How Much Does It Cost to Live in Bilbao, Spain?

Bilbao is a medium city located in Spain with a metropolitan area population of 347,965. A couple could live a moderate lifestyle in Bilbao on a budget of $2,612 per month, or $31,338 per year.

Cost of Living in Bilbao, Spain

As noted above, the cost of living in Bilbao, Spain is $2,612 per month for a couple living a moderate lifestyle. This budget consists of $1,458 for housing related costs, $447 for food, and $706 for other costs, all of which will be broken down below.


  • A one-bedroom apartment in the city center of Bilbao is estimated to cost $1,216
  • Basic utilities including electricity, water, and gas will run about $177
  • High-speed internet averages $65


  • Typical grocery costs of $357 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $47
  • Frequent coffees in a neighborhood café are estimated to be about $44


  • Meals out are estimated to be $414 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $109 for public transport passes and occasional taxis
  • Fitness center memberships of $136
  • Cinema tickets of $46 include several outings for international releases

Note that Bilbao, Spain is a very walkable city with a Walk Score of 100/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.

Amount of Money Needed to Retire in Bilbao, Spain

Many people searching the internet for the cost of living in Bilbao, Spain are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $783,456 to live a moderate lifestyle in Bilbao, Spain.

Annual expenses of $31,338 ÷ 4% = $783,456 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.


Overall, the cost of living in Bilbao, Spain is affordable coming in at $2,612 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $783,456.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s