Cost of living in Gibraltar
Gibraltar, a British Overseas Territory located at the southern tip of the Iberian Peninsula, offers a unique blend of British and Mediterranean cultures. Understanding the cost of living in Gibraltar is crucial for anyone considering moving to or working in this vibrant locale.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $18.97 on average, with a range between $15.18 and $25.3.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $82.21, with prices ranging from $63.24 to $113.84.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11.38, with a range between $10.12 and $14.55.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.79 to $5.06, imported beer $3.79 to $5.69, cappuccino $2.53 to $4.43, and Coke/Pepsi $1.52 to $3.16.
Grocery Prices
- Milk - Milk is priced between $1.04 and $3.76 per liter, averaging $2.15.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.26 and $4.43, with an average price of $1.97.
- Eggs (Dozen) - A dozen eggs range from $2.28 to $6.32, averaging $4.57.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.9 to $5.06 per kg, while oranges range from $2.19 to $5.06 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.52 and $3.79 per kg, and lettuce costs $0.89 to $3.16 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $0 and $3.16, with a monthly pass priced up to $16.32.
- Fuel (Gasoline) - Gasoline is priced between $1.35 and $1.71 per liter.
- Taxi Fares - Taxi fares start at $5.06, with a cost of $2.53 per km and $12.65 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1391.32 to $1897.26, averaging $1650.88.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1380.79 to $1770.78, averaging $1537.13.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $3000 to $4426.94, averaging $3382.65.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2403.2 to $3794.52, averaging $2975.01.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $7589.04 to $13913.24, averaging $10505.13.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $6351.65 to $10118.72, averaging $8070.22.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $82.21 and $189.73, averaging $124.77.
- Internet - Internet services range from $44.27 to $75.89, with an average cost of $60.19.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Gibraltar presents a relatively high cost of living, particularly in terms of housing and dining. Rent prices are notably high, especially in the city centre, reflecting the limited space and high demand.
Dining out can also be expensive, with mid-range restaurant meals costing significantly more than in many other regions.
However, transportation costs are relatively low, with affordable public transport options and reasonable fuel prices.
Grocery prices vary, with some items like milk and eggs being more expensive, while others like bread and local produce remain affordable.
Conclusion
In conclusion, Gibraltar offers a unique living experience with its blend of cultures and strategic location. However, potential residents should be prepared for higher living costs, especially in housing and dining.
Careful budgeting and exploring cost-saving measures, such as utilizing public transport and shopping for local produce, can help manage expenses effectively.