Cost of Living Comparison Between Madrid and Singapore 

Indices DifferenceInfo
Consumer Prices in Singapore are 54.3% higher than in Madrid (without rent)
Consumer Prices Including Rent in Singapore are 79.2% higher than in Madrid
Rent Prices in Singapore are 125.2% higher than in Madrid
Restaurant Prices in Singapore are 1.4% lower than in Madrid
Groceries Prices in Singapore are 55.7% higher than in Madrid
Local Purchasing Power in Singapore is 6.2% lower than in Madrid
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Madrid Edit Singapore Edit Difference
Meal, Inexpensive Restaurant 14.00 €
(20.41 S$)
10.29 €
(15.00 S$)
     -26.5 %
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 €
(87.47 S$)
61.73 €
(90.00 S$)
     +2.9 %
McMeal at McDonalds (or Equivalent Combo Meal) 9.00 €
(13.12 S$)
6.86 €
(10.00 S$)
     -23.8 %
Domestic Beer (1 pint draught) 3.48 €
(5.07 S$)
6.86 €
(10.00 S$)
     +97.4 %
Imported Beer (12 oz small bottle) 3.50 €
(5.10 S$)
7.20 €
(10.50 S$)
     +105.8 %
Cappuccino (regular) 2.34 €
(3.41 S$)
4.42 €
(6.45 S$)
     +89.4 %
Coke/Pepsi (12 oz small bottle) 2.40 €
(3.50 S$)
1.39 €
(2.03 S$)
     -41.9 %
Water (12 oz small bottle) 1.55 €
(2.26 S$)
1.05 €
(1.53 S$)
     -32.1 %
Markets
Madrid Edit Singapore Edit
Milk (regular), (1 gallon) 4.03 €
(5.87 S$)
10.18 €
(14.84 S$)
     +152.7 %
Loaf of Fresh White Bread (1 lb) 1.32 €
(1.93 S$)
1.75 €
(2.55 S$)
     +32.1 %
Rice (white), (1 lb) 0.66 €
(0.96 S$)
1.12 €
(1.64 S$)
     +71.1 %
Eggs (regular) (12) 2.78 €
(4.05 S$)
3.09 €
(4.50 S$)
     +11.1 %
Local Cheese (1 lb) 5.86 €
(8.55 S$)
7.76 €
(11.31 S$)
     +32.2 %
Chicken Fillets (1 lb) 3.42 €
(4.98 S$)
4.25 €
(6.20 S$)
     +24.5 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.16 €
(8.98 S$)
8.79 €
(12.81 S$)
     +42.7 %
Apples (1 lb) 1.01 €
(1.47 S$)
1.75 €
(2.55 S$)
     +73.8 %
Banana (1 lb) 0.80 €
(1.17 S$)
1.33 €
(1.95 S$)
     +66.6 %
Oranges (1 lb) 0.81 €
(1.19 S$)
1.60 €
(2.33 S$)
     +96.2 %
Tomato (1 lb) 1.04 €
(1.51 S$)
1.21 €
(1.76 S$)
     +16.3 %
Potato (1 lb) 0.62 €
(0.91 S$)
0.95 €
(1.39 S$)
     +52.3 %
Onion (1 lb) 0.67 €
(0.98 S$)
0.95 €
(1.38 S$)
     +40.6 %
Lettuce (1 head) 1.21 €
(1.76 S$)
1.50 €
(2.19 S$)
     +24.2 %
Water (1.5 liter bottle) 0.88 €
(1.29 S$)
1.23 €
(1.79 S$)
     +39.4 %
Bottle of Wine (Mid-Range) 6.00 €
(8.75 S$)
20.58 €
(30.00 S$)
     +243.0 %
Domestic Beer (0.5 liter bottle) 1.14 €
(1.67 S$)
3.74 €
(5.45 S$)
     +226.8 %
Imported Beer (12 oz small bottle) 1.80 €
(2.63 S$)
4.23 €
(6.17 S$)
     +134.6 %
Cigarettes 20 Pack (Marlboro) 5.62 €
(8.20 S$)
11.01 €
(16.05 S$)
     +95.7 %
Transportation
Madrid Edit Singapore Edit
One-way Ticket (Local Transport) 1.50 €
(2.19 S$)
1.37 €
(2.00 S$)
     -8.5 %
Monthly Pass (Regular Price) 40.00 €
(58.32 S$)
87.80 €
(128.00 S$)
     +119.5 %
Taxi Start (Normal Tariff) 3.00 €
(4.37 S$)
2.98 €
(4.35 S$)
