20 | South Korea | 73.22 | 20.02 | 48.28 | 91.95 | 42.10 | 76.85 |
21 | Finland | 73.20 | 25.95 | 51.05 | 65.16 | 77.65 | 91.02 |
22 | Belgium | 72.61 | 25.79 | 50.67 | 63.32 | 78.63 | 79.72 |
23 | Sweden | 71.74 | 25.86 | 50.23 | 65.78 | 72.61 | 98.14 |
24 | Austria | 71.04 | 27.13 | 50.46 | 65.88 | 66.03 | 77.25 |
25 | Canada | 70.22 | 34.33 | 53.40 | 70.01 | 67.86 | 87.98 |
26 | United States | 70.13 | 42.07 | 56.98 | 70.37 | 70.07 | 106.34 |
27 | United Kingdom | 69.65 | 31.84 | 51.93 | 56.58 | 76.79 | 88.78 |
28 | Lebanon | 69.62 | 24.81 | 48.61 | 66.83 | 54.25 | 35.12 |
29 | Malta | 67.84 | 29.72 | 49.97 | 59.59 | 72.42 | 44.18 |
30 | Macao | 66.81 | 43.00 | 55.65 | 67.90 | 51.32 | 69.27 |
31 | Puerto Rico | 66.53 | 18.40 | 43.97 | 69.60 | 55.60 | 72.78 |
32 | Italy | 66.47 | 20.55 | 44.95 | 57.95 | 70.58 | 61.74 |
33 | Seychelles | 65.93 | 32.35 | 50.19 | 61.55 | 77.01 | 19.43 |
34 | Germany | 65.58 | 27.62 | 47.78 | 52.31 | 60.91 | 103.08 |
35 | Qatar | 62.81 | 48.20 | 55.96 | 54.97 | 63.01 | 93.67 |
36 | Taiwan | 62.35 | 17.69 | 41.42 | 76.19 | 29.42 | 58.35 |
37 | Cyprus | 59.03 | 22.36 | 41.84 | 49.20 | 61.15 | 57.31 |
38 | United Arab Emirates | 58.33 | 43.28 | 51.28 | 46.67 | 61.53 | 92.17 |
39 | Palestine | 58.11 | 11.01 | 36.03 | 51.23 | 44.58 | 39.84 |
40 | Maldives | 57.66 | 30.20 | 44.78 | 56.60 | 34.72 | 28.59 |
41 | Greece | 56.22 | 12.68 | 35.81 | 44.73 | 52.19 | 39.73 |
42 | Cuba | 55.00 | 15.23 | 36.36 | 47.93 | 33.54 | 1.45 |
43 | Trinidad And Tobago | 54.88 | 15.97 | 36.64 | 53.96 | 53.74 | 38.47 |
44 | Bahrain | 54.77 | 29.22 | 42.79 | 44.59 | 48.94 | 61.41 |
45 | Slovenia | 53.88 | 17.90 | 37.01 | 47.71 | 46.74 | 59.48 |
46 | Spain | 53.88 | 21.25 | 38.58 | 45.69 | 53.96 | 70.04 |
47 | Estonia | 53.68 | 16.37 | 36.19 | 42.29 | 56.43 | 63.46 |
48 | Yemen | 53.14 | 6.71 | 31.38 | 67.12 | 24.74 | 14.41 |
49 | Uruguay | 52.07 | 13.93 | 34.19 | 44.01 | 49.39 | 30.07 |
50 | Suriname | 51.78 | 9.71 | 32.06 | 45.92 | 79.61 | 13.44 |
51 | Panama | 51.43 | 21.75 | 37.51 | 52.16 | 43.38 | 33.09 |
52 | Belize | 51.30 | 11.64 | 32.71 | 48.76 | 36.60 | 45.73 |
53 | Saudi Arabia | 50.41 | 11.67 | 32.25 | 42.57 | 35.50 | 91.85 |
54 | Senegal | 50.25 | 22.97 | 37.46 | 42.17 | 46.22 | 23.45 |
