Valencia is the third largest city in Spain. Valencia’s commercial port is the biggest on the Mediterranean Western coast.
Valencia’s main exports are oranges, furniture, ceramic tiles, fans, textiles and iron products.
The climate is temperate and moderate through out the year.
The official languages are Spanish and Valencian. English is the most commonly spoken foreign language; French can also be useful, more people speak foreign languages in Valencia.
The security risk for expatriates in Valencia is low. Risks include petty crime and pick pockets.
Banking is on a par with the rest of Western Europe and North America.
Medical facilities are excellent, health insurance and the cost of treatment is relatively low compared to health care costs in North America.
The population of Valencia is 1.7 Million (2016 est.), while the inflation rate is 1.5% (Dec 2016).
Cost Of Living
The cost of living for expatriates / professional migrants in Valencia as at 1 January 2017 is significantly lower in comparison to other European and American cities.
1) Wine, Alcohol & Tobacco: Very Low
2) Clothing: High
3) Communication: High
5) Furniture & Appliances: Average
6) Groceries: Very Low
7) Healthcare: Very Low
8) Household Accommodation: Very Low
9) Personal Care: Low
10) Recreation & Culture: Low
11) Restaurants Meals: Below average
12) Transport: High
“when you retire to Valencia your cost of living will decrease !”
|Basic lunchtime menu (including a drink) in the business district||€ 10.00|
|Combo meal in fast food restaurant (Big Mac Meal or similar)||€ 7.00|
|500 gr (1 lb.) of boneless chicken breast||€ 2.91|
|1 liter (1 qt.) of whole fat milk||€ 0.79|
|12 eggs, large||€ 2.06|
|1 kg (2 lb.) of tomatoes||€ 1.38|
|500 gr (16 oz.) of local cheese||€ 4.90|
|1 kg (2 lb.) of apples||€ 1.21|
|1 kg (2 lb.) of potatoes||€ 0.86|
|0.5 l (16 oz) domestic beer in the supermarket||€ 0.76|
|1 bottle of red table wine, good quality||€ 4.67|
|2 liters of Coca-Cola||€ 1.49|
|Bread for 2 people for 1 day||€ 0.80|
|Monthly rent for 85 m2 (900 Sqft) furnished accommodation in EXPENSIVE area||€ 800|
|Monthly rent for 85 m2 (900 Sqft) furnished accommodation in NORMAL area||€ 600|
|Utilities 1 month (heating, electricity, gas …) for 2 people in 85m2 flat||€ 113|
|Monthly rent for a 45 m2 (480 Sqft) furnished studio in EXPENSIVE area||€ 500|
|Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area||€ 400|
|Utilities 1 month (heating, electricity, gas …) for 1 person in 45 m2 (480 Sqft) studio||€ 79|
|Internet 100 Mbps (1 month)||€ 35|
|Volkswagen Golf 1.4 TSI 150 CV (or equivalent) new||€ 18,945|
|1 liter (1/4 gallon) of gas||€ 1.16|
|Monthly ticket public transport||€ 44|
|Taxi trip on a business day, basic tariff, 8 km. (5 miles)||€ 14|
|Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands)||€ 6|
|1 box of antibiotics (12 doses)||€ 5.26|
|Short visit to private Doctor (15 minutes)||€ 49|
|1 box of 32 tampons (Tampax, OB, …)||€ 4.10|
|Deodorant, roll-on (50ml ~ 1.5 oz.)||€ 2.71|
|Hair shampoo 2-in-1 (400 ml ~ 12 oz.)||€ 3.43|
|4 rolls of toilet paper||€ 1.34|
|Tube of toothpaste||€ 1.68|
|Standard men’s haircut in expat area of the city||€ 17|
|Basic dinner out for two in neighborhood pub||€ 35|
|2 tickets to the movies||€ 20|
|2 tickets to the theater (best available seats)||€ 60|
|Dinner for two at an Italian restaurant in the expat area including appetisers, main course, wine and dessert||€ 50|
|1 cocktail drink in downtown club||€ 8|
|Cappuccino in expat area of the city||€ 2.00|
|1 beer in neighbourhood pub (500ml or 1pt.)||€ 2.50|
|iPod nano 16GB||€ 158|
|1 month of gym membership in business district||€ 50|
|1 package of Marlboro cigarettes||€ 4.90|
Many retirees dismiss European cities as as a retirement possibility because of a perception that it’s simply too expensive.
“While there are many European cities with high costs of living, valencia is not among them”
Compared to the US, Spain is significantly safer.
As of 2014, the homicide rate is 0.7 per 100,000, compared to 4.5 per 100,000 in the US, and 1.8 per 100,000 in Canada. Petty crime such as “pickpocketing” and petty theft are more common.
Health Care is Spain is excellent!
There are both public and private hospital systems. You can purchase private health insurance and gain access to full preventive care and hospitalization throughout Spain. Example: a family of four purchased full coverage insurance in 2016 for 400 Euros per quarter. This coverage included full dental coverage.