The Cost of Living in Spain

If you decide to rent the prices are going to be high. In a tourist area the prices are typically two and a half to three and a half percent of the value of the home. Buying a home is much cheaper as interest rates start at around three percent.

Utility bills vary depending on usage and what amenities you have. For example, water is metered in Spain and the usual costs is less than twenty dollars a month. However if you have a pool or garden or both the price can be eighty to one hundred dollars a month. Electricity runs about thirteen to fourteen dollars a month plus 9.6 cents per kilowatt hour used. If the home you live in is not well insulated it can be much higher. Gas is about five cents per kilowatt hour, however it is not available in all areas. Taxes are normally low and if you own your home you typically pay less than 350 dollars a year. If you rent landlords generally pay the taxes.

Grocery prices can vary depending on the area you live in and shop. From a typical supermarket prices for milk are 80 cents a litre, a frozen pizza $3.50, meat is pricey ranging from three to five dollars a pound for chicken to six to eight dollars a pound for pork chops. It is less expensive if you prepare your own meals, however you may have to learn to substitute ingredients as all items are not as readily available as they are in the United States. Cars are expensive in Spain, however gasoline and maintenance are cheaper. Gasoline runs about 90 cents a litre and up. Maintenance can be higher if you have a car that requires parts that are not in stock and have to be ordered.

If you are thinking of relocating to Spain, the minimum income to live in shared accommodations would generally be about a thousand to twelve hundred dollars a month. Seventeen hundred dollars a month and more, still sharing housing, will allow you a few more amenities. Generally speaking the cost of living is cheaper in some aspects and higher in others just as it is almost anywhere else you choose to live.

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