Are you considering living in Estepona or buying a second home there on the Costa del Sol?
Many of our clients ask us what budget to plan for to live comfortably in this charming Andalusian city. Here is a detailed overview of average expenses to expect.
🏡 Annual costs associated with a 2-bedroom apartment
If you own a 2-bedroom apartment in Estepona, here are the typical utility costs:
- Municipal property tax (IBI): approximately €750/year
- Household waste tax (Basura): approximately €100/year
- Community fees: approximately €2,100/year (or €175/month ) for the maintenance of common areas, swimming pools, gardens, etc.
💡 Regular monthly expenses
For an 85 m² apartment:
- Electricity, water and utilities: approximately €90/month
- Broadband internet: on average €31.25/month (between €20 and €40 depending on the provider)
🛡️ Home insurance
Premiums are generally very affordable in Spain:
- Estimated annual cost: approximately €200/year for a 2-bedroom apartment
(this amount may vary depending on the chosen coverage)
🛒 Cost of daily living in Estepona
Average prices of food products:
- Milk (1L): €1
- Bread (500g): €1.10
- Local cheese (1 kg): €13.90
- Chicken (1 kg): €5.70
- Apples (1 kg): €2.10
- Eggs (12): €2
- Wine (mid-range bottle): €4.80
- Local beer (0.5L): €1.30
- Bottled water (1.5L): €0.71
Estimated monthly food budget:
- Single person: €150 to €250
- Couple: €300 to €450.
These amounts cover basic products, as well as some extras such as drinks or snacks.
🍽️ Restaurants & Leisure
- Cheap restaurant meal: €14.50
- Meal for two in an average restaurant (3 courses): €50
- Cappuccino: €1.80
- Cinema ticket: €8
- Monthly gym membership: €33
- Tennis court rental (1 hour weekend): €12
🚕 Transport & Mobility
- Gasoline (1L): €1.40 – €1.60
- Bus ticket (one way): €2
- Taxi fare: €2.30
- Taxi (1 km): €0.75
- 1 hour taxi wait: €19.20
💶 Taxation & Rental Income
Even if the property is not rented, non-residents must declare a notional rental income:
- Taxable base:
- 2% of the cadastral value (properties >10 years old)
- 1.1% for newer properties
- Applicable tax: 19 %
If the property is actually rented, the tax is also 19% on the rents received (after possible deductions).
✅ Conclusion: What monthly budget should I plan for in Estepona?
For a comfortable life in Estepona (excluding rent or mortgage payments), plan for:
- Single person: €1,200 to €1,800/month
- Couple: €2,000 to €2,800/month
These amounts include accommodation, utilities, food, transport, and leisure activities. They will, of course, vary depending on your lifestyle, but Spain remains very attractive in terms of value for money , especially on the Costa del Sol.
☀️ Want to settle in Estepona?
At Propriété de Rêve , we support you from A to Z in your purchase project on the Costa del Sol.
From the choice of the district to the signature at the notary, until your installation.
👉 Contact us to discover our properties and start your new life under the Andalusian sun!
