Cost of Living Comparison Between New York, NY and Madrid 

Indices DifferenceInfo
Cost of Living in Madrid is 46.4% lower than in New York, NY (without rent)
Cost of Living Including Rent in Madrid is 56.4% lower than in New York, NY
Rent Prices in Madrid are 67.1% lower than in New York, NY
Restaurant Prices in Madrid are 46.4% lower than in New York, NY
Groceries Prices in Madrid are 49.0% lower than in New York, NY
Local Purchasing Power in Madrid is 7.7% lower than in New York, NY
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
New York, NY Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 30.00 $
(28.06 €)
16.04 $
(15.00 €)
     -46.5 %
Meal for 2 People, Mid-range Restaurant, Three-course 130.00 $
(121.58 €)
64.15 $
(60.00 €)
     -50.7 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(11.22 €)
10.69 $
(10.00 €)
     -10.9 %
Domestic Beer (1 pint draught) 8.00 $
(7.48 €)
3.74 $
(3.50 €)
     -53.2 %
Imported Beer (12 oz small bottle) 10.50 $
(9.82 €)
4.28 $
(4.00 €)
     -59.3 %
Cappuccino (regular) 5.72 $
(5.35 €)
2.62 $
(2.45 €)
     -54.3 %
Coke/Pepsi (12 oz small bottle) 3.04 $
(2.84 €)
2.76 $
(2.58 €)
     -9.2 %
Water (12 oz small bottle) 2.29 $
(2.14 €)
1.78 $
(1.66 €)
     -22.2 %
Markets
New York, NY Edit Madrid Edit
Milk (regular), (1 gallon) 5.54 $
(5.18 €)
4.29 $
(4.02 €)
     -22.4 %
Loaf of Fresh White Bread (1 lb) 4.40 $
(4.12 €)
1.51 $
(1.41 €)
     -65.7 %
Rice (white), (1 lb) 3.27 $
(3.06 €)
0.72 $
(0.68 €)
     -77.9 %
Eggs (regular) (12) 5.20 $
(4.86 €)
2.98 $
(2.79 €)
     -42.7 %
Local Cheese (1 lb) 7.46 $
(6.98 €)
6.98 $
(6.53 €)
     -6.4 %
Chicken Fillets (1 lb) 6.73 $
(6.30 €)
3.81 $
(3.56 €)
     -43.4 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.49 $
(7.94 €)
6.90 $
(6.46 €)
     -18.7 %
Apples (1 lb) 3.30 $
(3.09 €)
1.13 $
(1.06 €)
     -65.7 %
Banana (1 lb) 0.93 $
(0.87 €)
0.89 $
(0.83 €)
     -4.3 %
Oranges (1 lb) 2.80 $
(2.61 €)
0.97 $
(0.91 €)
     -65.2 %
Tomato (1 lb) 2.93 $
(2.74 €)
1.10 $
(1.03 €)
     -62.3 %
Potato (1 lb) 1.75 $
(1.64 €)
0.76 $
(0.71 €)
     -56.6 %
Onion (1 lb) 1.69 $
(1.58 €)
0.76 $
(0.71 €)
     -55.2 %
Lettuce (1 head) 3.09 $
(2.89 €)
1.28 $
(1.20 €)
     -58.6 %
Water (1.5 liter bottle) 2.51 $
(2.35 €)
0.91 $
(0.85 €)
     -63.7 %
Bottle of Wine (Mid-Range) 20.00 $
(18.70 €)
6.95 $
(6.50 €)
     -65.2 %
Domestic Beer (0.5 liter bottle) 2.77 $
(2.59 €)
1.30 $
(1.22 €)
     -52.9 %
Imported Beer (12 oz small bottle) 3.76 $
(3.52 €)
1.96 $
(1.84 €)
     -47.9 %
Cigarettes 20 Pack (Marlboro) 17.00 $
(15.90 €)
5.99 $
(5.60 €)
     -64.8 %
Transportation
New York, NY Edit Madrid Edit
One-way Ticket (Local Transport) 2.90 $
(2.71 €)
1.60 $
(1.50 €)
     -44.7 %
Monthly Pass (Regular Price) 132.00 $
(123.45 €)
53.46 $
(50.00 €)
     -59.5 %
Taxi Start (Normal Tariff) 5.00 $
