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Cost of living in MALAGA, Spain (Costa del Sol) + How much I spend
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- เผยแพร่เมื่อ 18 ส.ค. 2024
- The price of life in Malaga - I show you how much I spend and on what.
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I myself have moved around quite a bit. Before considering to move somewhere, it is almost always essential to know what it costs to live there. Therefore I have examined the cost of living (where I currently live) in Malaga, Costa del Sol, Spain. Specifically, I live in a town around 10 km from the center of Malaga named Torremolinos. A very sunny area of Europe!
I spend a total of 1,162 € on average over the past 12 months. In dollars, that is around 1,390 $.
I explain the following categories:
Housing cost (in my case mortgage + utilities, community fee, property tax etc)
Food (groceries + eating out)
Transport (biking + train)
... and everything else!
I live in a 1 bedroom apartment with a terrace around 500 meters from the beach.
I have lived in a big house with pool and garden in the Almeria province, in a small village 40 km from the sea.
It is cheap and the quality of life is excellent if you appreciate calm and pure air, but we are retired 👨🏻🦳👵🏼
What s the name of the village
Yes what is the name of the village please? I am thinking of moving to Spain to work as I have had enough of the UK. I would be interested in hearing more from you re life in Spain 😊
Thank you for this realistic estimate
Living in the costa del sol is a privilege I enjoy in Benalmadena because of the promenade to puerto marina, all its affordable restaurants, nice parc and cheap transport
Hey guys - grab a copy of Lonely Planet's guide to Spain:
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Thank you. I like how clear and concise your video was. No hype, and you didn't take forever to explain each category.
You're the only TH-camr who gets into the figures straight away! Well done! This is what I was looking for.
Thank you, very good to hear that it is useful :)
I plan on moving there with my American salary (I have my own business based in the US) which is about $80K a year. My Spanish friends cannot believe it. They needed to see a paystub because almost no one gets paid that kind of salary in Malaga.
Obviously, $80K for a family of three and 2 dogs isn’t exactly a fortune but I think we will be in pretty good shape once we move to Spain
Just don't jack up the prices of local housing when you move, and everything is going to be fine.
@@majdavojnikovic I wouldn’t have control over that. I only plan on buying one house only :)
Well it's a fortune in Spain, Portugal, Greece,Italy Eastern Europe and even in France. So most of Europe actually.
I agree. I also bought my place in Torremolinos for the same reasons
Nice analysis!
That electricity bill it's a bit expensive for a one bedroom apartment. I expend around 35€/month on a 4 bedroom apartment with 4 people. Be sure to adjust the contracted power (KW) to what you really use (it is useful to check electricity delivery company (usually Endesa Distribuidora Eléctrica on Andalucía)), and to contract PVPC rate with a regulated electricity marketer (all share the same rates) such as Energía XXI or Curenergia. Make sure you select time discrimination 2DHA which is cheaper (even more if you voluntarily move some electricity consumption to nights and mornings).
Also, mortgages now are cheaper than ever and you can change banks easily, please check it out!
Thanks for the tip regarding electricity! About the mortgage: I got a deal through my Danish bank (I am originally from Denmark), 1% interest and I don't expect any Spanish banks to be able to beat that at the moment. At least when I was asking around for a mortgage back when I bought the apartment, all the offers were crazy expensive and required all sorts of insurance deals on top...
@@FriiInfo Oh nice about the mortgage! I have just changed to that interest rate, but some insurance is required, not a crazy amount but not ideal (none :p).
Thank you for sharing 🙏
Probably you could save some money if you moved to another place: a less touristy place or city, around Sevilla or deeper into Andalusia, nearby Cordoba. Also Almeria is so much cheaper and has good connection flights with Northern Europe
That is probably true! But I am not really planning on moving, that is also expensive. And compared to where I come from, living here is cheap :)
If I choose to move it will be to a different country with lower taxes 🌟
@@FriiInfo how about Portugal? I read somewhere it has indeed lower taxes than Spain. I was in Lisboa and Oporto, both great cities for nomads to live in but never tried to live longer than 3 months. I live in the Netherlands, taxes are here very high but if your income is low you get a lot, a lot of benefits. And if you're a freelancer too, I noticed since I'm a freelancer how low the taxes are here for us. The bad thing here is the weather, like in the UK. And the tasteless food too.
You live in Benidorm you mentioned? That's a very ugly place, full of concrete, ugly towers, too many Nothern Europeans.
@@ar2nl your comment has a rude vibe around it.
