Cost Of Living In Barcelona: Estimates And Tips

Last Updated on September 3, 2024 by Laila Oliveira

The city of culture, stunning architecture, and Mediterranean lifestyle – Barcelona is the most famous European tourist city in 2024. Given its popularity, this beautiful city has seen a certain level of inflation in recent years. Before you decide whether this fits your relocation plans, take a deeper look at the cost of living in Barcelona.

Of course, housing, groceries, transportation, and leisure activities depend on your lifestyle and spending habits. But an average figure will help give you more clarity. 

This guide provides estimates and practical tips to help you budget effectively. Barcelona offers a range of options to suit different budgets, from affordable neighborhoods to high-end areas. By planning carefully and being mindful of your expenses, you can enjoy all Barcelona has to offer without breaking the bank. Happy reading!

How expensive is Barcelona?

The cost of living in Barcelona isn’t exactly “cheap” but for good reason: it offers a high quality of life. And with careful financial planning, you can move there and live a life of comfort on a budget. 

One major expense is accommodation. The city center rents are among the highest in Spain, so choosing to live further from the center or in shared housing can reduce costs. Also, while public healthcare is accessible, many expats opt for private insurance, which adds to monthly expenses.

Taxes and social security contributions should also be considered, especially if you plan to work in Barcelona. Dining out and entertainment are reasonably priced but can become costly if indulged in frequently. 

Additionally, if manageable, you should budget for language courses if you are not fluent in Spanish or Catalan. Another expense for expats can be the initial relocation costs, such as deposits and furnishings. 

We’ll break down these expenses further by each category. 

• What is the city like? Read Living In Barcelona: Everything Expats Need To Know.

What is the cost of living in Barcelona for expats?

After rent, the next big category affecting the cost of living in Barcelona is the food expenses. However, it’s important to note that food prices are not outrageously expensive and are typically similar to the rest of Europe. Dining out is reasonably priced, with options ranging from affordable tapas bars to more expensive restaurants.

Additionally, public healthcare is accessible, but private insurance might be necessary for comprehensive coverage.  

Public services, such as waste management, are typically included in utility bills but vary depending on the area. Lastly, entertainment and cultural activities, such as attending local festivals or joining community groups, can also impact your budget while enriching your experience in the city.

Cost of rent in Barcelona

When budgeting your rent costs, remember to factor in the neighborhood. The location of the apartment can significantly impact your daily life. For example, living closer to the city center offers convenience but might mean dealing with noise and higher demand. 

Exploring neighborhoods can reveal varying atmospheres, from the bustling energy of El Raval to the more relaxed vibe of Gràcia.

Understanding the lease terms is crucial, as some rentals may include additional fees for maintenance or services. It’s also important to check the apartment’s condition and amenities provided, such as air conditioning or heating, which can affect comfort throughout the year.

When finalizing the deal, review the legal requirements and tenant rights in Spain for a smooth renting experience. Finally, consider proximity to public transport, grocery stores, and other essential services to make everyday living more manageable.

Check out the table below for rent costs in different municipalities: 

The average price of purchasing real estate properties

The cost of living in Barcelona includes factors such as property taxes, notary fees, and registration costs, especially if you’re looking to purchase real estate. 

The location of the property is crucial; central areas may offer higher appreciation potential but also come with additional maintenance and renovation costs. It’s also important to assess the property’s condition and any potential renovation needs. 

If you are interested in real estate, consider collaborating with experts who can help review the process and navigate bureaucracy well. Feel free to book a consultation with Viv Europe to learn more! 

The table below highlights property prices per square meter. 

House bills

House bills in Barcelona encompass more than just utilities. In addition to electricity, water, and heating, you should be aware of other regular expenses. For example, community fees for shared building maintenance which varies depending on the property.

And then, of course, you have your daily internet, TV, or mobile phone packages. 

Check out the breakdown below: 

Average spending on food

When evaluating the cost of living in Barcelona, average food spending plays a significant role. Daily expenses include groceries, which vary based on dietary preferences and shopping habits. 

But other food-related expenses, such as café visits or takeout, can really impact your budget. Balancing home-cooked meals with dining out is key to managing overall food costs effectively.

Expected transport cost in Barcelona

Monthly public transport passes in Barcelona offer a cost-effective way to navigate the city, covering buses, trams, and the metro. 