(4.68 €)
3.61 $
(3.38 €)
     -27.8 %
Taxi 1 mile (Normal Tariff) 3.50 $
(3.27 €)
2.24 $
(2.09 €)
     -36.1 %
Taxi 1hour Waiting (Normal Tariff) 34.00 $
(31.80 €)
25.39 $
(23.75 €)
     -25.3 %
Gasoline (1 gallon) 3.79 $
(3.54 €)
6.78 $
(6.34 €)
     +79.0 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 35,000.00 $
(32,733.23 €)
35,675.53 $
(33,365.00 €)
     +1.9 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 28,263.92 $
(26,433.40 €)
29,813.78 $
(27,882.89 €)
     +5.5 %
Utilities (Monthly)
New York, NY Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 170.23 $
(159.21 €)
163.36 $
(152.78 €)
     -4.0 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 65.39 $
(61.15 €)
16.03 $
(14.99 €)
     -75.5 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 69.27 $
(64.79 €)
33.17 $
(31.02 €)
     -52.1 %
Sports And Leisure
New York, NY Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 141.92 $
(132.73 €)
46.16 $
(43.17 €)
     -67.5 %
Tennis Court Rent (1 Hour on Weekend) 77.86 $
(72.81 €)
13.43 $
(12.56 €)
     -82.7 %
Cinema, International Release, 1 Seat 20.00 $
(18.70 €)
10.69 $
(10.00 €)
     -46.5 %
Childcare
New York, NY Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,168.00 $
(2,962.82 €)
551.49 $
(515.77 €)
     -82.6 %
International Primary School, Yearly for 1 Child 58,000.00 $
(54,243.63 €)
9,750.54 $
(9,119.05 €)
     -83.2 %
Clothing And Shoes
New York, NY Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 71.54 $
(66.90 €)
93.86 $
(87.78 €)
     +31.2 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 48.24 $
(45.11 €)
38.64 $
(36.13 €)
     -19.9 %
1 Pair of Nike Running Shoes (Mid-Range) 101.45 $
(94.88 €)
93.33 $
(87.29 €)
     -8.0 %
1 Pair of Men Leather Business Shoes 162.57 $
(152.04 €)
111.45 $
(104.23 €)
     -31.4 %
Rent Per Month
New York, NY Edit Madrid Edit
Apartment (1 bedroom) in City Centre 4,296.00 $
(4,017.77 €)
1,445.67 $
(1,352.04 €)
     -66.3 %
Apartment (1 bedroom) Outside of Centre 2,944.03 $
(2,753.36 €)
1,033.61 $
(966.67 €)
     -64.9 %
Apartment (3 bedrooms) in City Centre 8,681.21 $
(8,118.97 €)
2,486.99 $
(2,325.92 €)
     -71.4 %
Apartment (3 bedrooms) Outside of Centre 4,591.54 $
(4,294.17 €)
1,789.38 $
(1,673.49 €)
     -61.0 %
Buy Apartment Price
New York, NY Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 1,569.57 $
(1,467.92 €)
553.14 $
(517.32 €)
     -64.8 %
Price per Square Feet to Buy Apartment Outside of Centre 1,142.75 $
(1,068.74 €)
332.70 $
(311.15 €)
     -70.9 %
Salaries And Financing
New York, NY Edit Madrid Edit
Average Monthly Net Salary (After Tax) 5,629.65 $
(5,265.04 €)
2,266.18 $
(2,119.41 €)
     -59.7 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.74 3.42      -49.2 %
Last update: June 2024June 2024
Contributors in the past 12 months:480484