2021 marks a pivotal point in the life of many people around the world. Since the vaccination started, most individuals started moving around looking for new adventures. Are your upcoming trips taking you to the beautiful landscapes of Spain?
If the answer is yes, you’ve come to the right place because we are about to break down just how much you need to live there. Go grab a pen and paper, because here we go!
Is living in Spain expensive?
The cost of living in Spain is a little below the average for Europe. Indeed, if you go grocery shopping at a Spanish supermarket you’ll find prices beating those of your own country in most cases. Although this is not the only factor to calculate the cost of living, it is a major indicator with a cascading effect over others.
So, to answer the title question, the answer is no. Plus, depending on where you come from, you might even find Spain to be more affordable than your country of origin.
Let´s take a look at some pricing examples so you can do your own calculation.
- A loaf of bread – 0.99€
- A bottle of 1.5 liters of water – 0.62€
- Pint of beer – 2.50€
- Cappuccino – 1.65€
- A one-way ticket by train or bus – 1.40€
According to these prices, the cost of living in Spain is quite affordable when compared to neighboring countries.
What about properties?
Living, for most people, doesn’t only include paying for food and beverages, but also for a roof over their heads. In this sense, and according to the OECD Better Life Index, the average a Spanish household spends on rent is 22%. This means that the cost of renting is above the average the organism set for the continent, which is 20%.
That being said, Spanish property prices (buying and renting) are more affordable than those in London, Paris, and such.
How much do you need to live comfortably?
So, taking into consideration the amount of money needed for renting and living, as a student, you can make a living as a “mileurista”. That is what Spanish people call those with a wage of around 1,000€.
When talking about a four-piece family, you could potentially make a decent living in Spain with around 2,000€.
This number will differ depending on the part of the country you decide to spend your time in. For example, it is more expensive to stay at the country’s capital and its second-largest city (Madrid and Barcelona) than in the countryside.
In the same vein, if you go for a picturesque, paradise on Earth spots like Denia, Javea, and such, you’ll be paying a tad more because of the breathtaking views you’ll get every morning. On the other hand, if you live in a small, secluded, non-touristic destination, prices drop drastically.
According to the latest information from most sources, earning 20,000€ a year, you could make a good living in Spain. Again, depending on the city and the kind of property you choose.
Moving to Spain is a wise choice. The country offers a great variety of landscapes, climate, scenery, and activities that can bring a new meaning to your life. Furthermore, Spain is a favorite among retired people because of the pleasant weather and the outstanding views.
If these numbers are in line with your economy, you shouldn´t pass on the opportunity to spend a season in Spain. Life is too short to look at the Mediterranean Sea from the screen of a computer; move to Spain and make it an everyday experience.