Cost of Living Comparison Between Istanbul and Madrid 

Indices DifferenceInfo
Cost of Living in Madrid is 39.0% higher than in Istanbul (without rent)
Cost of Living Including Rent in Madrid is 46.9% higher than in Istanbul
Rent Prices in Madrid are 65.7% higher than in Istanbul
Restaurant Prices in Madrid are 40.2% higher than in Istanbul
Groceries Prices in Madrid are 36.7% higher than in Istanbul
Local Purchasing Power in Madrid is 103.4% higher than in Istanbul
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Istanbul Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 350.00 TL
(9.26 €)
567.06 TL
(15.00 €)
     +62.0 %
Meal for 2 People, Mid-range Restaurant, Three-course 1,500.00 TL
(39.68 €)
2,268.22 TL
(60.00 €)
     +51.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 255.00 TL
(6.75 €)
378.04 TL
(10.00 €)
     +48.2 %
Domestic Beer (1 pint draught) 145.00 TL
(3.84 €)
132.31 TL
(3.50 €)
     -8.7 %
Imported Beer (12 oz small bottle) 180.00 TL
(4.76 €)
151.21 TL
(4.00 €)
     -16.0 %
Cappuccino (regular) 110.15 TL
(2.91 €)
94.51 TL
(2.50 €)
     -14.2 %
Coke/Pepsi (12 oz small bottle) 47.68 TL
(1.26 €)
96.71 TL
(2.56 €)
     +102.9 %
Water (12 oz small bottle) 18.34 TL
(0.49 €)
63.73 TL
(1.69 €)
     +247.5 %
Markets
Istanbul Edit Madrid Edit
Milk (regular), (1 gallon) 139.29 TL
(3.68 €)
154.55 TL
(4.09 €)
     +11.0 %
Loaf of Fresh White Bread (1 lb) 24.71 TL
(0.65 €)
48.64 TL
(1.29 €)
     +96.8 %
Rice (white), (1 lb) 28.75 TL
(0.76 €)
26.10 TL
(0.69 €)
     -9.2 %
Eggs (regular) (12) 64.63 TL
(1.71 €)
110.04 TL
(2.91 €)
     +70.3 %
Local Cheese (1 lb) 144.94 TL
(3.83 €)
233.51 TL
(6.18 €)
     +61.1 %
Chicken Fillets (1 lb) 91.03 TL
(2.41 €)
132.22 TL
(3.50 €)
     +45.2 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 289.29 TL
(7.65 €)
240.08 TL
(6.35 €)
     -17.0 %
Apples (1 lb) 18.89 TL
(0.50 €)
40.62 TL
(1.07 €)
     +115.0 %
Banana (1 lb) 32.09 TL
(0.85 €)
31.91 TL
(0.84 €)
     -0.6 %
Oranges (1 lb) 15.70 TL
(0.42 €)
34.73 TL
(0.92 €)
     +121.2 %
Tomato (1 lb) 18.22 TL
(0.48 €)
37.00 TL
(0.98 €)
     +103.0 %
Potato (1 lb) 10.14 TL
(0.27 €)
28.88 TL
(0.76 €)
     +184.9 %
Onion (1 lb) 8.63 TL
(0.23 €)
27.64 TL
(0.73 €)
     +220.4 %
Lettuce (1 head) 31.97 TL
(0.85 €)
45.07 TL
(1.19 €)
     +41.0 %
Water (1.5 liter bottle) 13.59 TL
(0.36 €)
31.65 TL
(0.84 €)
     +132.8 %
Bottle of Wine (Mid-Range) 350.00 TL
(9.26 €)
264.63 TL
(7.00 €)
     -24.4 %
Domestic Beer (0.5 liter bottle) 70.00 TL
(1.85 €)
45.62 TL
(1.21 €)
     -34.8 %
Imported Beer (12 oz small bottle) 90.12 TL
(2.38 €)
67.50 TL
(1.79 €)
     -25.1 %
Cigarettes 20 Pack (Marlboro) 70.00 TL
(1.85 €)
211.70 TL
(5.60 €)
     +202.4 %
Transportation
Istanbul Edit Madrid Edit
One-way Ticket (Local Transport) 20.00 TL
(0.53 €)
56.71 TL
(1.50 €)
     +183.5 %
Monthly Pass (Regular Price) 1,389.00 TL
(36.74 €)
1,512.15 TL
(40.00 €)
     +8.9 %
Taxi Start (Normal Tariff) 25.27 TL
