Cost of Living in Madrid
Summary about cost of living in Madrid:
- Four-person family monthly costs: 2,649.87$ (2,433.16€) without rent (using our estimator).
- A single person monthly costs: 749.48$ (688.19€) without rent.
- Cost of living index in Madrid is 41.33% lower than in New York.
- Rent in Madrid is, on average, 67.53% lower than in New York.
- Cost of living rank 226th out of 488 cities in the world.
- Madrid has a cost of living index of 58.67.
| Restaurants | [ Edit ] | Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 12.00 € | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 49.50 € | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 8.00 € | |
| Domestic Beer (1 pint draught) | 3.00 € | |
| Imported Beer (12 oz small bottle) | 3.50 € | |
| Cappuccino (regular) | 1.86 € | |
| Coke/Pepsi (12 oz small bottle) | 1.91 € | |
| Water (12 oz small bottle) | 1.38 € | |
| Markets | [ Edit ] | |
| Milk (regular), (1 gallon) | 3.14 € | |
| Loaf of Fresh White Bread (1 lb) | 0.98 € | |
| Rice (white), (1 lb) | 0.51 € | |
| Eggs (regular) (12) | 1.87 € | |
| Local Cheese (1 lb) | 5.40 € | |
| Chicken Fillets (1 lb) | 2.85 € | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 5.20 € | |
| Apples (1 lb) | 0.84 € | |
| Banana (1 lb) | 0.80 € | |
| Oranges (1 lb) | 0.73 € | |
| Tomato (1 lb) | 0.86 € | |
| Potato (1 lb) | 0.54 € | |
| Onion (1 lb) | 0.63 € | |
| Lettuce (1 head) | 1.04 € | |
| Water (1.5 liter bottle) | 0.75 € | |
| Bottle of Wine (Mid-Range) | 5.00 € | |
| Domestic Beer (0.5 liter bottle) | 1.06 € | |
| Imported Beer (12 oz small bottle) | 1.77 € | |
| Cigarettes 20 Pack (Marlboro) | 5.00 € | |
| Transportation | [ Edit ] | |
| One-way Ticket (Local Transport) | 1.50 € | |
| Monthly Pass (Regular Price) | 54.80 € | |
| Taxi Start (Normal Tariff) | 3.00 € | |
| Taxi 1 mile (Normal Tariff) | 1.77 € | |
| Taxi 1hour Waiting (Normal Tariff) | 25.00 € | |
| Gasoline (1 gallon) | 5.15 € | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 20,000.00 € | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 23,051.92 € | |
| Utilities (Monthly) | [ Edit ] | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 132.44 € | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.18 € | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 42.12 € | |
| Sports And Leisure | [ Edit ] | |
| Fitness Club, Monthly Fee for 1 Adult | 37.62 € | |
| Tennis Court Rent (1 Hour on Weekend) | 12.07 € | |
| Cinema, International Release, 1 Seat | 9.00 € | |
| Childcare | [ Edit ] | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 461.00 € | |
| International Primary School, Yearly for 1 Child | 8,410.00 € | |
| Clothing And Shoes | [ Edit ] | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 74.92 € | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 28.98 € | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 74.49 € | |
| 1 Pair of Men Leather Business Shoes | 91.80 € | |
| Rent Per Month | [ Edit ] | |
| Apartment (1 bedroom) in City Centre | 992.79 € | |
| Apartment (1 bedroom) Outside of Centre | 732.95 € | |
| Apartment (3 bedrooms) in City Centre | 1,734.91 € | |
| Apartment (3 bedrooms) Outside of Centre | 1,196.46 € | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 480.37 € | |
| Price per Square Feet to Buy Apartment Outside of Centre | 291.76 € | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 1,639.67 € | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 2.22 |
Prices in Madrid
These data are based on 3469 entries in the past 12 months from 366 different contributors.
Last update: May 2020
Last update: May 2020
Sources and References
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44 Comments so far
Listen to Dr Knut Wittowski, Dr Rashid Buttar, Dr Judy Mikovits
Wake up and stop living in fear!
