Costa BridgeSpain Relocation Preparation

Altea

Cost of Living

Monthly budget, rent, utilities, groceries, eating out, IBI

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Quick facts

  • Rent for a two-bedroom apartment in Altea ranges from €900 to €1,050 per month.
  • Monthly utility costs, including electricity and water, typically range from €150 to €200.
  • Groceries for a couple average between €250 and €350 per month.
  • Dining out can cost between €12 and €45 per meal, depending on the restaurant.
  • Altea has a functional TRAM service connecting it to nearby towns like Benidorm and Alicante.

Cost of Living in Altea

Altea, located on the stunning Costa Blanca, is known for its picturesque views and vibrant community. For British individuals considering a move or already living in Altea, understanding the cost of living is crucial for effective budgeting and planning.

Housing is one of the most significant expenses when relocating. In Altea, rental prices vary widely based on location and property type:

  • Two-bedroom apartments: €900 - €1,050 per month.

  • One-bedroom flats: €600 - €900 per month.

  • Luxury properties: Prices can exceed €2,500, especially in sought-after areas like Altea Hills.

When considering purchasing property, be aware of the IBI (Property Tax), which is generally moderate compared to other European cities. The annual bill typically ranges from €250 to €600 for apartments and €700 to €1,500 for detached villas, depending on size and location.

From people who live there

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