Cost of living in Valencia
Valencia, a captivating city in Spain, is renowned for its lively culture, breathtaking architecture, and idyllic coastal location.Offering a diverse range of rental options, including apartments, houses, and villas, Valencia provides an enticing opportunity for individuals and families seeking a remarkable place to call home.
With rental prices generally lower compared to major Spanish cities like Barcelona and Madrid, Valencia presents an affordable and alluring choice. Let’s delve into the cost of living in Valencia, explore various aspects of daily life, and discover why this thriving city is a fantastic place to reside.
Restaurants
Valencia offers an abundance of dining options to tantalize your taste buds. Whether you’re seeking a casual meal or a Michelin-star experience, the city caters to all palates. Enjoying a delightful dinner at a mid-range restaurant will cost approximately €45 for two people, while a more affordable option, such as a normal restaurant, typically serves a meal for around €12 per person. Fast food restaurants provide quick and convenient options, with prices ranging from €8 to €12. Savor a glass of wine at an average cost of €3, though you can still find charming establishments in more economical areas where a glass of wine costs just €1.50 to €2. Treat yourself to a cup of coffee, priced between €1.50 and €3. For more affordable dining experiences, consider exploring lesser-known neighborhoods such as Quart de Poblet, Benimaclet, and Patraix.
Supermarkets
Valencia boasts a wide array of supermarkets catering to diverse preferences. Renowned establishments like Mercadona, Consum, and Carrefour provide convenient and comprehensive grocery shopping experiences.
For budget-conscious shoppers, Lidl, Consum, and Aldi offer affordable options, while Supercor and El Corte Inglés provide a more premium selection.
Transportation
Valencia’s well-connected public transportation system ensures easy and efficient commuting throughout the city. A single bus ride costs just €1.50, and you can conveniently pay with your card. If you frequently use public transport, the monthly cost is around €30, offering exceptional value for money.
While public transportation is excellent, taxis provide a convenient alternative. Valencia’s taxi fares have seen a slight increase in recent years. The base fare during the day is €1.75, rising to €2.30 at night. For every kilometer traveled, expect to pay €1.18 during the day and €1.28 at night. Waiting time charges amount to €21.38 per hour during the day and €24.56 at night. It’s important to note that starting fares may vary depending on weekends, nights, or bank holidays. Additionally, taxis originating from train stations or airports have higher starting fares compared to hailing a taxi on the street. Daytime minimum fares start at €4.30, while nighttime minimum fares begin at €6.40.
Essential services for modern living
As with most European cities, utility prices in Valencia have experienced increases. On average, you can expect to pay around €125.65 per month for an 85m² apartment. Internet costs average around €30 per month, while a phone plan with 10GB of data will set you back approximately €15 per month.
An Active Lifestyle Awaits
Valencia is a haven for active individuals seeking an invigorating lifestyle. With an enviable 300 days of sunshine per year, you can make the most of the city’s stunning beaches and expansive parks free of charge. For those seeking structured fitness options, Valencia offers numerous gyms with an average monthly cost of €36. Tennis enthusiasts can rent a court for approximately €9.23 per hour, while bouldering enthusiasts can enjoy unlimited access for around €45 per month. Meetup groups provide opportunities to try new sports and connect with fellow sports enthusiasts, fostering a sense of community and camaraderie.
Nurturing Young Minds
For families with young children, Valencia offers excellent childcare options. Full-day preschool or kindergarten for one child costs approximately €429.50, while an international primary school charges an annual fee of €8,898.75 for one child.
Renting a Place to Call Home
Valencia has become a sought-after destination for remote workers, offering a compelling blend of amenities. Rental prices for a one-bedroom apartment in the city center average around €813.33 per month, while outside the city center, you can find a one-bedroom apartment for approximately €611.11. A three-bedroom apartment in the city center currently rents for around €1,345.11 per month, while outside the city center, the average monthly cost is approximately €925.88. In general, long-term rental contracts of six months or more tend to be more affordable compared to short-term rentals. The rental market is dynamic, so prices are subject to change.
An Investment in a Lifetime: Buying Property
If you’re considering a more permanent move to Valencia, buying property presents an enticing opportunity. In the city center, the average price per square meter is approximately €2,293.77, while outside the city center, prices are more affordable, averaging around €1,281.72 per square meter.
Conclusion cost of living in Valencia
In conclusion, the cost of living in Valencia offers a remarkable balance of quality, affordability, and an exceptional quality of life.
For a family of four, living expenses amount to approximately €2,307.80 per month, excluding rent. Single individuals can expect monthly expenses around €657.10, again excluding rent.
Compared to Madrid, Valencia remains approximately 6% less expensive, with rental costs being lower by 20.6%. Embrace the enchanting ambiance, rich culture, and affordable living that Valencia has to offer, and start your journey toward an exceptional life in this captivating city.
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