However, if you prefer using taxis or ride-hailing services, costs can add up. Additionally, owning a car involves fuel, parking, and insurance expenses. 

Take a look at some estimates below:

• Learn more about getting around the country: Public Transport In Spain.

Leisure Expenses

Living in Barcelona means being part of so many different leisure experiences! 

Frequent outings to restaurants, bars, and cultural events such as concerts or theatre performances can add a lot of entertainment to dull days. But you must consider that this will be an additional expense. Subscriptions to gyms, sports clubs, or hobby groups also impact your budget. 

If you’re moving to Barcelona with a set budget in mind, take some time to create a financial plan that helps maintain a balance between these activities. 

You don’t want to lose out on all the fun Barcelona has to offer! 

What are the cheapest areas of Barcelona?

Barcelona definitely has something for everyone! If you’re not looking to live close to the city center, a few options may suit your budget more. 

Be sure to explore these areas and ask around on online expat communities if you’re not able to visit the area once before renting accommodation here. 

• Nou Barris is a district that is popular among budget-conscious buyers due to its lower property prices compared to more central areas. You can find a 60 m² apartment there for €165,000.
• Horta-Guinardó offers a mix of urban and suburban living with 70 m² flats for sale at €189,000.
• Sant Andreu is another economical option with a community-oriented atmosphere and a 60 m² apartment for €60,000.
• Sant Martí is closer to the center and offers real estate for €160,000.
• Sants-Montjuïc is known for its diverse neighborhoods and offers properties for €85,000.

What are the most expensive areas of Barcelona?

Your research on the cost of living in Barcelona won’t be complete without knowing the most expensive areas and their prices.

• Sarrià-Sant Gervasi is a prestigious district known for its luxury homes and upscale living, offering a 72 m² property for €430,000.
• Eixample is centrally located and highly sought after, with high property prices reflecting its prime location and iconic architecture. Properties are available for up to €900,000.
• Les Corts is known for its exclusive residential areas and proximity to business hubs, offering a 60 m² property for €410,000.
• Gràcia is a trendy and vibrant neighbourhood with a strong community feel, making it one of the priciest areas with apartments available for up to €498,000.
• Ciutat Vella is Barcelona’s historic heart, where the charm of old buildings comes with a premium price. Flats are available for up to €485,000.

Is Barcelona more expensive than Madrid?

Madrid and Barcelona are different in more ways than one. But when it comes to the cost of living in Barcelona, it is slightly less expensive than in Madrid. The biggest reason for that is that Madrid is the capital city; hence, rent and property prices are higher. 

The overall cost of living in Barcelona is about 3.8% higher than in Madrid. That isn’t because grocery items are priced very differently but because eating out is pricier. 

However, the rent prices in Barcelona are 8.5% lower. To compare, a 3-bedroom apartment in the city center of Barcelona is around €2,054. At the same time, it is €2,289 in Madrid. It’s not a huge difference, but it is still higher.

Is Barcelona more expensive than Valencia?

The difference between Valencia and Barcelona is comparatively more significant, especially regarding the cost of living. 

To compare, the overall cost of living in Valencia is 17.2% lower than in Barcelona. The local purchasing power is also higher, estimated at around 19.2% in Valencia. 

Additionally, rent prices are 17.6% lower in Valencia than in Barcelona, making it a more affordable destination. 

A 3-bedroom apartment in Valencia’s city center costs around €1,709, compared to Barcelona’s €2,054.

Is it worth the price of living in Barcelona?

This answer heavily depends on personal preferences and living standards. One person may love the cost of living in Barcelona while another prefers Valencia more. 

There is no right way to choose the city you wish to relocate to. Nonetheless, yes, Barcelona is absolutely worth the price of living it offers. 

The diverse and growing expat community continues to provide opportunities to build connections. Over 170 nationalities live in Spain, with 370,000+ foreigners out of the total population. The number of expats and tourists every year proves that the popularity does not seem to die.

When are you moving to Spain?

If you made it this far, you’re likely interested in knowing more. We’re here to help! 

Feel free to book a consultation with experts at Viv Europe to receive guidance on how to make your relocation dreams come true. From visa applications to rental agreements and residency options, we’re here every step of the way. See you soon!