Cost of Living in Madrid

Summary of cost of living in Madrid, Spain:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 14.00 € 8.50-20.00
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 € 35.00-80.00
McMeal at McDonalds (or Equivalent Combo Meal) 8.95 € 8.00-10.00
Domestic Beer (1 pint draught) 3.00 € 2.10-5.00
Imported Beer (12 oz small bottle) 4.00 € 2.50-5.00
Cappuccino (regular) 2.42 € 1.30-3.10
Coke/Pepsi (12 oz small bottle) 2.48 € 1.80-3.00
Water (12 oz small bottle) 1.57 € 1.00-2.50
Markets
Edit
Milk (regular), (1 gallon) 4.05 € 3.41-4.92
Loaf of Fresh White Bread (1 lb) 1.40 € 0.64-3.27
Rice (white), (1 lb) 0.65 € 0.45-1.13
Eggs (regular) (12) 2.81 € 1.82-4.00
Local Cheese (1 lb) 5.94 € 2.56-11.34
Chicken Fillets (1 lb) 3.40 € 1.63-4.54
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.14 € 3.86-9.07
Apples (1 lb) 1.04 € 0.57-1.36
Banana (1 lb) 0.81 € 0.54-1.36
Oranges (1 lb) 0.76 € 0.34-1.36
Tomato (1 lb) 1.07 € 0.57-1.36
Potato (1 lb) 0.61 € 0.27-1.04
Onion (1 lb) 0.67 € 0.31-0.91
Lettuce (1 head) 1.20 € 0.79-2.00
Water (1.5 liter bottle) 0.86 € 0.30-2.00
Bottle of Wine (Mid-Range) 6.00 € 3.49-9.00
Domestic Beer (0.5 liter bottle) 1.15 € 0.60-2.00
Imported Beer (12 oz small bottle) 1.74 € 0.80-3.50
Cigarettes 20 Pack (Marlboro) 5.38 € 5.00-7.00
Transportation
Edit
One-way Ticket (Local Transport) 1.50 € 1.50-2.00
Monthly Pass (Regular Price) 40.00 € 26.00-60.00
Taxi Start (Normal Tariff) 3.00 € 2.50-4.50
Taxi 1 mile (Normal Tariff) 1.93 € 1.61-2.74
Taxi 1hour Waiting (Normal Tariff) 22.00 € 20.00-25.00
Gasoline (1 gallon) 6.17 € 5.68-7.19
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 32,000.00 € 26,000.00-33,740.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,998.68 € 23,100.00-30,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 134.78 € 98.00-200.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data 16.26 € 9.00-30.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 28.98 € 25.00-50.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 42.69 € 20.00-69.00
Tennis Court Rent (1 Hour on Weekend) 10.43 € 6.20-15.00
Cinema, International Release, 1 Seat 10.00 € 8.00-13.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 489.60 € 380.00-600.00
International Primary School, Yearly for 1 Child 8,295.24 € 5,100.00-14,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 68.40 € 25.00-120.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 28.66 € 15.00-49.00
1 Pair of Nike Running Shoes (Mid-Range) 76.60 € 52.50-120.00
1 Pair of Men Leather Business Shoes 83.77 € 55.00-140.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,205.56 € 900.00-1,600.00
Apartment (1 bedroom) Outside of Centre 880.00 € 650.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,140.22 € 1,600.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,421.39 € 900.00-2,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 397.49 € 306.58-557.41
Price per Square Feet to Buy Apartment Outside of Centre 237.16 € 185.80-371.61
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 2,216.24 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.62 1.21-4.00

Prices in Madrid

This city had 4041 entries in the past 12 months by 571 different contributors.
Last update: February 2024
Sources and References
Distribution of Expenses Using Our Statistical Model:
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20 Comments so far
Samuel on Feb 18, 2024:
@Steve is confused with Barcelona, Madrid is actually very safe.
Steve on Feb 17, 2024:
Beware of thieves! Madrid is full of thieves and they will try to steal your stuff by picking your pockets. Very dangerous city and I would not recommend to visit it.
William on Aug 07, 2023:
I make 3180 a month, rent for 1 bedroom city center 900, utilities around 100.

It's a very good place to live and work, the people here are very friendly.
Anonymous on Jun 24, 2023:
Average salary of 2600 net euros/month? Kidding right? 2000 net at best
Ricardo on Jun 03, 2023:
Price ceiling was reached in april, last month prices start dropping.
Eduardo on May 17, 2023:
Housing prices and rent have been increasing much quicker than salaries for years. Since last two years it is becoming unsustainable and I already know many people leaving to cheaper cities even provinces.
Carlos on Apr 01, 2023:
Prices coming down, economy is booming in Spain, especially tourism.

Very nice city, lots to do here.
Clara caso on Nov 04, 2022:
I lived in Madrid for 8 years during the 1950’s. I still consider those years the best of my life. I wish I can return to live again in Madrid my ideal city. Continue giving us updates. Love you clara
ALEXANDER MORENO GOMEZ on Jan 19, 2022:
We need to review all current prices because the inflation in Spain is about 6% now, it is affecting food, services, housing and fuel.

Salaries were impacted by the pandemic in general, government is adjusting freelance taxes.
Anonymous on Dec 15, 2021:
"894.83 € for one bedroom apartment in the center"...HA HA HA. Very funny. It's at least 1200€.
Anonymous on Dec 13, 2021:
Real rental prices (for a decent apartment where a human being can live) are much higher! This data are old of 20 years.
Anonymous on Mar 01, 2021:
Spain should've never changed from the peseta to the euro. The euro doesn't have a good track record plus having the euro doesn't allow for Spain to enhance their former currency to market standards.Even if the economy isn't doing well Spain is locked into dues being paid for using the euro. Spain, Italy, Portugal and other countries are feeling the pinch of the failing euro a no win situation.
Anonymous on Feb 25, 2021:
Covid19 is overwhelming in Madrid but now medical personnel within the government are just now notifying the public 167 cases of EBOLA have been confirmed after knowing about it 3 months priory in Madrid and many more in other parts of Spain.To those planning a visit to Spain any time soon cancel your arrangements go elsewhere.
Anonymous on Dec 23, 2020:
Spain is just a warmed over version of Venezuela.
Resident on Nov 18, 2020:
These prices must be from last century!
Why only have international primary school and not "secondary"? That would be around 25k€ a year. The primry is way off!
Crator on Oct 15, 2020:
@Anon on Oct 13, 2020: Can't you see the prices above? You'll starve with that kind of money.
Anon on Oct 13, 2020:
Hi! I got offered a job in madrid with a salary of €1000 a month. Would that be enough to survive in madrid? Thank you!
Pablo on Sep 10, 2020:
Cost of living in Madrid is very flexible. Its not about your salary but on how you spend it. The most expensive commodity in Madrid is that thing called "convenience". If you prefer to be convenient by just going to restaurants instead of cooking your own food, then it would cost you much. If your prefer to take taxi rather than taking buses (monthly pass, its cheap), then, my friend, again, it will cost you much. If you prefer to shop at usual brand stores in the city streets/malls rather than going to factory outlets just outside the city, then it would cost you. In summary, before moving to Madrid or in any city, decide first what kind of living standard you would like to have. Hope this helps.
Franklin.Verne on Jun 07, 2020:
Most people want to transform the world, but few people want to transform themselves
....... on Mar 03, 2020:
How much does it cost to get 1 week pass metro?