Cost of Living Comparison Between Taipei and Madrid 
| Indices Difference |  |
|---|---|
| Cost of Living in Madrid is 12.4% higher than in Taipei (without rent) | |
| Cost of Living Including Rent in Madrid is 30.2% higher than in Taipei | |
| Rent Prices in Madrid are 79.5% higher than in Taipei | |
| Restaurant Prices in Madrid are 96.0% higher than in Taipei | |
| Groceries Prices in Madrid are 18.3% lower than in Taipei | |
| Local Purchasing Power in Madrid is 7.2% lower than in Taipei | |
Restaurants | Taipei Edit |
Madrid Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
200.00 NT$ (5.77 €) |
519.83 NT$ (15.00 €) |
+159.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
1,000.00 NT$ (28.86 €) |
2,079.31 NT$ (60.00 €) |
+107.9 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
160.00 NT$ (4.62 €) |
330.09 NT$ (9.53 €) |
+106.3 % |
| Domestic Beer (1 pint draught) |
100.00 NT$ (2.89 €) |
121.29 NT$ (3.50 €) |
+21.3 % |
| Imported Beer (12 oz small bottle) |
110.00 NT$ (3.17 €) |
138.62 NT$ (4.00 €) |
+26.0 % |
| Cappuccino (regular) |
111.98 NT$ (3.23 €) |
84.51 NT$ (2.44 €) |
-24.5 % |
| Coke/Pepsi (12 oz small bottle) |
33.31 NT$ (0.96 €) |
89.33 NT$ (2.58 €) |
+168.2 % |
| Water (12 oz small bottle) |
23.00 NT$ (0.66 €) |
58.14 NT$ (1.68 €) |
+152.8 % |
Markets | Taipei Edit |
Madrid Edit | |
| Milk (regular), (1 gallon) |
364.91 NT$ (10.53 €) |
139.20 NT$ (4.02 €) |
-61.9 % |
| Loaf of Fresh White Bread (1 lb) |
55.56 NT$ (1.60 €) |
49.00 NT$ (1.41 €) |
-11.8 % |
| Rice (white), (1 lb) |
42.52 NT$ (1.23 €) |
23.41 NT$ (0.68 €) |
-45.0 % |
| Eggs (regular) (12) |
91.84 NT$ (2.65 €) |
96.60 NT$ (2.79 €) |
+5.2 % |
| Local Cheese (1 lb) |
230.99 NT$ (6.67 €) |
226.27 NT$ (6.53 €) |
-2.0 % |
| Chicken Fillets (1 lb) |
132.86 NT$ (3.83 €) |
123.38 NT$ (3.56 €) |
-7.1 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
261.58 NT$ (7.55 €) |
223.77 NT$ (6.46 €) |
-14.5 % |
| Apples (1 lb) |
64.93 NT$ (1.87 €) |
36.66 NT$ (1.06 €) |
-43.5 % |
| Banana (1 lb) |
33.66 NT$ (0.97 €) |
28.91 NT$ (0.83 €) |
-14.1 % |
| Oranges (1 lb) |
37.71 NT$ (1.09 €) |
31.52 NT$ (0.91 €) |
-16.4 % |
| Tomato (1 lb) |
51.64 NT$ (1.49 €) |
35.77 NT$ (1.03 €) |
-30.7 % |
| Potato (1 lb) |
40.76 NT$ (1.18 €) |
24.62 NT$ (0.71 €) |
-39.6 % |
| Onion (1 lb) |
35.91 NT$ (1.04 €) |
24.52 NT$ (0.71 €) |
-31.7 % |
| Lettuce (1 head) |
60.24 NT$ (1.74 €) |
41.53 NT$ (1.20 €) |
-31.1 % |
| Water (1.5 liter bottle) |
38.24 NT$ (1.10 €) |
29.55 NT$ (0.85 €) |
-22.7 % |
| Bottle of Wine (Mid-Range) |
400.00 NT$ (11.54 €) |
225.26 NT$ (6.50 €) |
-43.7 % |
| Domestic Beer (0.5 liter bottle) |
50.66 NT$ (1.46 €) |
42.19 NT$ (1.22 €) |
-16.7 % |
| Imported Beer (12 oz small bottle) |
72.73 NT$ (2.10 €) |
63.61 NT$ (1.84 €) |
-12.5 % |
| Cigarettes 20 Pack (Marlboro) |
120.00 NT$ (3.46 €) |
195.80 NT$ (5.65 €) |
+63.2 % |
Transportation | Taipei Edit |
Madrid Edit | |
| One-way Ticket (Local Transport) |
30.00 NT$ (0.87 €) |
51.98 NT$ (1.50 €) |
+73.3 % |
| Monthly Pass (Regular Price) |
1,200.00 NT$ (34.63 €) |
1,732.76 NT$ (50.00 €) |
+44.4 % |
| Taxi Start (Normal Tariff) |
85.00 NT$ (2.45 €) |
116.96 NT$ (3.38 €) |
+37.6 % |
| Taxi 1 mile (Normal Tariff) |
40.23 NT$ (1.16 €) |
72.50 NT$ (2.09 €) |
+80.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
300.00 NT$ (8.66 €) |
823.06 NT$ (23.75 €) |
+174.4 % |
| Gasoline (1 gallon) |
118.73 NT$ (3.43 €) |
219.80 NT$ (6.34 €) |
+85.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
1,059,000.00 NT$ (30,558.20 €) |
1,156,269.99 NT$ (33,365.00 €) |
+9.2 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
824,923.00 NT$ (23,803.74 €) |
966,286.66 NT$ (27,882.89 €) |