Is really low living in malaga specially food and the clime is fabulous tnx for sharing
Thank you 🙏
Planning to retire there in a few years from now so at least I have an idea how much to live there .. Thank you 🙏
Good to hear!
Are you half spanish, mylene?
Great video! Very informative. I am considering moving ro Spain.
:)
Very helpful. Thank you.
Thank you, this was useful!
Thanks for sharing. I love Malaga and I would like to live there.
All in all Malaga is an amazing place to live - I agree :)
Hello .. very nice video .. I am going to Malaga at the beginning of next month and took an apartment in the center of Malaga .. I hope to meet you for a coffee in the city center with the locals and wandering around. I am a TH-cam Content Creator from Denmark..Thank you
Thinking about moving to Spain for a couple of years in a few years. Although Madrid sounds fabulous, it may be a bit out of our budget.
Hi there, if you don't mind living somewhere else than Madrid you can for sure find much cheaper areas in Spain :)
great video I live in Marbella for year in 2005 looking to move back to Malaga so thanks!
I would love to have seen what the area was like in 2005 - I'm sure many things have changed, but I'm guessing the good vibes are the same :)
@@FriiInfo Hi yes it was different before FB and social media everything was more human, IBIZA in 1986 (the summer of love) was put heaven. keep up the good work!!
Great vide! I am torn, I want to move to south of Spain soon. Fuengirola & Nerja both look appealing to me. Rent is cheap, quality of life seems nice :) would you recommend either, if you've been that is? Another option is closer to malaga, but city life isn't for me. I love the quiet!
Same here! Planning to visit the area in May, to have a look around, and decide which place suit us the best.
Great question! And yes, it is probably a good idea to come down and have a look for yourself.
Personally I'd prefer Nerja. But there are some nice areas near Fuengirola that are nice too.
I'd say that Nerja has a more authentic vibe and it's just "cuter". On the other hand it is not very well connected transport wise, but if you have a car it is not a problem.
I hope that helps! :)
We are on our way as soon as the COVID mess gets straightened out. ❤️🇪🇸❤️🇪🇸
Useful comments
Thanks. I'm really thinking about taking a chance and moving out there,
I'm a paint and decorator, do you know if there is a demand for them there,?
Yes I think there is a demand, but it might take a while to get a client base etc if you don't have a network here yet.
What is the square meter in your apartament?
50 m2 + 10 m2 terrace :)
Thanks
You're welcome!
Helpful ...going malaga in december for PHD ..
Wow how nice! 🥳
Hi, just wanted to know if 65k euro per annum is enough for couple and a 4 year old baby in barcelona? Is saving possible as well in this amount?
That is enough. If you are willing to live a modest lifestyle you can build some savings.
How do you like living in Spain ? I am Greek and have been long considering a move to Malaga. Do you like it there ? It does look amazing from an outsider's view :D
There are pros and cons - but overall I really like it hear. Spain is big though, and there is a big difference between the north, the south, the islands, inland etc...
hey thansk alot for this, moving out this year hopefully found a job in gym in malaga, wanted coastel ish properlty in torremelenos any idea cheapst but niceplace with pool to use abd air con?
best place to look?
long term rent
Mulțumesc frumos
Perfect
Thank you!
Hi can you tell me who do you think where how you got morgage please ? Thanks
Hi, I have my mortgage through my bank in Denmark.
I subscribed in your channel. I find it very interesting and informative. Is it easy to find a short term apartment for rent( 2 months basis)in Oct/Nov? Any idea for the price? Thanks
Thank you for subscribing. It can be difficult to find something short term for a good price, my best advice would be to look in advance on Airbnb or ask in different Facebook groups - but beware of scammers.
I saw your house on idealistica 😂 just now
You mean my building? Because my apartment is for sure not for sale 😂
How much would be for two or three rooms?
Your Health + dental is minimum . It costs me More than $500 with $4500 deductibles. And insurance only covers 80%.
Hi there! You are possibly also living in a country that is more expensive on average? :) My insurance doesn't cover dental at all, and I am currently paying towards a private insurance on top as the public system can be a bit of a pain to deal with.
Can I ask. Are you fluent in Spanish? How good do your language skills have to be to get by easily day to day. Would intermediate level Spanish be enough to make daily life smooth?
Hi! :) So I speak ok good Spanish - but not 100% fluently by any means. I would say that intermediate Spanish is just fine to get by! I plan to make a video on this in the future. Thank you for a good question.
Wow... I just saw an apartment for sale in the same building and the ad says "low community fee".
