Cost of Living Comparison Between Helsinki and Madrid 

Indices DifferenceInfo
Consumer Prices in Madrid are 23.00% lower than in Helsinki (without rent)
Consumer Prices Including Rent in Madrid are 21.72% lower than in Helsinki
Rent Prices in Madrid are 18.80% lower than in Helsinki
Restaurant Prices in Madrid are 26.57% lower than in Helsinki
Groceries Prices in Madrid are 29.75% lower than in Helsinki
Local Purchasing Power in Madrid is 15.09% lower than in Helsinki
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Helsinki Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 12.50 € 12.00 €      -4.00 %
Meal for 2 People, Mid-range Restaurant, Three-course 80.00 € 50.00 €      -37.50 %
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 € 3.50 €      -50.00 %
Cappuccino (regular) 3.92 € 2.01 €      -48.81 %
Coke/Pepsi (12 oz small bottle) 2.61 € 1.91 €      -26.90 %
Water (12 oz small bottle) 1.77 € 1.48 €      -16.46 %
Markets
Helsinki Edit Madrid Edit
Milk (regular), (1 gallon) 3.76 € 3.02 €      -19.60 %
Loaf of Fresh White Bread (1 lb) 1.99 € 0.88 €      -55.74 %
Rice (white), (1 lb) 0.99 € 0.50 €      -50.01 %
Eggs (regular) (12) 2.26 € 1.96 €      -13.01 %
Local Cheese (1 lb) 3.47 € 4.27 €      +23.14 %
Chicken Fillets (1 lb) 4.99 € 2.98 €      -40.25 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.69 € 4.80 €      -28.31 %
Apples (1 lb) 1.10 € 0.97 €      -12.58 %
Banana (1 lb) 0.75 € 0.72 €      -3.75 %
Oranges (1 lb) 1.01 € 0.74 €      -27.22 %
Tomato (1 lb) 1.40 € 0.82 €      -41.60 %
Potato (1 lb) 0.48 € 0.56 €      +17.09 %
Onion (1 lb) 0.63 € 0.56 €      -11.25 %
Lettuce (1 head) 1.63 € 0.95 €      -41.40 %
Water (1.5 liter bottle) 1.55 € 0.67 €      -56.76 %
Bottle of Wine (Mid-Range) 12.00 € 5.00 €      -58.33 %
Domestic Beer (0.5 liter bottle) 2.43 € 1.01 €      -58.20 %
Imported Beer (12 oz small bottle) 2.95 € 1.56 €      -46.96 %
Cigarettes 20 Pack (Marlboro) 8.95 € 5.25 €      -41.34 %
Transportation
Helsinki Edit Madrid Edit
One-way Ticket (Local Transport) 2.80 € 1.50 €      -46.43 %
Monthly Pass (Regular Price) 59.95 € 55.00 €      -8.26 %
Taxi Start (Normal Tariff) 5.90 € 3.00 €      -49.15 %
Taxi 1 mile (Normal Tariff) 1.61 € 1.73 €      +7.50 %
Taxi 1hour Waiting (Normal Tariff) 45.00 € 24.00 €      -46.67 %
Gasoline (1 gallon) 5.88 € 5.04 €      -14.33 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,000.00 € 21,000.00 €      -16.00 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,787.11 € 23,834.21 €      -7.57 %
Utilities (Monthly)
Helsinki Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 95.66 € 126.83 €      +32.59 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.07 € 0.20 €      +192.19 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 21.76 € 38.46 €      +76.77 %
Sports And Leisure
Helsinki Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 41.40 € 38.71 €      -6.50 %
Tennis Court Rent (1 Hour on Weekend) 26.42 € 11.25 €      -57.41 %
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 330.44 € 445.43 €      +34.80 %
International Primary School, Yearly for 1 Child 5,200.00 € 7,594.12 €      +46.04 %
Clothing And Shoes
Helsinki Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 85.24 € 64.11 €      -24.79 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 36.74 € 28.45 €      -22.57 %
1 Pair of Nike Running Shoes (Mid-Range) 84.23 € 70.53 €      -16.27 %
1 Pair of Men Leather Business Shoes 121.39 € 91.21 €      -24.87 %
Rent Per Month
Helsinki Edit Madrid Edit
Apartment (1 bedroom) in City Centre 1,007.81 € 886.76 €      -12.01 %
Apartment (1 bedroom) Outside of Centre 793.12 € 662.83 €      -16.43 %
Apartment (3 bedrooms) in City Centre 1,956.67 € 1,541.80 €      -21.20 %
Apartment (3 bedrooms) Outside of Centre 1,363.33 € 1,066.67 €      -21.76 %
Buy Apartment Price
Helsinki Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 797.85 € 470.88 €      -40.98 %
Price per Square Feet to Buy Apartment Outside of Centre 441.66 € 292.60 €      -33.75 %
Salaries And Financing
Helsinki Edit Madrid Edit
Average Monthly Net Salary (After Tax) 2,481.58 € 1,649.45 €      -33.53 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.15 2.10      +82.66 %
Last update: September 2021September 2021
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