Cost of Living Comparison Between Munich and Madrid 

Indices DifferenceInfo
Consumer Prices in Madrid are 21.8% lower than in Munich (without rent)
Consumer Prices Including Rent in Madrid are 20.6% lower than in Munich
Rent Prices in Madrid are 18.3% lower than in Munich
Restaurant Prices in Madrid are 16.8% lower than in Munich
Groceries Prices in Madrid are 19.4% lower than in Munich
Local Purchasing Power in Madrid is 11.9% lower than in Munich
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Munich Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 15.00 € 14.00 €      -6.7 %
Meal for 2 People, Mid-range Restaurant, Three-course 75.00 € 60.00 €      -20.0 %
McMeal at McDonalds (or Equivalent Combo Meal) 10.50 € 9.00 €      -14.3 %
Domestic Beer (1 pint draught) 4.50 € 3.50 €      -22.2 %
Imported Beer (12 oz small bottle) 4.50 € 3.50 €      -22.2 %
Cappuccino (regular) 3.72 € 2.35 €      -36.7 %
Coke/Pepsi (12 oz small bottle) 3.16 € 2.41 €      -23.9 %
Water (12 oz small bottle) 2.68 € 1.59 €      -40.6 %
Markets
Munich Edit Madrid Edit
Milk (regular), (1 gallon) 4.37 € 4.00 €      -8.5 %
Loaf of Fresh White Bread (1 lb) 2.11 € 1.38 €      -34.7 %
Rice (white), (1 lb) 1.21 € 0.67 €      -45.1 %
Eggs (regular) (12) 3.15 € 2.76 €      -12.4 %
Local Cheese (1 lb) 5.82 € 6.03 €      +3.6 %
Chicken Fillets (1 lb) 5.70 € 3.45 €      -39.5 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7.31 € 6.24 €      -14.6 %
Apples (1 lb) 1.23 € 1.01 €      -17.6 %
Banana (1 lb) 0.71 € 0.80 €      +13.1 %
Oranges (1 lb) 1.04 € 0.78 €      -25.3 %
Tomato (1 lb) 1.40 € 1.01 €      -27.6 %
Potato (1 lb) 0.74 € 0.64 €      -13.6 %
Onion (1 lb) 0.78 € 0.67 €      -14.9 %
Lettuce (1 head) 1.80 € 1.18 €      -34.7 %
Water (1.5 liter bottle) 0.86 € 0.85 €      -1.4 %
Bottle of Wine (Mid-Range) 5.99 € 6.00 €      +0.2 %
Domestic Beer (0.5 liter bottle) 0.95 € 1.19 €      +25.0 %
Imported Beer (12 oz small bottle) 1.60 € 1.76 €      +10.3 %
Cigarettes 20 Pack (Marlboro) 8.20 € 5.62 €      -31.4 %
Transportation
Munich Edit Madrid Edit
One-way Ticket (Local Transport) 3.70 € 1.50 €      -59.5 %
Monthly Pass (Regular Price) 49.00 € 40.00 €      -18.4 %
Taxi Start (Normal Tariff) 5.50 € 3.00 €      -45.5 %
Taxi 1 mile (Normal Tariff) 3.70 € 1.93 €      -47.8 %
Taxi 1hour Waiting (Normal Tariff) 36.00 € 22.00 €      -38.9 %
Gasoline (1 gallon) 6.90 € 6.23 €      -9.7 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 27,180.00 € 33,365.00 €      +22.8 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,625.00 € 27,619.74 €      -0.0 %
Utilities (Monthly)
Munich Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 286.25 € 140.50 €      -50.9 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 19.75 € 13.79 €      -30.2 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 36.93 € 29.87 €      -19.1 %
Sports And Leisure
Munich Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 45.65 € 43.72 €      -4.2 %
Tennis Court Rent (1 Hour on Weekend) 26.19 € 10.24 €      -60.9 %
Cinema, International Release, 1 Seat 13.00 € 10.00 €      -23.1 %
Childcare
Munich Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 837.41 € 492.60 €      -41.2 %
International Primary School, Yearly for 1 Child 14,575.00 € 8,650.00 €      -40.7 %
Clothing And Shoes
Munich Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 82.06 € 69.01 €      -15.9 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 32.87 € 27.70 €      -15.7 %
1 Pair of Nike Running Shoes (Mid-Range) 82.44 € 76.25 €      -7.5 %
1 Pair of Men Leather Business Shoes 110.78 € 82.44 €      -25.6 %
Rent Per Month
Munich Edit Madrid Edit
Apartment (1 bedroom) in City Centre 1,459.80 € 1,240.47 €      -15.0 %
Apartment (1 bedroom) Outside of Centre 1,156.65 € 897.60 €      -22.4 %
Apartment (3 bedrooms) in City Centre 2,487.27 € 2,137.50 €      -14.1 %
Apartment (3 bedrooms) Outside of Centre 2,017.95 € 1,531.91 €      -24.1 %
Buy Apartment Price
Munich Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 947.64 € 411.40 €      -56.6 %
Price per Square Feet to Buy Apartment Outside of Centre 698.05 € 237.06 €      -66.0 %
Salaries And Financing
Munich Edit Madrid Edit
Average Monthly Net Salary (After Tax) 3,518.63 € 2,460.23 €      -30.1 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.40 2.49      -26.9 %
Last update: May 2024May 2024
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