Cost of Living Comparison Between London and Madrid 

Indices DifferenceInfo
Cost of Living in Madrid is 32.5% lower than in London (without rent)
Cost of Living Including Rent in Madrid is 41.7% lower than in London
Rent Prices in Madrid are 53.2% lower than in London
Restaurant Prices in Madrid are 34.1% lower than in London
Groceries Prices in Madrid are 21.8% lower than in London
Local Purchasing Power in Madrid is 6.3% lower than in London
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
London Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 20.00 £
(23.51 €)
12.76 £
(15.00 €)
     -36.2 %
Meal for 2 People, Mid-range Restaurant, Three-course 80.00 £
(94.04 €)
51.04 £
(60.00 €)
     -36.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 8.00 £
(9.40 €)
8.51 £
(10.00 €)
     +6.3 %
Domestic Beer (1 pint draught) 6.50 £
(7.64 €)
2.98 £
(3.50 €)
     -54.2 %
Imported Beer (12 oz small bottle) 5.75 £
(6.76 €)
3.40 £
(4.00 €)
     -40.8 %
Cappuccino (regular) 3.62 £
(4.26 €)
2.05 £
(2.41 €)
     -43.3 %
Coke/Pepsi (12 oz small bottle) 2.05 £
(2.41 €)
2.15 £
(2.52 €)
     +4.9 %
Water (12 oz small bottle) 1.63 £
(1.91 €)
1.41 £
(1.66 €)
     -13.4 %
Markets
London Edit Madrid Edit
Milk (regular), (1 gallon) 4.96 £
(5.83 €)
3.40 £
(4.00 €)
     -31.3 %
Loaf of Fresh White Bread (1 lb) 1.41 £
(1.65 €)
1.19 £
(1.40 €)
     -15.3 %
Rice (white), (1 lb) 0.92 £
(1.08 €)
0.56 £
(0.66 €)
     -38.9 %
Eggs (regular) (12) 3.15 £
(3.70 €)
2.39 £
(2.81 €)
     -23.9 %
Local Cheese (1 lb) 3.41 £
(4.01 €)
5.54 £
(6.51 €)
     +62.6 %
Chicken Fillets (1 lb) 3.39 £
(3.98 €)
3.01 £
(3.54 €)
     -11.1 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 5.52 £
(6.48 €)
5.50 £
(6.47 €)
     -0.3 %
Apples (1 lb) 1.17 £
(1.37 €)
0.89 £
(1.05 €)
     -23.5 %
Banana (1 lb) 0.59 £
(0.70 €)
0.71 £
(0.83 €)
     +18.8 %
Oranges (1 lb) 1.17 £
(1.38 €)
0.75 £
(0.88 €)
     -36.0 %
Tomato (1 lb) 1.39 £
(1.64 €)
0.87 £
(1.02 €)
     -37.7 %
Potato (1 lb) 0.58 £
(0.68 €)
0.58 £
(0.68 €)
     +0.2 %
Onion (1 lb) 0.53 £
(0.62 €)
0.59 £
(0.70 €)
     +11.8 %
Lettuce (1 head) 0.97 £
(1.14 €)
1.02 £
(1.19 €)
     +4.8 %
Water (1.5 liter bottle) 1.31 £
(1.54 €)
0.76 £
(0.89 €)
     -42.2 %
Bottle of Wine (Mid-Range) 9.50 £
(11.17 €)
5.10 £
(6.00 €)
     -46.3 %
Domestic Beer (0.5 liter bottle) 2.09 £
(2.46 €)
1.04 £
(1.22 €)
     -50.3 %
Imported Beer (12 oz small bottle) 2.44 £
(2.86 €)
1.61 £
(1.90 €)
     -33.8 %
Cigarettes 20 Pack (Marlboro) 15.00 £
(17.63 €)
4.79 £
(5.62 €)
     -68.1 %
Transportation
London Edit Madrid Edit
One-way Ticket (Local Transport) 2.80 £
(3.29 €)
1.28 £
(1.50 €)
     -54.4 %
Monthly Pass (Regular Price) 200.00 £
(235.09 €)
44.24 £
(52.00 €)
     -77.9 %
Taxi Start (Normal Tariff) 4.50 £
(5.29 €)
2.66 £
(3.12 €)
     -40.9 %
Taxi 1 mile (Normal Tariff) 3.13 £
(3.68 €)
1.78 £
(2.09 €)
     -43.2 %
Taxi 1hour Waiting (Normal Tariff) 30.00 £
(35.26 €)
18.93 £
(22.25 €)
     -36.9 %
Gasoline (1 gallon) 5.71 £
(6.71 €)
5.33 £
(6.26 €)
     -6.6 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 27,280.00 £
(32,066.73 €)
28,384.47 £
(33,365.00 €)
     +4.0 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,860.62 £
(30,398.30 €)
23,496.83 £
(27,619.74 €)
     -9.1 %
Utilities (Monthly)
London Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 291.61 £
(342.78 €)
121.55 £
(142.88 €)
     -58.3 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 15.49 £
(18.21 €)
12.88 £
(15.14 €)
     -16.8 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 31.23 £
(36.71 €)
26.15 £
(30.74 €)
     -16.2 %
Sports And Leisure
London Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 45.94 £
(54.00 €)
38.18 £
(44.88 €)
     -16.9 %
Tennis Court Rent (1 Hour on Weekend) 14.35 £
(16.87 €)
10.85 £
(12.75 €)
     -24.4 %
Cinema, International Release, 1 Seat 15.00 £
(17.63 €)
8.51 £
(10.00 €)
     -43.3 %
Childcare
London Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,840.34 £
(2,163.26 €)
426.72 £
(501.60 €)
     -76.8 %
International Primary School, Yearly for 1 Child 20,054.76 £
(23,573.71 €)
7,838.83 £
(9,214.29 €)
     -60.9 %
Clothing And Shoes
London Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 81.68 £
(96.01 €)
66.83 £
(78.56 €)
     -18.2 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 39.57 £
(46.51 €)
27.20 £
(31.97 €)
     -31.3 %
1 Pair of Nike Running Shoes (Mid-Range) 89.16 £
(104.80 €)
68.72 £
(80.78 €)
     -22.9 %
1 Pair of Men Leather Business Shoes 97.78 £
(114.93 €)
78.50 £
(92.28 €)
     -19.7 %
Rent Per Month
London Edit Madrid Edit
Apartment (1 bedroom) in City Centre 2,131.63 £
(2,505.66 €)
1,096.77 £
(1,289.22 €)
     -48.5 %
Apartment (1 bedroom) Outside of Centre 1,605.16 £
(1,886.81 €)
788.28 £
(926.60 €)
     -50.9 %
Apartment (3 bedrooms) in City Centre 4,422.97 £
(5,199.06 €)
1,904.78 £
(2,239.00 €)
     -56.9 %
Apartment (3 bedrooms) Outside of Centre 2,858.97 £
(3,360.63 €)
1,363.05 £
(1,602.22 €)
     -52.3 %
Buy Apartment Price
London Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 1,292.57 £
(1,519.37 €)
385.88 £
(453.59 €)
     -70.1 %
Price per Square Feet to Buy Apartment Outside of Centre 739.22 £
(868.93 €)
218.82 £
(257.21 €)
     -70.4 %
Salaries And Financing
London Edit Madrid Edit
Average Monthly Net Salary (After Tax) 3,507.35 £
(4,122.77 €)
1,914.97 £
(2,250.98 €)
     -45.4 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.51 2.86      -48.0 %
Last update: May 2024May 2024
Contributors in the past 12 months:908524