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.
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If you're by yourself, you can live on €1,000 per month in Spain. This includes room rent, groceries, health insurance, rare use of public transport, eating out a few times a month and shopping moderately.
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.
In calculating the proof of income for non-lucrative residency, you must have an annual income of 400% of IPREM in your bank account. The IPREM for 2023 is €600 per month. Therefore, as an individual, you will need to have €2,400 as a regular guaranteed monthly income or a yearly income of €28,800.
The cheapest time to visit Spain is usually from December to March, though you can also enjoy affordable flights and hotels in early spring and late autumn. The winter months see many vibrant markets and activities dedicated to annual celebrations such as Christmas, Carnival, and New Year's Eve.
Cartagena, MurciaCartagena is on the coast of Murcia and is one of the cheapest coastal towns to live in. It has some of the least built-up and wildest beaches in Spain. It is an ancient city whose streets and monuments preserve the memory of its rich historical past.
Considering the average cost of living in Spain, a good monthly net salary for a comfortable life in Spain is €2,700 for a single person or €4,000 for someone supporting their family.
If we set different income thresholds in each autonomous community region, taking account of the differing income levels, middle-class individuals in Spain have an income of between 7,750 and 39,000 euros, with an average of 18,100 euros.
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.