Cost of Living Comparison Between Gent and Madrid 

Indices DifferenceInfo
Consumer Prices in Madrid are 18.3% lower than in Gent (without rent)
Consumer Prices Including Rent in Madrid are 2.8% lower than in Gent
Rent Prices in Madrid are 47.4% higher than in Gent
Restaurant Prices in Madrid are 26.6% lower than in Gent
Groceries Prices in Madrid are 14.9% lower than in Gent
Local Purchasing Power in Madrid is 8.9% lower than in Gent
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Gent Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 18.50 € 14.00 €      -24.3 %
Meal for 2 People, Mid-range Restaurant, Three-course 90.00 € 60.00 €      -33.3 %
McMeal at McDonalds (or Equivalent Combo Meal) 9.75 € 9.03 €      -7.4 %
Domestic Beer (1 pint draught) 4.25 € 3.50 €      -17.6 %
Imported Beer (12 oz small bottle) 4.00 € 3.50 €      -12.5 %
Cappuccino (regular) 3.33 € 2.37 €      -29.0 %
Coke/Pepsi (12 oz small bottle) 2.90 € 2.42 €      -16.5 %
Water (12 oz small bottle) 2.53 € 1.57 €      -37.8 %
Markets
Gent Edit Madrid Edit
Milk (regular), (1 gallon) 4.04 € 4.03 €      -0.2 %
Loaf of Fresh White Bread (1 lb) 1.96 € 1.38 €      -29.7 %
Rice (white), (1 lb) 1.04 € 0.66 €      -36.3 %
Eggs (regular) (12) 3.23 € 2.78 €      -14.0 %
Local Cheese (1 lb) 6.62 € 6.06 €      -8.5 %
Chicken Fillets (1 lb) 4.42 € 3.46 €      -21.7 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.67 € 6.33 €      -5.2 %
Apples (1 lb) 1.14 € 1.03 €      -10.0 %
Banana (1 lb) 0.78 € 0.82 €      +5.4 %
Oranges (1 lb) 1.20 € 0.81 €      -32.8 %
Tomato (1 lb) 1.27 € 1.03 €      -19.0 %
Potato (1 lb) 0.67 € 0.64 €      -4.7 %
Onion (1 lb) 0.68 € 0.69 €      +1.8 %
Lettuce (1 head) 1.22 € 1.20 €      -2.1 %
Water (1.5 liter bottle) 0.75 € 0.87 €      +16.4 %
Bottle of Wine (Mid-Range) 7.00 € 6.00 €      -14.3 %
Domestic Beer (0.5 liter bottle) 1.59 € 1.22 €      -23.5 %
Imported Beer (12 oz small bottle) 2.20 € 1.76 €      -20.1 %
Cigarettes 20 Pack (Marlboro) 8.25 € 5.65 €      -31.5 %
Transportation
Gent Edit Madrid Edit
One-way Ticket (Local Transport) 2.50 € 1.50 €      -40.0 %
Monthly Pass (Regular Price) 49.50 € 40.00 €      -19.2 %
Taxi Start (Normal Tariff) 9.50 € 3.00 €      -68.4 %
Taxi 1 mile (Normal Tariff) 4.18 € 1.93 €      -53.8 %
Taxi 1hour Waiting (Normal Tariff) 46.00 € 22.00 €      -52.2 %
Gasoline (1 gallon) 6.52 € 6.23 €      -4.4 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 24,695.00 € 33,365.00 €      +35.1 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 24,891.25 € 27,619.74 €      +11.0 %
Utilities (Monthly)
Gent Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 185.94 € 141.26 €      -24.0 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 19.44 € 13.76 €      -29.2 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 46.44 € 29.63 €      -36.2 %
Sports And Leisure
Gent Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 32.62 € 43.57 €      +33.6 %
Tennis Court Rent (1 Hour on Weekend) 11.67 € 9.91 €      -15.0 %
Cinema, International Release, 1 Seat 12.75 € 10.00 €      -21.6 %
Childcare
Gent Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 533.33 € 491.92 €      -7.8 %
International Primary School, Yearly for 1 Child 24,250.00 € 8,661.90 €      -64.3 %
Clothing And Shoes
Gent Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 89.00 € 68.75 €      -22.8 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 45.00 € 27.96 €      -37.9 %
1 Pair of Nike Running Shoes (Mid-Range) 90.00 € 75.79 €      -15.8 %
1 Pair of Men Leather Business Shoes 122.86 € 82.22 €      -33.1 %
Rent Per Month
Gent Edit Madrid Edit
Apartment (1 bedroom) in City Centre 867.00 € 1,252.06 €      +44.4 %
Apartment (1 bedroom) Outside of Centre 728.57 € 905.83 €      +24.3 %
Apartment (3 bedrooms) in City Centre 1,328.57 € 2,146.08 €      +61.5 %
Apartment (3 bedrooms) Outside of Centre 1,041.43 € 1,542.55 €      +48.1 %
Buy Apartment Price
Gent Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 372.22 € 418.31 €      +12.4 %
Price per Square Feet to Buy Apartment Outside of Centre 306.95 € 238.41 €      -22.3 %
Salaries And Financing
Gent Edit Madrid Edit
Average Monthly Net Salary (After Tax) 2,733.03 € 2,419.86 €      -11.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.83 2.51      -34.5 %
Last update: April 2024May 2024
Contributors in the past 12 months:45532