Relocating to Spain for retirement involves more than just monthly living costs. There are several one-off expenses to consider when planning your move—from visa fees and flights to shipping your belongings and settling into a new home. Proper budgeting can make the transition much smoother.
Typical Relocation Costs for Retirees
Estimated one-off costs for a single retiree: €4,000–€8,000
Estimated for a couple: €6,000–€12,000
Breakdown of common expenses:
- Visa application fees: €60–€400 depending on country and consulate
- Legal & translation services: €300–€1,000
- Private health insurance (required for visa): €1,000–€2,500/year per person
- Flights to Spain: €100–€800 per person (one-way)
- Shipping personal belongings: €1,000–€4,000 depending on volume and method
- Initial accommodation deposit: 1–2 months’ rent
- Furniture and household setup: €1,000–€3,000 (if unfurnished)
Budgeting Tip:
Start with a moving checklist and spreadsheet. Track your anticipated expenses and build in a buffer of at least 15% for unexpected costs.
Save by Downsizing
Many retirees choose to sell or donate large household items before moving. Renting a furnished property for the first 6–12 months can reduce moving and setup costs substantially.
Tax & Banking Setup
You may need to:
- Open a Spanish bank account
- Obtain an NIE (foreigner ID number)
- Appoint a legal representative for tax registration
See our list of Relocation Experts to help with your move here