Cost of Living Comparison Between Helsinki and Madrid 

Indices DifferenceInfo
Cost of Living in Madrid is 23.4% lower than in Helsinki (without rent)
Cost of Living Including Rent in Madrid is 12.4% lower than in Helsinki
Rent Prices in Madrid are 22.9% higher than in Helsinki
Restaurant Prices in Madrid are 26.2% lower than in Helsinki
Groceries Prices in Madrid are 27.2% lower than in Helsinki
Local Purchasing Power in Madrid is 13.6% lower than in Helsinki
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Helsinki Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 16.00 € 15.00 €      -6.2 %
Meal for 2 People, Mid-range Restaurant, Three-course 90.00 € 60.00 €      -33.3 %
McMeal at McDonalds (or Equivalent Combo Meal) 11.82 € 10.00 €      -15.4 %
Domestic Beer (1 pint draught) 8.00 € 3.50 €      -56.2 %
Imported Beer (12 oz small bottle) 8.90 € 4.00 €      -55.1 %
Cappuccino (regular) 4.28 € 2.49 €      -41.8 %
Coke/Pepsi (12 oz small bottle) 2.68 € 2.61 €      -2.5 %
Water (12 oz small bottle) 1.96 € 1.71 €      -12.5 %
Markets
Helsinki Edit Madrid Edit
Milk (regular), (1 gallon) 4.76 € 3.95 €      -17.1 %
Loaf of Fresh White Bread (1 lb) 2.51 € 1.28 €      -49.2 %
Rice (white), (1 lb) 1.20 € 0.64 €      -46.9 %
Eggs (regular) (12) 3.03 € 2.85 €      -6.0 %
Local Cheese (1 lb) 3.73 € 5.37 €      +43.9 %
Chicken Fillets (1 lb) 5.80 € 3.52 €      -39.3 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.99 € 6.30 €      -29.8 %
Apples (1 lb) 1.08 € 0.98 €      -9.2 %
Banana (1 lb) 0.85 € 0.83 €      -3.1 %
Oranges (1 lb) 0.99 € 0.92 €      -7.0 %
Tomato (1 lb) 1.82 € 0.98 €      -46.2 %
Potato (1 lb) 0.52 € 0.77 €      +48.6 %
Onion (1 lb) 0.81 € 0.75 €      -7.4 %
Lettuce (1 head) 1.91 € 1.13 €      -40.9 %
Water (1.5 liter bottle) 1.80 € 0.83 €      -54.1 %
Bottle of Wine (Mid-Range) 14.00 € 6.00 €      -57.1 %
Domestic Beer (0.5 liter bottle) 2.88 € 1.20 €      -58.3 %
Imported Beer (12 oz small bottle) 3.39 € 1.90 €      -44.0 %
Cigarettes 20 Pack (Marlboro) 11.00 € 6.00 €      -45.5 %
Transportation
Helsinki Edit Madrid Edit
One-way Ticket (Local Transport) 2.95 € 1.50 €      -49.2 %
Monthly Pass (Regular Price) 66.60 € 33.90 €      -49.1 %
Taxi Start (Normal Tariff) 7.00 € 3.50 €      -50.0 %
Taxi 1 mile (Normal Tariff) 1.77 € 2.09 €      +18.2 %
Taxi 1hour Waiting (Normal Tariff) 58.20 € 25.00 €      -57.0 %
Gasoline (1 gallon) 6.96 € 6.35 €      -8.9 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 32,245.00 € 33,365.00 €      +3.5 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 34,527.74 € 28,855.40 €      -16.4 %
Utilities (Monthly)
Helsinki Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 114.70 € 159.86 €      +39.4 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 25.15 € 15.58 €      -38.1 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 21.34 € 30.22 €      +41.6 %
Sports And Leisure
Helsinki Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 42.60 € 41.54 €      -2.5 %
Tennis Court Rent (1 Hour on Weekend) 30.75 € 13.33 €      -56.6 %
Cinema, International Release, 1 Seat 17.00 € 10.00 €      -41.2 %
Childcare
Helsinki Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 330.25 € 547.73 €      +65.9 %
International Primary School, Yearly for 1 Child 8,965.60 € 9,661.90 €      +7.8 %
Clothing And Shoes
Helsinki Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 96.09 € 79.15 €      -17.6 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 31.91 € 35.93 €      +12.6 %
1 Pair of Nike Running Shoes (Mid-Range) 88.87 € 91.11 €      +2.5 %
1 Pair of Men Leather Business Shoes 100.27 € 110.00 €      +9.7 %
Rent Per Month
Helsinki Edit Madrid Edit
Apartment (1 bedroom) in City Centre 1,038.69 € 1,367.90 €      +31.7 %
Apartment (1 bedroom) Outside of Centre 817.39 € 962.73 €      +17.8 %
Apartment (3 bedrooms) in City Centre 1,811.00 € 2,275.43 €      +25.6 %
Apartment (3 bedrooms) Outside of Centre 1,324.64 € 1,530.23 €      +15.5 %
Buy Apartment Price
Helsinki Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 729.06 € 609.96 €      -16.3 %
Price per Square Feet to Buy Apartment Outside of Centre 432.98 € 356.78 €      -17.6 %
Salaries And Financing
Helsinki Edit Madrid Edit
Average Monthly Net Salary (After Tax) 2,888.31 € 2,187.79 €      -24.3 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.06 3.65      -10.2 %
Last update: February 2025February 2025
Contributors in the past 12 months:191337