It’s a question we are asked all the time by people planning to move to the island.
The easiest way to answer it is to give you some idea of what we pay for things here, and you should be able to work out where you need to add or subtract, based on your particular circumstances.
Household costs
IBI
We have IBI, which is the equivalent of the UK’s council tax here and is paid to your local town hall. Most rentals will include this charge, which is based on the catastral value of your property.
€400 per annum for us in a large house. Halve that for a small apartment.
Electricity
We don’t have any mains gas here, so everything is powered electrically.
€130 per month for us in a house with full air conditioning. Halve it for an apartment.
Water
There´s a myth that water here is expensive, read more »