Valencia, the third largest city in Spain, is known for its pleasant climate, rich history, and vibrant cultural life. But how much does it really cost to live in this Mediterranean gem in 2024? Here is a detailed breakdown.
Housing
The cost of housing can vary significantly depending on the location and size of the accommodation. On average, the rent for a furnished 85 m2 flat in the expensive area of the city is €1,290 per month, while in a normal area of the city it is €920. The costs of light, water and electricity for 2 people in an 85m2 flat are €124. If you prefer a furnished 45 m2 studio, the prices are €925 in the expensive area of the city and €664 in a normal area.
Food
Valencian gastronomy is of excellent quality, and the prices in restaurants and bars are not very high. For example, there are cheap places where you can eat with just a 10 euro bill. In supermarkets, the prices of food products are quite affordable. For example, 1 kg of cheese costs €9.98, 1 kg of beef €10.10, and 1 kg of white rice €0.99.
Transport
Valencia is a city very well connected by its public transport system. The single metro ticket costs €1.50 (one zone), while a 10-trip pass will cost you €8. If you prefer to move by taxi, a 10-minute trip can cost you about 11 euros.
Other Expenses
Broadband internet rates have an average cost of 35 euros per month. In Valencia there are cheap gyms and others that are not so much, but on average you will have to set aside about 30 euros to be able to afford the monthly fee.
In summary, the cost of living in Valencia is more expensive than in 71% of cities in Spain, but cheaper than in 76% of cities in Western Europe. The estimated monthly costs for a family of 4 people are €3,295 and for a single person they are €1,676.
Valencia offers a high quality of life at a reasonable cost, making it an attractive living option for both locals and expatriates. However, as always, it is important to do your own research and consider your own needs and budget before making a decision.
Leave a Reply