Cost of Living Comparison Between Istanbul and Madrid 

Indices DifferenceInfo
Cost of Living in Madrid is 37.9% higher than in Istanbul (without rent)
Cost of Living Including Rent in Madrid is 47.6% higher than in Istanbul
Rent Prices in Madrid are 71.6% higher than in Istanbul
Restaurant Prices in Madrid are 42.2% higher than in Istanbul
Groceries Prices in Madrid are 35.4% higher than in Istanbul
Local Purchasing Power in Madrid is 103.2% higher than in Istanbul
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Istanbul Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 300.00 TL
(8.34 €)
539.25 TL
(15.00 €)
     +79.8 %
Meal for 2 People, Mid-range Restaurant, Three-course 1,500.00 TL
(41.72 €)
2,157.00 TL
(60.00 €)
     +43.8 %
McMeal at McDonalds (or Equivalent Combo Meal) 250.00 TL
(6.95 €)
359.50 TL
(10.00 €)
     +43.8 %
Domestic Beer (1 pint draught) 127.50 TL
(3.55 €)
125.83 TL
(3.50 €)
     -1.3 %
Imported Beer (12 oz small bottle) 170.00 TL
(4.73 €)
143.80 TL
(4.00 €)
     -15.4 %
Cappuccino (regular) 99.98 TL
(2.78 €)
86.63 TL
(2.41 €)
     -13.3 %
Coke/Pepsi (12 oz small bottle) 44.75 TL
(1.24 €)
92.40 TL
(2.57 €)
     +106.5 %
Water (12 oz small bottle) 18.27 TL
(0.51 €)
60.42 TL
(1.68 €)
     +230.7 %
Markets
Istanbul Edit Madrid Edit
Milk (regular), (1 gallon) 138.99 TL
(3.87 €)
145.88 TL
(4.06 €)
     +5.0 %
Loaf of Fresh White Bread (1 lb) 22.24 TL
(0.62 €)
49.47 TL
(1.38 €)
     +122.5 %
Rice (white), (1 lb) 28.38 TL
(0.79 €)
24.42 TL
(0.68 €)
     -13.9 %
Eggs (regular) (12) 66.63 TL
(1.85 €)
101.90 TL
(2.83 €)
     +52.9 %
Local Cheese (1 lb) 141.47 TL
(3.94 €)
226.98 TL
(6.31 €)
     +60.4 %
Chicken Fillets (1 lb) 88.74 TL
(2.47 €)
127.63 TL
(3.55 €)
     +43.8 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 272.65 TL
(7.58 €)
233.38 TL
(6.49 €)
     -14.4 %
Apples (1 lb) 18.15 TL
(0.50 €)
38.37 TL
(1.07 €)
     +111.4 %
Banana (1 lb) 30.64 TL
(0.85 €)
30.72 TL
(0.85 €)
     +0.3 %
Oranges (1 lb) 14.27 TL
(0.40 €)
32.60 TL
(0.91 €)
     +128.5 %
Tomato (1 lb) 18.85 TL
(0.52 €)
36.25 TL
(1.01 €)
     +92.3 %
Potato (1 lb) 11.15 TL
(0.31 €)
26.26 TL
(0.73 €)
     +135.5 %
Onion (1 lb) 8.89 TL
(0.25 €)
25.97 TL
(0.72 €)
     +192.3 %
Lettuce (1 head) 33.32 TL
(0.93 €)
42.91 TL
(1.19 €)
     +28.8 %
Water (1.5 liter bottle) 12.49 TL
(0.35 €)
31.26 TL
(0.87 €)
     +150.2 %
Bottle of Wine (Mid-Range) 350.00 TL
(9.74 €)
215.70 TL
(6.00 €)
     -38.4 %
Domestic Beer (0.5 liter bottle) 65.04 TL
(1.81 €)
43.33 TL
(1.21 €)
     -33.4 %
Imported Beer (12 oz small bottle) 86.89 TL
(2.42 €)
65.19 TL
(1.81 €)
     -25.0 %
Cigarettes 20 Pack (Marlboro) 65.00 TL
(1.81 €)
202.22 TL
(5.62 €)
     +211.1 %
Transportation
Istanbul Edit Madrid Edit
One-way Ticket (Local Transport) 18.00 TL
(0.50 €)
53.93 TL
(1.50 €)
     +199.6 %
Monthly Pass (Regular Price) 1,388.00 TL
(38.61 €)
1,797.50 TL
(50.00 €)
     +29.5 %
Taxi Start (Normal Tariff) 25.00 TL
