Cost of Living Comparison Between Istanbul and Madrid 

Indices DifferenceInfo
Consumer Prices in Madrid are 36.2% higher than in Istanbul (without rent)
Consumer Prices Including Rent in Madrid are 46.7% higher than in Istanbul
Rent Prices in Madrid are 70.7% higher than in Istanbul
Restaurant Prices in Madrid are 52.2% higher than in Istanbul
Groceries Prices in Madrid are 40.7% higher than in Istanbul
Local Purchasing Power in Madrid is 127.6% higher than in Istanbul
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Istanbul Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 300.00 TL
(8.71 €)
482.37 TL
(14.00 €)
     +60.8 %
Meal for 2 People, Mid-range Restaurant, Three-course 1,200.00 TL
(34.83 €)
2,067.30 TL
(60.00 €)
     +72.3 %
McMeal at McDonalds (or Equivalent Combo Meal) 220.00 TL
(6.39 €)
310.10 TL
(9.00 €)
     +41.0 %
Domestic Beer (1 pint draught) 100.00 TL
(2.90 €)
120.59 TL
(3.50 €)
     +20.6 %
Imported Beer (12 oz small bottle) 150.00 TL
(4.35 €)
120.59 TL
(3.50 €)
     -19.6 %
Cappuccino (regular) 84.82 TL
(2.46 €)
81.13 TL
(2.35 €)
     -4.4 %
Coke/Pepsi (12 oz small bottle) 38.29 TL
(1.11 €)
82.65 TL
(2.40 €)
     +115.9 %
Water (12 oz small bottle) 16.91 TL
(0.49 €)
53.36 TL
(1.55 €)
     +215.6 %
Markets
Istanbul Edit Madrid Edit
Milk (regular), (1 gallon) 139.56 TL
(4.05 €)
139.22 TL
(4.04 €)
     -0.2 %
Loaf of Fresh White Bread (1 lb) 15.99 TL
(0.46 €)
45.57 TL
(1.32 €)
     +185.0 %
Rice (white), (1 lb) 26.57 TL
(0.77 €)
22.14 TL
(0.64 €)
     -16.7 %
Eggs (regular) (12) 68.36 TL
(1.98 €)
95.76 TL
(2.78 €)
     +40.1 %
Local Cheese (1 lb) 119.39 TL
(3.47 €)
202.07 TL
(5.86 €)
     +69.3 %
Chicken Fillets (1 lb) 80.27 TL
(2.33 €)
117.70 TL
(3.42 €)
     +46.6 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 226.15 TL
(6.56 €)
212.17 TL
(6.16 €)
     -6.2 %
Apples (1 lb) 17.03 TL
(0.49 €)
34.70 TL
(1.01 €)
     +103.7 %
Banana (1 lb) 24.98 TL
(0.72 €)
27.61 TL
(0.80 €)
     +10.5 %
Oranges (1 lb) 13.92 TL
(0.40 €)
28.04 TL
(0.81 €)
     +101.4 %
Tomato (1 lb) 18.13 TL
(0.53 €)
35.76 TL
(1.04 €)
     +97.2 %
Potato (1 lb) 10.78 TL
(0.31 €)
21.46 TL
(0.62 €)
     +99.1 %
Onion (1 lb) 7.75 TL
(0.23 €)
23.22 TL
(0.67 €)
     +199.5 %
Lettuce (1 head) 32.61 TL
(0.95 €)
41.14 TL
(1.19 €)
     +26.1 %
Water (1.5 liter bottle) 12.88 TL
(0.37 €)
29.62 TL
(0.86 €)
     +129.9 %
Bottle of Wine (Mid-Range) 300.00 TL
(8.71 €)
206.73 TL
(6.00 €)
     -31.1 %
Domestic Beer (0.5 liter bottle) 56.75 TL
(1.65 €)
39.44 TL
(1.14 €)
     -30.5 %
Imported Beer (12 oz small bottle) 78.88 TL
(2.29 €)
61.18 TL
(1.78 €)
     -22.4 %
Cigarettes 20 Pack (Marlboro) 57.00 TL
(1.65 €)
192.95 TL
(5.60 €)
     +238.5 %
Transportation
Istanbul Edit Madrid Edit
One-way Ticket (Local Transport) 17.70 TL
(0.51 €)
51.68 TL
(1.50 €)
     +192.0 %
Monthly Pass (Regular Price) 1,388.00 TL
(40.28 €)
1,378.20 TL
(40.00 €)
     -0.7 %
Taxi Start (Normal Tariff) 25.00 TL