     -0.5 %
Taxi 1 mile (Normal Tariff) 1.93 €
(2.82 S$)
1.10 €
(1.61 S$)
     -42.8 %
Taxi 1hour Waiting (Normal Tariff) 22.00 €
(32.07 S$)
13.72 €
(20.00 S$)
     -37.6 %
Gasoline (1 gallon) 6.22 €
(9.07 S$)
7.38 €
(10.75 S$)
     +18.6 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,365.00 €
(48,642.98 S$)
123,464.88 €
(180,000.00 S$)
     +270.0 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,619.74 €
(40,266.94 S$)
108,630.66 €
(158,373.12 S$)
     +293.3 %
Utilities (Monthly)
Madrid Edit Singapore Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 138.91 €
(202.51 S$)
145.02 €
(211.42 S$)
     +4.4 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 13.73 €
(20.02 S$)
16.47 €
(24.01 S$)
     +19.9 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 29.56 €
(43.10 S$)
32.18 €
(46.91 S$)
     +8.9 %
Sports And Leisure
Madrid Edit Singapore Edit
Fitness Club, Monthly Fee for 1 Adult 43.33 €
(63.18 S$)
94.33 €
(137.52 S$)
     +117.7 %
Tennis Court Rent (1 Hour on Weekend) 9.80 €
(14.29 S$)
11.88 €
(17.31 S$)
     +21.1 %
Cinema, International Release, 1 Seat 10.00 €
(14.58 S$)
10.29 €
(15.00 S$)
     +2.9 %
Childcare
Madrid Edit Singapore Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 489.04 €
(712.97 S$)
1,027.98 €
(1,498.70 S$)
     +110.2 %
International Primary School, Yearly for 1 Child 9,061.90 €
(13,211.39 S$)
25,110.09 €
(36,608.12 S$)
     +177.1 %
Clothing And Shoes
Madrid Edit Singapore Edit
1 Pair of Jeans (Levis 501 Or Similar) 67.13 €
(97.87 S$)
61.39 €
(89.50 S$)
     -8.5 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 27.32 €
(39.83 S$)
40.44 €
(58.96 S$)
     +48.0 %
1 Pair of Nike Running Shoes (Mid-Range) 74.79 €
(109.04 S$)
86.63 €
(126.30 S$)
     +15.8 %
1 Pair of Men Leather Business Shoes 81.70 €
(119.11 S$)
98.97 €
(144.29 S$)
     +21.1 %
Rent Per Month
Madrid Edit Singapore Edit
Apartment (1 bedroom) in City Centre 1,190.88 €
(1,736.19 S$)
2,543.56 €
(3,708.27 S$)
     +113.6 %
Apartment (1 bedroom) Outside of Centre 868.24 €
(1,265.81 S$)
1,807.23 €
(2,634.77 S$)
     +108.1 %
Apartment (3 bedrooms) in City Centre 2,077.19 €
(3,028.35 S$)
4,897.10 €
(7,139.50 S$)
     +135.8 %
Apartment (3 bedrooms) Outside of Centre 1,487.21 €
(2,168.21 S$)
3,410.17 €
(4,971.71 S$)
     +129.3 %
Buy Apartment Price
Madrid Edit Singapore Edit
Price per Square Feet to Buy Apartment in City Centre 411.50 €
(599.92 S$)
1,715.74 €
(2,501.39 S$)
     +317.0 %
Price per Square Feet to Buy Apartment Outside of Centre 236.31 €
(344.51 S$)
1,134.97 €
(1,654.68 S$)
     +380.3 %
Salaries And Financing
Madrid Edit Singapore Edit
Average Monthly Net Salary (After Tax) 2,475.10 €
(3,608.47 S$)
4,160.30 €
(6,065.32 S$)
     +68.1 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.48 3.50      +41.0 %
Last update: April 2024April 2024
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