55 | Jamaica | 49.67 | 15.10 | 33.46 | 53.41 | 35.04 | 30.25 |
56 | Oman | 49.42 | 16.77 | 34.11 | 46.51 | 43.24 | 84.24 |
57 | Jordan | 49.19 | 9.23 | 30.46 | 40.81 | 41.16 | 31.34 |
58 | Cambodia | 49.11 | 15.68 | 33.44 | 50.61 | 22.90 | 13.32 |
59 | Croatia | 48.94 | 13.38 | 32.27 | 41.98 | 41.29 | 47.55 |
60 | Kuwait | 48.68 | 31.31 | 40.54 | 35.63 | 47.48 | 78.57 |
61 | Latvia | 48.45 | 11.77 | 31.26 | 38.37 | 42.10 | 51.65 |
62 | Libya | 48.35 | 12.89 | 31.73 | 54.03 | 34.10 | 33.25 |
63 | Czech Republic | 48.24 | 18.40 | 34.25 | 42.76 | 36.72 | 66.47 |
64 | Portugal | 47.94 | 20.73 | 35.19 | 39.01 | 40.26 | 46.80 |
65 | Ethiopia | 47.49 | 16.88 | 33.14 | 36.68 | 18.03 | 10.15 |
66 | Ivory Coast | 47.03 | 17.68 | 33.27 | 40.22 | 31.99 | 6.92 |
67 | Costa Rica | 47.01 | 14.70 | 31.87 | 45.54 | 41.69 | 39.88 |
68 | Zimbabwe | 45.68 | 8.75 | 28.37 | 39.88 | 38.13 | 19.07 |
69 | Lithuania | 45.65 | 15.01 | 31.29 | 36.18 | 46.64 | 58.74 |
70 | Slovakia | 44.68 | 16.11 | 31.29 | 39.74 | 36.08 | 54.70 |
71 | El Salvador | 44.37 | 13.19 | 29.75 | 44.32 | 35.47 | 21.17 |
72 | Mauritius | 44.08 | 10.95 | 28.55 | 45.61 | 33.44 | 29.62 |
73 | Chile | 43.90 | 13.51 | 29.66 | 38.87 | 43.26 | 33.27 |
74 | Guatemala | 43.49 | 15.60 | 30.42 | 41.92 | 32.59 | 26.35 |
75 | Thailand | 43.21 | 14.69 | 29.84 | 45.15 | 22.59 | 31.56 |
76 | Venezuela | 43.20 | 9.99 | 27.63 | 37.34 | 46.23 | 15.41 |
77 | Fiji | 43.16 | 17.76 | 31.26 | 48.06 | 37.42 | 35.87 |
78 | South Africa | 42.09 | 16.60 | 30.14 | 34.78 | 41.33 | 78.36 |
79 | Dominican Republic | 41.77 | 9.59 | 26.68 | 38.45 | 34.30 | 21.07 |
80 | China | 41.77 | 16.53 | 29.93 | 46.01 | 28.37 | 59.99 |
81 | Hungary | 40.66 | 11.91 | 27.18 | 35.19 | 32.82 | 51.98 |
82 | Honduras | 40.46 | 10.28 | 26.31 | 34.73 | 28.67 | 32.09 |
83 | Botswana | 40.17 | 10.21 | 26.12 | 35.16 | 42.50 | 62.63 |
84 | Nicaragua | 39.64 | 8.68 | 25.13 | 38.13 | 27.51 | 17.63 |
85 | Cameroon | 39.48 | 6.91 | 24.22 | 40.41 | 26.33 | 15.37 |
86 | Poland | 38.95 | 14.45 | 27.46 | 32.42 | 33.52 | 59.95 |
87 | Montenegro | 38.95 | 12.87 | 26.72 | 31.76 | 33.22 | 34.19 |
88 | Bulgaria | 38.38 | 9.07 | 24.64 | 34.02 | 32.44 | 45.96 |
89 | Vietnam | 37.48 | 13.22 | 26.11 | 38.70 | 19.98 | 29.38 |
90 | Iran | 37.39 | 17.05 | 27.85 | 29.46 | 25.18 | 17.98 |
