Expat Life in Valencia: Your Complete Guide to Living in Valencia

Spain is one of the most vibrant and exciting countries in Europe, and Valencia is an ideal place for expatriates to experience the charm of the nation. Those who choose to live in Valencia are often drawn to its simpler, more relaxed lifestyle, although living in a large Spanish city is not without its share of stress. The good news is that, generally, the cost of living in Valencia is more affordable than in other European cities such as London, Paris, and Amsterdam. While it’s true that earning potential might not be as high in Valencia, its warm climate and rich culture can more than make up for it. Expatriates who thrive in Valencia tend to focus less on the potential drawbacks and more on the positives, such as:

• Its pleasant climate and moderate temperatures year-round, thanks to its Mediterranean location.
• A lower cost of living compared to other European cities, including Madrid and Barcelona.
• Having the beach within the city, allowing for water sports and swims whenever possible.

With this in mind, read on to discover everything you need to know to begin your expatriate life in Valencia.

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The Expatriate Community in Valencia

Valencia is a highly popular city among expatriates due to its lower cost of living, mild climate, and the great possibilities that come with having the beach in the city. Additionally, Spain’s relatively low cost of living and the growing number of businesses will make Valencia even more attractive for expatriates in the coming years. How many expatriates actually live in Valencia? According to figures from the City Council, 133,568 of Valencia’s residents are expatriates or foreign-born. This translates into a strong community of people you can meet and interact with, so you should have no trouble finding bars and events specifically organised for expatriates. Most social media platforms have groups created specifically for expatriates living in Valencia, which you can easily join to meet people.

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Housing for Expatriates in Valencia

As you consider moving to this city, you’re likely to think about renting or buying a home. Let’s look at some key information on how both options work in Valencia.

Basics of Renting in Valencia

If you want to rent a flat or house in Valencia, you’ll probably need to budget for an average of €10.5 per square metre per month (around €525 for a 50-square-metre flat), according to estimates from Idealista. Valencia is a popular destination, and the rental market reflects this. However, it’s not impossible to find a reasonably priced apartment; you just need to search a bit more thoroughly. Most rental contracts in Spain are valid for a period of 6 to 12 months, with the possibility of renewal for the same period. When budgeting for rent and moving expenses, consider a security deposit equivalent to two months’ rent, plus a one-off commission of a few hundred euros if you use a real estate agency to find your home. If you want to be closer to the city centre, opt for a smaller flat, and keep in mind that a furnished flat usually costs more than an unfurnished one (in which case, you’ll need to budget for furniture separately).

Basics of Buying a Home in Valencia

Valencia may be a popular destination for both expatriates and Spaniards, but don’t worry—there are still relatively affordable options that may interest you. In fact, there are good reasons to invest in a home in Valencia. If you’re determined to buy, the average property price in this city as of 2023 is €1,362 per square metre, according to Idealista. As with renting, purchase prices can vary dramatically depending on where you live. The most expensive homes and flats are usually located in neighbourhoods like L’Eixample and Ciutat Vella. To find something more affordable, you might limit your property search to less expensive areas such as Rascanya, Benicalap, and other districts further from the centre. Buying a home in Valencia can make a lot of sense for those who are passionate about the local culture and want to live here for many years. However, it’s important to proceed with caution. When comparing prices, don’t just think about the purchase price of the property. You must also consider financing costs and any other expenses you may incur when acquiring the property. For example, you might need to hire an estate agent to help you find a home, a surveyor to inspect the house, and a solicitor to ensure that all the paperwork is in order.

The Best Areas of Valencia for Expatriates

The most popular and sought-after neighbourhoods in Valencia are:

• Ruzafa: The trendiest area in the city, where tradition meets modernity. It has a vibrant social and cultural life.
• El Carmen: The neighbourhood with the most youthful and alternative vibe. It’s full of students and bohemian types.
• Patraix: A neighbourhood very close to the city centre, full of services, including a hospital.
• Pla del Real: Located very close to the Turia Gardens, it boasts a great selection of bars.

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Finding Work in Valencia

Valencia is home to a growing network of businesses, so job opportunities are much easier to find than before. Booming sectors such as the ceramics industry and the automotive industry make Valencia an especially attractive place to look for work. One of the advantages as an expatriate is language; speaking English is a highly sought-after skill both in Spanish companies and customer-facing roles.

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Obtaining Residency for Non-EU Expatriates in Valencia

One potential hurdle for some may be obtaining a residency permit. If you’re not an EU citizen and you want to move to Valencia for work, you’ll likely need to find a job and a company that will sponsor your residency permit or visa. Expatriates need to complete a series of formalities when they arrive in Spain, which you would be wise to learn about before moving to Valencia.

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Obtaining Residency for EU Expatriates in Valencia

If you’re from an EU member state, you won’t have any issues settling in Valencia, though you’ll still need to complete some formalities.

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Expatriate Salary Expectations in Valencia

You may need to adjust your expectations if you’re thinking of a high salary package. Compared to other major European economies such as France and Germany, the average base salary in Spain is relatively low. According to the National Statistics Institute, the average base salary in Valencia is €25,914 per year, which equates to an average hourly rate of €12.27. This compares favourably with the average base salary in the rest of Spain, which is €25,896 per year. When looking for work in Valencia, keep in mind that a place may seem more or less expensive depending on your income. It’s best to negotiate a salary based on the average pay in your sector or industry in this city.

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Cost of Living in Valencia

Living in a city like Valencia doesn’t automatically mean you’ll save more money. It’s true that residents of Valencia tend to have higher salaries than those in rural or suburban areas, but they also tend to pay more for essential goods and services, such as rent and food. Valencia is particularly known for its high prices when it comes to leisure and dining, as well as housing, which, although more affordable than in Madrid and Barcelona, is still more expensive than in other cities. Keep in mind that the cost of living in Valencia includes not just the essentials but also the activities that allow you to fully explore the local scene. If you’re looking for a quick way to balance your main expenses, check out our 50-30-20 calculator, designed to help you divide your income into three main categories (basic needs, discretionary spending, and savings/debts). You can also enter your specific expenses into our monthly budget calculator to get a clearer idea of your monthly spending.

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Final Thoughts

‍Valencia is a city that offers the perfect balance between a relaxed Mediterranean lifestyle and the vibrant energy of urban living. As an expatriate, you’ll find a welcoming community, affordable living costs, and plenty of opportunities to enjoy all that this beautiful city has to offer. Whether you're planning to stay short-term or make Valencia your long-term home, this guide provides the essential information to help you settle in smoothly and thrive in your new environment. Embrace the culture, connect with fellow expats, and make the most of your life in one of Spain’s most charming cities. Welcome to Valencia!

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