These are the cities with the most expensive residential buildings in Spain.
To determine whether a city is expensive to live in, there are a number of economic and social indicators that reflect the cost of living. These indicators typically include the cost of utilities, food prices, and one of the key metrics: housing costs. This is one of the most significant factors. The average rental price and the cost of homes for sale in the city, as well as their affordability, are analyzed.
In Spain, many people are wondering which city is the most expensive to live in. The answer to this question surprises many, as the most expensive city in Spain to live in is San Sebastián.
However, it is worth noting that in San Sebastián, the average salary is high, around 1,860 euros per month, which gives the city a good level of purchasing power. In December 2023, the average price of housing for sale in San Sebastián was 5,365 euros per square meter, while the average rent is currently 16.8 euros per square meter, according to the real estate portal Idealista.
The most expensive cities to live in Spain
According to a list compiled by the real estate portal Idealista, here are the cities in Spain where living is more expensive (the cost per square meter is the highest). Additionally, the cost of living, monthly expenses for an individual or family, average rent, and average prices for homes for sale and rent were also taken into account.
- San Sebastián (5,365 euros/sq.m and 16.8 euros/sq.m)
- Barcelona (4,167 euros/sq.m and 20.5 euros/sq.m)
- Madrid (4,118 euros/sq.m and 17.9 euros/sq.m)
- Palma de Mallorca (3,877 euros/sq.m and 15.4 euros/sq.m)
- Bilbao (3,241 euros/sq.m and 13.6 euros/sq.m)
- Granada (2,019 euros/sq.m and 9.1 euros/sq.m)
- Valencia (2,287 euros/sq.m and 13.3 euros/sq.m)
- Pamplona (2,668 euros/sq.m and 10.5 euros/sq.m)
- Santander (2,136 euros/sq.m and 10.2 euros/sq.m)
- Malaga (2,668 euros/sq.m and 13.6 euros/sq.m)
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