91 | Ecuador | 37.34 | 11.28 | 25.12 | 34.49 | 28.55 | 31.76 |
92 | Philippines | 37.06 | 9.59 | 24.18 | 37.84 | 20.61 | 21.47 |
93 | Malaysia | 37.02 | 9.87 | 24.29 | 39.45 | 20.84 | 55.30 |
94 | Serbia | 36.21 | 8.73 | 23.33 | 28.18 | 29.24 | 37.83 |
95 | Ghana | 36.20 | 19.31 | 28.28 | 37.53 | 30.06 | 16.82 |
96 | Bosnia And Herzegovina | 36.12 | 6.82 | 22.39 | 31.14 | 25.34 | 44.10 |
97 | Indonesia | 35.85 | 9.82 | 23.65 | 38.29 | 17.74 | 21.07 |
98 | Myanmar | 35.67 | 21.18 | 28.87 | 37.63 | 20.00 | 13.84 |
99 | Albania | 35.50 | 8.47 | 22.83 | 29.32 | 25.82 | 30.19 |
100 | Mexico | 35.35 | 12.55 | 24.66 | 34.82 | 32.67 | 38.62 |
101 | Russia | 35.26 | 13.09 | 24.87 | 29.86 | 34.56 | 37.41 |
102 | Romania | 35.24 | 10.17 | 23.49 | 31.38 | 30.02 | 48.12 |
103 | Bolivia | 34.77 | 10.18 | 23.24 | 31.26 | 24.97 | 36.04 |
104 | Mongolia | 34.74 | 11.22 | 23.72 | 36.14 | 22.80 | 24.34 |
105 | Argentina | 34.69 | 7.71 | 22.04 | 28.17 | 33.32 | 30.72 |
106 | Somalia | 34.58 | 5.16 | 20.79 | 39.39 | 26.65 | 29.40 |
107 | Iraq | 34.47 | 10.63 | 23.29 | 30.46 | 28.31 | 40.92 |
108 | Kenya | 33.92 | 8.73 | 22.11 | 31.27 | 28.82 | 32.18 |
109 | Armenia | 33.89 | 11.61 | 23.45 | 27.59 | 30.55 | 28.86 |
110 | Morocco | 33.83 | 8.98 | 22.18 | 30.63 | 24.52 | 34.36 |
111 | Uganda | 33.50 | 9.19 | 22.10 | 31.00 | 24.85 | 11.41 |
112 | Brazil | 33.24 | 8.27 | 21.54 | 28.16 | 25.24 | 27.85 |
113 | Bangladesh | 33.13 | 4.42 | 19.67 | 30.41 | 21.70 | 25.30 |
114 | Zambia | 33.04 | 9.26 | 21.90 | 31.53 | 22.46 | 40.33 |
115 | Tanzania | 32.81 | 12.36 | 23.23 | 30.04 | 24.86 | 15.97 |
116 | Peru | 32.53 | 11.22 | 22.54 | 30.71 | 21.53 | 28.17 |
117 | Rwanda | 31.62 | 15.90 | 24.25 | 27.71 | 27.99 | 26.82 |
118 | North Macedonia | 31.38 | 6.06 | 19.51 | 26.95 | 21.02 | 35.44 |
119 | Sri Lanka | 31.29 | 8.23 | 20.48 | 37.67 | 17.27 | 19.27 |
120 | Belarus | 30.89 | 9.81 | 21.01 | 27.24 | 31.64 | 31.78 |
121 | Ukraine | 30.71 | 10.57 | 21.27 | 26.30 | 25.75 | 37.22 |
122 | Nigeria | 30.49 | 35.99 | 33.07 | 33.65 | 20.92 | 9.34 |
123 | Moldova | 30.35 | 8.70 | 20.20 | 24.96 | 27.10 | 33.43 |
124 | Paraguay | 30.20 | 10.04 | 20.75 | 25.45 | 24.19 | 26.08 |
125 | Georgia | 30.18 | 9.26 | 20.37 | 26.44 | 27.88 | 31.15 |
126 | Azerbaijan | 29.73 | 7.86 | 19.48 | 26.57 | 26.73 | 27.26 |
