Written by Kittenproperties
23.06.2023
When it comes to choosing a place to live, relocate, or even retire, Malaga, Spain has always been on the radar of many global citizens. Known for its rich history, stunning beaches, lively culture, and exceptional cuisine, Malaga promises a life that many of us dream of. But how affordable is it to live in this sunny paradise? Let's take an in-depth look at the cost of living in Malaga, Spain, covering everything from everyday needs to property prices.
To provide an initial context, let's start with the cost of living index. As of 2023, Spain ranks significantly lower compared to other Western European countries, and Malaga is no exception. But remember, the lower cost doesn't mean compromised quality of life - it's simply more affordable!
Renting is often a go-to option for newcomers. A one-bedroom city center apartment in Malaga averages around €700-€800 per month, whereas the same apartment outside the city center would cost approximately €550-€650.
If you're planning for a long-term stay, buying property might be a good investment. On average, the price per square meter in the city center is around €2,500-€3,000, while outside the city center, you could find properties for €2,000-€2,500 per square meter.
Grocery shopping in Malaga is quite economical. A monthly shop for a couple can cost around €300, including items like meat, vegetables, dairy products, and other staples.
For an 85m2 apartment, utilities including electricity, heating, cooling, water, and garbage would be approximately €100-€150 a month.
High-speed internet averages around €30-€50 per month.
A mobile plan with unlimited calls and 10GB data would cost about €20.
Public transportation in Malaga is efficient and affordable. A monthly transportation pass costs around €40.
For those who prefer driving, petrol prices hover around €1.5 per liter.
Malaga is known for its vibrant culinary scene. An average meal at an inexpensive restaurant costs about €10, while a three-course meal for two at a mid-range restaurant would cost around €40.
Fitness enthusiasts will find gym memberships at about €30-€50 per month.
For entertainment, a cinema ticket would cost you around €8.
Spain’s healthcare system is well-regarded and quite affordable. Expect to pay around €20 for a general practitioner's appointment. However, healthcare costs can be even lower for residents as Spain offers a public healthcare system.
Public education in Spain is free and compulsory until the age of 18.
For private institutions, tuition varies significantly depending on the institution but can range from €5,000 to €10,000 per year.
Renting is a flexible option, especially for those who are new to the city. Rent prices can vary depending on the location and the type of property. For instance, a larger three-bedroom apartment in the city center can cost around €1,200 to €1,500 per month, while the same outside the city can cost you approximately €900 to €1,100.
If you're planning on settling in Malaga, buying a property is a wise decision. Real estate in Malaga is relatively affordable compared to other European cities. A decent-sized house in the city can cost around €250,000 to €300,000. However, if you venture a bit outside the city, you could find a house for as low as €200,000.
Public transport includes buses, trains, and trams. A single ticket for public transport costs around €1.3. However, if you commute frequently, the monthly pass for €40 is more economical.
If you prefer driving, the average cost of a new car is around €20,000 to €25,000. Maintenance and petrol costs can add an additional €100 to €200 per month.
For those who prefer not to drive, taxis and ride-shares are widely available. The starting price for a taxi ride is around €3.5 with an average price of €1 per kilometer.
From cozy local taverns to elegant dining, Malaga's food scene is a paradise for food lovers. For nightlife enthusiasts, a pint of beer costs around €2 to €3 in a bar, and a good bottle of wine in a restaurant can cost around €10.
Malaga offers a plethora of recreational activities. From water sports at the beach to hiking in the mountains, there's always something to do. Membership to a sports club or a leisure center would cost around €40 to €60 per month.
For culture and art enthusiasts, the city is home to numerous museums and galleries. An average ticket to a museum or a cultural event would cost around €10.
While costs can vary depending on your lifestyle, Malaga, Spain offers an affordable cost of living while maintaining a high quality of life. Whether it's the basic needs, housing, or leisure activities, the cost of living in this beautiful city tends to be lower than many Western European counterparts.All things considered, Malaga is a city that offers a balance of affordable living and high-quality lifestyle. While costs can vary depending on individual preferences and lifestyle choices, overall, it remains an economical choice compared to other Western European cities. So whether you're planning to move for work, to retire, or for a lifestyle change, Malaga, Spain is definitely worth considering.
As of 2023, the cost of living index of Malaga, Spain is significantly lower than most Western European countries.
A one-bedroom city center apartment in Malaga costs around €700-€800 per month.
On average, the price per square meter in the city center is around €2,500-€3,000.
Expect to pay around €20 for a general practitioner's appointment. However, costs can be lower for residents with public healthcare.
Public education in Spain is free until the age of 18. Private institution tuition can range from €5,000 to €10,000 per year.
A three-bedroom apartment in the city center costs around €1,200 to €1,500 per month.
The average cost of a new car is around €20,000 to €25,000.
A three-course meal for two in a mid-range restaurant costs around €40.
Activities range from water sports at the beach to hiking in the mountains. Membership to a sports club or a leisure center would cost around €40 to €60 per month.
An average ticket to a museum or a cultural event costs around €10.
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