Have you planned to fly to Spain? Yes, then your first step should be to research the cost of living in Spain. Fortunately, you don’t need to do that because we have already come up with a detailed structure of the average cost of living in Spain. Spain, officially the Kingdom of Spain, is mainly located in southwestern Europe and partially in the Atlantic Ocean. The country is extremely popular for its food, dance, Flamenco music, horse riding, architecture, siesta, bullfights, Moorish heritage, islands, and many more to list down. When you visit Spain, then you may experience all these attractions. Let’s get to know the cost of living in Spain.
What Is The Cost Of Living In Spain?
The cost of living in Spain is the lowest in Western Europe. Except for rent or mortgage payments, everything here in Spain is inexpensive because a house or rental apartment depends upon your lifestyle. If you like a big house full of furniture then you need to pay extra. But, there are also affordable houses for those who earn less. In Spain, food is very affordable because of the warm climate, and also the country is the producer of a variety of fruits and vegetables both for domestic consumption and for export. The table given below will give you the cost of living in Spain vs USA.
|Cost Of Living For
From the table it is clear that the cost of living in Spain is 123% less than the cost of living in the USA.
The good news for those whose earnings are limited, is that the price of housing rental in Spain has fallen by 3.8% during the 12 months of the year 2020. The cost of living in Spain per month is greatly affected by the cost of house or house rent. But, now you can save some money. When you visit Spain, then you will find that the cost of rent is different in different cities in the country. For instance, renting a house or apartment in Madrid will likely be much more expensive than renting the same-sized place in Cuenca. Here is the table showing you the approximate cost of rent in different cities in Spain, including the cost of living in Madrid Spain.
|Approx 1 Bedroom Rent
|Approx 2 Bedroom Rent
While making a monthly expenditure, most people do not consider the daily costs of buying food or going out to eat at a restaurant. As they seem infrequent and do not seem to add up. In Spain, the cost of food is affordable. A loaf of bread will cost you around 0.94 EUR and cheese 1 kg will cost 8.85 EUR. Here, we have given you the distribution of the cost of food in different cities in Spain, including the cost of living in Malaga Spain.
|Approx Dinner Cost For 2
While talking about the travel cost, it will affect the cost of living in Spain for international students because most local people have their own vehicle but international students mostly prefer public transports. In Spain, the cost of transportation is low, costing about 1.54 EUR for a trip if you take public transportation. For international students, a monthly pass can help save some amounts of money.
Let’s know some other expenses like utility bills, health care costs, internet and entertainment cost, etc, in detail.
Health care cost also contributes to the monthly cost of living in Spain. Fortunately, the healthcare system of Spain is not the most advanced globally, and you can expect doctors to use the latest technology and state-of-the-art equipment. Primary healthcare is supported by the government so everyone has access to it.
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The cost of living in Spain for a family is greatly affected due to the cost of utility bills. In Spain, a monthly utility bill is about 110 EUR, including the cost of heating, electricity, garbage collection, water, and internet bills.
In Spain, the cost of the internet varies between 15 EUR to 35 EUR per month for broadband service and between 17 EUR and 21 EUR for phone line rental per month.
According to the Price Ranking by Country of Fitness Club, the monthly fee for one adult, In Spain one person spends $40.13 per month on fitness. With this cost, Spain holds the 40th position.
Entertainment will add up to the cost of living in Spain for single person. But, if you wish to save some money for entertainment, then you can go for that. Because there are tons of free things to do in Spain like parks, forests, and outdoor activities.
In Spain, no residents pay a flat tax rate of 24% or 19% on their income generated. Residents pay taxes that are progressive in nature.
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How Much Money Do You Need To Live Comfortably In Spain?
How Much Does It Cost to Live in Spain? Well, expats who move to Spain will see that you need between €2,000-2,200 a month to live comfortably in a big city. However, in a smaller city, you will need a more modest €1,700-1,900 a month.
Is It Cheaper To Live In Spain Than The US?
How cheap, you might ask? According to Expatistan’s cost of living calculator, it’s 27% more expensive to live in the United States than it is to live in Spain. If you want to get more specific and compare cities, San Francisco is a whopping 72% more expensive than Madrid.
Does Spain Have Free Healthcare?
Spanish healthcare is established widely throughout the country. It is public, free, and available to every Spanish resident. People who work pay monthly social security contributions to uphold the public healthcare system.
Is Living In Spain Worth It?
Living in Spain means having access to a great local and expat community, cheaper cost of living, and incredible places and food. Besides that, there’re loads of practical advantages and benefits that make moving to Spain incredibly worth it.
What Is The Monthly Cost Of Living In Spain?
Family of four estimated monthly costs are 2,483.2$ (2,323.2€) without rent. A single person estimated monthly costs are 710.1$ (664.4€) without rent. Cost of living in Spain is, on average, 30.4% lower than in United States. Rent in Spain is, on average, 54.1% lower than in United States.
What Is Spain Famous For Culture?
Spain is famous around the world for Flamenco music and dance, bullfights, fantastic beaches, and lots of sunshine. But what people sometimes forget is that Spain has been one of the cultural centers of Europe for thousands of years. Spain has an extraordinary artistic heritage.
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After reading this article you gotta know everything about the cost of living in Spain. All in all, the average cost of living in the country per month is at least 20% less than living in other countries in the European continent. By Planning in advance, you can feel secure to live comfortably while attending universities in Spain, if you want to study abroad. This was all about the cost of living in Spain.
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