Cost of living and prices in Gibraltar, prices of food, rent, shopping, etc 🇬🇮 Updated Jul 2023

Gibraltar is a small and beautiful country located in Southern Europe. It shares its border with Spain. The country covers an area of 7 square kilometres and has a population of 27,884 with a population density of 3983.43 people per square kilometre. The official language of Gibraltar is English, and it uses the Gibraltar pound as its currency. Gibraltar has a GDP of $1,106,000,000 with a GDP per capita of $39664.

Despite its small size, Gibraltar offers a high quality of life with a low cost of living. The country has a stable economy and attracts a lot of tourists due to its stunning beaches, rich history, and unique culture. Gibraltar's location also makes it an ideal destination for those who want to experience both European and African cultures. Moreover, the country enjoys a Mediterranean climate, which is characterised by long summers and mild winters.

If you're looking for an affordable place to live in Europe that offers natural beauty, culture, and adventure, Gibraltar could be the perfect choice for you. With its unique location and favourable cost of living, Gibraltar is definitely worth considering for anyone looking to experience Europe on a budget.

Cost of Living Estimate in Gibraltar

Total cost of living in Gibraltar for two person with average consumption for one month will be 1264.05 USD, no rent price included. Click here to calculate cost-of-living estimate in Gibraltar

You can calculate cost of living in Gibraltar by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

One of the most popular options for dining in Gibraltar is seafood cuisine. The country is located by the Mediterranean Sea, which provides an abundance of fresh fish and seafood. You can find seafood in various forms, including grilled, fried, or even served raw. From fresh sardines to octopus, there is no lack of options for seafood enthusiasts. A must-try dish in Gibraltar is the calentita, a chickpea flour bread served hot with different toppings. Additionally, Gibraltar boasts a multicultural cuisine scene. You can find an array of international eateries that cater to every taste. From Moroccan to Chinese, Indian to British, there is something to meet everyone's palate.

If you are looking for a more casual yet authentic dining experience, visit one of Gibraltar's local bars or cafes. A popular option is Coffee Shop, where you can sip on a range of coffee blends and sample different pastries. Alternatively, try a traditional British-style pub that serves up delicious pub grub and local ale. For those looking for something a little more luxurious, Gibraltar provides high-end dining options, including restaurants with Michelin-star chefs. These fine-dining establishments offer exquisite dishes with unique flavor combinations and impressive presentation.

Meal in Inexpensive Restaurant
14.06 $
Meal for 2 People, Mid-range Restaurant, Three-course
63.28 $
McMeal at McDonalds or Alternative Combo Meal
9.83 $
Domestic Beer, 0.5 liter Draught
4.64 $
Imported Beer, 0.33 liter Bottle
4.22 $
2.90 $
Coca-Cola, 0.33 liter Bottle
1.83 $

Markets prices

Market prices in Gibraltar can vary depending on the product or service you are seeking. As Gibraltar is a small country with limited space and resources, some items may be more expensive due to import costs or availability. That being said, there are also many local businesses and markets that offer affordable prices on fresh produce and handmade goods. It is important to shop around and compare prices to ensure you are getting the best deal.

The tourism industry in Gibraltar can also impact market prices, especially during peak travel seasons. Restaurants and hotels may increase their prices to cater to the influx of tourists, but there are still affordable options available for those on a budget. Additionally, the duty-free shopping in Gibraltar can provide great deals on luxury items such as perfume, jewelry, and electronics. Overall, market prices in Gibraltar can vary but with some research and flexibility, it is possible to find affordable options for your needs.

Water, 0.33 liter Bottle
1.38 $
Milk, Regular,1 liter
1.67 $
Loaf of Fresh White Bread, 0.5 kg
1.36 $
White Rice, 1 kg
2.24 $
Eggs, 12 pack
2.25 $
Local Cheese, 1 kg
6.10 $
Chicken Breasts, Boneless and Skinless, 1 kg
6.10 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
9.15 $
Apples, 1 kg
3.86 $
Banana, 1 kg
3.31 $
Oranges, 1 kg
3.51 $
Tomato, 1 kg
3.51 $
Potato, 1 kg
3.17 $
Onion, 1 kg
2.46 $
Lettuce, 1 head
1.40 $
Water, 1.5 liter Bottle
1.28 $
Bottle of Wine, Mid-Range Price
7.03 $
Domestic Beer, 0.5 liter Bottle
1.62 $
Imported Beer, 0.33 liter Bottle
2.11 $
Pack of Cigarettes
3.94 $

Transportation prices

One of the most popular options for transportation in Gibraltar is the cable car. The cable car provides a stunning view of the city and its surroundings. It is a great way to get to the top of the famous Rock of Gibraltar while enjoying the breathtaking scenery. The cable car also provides easy access to the top tourist attractions including the Upper Rock Nature Reserve and the Gibraltar Botanic Gardens. Visitors can purchase tickets at the base of the cable car station and enjoy a hassle-free ride to the top.

