Cost of Living Comparison Between London and Madrid 

Indices DifferenceInfo
Consumer Prices in Madrid are 28.86% lower than in London (without rent)
Consumer Prices Including Rent in Madrid are 40.97% lower than in London
Rent Prices in Madrid are 56.89% lower than in London
Restaurant Prices in Madrid are 28.41% lower than in London
Groceries Prices in Madrid are 23.67% lower than in London
Local Purchasing Power in Madrid is 22.84% lower than in London
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
London Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 15.00 £
(17.58 €)
10.24 £
(12.00 €)
     -31.72 %
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 £
(70.30 €)
42.67 £
(50.00 €)
     -28.88 %
McMeal at McDonalds (or Equivalent Combo Meal) 6.00 £
(7.03 €)
6.83 £
(8.00 €)
     +13.80 %
Domestic Beer (1 pint draught) 5.00 £
(5.86 €)
2.56 £
(3.00 €)
     -48.79 %
Imported Beer (12 oz small bottle) 4.50 £
(5.27 €)
2.99 £
(3.50 €)
     -33.62 %
Cappuccino (regular) 2.95 £
(3.46 €)
1.69 £
(1.98 €)
     -42.79 %
Coke/Pepsi (12 oz small bottle) 1.50 £
(1.75 €)
1.68 £
(1.97 €)
     +12.33 %
Water (12 oz small bottle) 1.15 £
(1.35 €)
1.28 £
(1.50 €)
     +10.99 %
Markets
London Edit Madrid Edit
Milk (regular), (1 gallon) 3.58 £
(4.19 €)
2.61 £
(3.06 €)
     -27.10 %
Loaf of Fresh White Bread (1 lb) 0.91 £
(1.07 €)
0.76 £
(0.89 €)
     -16.86 %
Rice (white), (1 lb) 0.68 £
(0.79 €)
0.43 £
(0.50 €)
     -36.76 %
Eggs (regular) (12) 2.21 £
(2.59 €)
1.70 £
(1.99 €)
     -23.30 %
Local Cheese (1 lb) 3.14 £
(3.68 €)
3.68 £
(4.31 €)
     +17.07 %
Chicken Fillets (1 lb) 2.81 £
(3.30 €)
2.49 £
(2.92 €)
     -11.36 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.59 £
(5.38 €)
4.37 £
(5.12 €)
     -4.75 %
Apples (1 lb) 1.01 £
(1.18 €)
0.80 £
(0.94 €)
     -20.79 %
Banana (1 lb) 0.50 £
(0.58 €)
0.67 £
(0.78 €)
     +34.12 %
Oranges (1 lb) 0.91 £
(1.06 €)
0.62 £
(0.73 €)
     -31.27 %
Tomato (1 lb) 1.15 £
(1.35 €)
0.72 £
(0.84 €)
     -37.65 %
Potato (1 lb) 0.53 £
(0.62 €)
0.49 £
(0.58 €)
     -7.16 %
Onion (1 lb) 0.53 £
(0.63 €)
0.49 £
(0.58 €)
     -8.07 %
Lettuce (1 head) 0.78 £
(0.91 €)
0.82 £
(0.96 €)
     +5.27 %
Water (1.5 liter bottle) 0.92 £
(1.08 €)
0.60 £
(0.70 €)
     -34.75 %
Bottle of Wine (Mid-Range) 8.00 £
(9.37 €)
4.27 £
(5.00 €)
     -46.66 %
Domestic Beer (0.5 liter bottle) 1.85 £
(2.17 €)
0.90 £
(1.06 €)
     -51.36 %
Imported Beer (12 oz small bottle) 2.08 £
(2.44 €)
1.37 £
(1.60 €)
     -34.35 %
Cigarettes 20 Pack (Marlboro) 12.50 £
(14.65 €)
4.61 £
(5.40 €)
     -63.13 %
Transportation
London Edit Madrid Edit
One-way Ticket (Local Transport) 2.80 £
(3.28 €)
1.28 £
(1.50 €)
     -54.28 %
Monthly Pass (Regular Price) 158.00 £
(185.13 €)
46.94 £
(55.00 €)
     -70.29 %
Taxi Start (Normal Tariff) 3.00 £
(3.52 €)
2.56 £
(3.00 €)
     -14.65 %
Taxi 1 mile (Normal Tariff) 2.74 £
(3.21 €)
1.51 £
(1.77 €)
     -44.78 %
Taxi 1hour Waiting (Normal Tariff) 28.80 £
(33.74 €)
20.48 £
(24.00 €)
     -28.88 %
Gasoline (1 gallon) 4.64 £
(5.44 €)
4.19 £
(4.90 €)
     -9.86 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 23,017.50 £
(26,969.29 €)
17,922.89 £
(21,000.00 €)
     -22.13 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 23,012.74 £
(26,963.71 €)
20,086.79 £
(23,535.42 €)
     -12.71 %
Utilities (Monthly)
London Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 171.04 £
(200.40 €)
108.26 £
(126.85 €)
     -36.70 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.13 £
(0.15 €)
0.18 £
(0.21 €)
     +39.92 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 32.12 £
(37.64 €)
33.83 £
(39.63 €)
     +5.29 %
Sports And Leisure
London Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 46.55 £
(54.54 €)
34.29 £
(40.17 €)
     -26.35 %
Tennis Court Rent (1 Hour on Weekend) 9.46 £
(11.09 €)
10.17 £
(11.92 €)
     +7.49 %
Cinema, International Release, 1 Seat 14.97 £
(17.55 €)
7.68 £
(9.00 €)
     -48.71 %
Childcare
London Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,399.77 £
(1,640.09 €)
380.17 £
(445.43 €)
     -72.84 %
International Primary School, Yearly for 1 Child 18,196.00 £
(21,320.00 €)
6,755.22 £
(7,915.00 €)
     -62.88 %
Clothing And Shoes
London Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 58.91 £
(69.02 €)
57.04 £
(66.83 €)
     -3.17 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 27.81 £
(32.59 €)
25.71 £
(30.12 €)
     -7.58 %
1 Pair of Nike Running Shoes (Mid-Range) 71.00 £
(83.19 €)
61.65 £
(72.24 €)
     -13.17 %
1 Pair of Men Leather Business Shoes 85.56 £
(100.24 €)
76.19 £
(89.28 €)
     -10.94 %
Rent Per Month
London Edit Madrid Edit
Apartment (1 bedroom) in City Centre 1,656.90 £
(1,941.37 €)
750.58 £
(879.44 €)
     -54.70 %
Apartment (1 bedroom) Outside of Centre 1,270.47 £
(1,488.59 €)
568.93 £
(666.61 €)
     -55.22 %
Apartment (3 bedrooms) in City Centre 3,240.62 £
(3,797.00 €)
1,333.14 £
(1,562.02 €)
     -58.86 %
Apartment (3 bedrooms) Outside of Centre 2,099.96 £
(2,460.49 €)
912.04 £
(1,068.63 €)
     -56.57 %
Buy Apartment Price
London Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 1,043.37 £
(1,222.50 €)
398.53 £
(466.95 €)
     -61.80 %
Price per Square Feet to Buy Apartment Outside of Centre 514.16 £
(602.43 €)
242.91 £
(284.61 €)
     -52.76 %
Salaries And Financing
London Edit Madrid Edit
Average Monthly Net Salary (After Tax) 3,113.26 £
(3,647.76 €)
1,418.02 £
(1,661.48 €)
     -54.45 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.55 2.10      -17.78 %
Last update: July 2021July 2021
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