(0.67 €)
132.31 TL
(3.50 €)
     +423.5 %
Taxi 1 mile (Normal Tariff) 28.97 TL
(0.77 €)
79.09 TL
(2.09 €)
     +173.0 %
Taxi 1hour Waiting (Normal Tariff) 252.16 TL
(6.67 €)
902.56 TL
(23.88 €)
     +257.9 %
Gasoline (1 gallon) 162.18 TL
(4.29 €)
242.69 TL
(6.42 €)
     +49.6 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 1,500,000.00 TL
(39,678.62 €)
1,261,321.66 TL
(33,365.00 €)
     -15.9 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 1,473,371.86 TL
(38,974.24 €)
1,060,914.60 TL
(28,063.75 €)
     -28.0 %
Utilities (Monthly)
Istanbul Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 1,910.07 TL
(50.53 €)
5,848.66 TL
(154.71 €)
     +206.2 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 337.34 TL
(8.92 €)
561.52 TL
(14.85 €)
     +66.5 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 439.92 TL
(11.64 €)
1,177.58 TL
(31.15 €)
     +167.7 %
Sports And Leisure
Istanbul Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 1,577.81 TL
(41.74 €)
1,619.17 TL
(42.83 €)
     +2.6 %
Tennis Court Rent (1 Hour on Weekend) 463.16 TL
(12.25 €)
457.01 TL
(12.09 €)
     -1.3 %
Cinema, International Release, 1 Seat 200.00 TL
(5.29 €)
378.04 TL
(10.00 €)
     +89.0 %
Childcare
Istanbul Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 21,564.03 TL
(570.42 €)
19,740.12 TL
(522.17 €)
     -8.5 %
International Primary School, Yearly for 1 Child 481,526.44 TL
(12,737.54 €)
346,534.25 TL
(9,166.67 €)
     -28.0 %
Clothing And Shoes
Istanbul Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 1,705.95 TL
(45.13 €)
3,081.00 TL
(81.50 €)
     +80.6 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 1,225.43 TL
(32.42 €)
1,319.10 TL
(34.89 €)
     +7.6 %
1 Pair of Nike Running Shoes (Mid-Range) 3,089.41 TL
(81.72 €)
3,329.79 TL
(88.08 €)
     +7.8 %
1 Pair of Men Leather Business Shoes 2,787.86 TL
(73.75 €)
4,022.55 TL
(106.41 €)
     +44.3 %
Rent Per Month
Istanbul Edit Madrid Edit
Apartment (1 bedroom) in City Centre 30,121.82 TL
(796.79 €)
51,095.37 TL
(1,351.60 €)
     +69.6 %
Apartment (1 bedroom) Outside of Centre 19,039.82 TL
(503.65 €)
37,415.75 TL
(989.74 €)
     +96.5 %
Apartment (3 bedrooms) in City Centre 56,827.59 TL
(1,503.23 €)
85,280.30 TL
(2,255.87 €)
     +50.1 %
Apartment (3 bedrooms) Outside of Centre 35,367.66 TL
(935.56 €)
60,249.70 TL
(1,593.75 €)
     +70.4 %
Buy Apartment Price
Istanbul Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 10,473.91 TL
(277.06 €)
20,976.41 TL
(554.88 €)
     +100.3 %
Price per Square Feet to Buy Apartment Outside of Centre 5,452.14 TL
(144.22 €)
12,769.55 TL
(337.79 €)
     +134.2 %
Salaries And Financing
Istanbul Edit Madrid Edit
Average Monthly Net Salary (After Tax) 27,958.10 TL
(739.56 €)
83,535.10 TL
(2,209.70 €)
     +198.8 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 45.17 3.68      -91.9 %
Last update: September 2024September 2024
Contributors in the past 12 months:1047453