Another popular method of transportation in Gibraltar is the local bus system. The bus system is a cost-efficient way to get around the city and explore all the popular tourist spots. Buses run regularly throughout the day and stop at several locations including beaches, museums, and other attractions. Visitors can purchase a one-day unlimited pass and take the bus to any destination they desire. Riding the bus is a great way to experience the local culture and interact with friendly locals.

One-way Ticket, Local Transport
1.69 $
Monthly Pass, Regular Price
33.74 $
Taxi Start, Normal Tariff
4.22 $
Taxi, price for 1 km, Normal Tariff
2.82 $
Taxi, price for 1 hour Waiting, Normal Tariff
3.51 $
Gasoline, 1 liter
1.19 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
18,625.35 $
Honda Civic 1.6 Or Alternative New Car
26,354.57 $

Utilities Per Month prices

Visitors to Gibraltar will be glad to know that utilities cost on the Rock are generally affordable. The cost of electricity and gas is typically lower in Gibraltar than in neighboring regions. The price of water is a bit higher but still reasonable.

One thing to note is that electricity is supplied to Gibraltar from Spain, which can cause occasional power outages or fluctuations. However, the Gibraltar Electricity Authority is equipped to handle these situations and works to keep disruptions to a minimum. Visitors should also be mindful of their water usage as the Rock's limited supply means conservation efforts are in place.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
132.57 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.17 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
46.40 $

Sports And Leisure prices

Gibraltar is a small but vibrant destination that offers numerous sports and leisure activities for travelers to enjoy. The Rock of Gibraltar itself is an attraction that adventurous travelers shouldn't miss. You can climb the famous rock with its fantastic view of the Mediterranean or even try its challenging Via Ferrata route. For those who prefer water sports, Gibraltar's beaches offer kayaking, windsurfing, sailing, and scuba diving, where you can explore its rich marine life. If you're looking for something more relaxed, the city's many parks and gardens provide ideal spots to unwind, picnic, or read a book.

Gibraltar is also an excellent destination for avid golfers. The city boasts several beautiful courses that offer stunning views of the surrounding area. Mountain biking and horse riding are other exciting outdoor options. For art enthusiasts, the city offers various cultural events, including concerts, exhibitions, and performances throughout the year. Football is a popular sport in Gibraltar, and you can watch local matches and even take a tour of the Gibraltar Football Association's headquarters. All in all, Gibraltar has a little something for every type of traveler looking for sports and leisure activities.

Fitness Club, Monthly Fee for 1 Adult
65.61 $
Tennis Court Rent, 1 Hour on Weekend
28.12 $

Salaries And Financing prices

Salaries and financing in Gibraltar are quite attractive compared to some other European countries. The economy of Gibraltar is heavily reliant on tourism, financial services, online gaming, and shipping. According to the latest data, the average salary in Gibraltar is higher than in most other countries of Southern Europe. On top of that, there is no VAT (Value Added Tax) levied in the country, which means you can save a lot of money while shopping or dining out in Gibraltar.

When it comes to financing, there are several advantages in Gibraltar. The currency used in Gibraltar is the British pound, which provides stability and credibility to investors and residents alike. The banking system in Gibraltar is renowned for its efficiency and security, with several major international banks operating on the island. Gibraltar also has a low tax regime and an attractive tax-exempt status for companies and individuals domiciled in the jurisdiction, which gives you more disposable income to enjoy your stay or invest in your business in Gibraltar.

Cinema ticket, 1 Seat
10.54 $
Average Monthly Net Salary, After Tax
3,556.82 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
5.85 %

Childcare prices

Childcare prices in Gibraltar can be quite high compared to other countries. This is mainly due to the small size of Gibraltar, resulting in limited availability of childcare spaces. Parents have to plan ahead and register their child as soon as possible to secure a place in a school or kindergarten. The standard of education is high, with qualified teachers and well-equipped facilities. However, the prices can vary depending on the type of school or kindergarten, the age of the child, and the location of the establishment. Overall, childcare in Gibraltar is highly valued and considered a priority for most families.

