How much does it cost to live in Spain?
- The average cost of living in Spain for a month
- How much money are you required to live comfortably in Spain?”
- Property prices for Spain
- Cost of living in Spain vs. the UK
Average monthly cost of living in Spain
Many people ask if the cost of living in Spain is high. Spain is generally not expensive to live in. The good news is that average food prices in Spain, including shopping at the supermarket, dining out, and purchasing beer, are some of the lowest in Europe. What is the cost of living in Spain? The following is the cost of living in Spain according to Numbeo.These items and services are priced in SpainFigures updated June 2021
|Article||Average cost of living in Spain (euros).||Average cost of living in Spain in pounds|
|1 litre of milk||0.79EUR||PS1.68|
|Loaf of bread||0.99EUR||PS0.85|
|Bottle of water (1 litre)||0.62EUR||PS0.53|
|Bottle of mid-range wine||5.00EUR||PS4.30|
|Two-person meal in a mid-range restaurant||40.00EUR||PS34.39|
|Pint of beer||2.50EUR||PS2.15|
|Cappuccino every day||1.65EUR||PS1.42|
|A one-way train ticket or bus ticket||1.40EUR||PS1.20|
|20 packs of cigarettes||5.00EUR||PS4.30|
What amount of money is required to live comfortably in Spain
Spain is one of the most affordable countries in Western Europe. You can live in Spain for less, depending on your lifestyle choices. Renting is a significant expense, even though eating out and purchasing food are cheaper. The OECD Better Life Index estimates that the average Spanish household will spend approximately “22% of their Gross adjusted disposable income for keeping a roof above their heads, which is above the OECD average 20%
According to Numbeo, a student can live in Spain for 1,000 euro per month. The monthly cost of living is 611.84 EUR without rent. According to the same source, the monthly cost of a Spanish family for four is just above 2,000EUR. However, most sources indicate that a household income of around 20,000 euros is sufficient.Retire comfortably in Spain. This will depend on the factors mentioned above.Which part of Spain would you prefer to live? The cost of living in Costa del Sol is much lower than Madrid.
Spain property prices
It all depends on where you live in Spain. There are many factors that influence the cost of renting or buying a house in Spain.Cost of living in Madrid or BarcelonaHigher house prices and a higher cost of living will result in higher prices. But, even if you compare major Spanish cities with other European cities like London, the cost to live is still lower.
You can rent a room in Madrid’s centre for as low as 400 euro per month. This is despite the changing market and falling property prices.
Cost of living in Spain vs. the UK
It is also less expensive to live in Spain than the UK. Numbeo reports that the average price of rent in the UK is 28.79% lower than in Spain. While the cost of living in Spain is lower than in the UK, the average salary in Spain (after taxes) is 1,327.98EUR (PS1,136.29). This compares to the 2,279.66EUR in the United Kingdom (PS1,950.59).