Yes, 30 day public transport pass costs 20 €, but only for young people (7-25 years old). For older people (26-64 years old) the pass prices vary from 54,60 € - 141,80 €)
Link to the prices:
https://www.metromadrid.es/en/travel-in-the-metro/fares-and-tickets/tickets#panel2
You are saying gross? So after taxes you will get ~1650€. In Spain companies pay the anual salary in 14 or 12 pays. Depends on the company, sometimes you can choose. It doesn't change the total annually amount you get, just the monthly one. I.e. 25000€/y gross can be (net) ~1650/monthly 12 times or 1400/monthly 12 times + 2 extra 1550€ pays in July and December.
That's just to have in mind your monthly fixes earnings.
These are some tips within the M-30 (freeway surrounding the center). Outside of that M-30 all prizes are chipper but some neighborhoods have difficulties in terms of services, cleaning, robberies and so.
Not too horrible, Madrid center and surroundings are safety and well conserved but there are differences between center and lower rent areas. So I'll be focused on within the M-30.
In Madrid you can rent 50-60m (1 or 2 rooms) apartment with 800€/month + services like heating, cooling, etc.
If you like something bigger 80-100m (2 or 3 rooms) be prepared to pay 1000-1400€. It is a good options if you have a friend and want to share the bills.
You can cover food with 100-150€/month.
Public transports like bus or metro/subway are good options. The adult monthly card with unlimited tickets are about 50-80€ depending on how far you would like to travel.
Having a car is another topic. Taxes, gasoline (1.35€/litre), parking (private ~120€/month, street 30€/year), etc. This is up to you. It is not necessary at all to move in Madrid.
So, let's sum:
800 flat
200 services (Internet, water, cooling, heating, etc)
120 food
60 transportation
grab some beers 40€ (2€/the half pint) restaurants let's say 200 (20-25€ restaurant is normal but you can eat the "menu of the day" or menu del día which is basically a full lunch 2 courses with drink and dessert by 12€.
Then you can live decently paying let's say ~1600 and save the rest for you or any unplanned circumstance.
I've been living in Madrid for 7 years.
Hope this help.
Last note, health care. Don't worry. In Spain all medical assistant is free (it is payed by taxes). So if you have any issue or need to go a medical assessment, emergency or hospital, you are fully covered. Make sure to request the medical card, that's all.
#Danna: you will have to prepare for a long search. Good properties are hard to find and you should budget around €1000. So €3000 without taxes is ~ €2400 - €1000 rent, and you are left with €1400. Which is close to the medium salary in Madrid, so you should be fine. At least of you do not spent too much on clothes etc.
is 800 euro/month realistic for a decent flat in Madrid? Nothing fancy, just AC, two separate rooms and not in a bad neighbourhood?
I have an offer for 3000 eur/month gross. Would that be enough for a living? No kids, I do not smoke, a bottle of whiskey every now and then. No clubbing, just an occasional dinner out.
Is an ok salary, but you wouldn’t save much and have high standards of living as you would have in London, Berlin, Warsaw, Dubai
I am planning on moving to Madrid with A Bachelors Degree in Mechanical Engineering. I wouldn't mind living in a small studio for approximately 700€ withbutilities included (Of course, if my income allows me too!).
I have some questions regarding payments:
Does Madrid have a monthly car insurance payment? If so, on average how much?
Do I need to pay medical and dental insurance a month?
I would like to know what is the average monthly salary(with taxes) for a junior software engineer in Madrid , Spain.
Thanks!
I sincerely have no idea how much is a revenue analyst expected to earn, so I did a quick research in Spanish pages online and got the following info:
-According to Indeed, the average salary for a revenue analyst in Spain is 22.778 euro yearly.
-According to Euroaula, between 25.000 and 40.000 euro yearly (this is a teaching institution, so you can expect them to tell you you'd have a brighter future if you study with them than you'd actually have).
-In Jobtonic, in the past three years there have been offers for between 22.500 and 50.000 euro yearly.
Since the position doesn't seem to be very demanding and you have experience but not too much, I wouldn't ask for much if I wanted to get the job. Perhaps asking for 25.000 and saying that you value the opportunity to grow inside the company would be a good strategy.
By the way, this are the 20 questions that according to the CESAE Business and Tourism School you should be ready to answer:
1. Hábleme de usted
2. ¿Por qué dejó su último trabajo?
3. Cuénteme sus objetivos profesionales a largo plazo como responsable de Revenue Management en este hotel.
4. Le comento que usted sería un recurso a disposición de la empresa y que exigimos una gran dedicación para este puesto. ¿Está de acuerdo?
