Cost of living

Spain-flag-140The cost of accommodation (renting a flat, living in a university residence, etc.) is usually higher in the larger cities. Food prices and the cost of other services tend to be quite similar to the rest of Europe.

Different sources show that the estimated cost of living for students and researchers in Spain is between €900 and €1100 per month.

Money and Banking

The process of opening a bank account in Spain depends on the nationality of the applicant. Residents require a valid passport and resident identity card to open an account, whereas non-residents need to prove their non-residential status; either by acquiring a certificate from the local police issuing office, or by authorising the bank to submit the application for a fee of around €15. The bank account will not be active until the branch has the certificate.

Travelling costs

Students are responsible for their own travel expenses, although they may be eligible for a European grant to cover study in another member state. Students who participate in placement and internship programs organised by private agencies normally pay a program fee that covers registration and enrolment, finding accommodation for the entire period of the stay and placement confirmation.

This fee does not include travel expenses, such as airfares, transfers, local transportation or travel insurance, which must be arranged separately by the student.

Long distance buses cost less than the train, but journey times are about 30% longer and booking tickets in advance is made difficult due to the number of competing service providers in the network.

The cost of travelling within cities in Spain is not expensive: a bus or metro ticket costs about €1.25 to €1.50 and there are usually a number of discounts available.

More information on specific programs:

Do you want to learn more about business culture in Spain?