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Once settled, the ongoing living costs should also be taken into account. These can vary based on lifestyle and location. For Brian and Jean, the average cost of living in the Andalusia region is approximately €14,450 per year for a couple, excluding housing.
To calculate a more comprehensive budget, add their monthly rent of €1,550 (or €18,600 annually) to the annual cost of living, resulting in a baseline figure of approximately €33,050 per year.
Adjusting for Lifestyle
James emphasizes that these figures are just a baseline, and depending on personal lifestyle and travel plans, the costs may rise significantly. Should Brian and Jean wish to travel back to Miami or take trips throughout Europe, their annual spend may well double.