5. ¿Cuál es su filosofía hacia el trabajo?
6. ¿Por qué quiere trabajar con nosotros?
7. Por favor, dígame sus 3 mayores debilidades en relación al puesto al que aspira. ¿Cómo podría mejorarlas?
8. ¿Qué tipo de salario busca como revenue manager?
9. ¿Qué es lo que le puede llegar a irritar de sus compañeros de trabajo?
10. Además de cuestiones vitales, ¿qué le mueve más, el dinero o su desempeño profesional?
11. ¿Cuáles considera que son las principales tareas de un revenue manager?
12. ¿Qué ha aprendido de sus anteriores experiencias en el área de revenue management?
13. ¿Cree que sus capacidades se adaptan a las tareas que desempeñará en este puesto?
14. ¿Qué es lo más relevante que usted puede aportar a este puesto?
15. En su vida, ¿qué logros han sido los más importantes relacionadas con su actividad como revenue manager?
16. ¿Por qué decidió dedicarse al área de Revenue management?
17. ¿Cuáles cree usted que son las 3 grandes habilidades que debe manejar y desarrollar todo revenue manager?
18. ¿Conoce cómo se aplica la norma ISO 9001 al trabajo de revenue manager?
19. ¿Cuáles considera usted que son los errores más comunes en el trabajo de un revenue manager y cómo cree que podría solventarlos?
20. ¿Tiene usted alguna pregunta?
I am having an interview in Madrid as a revenue analyst. Requirement are 1 year experience and master. I currently have 3 years experience in same position in Brussels.Which salary should i expect? Is 30 k too high or should i ask them even higher?
A good option if you need / want to live in Madrid but don't have a lot of money is moving outside the city itself, and living in one of the nearby towns, which offer a very good quality of live and are much cheaper. They are usually well connected to the city center by road and bus / train / metro (Madrid's public transportation is expensive but quite reliable). I lived my first 23 years in a nearby town (Pinto) because my parents could afford a much better house here than in Madrid itself; my parents need about 20 minutes by car to reach their shop (which is more or less close to Atocha).
Other than that: when Miguel says you can go "to have a beer" with your friends and end up spending around 50 euros, don't be scared: it doesn't mean literally going out and drinking a beer, it means drinking several beers while basically having dinner ración / tapa after ración / tapa. And yet you wouldn't spend 50 euro unless you paid for someone else's (which in Spain is considered polite and is quite common). But you can expect to end up spending about 20 euros without even realizing it.
As per example, I work in an HR department (with 2.5 years exp) and I'm almost there!. But if you work in the IT field with this same exp. you'll be earning almost 2k monthly.
Also, as per rent (as a non-native from Madrid) is EXPENSIVE! like, a lot! hard to find a good place in a normal neighborhood etc. being realistic, my first year in Madrid I had to live in a flat with no rooms (Kitchen-living-bedroom all in one) really far from the city center and industrial neighborhood for 650€ per month (the worst part is that it wasn't a bad deal....) after a year I could afford to move to another location, near the airport and I could find a flat for 900€/month (plus commodities), this one has 2 bedrooms, 2 bathrooms, pool etc, so is a GREAT deal (normally, those features will cost you around 1k-1.2k monthly, I just was lucky).
Anyways we are 2 at home and we have an income (net) of 2.2k monthly, we manage to save around 100€ per month and I can assure you, we don't throw out money.
- rent: 900€
- electricity/water month: 90€
- food for 2: 400€
- internet + phones: 70€
- gasoline: 150€
- car payment: 200€
- extras (clothing, dinner outside etc): 200€
- saves: 100€
- public transport: 78€
Madrid is a pretty expensive city and you shouldn't spend more than a 1/3 of your net income in your flat/room. Any unexpected cost would be critic if you spend more than that (If you want let's say for example to go with your friends/colleagues to have a beer or get out, you could EASILY spend around 50€).
Hope that helps
The average expenditure in food in Spain is 200e/month per person.
The average expenditure in clothes in Madrid is 1200e/year per person (meaning about 100e/month per person).
The average electricity + water expenditure in Madrid is aprox. 70e/month (per house, not per person).
