Cost of Living Comparison Between New York, NY and Madrid 

Indices DifferenceInfo
Cost of Living in Madrid is 46.0% lower than in New York, NY (without rent)
Cost of Living Including Rent in Madrid is 56.5% lower than in New York, NY
Rent Prices in Madrid are 67.7% lower than in New York, NY
Restaurant Prices in Madrid are 45.7% lower than in New York, NY
Groceries Prices in Madrid are 48.4% lower than in New York, NY
Local Purchasing Power in Madrid is 4.9% 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 $
(27.72 €)
16.24 $
(15.00 €)
     -45.9 %
Meal for 2 People, Mid-range Restaurant, Three-course 130.00 $
(120.11 €)
64.94 $
(60.00 €)
     -50.0 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(11.09 €)
10.82 $
(10.00 €)
     -9.8 %
Domestic Beer (1 pint draught) 8.00 $
(7.39 €)
3.79 $
(3.50 €)
     -52.6 %
Imported Beer (12 oz small bottle) 10.00 $
(9.24 €)
4.33 $
(4.00 €)
     -56.7 %
Cappuccino (regular) 5.66 $
(5.23 €)
2.61 $
(2.41 €)
     -53.9 %
Coke/Pepsi (12 oz small bottle) 3.07 $
(2.84 €)
2.73 $
(2.52 €)
     -11.0 %
Water (12 oz small bottle) 2.28 $
(2.10 €)
1.79 $
(1.66 €)
     -21.2 %
Markets
New York, NY Edit Madrid Edit
Milk (regular), (1 gallon) 5.64 $
(5.21 €)
4.33 $
(4.00 €)
     -23.3 %
Loaf of Fresh White Bread (1 lb) 4.35 $
(4.02 €)
1.52 $
(1.40 €)
     -65.2 %
Rice (white), (1 lb) 3.33 $
(3.08 €)
0.72 $
(0.66 €)
     -78.5 %
Eggs (regular) (12) 5.25 $
(4.85 €)
3.05 $
(2.81 €)
     -42.0 %
Local Cheese (1 lb) 7.46 $
(6.89 €)
7.05 $
(6.51 €)
     -5.5 %
Chicken Fillets (1 lb) 6.81 $
(6.29 €)
3.83 $
(3.54 €)
     -43.7 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.69 $
(8.03 €)
7.00 $
(6.47 €)
     -19.5 %
Apples (1 lb) 3.14 $
(2.90 €)
1.13 $
(1.05 €)
     -63.8 %
Banana (1 lb) 0.96 $
(0.89 €)
0.90 $
(0.83 €)
     -6.5 %
Oranges (1 lb) 2.59 $
(2.40 €)
0.96 $
(0.88 €)
     -63.1 %
Tomato (1 lb) 2.93 $
(2.70 €)
1.10 $
(1.02 €)
     -62.3 %
Potato (1 lb) 1.81 $
(1.67 €)
0.74 $
(0.68 €)
     -59.3 %
Onion (1 lb) 1.69 $
(1.56 €)
0.76 $
(0.70 €)
     -55.3 %
Lettuce (1 head) 2.95 $
(2.72 €)
1.29 $
(1.19 €)
     -56.2 %
Water (1.5 liter bottle) 2.47 $
(2.29 €)
0.96 $
(0.89 €)
     -61.0 %
Bottle of Wine (Mid-Range) 20.00 $
(18.48 €)
6.49 $
(6.00 €)
     -67.5 %
Domestic Beer (0.5 liter bottle) 2.57 $
(2.37 €)
1.32 $
(1.22 €)
     -48.6 %
Imported Beer (12 oz small bottle) 3.81 $
(3.52 €)
2.05 $
(1.90 €)
     -46.1 %
Cigarettes 20 Pack (Marlboro) 17.00 $
(15.71 €)
6.09 $
(5.62 €)
     -64.2 %
Transportation
New York, NY Edit Madrid Edit
One-way Ticket (Local Transport) 2.90 $
(2.68 €)
1.62 $
(1.50 €)
     -44.0 %
Monthly Pass (Regular Price) 132.00 $
(121.95 €)
56.28 $
(52.00 €)
     -57.4 %
Taxi Start (Normal Tariff) 5.00 $
(4.62 €)
3.38 $
(3.12 €)
     -32.4 %
