A cost of living index for Spanish cities

Victor Forte-Campos, Enrique Moral-Benito and Javier Quintana González

Economic Bulletin, 2021, issue 3/2021, No 29

Abstract: Citizens’ well-being depends both on their income levels and on the cost of living in their specific place of residence. However, very limited data are available on differences in price levels across geographical areas within a single country. This article presents a price index for Spanish urban areas covering the period 2004-2020. By way of example, according to this index, the cost of living in the two largest cities (Madrid and Barcelona) in 2020 was nearly 20% higher than the average of other Spanish urban areas. Thus, while average private sector wages in Madrid and Barcelona were 45% higher than in other cities, this gap narrows to 21% when wages are adjusted to reflect purchasing power.

Keywords: cost of living; local prices; purchasing power; urban areas. (search for similar items in EconPapers)
JEL-codes: E31 R11 R12 R23 R31 (search for similar items in EconPapers)
Date: 2021
Note: Analytical Articles
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.bde.es/f/webbde/SES/Secciones/Publicac ... es/be2103-art29e.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bde:journl:y:2021:i:03:d:aa:n:29

Access Statistics for this article

More articles in Economic Bulletin from Banco de España Contact information at EDIRC.
Bibliographic data for series maintained by Ángel Rodríguez. Electronic Dissemination of Information Unit. Research Department. Banco de España ().