
Cost of living in Spain it´s slightly cheaper than the average european country, still prices on the cost of living in Spain have raised dramatically over the past 2 years average price for a litre of milk €0.70, loaf of bread €1.10, dozen eggs, €1.15, litre of gas €0.90, pack of cigarettes €3.00, average household bills(gas, electricity) for a family of 3, €160 a month, home, flat rental, €750 upwards(+bills), buying a house, generally around €150000 upwards. Car Insurance from €300-400 upwards, Home Insurance, from€350. You can rent a single Room at a flat share for €300 Wages from €900 upwards for non-skilled workers, and €1200 upwards for qualified workers. Larger cities such as Madrid and Barcelona are slightly more expensive, higher taxes, accomodation. Value Added Tax it´s 18%
The Canary Islands have an special tax status within Spain. There´s no Valued Added Tax on Gasoline, Tabacco, Electronics... which makes them much cheaper than in mainland Spain, but you may find your supermarket or your grocery store much more expensive than in Spain because of the cost of transport.
When you are resident in the Canary Islands you´ll get a 40% discount on your national travels, may be by sea, air
The Balearic Islands cost of living is similar to mainland Spain, that includes groceries, apartment/flat rentals. Air travel when you are resident will be 40% cheaper.
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