Anyone considering moving to a new country should consider the cost of living on the other side.
While you will quickly find that the tax system in Andorra is favorable, you know that Monaco also has low tax rates, but few can afford or justify living there after they pay the high cost of living.
While it is impossible to list everything you can buy when moving to Andorra, in this article we will give you an overview of some of the different prices that will affect your daily life in Andorra.
We think you will find that the cost of living in Andorra is very reasonable.
Groceries and restaurants
The best place to start this list is with the most basic need of every human being: food.
No matter where you choose to live, you will eat. Knowing the prices will allow you to create a reasonable budget.
Cost of groceries in Andorra
Considering that Andorra is a country with very little locally grown and produced food, food prices in Andorra are competitive.
Obviously prices will fluctuate, but for the most part you will find products at the prices listed below in your local supermarkets :
- Rice: 1.25 euro/kg.
- Pasta: 1.20 euro/kg.
- Beef: 15.80 euros/kg.
- Chicken breasts: 8.90 euro/kg.
- Bread: 1.20 euros/loaf
- Local cheese: 17.00 euros/kg.
- Potatoes: 1.20 euro/kg.
- Banana: 2.20 euros/kg.
- Salad: EUR 1.60/kg.
- Apples: 1.90 euro/kg.
- Tomatoes: 2.00 euro/kg.
- Carrots: 1.50 euros/kg.
- Milk: 0.85 euros/liter.
Cost of restaurants per person
Average restaurants and cafes in Andorra la Vella charge between 8 and 15 euros per person for a large meal, including two courses and dessert. Some of them include drinks, while others will require you to pay extra.
For this price you can expect decent quality local food, with a variety of cuisines and in different locations.
If you’re looking for something more sophisticated, you can find popular mid-range restaurants with excellent quality three-course menus for between €25 and €50 per person.
Corps
Depending on where you plan to stay, the price in Andorra can vary greatly. If you’re planning to stay here indefinitely, you’ll have to think about renting or buying a property.
Cost of renting real estate in Andorra
Depending on the number of bedrooms, bathrooms, location and other advantages, the cost of renting an apartment usually ranges from 500 to 1500 euros per month.
For example: a modern unfurnished 80 m² apartment with 2 bedrooms and 1 bathroom in La Massana, including parking, can be rented for approximately €650 per month.
Property prices in Andorra
If you want to buy a property, the price of a two-bedroom apartment (~80 m²) can range from 250,000 to 400,000 euros.
Below are the average advertised property prices (per square meter) at the time of writing:
Chalets: 2,768.12 euros m²
Duplexes and townhouses: 2,944.29 euros m²
Apartments: 3,268.41 euros m²
Land: 726.48 euros m²
As in any country, property prices vary greatly depending on location. If you’re looking for more price information and property tips, check out our guide to the Andorran property market.
Utilities and services
- Electricity: 80-90 euros/month.
- Internet services 300 Mbit/s: 39 EUR/month.
- Utility fees for cleaning, heating and maintenance: 1000 euros per year.
Transport
To explore and enjoy all the wonderful places Andorra has to offer, you will have to move around a lot. Luckily, Andorra’s transport system is efficient and inexpensive compared to other countries.
- Vehicle fee: about 100 euros per year.
- Car insurance (third party liability): 290 euros/year.
- Full car insurance: from 370 to 2500 euros per year.
- Diesel fuel: 1.06 euro/liter.
- Gasoline: 1.21 euros/liter.
- Monthly bus pass: from 70.00 euros.
- Taxi cost: from 1.14 euros/km.
Training and Education
The level of education in Andorra is excellent, and schools are free for citizens and residents of the country – most schools teach up to four languages (Catalan, Spanish, French and English) and are internationally recognized. This way, you as a parent will not have to worry about paying school fees for your children.
However, private tuition is also a good option if you prefer it to the public alternative. The cost of private education in Andorra is as follows:
- International school: €7,450–€12,750 per year.
- Summer school: 875 euros per month (day course) or 1975 euros per month (boarding school)
Products for entertainment and recreation
What is life without a little pleasure? Here are the prices for everyday goods and “leisure” services throughout Andorra, including the cost of beer, coffee, cigarettes and others.
- Gym membership: €40 per month (includes sauna, pool and variety of classes)
- Bike park/ski season passes for residents: €168/year.
- Local beer: 0.30–0.75 euros/can.
- International beer: 1–3 euros/bottle.
- Wine: 4-10 euros/bottle (obviously the price varies greatly, but excellent wine can be bought inexpensively thanks to low duties in Andorra)
- Coffee: 1.25 euros for a regular cappuccino in a cafe.
- Cigarettes: 3.50 euros (20 packs of Marlboro)
- Cinema ticket: 7 euros (and yes, the screenings are in English!)
Keep in mind that prices can increase if you buy beer in bars and restaurants, for example, the price of a beer in Andorra can be as little as €0.30 in shops, but around €3 in a pub.
Summary and comparison with other countries
Average prices in Andorra are 10–25% lower than most European countries and almost 40% cheaper than destinations such as Singapore and Hong Kong.
This is mainly due to low import tax tariffs, as well as lower business and personal taxes.
Although the country is small, it has a well-developed banking system, which supports the economy and provides a diversified market.
One of the most important aspects of the economy is the inflation rate, which, according to the Department of Statistics, was 2.6% in 2017 – a controlled inflation rate that has been tracked for decades, meaning prices will not vary much in the coming years. .
If you’re looking to settle in Andorra, most consider that a monthly salary of 3,000 euros is enough to live a frugal life here, plus you’re almost exclusively looking at luxury items!