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The Cost of Living in Valencia

By Matthew Green
This article is published on: 29th September 2025

How to Budget for Your New Life

Valencia is one of Spain’s most attractive destinations for expats—and for good reason. With its stunning beaches, vibrant culture, and affordable lifestyle compared to other European cities, it’s no wonder so many people choose to call it home. But before you pack your bags, it’s important to understand what life in Valencia really costs and how to plan your budget.

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Housing Costs in Valencia

Housing Costs

Accommodation is likely to be your biggest monthly expense. Valencia offers a wide range of housing options, from modern apartments in the city center to charming villas on the outskirts.

  • City Centre: Expect to pay €900–€1,300 per month for a two-bedroom apartment in areas like Ruzafa or El Carmen.
  • Suburban or Coastal Areas: Prices drop as you move away from the center—€700–€900 can get you a similar apartment in quieter neighborhoods or near the beach.
  • Buying Property: Valencia is still more affordable than Barcelona or Madrid, with prices averaging €2,000 per square metre, but the market is heating up.

Tip: Factor in community fees (for building maintenance), property taxes, and if renting, a deposit (usually one or two months’ rent).

Food and Entertainment

Food and Entertainment

Spain is famous for its food culture, and Valencia doesn’t disappoint. From traditional paella to modern tapas bars, eating out can be surprisingly affordable compared to Northern Europe or the US.

  • Groceries: A weekly shop for two people costs around €50–€70 at local supermarkets.
  • Dining Out: A menu del día (three-course lunch) costs €10–€15, while dinner for two at a mid-range restaurant might be €40–€60.
  • Coffee & Drinks: Coffee is usually €1.50–€2, and a glass of wine is often under €3.

Entertainment such as cinema tickets, concerts, and cultural events are also reasonably priced – expect €8–€10 for a movie ticket.

Education and Transport

Education and Transport

If you have children, education will be a key factor in your budget.

  • Public Schools: Free for residents, though lessons are mainly in Spanish and Valencian.
  • Private Schools: Fees start at around €300 per month.
  • International Schools: For English-language or IB programs, expect €700–€1,200 per month per child.

Transport is another area where Valencia shines:

  • Public Transport: A monthly metro/bus pass is about €40.
  • Driving: Fuel is currently around €1.60 per liter, and parking in the city can be challenging and costly.

 

Hidden Costs Expats Often Overlook

Hidden Costs Expats Often Overlook

Many new arrivals forget to budget for these:

  • Healthcare Insurance: If you’re not eligible for public healthcare, private plans start at €50–€100 per month.
  • Taxes: Wealth tax, property tax (IBI), and possible double taxation issues—always check your situation before moving.
  • Paperwork & Administration Fees: NIE registration, residency paperwork, translations, and notary costs can add up.
  • Home Setup Costs: Furniture, appliances, and deposits for utilities.

Final Thoughts

Valencia offers a fantastic quality of life at a relatively affordable price, but like any move, planning ahead is key. Create a realistic budget, understand where your biggest costs will be, and allow some flexibility for the unexpected.

As a financial planner with The Spectrum IFA Group here in Valencia, I help expats like you plan smart so you can enjoy life without financial stress.

If you’d like a free, no-obligation chat about setting up your finances for life in Spain, feel free to get in touch. It’s all about making sure you can enjoy everything Valencia has to offer—without financial stress.

Article by Matthew Green

If you are based in the Costa Blanca area you can contact Matthew at: matthew.green@spectrum-ifa.com for more information. If you are based in another area within Europe, please complete the form below and we will put a local adviser in touch with you.

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