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Expat Exchange - Cost of Living in Altea 2024
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Cost of Living in Altea

By Joshua Wood, LPC

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Summary: Understanding the the cost of living in Altea helps a newcomer what to expect when it comes to apartment or house hunting, grocery shopping, transportation, dining out, utilities and more.

Cost of Living in Altea - Cost of Living in Altea

Apartment Rentals Rent for a one-bedroom apartment in the city center of Altea is around €500-€600 per month. Rent for a three-bedroom apartment in the city center is around €800-€900 per month. Rent for a one-bedroom apartment outside the city center is around €400-€500 per month. Rent for a three-bedroom apartment outside the city center is around €700-€800 per month.
Apartment Purchases The average price per square meter for an apartment in Altea is around €2,000-€2,500. The average price for a three-bedroom apartment in the city center is around €250,000-€300,000. The average price for a three-bedroom apartment outside the city center is around €200,000-€250,000.
Transportation Public transportation in Altea is relatively inexpensive. A single ticket costs €1.50 and a 10-trip ticket costs €10. A monthly pass costs €30. Taxis are also available and the cost of a ride is around €5-€10.
Groceries The cost of groceries in Altea is relatively low. A loaf of bread costs around €1.50, a liter of milk costs around €1, and a dozen eggs costs around €2.50. A kilogram of apples costs around €2 and a kilogram of potatoes costs around €1.50.
Restaurants The cost of eating out in Altea is relatively low. A meal at a mid-range restaurant for two people costs around €30-€40. A three-course meal at a high-end restaurant for two people costs around €60-€70.
Utilities The cost of utilities in Altea is relatively low. The average monthly cost for electricity, heating, water, and garbage for a 85m2 apartment is around €100-€120. The average monthly cost for internet is around €30-€40.
Private School Tuition The cost of private school tuition in Altea varies depending on the school. The average cost for preschool tuition is around €400-€500 per month. The average cost for elementary school tuition is around €500-€600 per month. The average cost for middle school tuition is around €600-€700 per month. The average cost for high school tuition is around €700-€800 per month.

Monthly Budget for Retirees in Altea

"The cost of living in Altea is generally considered to be quite reasonable. Groceries, utilities, and transportation are all relatively affordable, while rent prices can vary depending on the area. Eating out is also relatively inexpensive, with a variety of restaurants offering good quality food at reasonable prices. Overall, Altea is a great place to live for those looking for a cost-effective lifestyle," said one expat living in Altea.

Can I live in Altea on $1,500 a month?

"I've been living in Altea for a while now, and I can tell you that it's possible to live comfortably on $1,500 a month, but you'll have to make some sacrifices. First, you'll need to find an affordable place to live. I recommend looking for an apartment in neighborhoods like Garganes or Altea la Vella, where you can find cheaper rents compared to the more expensive areas like the Old Town or near the beach.You'll also need to be mindful of your utility bills, as they can add up quickly. Try to conserve energy by turning off lights when you're not using them and unplugging electronics when they're not in use. Also, consider using public transportation or walking instead of driving, as gas prices can be quite high in Spain.Eating out can be expensive, so you'll want to cook at home as much as possible. Shop at local markets for fresh produce and meats, and try to buy in-season items to save money. You can still enjoy the occasional meal out, but try to stick to more affordable options like tapas bars or local cafes.Entertainment costs can also add up, so look for free or low-cost activities to enjoy. Altea has beautiful beaches and parks, so take advantage of the natural beauty and outdoor activities available. You can also find free cultural events and festivals throughout the year.In terms of healthcare, if you're not covered by the Spanish public healthcare system, you'll need to budget for private insurance or pay out-of-pocket for medical expenses. Make sure to factor this into your monthly budget.Overall, living in Altea on $1,500 a month is doable, but you'll need to be mindful of your spending and make some sacrifices. By choosing an affordable neighborhood, cutting back on utilities, cooking at home, and finding low-cost entertainment options, you can make it work and enjoy your time in this beautiful coastal town," commented an expat living in Altea.

