Spain, with its vibrant culture, stunning landscapes, and high quality of life, has always been attractive to expats from around the globe.
For businesses considering relocating employees or individuals looking to embrace the digital nomad lifestyle, understanding the intricacies of moving to Spain is crucial. This guide aims to provide a comprehensive overview for expats in Spain by highlighting the essential aspects of living, working, and thriving in this beautiful country.
The cost of living in Spain varies significantly based on location. Major cities like Madrid and Barcelona are more expensive, while smaller towns and rural areas offer more affordable options. Key expenses include:
Rent for a one-bedroom apartment in city centres ranges from €700 to €1,200 per month, while outside city centres, it can drop to €500-€800.
Monthly grocery costs are approximately €200-€400. Dining out is affordable, with meals costing between €10 and €25.
Public transport is efficient and economical, with monthly passes ranging from €40 to €60. Owning a car involves additional expenses like fuel, insurance, and maintenance.
To live comfortably in Spain, understanding financial requirements is essential. Key considerations include:
A monthly income of around €2,000-€3,000 is sufficient for a comfortable lifestyle, though this varies by location and personal preferences.
Opening a local bank account facilitates financial transactions. Expats should also familiarize themselves with Spain's tax system and any potential obligations in their home country.
Healthcare in Spain is known for its high standards and includes both public and private options. Expats can access the public healthcare system for some subsidized services. To have access to the universal health system, known as the Servicio Nacional de Salud (SNS), you must either be a resident of Spain or come from a country with a reciprocal healthcare agreement with the Spanish government.
While the public healthcare system in Spain is robust, it does not cover all medical services, and there can be long wait times due to high demand. Many residents opt for private health insurance to ensure timely access to a broader range of services. Having private insurance can also provide access to English-speaking doctors and private hospitals, which can be particularly beneficial for expats.
When planning your move to Spain, securing health insurance before you go is highly recommended. Some visa types, such as the Spain Golden Visa or Digital Nomad Visa, even require proof of health insurance during the application process.
With Allianz, our international health insurance plans offer comprehensive health coverage and access to our Expat Assistance Programme. Contact us today to learn more about our international health insurance for expats in Spain.