127 | Egypt | 29.52 | 5.82 | 18.41 | 27.42 | 23.42 | 21.54 |
128 | Syria | 28.75 | 5.17 | 17.70 | 29.34 | 22.81 | 6.59 |
129 | Kazakhstan | 28.68 | 9.44 | 19.66 | 25.35 | 27.24 | 32.23 |
130 | Turkey | 28.31 | 6.63 | 18.15 | 22.64 | 18.40 | 32.88 |
131 | Nepal | 28.29 | 3.96 | 16.89 | 26.45 | 20.41 | 22.96 |
132 | Tunisia | 27.87 | 5.32 | 17.30 | 27.36 | 15.96 | 27.83 |
133 | Uzbekistan | 27.31 | 9.29 | 18.86 | 26.83 | 24.22 | 22.37 |
134 | Kosovo (Disputed Territory) | 27.05 | 8.04 | 18.14 | 24.84 | 19.53 | 43.86 |
135 | Algeria | 26.87 | 4.59 | 16.43 | 28.82 | 14.48 | 24.63 |
136 | Colombia | 26.72 | 8.18 | 18.03 | 23.47 | 19.44 | 28.85 |
137 | India | 24.43 | 5.30 | 15.47 | 26.43 | 17.56 | 49.72 |
Now that we saw that the cost of living in Spain vs the rest of the world is ranking well, it is time to check which Spanish cities are expensive or cheap. So at least you will know it before moving there.
Here is the January 2022 ranking of all the main Spanish cities vs their cost of living according to Numbeo:
Rank
|
City
|
Cost of Living Index
|
Rent Index
|
Cost of Living Plus Rent Index
|
Groceries Index
|
Restaurant Price Index
|
Local Purchasing Power Index
|
---|---|---|---|---|---|---|---|
1 | Bilbao | 63.62 | 26.53 | 46.06 | 56.67 | 63.19 | 66.70 |
2 | Barcelona | 60.70 | 30.79 | 46.54 | 48.52 | 62.42 | 70.07 |
3 | Madrid | 59.19 | 31.10 | 45.89 | 48.87 | 62.32 | 75.06 |
4 | Palma de Mallorca | 58.30 | 27.34 | 43.65 | 47.79 | 59.64 | 63.61 |
5 | Zaragoza (Saragossa) | 54.60 | 18.24 | 37.39 | 47.85 | 54.95 | 69.42 |
6 | Seville (Sevilla) | 53.47 | 20.55 | 37.89 | 48.76 | 48.90 | 71.73 |
7 | Vigo | 52.85 | 17.16 | 35.95 | 42.75 | 54.95 | 75.98 |
8 | Valencia | 52.65 | 21.84 | 38.06 | 44.43 | 55.27 | 70.33 |
9 | Las Palmas de Gran Canaria | 52.00 | 22.08 | 37.84 | 48.07 | 48.92 | 55.22 |
10 | Granada | 51.75 | 15.65 | 34.66 | 43.71 | 46.84 | 87.46 |
11 | Malaga | 51.65 | 25.51 | 39.28 | 43.07 | 51.32 | 67.07 |
12 | Murcia | 51.32 | 15.65 | 34.44 | 43.30 | 51.62 | 77.45 |
13 | Alicante | 51.21 | 19.85 | 36.37 | 42.39 | 52.07 | 80.29 |
14 | Santa Cruz de Tenerife | 50.65 | 19.13 | 35.73 | 42.17 | 53.40 | 64.54 |
Those numbers rely on members updating data, so they should be taken with a grain of salt.