(0.70 €)
125.83 TL
(3.50 €)
     +403.3 %
Taxi 1 mile (Normal Tariff) 28.97 TL
(0.81 €)
75.21 TL
(2.09 €)
     +159.6 %
Taxi 1hour Waiting (Normal Tariff) 254.32 TL
(7.07 €)
858.31 TL
(23.88 €)
     +237.5 %
Gasoline (1 gallon) 157.76 TL
(4.39 €)
229.58 TL
(6.39 €)
     +45.5 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 1,500,000.00 TL
(41,724.55 €)
1,199,473.71 TL
(33,365.00 €)
     -20.0 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 1,472,837.89 TL
(40,969.00 €)
1,008,893.46 TL
(28,063.75 €)
     -31.5 %
Utilities (Monthly)
Istanbul Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 1,857.85 TL
(51.68 €)
5,508.01 TL
(153.21 €)
     +196.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 305.49 TL
(8.50 €)
530.68 TL
(14.76 €)
     +73.7 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 401.45 TL
(11.17 €)
1,142.62 TL
(31.78 €)
     +184.6 %
Sports And Leisure
Istanbul Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 1,470.78 TL
(40.91 €)
1,560.60 TL
(43.41 €)
     +6.1 %
Tennis Court Rent (1 Hour on Weekend) 429.41 TL
(11.94 €)
458.96 TL
(12.77 €)
     +6.9 %
Cinema, International Release, 1 Seat 200.00 TL
(5.56 €)
359.50 TL
(10.00 €)
     +79.8 %
Childcare
Istanbul Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 19,534.66 TL
(543.38 €)
18,749.34 TL
(521.54 €)
     -4.0 %
International Primary School, Yearly for 1 Child 448,797.50 TL
(12,483.92 €)
337,074.60 TL
(9,376.19 €)
     -24.9 %
Clothing And Shoes
Istanbul Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 1,640.19 TL
(45.62 €)
3,124.28 TL
(86.91 €)
     +90.5 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 1,198.62 TL
(33.34 €)
1,271.78 TL
(35.38 €)
     +6.1 %
1 Pair of Nike Running Shoes (Mid-Range) 3,012.99 TL
(83.81 €)
3,220.10 TL
(89.57 €)
     +6.9 %
1 Pair of Men Leather Business Shoes 2,683.06 TL
(74.63 €)
3,824.34 TL
(106.38 €)
     +42.5 %
Rent Per Month
Istanbul Edit Madrid Edit
Apartment (1 bedroom) in City Centre 27,353.78 TL
(760.88 €)
48,494.56 TL
(1,348.94 €)
     +77.3 %
Apartment (1 bedroom) Outside of Centre 17,709.86 TL
(492.62 €)
35,012.23 TL
(973.91 €)
     +97.7 %
Apartment (3 bedrooms) in City Centre 52,842.86 TL
(1,469.90 €)
82,249.59 TL
(2,287.88 €)
     +55.6 %
Apartment (3 bedrooms) Outside of Centre 32,873.22 TL
(914.41 €)
58,653.30 TL
(1,631.52 €)
     +78.4 %
Buy Apartment Price
Istanbul Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 10,284.71 TL
(286.08 €)
18,601.97 TL
(517.44 €)
     +80.9 %
Price per Square Feet to Buy Apartment Outside of Centre 5,338.26 TL
(148.49 €)
11,235.23 TL
(312.52 €)
     +110.5 %
Salaries And Financing
Istanbul Edit Madrid Edit
Average Monthly Net Salary (After Tax) 27,908.57 TL
(776.32 €)
83,744.09 TL
(2,329.46 €)
     +200.1 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 44.25 3.29      -92.6 %
Last update: July 2024July 2024
Contributors in the past 12 months:1113486