Is Spain cheaper than the rest of Europe?

Is it expensive to live in Spain? No, it is not expensive to live in Spain, if you compare its prices with those of other European countries. Although we find several differences within its regions, many foreigners enjoy the country as they can have access to food and leisure at a really low price.



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Italy vs Spain: cost To stretch your travel budget, Spain is typically slightly more affordable than Italy, even in expensive cities like Madrid.

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In general, Spain is a bit more affordable than Italy, but deals can be found in both countries. Both Italy and Spain have a lot to offer visitors. Each country has its own culture and history, which can be explored through the many sights, attractions, and destinations.

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For budget travelers, you can expect to spend around $50 to $70 per day in Spain, while mid-range travelers can expect to spend around $100 to $150 per day. It's important to plan ahead and research activities and costs to create a budget that works for you.

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In fact, Italy is the 4th cheapest country in Western Europe. So how much does it cost to live in Italy? To answer this question, let's take a quick look at the average basic living expenses in Italy per month. Based on this, we can say that the average cost of living in Italy per month is around €1,600 (US$1,730).

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Is Italy cheap or expensive? Italy is generally considered to be an expensive destination for travelers. Bigger cities, such as Rome and Milan, can be especially costly in comparison to other areas of Europe. Staying in budget hotels can be costly, with nightly rates often starting at €60 or more.

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People in Spain earn 480 euros less per month on average than their European neighbours or, 5,760 euros less each year, the data shows. But there are still 15 countries with lower average salaries than Spain, and 11 with higher remuneration, including the major European powers such as Italy, France and Germany.

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With its towering cliffs, the Italian Coast is best suited for hiking, walking and exploring its colorful towns. Swimming beaches exist, but they are small. In contrast, Spanish beaches, like those on the sunny Costa del Sol or near San Sebastian, are usually wider, sandier and better for swimming and sunbathing.

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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.

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While the cost of living can vary depending on location and personal preferences, Portugal tends to be slightly cheaper than Spain for accommodation, food, and transportation. Both countries offer beautiful scenery, rich culture, and delicious food, making them great destinations for travelers on a budget.

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Is €1,000 enough to live in Spain per month? Yes, it is possible to live in Spain with 1,000 euros a month, as the minimum wage is 1,080 euros. However, the freedom and comfort you will have with around 1,000 euros a month will depend on the city you will live in.

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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.

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The reason behind that? According to OECD data, the income per capita in Spain is 3.000 USD lower than the average OECD level (around € 28.800). Having a lower average salary, combined with an unemployment rate higher than the rest of Europe, makes it clearer why the current price levels are relatively low.

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Germany, Italy and Spain tied in second place, with their citizens being able to visit 190 global destinations. Japan, which topped the list last year, slipped to third place — its passport allowing visa-free access to 189 destinations, down from 193 in 2022.

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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.

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If you ask locals “Do you tip in Italy?”, they'll explain that while they sometimes leave a small tip, it's generally not necessary. In Italy, gratuity (or una mancia, pronounced oo-nah MAN-chah) is considered a bonus for exceptional service. And it's not often that you'll find a tip jar at a register.

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Summer (June – August) is peak season in Italy. Peak season, particularly the months of July and August (and even extending into the first two weeks of September), is generally considered a very busy and expensive time to visit Italy's cities and major tourist areas like the Amalfi Coast and Cinque Terre.

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