Cost of Living in Madrid, Spain

Prices in Madrid

More about Madrid:
Restaurants [Edit]
Meal, Inexpensive Restaurant 10.00 €
Meal for 2 People, Mid-range Restaurant, Three-course 40.00 €
McMeal at McDonalds (or Equivalent Combo Meal) 7.00 €
Domestic Beer (0.5 liter draught) 3.00 €
Imported Beer (0.33 liter bottle) 3.00 €
Cappuccino (regular) 1.71 €
Coke/Pepsi (0.33 liter bottle) 1.86 €
Water (0.33 liter bottle) 1.26 €
Markets [Edit]
Milk (regular), (1 gallon) 3.27 €
Loaf of Fresh White Bread (1 lb) 0.75 €
Rice (white), (1 lb) 0.43 €
Eggs (12) 1.55 €
Local Cheese (1 lb) 4.59 €
Chicken Breasts (Boneless, Skinless), (1 lb) 3.09 €
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 5.09 €
Apples (1 lb) 0.87 €
Banana (1 lb) 0.78 €
Oranges (1 lb) 0.66 €
Tomato (1 lb) 0.80 €
Potato (1 lb) 0.30 €
Onion (1 lb) 0.38 €
Lettuce (1 head) 0.99 €
Water (1.5 liter bottle) 0.81 €
Bottle of Wine (Mid-Range) 5.00 €
Domestic Beer (0.5 liter bottle) 0.80 €
Imported Beer (0.33 liter bottle) 1.17 €
Pack of Cigarettes (Marlboro) 4.98 €
Transportation [Edit]
One-way Ticket (Local Transport) 1.50 €
Monthly Pass (Regular Price) 54.50 €
Taxi Start (Normal Tariff) 2.67 €
Taxi 1 mile (Normal Tariff) 1.69 €
Taxi 1hour Waiting (Normal Tariff) 20.50 €
Gasoline (1 gallon) 4.73 €
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 18,500.00 €
Utilities (Monthly) [Edit]
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 145.37 €
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.15 €
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 34.43 €
Sports And Leisure [Edit]
Fitness Club, Monthly Fee for 1 Adult 40.38 €
Tennis Court Rent (1 Hour on Weekend) 11.77 €
Cinema, International Release, 1 Seat 9.00 €
Clothing And Shoes [Edit]
1 Pair of Jeans (Levis 501 Or Similar) 77.34 €
1 Summer Dress in a Chain Store (Zara, H&M, ...) 29.19 €
1 Pair of Nike Running Shoes (Mid-Range) 76.43 €
1 Pair of Men Leather Business Shoes 87.38 €
Rent Per Month [Edit]
Apartment (1 bedroom) in City Centre 702.98 €
Apartment (1 bedroom) Outside of Centre 511.90 €
Apartment (3 bedrooms) in City Centre 1,296.15 €
Apartment (3 bedrooms) Outside of Centre 880.77 €
Buy Apartment Price [Edit]
Price per Square Feet to Buy Apartment in City Centre 343.44 €
Price per Square Feet to Buy Apartment Outside of Centre 212.83 €
Salaries And Financing [Edit]
Average Monthly Disposable Salary (After Tax) 1,368.40 €
Mortgage Interest Rate in Percentages (%), Yearly 3.00

These data are based on 2429 entries in the past 12 months from 212 different contributors.

Last update: October, 2015

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28 Comments so far
#Suman on Sep 02, 2015 :
Greetings from Nepal!

As earthquake devastated Nepal & no more job opportunities now as many monuments are destroyed & number of tourist arrival is decreased.

In this situation we are unable to work in our country & looking some works outside. If you have any vacancy on the whatever the post is, it does not matter. If you have any job please do contact me, I will be ready to work for your company & help to achieve company's goal.

I will be glad if you would help me to get to your country for a job.
#Felix d Souza on Jun 24, 2015 :
What is the cost per square meter
Of a ready house within Madrid main City
Since I am planning to buy and move from
Present place that isNew Zealand

And also advise what is the running and maintenance cost of the house per square meter

What is the living cost for two per month

#salman khan on Apr 23, 2015 :
Hello everyone,
i am IT Administrator i am looking for a job and want to move Madrid city because where i live in alicante there is no option to live,so make a plan to move ,if anybody who live madrid please tell me what is the situation in madrid in IT field?my mail address is plz i need your help to for my better future...
thanks sam
#Pedro on Mar 13, 2015 :
I have an offer of 18000€ gross per annum to work in Madrid but I feel it might be too little for the life cost in Madrid. Would this allow me to save anything decent after taxes? Or would it just be bare minimum with little or no change to save money?

