What is the cheapest island to live in Spain?

Overall, it is cheaper to live in Las Palmas de Gran Canaria when compared to other Spanish cities. If you compare the cost of living in Barcelona vs. Las Palmas, you will find much cheaper rent and property prices. In reality, the Canary Islands cost of living is not as high as many people think.



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Murcia isn't only one of the most affordable cities to live in Spain, it's one of the most affordable on the whole Mediterranean coast. Finding reasonable accommodation in Spain is always essential for keeping costs down. And Murcia offers really cheap places to stay in Spain.

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Alicante, cheapest place to live in Spain by the sea If you are interested in living in a cheap city to live at the coast, home to some great beaches, Alicante is ideal for you. Though the city is small but is an excellent option for coastal getaways.

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Some popular regions for budget-friendly property include Andalusia, Murcia, and Castile-La Mancha, amongst others. In these areas, you can find houses and apartments for sale at prices that are significantly lower than in more expensive areas such as Madrid, Barcelona or the Balearic Islands.

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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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The Spanish village of Rubia in Galicia will pay expats up to €150 a month to live there. The scheme is targeted at families with the hope of increasing student numbers at local schools. Rubia is located in northwest Spain, 2.5 hours' drive east of Santiago de Compostela.

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Both France and Spain are popular travel destinations in Western Europe. In general, Spain is a more affordable place to visit than France, with accommodation, food, and entertainment prices all costing significantly less.

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The Best Places to Retire in Spain
  • Costa del Sol: One of the best places to retire in Spain.
  • Valencia & The Costa Blanca.
  • Balearic Islands: No longer just for parties and tourists.
  • Canary Islands: A unique option, but still one of the best places to retire in Spain.
  • Costa Brava: Retiring in Spain on the Catalan coast.


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Housing, food, and transportation are much more affordable on the islands. While some tourist areas are more expensive than others, overall, it is a very affordable place to live. Overall, it is cheaper to live in Las Palmas de Gran Canaria when compared to other Spanish cities.

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Our Top 10 Best Places to Live in Spain Near the Sea
  • Marbella, Costa Del Sol. ...
  • Palma, Mallorca. ...
  • Portals Nous, Mallorca. ...
  • Puerto Andratx, Mallorca. ...
  • Puerto Banús, Costa del Sol. ...
  • San Antonio, Ibiza. ...
  • Santa Eulalia, Ibiza. ...
  • Sierra Blanca, Marbella.


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Madrid – The Art and Culture Capital Similar to Barcelona, Madrid is big on culture and boasts a massive expat population.

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Best places to live in Spain: the verdict
  • San Sebastián: best for food and drink.
  • Frigiliana: best for rural escapes.
  • Marbella: best for families.
  • Toledo: best for affordable property.
  • Barcelona: best for culture.
  • The Canary Islands: best for climate.
  • Madrid: best for career opportunities.


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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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With an average salary of €2,250 per month, you'll find that Spain is really as affordable as everyone says. 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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We recommend budgeting between 800€-1500€ per month to live comfortably in Spain.

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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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The Bank of Spain predicts a return of 10% for the Spanish real estate market in 2023. In layperson's terms, buying property in Spain is considered a safe investment. It's highly unlikely that you'll lose any money if you take the plunge – provided you seek expert guidance and support throughout the buying process.

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