Cost of Living Comparison Between Florence and Madrid 
| Indices Difference |  |
|---|---|
| Consumer Prices in Madrid are 19.1% lower than in Florence (without rent) | |
| Consumer Prices Including Rent in Madrid are 9.5% lower than in Florence | |
| Rent Prices in Madrid are 15.0% higher than in Florence | |
| Restaurant Prices in Madrid are 14.0% lower than in Florence | |
| Groceries Prices in Madrid are 22.5% lower than in Florence | |
| Local Purchasing Power in Madrid is 67.3% higher than in Florence | |
Restaurants | Florence Edit |
Madrid Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 15.00 € | 14.00 € | -6.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 80.00 € | 60.00 € | -25.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 10.00 € | 9.53 € | -4.7 % |
| Domestic Beer (1 pint draught) | 5.50 € | 3.50 € | -36.4 % |
| Imported Beer (12 oz small bottle) | 5.00 € | 3.50 € | -30.0 % |
| Cappuccino (regular) | 1.58 € | 2.39 € | +50.9 % |
| Coke/Pepsi (12 oz small bottle) | 2.84 € | 2.44 € | -14.3 % |
| Water (12 oz small bottle) | 1.44 € | 1.59 € | +10.6 % |
Markets | Florence Edit |
Madrid Edit | |
| Milk (regular), (1 gallon) | 5.54 € | 4.02 € | -27.5 % |
| Loaf of Fresh White Bread (1 lb) | 1.78 € | 1.38 € | -22.5 % |
| Rice (white), (1 lb) | 1.54 € | 0.66 € | -57.1 % |
| Eggs (regular) (12) | 3.78 € | 2.77 € | -26.5 % |
| Local Cheese (1 lb) | 7.71 € | 6.06 € | -21.4 % |
| Chicken Fillets (1 lb) | 5.19 € | 3.46 € | -33.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 8.16 € | 6.33 € | -22.5 % |
| Apples (1 lb) | 1.27 € | 1.02 € | -19.9 % |
| Banana (1 lb) | 0.81 € | 0.82 € | +1.7 % |
| Oranges (1 lb) | 1.11 € | 0.80 € | -27.9 % |
| Tomato (1 lb) | 1.57 € | 1.04 € | -33.8 % |
| Potato (1 lb) | 0.83 € | 0.64 € | -22.6 % |
| Onion (1 lb) | 0.72 € | 0.69 € | -5.2 % |
| Lettuce (1 head) | 1.58 € | 1.20 € | -24.3 % |
| Water (1.5 liter bottle) | 0.57 € | 0.87 € | +52.2 % |
| Bottle of Wine (Mid-Range) | 5.80 € | 6.00 € | +3.4 % |
| Domestic Beer (0.5 liter bottle) | 1.48 € | 1.22 € | -17.9 % |
| Imported Beer (12 oz small bottle) | 2.04 € | 1.76 € | -14.1 % |
| Cigarettes 20 Pack (Marlboro) | 6.00 € | 5.65 € | -5.8 % |
Transportation | Florence Edit |
Madrid Edit | |
| One-way Ticket (Local Transport) | 1.70 € | 1.50 € | -11.8 % |
| Monthly Pass (Regular Price) | 35.00 € | 40.00 € | +14.3 % |
| Taxi Start (Normal Tariff) | 4.50 € | 3.00 € | -33.3 % |
| Taxi 1 mile (Normal Tariff) | 3.22 € | 1.93 € | -40.0 % |
| Taxi 1hour Waiting (Normal Tariff) | 32.00 € | 22.00 € | -31.2 % |
| Gasoline (1 gallon) | 6.68 € | 6.23 € | -6.7 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 26,000.00 € | 33,365.00 € | +28.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 29,625.00 € | 27,619.74 € | -6.8 % |
Utilities (Monthly) | Florence Edit |
Madrid Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 238.30 € | 142.24 € | -40.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 12.49 € | 13.88 € | +11.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 28.68 € | 29.76 € | +3.8 % |
Sports And Leisure | Florence Edit |
Madrid Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 71.89 € | 43.57 € | -39.4 % |
| Tennis Court Rent (1 Hour on Weekend) | 18.80 € | 9.91 € | -47.3 % |
| Cinema, International Release, 1 Seat | 10.00 € | 10.00 € | 0.0 % |
Childcare | Florence Edit |
Madrid Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 616.00 € | 491.92 € | -20.1 % |
| International Primary School, Yearly for 1 Child | 19,195.00 € | 8,661.90 € | -54.9 % |
Clothing And Shoes | Florence Edit |
Madrid Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 76.75 € | 68.75 € | -10.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 36.38 € | 28.30 € | -22.2 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 65.44 € | 76.31 € | +16.6 % |
| 1 Pair of Men Leather Business Shoes | 121.11 € | 84.43 € | -30.3 % |
Rent Per Month | Florence Edit |
Madrid Edit | |
| Apartment (1 bedroom) in City Centre | 982.14 € | 1,258.75 € | +28.2 % |
| Apartment (1 bedroom) Outside of Centre | 715.38 € | 905.83 € | +26.6 % |
| Apartment (3 bedrooms) in City Centre | 2,106.55 € | 2,154.81 € | +2.3 % |
| Apartment (3 bedrooms) Outside of Centre | 1,305.00 € | 1,554.35 € | +19.1 % |
Buy Apartment Price | Florence Edit |
Madrid Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 501.67 € | 421.98 € | -15.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 353.03 € | 238.41 € | -32.5 % |
Salaries And Financing | Florence Edit |
Madrid Edit | |
| Average Monthly Net Salary (After Tax) | 1,584.33 € | 2,399.51 € | +51.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.65 | 2.53 | -45.6 % |
| Last update: | April 2024 | May 2024 | |
| Contributors in the past 12 months: | 72 | 530 |
Moving to Florence? Explore:
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Cities near Florence: | Cost of Living in Siena | 48.36 miles |
| Cost of Living in Lucca | 50.41 miles |
| Cost of Living in Pisa | 52.22 miles |
| Cost of Living in Livorno | 56.43 miles |
| Cost of Living in Bologna | 66.90 miles |
| Cost of Living in Modena | 84.76 miles |
| Cost of Living in Perugia | 93.25 miles |
| Cost of Living in Ferrara | 98.26 miles |
| Cost of Living in Reggio Nell'emilia | 101.34 miles |
| Cost of Living in Padova | 139.06 miles |
Cities near Madrid: | Cost of Living in Pozuelo de Alarcon | 8.64 miles |
| Cost of Living in Getafe | 9.04 miles |
| Cost of Living in Coslada | 9.17 miles |
| Cost of Living in La Moraleja | 11.07 miles |
| Cost of Living in Rivas-Vaciamadrid | 12.79 miles |
| Cost of Living in Fuenlabrada | 15.28 miles |
| Cost of Living in Mostoles | 15.34 miles |
| Cost of Living in Alcala de Henares | 20.54 miles |
| Cost of Living in Soto del Real | 26.90 miles |
| Cost of Living in Aranjuez | 30.41 miles |