Thank you for any input.
#Simba on Jul 09, 2014 :
Hello Guys,

Am offered a Job in Madrid, with Monthly Salary 3000 Euros, I have two Daughters (5 & 2), they don't speak Spanish, but they speak natively English & Arabic.

Do you think it will be enough to live in Spain?

#Habtamu Asittaikie on Jun 22, 2014 :
My name is Habtamu Asitatikie from Ethiopia and in the coming September 2014,I will come to Madrid for study.

I got full scholarship and currently trying to accomplish my VISA issue.

What is the living expense seems?
I will get 1000 euro per month.

May this will be affordable with out jobs?
#matt on May 22, 2014 :
I currently make $70,000 a year plus company car/gas.
I am going to start making $80,000-$90,000 relocating to a new company in Miami.
There is an opportunity to work in Madrid and they are asking me what my salary requirements are.
I lived in Madrid as a kid and understand what living there is going to be like, but I have no experience with the cost of living.
How much would I need to ask in Euros in order to have a similar lifestyle as making $80-$90k a year living in Miami?
Would it also be reasonable to ask for spanish tutoring for the kids and/or private english school to be paid by employeer? What about for my wife?
#Anonymous on Apr 17, 2014 :
No. Unless you go to an Eastern European country, that kind of money won't get you far in most of Western Europe.

Spain is fairly cheap and much cheaper compared to, say, Italy, France or the UK but still if you want to go out etc €400 is too little even in Spain.
#Blake on Apr 16, 2014 :

I was offered a job with a language assistant program in Spain today. I was placed in Madrid and the details include that I would live a year in Madrid with a host family, whom would take me in for 8 months as an additional member of their family. To me, this is a nice option because I will not have to worry about paying for food or living expenses. However, I will be earning 400€/month working 20 hours/week. Even though I will not be worrying about food or room, is this realistic to live on in Madrid? I have done some traveling before but not in Europe, so I would appreciate any advice you might have.

Thank you,

#Vento on Jan 28, 2014 :
Am considering to move to Madrid with my two daughters ages are 11 n 8 how would the school work for them since we have always lived in Miami Fl?
#Peter Cole on Dec 17, 2013 :
Thanks for the page! It's very useful!
I've lived in Madrid for three months during the summer and I can truly say the city has a great atmosphere, filled with funny people and an absolutely buzzing nightlife! ·Its fairly cheap to live out here, although I have visited towns which have been cheaper in Spain, but to be fair Madrid is not at all expensive if you know where to go! The public transport is very good, price-wise (around 50€ for a monthly pass)and the accommodation even more so. During my stay, I lived in a very cheap flat in the very center of Madrid for 300€ per month - with the aid of the Spanish language school where I studied. If someone is interested in Madrid, here is a video from two very good friends of mine at the school, talking about life in this great city.
#Azra on Oct 22, 2013 :
Hi there!
I'm considering an internal transfer, from my homecountry (Malaysia), to Madrid. I've spoken to the HR side in Madrid, and all work scope had been briefed accordingly.
The next step is for me to send them the remuneration package that I think would be ideal for me. The position that is being opened is Senior Manager, Corporate Communications. I'm a Bachelor's degree holder, and in total, I have 11 years of experience in communications, media and corporate responsibility areas. I'm female, married with 2 kids. Currently, I'm earning RM5,500 per month (which equates to about 1,264.24EUR).
I would appreciate it, if any of you could assist me in sharing some info... especially on the estimate range of salary that I can propose. Thank you.
#Miguel Pérez on Aug 22, 2013 :
Note: Average salary in Madrid after taxes, for the people who do have a job nowadays, is just above 1000. Businesses and our dearest government are taking advantage of the economic crisis to make our lives even more miserable by lowering salaries for everyone. Of course, 1000 € a month is not enough to live alone in Madrid (much less for two people or a family with kids), and if you're coming from somewhere else you should ask for twice that much at the very least.

CN-Madrid: 40K per year (before huge taxes) is more than enough to live for a single person if you rent.

Mehdi: Depends on where you work and what kind of services you like. If I could I'd live in a country house or villa in the mountains. If I have to work at the office, I'd live in a house in a satellite city (e.g. for Madrid: perhaps Tres Cantos, Majadahonda, Villalba or Boadilla del Monte?). If you like to live in big city centres, you can afford almost anything in Madrid (Salamanca district).

