Madrid, Spain is About average overall. Monthly costs are about $1889 for one person and $4256 for a family of four, including rent.
Overall living costs in Madrid are 5% cheaper than the European benchmark.
Madrid is 46% cheaper than New York City, without rent.
Rent in Madrid is, on average, 58% lower than in New York City.
Madrid is a better match for people who prioritize lifestyle benefits and can afford the premium driven by transport and food. For most moderate-income households, housing costs are the main barrier.
The main driver of expenses in Madrid is the cost of transport and food, which can add up significantly. This makes the overall cost of living higher for those who rely on these services.
No, food is actually 16% lower than the European benchmark, making it relatively affordable for residents. This helps to balance overall living costs.
Public transport in Madrid is 45% higher than the European benchmark, which can be a concern for daily commuters. This increase can impact overall monthly expenses for those who rely on public transit.
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| Without Rent | |
| Rent & Utilities | |
| Food | |
| Transport | |
| Monthly Salary, after tax | |
| GDP per Capita | |
| Freedom Index | |
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| Speak English | |
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Update Prices| Lunch menu, inexpensive restaurant | 15.3 $ |
| Dinner | 58.7 $ |
| Fast food, McDonalds or KFC | 11 $ |
| Beer, 0.5 L or 16 fl oz | 4.18 $ |
| Capuccino | 2.93 $ |
| Coke, 330ml | 2.83 $ |
Compare Madrid with:
| Milk, 1 L or 1 qt | 1.19 $ |
| Bread, 0.5 kg or 1 lb | 1.5 $ |
| Rice, 1 kg or 2 lb | 1.51 $ |
| Eggs, 12 pack | 3.24 $ |
| Cheese, 1 kg or 2 lb | 15.1 $ |
| Chicken Breast, 1 kg or 2 lb | 8.47 $ |
| Round Steak, 1 kg or 2 lb | 15.4 $ |
| Apples, 1 kg or 2 lb | 2.61 $ |
| Banana, 1 kg or 2 lb | 2.01 $ |
| Oranges, 1 kg or 2 lb | 2.2 $ |
| Tomato, 1 kg or 2 lb | 2.45 $ |
| Potato, 1 kg or 2.2 lb | 1.85 $ |
| Onion, 1 kg or 2.2 lb | 1.82 $ |
| Water, 1 L or 1 qt | 0.62 $ |
| Coca-Cola / Pepsi, 2 L or 67.6 fl oz | 2.22 $ |
| Wine, 750 mL bottle | 7.49 $ |
| Beer, 0.5 L or 16 fl oz | 1.3 $ |
| Cigarette pack | 6.16 $ |
| One-way Ticket | 1.65 $ |
| Monthly Pass | 45.3 $ |
| Gas or Petrol, 1l or 0.26 gal | 1.85 $ |
| Taxi, 8 km | 15.1 $ |
| Doctor Visit, private clinic | 67.3 $ |
| Cold medicine, for 1 week | 9.3 $ |
| Hair Shampoo, 400 ml or 12 oz. | 3.59 $ |
| Toilet paper, 4 rolls | 2.4 $ |
| Toothpaste, 1 tube | 2.71 $ |
| 1 person, electricity, heating, water & garbage | 98 $ |
| Family of 4, electricity, heating, water & garbage | 152 $ |
| Internet plan, +60 Mbps | 33.1 $ |
| 1 Bedroom Apartment, outside of center, 40 sq.m | 911 $ |
| 3 Bedroom Apartment, outside of center, 85 sq.m | 1,526 $ |
| 1 Bedroom Apartment, in city center, 40 sq.m | 1,256 $ |
| 3 Bedroom Apartment, in city center, 85 sq.m | 2,211 $ |
| Price per Square Meter to Buy Apartment, in city center | 6,496 $ |
| Price per Square Meter to Buy House, in suburbs | 4,015 $ |
| Average Monthly Net Salary, after tax | 2,391 $ |
| Mortgage Interest Rate, for 20 years fixed-rate | 3.68% |
| Fitness Club, Monthly Fee for 1 Adult | 47.2 $ |
| Cinema, 1 seat | 11.5 $ |
| Haircut | 21.5 $ |
| Brand Sneakers, mid-range, Nike or similar | 96.9 $ |
| Brand Jeans, Levis 501 | 89.1 $ |
| Preschool, full day, monthly for 1 child | 585 $ |
| International Primary School, yearly for 1 child | 10,462 $ |