Rank
|
City
|
Cost of Living Index
|
Rent Index
|
Cost of Living Plus Rent Index
|
Groceries Index
|
Restaurant Price Index
|
Local Purchasing Power Index
|
---|---|---|---|---|---|---|---|
1 | Bilbao | 64.85 | 26.11 | 45.98 | 55.47 | 60.44 | 68.06 |
2 | Barcelona | 61.71 | 30.52 | 46.52 | 49.28 | 60.72 | 60.44 |
3 | Madrid | 61.15 | 33.16 | 47.52 | 48.88 | 61.55 | 67.17 |
4 | Zaragoza – Saragossa | 60.20 | 18.06 | 39.68 | 51.93 | 54.82 | 68.68 |
5 | Palma de Mallorca | 58.66 | 27.64 | 43.56 | 46.22 | 62.75 | 56.87 |
6 | Granada | 57.09 | 17.10 | 37.61 | 45.38 | 48.84 | 61.84 |
7 | Alicante | 53.56 | 17.70 | 36.10 | 42.54 | 53.44 | 79.61 |
8 | Valencia | 53.44 | 21.92 | 38.09 | 42.83 | 50.94 | 73.81 |
9 | Santa Cruz de Tenerife | 53.37 | 18.31 | 36.30 | 44.14 | 52.01 | 60.48 |
10 | Seville – Sevilla | 52.97 | 20.06 | 36.95 | 46.42 | 43.62 | 68.59 |
11 | Malaga | 52.89 | 22.85 | 38.26 | 42.32 | 50.59 | 69.48 |
12 | Las Palmas de Gran Canaria | 50.52 | 22.00 | 36.63 | 43.40 | 49.89 | 60.29 |
Click on any of those cities hyperlink to find the latest number of any of those cities.
The impacts of the Coronavirus on the Spanish Real Estate
These indices are relative to New York City (NYC). This means that for New York City, each index should be 100(%). If another city has, for example, rent index of 120, it means that on average in that city rents are 20% more expensive than in New York City. If a city has a rent index of 70, that means that city rents are 30% less expensive for that city than for New York City. Numbeo calculates different indicators:
For more information about used weights (actual formula) please visit Numbeo Motivation and Methodology.
To discover real current pricing for any city, of course, always good to double-check later, click on any city on our table to discover the details published by Numbeo:
Data collected over the last year
Restaurants
|
Range | |
---|---|---|
Meal, Inexpensive Restaurant | 12.00 € | |
Meal for 2 People, Mid-range Restaurant, Three-course | 50.00 € | |
McMeal at McDonalds (or Equivalent Combo Meal) | 8.50 € | |
Domestic Beer (0.5 liter draught) | 3.00 € | |
Imported Beer (0.33 liter bottle) | 3.50 € | |
Cappuccino (regular) | 1.97 € | |
Coke/Pepsi (0.33 liter bottle) | 1.98 € | |
Water (0.33 liter bottle) | 1.24 € | |
Markets
|
||
Milk (regular), (1 liter) | 0.88 € | |
Loaf of Fresh White Bread (500g) | 1.20 € | |
Rice (white), (1kg) | 1.09 € | |
Eggs (regular) (12) | 2.16 € | |
Local Cheese (1kg) | 9.98 € | |
Chicken Fillets (1kg) | 6.19 € | |
Beef Round (1kg) (or Equivalent Back Leg Red Meat) | 12.06 € | |
Apples (1kg) | 1.71 € | |
Banana (1kg) | 1.66 € | |
Oranges (1kg) | 1.71 € | |
Tomato (1kg) | 1.85 € | |
Potato (1kg) | 1.26 € | |
Onion (1kg) | 1.23 € | |
Lettuce (1 head) | 1.00 € | |
Water (1.5 liter bottle) | 0.71 € | |
Bottle of Wine (Mid-Range) | 5.00 € | |
Domestic Beer (0.5 liter bottle) | 1.06 € | |
Imported Beer (0.33 liter bottle) | 1.80 € | |
Cigarettes 20 Pack (Marlboro) | 5.00 € | |
Transportation
|
||