Hahah yea I guess "low" is subjective. To be fair I normally pay 60€ but I have to pay an extra 65€ per month due to an upcoming renovation of the electrical situation in the building. But I wouldn't be surprised if that project was followed up by something else since it's falling apart in many ways lol. Not the best building. Still waiting for them to repair the pool *sigh*
Hi there ! I’m moving to Malaga soon and I’m just wondering if torremolinos would be a good general area to be and is there any where else easy to get into the centre that’s cheap and a safe area?
Torremolinos is cheaper than many parts of Malaga. Personally I am not a huge fan of the center of Torremolinos, but the areas Bajondillo and Playamar are very nice in my opinion :)
@@FriiInfo Hi! I am also planning on moving to Malaga in the next couple of month. I have a couple of questions if you don't mind answering....Is Torremolinosa safe area for a solo female to live in? How about Malaga in general? Also, is it easy to get around from Torremolinos to city centre? Is it common that cars with foreign plates get robbed a lot like in other parts of Spain? When I lived in Barcelona area, it happened quite often.
@@polonabeyondbody2849 Hi there :) I'd say it is quite safe here. Torremolinos is quite small so most things are within walking distance! And then there is the train to Malaga which is super convenient. I don't know about the cars with foreign plates. Perhaps you could rent a space in a garage and avoid the issue :)
I am moving to Spain. Thinking about buying a property too. Is it a good time to buy?
Difficult to say! You could check this article by Idealista:
www.idealista.com/en/news/property-for-sale-in-spain/2021/02/02/8453-6-reasons-to-buy-property-in-spain-in-2021
The pace of mind is priceless. Compare to many countries, nice to walk around no looking over the shoulders.
I m looking to live out of the Malaga citycenter...how is the rent in small villages near Malaga?
Hi there 😀 if you go east of Malaga along the coast the rent is generally speaking lower. The same if you venture inland. However the public transport options are a bit more limited, but if you don't mind having a car it's not a problem. Hope that helps!
I appreciate you making this video. Did you say Toremolinos or Malaga is considered a poor city in Spain? I've seen many videos of Malaga and it looks really good. Another TH-camr told me that Torremolinos is where LGBTQ hangout? Please clarify.
Torremolinos is very LGBTQ friendly 🌈💜 So maybe "poor" is a strong word, but many jobs here are in the low end service industries, it's the foreigners and the Spanish from other parts that come with the money - it seems ☺
Thanks! I appreciate the info. I've seen another TH-camr show so many closed businesses in Toremolinos. And they 're going to lockdown the world again. They want us all to be in debt and using a virus, that has not been isolated, as an excuse. Take care.
@@IkeCantle I'm also a bit worried about everything shutting down again once the tourists leave (currently everything is open). Oh well, only time will tell..
You too! :)
Wow, we are a couple of retired people and we don't spend that much! We also own a car. Maybe you need to try to budget a little.
Interesting. I do budget in the sense that I track everything I spend. It is worth noting that when you are two people living together you will naturally save money on rent, utilities and food and potentially other areas as well. I am self-employed and there are some business related expenses that I also include in the budget. In addition, over the past year I have renovated my apartment and thus decorating it is also included 😊 I also fly frequently to Denmark to visit friends and family - that adds up☺ if I take the business related expenses out, it is around 1050€ per month that I spend. And 500-550 of that goes to housing - something I cannot change 😊
It's very expensive to live alone 🏡.. It's always cheaper as a couple shareing
@@irishman6124 Exactly. Unfortunately my cat does not pay rent. I am thinking of different house hacking ideas, such as using my apartment as a vacation rental when I am not in Spain... Video coming on that! :)
@@FriiInfo you may find yourself a partner. Plenty of single people around.. Go on to dating sites 😜
@@irishman6124 Hahaha also an option ;)
where did you find you Medical insurance?
I'm covered by the public system and at the moment I don't have a private insurance.
I want to know about salary structure in Malaga Spain
sure, what are you thinking of specifically?
I live in Málaga, I can offer more oppinion. You can contact me.
You need at least 1500 euros
Many people don't have that.
that is not true . Youd be suprised how little you need
Thank you for the info. We appreciate you.
If I send you my email address will you reply? I am a retiree living in the US. I would like to move to Spain. But I need more on the ground help.
Would appreciate your assistance.
Thank you
James
Hi James, feel free to shoot me an email!
@@FriiInfo
Hi, this is James.
@@jamesparnell1131 You can find my email in the about section of the channel.