Spain has emerged as the most liveable country in 2024, according to an index that examines a wide range of living costs, including food, gas and utilities.
The Overseas Living Cost Index, compiled by the website Property Guides, examines the cost of living in 13 countries and compares prices in the UK with those in Spain, France, Italy, Portugal, Cyprus, Greece, Ireland, Germany, the United States, Canada, and Australia. , comparing prices in New Jersey. Zealand.
The results bode well for people considering moving to the closest European country to the UK, with Spain revealed to be the most affordable country to live in. This analysis reflects what an expatriate, vacation home owner, or retiree would encounter when settling in a new country. Hometown abroad.
daily living expenses
Unlike other reports that primarily focus on travel and vacation spending, this report delves deeper into day-to-day living expenses to help expatriates, vacation home owners, or retirees settle into their new home abroad. It provides a realistic perspective on everyday expenses you may encounter.
The report’s ‘basket of goods’ includes everyday essentials such as a liter of milk and a loaf of bread, but also includes some British favorites such as the all-important teabag (and bottle of gin). There is.
We also compared the actual costs of building a new home, including the cost of decorative materials such as paint, the cost of an IKEA bookshelf, and the cost of a vacuum cleaner to keep the house clean and tidy. The report also looked at the prices of popular leisure goods and activities, from Netflix subscription prices to movie ticket prices.
electric bill
They also decided to look at electricity prices across Europe, especially since the energy crisis is causing costs to rise everywhere. Electricity prices in the UK aren’t cheap, but they’re still expensive in Cyprus, the US and Canada, and significantly cheaper in Spain and Italy.
As a result, the same “goods basket” that would cost €2,335 in the UK costs just €1,515 in Spain, a huge saving of €820. It is perhaps no surprise that in the UK he is nearly 53% more expensive.
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