Are you considering a move to the sunny shores of southern Spain? Málaga, the vibrant heart of the Costa del Sol, might be just the place for you. But before you pack your bags, let’s break down the cost of living in this Mediterranean paradise.
Is Málaga Expensive?
Málaga ranks as the 5th most expensive city in Spain, following Barcelona and Madrid. However, it’s still more affordable than many other European destinations. Here’s a quick comparison:
- Rental prices are 55% lower than in Amsterdam
- Grocery expenses are 30% lower than in Amsterdam
- The average salary in Spain is €2,710
- You need about €672 per month (excluding rent) to live comfortably in Málaga
- Grocery expenses are 30% lower than in Amsterdam
Overall, you can expect your monthly expenses in Málaga to range from €1,100 to €1,300.
Detailed Cost Breakdown
1. Rental Prices
Rental costs in Málaga have remained stable in recent years, with slight fluctuations at the start of each tourist season. Here’s what you can expect to pay in 2024:
- Apartment: €1,100/month
- Studio: €750/month
- Private Room: €500/month
Location matters:
- City center: €750-€1,100/month
- Suburbs: €650-€850/month
2. Food Prices
Málaga offers affordable fresh produce, especially if you shop at local markets. Here’s a breakdown of common food and beverage prices:
- Water (1.5L): €0.61
- Wine (mid-range): €4.50
- Local Beer (0.5L): €1
- Imported Beer (0.33L): €1.92
- Milk (1L): €0.88
- White Bread (500g): €0.94
- Rice (1kg): €1.26
- Eggs (12): €2.33
- Local Cheese (1kg): €9.21
- Beef (1kg): €11.04
- Bananas (1kg): €1.37
- Oranges (1kg): €1.20
- Tomatoes (1kg): €1.71
- Potatoes (1kg): €1.18
3. Leisure Expenses
Málaga’s popularity as a tourist destination means there’s no shortage of leisure activities. Here are some typical costs:
- Meal in an inexpensive restaurant: €10
- Three-course meal for two in a mid-range restaurant: €50
- Cinema ticket: €8.10
- Monthly gym membership: €39.62
- Tennis court rental (1 hour on weekends): €11.50
4. Transportation Costs
Getting around Málaga is easy due to its compact size. Many residents prefer cycling, but there’s also a decent public transport system. Here are the transportation costs:
- One-way public transport ticket: €1.40
- Monthly public transport pass: €30
- Taxi start fare: €4
- Taxi per km: €0.86
- Petrol (1 liter): €1.75
Living the Málaga Lifestyle
With its wonderful Mediterranean climate, delicious food, and breathtaking views, Málaga offers an enviable quality of life. While it may be pricier than some other Spanish cities, it remains an affordable option for many expats, digital nomads, and retirees.
Ready to make the move? Start exploring rental options in Málaga’s diverse neighborhoods and prepare for your Spanish adventure!