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What a Foreigner Needs to Know About the Standard of Living in Spain

By: Author Jeff Campbell

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Categories Guest Posts

Are you going to move to Spain? In that case, you should know the standard of living in this country. The source http://spain-real.estate/ will describe the average cost of living in Spain and which cities are considered the most attractive in terms of well-being.

The general standard of living and expenses in Spain

Spain is a popular tourist and migration destination. The country’s location on the Mediterranean coast, rich cultural heritage, affordable prices, and sunny climate make it unique and incredibly attractive for those who want to change their place of life and, for example, purchase a property in Valencia.

The cost of living in Spain

The International Organization for Economic Cooperation and Development (OECD) has a mixed picture of the Spanish life index. Despite the high level of well-being, the quality of housing, health care, security, and the optimal balance between work and life, Spain still lags in terms of employment, income, the environment, and education.

Mercer, an international consulting company in human resources and management, calls Barcelona the best Spanish city in quality of life. Although Madrid ranks 43rd on the list, it is lower than London but ahead of New York. Madrid ranks 46th.

According to household reports, in 2020, expenses for necessary needs amounted to €2,250 per month. In 2021, a two-person family spends an average of €2,500.

The standard of living in Madrid

The Spanish capital ranks 67th in Mercer’s Cost of Living survey for 2021. It is cheaper to live here than in Berlin or London.

Comparison of the cost of living in Madrid with other cities in the world:

  • 53% lower than in New York;
  • 43% lower than in London;
  • 40% lower than in Los Angeles.

The standard of living in Barcelona

The standard of living in Barcelona is lower than in London. The city ranks 84th among the most comfortable cities for living.

Comparison of the cost of living in Barcelona with other cities in the world:

  • 51% lower than in New York;
  • 41% lower than in London;
  • 37% lower than in Los Angeles.

The standard of living in Valencia

Valencia is the third-largest city in Spain, with a population of 800,215. It has a rich historical center and picturesque coastal areas.

Despite this, the cost of living in Valencia is lower than in Madrid and Barcelona:

  • 61% lower than in New York;
  • 52% lower than in London;
  • 49% lower than in Los Angeles.

Purchasing a property in Spain

Are you planning to spend a vacation or stay in Spain? Start searching for your dream home on Spain-Real.Estate. Here you will find offers from proven developers and homeowners at attractive prices. You can get detailed information about buying and selling properties in Spain from the company manager at Spain-Real.Estate.

Jeff Campbell
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