The cost of living in Costa Blanca, Spain, can vary depending on your lifestyle, location within the region, and personal preferences. Generally, Costa Blanca is known for offering a more affordable cost of living compared to many other European destinations. Here’s an overview of some typical expenses:
- Housing: Rental prices vary significantly depending on the town or city you choose to live in and the type of accommodation you prefer. In smaller towns or inland areas, you can find more affordable housing options. On average, you might spend anywhere from €500 to €1,500 per month for rent, with prices higher in coastal and urban areas.
- Utilities: Utility costs, including electricity, water, heating, and cooling, can vary but typically range from €100 to €200 per month for a standard-sized apartment.
- Groceries: The cost of groceries is generally reasonable, with supermarkets offering a wide range of affordable options. A monthly grocery bill for a single person might range from €150 to €300, depending on your eating habits and whether you dine out frequently.
- Dining Out: Dining out is relatively affordable in Costa Blanca. A meal at an inexpensive restaurant can cost around €10 to €15, while a three-course meal at a mid-range restaurant might cost between €25 and €40 per person.
- Transportation: The cost of public transportation is relatively low, with buses and trams serving most towns and cities. A monthly public transportation pass might cost around €40 to €50. If you own a car, fuel prices are reasonable in comaprison to other European countries.
- Healthcare: Spain has a publicly funded healthcare system, and residents have access to affordable healthcare services. Many expats also opt for private health insurance, which can vary widely in price depending on your age and coverage preferences.
- Entertainment and Leisure: There are plenty of affordable or even free entertainment options in Costa Blanca, including outdoor activities, beaches, and cultural events. Prices for movies, theater, and nightlife can vary, but they are generally quite reasonable.
- Education: If you have school-age children and opt for international or private schools, tuition fees can be a significant expense. However, public education in Spain is free.
- Taxes: Spain has various taxes, including income tax (IRP or IRNR), property tax (IBI), and value-added tax (IVA). The rates and amounts you pay will depend on your resident status, level of income, property ownership, and spending habits.
It’s important to note that the cost of living in Costa Blanca can be significantly lower if you choose to live in smaller towns or inland areas as opposed to major coastal cities like Valencia, Alicante or Benidorm. Additionally, your lifestyle choices and spending habits will play a significant role in determining your overall expenses. It’s advisable to create a budget based on your specific circumstances and research local costs before moving to the region. Please get in Contact with SUN SEA LIFE Independent Property Advisers – we’ll be very glad to talk to you, pass on our personal experience and expertise and assist your specific circumstances and requirements.