One-way Ticket (Local Transport) | 2.38 € | |
Monthly Pass (Regular Price) | 40.00 € | |
Taxi Start (Normal Tariff) | 3.00 € | |
Taxi 1km (Normal Tariff) | 1.20 € | |
Taxi 1hour Waiting (Normal Tariff) | 22.10 € | |
Gasoline (1 liter) | 1.39 € | |
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 22,000.00 € | |
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 24,137.00 € | |
Utilities (Monthly)
|
||
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | 152.66 € | |
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.16 € | |
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 39.11 € | |
Sports And Leisure
|
||
Fitness Club, Monthly Fee for 1 Adult | 43.20 € | |
Tennis Court Rent (1 Hour on Weekend) | 24.59 € | |
Cinema, International Release, 1 Seat | 9.00 € | |
Childcare
|
||
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 482.11 € | |
International Primary School, Yearly for 1 Child | 10,460.00 € | |
Clothing And Shoes
|
||
1 Pair of Jeans (Levis 501 Or Similar) | 71.45 € | |
1 Summer Dress in a Chain Store (Zara, H&M, …) | 31.70 € | |
1 Pair of Nike Running Shoes (Mid-Range) | 71.59 € | |
1 Pair of Men Leather Business Shoes | 96.05 € | |
Rent Per Month
|
||
Apartment (1 bedroom) in City Centre | 913.24 € | |
Apartment (1 bedroom) Outside of Centre | 714.06 € | |
Apartment (3 bedrooms) in City Centre | 1,537.84 € | |
Apartment (3 bedrooms) Outside of Centre | 1,109.38 € | |
Buy Apartment Price
|
||
Price per Square Meter to Buy Apartment in City Centre | 4,796.96 € | |
Price per Square Meter to Buy Apartment Outside of Centre | 3,045.59 € | |
Salaries And Financing
|
||
Average Monthly Net Salary (After Tax) | 1,703.29 € | |
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 1.84 |
Bilbao, Barcelona and Madrid are in the top 3.
Here is the cost of living ranking of all the major Spanish cities if you want to get more than the top 3.
The 3 cheapest Spanish cities are: Las Palmas de Gran Canaria, Malaga and Sevilla.
Here is the cost of living to rank of all the major Spanish cities if you want to get more than the top 3.
End September 2021, Sorted by price, second column
City / Region | Price | Yr Price Evolution | Qtr Price Evolution | Number of Transactions | Transaction Evolution |
Gipuzkoa | 2 736 € | 3,0% | -0,6% | 7 171 | 15% |
Madrid (Comunidad de) | 2 685 € | 2,9% | 0,9% | 83 173 | 25% |
Balears (Illes) | 2 496 € | 4,8% | 2,1% | 14 322 | 15% |
País Vasco | 2 421 € | 3,3% | -0,4% | 22 366 | 18% |
Barcelona | 2 396 € | 1,3% | -0,4% | 60 555 | 19% |
Bizkaia | 2 364 € | 3,9% | 0,0% | 12 036 | 17% |
Cataluña | 2 038 € | 1,9% | -0,2% | 93 862 | 24% |
Araba/Alava | 1 975 € | 2,8% | -1,7% | 3 159 | 25% |
Málaga | 1 924 € | 7,6% | 3,9% | 32 109 | 25% |
Ceuta | 1 798 € | -0,5% | 0,1% | 711 | 34% |
Ceuta y Melilla | 1 738 € | 0,1% | 0,3% | 1 464 | 47% |
Melilla | 1 699 € | 0,9% | 0,6% | 753 | 63% |
TOTAL NACIONAL | 1 662 € | 2,6% | 0,8% | 611 093 | 28% |
with the National Spanish Average: 1,662 €/m²
Read more and get the last updated prices on the Spanish property market.
