Living in Andorra has become fashionable. This country has been placed at the top of the world rankings due to its low rents and taxes and the great quality of life and security that exists in this country.
We explain what it is like to live in Andorra and the cost of living in Andorra.
The Cost of Living in Andorra at a Glance
Andorra, a small country located in the Pyrenees between Spain and France, offers a picturesque setting and a high quality of life.
However, it is essential to understand how the cost of living in Andorra compares to other places before making the decision to settle there. Below, we explore the different aspects that influence the cost of living in Andorra.
In recent years the price of rent in Andorra, as well as the price of urban transport, basic food products such as milk or white rice, clothing and other public services, have gone up in price, not only food in general.
This is due to the quality of immigration that Andorra has suffered during the last years.
Andorra has a very interesting fiscal panorama for businessmen and entrepreneurs, since living in the Principality of Andorra, allows you not to be taxed at high percentages on business profits. If you need more information about this, you can contact us without any problem.
Housing and Lodging
The cost of housing in Andorra varies according to the location and size of the property.
Urban areas and tourist centers tend to have higher prices, while rural areas can be more affordable.
Monthly rent for a one-bedroom apartment can range from 800 to 1,200 euros, while buying a property may require a considerable investment.
There are currently many variable options for renting a property in Andorra, however, the further away from the center of Escaldes or Andorra la Vella, the cheaper your apartment will be (except for the Ordino area, which is usually more expensive).
Buying an apartment in Andorra is currently a great investment idea, but it is true that the real estate market, buying apartments in Andorra is complicated because prices have increased significantly. It is really what both tourists and residents (foreigners of new investments) are demanding.
An apartment in Andorra la Vella or in Escaldes Engordany, can range from 300,000€ to a million or even a million and a half if you choose one of the options located in the new towers that have been built in the center of Escaldes Engordany.
In this new area, good restaurants are being located, as they have an excellent location in the center of the Principality of Andorra. Although this type of restaurant is established as a more luxury restaurant, they also offer a very interesting menu for those who work in public services or in private companies nearby.
It is true that many people are currently moving to la seu d’urgell (last town in Spain before reaching Andorra) as they are looking for a place to stay or more affordable housing.
And la seu d’Urgell is a large town right on the border of Spain with Andorra.
Food and Groceries
Food costs in Andorra can also vary.
Supermarkets offer a wide range of products, from local to international brands.
It is estimated that a basic food basket for one person can cost around 150 to 200 euros per month.
However, it is important to keep in mind that price data can fluctuate depending on the season and the availability of imported products.
You also have to take into account that there are in Andorra different types of supermarkets in which the 1 liter of milk can vary from 1,25€ to 1,30€.
The same goes for other food or other items, so you will have to take this into account to live in Andorra.
Transportation and Mobility
Public transport in Andorra is efficient and accessible, costing around 25 euros per month for a transport pass.
Those who choose to own a private vehicle should consider the cost of gasoline and maintenance.
Car and fuel prices are usually cheaper due to taxes. As is well known, Andorra has cheaper fuel than Spain and France.
In fact, it is quite common to see in Pas de la Casa, cars with French license plates refueling.
There are also parking cards so that parking in the center of Andorra la Vella or Escaldes can be more economical.
The main cities offer this type of product to their residents to make the cost of living in Andorra more affordable.
Entertainment and Leisure
Andorra offers a wide range of entertainment and leisure activities, from winter sports to cultural and nightlife options.
Prices for these activities may vary, but in general, entertainment in Andorra tends to be competitive compared to other European countries.
For example, the price of cinema in Andorra is much cheaper than elsewhere, the entrance on a weekday is priced at € 6.90 and on holidays € 8.
It is something that people in Andorra tend to resort to a lot.
Basic Services and Other Expenses
Basic utilities, such as electricity, water and heating, also contribute to the cost of living in Andorra. On average, these expenses can be around 100 to 150 euros per month.
In addition, it is essential to consider other expenses, such as health insurance, education and communication.
It is important to note that water consumption in Andorra is not paid for. The only thing you pay for is the access to water. So it is a country where the monthly expenses are significantly reduced because in Andorra you will not have to pay astronomical water bills.
It is also important to take into account that in Andorra the electricity bill can vary between 30 euros and 100 euros in winter. Electricity in Andorra is relatively cheap, which reduces the cost of living in the country. Living in Andorra is a great option.
However, the telephone and internet bill is what can make it more expensive to live in Andorra, since normally you usually pay between 35 and 80€ per month to have all the services.
In summary
The cost of living in Andorra can vary depending on a number of factors, including location, lifestyle and individual spending preferences.
While some aspects, such as work and housing, can be more expensive, others, such as food and public transportation, can be relatively affordable compared to other European countries.
Before making the decision to move to Andorra, it is crucial to conduct thorough research and evaluate how the cost of living fits your personal needs and goals.
Contact us without obligation
If you have questions about accommodation in Andorra, about buying a property in Andorra, about renting or leasing a property in Andorra, or if you have general questions about prices and expenses in Andorra, contact us without obligation through our email or whatsapp.
