Cost of Living Comparison Between Helsinki and Madrid 

Indices DifferenceInfo
Consumer Prices in Madrid are 19.27% lower than in Helsinki (without rent)
Consumer Prices Including Rent in Madrid are 16.61% lower than in Helsinki
Rent Prices in Madrid are 10.55% lower than in Helsinki
Restaurant Prices in Madrid are 26.61% lower than in Helsinki
Groceries Prices in Madrid are 23.26% lower than in Helsinki
Local Purchasing Power in Madrid is 27.16% lower than in Helsinki
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Helsinki Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 13.00 € 12.00 €      -7.69 %
Meal for 2 People, Mid-range Restaurant, Three-course 76.00 € 50.00 €      -34.21 %
McMeal at McDonalds (or Equivalent Combo Meal) 8.00 € 8.00 €      0.00 %
Domestic Beer (1 pint draught) 6.00 € 3.00 €      -50.00 %
Imported Beer (12 oz small bottle) 7.00 € 3.00 €      -57.14 %
Cappuccino (regular) 4.03 € 1.93 €      -51.98 %
Coke/Pepsi (12 oz small bottle) 2.68 € 1.96 €      -26.77 %
Water (12 oz small bottle) 1.77 € 1.47 €      -16.93 %
Markets
Helsinki Edit Madrid Edit
Milk (regular), (1 gallon) 3.62 € 3.12 €      -13.73 %
Loaf of Fresh White Bread (1 lb) 1.99 € 0.88 €      -55.97 %
Rice (white), (1 lb) 1.03 € 0.49 €      -52.44 %
Eggs (regular) (12) 2.46 € 2.07 €      -15.82 %
Local Cheese (1 lb) 3.02 € 5.09 €      +68.20 %
Chicken Fillets (1 lb) 4.71 € 2.82 €      -40.21 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.62 € 5.16 €      -22.05 %
Apples (1 lb) 1.08 € 0.91 €      -14.95 %
Banana (1 lb) 0.72 € 0.85 €      +16.95 %
Oranges (1 lb) 0.96 € 0.76 €      -20.52 %
Tomato (1 lb) 1.23 € 0.85 €      -31.06 %
Potato (1 lb) 0.46 € 0.57 €      +24.06 %
Onion (1 lb) 0.60 € 0.60 €      +0.04 %
Lettuce (1 head) 1.62 € 0.99 €      -38.99 %
Water (1.5 liter bottle) 1.50 € 0.77 €      -48.72 %
Bottle of Wine (Mid-Range) 12.00 € 5.00 €      -58.33 %
Domestic Beer (0.5 liter bottle) 2.55 € 1.01 €      -60.17 %
Imported Beer (12 oz small bottle) 2.90 € 1.69 €      -41.66 %
Cigarettes 20 Pack (Marlboro) 8.08 € 5.12 €      -36.57 %
Transportation
Helsinki Edit Madrid Edit
One-way Ticket (Local Transport) 2.80 € 1.50 €      -46.43 %
Monthly Pass (Regular Price) 59.70 € 54.60 €      -8.54 %
Taxi Start (Normal Tariff) 6.00 € 3.00 €      -50.00 %
Taxi 1 mile (Normal Tariff) 1.61 € 1.77 €      +10.00 %
Taxi 1hour Waiting (Normal Tariff) 46.02 € 25.00 €      -45.68 %
Gasoline (1 gallon) 5.72 € 4.93 €      -13.74 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 24,500.00 € 20,750.00 €      -15.31 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,257.72 € 23,602.17 €      -6.55 %
Utilities (Monthly)
Helsinki Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 87.63 € 136.79 €      +56.10 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.07 € 0.20 €      +190.32 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 22.48 € 42.31 €      +88.22 %
Sports And Leisure
Helsinki Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 40.73 € 38.15 €      -6.33 %
Tennis Court Rent (1 Hour on Weekend) 26.30 € 11.54 €      -56.14 %
Cinema, International Release, 1 Seat 15.00 € 9.00 €      -40.00 %
Childcare
Helsinki Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 328.23 € 438.91 €      +33.72 %
International Primary School, Yearly for 1 Child 6,350.00 € 7,859.09 €      +23.77 %
Clothing And Shoes
Helsinki Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 85.24 € 72.98 €      -14.39 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 35.85 € 28.76 €      -19.78 %
1 Pair of Nike Running Shoes (Mid-Range) 85.45 € 76.56 €      -10.41 %
1 Pair of Men Leather Business Shoes 121.97 € 89.00 €      -27.03 %
Rent Per Month
Helsinki Edit Madrid Edit
Apartment (1 bedroom) in City Centre 975.40 € 932.81 €      -4.37 %
Apartment (1 bedroom) Outside of Centre 763.43 € 693.18 €      -9.20 %
Apartment (3 bedrooms) in City Centre 1,881.58 € 1,681.31 €      -10.64 %
Apartment (3 bedrooms) Outside of Centre 1,361.54 € 1,147.87 €      -15.69 %
Buy Apartment Price
Helsinki Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 759.82 € 487.38 €      -35.86 %
Price per Square Feet to Buy Apartment Outside of Centre 440.66 € 284.99 €      -35.33 %
Salaries And Financing
Helsinki Edit Madrid Edit
Average Monthly Net Salary (After Tax) 2,559.52 € 1,554.69 €      -39.26 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.11 2.28      +105.19 %
Last update: January 2021January 2021
Contributors in the past 12 months:165238