Cost of Living Comparison Between New York, NY and Madrid 

Indices DifferenceInfo
Consumer Prices in Madrid are 48.9% lower than in New York, NY (without rent)
Consumer Prices Including Rent in Madrid are 58.3% lower than in New York, NY
Rent Prices in Madrid are 68.7% lower than in New York, NY
Restaurant Prices in Madrid are 48.7% lower than in New York, NY
Groceries Prices in Madrid are 51.6% lower than in New York, NY
Local Purchasing Power in Madrid is 3.1% 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 $
(28.15 €)
14.92 $
(14.00 €)
     -50.3 %
Meal for 2 People, Mid-range Restaurant, Three-course 130.00 $
(121.97 €)
63.95 $
(60.00 €)
     -50.8 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(11.26 €)
9.59 $
(9.00 €)
     -20.1 %
Domestic Beer (1 pint draught) 8.00 $
(7.51 €)
3.73 $
(3.50 €)
     -53.4 %
Imported Beer (12 oz small bottle) 10.00 $
(9.38 €)
3.94 $
(3.70 €)
     -60.6 %
Cappuccino (regular) 5.60 $
(5.25 €)
2.53 $
(2.37 €)
     -54.8 %
Coke/Pepsi (12 oz small bottle) 3.03 $
(2.84 €)
2.59 $
(2.43 €)
     -14.5 %
Water (12 oz small bottle) 2.29 $
(2.15 €)
1.67 $
(1.57 €)
     -26.9 %
Markets
New York, NY Edit Madrid Edit
Milk (regular), (1 gallon) 5.91 $
(5.54 €)
4.34 $
(4.07 €)
     -26.5 %
Loaf of Fresh White Bread (1 lb) 4.30 $
(4.04 €)
1.45 $
(1.36 €)
     -66.3 %
Rice (white), (1 lb) 3.25 $
(3.05 €)
0.69 $
(0.65 €)
     -78.8 %
Eggs (regular) (12) 5.46 $
(5.12 €)
2.95 $
(2.77 €)
     -46.0 %
Local Cheese (1 lb) 7.65 $
(7.18 €)
6.52 $
(6.11 €)
     -14.9 %
Chicken Fillets (1 lb) 7.18 $
(6.74 €)
3.61 $
(3.39 €)
     -49.7 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.04 $
(8.48 €)
6.63 $
(6.22 €)
     -26.7 %
Apples (1 lb) 3.14 $
(2.95 €)
1.09 $
(1.02 €)
     -65.5 %
Banana (1 lb) 0.93 $
(0.87 €)
0.86 $
(0.80 €)
     -7.4 %
Oranges (1 lb) 2.70 $
(2.54 €)
0.86 $
(0.81 €)
     -68.1 %
Tomato (1 lb) 2.82 $
(2.64 €)
1.11 $
(1.05 €)
     -60.4 %
Potato (1 lb) 1.93 $
(1.81 €)
0.67 $
(0.63 €)
     -65.3 %
Onion (1 lb) 1.71 $
(1.61 €)
0.72 $
(0.67 €)
     -58.1 %
Lettuce (1 head) 2.88 $
(2.70 €)
1.30 $
(1.22 €)
     -54.9 %
Water (1.5 liter bottle) 2.43 $
(2.28 €)
0.95 $
(0.89 €)
     -61.0 %
Bottle of Wine (Mid-Range) 20.00 $
(18.77 €)
6.39 $
(6.00 €)
     -68.0 %
Domestic Beer (0.5 liter bottle) 2.53 $
(2.37 €)
1.21 $
(1.14 €)
     -51.9 %
Imported Beer (12 oz small bottle) 3.83 $
(3.59 €)
1.89 $
(1.77 €)
     -50.6 %
Cigarettes 20 Pack (Marlboro) 17.00 $
(15.95 €)
5.92 $
(5.55 €)
     -65.2 %
Transportation
New York, NY Edit Madrid Edit
One-way Ticket (Local Transport) 2.90 $
(2.72 €)
1.60 $
(1.50 €)
     -44.9 %
Monthly Pass (Regular Price) 132.00 $
(123.85 €)
42.63 $
(40.00 €)
     -67.7 %
Taxi Start (Normal Tariff) 5.00 $
(4.69 €)
3.20 $
(3.00 €)
     -36.1 %
Taxi 1 mile (Normal Tariff) 3.50 $