End September 2021, Sorted by price, second column
City / Region | Price | Yr Price Evolution | Qtr Price Evolution | Number of Transactions | Transaction Evolution |
Ciudad Real | 712 € | -1,0% | 0,1% | 5 446 | 43% |
Teruel | 752 € | 2,2% | -0,8% | 1 733 | 30% |
Cuenca | 766 € | -1,1% | -2,6% | 2 346 | 48% |
Jaén | 786 € | 1,6% | 1,1% | 6 400 | 31% |
Zamora | 792 € | -3,9% | -1,4% | 1 871 | 54% |
Cáceres | 837 € | -0,3% | 1,7% | 3 823 | 25% |
Ávila | 844 € | 4,5% | 3,3% | 2 516 | 35% |
Extremadura | 857 € | 1,4% | 1,5% | 10 666 | 37% |
León | 860 € | -0,9% | 2,7% | 4 657 | 33% |
Toledo | 868 € | 3,5% | 2,0% | 10 775 | 39% |
Badajoz | 871 € | 2,7% | 1,3% | 6 843 | 45% |
Lugo | 881 € | 3,1% | 0,5% | 3 601 | 57% |
Castilla-La Mancha | 887 € | 1,3% | 0,5% | 27 431 | 40% |
Ourense | 891 € | -2,7% | -0,1% | 2 451 | 42% |
Albacete | 904 € | 0,2% | -1,8% | 3 919 | 39% |
Soria | 914 € | -2,3% | 3,7% | 1 311 | 53% |
Palencia | 930 € | -1,4% | 2,9% | 1 956 | 48% |
Segovia | 985 € | -0,1% | 2,3% | 2 418 | 52% |
Murcia (Región de) | 986 € | 2,9% | -1,4% | 22 074 | 32% |
Lleida | 995 € | 0,8% | -3,2% | 5 661 | 45% |
with the National Spanish Average: 1.662 €/m²
Read more on and get the last updated prices on the Spanish property market.
Rent Index is an estimation of prices for renting apartments in the city compared to New York City. If Rent index is 80, Numbeo estimates that the price of rents in that city is on an average 20% less than the price in New York.
Rent Index is an estimation of prices for renting apartments in the city compared to New York City. If Rent index is 80, Numbeo estimates that the price of rents in that city is on an average 20% less than the price in New York.
Groceries Index is an estimation of grocery prices in the city compared to New York City. To calculate this section, Numbeo uses weights of items in the “Markets” section for each city.
Groceries Index is an estimation of grocery prices in the city compared to New York City. To calculate this section, Numbeo uses weights of items in the “Markets” section for each city.
Local Purchasing Power is an indicator calculated by Numbeo that shows relative purchasing power in buying goods and services in a given city for the average wage in that city. If domestic purchasing power is 40, this means that the inhabitants of that city with the average salary can afford to buy on an average 60% fewer goods and services than New York City residents with an average salary.
Local Purchasing Power is an indicator calculated by Numbeo and it shows relative purchasing power in buying goods and services in a given city for the average wage in that city. If domestic purchasing power is 40, this means that the inhabitants of that city with the average salary can afford to buy on an average 60% fewer goods and services than New York City residents with an average salary.
If you take the last column of the table of Numbeo, you earn on average 69 to 85% of what you would earn if you lived in New York but at the same time, the cost of life plus rent index (third data column) is between 33 to 47%. So, that’s one of the main reasons why Spain is one of the best countries in the world for relocating & for working remotely?
Discover all our detailed reviews of the beautiful Spanish Costas.
If in addition to that, you take into account that Spain is the healthiest country in the world to live in as we wrote in our last article and Spain has so many experiences to enjoy, that’s why it is the number one holiday destination in Europe.
And you will see quickly how much you will save, even if you are there on holiday. That’s one of the best-kept secrets of Spain.
Compare two cities with Numbeo, here we took Valencia and Malaga
Check the city comparator of Flying Yack
If you want to find out quickly which is the cheapest city in any region in the world, don’t forget to check the colour maps of Numbeo.
As you may have read on our homepage howtobuyinspain.com, Buying a property in Spain is cheap and looks easy, but there are some pitfalls. That is why we have built over the years a network of 100+ local partners dedicated to assisting you: Lawyers, Mortgage brokers (financing and refinancing at lower rates), Insurance brokers, Tax advisors, Surveyors, Property hunters, Renovation, NIE specialists… So don’t miss our homepage howtobuyinspain.com, it is where you should continue for your property search in Spain.
