Cost of living in MALAGA, Spain (Costa del Sol) + How much I spend

if you are thinking of moving to a malaga in the south of spain and wonder what the cost of living is like well then this video is for you i will go over exactly how much money i spend what i spend it on and whether or not i'm a good representative in terms of establishing the average cost of living it would be a big help to me if you would consider liking this video and subscribing to the channel thank you if i look at my spending over the past year i have spent an average of 1 162 euros per month in order to give you some context i can tell you that i am 29 years old i live alone in a one bedroom apartment that i bought so i have a mortgage and very important i do not have a car so i get around using either my bicycle or the local train so let's break my budget down into different categories and the biggest category by far is my housing cost in total i spend around 500 euros each month on my mortgage on utilities community fees taxes and so on and here you can see the costs broke down and at the same time i'm gonna give you a small tour of my apartment so my mortgage is around 235 euros per month which is pretty inexpensive in my opinion but i also put almost 50 down when i initially purchased it so the community fees cover a building with a pool which is currently not functioning unfortunately and i do think it is quite expensive to pay 125 per month but it's not uncommon around here one other thing to notice is that electric is very expensive in spain i even feel like i'm not paying as much as i have in the past in similar apartments but be ready to pay quite a lot here this apartment is located more or less 500 meters from the beach in a small town called tormenos which is around 10 to 15 kilometers outside of the center of malaga in terms of renting a one-bedroom apartment in this area or anywhere else on the costa del sol you're probably looking at at least 500 euros unless it is very far away from the beach or in a not so nice neighborhood so that is before utilities so typically including utilities you can end up spending somewhere near six seven hundred euros for a one bedroom apartment but you can be lucky and find something cheaper now i'm not going to enter into a discussion of whether or not it is a good idea to buy property in spain compared to renting but i can say that in this area it can be a bit difficult to find long-term rent since a lot of apartments are used during the summer for airbnb and similar vocational rental the next category we're looking at is food so how much money do i spend on food per month in the south of spain malaga area well i spend around 240 euros per month on food and this includes grocery stores markets and also eating out so spanish supermarkets are relatively inexpensive but if you're looking for something particular like organic produce or exotic foods you will have to find another place to go you either have to find a specialized store or order it online it is worth noting that even though i spent around 240 euros per month on average during the past year it is possible that i would spend more money if there had been no lockdown since eating out has been a bit difficult now the third category i have chosen to call everything else and i'm gonna break it down in a moment so transport and travel covers my bike and its maintenance it also covers train rides and the occasional uber i have netflix i have two phone numbers and internet dental and insurance and finally other expenses such as shopping decorating my apartment and air travel so to sum up this is how i spend my money and having my budget like this made me curious to see what the estimated cost of living is in spain for a single person like me according to the website nobel.com a single person is estimated to spend around 600 euros every month on top of rent incidentally that is also more or less what i spend i know people who spend less money than me on average per month but i also know a lot of people who spend more money it's worth noting that this part of spain is relatively poor and salaries are lower than in other parts of the country but so are or so is the cost of living in most cases let me know in the comments if you have an opinion on what it costs to live in the malaga region and thank you so much for watching until the end of the video bye

Channel: Frii Info

Views: 18,122

Rating: 4.920661 out of 5

Keywords: MALAGA, málaga, sun coast, living costs spain, prices spain, torremolinos, rent prices malaga

Id: lCdtpZCVUSE

Length: 4min 54sec (294 seconds)

Published: Thu Feb 04 2021

Reddit Comments

[u/Melodic-6044]

It's probably accurate for a single person with no dependents. But I have yet to find someone list the cost of living for a family of 5. We moved from Denmark last summer to Valencia and I do not feel Spain is any cheaper than Denmark these days. Sure you can always find small things that differs. But I often see how these COL models use Wine as well as Fruits and vegetables as comparison metrics. Sure I can buy a bottle of wine in Aldi for 0.85 EUR, but the broccoli I buy is just as expensive/cheap in Denmark as here. And they both come from Spain. Given how salaries are depressed here in Spain, I really wonder how people can afford to live in the big houses they have, have at least 2 cars and 3 kids in private schools, which seems to be what many locals have around us. We have 3 boys that are attending a bilingual private school, so that they can keep up their English as well as learn Spanish. All in all with tuition, uniforms and materials, that's roughly EUR 30.000 a year. The school has more than 2000 students and 90% are local Spanish families with an average of 2 kids in the school. With the annual salary in Spain being somewhere around EUR 25.000, I can't figure out how people can talk about how cheap it is to live in Spain compared to other countries in Europe.

[u/iagovar]

It would say it is, but IDK what that to do with this sub.

[u/tecberth]

I can tell you that:

car spent is the same. Mine is 300€/month.

Bills moves from winter to sumer and you will need air conditioner. In winter can expect around 150€ on water-gas-electricity. In summer add 150-200€ on air conditioner.

Food is relatively cheap, more if you buy ingredients instead of processed food. You can eat healthy for 100€, depends on the coirks you buy.

Living costs is the most important thing, pay attention to that and negotiate always. And search, search and research.

With all included I would say minimum is 800€. Then, add the remaining things.