Cost of living in Maspalomas
Maspalomas, a popular tourist destination in Spain, offers a unique blend of beautiful beaches and vibrant culture. Understanding the cost of living here is crucial for both residents and potential movers.
This guide provides a detailed breakdown of expenses in Maspalomas, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $10.95 on average, with a range between $9.39 and $20.86.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $23.52, with prices ranging from $22.95 to $73.01.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8.87, with a range between $8.34 and $9.39.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.25 to $3.65, imported beer $2.29 to $4.17, cappuccino $1.25 to $3.13, and Coke/Pepsi $0.97 to $2.61.
Grocery Prices
- Milk - Milk is priced between $0.73 and $1.67 per liter, averaging $1.05.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.04 and $6.26, with an average price of $1.83.
- Eggs (Dozen) - A dozen eggs range from $1.88 to $6.26, averaging $3.16.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.15 to $2.61 per kg, while oranges range from $1.46 to $2.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.04 and $6.26 per kg, and lettuce costs $1.04 to $1.93 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $2.61.
- Fuel (Gasoline) - Gasoline is priced between $1.15 and $1.74 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $0.56 to $3.13 per km and $15.64 to $26.07 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $938.68 to $1042.97, averaging $990.82.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $625.78 to $938.68, averaging $782.23.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre is $1251.57.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $990.82 to $1147.27, averaging $1069.05.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is $3859.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $3128.92 to $3754.7, averaging $3441.81.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $52.15 and $99.73, averaging $72.33.
- Internet - Internet services range from $20.86 to $36.5, with an average cost of $26.91.
Cost of Living Rankings
The cost of living indices for Spain are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Spain, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Salaries And Financing
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"Key Takeaways"
Maspalomas offers a relatively affordable cost of living compared to other European tourist destinations. Dining out is reasonably priced, especially in casual settings.
Housing costs are moderate, with a noticeable difference between city centre and outside areas. Public transportation is economical, making it easy to navigate the city.
Grocery prices are generally low, with local produce being particularly affordable. Utilities and internet services are also reasonably priced, contributing to a balanced monthly budget.
Conclusion
In conclusion, Maspalomas presents a cost-effective living environment, especially for those who enjoy a mix of leisure and affordability.
Whether you're planning a move or an extended stay, understanding these costs will help you manage your finances effectively in this charming Spanish locale.