Of course, Madrid has the most flights towards Spain and is followed by Barcelona. That makes those two airports the cheapest way to Spain. The other most active airports in Spain are: 3. Gran Canaria airport 4. Malaga airport 5. Tenerife South airport 6. Palma airport 7. Alicante airport 8. Lanzarote airport 9. Valencia airport 10. Fuerte ventura airport
1. Santa Cruz de Tenerife 2. Malaga 3. Las Palmas de Gran Canaria. Of course, many smaller cities are cheaper, compare other cities with those main cities in our article
Expats love Barcelona and Madrid for sure. If you compare those two cities with other international cities, they are on top of it. Expats love as well many smaller cities like Valencia, Seville, Bilbao, Malaga, Marbella... Discover those cities with the articles we wrote on each one
Spain is on average 11% much cheaper than Europe.
Spain is very cheap for Transport Services, Restaurants and Hotels, Alcoholic Beverages and Tobacco, Transport Equipment, Clothing and yes the list doesn’t stop here… Spain is cheap for Food and Drinks. So keep enjoying the beers and the Tapas.
Looking for an expert in Spain? Ask us directly!
Senior analyst and strategist at HTBIS
Check the full HTBIS team here
The post How much does it cost to live in Spain? appeared first on How to buy in Spain.
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]]>FYI, all our charts are always up to date, but for the up to date comments, check our most recent quarterly update “Quarterly update on the Spanish real estate market“.
Here is a summary of all our resources that we have created in 2017 on the 20 biggest Spanish cities in order to help you be more efficient in your search for your ideal property in Spain. We ended this week our series of 21 papers on all the main Spanish cities with our paper on Castellón. Since March 2017, we wrote 21 specific papers we are very proud of this work!
As you can see on this chart, Spanish real estate prices (thick orange line) got its lowest price point in early 2014 since the crisis of 2008. Since early 2014, real estate prices are rebounding and reached on average 1530€/m² as of June 2017. If you look at prices in general, yes we can talk again about growth but if you compare those to the levels of 2008 or to European real estate prices, you can still find bargains. Furthermore, you surely noticed that most of the prices are lower than the prices of early 2005, as it is the case for Spain when prices were at 1680€ per square meter.
The market in Spain is divided into two groups since 2014: the regions where prices are increasing again: mainly, Barcelona, Madrid and the Balearic Islands and all the other regions where the prices have stabilized or are increasing modestly.
The five regions with prices above the national average are the Basque Country (2397€/m² as of June 2017), the Community of Madrid (2264€/m² as of June 2017), the Balearic Islands (2208€/m² as of June 2017), Catalonia (1834€/m² as of June 2017) and Ceuta and Melilla (1668€/m² as of June 2017).
It is really easy to buy a property in Spain but, because you are not on the ground, because you don’t know the market and because you need to check your property in order to avoid any nasty surprise, we advise you not to do it alone. We are foreigners and Spanish residents who bought properties in Spain and we developed a network of reliable partners in order to assist foreigners in their purchases of a Spanish property.
Don’t forget, if you are buying in Spain as a foreigner, you could have two different motives:
or the two combined. Depending on what is (are) your own motivation (s) your criteria will be different.
Rember our infographic on why people are buying a property in Spain:
So it’s not a surprise to have as the top 4 buying destinations Cities in Spain for foreigners: Alicante, Malaga, Barcelona and Madrid (the exception, but yes it’s the capital and the 3rd biggest city in Europe).
The top Regions where foreigners are buying real estate are the Valencian Community, Andalucia, Catalonia and the Canary and the Balearic Islands. Madrid is the last Region. Have a look at our infographic with the data of 2016. Foreigners bought 77500 properties, i.e. 17% of all the transactions that took place in Spain during the last year.
After those quick reminders on the Spanish market, let’s finally get to the core of our paper: find all resources sorted per city with the evolution of the price per square meter of all the different cities for the last 20 years!
Prices in Almeria remain on average 25% lower than the national average and close the lowest reached since the crisis of 2008.
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Looking for an expert in Spain? Ask us directly!
Senior analyst and strategist at HTBIS
Check the full HTBIS team here
Source: Ministerio de Fomento
The post Everything you ever wanted to know about the top 20 Spanish Cities real estate markets appeared first on How to buy in Spain.
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