Housing Costs: The average property price in Valencia is around €1,826 per square meter, making it more affordable than cities like Barcelona (€4,000/m²) and Madrid (€3,700/m²). However, prime neighborhoods such as Eixample and Ciutat Vella see prices exceeding €3,000/m².

Daily Expenses: Valencia offers a relatively low cost of living, with average monthly expenses for a single person, including rent, hovering around €1,000. Groceries, utilities, and transportation are generally affordable, with public transport costing about €1.50 per ride.

Health Insurance: Spain’s public healthcare system is highly regarded, and residents in Valencia can access it through the national health system. Private health insurance costs between €50-€150 per month, depending on coverage.

Medical Facilities: Valencia has top medical facilities, such as La Fe Hospital, ranked among the best in Europe. Having your medical records translated to Spanish and securing a local GP upon arrival is recommended.

Language Barriers: While Spanish is the official language, Valencian is also widely spoken. Language classes are readily available, with many expats choosing to learn Spanish to better integrate.

Cultural Norms: Valencia is known for its festivals, such as Las Fallas, and a laid-back lifestyle. Understanding local customs, such as siesta hours and meal times, is important for social integration.

Banking: Opening a Spanish bank account is necessary for most financial transactions, including paying rent and utilities. Major banks in Valencia include Banco Santander and BBVA.

Taxation: Spain’s income tax rates range from 19% to 47%, depending on income levels. Valencia follows the national tax system, but it’s essential to understand the implications of Spain’s wealth tax, especially for high-net-worth individuals.

Job Market: Valencia’s economy is diverse, with growth in sectors like tourism, technology, and education. Unemployment rates have been steadily declining, with the rate around 13% in 2023, lower than the national average.

Schools and Education: Valencia offers a range of public, private, and international schools. The American School of Valencia and Caxton College are popular among expats. Public schooling is free, but instruction is primarily in Spanish and Valencian.

Finding a Home: Valencia’s rental market is competitive, with rental prices increasing by 21.6% year-on-year in 2023. The average rent is about €11.9/m², with higher rates in central areas like Ciutat Vella and Ruzafa.

Lease Agreements: Most rental agreements in Valencia are for a minimum of one year, with a two-month deposit typically required. Understanding your rights as a tenant is crucial, as is ensuring the rental contract is clearly outlined.

Public Transport: Valencia has an efficient public transport system, including buses, trams, and a metro. A monthly transport pass costs around €45, and the city is also very bike-friendly.

Driving: If you plan to drive, you may need to convert your license to a Spanish one, especially if you’re from outside the EU. Understanding local driving rules and obtaining car insurance is necessary.