+17.1 % |
Utilities (Monthly) | Taipei Edit |
Madrid Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
3,027.90 NT$ (87.37 €) |
5,370.16 NT$ (154.96 €) |
+77.4 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
604.43 NT$ (17.44 €) |
531.41 NT$ (15.33 €) |
-12.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
822.21 NT$ (23.73 €) |
1,089.41 NT$ (31.44 €) |
+32.5 % |
Sports And Leisure | Taipei Edit |
Madrid Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
1,242.76 NT$ (35.86 €) |
1,526.30 NT$ (44.04 €) |
+22.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
321.25 NT$ (9.27 €) |
435.40 NT$ (12.56 €) |
+35.5 % |
| Cinema, International Release, 1 Seat |
300.00 NT$ (8.66 €) |
346.55 NT$ (10.00 €) |
+15.5 % |
Childcare | Taipei Edit |
Madrid Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
21,250.00 NT$ (613.18 €) |
17,874.07 NT$ (515.77 €) |
-15.9 % |
| International Primary School, Yearly for 1 Child |
602,222.22 NT$ (17,377.55 €) |
316,022.21 NT$ (9,119.05 €) |
-47.5 % |
Clothing And Shoes | Taipei Edit |
Madrid Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
1,880.00 NT$ (54.25 €) |
3,042.07 NT$ (87.78 €) |
+61.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
944.88 NT$ (27.27 €) |
1,252.26 NT$ (36.13 €) |
+32.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
2,796.15 NT$ (80.69 €) |
3,024.90 NT$ (87.29 €) |
+8.2 % |
| 1 Pair of Men Leather Business Shoes |
3,333.33 NT$ (96.19 €) |
3,612.14 NT$ (104.23 €) |
+8.4 % |
Rent Per Month | Taipei Edit |
Madrid Edit | |
| Apartment (1 bedroom) in City Centre |
20,948.72 NT$ (604.49 €) |
47,109.38 NT$ (1,359.38 €) |
+124.9 % |
| Apartment (1 bedroom) Outside of Centre |
15,812.50 NT$ (456.28 €) |
33,631.27 NT$ (970.45 €) |
+112.7 % |
| Apartment (3 bedrooms) in City Centre |
51,268.52 NT$ (1,479.39 €) |
80,840.42 NT$ (2,332.71 €) |
+57.7 % |
| Apartment (3 bedrooms) Outside of Centre |
34,640.00 NT$ (999.56 €) |
58,639.78 NT$ (1,692.09 €) |
+69.3 % |
Buy Apartment Price | Taipei Edit |
Madrid Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
38,184.02 NT$ (1,101.83 €) |
17,927.83 NT$ (517.32 €) |
-53.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
18,367.56 NT$ (530.01 €) |
10,782.98 NT$ (311.15 €) |
-41.3 % |
Salaries And Financing | Taipei Edit |
Madrid Edit | |
| Average Monthly Net Salary (After Tax) |
60,622.85 NT$ (1,749.32 €) |
73,251.02 NT$ (2,113.71 €) |
+20.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 1.85 | 3.42 | +85.2 % |
| Last update: | June 2024 | June 2024 | |
| Contributors in the past 12 months: | 290 | 481 |
Moving to Taipei? Explore:
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Cities near Taipei: | Cost of Living in Guangzhou | 5.22 miles |
| Cost of Living in Keelung (Chi-Lung) | 12.98 miles |
| Cost of Living in New Taipei City | 19.05 miles |
| Cost of Living in Zhongli City (Jhongli) | 28.86 miles |
| Cost of Living in Yilan | 35.87 miles |
| Cost of Living in Zhubei City | 49.12 miles |
| Cost of Living in HsinChu | 51.94 miles |
| Cost of Living in Zhunan | 59.17 miles |
| Cost of Living in Miaoli | 70.17 miles |
| Cost of Living in Taichung | 100.49 miles |
Cities near Madrid: | Cost of Living in Pozuelo de Alarcon | 8.64 miles |
| Cost of Living in Getafe | 9.04 miles |
| Cost of Living in Coslada | 9.17 miles |
| Cost of Living in La Moraleja | 11.07 miles |
| Cost of Living in Rivas-Vaciamadrid | 12.79 miles |
| Cost of Living in Fuenlabrada | 15.28 miles |
| Cost of Living in Mostoles | 15.34 miles |
| Cost of Living in Alcala de Henares | 20.54 miles |
| Cost of Living in Soto del Real | 26.90 miles |
| Cost of Living in Aranjuez | 30.41 miles |