Cost of Living Comparison Between Miami, FL and Madrid 

Indices DifferenceInfo
Cost of Living in Madrid is 31.8% lower than in Miami, FL (without rent)
Cost of Living Including Rent in Madrid is 41.6% lower than in Miami, FL
Rent Prices in Madrid are 54.6% lower than in Miami, FL
Restaurant Prices in Madrid are 36.5% lower than in Miami, FL
Groceries Prices in Madrid are 36.8% lower than in Miami, FL
Local Purchasing Power in Madrid is 0.3% lower than in Miami, FL
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Miami, FL Edit Madrid Edit Difference
Meal, Inexpensive Restaurant 25.00 $
(23.82 €)
15.74 $
(15.00 €)
     -37.0 %
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 $
(95.28 €)
62.97 $
(60.00 €)
     -37.0 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(11.43 €)
10.50 $
(10.00 €)
     -12.5 %
Domestic Beer (1 pint draught) 8.00 $
(7.62 €)
3.67 $
(3.50 €)
     -54.1 %
Imported Beer (12 oz small bottle) 9.00 $
(8.58 €)
4.20 $
(4.00 €)
     -53.4 %
Cappuccino (regular) 5.22 $
(4.97 €)
2.61 $
(2.49 €)
     -49.9 %
Coke/Pepsi (12 oz small bottle) 3.24 $
(3.09 €)
2.74 $
(2.61 €)
     -15.4 %
Water (12 oz small bottle) 2.66 $
(2.53 €)
1.80 $
(1.71 €)
     -32.3 %
Markets
Miami, FL Edit Madrid Edit
Milk (regular), (1 gallon) 4.43 $
(4.22 €)
4.14 $
(3.95 €)
     -6.5 %
Loaf of Fresh White Bread (1 lb) 3.68 $
(3.50 €)
1.34 $
(1.28 €)
     -63.5 %
Rice (white), (1 lb) 1.73 $
(1.65 €)
0.67 $
(0.64 €)
     -61.3 %
Eggs (regular) (12) 4.47 $
(4.26 €)
2.99 $
(2.85 €)
     -33.1 %
Local Cheese (1 lb) 6.46 $
(6.16 €)
5.64 $
(5.37 €)
     -12.8 %
Chicken Fillets (1 lb) 5.81 $
(5.54 €)
3.70 $
(3.52 €)
     -36.4 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.31 $
(7.91 €)
6.62 $
(6.30 €)
     -20.3 %
Apples (1 lb) 2.13 $
(2.03 €)
1.03 $
(0.98 €)
     -51.4 %
Banana (1 lb) 0.77 $
(0.73 €)
0.87 $
(0.83 €)
     +12.8 %
Oranges (1 lb) 1.37 $
(1.31 €)
0.96 $
(0.92 €)
     -29.7 %
Tomato (1 lb) 2.00 $
(1.90 €)
1.03 $
(0.98 €)
     -48.6 %
Potato (1 lb) 1.14 $
(1.09 €)
0.80 $
(0.77 €)
     -29.7 %
Onion (1 lb) 1.49 $
(1.42 €)
0.79 $
(0.75 €)
     -46.9 %
Lettuce (1 head) 2.93 $
(2.79 €)
1.18 $
(1.13 €)
     -59.7 %
Water (1.5 liter bottle) 1.90 $
(1.81 €)
0.87 $
(0.83 €)
     -54.3 %
Bottle of Wine (Mid-Range) 15.00 $
(14.29 €)
6.30 $
(6.00 €)
     -58.0 %
Domestic Beer (0.5 liter bottle) 2.37 $
(2.25 €)
1.26 $
(1.20 €)
     -46.6 %
Imported Beer (12 oz small bottle) 2.74 $
(2.61 €)
1.99 $
(1.90 €)
     -27.4 %
Cigarettes 20 Pack (Marlboro) 11.40 $
(10.86 €)
6.30 $
(6.00 €)
     -44.8 %
Transportation
Miami, FL Edit Madrid Edit
One-way Ticket (Local Transport) 2.25 $
(2.14 €)
1.57 $
(1.50 €)
     -30.0 %
Monthly Pass (Regular Price) 103.75 $
(98.85 €)
35.58 $
(33.90 €)
     -65.7 %
Taxi Start (Normal Tariff) 3.00 $
