How Much is the Cost of living In Marbella, Spain?
With a wide range of restaurants serving sumptuous international cuisine, a vibrant atmosphere, an excellent year-round climate and the best beaches on the Costa del Sol, Marbella is an attractive city that appeals to people from all over the world.
But how much does it cost to live in Marbella? That depends on your lifestyle, but regardless of whether you have a job with a company based in the region, work as a freelancer or want to move here when you retire, the cost of living in Marbella is affordable for most people.
Thanks to a wide diversity of accommodation, eating options, and inexpensive grocery costs, ex-pats can survive in Marbella on as little € and live comfortably with €2000+.
The Expatistan cost of living calculator estimates the average living costs in Marbella is around €1538 for a single person and €3,089 for a family of four.
Its prime location on the golden coastline of Spain makes Marbella a Mecca for holidaymakers and ex-pats alike. The international diversity creates a high standard of living and a friendly community of like-minded individuals.
Spain ranks well above average in the OECD Better Life Index for work-life balance, income and wealth, housing, health, education together with jobs and earnings and many other measures.
Is It Expensive To Live in Marbella?
When you compare the prices of food, accommodation, education and lifestyle to other European cities, you find Marbella is less expensive. For example, Marbella is 41% less expensive than London, 12% cheaper than Rome and 31% cheaper than Paris.
In Spain, Marbella is 6% less expensive than Madrid, and 7% less expensive than Barcelona.
One of the main advantages of living in the Costa del Sol is because grocery shopping is relatively lower than in many other cities. Numbeo’s 2020 cost of living report indicates 1 later of milk is €0.71, a loaf of bread is €0.80 and 1kg of chicken is €6.
Utility bills cost an average of €108.24 for an 85m2 apartment and broadband internet is under €30.
Average Property Prices in Marbella
Given the Costa del Sol is one of Spain’s most delectable regions to live, the housing market is naturally healthy. As a result, newcomers looking for a property should expect to pay more than the national average for property or rental prices.
If you’re looking to invest in a property to use as a second home, you will be able to recoup much of your investment by renting out your property on a short-term basis.
There are a wide selection of properties available in Marbella and Costa del Sol. This is a good time to buy for anybody thinking of living in Marbella.
It is estimated that the average cost of an apartment in Marbella is in the region of €3070 per square meter. A plush villa on the prime stretch of the Marbella Gold Mile, on the other hand, is significantly higher – €25,000 per sq. m.
Property prices typically stay stable in Spain and are forecast to grow over time. Buyers can, therefore, expect to earn a reasonable return on investment.
If you are contemplating a move to Marbella or Costa del Sol in Spain and want to know about properties available Marbella before you get here, feel free to contact us.
We can provide you with a list of properties for sale and rent so that you can see what is available.