Study Finds the Cost of Buying Property in Spain and Living is Cheaper in Southern Spain Over Northern Spain.

The United Kingdom has a north-south divide that can be found in politics, class, and even football rivalries. This north-south divide is something that is no longer found only in the UK.

A study done by Kelisto.es has found that Spain has a north-south divide of their own, especially in terms of the cost of living. It’s different from the UK divide, however, in that value for money is found down south.

            Cost of living in Spain

Research showed that the cost of living in Barcelona was as much as 30% higher than the national average cost of living. However down in the southern cities of Jaén in Andalucía and Cáceres near Extremadura the cost of living is over 10% lower than the average.

Higher living costs were found all the way across northern Spain including San Sebastián, Madrid, and Palma, the capital of Majorca.

The price of property is also cheaper down in southern Spain. It’s cheaper to both rent property in costa del sol and buy property in the south. An 80 m2 home in the northern states of Barcelona or San Sebastián would set you back on average between €241,000 to €328,000. In the south however it costs around €131,000.

Kelisto.se also looked at living costs and took daily living costs into account. These costs are how much tax people pay, the costs for public transportation in Spain, the cost of accommodation and petrol, the average price for daily essentials like bread and milk, and also the cost of leisure activities like tickets at the cinema and a meal for two including beer.

They took a look at 50 cities overall and there was a strong correlation between high wages and high costs of living in Spain.

The research showed that San Sebastián had a cost of living that was roughly 28% higher than the national average, but the average household income was also around 25% higher than the national average.

The inverse was also shown to be true. Teruel is the tenth cheapest city in the country where citizens pay approximately 8% less than the national average, but the average income there is also around 11% lower than the national average wage.