The health system is public and free, I am not sure if you'd have to pay (and how much) if you are not a EU citizen; but I don't think it would be much.
A full-month public transportation card that allows you to use the Metro (underground), buses and trains would be 20e/month if you are younger than 26, 12,30e/month if you are older than 65, and 55e/month if you are in between. If you live outside Madrid city and you are between 26 and 65, consider that ammount could rise up to 100e/month.
And house phone + Internet will be about 30-40e/month, not including mobile phone (about 20-25e/person if you want a good internet connection).
So with about 450-500e/month without rent you should have your basic needs covered.
First of all, the 650 euros per month estimated in this page is the absolute minimum. It should be enough to rent a small room (not a studio, just a room), live without ever (or almost ever) eating outside home, and buying cheap clothes. You could do "fine", but you would live in the verge of poverty.
If your earn around 1000 euros per month, you'd be what in Spain we call a "mileurista" (which literally means "someone who earns around 1000 euros per month"). You should be abble to rent an appartment (either a specially small appartment, or a "normal" shared appartment) and live in a "working-class" style. You wouldn't have a lot of money and would definitely not be abble to have many expenses, but you should do fine if your are a little careful with your budget and if you are lucky finding a cheap and good appartment. On the contrary, if you earn more than 1500 euro / month, you won't have many budget problems.
The average salary in Madrid is aproximately 2000 euros / month (it was 1946 euros / month last year), so the average income for a family should be around 4000 euros / month (the average couple having one or two children on average). Anything close to that ammount would mean you'd live like locals do (which means you'd live pretty well).
EXTRA HINT: If you don't have much money but want to live in Madrid, consider living in the nearby towns, which are very well connected to the capital, both through public transport and roads (in fact many of those towns are called "ciudades dormitorio" ("bedroom-cities") because a lot of people work and spend most time in Madrid and only go to those cities to rest). While 1k may be a little bit tightened for Madrid's center, it should be more than enough to live in cities to the south and east of Madrid, like Fuenlabrada, Getafe, Parla, Móstoles, Pinto, Valdemoro... those are mostly working-class towns where people go to live because they can afford much better houses than they could on the same budget in Madrid's city center.
Oh, and about the comments regarding safety in Madrid: Madrid is a safe city. Spain has one of the lowest crime rates in Europe, far lower than that of France or Germany. You must be careful, of course, Madrid is a big city; but there is no need to be more careful than you'd be in any other big European city like London or Paris. There are no ghettos or bad neighborhoods in Madrid (the closest to that being Lavapiés, which is actually one of the coolest neighborhoods), and the working-class towns around Madrid are actually safer than Madrid itself. You must be specially carefull about pick-pocketers in touristic areas, and never leave something like a bike without a padlock. But that's pretty much everything.
No, you are not right. In fact, if you search the last 2015 report in medical efficiency, Spain ranked 3th in the world just after Singapore and Hong Kong my dear frenchie, do you envy that much Spain and Madrid because your beloved Paris and Frenchie are above?? hehehe deal with the reality my dear.
What? The opinion of dozens of persons in Numbeo? Ok, just look at the oldest comments. It's full of left-wing commenters which had manipulated the numbers in overall Spain, in fact a famous spanish forum with thousands of members has a thread which calls the people to come here to decrease Spain wages and increase all the prices and taxes because the actual government is not of their likings.
My dear frenchie ignorant (probably the country with the most ignorant people in the world) search in google SALARIO MEDIO INE which shows the OFFICIAL AVERAGE WAGES IN SPAIN BY THE OFFICIAL INSTITUTO NACIONAL DE ESTADISTICA, which is the official source for all spanish statistics.
1.881€ exactly is the number of the average wage in Spain, in Madrid the number, as I said before, is 35.000 yearly, but both numbers are gross, as the average net wage in Spain is close to 1.500€ and in Madrid is about 2.300€, just come to Madrid to see that 1 of every 3 cars is a luxury car with Spanish license plate, oh God then the average salary wage according to this page is 1.400€, a person wouldn't afford something more than a Volkswagen Polo or a Renault Clio. For Lord's sake, just see the comments of foreign people which had job offers in Madrid to see that all of them are talking of 40.000-50.000-60.000€ brut wages, little ignorant.