Noel: I suppose a household income of 60000 € would be adequate if you want to live in the centre of Madrid. Education is free (mostly free now, thanks to our beloved government and austerity), unless you want private education. Health is free (partly free now, thanks to our beloved government and austerity), but private health services which work in addition to social security will cost some 60 € a month per person.

Debasish Sarkar: That's far more than Spaniards would make in that position.

Sam: 24K is the bare minimum you'd need as long as you live in a cheaper satellite city (e.g. Leganés, Getafe, Fuenlabrada) and don't have an expensive life style. It's not a great offer, but salaries in Spain are that bad.
#CN-Madrid on Jul 24, 2013 :
40K per year in Madrid is enough for to live OK for a single person?
Thanks for your help
#Mehdi on Jul 22, 2013 :
I am thinking of moving to Spain along with my wife and 14 year old son . I make more than 100,000 Euro annually after taxes . Were will it be more suitable to us to live in Spain and were do we fit in as living class is concerned.
#Noel on Jun 02, 2013 :
I'd imagine that most of the posters and the costs of living here rfer to a single person, but how much sould someone like me, a married man with a wife and 2 small babies need to live in Madrid. Assuming rent of say 800 euro a month, and assuming schooling costs for my 2 kids. Finally how much would provate medical cover cost us.


#Debasish Sarkar on May 22, 2013 :
I have got a job offer as a Lead Engineer and posting will be in Madrid head quarter. ...and they are offering me 65K € per annum including tax but they will provide family accommodation in the same city, which is excluding my salary. Is this offer is good for me??? Can you tell me with this salary how much tax I have to pay???
#Sam on May 03, 2013 :
Hello all,

I have got an offer at Madrid, Spain for 24000 Euros gross per annum, will it be ok to run my salary with the salary (which I don't know what it will be post tax)for me, my spouse and my 9 months old kid? Please let me know your views. Thanks.
#ju on Mar 25, 2013 :
salary is high, average in a spanish company is 1.300 few people makes more than 2.000 after taxes.
#Yops86 on Jan 06, 2013 :
Well, about the cities you said, Castuera, Plasencia, Bejar and Reinosa are towns that have less than 100000 people, I am from Badajoz and I can say it is a very cheap place and maybe the cheapest in all Spain, and population is about 150000. But it will be very difficult to find people who speak in english, anyway the people are very friendly and always we try to make feel foreigners like in their home.
#Los Angeles, CA on Nov 24, 2012 :
Which from among the following cities is the CHEAPEST? NO, not little towns, cities with more than 100,000.00 people? For example, cities like VALLADOLID, CASTUERA, CACERES, BADAJOZ, BEJAR, PLASENCIA, REINOSA, TOLEDO, and SANTANDER. I would like to know which from among these cities is the least expensive please - however, still has a GREAT entertainment scene??? Thank you to anyone who can answer this inquiry for me. Much appreciated.
#d on Nov 05, 2012 :
isn't 600 EUR a typical monthly payment of hipoteca in Spain? So, with 600 -1500 EUR net income of "medium class", who the hell brings 600 EUR every mo nth to the bancs??
#Paulo on Oct 18, 2012 :
I live in Madrid, and from the reality I see from me, family and friends of diferent areas, the "Median Monthly Disposable Salary" is in reality something around 700-1500€ for the medium-class. Above that would be high-class (minority) and below that would be lower-class (a growing minority...)
#d on Oct 03, 2012 :
El 47% de los madrileños no llegaba a mileurista en 2010
#Mladen on May 06, 2012 :
I also was surprised by the average salary until someone showed me an article in newspaper:
Madrid average gross salary: 2.161€ in 14 pays. Around 1.600€ net in 14 pays. Around 1.850€ net in 12 pays.
#miguel on May 06, 2012 :
I read that article as well... i dont know where they got that information... actually, not even an engineer with years of experience is getting that salary of about 1800 euros

Transportation of 50€ is also an average, my monthly pass is 67€ :)

but this page stands for a great idea
#Mladen on Mar 26, 2012 :
cadornea, you are not correct regarding 1km taxi. Regarding gasoline, it changes frequently and it will take some time for new data to pick it up.
#cadornea on Mar 24, 2012 :
1 km by taxi it cost arround 6€.
Take a bottle of water (1,5 lt) at supermarket it cost arround 0,44€
1 way ticket by bus 1,5€
Median Monthly Disposable Salary (After Tax) no more than 1400€
Gasoline 1.65€

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