If you have decided to make the move to Madrid, it is important to know what to expect in regards to the cost of utilities. After all, you would like to avoid to have any problem and take full advantage of all the vibrant and exciting city of Madrid has to offer. Here is a list of the 5 things you need to know about utility costs.
1 – Your monthly utility costs can range from as little as €40 to almost €300.
Keep in mind that these are merely estimates and the final cost will be dependent upon how much of each utility you use while living in Madrid. The numbers discussed below cover the basics. If you prefer to live a bit more luxuriously, you can expect to pay more.
If you rent a room in a shared flat, it typically includes all of your bills, although around 10% will ask you to pay the bills on top of your monthly rent. In most cases, you can expect to pay somewhere in the range of €50-€100 per person in a shared flat.
- For a studio or one bedroom, the average is €100.
- For a two bedroom apartment, the average is €150.
- For a 3 or more bedroom apartment, the average is €200.
- For a 3 or more bedroom house, you can expect to pay close to €300 a month.
2 – Pay attention to how much you are paying monthly for water.
Usually water costs around €20 per person each month. However, your costs may be less if you have a personal boiler or live in a building where the old water prices still apply.
3 – Expect higher energy bills if you frequently use electrical appliances.
The amount you pay for electricity and gas is dependent upon how much you use. Moderate usage usually averages around €50 per month. However, if you tend to use electric appliances, such as air conditioning and heat, frequently, your cost may be closer to €100 a month.
4 – Depending on what package you choose, your internet and landline costs can get more or less expensive .
For a basic ADSL internet connection, you will pay €20 a month, while choosing an 100 Mb optical fibre connection will cost you around €65. This includes your landline, as well as its maintenance and usage fees, which are €13 on top of the VAT.
5 – Your landlord is responsible for some of your utility costs.
There are several other taxes in Madrid, but they should be paid by the landlord, which applies to 99% of the buildings. One example is garbage tax, which can range from €50 to €300 a year.
We hope this information has provided the knowledge you need regarding utilities to ensure a smooth move to Madrid. Welcome to Madrid!