I don't even know why I'm wasting my time with a envy ignorant. The unemployment rate of Madrid is less than 15%, take note that non western immigrants unemployment is above 30% which inflates a lot the unemployment rate, and also there are dozens of thousands of people living on social aids and state rents, when you get unemployed you get the 85% of your last salary in the first 6 months, 75% of your last salary in the period 6-12 months, and if you still are unemployed you get the 60% of your last salary until you get a new job or you apply for a social aid.
Spain is the 6th country in the world with the biggest GDP expenditure on social aids (welfare state) you can check this anywhere in Google, even on Wikipedia, which uses the official WHO data.
Anything that I've said it can be proven on Google just by copying and pasting what I am saying. And not my little envy frenchman, I'm not spaniard as you can see how I write in English I'm a native English speaker.
GTFO away to your shitty country things, and don't use the same nickname here as on other websites as I could prove that you're a french kid with envy on Spain, this is not the first time when you make a comment like this one. Loser!
1.436€ the average net salary? That must be in Vallecas or Orcasitas, working class neighborhoods on the southernmost zone of Madrid, in the city center the average net wage is above 3.500€ per month...
Teresa is just a south american woman envy on Madrid which probably got deported because her visa expired. Madrid is one of the cleanest cities in Europe, way more clean than London or Paris. No one pisses and even less "poop on the streets", lol Teresa must be a schizophrenic person which lives in another reality.
Madrid, as any other European city has people living in the streets obviously, 90% or more of them are foreign people and calmed people, not disturbing anyone because they sleep in the nights in shelters. In fact London is estimated to have x4 times more homeless people than Madrid, Berlin is the capital of homeless with about 5 times more homeless people, Paris has almost the triple, etc seeing an homeless person in Madrid is quite strange, if you come from any other major European city you will note that there are a very few persons in this condition.
Oh, Teresa is also a racist. There aren't any "dangerous" neighborhoods in Madrid, just a couple of districts in the southern limits of the city which are commie blocks of working class people, but that's not dangerous. In the city center 75% of people are tourists, lol latin americans and eastern europeans... whaaaat? you haven't been in Madrid in your entire life, racist.
There isn't any kind of discrimination and Madrid is the biggest gay friendly city in Europe, Chueca is the biggest gay district in overall Europe, in fact Spain was the 1st country in the world to accept gay couples adoption and the 2nd in the world to legalise same sex marriages.
"The beaches in the Mediterranean Sea are the most contaminated in the world" who says this? your envy? The Caribbean Sea, the Indic Ocean, the Dead Sea, etc are way more contaminated than the Mediterranean Sea, at least in Spain 99% of beaches have golden sand beaches and transparent water.
Lol, why a troll like this one can comment here? omg... unbelievable.
To hire an aparment there is very expensive. You have to go in metro far from the city. And pay atention there are many agencies that say they help to look for an aparment in 2 weeks and you have to pay 200 euros. This is a fraud. You have to go to "Ayuntamiento" or police station the tell you what to do.
Food and clothes are cheap.
It is a dirty city ,very very dirty. People does their poop and pisst on the street. There are people sleeping on the main streets with many dogs.
The police and the government does nothing-
Madrid is beautiful for the architecture but then it is shit
To go to live out of the center you have to chose the correct place, in internet you can find the information which districts are more dangerous .
In the center you rarely see a spanish person, they are all from latin america or east europe.
The discrimination and racisms is very very big.
With all persons, for sex, for religion , for color of the skin
The beaches in the mediterranean sea are the most contaminated of the world
To do a document or simple tramit here can take you more than 2 months. No one cares or want to work.
Most of the time rent is 250 euro for a room in a shared flat, bills included, which is nothing, I manage 30-35 euro for food a week, I survive just fine on a grand... I think you'd be flying with 1200
Like what are you looking for a pent house palace and caviar + steak for dinner everyday.
If I didn't go out drinking and spent my money or things like gyms, cinema and other recreational stuff I'd say I could survive happy on about 600-750 a month.
Get real people and stop throwing out these ridiculous numbers that could put off travelers with less income.
am planning to move to madrid in Nov.
gross salary €4k/month.
is this enough for a single lady?
how much do I need to earn per month to have a relatively comfortable life in madrid?:)
#Natalia did you have a look to www.idealista.com? This is the main website In Spain if you want to find an apartment ;)