Schools and kindergartens in Gibraltar offer a variety of programs and services to meet the needs of parents and children. Many schools provide a bilingual education in English and Spanish, which is highly beneficial for both local and international families. Some kindergartens offer extended hours to accommodate parents who work full-time or have other commitments. The curriculum is usually well-rounded, emphasizing on academic, social and emotional development. In addition, schools and kindergartens in Gibraltar provide a safe and friendly environment for children to learn and grow. Despite the high cost, many parents still consider it a worthwhile investment for their child's future.

Private Preschool or Kindergarten, Monthly for 1 Child
597.53 $
International Primary School, Yearly for 1 Child
11,809.99 $

Clothing And Shoes prices

When it comes to shopping for clothing and shoes in Gibraltar, you'll be pleased to know that there are a variety of stores and prices to choose from. Whether you're looking for high-end designer wear or affordable fashion, there's something for everyone. Many of the staple fashion brands that you know and love can be found here, including popular chain stores and local boutiques that offer unique and one-of-a-kind pieces. When it comes to shoes, you'll find a vast selection of styles ranging from casual to formal, as well as a wide range of sizes to suit all needs.

For those who are on a budget, you'll find cheaper alternatives in local markets that offer a diverse range of clothing and shoes. These smaller markets offer inexpensive fashion options, as well as a unique, personalized shopping experience. With a variety of options available, you can be sure to find the perfect clothing and shoes to suit your budget and style. No matter your taste, whether you're into street fashion, athleisure wear, or classic formal attire, you're sure to find something that appeals to you in Gibraltar's numerous shopping venues.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
55.54 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
55.54 $
Pair of Running Shoes, Mid-Range Price
74.99 $
Pair of Leather Business Shoes
84.36 $

Rent Per Month prices

If you're planning a short stay in Gibraltar, there are plenty of options for short-term rentals available. From comfortable apartments to waterfront villas, you're sure to find something that suits your needs and budget. Some of the most popular short-term rentals in Gibraltar include furnished apartments, holiday homes, and hotels. Whether you're traveling alone or with a group, you'll find a range of rental options that cater to your preferences and requirements.

When it comes to the cost of short-term rentals in Gibraltar, it's important to keep in mind that prices can vary depending on a number of factors. The time of year, the location, and the duration of your stay can all impact the cost of your rental. Generally speaking, short-term rentals in Gibraltar can be more affordable than staying in a hotel, particularly if you're traveling with a group. With a little research and some careful planning, you're sure to find a short-term rental that fits your budget and provides you with all the comforts you need for an enjoyable stay in Gibraltar.

One bedroom apartment in city centre
1,476.25 $
One bedroom apartment outside of city centre
1,054.46 $
Three bedroom apartment in city centre
3,655.49 $
Three bedroom apartment outside of city centre
2,952.49 $

Buy Apartment prices

Gibraltar, the British overseas territory, is a thriving hub of real estate buying options. With a string of modern developments and redeveloped historic buildings, the city offers a diverse range of properties for sale. From apartments and penthouses to townhouses and villas, the city has something to offer for everyone. While some properties boast breathtaking views of the Rock of Gibraltar and the Mediterranean Sea, others are located in quieter, more serene parts of the city, providing a perfect retreat from the hustle and bustle of daily life. Regardless of whether you're a first-time buyer or a seasoned investor, Gibraltar's real estate market is an ideal choice for those looking for a good return on their investment.

One of the main attractions of Gibraltar's property market is the price. While there is a wide range of prices, relative to other major European cities, property prices in Gibraltar are affordable and offer excellent value for money. Additionally, the city boasts a low tax regime, which makes it a desirable location for real estate investment. Gibraltar's property market is dynamic and constantly evolving, with new projects and developments emerging all the time. The city's modern infrastructure, coupled with its strategic location, offers an attractive proposition for buyers looking for an investment that can generate long-term returns, whether you're buying a property to live in or for rental purposes.

Price per m2 to Buy Apartment in City Center
8,435.71 $
Price per m2 to Buy Apartment Outside of City Center
5,623.81 $