Cost of living

Old Apr 16th 2017, 9:46 pm
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Hi all. My wife and I would expect to have a joint income of about 20,000 euros ( at todays exchange rates) that would have to pay income tax, rent and everything else. Is that likely to be sufficient without having to struggle. I won't be running a car.
Thanks Bryan
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Old Apr 17th 2017, 12:16 am
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Default Re: Cost of living

All depends how long you expect it to last?
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Old Apr 17th 2017, 12:48 am
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That's 20,000 euros per year.
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Old Apr 17th 2017, 12:58 am
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Default Re: Cost of living

Originally Posted by OTA63
Hi all. My wife and I would expect to have a joint income of about 20,000 euros ( at todays exchange rates) that would have to pay income tax, rent and everything else. Is that likely to be sufficient without having to struggle. I won't be running a car.
Thanks Bryan
I would say that €20,000 per annum would be enough if you live an average lifestyle but there are many variations. Your taxes could vary depending on what income is likely to be taxed.ie you will pay more if you are renting a property out in the UK.

Rent where I live, for a two bedroom apartment is around €500 per calendar month (small villa/bungalow slightly more ) Our electricity is around €35 per month. Water is in with our rent. Add on your social costs ie food and eating out, beer,wine etc. Bus /taxi fares. Ciggies if you smoke etc, etc.

You might also have some medication to pay for.

Steve
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Old Apr 17th 2017, 1:04 am
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Default Re: Cost of living

You will probably want to wait until the Brexit/ NHS coverage for expats in Spain issue is finalized before making firm plans.
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Old Apr 17th 2017, 1:09 am
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Default Re: Cost of living

Originally Posted by OTA63
That's 20,000 euros per year.
Should be plenty for most, but others will say not nearly enough, all depends on your lifestyle, most of the best things to enjoy in Spain IMO are free or cost very little. The weather, sun, views, sea, mountains, wildlife, wonderful walks, fresh air, company, easy laid back way of life, fresh healthy foods that can create wonderful tasty meals, reasonable bus fares/transport, great markets and fiestas. A little goes a long way.
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Old Apr 17th 2017, 1:14 am
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Default Re: Cost of living

Originally Posted by casa del sol
Should be plenty for most, but others will say not nearly enough, all depends on your lifestyle, most of the best things to enjoy in Spain IMO are free or cost very little. The weather, sun, views, sea, mountains, wildlife, wonderful walks, fresh air, company, easy laid back way of life, fresh healthy foods that can create wonderful tasty meals, reasonable bus fares/transport, great markets and fiestas. A little goes a long way.
Couldn't have put it any better casa! An excellent description of how life is in Spain, if you don't have to work
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Old Apr 17th 2017, 1:15 am
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Default Re: Cost of living

I assume it would be better if my wife and I were taxed separately. In which case my wife would not pay any tax. I would be taxed approx 2500 euros I expect on my income. All our income comes from pensions including a small NHS pension.
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Old Apr 17th 2017, 1:18 am
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Default Re: Cost of living

Originally Posted by OTA63
I assume it would be better if my wife and I were taxed separately. In which case my wife would not pay any tax. I would be taxed approx 2500 euros I expect on my income. All our income comes from pensions including a small NHS pension.
Thanks
Bryan
Yes, our accountant advised my wife and I to be taxed separately.
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Old Apr 17th 2017, 3:55 am
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Default Re: Cost of living

Thanks to all who have replied.
Bryan
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