Cost of living in Spain


Sunny Spain is a considerable part of Europe, which is located between the Bay of Biscay, the Mediterranean Sea and the Atlantic Ocean. Its expansive territory and rich history has attracted a cosmopolitan population to this modern country.

Spain is a long-standing member the European Union and is one of the leading countries in terms of economic development, especially in the field of education and medicine. As such, there is serious interest from foreign investors. Spain is popular among investors from the UK, Germany and Scandinavian countries. They are attracted by the investment opportunities in real estate in Spain and of course they are interested in the cost of living in this wonderful country.

First of all let’s look at prices and wages in Spain; in comparison with Germany, France and the UK, prices in Spain are lower. You can live in Spain for €1,000 a month and this will include the cost of rent. If you become the owner of an apartment or a house, your expenses will be less. Of course, you will have to pay a number of new taxes and spend money on housing maintenance. With an average wage of €2000-€2,500, a home-owner can afford to make savings. The highest cost of living can be found in Catalonia and the capital of the country, Madrid.

As in many European countries, finding a job in Spain is not so easy; a good education can help, and this can be acquired in the oldest and most highly-regarded universities in the country. Spanish diplomas are acknowledged in every country in the world, but for the majority of foreigners it will be difficult at first to get a well-paid job.

Taxes constitute a serious part of wages, up to 40%. However, this is offset by the low cost of everyday goods and services, which as a rule are 20% cheaper than in other European countries, allowing a significant part of the population a high standard of living. One study showed that Spain is second only to France in terms of the quality of life.

 

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