Can I live in Altea on $3,500 a month?

"I've been living in Altea for a few years now, and I can tell you that it's definitely possible to live comfortably on $3,000 a month, but you'll have to make some adjustments to your lifestyle. First, you'll need to find an affordable place to live. I recommend looking for an apartment in the neighborhoods of Altea la Vella or Garganes, as they tend to be more affordable than the more touristy areas like the Old Town or the beachfront. You can find a decent two-bedroom apartment for around $800 to $1,000 a month in these areas.When it comes to transportation, owning a car can be quite expensive due to fuel costs and parking fees. I suggest using public transportation or getting a bicycle to get around town. The bus system is quite reliable and affordable, and Altea is a very bike-friendly town.Eating out can also be a significant expense, especially if you're used to dining at high-end restaurants. However, there are plenty of affordable options in Altea, such as tapas bars and local cafes, where you can enjoy a meal for under $15. Cooking at home is also a great way to save money, and you can find fresh produce and other groceries at reasonable prices at the local markets.As for entertainment, you might have to cut back on some of the more expensive activities, like going to the theater or attending concerts. However, there are plenty of free or low-cost events and activities in Altea, such as outdoor concerts, festivals, and art exhibitions. Plus, the beautiful beaches and natural surroundings offer endless opportunities for outdoor activities like hiking, swimming, and cycling.In terms of healthcare, the public healthcare system in Spain is quite good, but you might want to consider getting private health insurance for faster access to specialists and private hospitals. This can cost anywhere from $50 to $200 a month, depending on the coverage you choose.Overall, living in Altea on $3,000 a month is doable, but you'll need to be mindful of your spending and make some adjustments to your lifestyle. By choosing an affordable neighborhood, using public transportation, cooking at home, and enjoying the many free or low-cost activities available, you can live comfortably and enjoy all that this beautiful town has to offer," said one expat living in Altea.

Can I live in Altea on $5,000 a month?

"I've been living in Altea for a few years now, and I can tell you that it's definitely possible to live comfortably on $5,000 a month, even if you're used to modern amenities. Of course, you might have to make a few sacrifices, but overall, the quality of life here is great.First, let's talk about housing. Altea is a beautiful coastal town, so if you want to live right by the beach, you'll probably have to pay a premium. However, there are more affordable neighborhoods a bit further inland. I'd recommend looking at places like Altea la Vella or even the outskirts of the main town. You can find a nice apartment or even a small house for around $1,000 to $1,500 a month, which should leave you with plenty of money for other expenses.As for transportation, having a car can be convenient, but it's not absolutely necessary. The public transportation system is pretty good, and you can get around town easily by bus or tram. If you do decide to get a car, keep in mind that gas prices can be a bit higher than what you might be used to, so that's something to factor into your budget.When it comes to groceries and dining out, you'll find that the cost of living in Altea is quite reasonable. You can get fresh produce at local markets for a fraction of the price you'd pay in a big city, and there are plenty of affordable restaurants and tapas bars where you can enjoy a meal without breaking the bank. Of course, if you want to splurge on a fancy dinner every once in a while, there are some more upscale options as well.One thing to keep in mind is that while Altea has a lot to offer in terms of natural beauty and a relaxed lifestyle, it's not a big city with a ton of entertainment options. You might have to travel to nearby cities like Alicante or Valencia if you're looking for a more vibrant nightlife or cultural scene. However, if you're content with a more laid-back lifestyle, you'll find plenty to do in Altea itself, from exploring the charming old town to enjoying the beautiful beaches.In terms of healthcare, you'll find that the public healthcare system in Spain is quite good, and there are several clinics and hospitals in the area. However, if you prefer private healthcare, you might want to consider getting health insurance, which can be an additional expense.Overall, I think you'll find that living in Altea on $5,000 a month is not only doable but also quite enjoyable. You might have to make a few sacrifices in terms of housing or entertainment options, but the beautiful surroundings and relaxed lifestyle more than make up for it," commented an expat living in Altea.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.


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