Cost of Living Comparison Between Istanbul and Madrid 

Indices DifferenceInfo
Consumer Prices in Madrid are 40.8% higher than in Istanbul (without rent)
Consumer Prices Including Rent in Madrid are 52.1% higher than in Istanbul
Rent Prices in Madrid are 78.4% higher than in Istanbul
Restaurant Prices in Madrid are 54.7% higher than in Istanbul
Groceries Prices in Madrid are 49.0% higher than in Istanbul
Local Purchasing Power in Madrid is 110.7% higher than in Istanbul
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Istanbul Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 300.00 TL
(8.81 €)
476.61 TL
(14.00 €)
     +58.9 %
Meal for 2 People, Mid-range Restaurant, Three-course 1,200.00 TL
(35.25 €)
2,042.62 TL
(60.00 €)
     +70.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 200.00 TL
(5.87 €)
306.39 TL
(9.00 €)
     +53.2 %
Domestic Beer (1 pint draught) 100.00 TL
(2.94 €)
119.15 TL
(3.50 €)
     +19.2 %
Imported Beer (12 oz small bottle) 140.00 TL
(4.11 €)
136.17 TL
(4.00 €)
     -2.7 %
Cappuccino (regular) 79.09 TL
(2.32 €)
80.58 TL
(2.37 €)
     +1.9 %
Coke/Pepsi (12 oz small bottle) 34.66 TL
(1.02 €)
84.54 TL
(2.48 €)
     +143.9 %
Water (12 oz small bottle) 15.08 TL
(0.44 €)
53.68 TL
(1.58 €)
     +256.0 %
Markets
Istanbul Edit Madrid Edit
Milk (regular), (1 gallon) 131.69 TL
(3.87 €)
137.92 TL
(4.05 €)
     +4.7 %
Loaf of Fresh White Bread (1 lb) 15.61 TL
(0.46 €)
46.89 TL
(1.38 €)
     +200.4 %
Rice (white), (1 lb) 24.73 TL
(0.73 €)
22.15 TL
(0.65 €)
     -10.4 %
Eggs (regular) (12) 66.98 TL
(1.97 €)
95.80 TL
(2.81 €)
     +43.0 %
Local Cheese (1 lb) 111.21 TL
(3.27 €)
205.64 TL
(6.04 €)
     +84.9 %
Chicken Fillets (1 lb) 77.84 TL
(2.29 €)
114.99 TL
(3.38 €)
     +47.7 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 200.98 TL
(5.90 €)
214.10 TL
(6.29 €)
     +6.5 %
Apples (1 lb) 15.97 TL
(0.47 €)
34.60 TL
(1.02 €)
     +116.6 %
Banana (1 lb) 23.45 TL
(0.69 €)
27.60 TL
(0.81 €)
     +17.7 %
Oranges (1 lb) 15.19 TL
(0.45 €)
26.01 TL
(0.76 €)
     +71.2 %
Tomato (1 lb) 16.47 TL
(0.48 €)
35.63 TL
(1.05 €)
     +116.4 %
Potato (1 lb) 10.15 TL
(0.30 €)
20.75 TL
(0.61 €)
     +104.3 %
Onion (1 lb) 7.24 TL
(0.21 €)
22.76 TL
(0.67 €)
     +214.1 %
Lettuce (1 head) 31.11 TL
(0.91 €)
40.92 TL
(1.20 €)
     +31.5 %
Water (1.5 liter bottle) 11.92 TL
(0.35 €)
29.51 TL
(0.87 €)
     +147.6 %
Bottle of Wine (Mid-Range) 300.00 TL
(8.81 €)
204.26 TL
(6.00 €)
     -31.9 %
Domestic Beer (0.5 liter bottle) 53.60 TL
(1.57 €)
39.70 TL
(1.17 €)
     -25.9 %
Imported Beer (12 oz small bottle) 77.19 TL
(2.27 €)
59.22 TL
(1.74 €)
     -23.3 %
Cigarettes 20 Pack (Marlboro) 56.00 TL
(1.64 €)
187.24 TL
(5.50 €)
     +234.4 %
Transportation
Istanbul Edit Madrid Edit
One-way Ticket (Local Transport) 17.70 TL
(0.52 €)
51.07 TL
(1.50 €)
     +188.5 %
Monthly Pass (Regular Price) 1,177.00 TL
(34.57 €)
1,361.74 TL
(40.00 €)
     +15.7 %
Taxi Start (Normal Tariff) 24.55 TL