(2.86 €)
3.67 $
(3.50 €)
     +22.4 %
Taxi 1 mile (Normal Tariff) 2.10 $
(2.00 €)
2.20 $
(2.09 €)
     +4.6 %
Taxi 1hour Waiting (Normal Tariff) 45.00 $
(42.88 €)
26.24 $
(25.00 €)
     -41.7 %
Gasoline (1 gallon) 3.49 $
(3.33 €)
6.66 $
(6.35 €)
     +90.7 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,862.50 $
(29,405.45 €)
35,018.25 $
(33,365.00 €)
     +13.5 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,557.64 $
(24,351.04 €)
30,285.19 $
(28,855.40 €)
     +18.5 %
Utilities (Monthly)
Miami, FL Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 153.28 $
(146.05 €)
167.78 $
(159.86 €)
     +9.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 65.97 $
(62.85 €)
16.35 $
(15.58 €)
     -75.2 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 65.47 $
(62.37 €)
31.72 $
(30.22 €)
     -51.6 %
Sports And Leisure
Miami, FL Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 76.25 $
(72.65 €)
43.59 $
(41.54 €)
     -42.8 %
Tennis Court Rent (1 Hour on Weekend) 25.78 $
(24.56 €)
13.99 $
(13.33 €)
     -45.7 %
Cinema, International Release, 1 Seat 15.00 $
(14.29 €)
10.50 $
(10.00 €)
     -30.0 %
Childcare
Miami, FL Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,389.58 $
(1,323.98 €)
574.87 $
(547.73 €)
     -58.6 %
International Primary School, Yearly for 1 Child 23,888.89 $
(22,761.07 €)
10,140.66 $
(9,661.90 €)
     -57.6 %
Clothing And Shoes
Miami, FL Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 51.24 $
(48.82 €)
83.07 $
(79.15 €)
     +62.1 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 55.77 $
(53.14 €)
37.71 $
(35.93 €)
     -32.4 %
1 Pair of Nike Running Shoes (Mid-Range) 91.75 $
(87.42 €)
95.62 $
(91.11 €)
     +4.2 %
1 Pair of Men Leather Business Shoes 126.25 $
(120.29 €)
115.45 $
(110.00 €)
     -8.6 %
Rent Per Month
Miami, FL Edit Madrid Edit
Apartment (1 bedroom) in City Centre 2,854.35 $
(2,719.59 €)
1,435.68 $
(1,367.90 €)
     -49.7 %
Apartment (1 bedroom) Outside of Centre 2,075.40 $
(1,977.42 €)
1,010.43 $
(962.73 €)
     -51.3 %
Apartment (3 bedrooms) in City Centre 5,474.70 $
(5,216.23 €)
2,388.18 $
(2,275.43 €)
     -56.4 %
Apartment (3 bedrooms) Outside of Centre 3,792.46 $
(3,613.42 €)
1,606.06 $
(1,530.23 €)
     -57.7 %
Buy Apartment Price
Miami, FL Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 598.06 $
(569.83 €)
640.19 $
(609.96 €)
     +7.0 %
Price per Square Feet to Buy Apartment Outside of Centre 369.99 $
(352.53 €)
374.46 $
(356.78 €)
     +1.2 %
Salaries And Financing
Miami, FL Edit Madrid Edit
Average Monthly Net Salary (After Tax) 3,945.22 $
(3,758.96 €)
2,296.20 $
(2,187.79 €)
     -41.8 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.68 3.65      -45.4 %
Last update: February 2025February 2025
Contributors in the past 12 months:119337