March 8, 2022
Life in Spain is wonderful and offers a host of benefits, but how does the cost of living in Spain compare to other countries in Europe and around the world? We take a look at the average price of rent, food, transport, and salaries in our blog post.
Cost of Living in Spain: Rent
The global rise of co-living solutions and short-term holiday leases, coupled with the lax regulation to keep them under control, has caused a spike in rental prices in the majority of major cities across the globe. According to a recently published study based on data from the most popular real estate portals in Spain, Spaniards spend on average 43% of their income on rent. In terms of cost, the study reports that the average price of a residential rental property in Spain ranges between 1000€ and 1600€ depending on the city and the type of house. As you can see, renting a home has become a real headache for Spaniards. But how do these figures shape up against other cities in neighbouring countries?
London: In 2023, rents have decreased, although not significantly. The average rent there is around £1500 per month.
Lisbon: The Portuguese capital, a somewhat cheaper destination for the rest of Europeans, has also seen an increase in the price of its rents for permanent housing. The cheapest rent there is around €700.
Average Cost of Living in Spain: Transport
Whether it means taking the metro to work or a train at the weekend to visit a hidden gem in the outskirts of the city, public transport is, on the whole, a must when it comes to life in Spain. In Madrid, the average cost of a monthly metro pass is €25. This price includes a general discount of 60% on city transport passes, valid until December 2023. Likewise, discounts are also applied in Barcelona metro; you can see the current fares here.
In general, the cost of public transport in Spain fairs well in comparison with other major cities around the world. In Stockholm (Sweden), for example, an inner city 30-day travel pass for the subway/bus is around 70-80€.
On the other hand, a weekly London Underground season ticket costs between £40 and £70, depending on the zone.
Cost of Living in Spain: Food
Average Cost of Living in Spain: Salaries
Tips for moving to Spain
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