(3.28 €)
2.06 $
(1.93 €)
     -41.2 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(28.15 €)
23.45 $
(22.00 €)
     -21.8 %
Gasoline (1 gallon) 3.90 $
(3.66 €)
6.61 $
(6.20 €)
     +69.5 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,000.00 $
(26,271.00 €)
35,366.37 $
(33,182.50 €)
     +26.3 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,053.26 $
(25,382.72 €)
28,822.87 $
(27,043.06 €)
     +6.5 %
Utilities (Monthly)
New York, NY Edit Madrid Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 174.07 $
(163.32 €)
144.62 $
(135.69 €)
     -16.9 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 62.96 $
(59.07 €)
15.39 $
(14.44 €)
     -75.6 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 70.21 $
(65.87 €)
31.47 $
(29.53 €)
     -55.2 %
Sports And Leisure
New York, NY Edit Madrid Edit
Fitness Club, Monthly Fee for 1 Adult 132.14 $
(123.98 €)
46.98 $
(44.08 €)
     -64.4 %
Tennis Court Rent (1 Hour on Weekend) 74.17 $
(69.59 €)
10.73 $
(10.06 €)
     -85.5 %
Cinema, International Release, 1 Seat 20.00 $
(18.77 €)
10.66 $
(10.00 €)
     -46.7 %
Childcare
New York, NY Edit Madrid Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,065.64 $
(2,876.34 €)
520.76 $
(488.60 €)
     -83.0 %
International Primary School, Yearly for 1 Child 63,250.00 $
(59,344.31 €)
9,714.89 $
(9,115.00 €)
     -84.6 %
Clothing And Shoes
New York, NY Edit Madrid Edit
1 Pair of Jeans (Levis 501 Or Similar) 68.82 $
(64.57 €)
73.58 $
(69.04 €)
     +6.9 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 45.42 $
(42.62 €)
30.48 $
(28.60 €)
     -32.9 %
1 Pair of Nike Running Shoes (Mid-Range) 97.00 $
(91.01 €)
81.27 $
(76.25 €)
     -16.2 %
1 Pair of Men Leather Business Shoes 165.86 $
(155.62 €)
89.74 $
(84.20 €)
     -45.9 %
Rent Per Month
New York, NY Edit Madrid Edit
Apartment (1 bedroom) in City Centre 4,189.81 $
(3,931.09 €)
1,302.96 $
(1,222.50 €)
     -68.9 %
Apartment (1 bedroom) Outside of Centre 2,871.75 $
(2,694.42 €)
948.23 $
(889.68 €)
     -67.0 %
Apartment (3 bedrooms) in City Centre 8,250.20 $
(7,740.75 €)
2,288.30 $
(2,147.00 €)
     -72.3 %
Apartment (3 bedrooms) Outside of Centre 4,397.69 $
(4,126.13 €)
1,625.37 $
(1,525.00 €)
     -63.0 %
Buy Apartment Price
New York, NY Edit Madrid Edit
Price per Square Feet to Buy Apartment in City Centre 1,644.57 $
(1,543.02 €)
443.70 $
(416.30 €)
     -73.0 %
Price per Square Feet to Buy Apartment Outside of Centre 1,091.71 $
(1,024.30 €)
255.50 $
(239.72 €)
     -76.6 %
Salaries And Financing
New York, NY Edit Madrid Edit
Average Monthly Net Salary (After Tax) 6,091.48 $
(5,715.33 €)
2,461.85 $
(2,309.83 €)
     -59.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.65 2.60      -60.9 %
Last update: April 2024April 2024
Contributors in the past 12 months:494563