If you’re wondering if Estepona is an expensive place to live? Don’t worry we’re here to shed some light on the matter for you. In this article, we will explore the cost of living in Estepona and compare it to other popular locations in the Costa del Sol, such as Marbella, Puerto Banús, Fuengirola, and Benalmádena. We’ll examine aspects such as property prices, rental costs, and taxes to provide you with a better understanding of expenses in this sought after location.
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Property Prices: Estepona vs. Other Costa Del Sol Locations
Here is a breakdown of the average property prices in Estepona, compared to other sought after locations in the Costa del Sol such as Marbella, Puerto Banús, Fuengirola, and Benalmádena:
Average Property Prices
| Location | 1-bedroom Apartment | 3-bedroom Apartment | 3-bedroom Villa |
|---|---|---|---|
| Estepona | €150,000 – €200,000 | €250,000 – €400,000 | €450,000 – €800,000 |
| Marbella | €180,000 – €250,000 | €350,000 – €600,000 | €800,000 – €1.5M |
| Puerto Banús | €200,000 – €300,000 | €450,000 – €800,000 | €1M – €3M |
| Fuengirola | €120,000 – €180,000 | €200,000 – €350,000 | €400,000 – €750,000 |
| Benalmádena | €100,000 – €170,000 | €180,000 – €300,000 | €350,000 – €700,000 |
Estepona offers a range of property prices that are more affordable compared to locations like Marbella and Puerto Banús, but Estepona is slightly higher than Fuengirola and Benalmádena. It presents a well balanced option for those seeking both value and quality in the Costa del Sol property market.
Rental Prices: Estepona vs. Other Costa Del Sol Locations
Below we have listed the average rental prices in Estepona, compared to it’s costal neighbours Marbella, Puerto Banús, Fuengirola, and Benalmádena:
Average Monthly Rental Prices
| Location | 1-bedroom Apartment | 3-bedroom Apartment | 3-bedroom Villa |
|---|---|---|---|
| Estepona | €600 – €900 | €1,100 – €1,700 | €1,800 – €3,000 |
| Marbella | €800 – €1,200 | €1,800 – €2,500 | €2,500 – €5,000 |
| Puerto Banús | €1,000 – €1,500 | €2,000 – €3,500 | €3,500 – €8,000 |
| Fuengirola | €500 – €800 | €900 – €1,500 | €1,500 – €2,500 |
| Benalmádena | €550 – €850 | €950 – €1,600 | €1,700 – €2,800 |
In terms of rental prices, Estepona lies in the middle, with more reasonable rates than it’s closest neighbours Marbella and Puerto Banús and it’s only marginally higher than Fuengirola and Benalmádena. This makes Estepona an attractive option for renters seeking a balance between affordability and the living their dream coastal lifestyle.
Taxes: Estepona vs. Other Locations
Taxes in Estepona are similar to other areas in the Costa del Sol. Here’s an overview of the main taxes for all these areas:
- IBI (Impuesto sobre Bienes Inmuebles): Annual property tax based on the cadastral value of the property, usually ranging from 0.4% to 1.1%.
- Non-resident income tax: 19% for EU/EEA residents and 24% for non-EU residents on rental income.
- Plusvalía tax: A municipal tax levied on the increase in the value of the land when a property is sold.
While there may be slight variations in tax rates between Estepona, Marbella, Puerto Banús, Fuengirola, and Benalmádena, the overall tax structure in remains relatively consistent across the the Costa del Sol.
Conclusion
Compared to popular locations like Marbella, Puerto Banús, Fuengirola, and Benalmádena, Estepona offers cost-effective property and rental prices whilst maintaining a desirable lifestyle. This makes it an appealing choice for those seeking a great living experience in the Costa del Sol. Estepona strikes a perfect balance between both affordability and quality of life.
If you want to learn more about life in Estepona, take a look at our in depth Estepona article: Why Choose Estepona for Your Dream Home Location?
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