Taxi 1 mile (Normal Tariff) 3.50 $
(3.23 €)
2.26 $
(2.09 €)
     -35.3 %
Taxi 1hour Waiting (Normal Tariff) 34.00 $
(31.41 €)
24.08 $
(22.25 €)
     -29.2 %
Gasoline (1 gallon) 3.86 $
(3.57 €)
6.78 $
(6.26 €)
     +75.6 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 31,500.00 $
(29,102.57 €)
36,113.57 $
(33,365.00 €)
     +14.6 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,469.93 $
(25,379.22 €)
29,895.02 $
(27,619.74 €)
     +8.8 %
Utilities (Monthly)
New York, NY Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 176.78 $
(163.33 €)
154.65 $
(142.88 €)
     -12.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 66.45 $
(61.39 €)
16.39 $
(15.14 €)
     -75.3 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 70.88 $
(65.49 €)
33.28 $
(30.74 €)
     -53.1 %
Sports And Leisure
New York, NY Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 140.00 $
(129.34 €)
48.58 $
(44.88 €)
     -65.3 %
Tennis Court Rent (1 Hour on Weekend) 77.86 $
(71.93 €)
13.80 $
(12.75 €)
     -82.3 %
Cinema, International Release, 1 Seat 20.00 $
(18.48 €)
10.82 $
(10.00 €)
     -45.9 %
Childcare
New York, NY Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,096.67 $
(2,860.98 €)
542.92 $
(501.60 €)
     -82.5 %
International Primary School, Yearly for 1 Child 57,600.00 $
(53,216.12 €)
9,973.35 $
(9,214.29 €)
     -82.7 %
Clothing And Shoes
New York, NY Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 71.83 $
(66.36 €)
85.03 $
(78.56 €)
     +18.4 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 48.24 $
(44.57 €)
34.60 $
(31.97 €)
     -28.3 %
1 Pair of Nike Running Shoes (Mid-Range) 98.90 $
(91.37 €)
87.43 $
(80.78 €)
     -11.6 %
1 Pair of Men Leather Business Shoes 165.41 $
(152.82 €)
99.88 $
(92.28 €)
     -39.6 %
Rent Per Month
New York, NY Edit Madrid Edit
Apartment (1 bedroom) in City Centre 4,328.21 $
(3,998.79 €)
1,395.42 $
(1,289.22 €)
     -67.8 %
Apartment (1 bedroom) Outside of Centre 2,861.97 $
(2,644.15 €)
1,002.93 $
(926.60 €)
     -65.0 %
Apartment (3 bedrooms) in City Centre 8,565.00 $
(7,913.13 €)
2,423.45 $
(2,239.00 €)
     -71.7 %
Apartment (3 bedrooms) Outside of Centre 4,551.11 $
(4,204.73 €)
1,734.21 $
(1,602.22 €)
     -61.9 %
Buy Apartment Price
New York, NY Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 1,641.14 $
(1,516.23 €)
490.96 $
(453.59 €)
     -70.1 %
Price per Square Feet to Buy Apartment Outside of Centre 1,142.75 $
(1,055.77 €)
278.40 $
(257.21 €)
     -75.6 %
Salaries And Financing
New York, NY Edit Madrid Edit
Average Monthly Net Salary (After Tax) 5,882.70 $
(5,434.97 €)
2,436.41 $
(2,250.98 €)
     -58.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.72 2.86      -57.4 %
Last update: May 2024May 2024
Contributors in the past 12 months:503524