Cost of Living Comparison Between Madrid and Helsinki 

Indices DifferenceInfo
Consumer Prices in Helsinki are 26.1% higher than in Madrid (without rent)
Consumer Prices Including Rent in Helsinki are 10.3% higher than in Madrid
Rent Prices in Helsinki are 18.7% lower than in Madrid
Restaurant Prices in Helsinki are 33.5% higher than in Madrid
Groceries Prices in Helsinki are 29.8% higher than in Madrid
Local Purchasing Power in Helsinki is 11.9% higher than in Madrid
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Madrid Edit Helsinki Edit Difference
Meal, Inexpensive Restaurant 14.00 € 15.00 €      +7.1 %
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 € 90.00 €      +50.0 %
McMeal at McDonalds (or Equivalent Combo Meal) 9.53 € 10.00 €      +5.0 %
Domestic Beer (1 pint draught) 3.50 € 8.00 €      +128.6 %
Imported Beer (12 oz small bottle) 4.00 € 8.00 €      +100.0 %
Cappuccino (regular) 2.42 € 4.42 €      +82.5 %
Coke/Pepsi (12 oz small bottle) 2.50 € 2.61 €      +4.3 %
Water (12 oz small bottle) 1.67 € 1.80 €      +7.7 %
Markets
Madrid Edit Helsinki Edit
Milk (regular), (1 gallon) 4.03 € 4.35 €      +8.0 %
Loaf of Fresh White Bread (1 lb) 1.45 € 2.57 €      +76.7 %
Rice (white), (1 lb) 0.68 € 1.16 €      +71.0 %
Eggs (regular) (12) 2.79 € 2.95 €      +5.8 %
Local Cheese (1 lb) 6.42 € 3.57 €      -44.4 %
Chicken Fillets (1 lb) 3.58 € 5.25 €      +46.9 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.53 € 9.58 €      +46.7 %
Apples (1 lb) 1.06 € 1.03 €      -2.6 %
Banana (1 lb) 0.82 € 0.79 €      -3.6 %
Oranges (1 lb) 0.89 € 0.98 €      +9.3 %
Tomato (1 lb) 1.04 € 1.80 €      +72.9 %
Potato (1 lb) 0.67 € 0.55 €      -18.0 %
Onion (1 lb) 0.71 € 0.82 €      +16.0 %
Lettuce (1 head) 1.22 € 1.94 €      +58.8 %
Water (1.5 liter bottle) 0.90 € 1.76 €      +94.6 %
Bottle of Wine (Mid-Range) 6.00 € 14.45 €      +140.8 %
Domestic Beer (0.5 liter bottle) 1.22 € 2.68 €      +119.5 %
Imported Beer (12 oz small bottle) 1.86 € 3.19 €      +71.3 %
Cigarettes 20 Pack (Marlboro) 5.65 € 10.20 €      +80.5 %
Transportation
Madrid Edit Helsinki Edit
One-way Ticket (Local Transport) 1.50 € 3.00 €      +100.0 %
Monthly Pass (Regular Price) 50.00 € 66.60 €      +33.2 %
Taxi Start (Normal Tariff) 3.12 € 6.75 €      +116.0 %
Taxi 1 mile (Normal Tariff) 2.09 € 1.97 €      -5.8 %
Taxi 1hour Waiting (Normal Tariff) 22.25 € 56.40 €      +153.5 %
Gasoline (1 gallon) 6.26 € 7.21 €      +15.1 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,365.00 € 32,245.00 €      -3.4 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,619.74 € 33,916.11 €      +22.8 %
Utilities (Monthly)
Madrid Edit Helsinki Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 148.90 € 109.20 €      -26.7 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 15.53 € 24.43 €      +57.3 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 31.06 € 19.22 €      -38.1 %
Sports And Leisure
Madrid Edit Helsinki Edit
Fitness Club, Monthly Fee for 1 Adult 44.75 € 42.14 €      -5.8 %
Tennis Court Rent (1 Hour on Weekend) 13.23 € 25.29 €      +91.2 %
Cinema, International Release, 1 Seat 10.00 € 17.00 €      +70.0 %
Childcare
Madrid Edit Helsinki Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 501.60 € 309.77 €      -38.2 %
International Primary School, Yearly for 1 Child 9,214.29 € 9,728.50 €      +5.6 %
Clothing And Shoes
Madrid Edit Helsinki Edit
1 Pair of Jeans (Levis 501 Or Similar) 77.51 € 79.60 €      +2.7 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 31.33 € 29.73 €      -5.1 %
1 Pair of Nike Running Shoes (Mid-Range) 80.51 € 70.64 €      -12.3 %
1 Pair of Men Leather Business Shoes 92.28 € 93.20 €      +1.0 %
Rent Per Month
Madrid Edit Helsinki Edit
Apartment (1 bedroom) in City Centre 1,272.00 € 996.89 €      -21.6 %
Apartment (1 bedroom) Outside of Centre 922.98 € 796.88 €      -13.7 %
Apartment (3 bedrooms) in City Centre 2,187.00 € 1,751.96 €      -19.9 %
Apartment (3 bedrooms) Outside of Centre 1,575.56 € 1,297.11 €      -17.7 %
Buy Apartment Price
Madrid Edit Helsinki Edit
Price per Square Feet to Buy Apartment in City Centre 432.40 € 669.26 €      +54.8 %
Price per Square Feet to Buy Apartment Outside of Centre 252.20 € 396.66 €      +57.3 %
Salaries And Financing
Madrid Edit Helsinki Edit
Average Monthly Net Salary (After Tax) 2,293.59 € 2,830.05 €      +23.4 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.80 3.55      +27.0 %
Last update: May 2024May 2024
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