How much money do I need to live in Spain for 3 months?

If you are a tourist you must prove to have 3,000€ or 3,100€ per month per person (that is, 100€ per day). Again, that money is enough to live comfortably almost anywhere in Spain. So there you go, that's the minimum money you'll need as a foreigner in Spain, either as a resident or as a tourist.



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The short-stay visa only allows you to reside in Spain for up to 90 days at a time out of every 180 days, or a maximum of around 180 days a year. This is fine if your trips will be no longer than three months at a time, no more than twice a year.

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You can stay in Spain for a maximum of 183 days per year (6 months) in order to not become a resident. If you spend an extra day (184 days and onwards), you will be regarded as a resident, hence paying resident taxes in the country.

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Spaniards earn USD 37 922 per year on average, less than the OECD average of USD 49 165. Another essential factor of employment quality is job security, in terms of expected loss of earnings when someone becomes unemployed.

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Overall, total living costs in Spain are an incredible 21% cheaper than in the UK. This represents the average for the whole country, and depending on exactly where you are relocating from and to, this could be even higher.

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Prison sentences – Staying in Spain for over 90 days in any 180 days without a valid visa can result in jail time. Depending on how long you overstay your welcome, you could be sentenced to 6-12 months in prison.

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The 90-day rule This rule simply states that you can live in Spain without residency for a maximum of 90 days. After those 3 months, you need to either obtain a residence permit, or leave the country.

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The Ministry also points out that travellers are eligible to prove they have the required financial means through cash or by presenting certified checks, traveller's checks, payment letters, or credit cards, “which must be accompanied by the bank account statement or an up-to-date bank book.” Other means that reliably ...

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You do not need to invest in the Spanish economy, but you must be able to show evidence of self-sufficiency to be eligible for the visa. The minimum amount is 400% of Spain's Public Multiple Effects Income Indicator (IPREM). This is about 27,792.96 euros.

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