(0.73 €)
103.37 TL
(3.00 €)
     +313.5 %
Taxi 1 mile (Normal Tariff) 28.36 TL
(0.82 €)
66.54 TL
(1.93 €)
     +134.7 %
Taxi 1hour Waiting (Normal Tariff) 250.00 TL
(7.26 €)
758.01 TL
(22.00 €)
     +203.2 %
Gasoline (1 gallon) 149.68 TL
(4.34 €)
214.11 TL
(6.21 €)
     +43.0 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 1,374,000.00 TL
(39,878.02 €)
1,143,305.43 TL
(33,182.50 €)
     -16.8 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 1,398,651.95 TL
(40,593.50 €)
931,770.43 TL
(27,043.06 €)
     -33.4 %
Utilities (Monthly)
Istanbul Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 1,806.23 TL
(52.42 €)
4,627.62 TL
(134.31 €)
     +156.2 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 253.41 TL
(7.35 €)
488.03 TL
(14.16 €)
     +92.6 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 339.05 TL
(9.84 €)
1,003.72 TL
(29.13 €)
     +196.0 %
Sports And Leisure
Istanbul Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 1,300.55 TL
(37.75 €)
1,506.31 TL
(43.72 €)
     +15.8 %
Tennis Court Rent (1 Hour on Weekend) 429.41 TL
(12.46 €)
331.86 TL
(9.63 €)
     -22.7 %
Cinema, International Release, 1 Seat 180.00 TL
(5.22 €)
344.55 TL
(10.00 €)
     +91.4 %
Childcare
Istanbul Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 16,454.27 TL
(477.56 €)
16,834.75 TL
(488.60 €)
     +2.3 %
International Primary School, Yearly for 1 Child 356,168.46 TL
(10,337.19 €)
314,057.98 TL
(9,115.00 €)
     -11.8 %
Clothing And Shoes
Istanbul Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 1,561.20 TL
(45.31 €)
2,286.09 TL
(66.35 €)
     +46.4 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 1,077.46 TL
(31.27 €)
962.52 TL
(27.94 €)
     -10.7 %
1 Pair of Nike Running Shoes (Mid-Range) 2,776.82 TL
(80.59 €)
2,574.11 TL
(74.71 €)
     -7.3 %
1 Pair of Men Leather Business Shoes 2,593.95 TL
(75.29 €)
2,849.64 TL
(82.71 €)
     +9.9 %
Rent Per Month
Istanbul Edit Madrid Edit
Apartment (1 bedroom) in City Centre 24,545.16 TL
(712.38 €)
41,565.65 TL
(1,206.37 €)
     +69.3 %
Apartment (1 bedroom) Outside of Centre 15,811.72 TL
(458.91 €)
30,422.42 TL
(882.96 €)
     +92.4 %
Apartment (3 bedrooms) in City Centre 46,332.72 TL
(1,344.73 €)
72,862.34 TL
(2,114.71 €)
     +57.3 %
Apartment (3 bedrooms) Outside of Centre 28,539.92 TL
(828.32 €)
51,877.35 TL
(1,505.65 €)
     +81.8 %
Buy Apartment Price
Istanbul Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 9,565.72 TL
(277.63 €)
14,054.65 TL
(407.91 €)
     +46.9 %
Price per Square Feet to Buy Apartment Outside of Centre 4,854.59 TL
(140.90 €)
8,219.15 TL
(238.55 €)
     +69.3 %
Salaries And Financing
Istanbul Edit Madrid Edit
Average Monthly Net Salary (After Tax) 24,257.39 TL
(704.03 €)
80,996.40 TL
(2,350.78 €)
     +233.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 40.22 2.57      -93.6 %
Last update: April 2024April 2024
Contributors in the past 12 months:1366569