Cost of Living Comparison Between Helsinki and Madrid 

Indices DifferenceInfo
Consumer Prices in Madrid are 21.4% lower than in Helsinki (without rent)
Consumer Prices Including Rent in Madrid are 16.3% lower than in Helsinki
Rent Prices in Madrid are 3.5% lower than in Helsinki
Restaurant Prices in Madrid are 29.9% lower than in Helsinki
Groceries Prices in Madrid are 25.9% lower than in Helsinki
Local Purchasing Power in Madrid is 24.1% lower than in Helsinki
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Helsinki Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 14.00 € 12.25 €      -12.5 %
Meal for 2 People, Mid-range Restaurant, Three-course 80.00 € 50.00 €      -37.5 %
McMeal at McDonalds (or Equivalent Combo Meal) 9.45 € 8.00 €      -15.3 %
Domestic Beer (1 pint draught) 7.50 € 3.50 €      -53.3 %
Imported Beer (12 oz small bottle) 8.00 € 3.50 €      -56.2 %
Cappuccino (regular) 4.17 € 2.18 €      -47.8 %
Coke/Pepsi (12 oz small bottle) 2.50 € 2.42 €      -3.2 %
Water (12 oz small bottle) 1.68 € 1.72 €      +2.7 %
Markets
Helsinki Edit Madrid Edit
Milk (regular), (1 gallon) 3.88 € 3.49 €      -10.0 %
Loaf of Fresh White Bread (1 lb) 2.06 € 1.05 €      -49.1 %
Rice (white), (1 lb) 1.00 € 0.58 €      -41.6 %
Eggs (regular) (12) 2.67 € 2.42 €      -9.3 %
Local Cheese (1 lb) 3.34 € 4.99 €      +49.6 %
Chicken Fillets (1 lb) 4.73 € 3.42 €      -27.7 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.36 € 5.69 €      -31.9 %
Apples (1 lb) 1.00 € 0.98 €      -2.0 %
Banana (1 lb) 0.74 € 0.87 €      +18.2 %
Oranges (1 lb) 0.94 € 0.81 €      -14.1 %
Tomato (1 lb) 1.69 € 0.90 €      -46.6 %
Potato (1 lb) 0.46 € 0.59 €      +28.0 %
Onion (1 lb) 0.63 € 0.63 €      -0.1 %
Lettuce (1 head) 1.83 € 1.03 €      -43.4 %
Water (1.5 liter bottle) 1.62 € 0.70 €      -57.2 %
Bottle of Wine (Mid-Range) 12.00 € 5.60 €      -53.3 %
Domestic Beer (0.5 liter bottle) 2.71 € 1.03 €      -62.0 %
Imported Beer (12 oz small bottle) 2.89 € 1.56 €      -45.9 %
Cigarettes 20 Pack (Marlboro) 9.70 € 5.10 €      -47.4 %
Transportation
Helsinki Edit Madrid Edit
One-way Ticket (Local Transport) 3.10 € 1.50 €      -51.6 %
Monthly Pass (Regular Price) 65.00 € 54.55 €      -16.1 %
Taxi Start (Normal Tariff) 7.00 € 3.60 €      -48.6 %
Taxi 1 mile (Normal Tariff) 1.93 € 1.77 €      -8.3 %
Taxi 1hour Waiting (Normal Tariff) 53.40 € 22.00 €      -58.8 %
Gasoline (1 gallon) 8.01 € 7.02 €      -12.4 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 32,000.00 € 25,188.50 €      -21.3 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 30,839.50 € 24,141.67 €      -21.7 %
Utilities (Monthly)
Helsinki Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 96.20 € 169.43 €      +76.1 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.06 € 0.14 €      +128.4 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 18.49 € 33.32 €      +80.1 %
Sports And Leisure
Helsinki Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 33.89 € 41.64 €      +22.9 %
Tennis Court Rent (1 Hour on Weekend) 27.50 € 12.82 €      -53.4 %
Cinema, International Release, 1 Seat 15.50 € 9.00 €      -41.9 %
Childcare
Helsinki Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 344.22 € 477.78 €      +38.8 %
International Primary School, Yearly for 1 Child 4,960.00 € 8,381.25 €      +69.0 %
Clothing And Shoes
Helsinki Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 84.32 € 74.92 €      -11.1 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 34.80 € 33.97 €      -2.4 %
1 Pair of Nike Running Shoes (Mid-Range) 72.42 € 76.42 €      +5.5 %
1 Pair of Men Leather Business Shoes 107.96 € 92.59 €      -14.2 %
Rent Per Month
Helsinki Edit Madrid Edit
Apartment (1 bedroom) in City Centre 968.33 € 1,034.15 €      +6.8 %
Apartment (1 bedroom) Outside of Centre 778.94 € 789.06 €      +1.3 %
Apartment (3 bedrooms) in City Centre 1,909.64 € 1,763.47 €      -7.7 %
Apartment (3 bedrooms) Outside of Centre 1,348.89 € 1,271.88 €      -5.7 %
Buy Apartment Price
Helsinki Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 675.14 € 503.84 €      -25.4 %
Price per Square Feet to Buy Apartment Outside of Centre 384.15 € 335.68 €      -12.6 %
Salaries And Financing
Helsinki Edit Madrid Edit
Average Monthly Net Salary (After Tax) 3,042.90 € 1,933.90 €      -36.4 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.18 2.49      +111.1 %
Last update: March 2023March 2023
Contributors in the past 12 months:225378