Record Inflation: The actual Cost of Living in Spain

31st October 2022

Last update:  October 31, 2022 First published: July 19, 2019


Inflation figures in Europe have been extremely high over the past 12 months. Several countries have reported above 10% year-on-year inflation rates.  Spain is not any different.Question today is: How much does it cost me to live comfortably in Spain?  
Prices have historically been low in Spain, especially when compared with Northern-European countries´ price levels.

Did you know that around around 751.000 expats permanenty live on the Costa Blanca? The area is considered one of the best regions in Europe to live, not only due to the mild climate, connections by air and road with the rest of the continent, but also because of the excellent health care services offered and of course the very affordable cost of living a comfortable and easy life.
If you’re thinking about relocating to sunny Spain, we’ve highlighted some general costs you may encounter while living there. Let’s look at what the cost of living in Spain is.

Whether you’re retiring, temporarily moving to Spain or relocating here for a new life, the cost of living in Spain is a crucial element to consider. Out of the whole of Western Europe, Spain is one of the cheapest places to call home. In this overview we will show you that even with a high inflation rate the Spain is still very affordable compared to the rest of Europe.
The cost of living in Spain varies dramatically based on where you choose to live. For example, places such as Madrid, Barcelona and San Sebastian are some of the most expensive places to live. 

The Costa Blanca is a very popular destination for expats from Northern Europe and actually from all around the world, mainly due to the very good roads, fantastic daily connections by plane to the rest of Europe and the world, its climate and of course the low cost of living! nardia real estate agency are an estate agency in Altea on the Costa Blanca, so we’ll use our region to look at the cost of living in Spain.

House Prices in Spain
At nardia real estate agency we have houses and apartments for sale on the entire Costa Blanca, Costa Calida and also on the Costa de Almeria in portfolio! Depending on your preference and Budget, we will find exactly the house that meets your wishes!

On our website you can search for example for villa for sale in Altea, apartments for sale in Benidorm, villa with pool in Javea or villa for sale in Moraira. We offer a very wide portfolio and also offer inspection trips to view new construction objects for 2 or 3 days. We are your local real estate agent on the Costa Blanca and Costa Cálida.

If you are not sure if we are the right agent for you, have a look at our testimonials and read what others say about our services.

The beautiful Mediterranean villas with mature garden and private swimming pool in Altea and Calpe are timeless, also our luxury villa Moraira and modern villa in Javea on the Costa Blanca North are highly sought after by our international clients. The coastal towns on the Costa Blanca can be easily reached from the various airport and have excellent facilities. Keep in mind that some places can be very quiet in the winter.

Our Luxury Collection of top of the range villas you can see here

View our selection of villas with swimming pool on the Costa Blanca North here.

Newly built modern villas with private swimming pools are still for sale at prices from 210,000 euros + taxes.
Penthouse apartments with large roof terrace less than 10 minutes by car from the sandy beach are available from around 210,000 euros + taxes. At nardia real estate agency you can for example, you can also find a new two-bedroom apartment on the Costa Blanca South for approximately € 150,000 + taxes.

View our selection of new-build villas and apartments here (with the newest offer on top. You can also sort by price).
And when you factor in that fact that you get the famous Spanish sunshine and a glorious coastline all for free, we’d put our bets on a property in the Costa Blanca coming up trumps.

Find out more about 
Buying a home in Spain? The investment process in 5 steps.

Utility Bills in Spain
Your basic utility bills in Spain, such as electricity, water and heating, still come in at a cheaper monthly cost compared to other European countries. On average, your monthly utility bills could be around  125,- euros for electricity and 50,- euros for water supply for a household with 3 people, though this does entirely depend on how many people are living in the property and lifestyle choices too.  A family with 3 children would spent anywhere between 190,- euros and 230,- euros per month on electricity (in a property with no gas) and around 90,- euro on water bills.

Internet connection
Did you know that 95% of Spanish households have access to fixed broadband internet and optic fiber coverage is over 87%.
There are various service providers and prices for optic fiber start from 29,95 euros p/ month.

Everyday Essentials
1 Litre of Milk - €0.96
A loaf of Fresh White Bread - €1,20
1.5 Litre of Bottled Water - €0.22
Cinema Trip (1 Ticket) - €7.00
1kg of Apples - €1.69
Cappuccino in a bar - €1.50
Cappucino in a sea front bar (chiringuito) €1.50
Espresso in a bar €1.30
Espresso in a sea front bar (chiringuito)  €1.30
Bottle of Wine in a supermarket- €5.00)
Bottle of Wine in a restaurant on the sea front    € 15.00
Gym Membership (Monthly) - €30,-
Petrol - €1.78 per Litre  
Heineken Beer can in a supermarket  - €0,74
Heineken draft beer in a sea front restaurant € 2.50

Haircut (him)  €13,-
Haircut (her)   €23,-   + coloring  €20,- 

Golf  &  
Green fees:
Villaitana Golf Benidorm  50,- euros   (Poniente course)
Don Cayo Golf Altea   58,- euros  (2x 9 holes)
Annual fees:
Campo de Golf Villamartin  867,90 euros

check out our article about the many golf courses on the Costa Blanca.

View our selection of villas with swimming pool on the Costa Blanca North here.

The Cost of Eating Out

Nice food is easy to find in Spain. There are many options for a typical Spanish tapas bar, restaurants or luxury cuisine. The cost of eating out in obviously depends on whether you’re looking to treat yourself to some tapas an wine or enjoy a more sophisticated romantic meal for two in a high-class restaurant. Even today in most cases, a 3 course meal at an inexpensive bar/restaurant can cost around €10. Lunch menu are still available for 8,- euros including a starter, main course and coffee or a desert. 
If you’re wanting a 3-course dinner for two in a mid-range establishment, it will cost you around 40,- euros and an excellent class sea front restaurant would be available from 80,- euros, including wine.

Finding Your Perfect Spanish Property

When buying a property - no matter where it is - it’s imperative that you weigh up the cost of living. If you’ve done your calculations and have decided to change to a comfortable life on the Costa Blanca, we can help you! We even have some tools to make your property search easier.

With nardia real estate agency, you can use our property search facility to assist with finding the perfect Spanish property. You can select your preferred property type, required number of bedrooms and budget to narrow down your search. Here are some of the most popular searches completed on our website.

Here are some of the most popular searches completed on our website:


Luxury Collection villas for sale 

Properties for Sale in Costa Blanca North

Properties for Sale in Altea

Villas for Sale in Spain

Apartments for Sale in Spain

Our Brand new villas and apartments


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