There are multiple reasons why Spain is such a popular destination with expats. Warm year-round weather, good cuisine, and a well-developed healthcare system are just a few. Despite its high standards of living, the cost of living in Spain is fairly low. As a matter of fact, it tends to be one of the cheapest countries in Western Europe.
Cost of living in Spain vs. World Cities
In general, the cost of living in Spanish cities is much less than in other big cities such as London, New York, or Los Angeles. Below you will find a table comparing the cost of living in some Spanish cities with other cities around the world.
Real Estate Cost in Spain
Keeping in with the low cost of living in Spain, the real estate market there is very affordable. If you move to Spain, you might want to rent or buy property in the country. We will give you a detailed account of the real estate prices in this section.
The prices of renting or buying depend heavily on the location you choose. Madrid and Barcelona will, of course, be much more expensive than Alicante, Valencia or seville, for example.
1.Madrid 马德里 立即咨询>>
Madrid is one of the most common places to live in Spain amongst expats. There is a little bit of a dispute among real estate experts whether Madrid or Barcelona is the most expensive city in Spain. They are both large, vibrant cities filled with universities, cultural activities, active night-life, and expats.
The average rental prices of a one-bedroom apartment in Madrid’s center is€956. Outside of the city center, a one-bedroom apartment costs €716on average.
The rent for a three-bedroom apartment,which is good for a small family, in Madrid’s city center costs about€1,683. If you move a bit outside of the center, then the rent for a three-bedroom apartment would cost about €1,174.
Barcelona is the second-largest city in Spain and a strong competitor for the most preferable place to live. It is a cultural hub and is the proud owner of the works of the well-known architect Antoni Gaudí. This city has a very active nightlife and is home to many of the world’s top universities.
As for rents, a one-bedroom apartment in Barcelona’s city center should cost about€930. Outside of the city center, you can find a one-bedroom apartment for around €726.
For larger three-bedroom accommodation, expect to pay€1,508per month in the city center. Where outside of the city center, the rent for a three-bedroom apartment would be €1,100.
Valencia is has a classic “college town” vibe. It is a small city good for taking walks within massive parks. and it is very family-friendly.
Rents in Valencia are very affordable with a one-bedroom apartment in the city-center costing a meager€751. Outside of the city center, you will easily be able to rent a one-bedroom apartment for €510.
If you would like larger three-bedroom accommodation, you can rent one for about€1,100in the city center. That number goes down to €745($880) for a three-bedroom apartment outside of the city center.
4.Seville 塞维利亚 立即咨询>>
Seville is the capital of the Andalusia region. It is famous for being home to the Gothic Seville Cathedral, which houses the tomb of Christopher Columbus. It is also one of the least expensive cities in Spain.
You will find that rentals in Seville are really cheap. The cost of renting a one-bedroom in the city center is just€625. Outside of the city center, you can find a one-bedroom apartment for just €445.
As for the rental of three-bedroom accommodation, expect to pay€1,000in the city center. Outside of the city center, you can find a three-bedroom apartment for as low as €680.
Property Prices in Spain
Many expats choose to buy property, especially if they plan on living in Spain long-term. The Spanish government has very little restrictions on foreigners who want to buy property there. In the big cities, you may need to pay about€3000-5000 ($3,500-5,900)per m². These are very competitive considering that they are in Western Europe. If you look in smaller cities you can find much more affordable properties. Below is a table with the average property prices in various cities in Spain: