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Living in Spain: A Detailed Look at Average Income and Monthly Expenses
Madrid, Spain – A recent viral video has shed light on the average income and monthly living expenses in Spain, offering a detailed financial breakdown for those considering relocation. The video, featuring a man interacting with a voice assistant, provides estimated figures for various essential costs. According to the information presented, the average net monthly income in Spain ranges between €1,200 and €1,250. When it comes to housing, renting a room typically costs around €450 per month, though prices can vary by region. Shared utility expenses, including electricity, water, heating, and internet, are estimated to add an additional €30 to €50 monthly. For food, a person cooking at home can expect to spend between €250 and €300 per month, assuming no excessive luxury purchases. Public transport in major cities like Madrid incurs a monthly cost of approximately €55 for a pass, with other cities potentially offering more economical options. Medical expenses are largely covered by Spain's free public healthcare system, with an estimated €10 to €20 per month for pharmacy or specific medical needs. Additional variable expenses, such as going out, clothing, and subscriptions, are estimated to be between €100 and €150 monthly. Summing these costs, the total estimated monthly expenditure for an individual ranges from €950 to €1,000. This leaves a potential saving of €200 to €250 per month from the average income. The video concludes by suggesting that while Spain may not be ideal for significant savings, it offers a high quality of life, safety, good public healthcare, and a strong work-life balance, making it a worthwhile destination depending on individual priorities.