(0.72 €)
102.13 TL
(3.00 €)
     +316.0 %
Taxi 1 mile (Normal Tariff) 28.34 TL
(0.83 €)
65.75 TL
(1.93 €)
     +132.0 %
Taxi 1hour Waiting (Normal Tariff) 250.00 TL
(7.34 €)
748.96 TL
(22.00 €)
     +199.6 %
Gasoline (1 gallon) 146.90 TL
(4.32 €)
210.13 TL
(6.17 €)
     +43.0 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 1,350,000.00 TL
(39,655.03 €)
1,089,395.08 TL
(32,000.00 €)
     -19.3 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 1,375,564.90 TL
(40,405.98 €)
889,625.37 TL
(26,131.94 €)
     -35.3 %
Utilities (Monthly)
Istanbul Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 1,826.62 TL
(53.66 €)
4,509.16 TL
(132.45 €)
     +146.9 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 242.92 TL
(7.14 €)
553.41 TL
(16.26 €)
     +127.8 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 320.53 TL
(9.42 €)
1,005.91 TL
(29.55 €)
     +213.8 %
Sports And Leisure
Istanbul Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 1,276.25 TL
(37.49 €)
1,453.34 TL
(42.69 €)
     +13.9 %
Tennis Court Rent (1 Hour on Weekend) 423.08 TL
(12.43 €)
337.44 TL
(9.91 €)
     -20.2 %
Cinema, International Release, 1 Seat 180.00 TL
(5.29 €)
340.44 TL
(10.00 €)
     +89.1 %
Childcare
Istanbul Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 14,975.46 TL
(439.89 €)
16,667.74 TL
(489.60 €)
     +11.3 %
International Primary School, Yearly for 1 Child 308,543.34 TL
(9,063.18 €)
300,121.18 TL
(8,815.79 €)
     -2.7 %
Clothing And Shoes
Istanbul Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 1,435.68 TL
(42.17 €)
2,328.58 TL
(68.40 €)
     +62.2 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 1,036.10 TL
(30.43 €)
975.75 TL
(28.66 €)
     -5.8 %
1 Pair of Nike Running Shoes (Mid-Range) 2,630.74 TL
(77.28 €)
2,607.83 TL
(76.60 €)
     -0.9 %
1 Pair of Men Leather Business Shoes 2,466.67 TL
(72.46 €)
2,851.72 TL
(83.77 €)
     +15.6 %
Rent Per Month
Istanbul Edit Madrid Edit
Apartment (1 bedroom) in City Centre 22,800.22 TL
(669.74 €)
41,041.45 TL
(1,205.56 €)
     +80.0 %
Apartment (1 bedroom) Outside of Centre 14,644.01 TL
(430.15 €)
29,958.36 TL
(880.00 €)
     +104.6 %
Apartment (3 bedrooms) in City Centre 44,216.66 TL
(1,298.82 €)
72,860.70 TL
(2,140.22 €)
     +64.8 %
Apartment (3 bedrooms) Outside of Centre 26,951.18 TL
(791.67 €)
49,900.95 TL
(1,465.80 €)
     +85.2 %
Buy Apartment Price
Istanbul Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 8,975.57 TL
(263.65 €)
14,005.45 TL
(411.40 €)
     +56.0 %
Price per Square Feet to Buy Apartment Outside of Centre 4,694.28 TL
(137.89 €)
8,116.25 TL
(238.41 €)
     +72.9 %
Salaries And Financing
Istanbul Edit Madrid Edit
Average Monthly Net Salary (After Tax) 23,284.42 TL
(683.96 €)
74,619.01 TL
(2,191.87 €)
     +220.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 37.85 2.65      -93.0 %
Last update: March 2024February 2024
Contributors in the past 12 months:1362548