Cost of Living in Madrid

Summary about cost of living in Madrid:

Restaurants [ Edit ] Range
Meal, Inexpensive Restaurant 9.60 £ 8.73-11.35
Meal for 2 People, Mid-range Restaurant, Three-course 34.92 £ 26.19-48.01
McMeal at McDonalds (or Equivalent Combo Meal) 6.55 £ 5.81-6.98
Domestic Beer (1 pint draught) 2.62 £ 1.75-3.06
Imported Beer (12 oz small bottle) 2.98 £ 2.18-3.49
Cappuccino (regular) 1.55 £ 1.13-2.18
Coke/Pepsi (12 oz small bottle) 1.63 £ 0.87-2.18
Water (12 oz small bottle) 1.21 £ 0.87-1.75
Markets [ Edit ]
Milk (regular), (1 gallon) 2.74 £ 1.98-3.97
Loaf of Fresh White Bread (1 lb) 0.86 £ 0.48-1.58
Rice (white), (1 lb) 0.39 £ 0.31-0.59
Eggs (regular) (12) 1.41 £ 1.05-1.75
Local Cheese (1 lb) 3.95 £ 2.38-5.94
Chicken Breasts (Boneless, Skinless), (1 lb) 2.55 £ 1.78-3.17
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.45 £ 2.77-5.94
Apples (1 lb) 0.70 £ 0.51-0.87
Banana (1 lb) 0.63 £ 0.46-0.79
Oranges (1 lb) 0.58 £ 0.40-0.79
Tomato (1 lb) 0.67 £ 0.40-0.99
Potato (1 lb) 0.41 £ 0.24-0.79
Onion (1 lb) 0.42 £ 0.24-0.79
Lettuce (1 head) 0.86 £ 0.70-1.31
Water (1.5 liter bottle) 0.54 £ 0.26-0.87
Bottle of Wine (Mid-Range) 5.24 £ 3.49-6.98
Domestic Beer (0.5 liter bottle) 0.78 £ 0.52-1.32
Imported Beer (12 oz small bottle) 1.32 £ 0.87-1.75
Cigarettes 20 Pack (Marlboro) 4.36 £ 4.23-4.80
Transportation [ Edit ]
One-way Ticket (Local Transport) 1.31 £ 1.07-1.53
Monthly Pass (Regular Price) 47.66 £ 47.14-48.89
Taxi Start (Normal Tariff) 2.62 £ 2.18-3.49
Taxi 1 mile (Normal Tariff) 1.51 £ 1.48-2.36
Taxi 1hour Waiting (Normal Tariff) 19.21 £ 17.81-26.19
Gasoline (1 gallon) 4.39 £ 3.97-4.63
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 17,459.27 £ 15,713.35-19,213.15
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 18,262.76 £ 14,665.79-21,824.09
Utilities (Monthly) [ Edit ]
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 111.35 £ 61.83-174.59
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.15 £ 0.05-0.26
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 36.35 £ 26.19-52.38
Sports And Leisure [ Edit ]
Fitness Club, Monthly Fee for 1 Adult 31.41 £ 21.82-47.14
Tennis Court Rent (1 Hour on Weekend) 10.02 £ 6.98-15.71
Cinema, International Release, 1 Seat 7.86 £ 6.98-8.73
Childcare [ Edit ]
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 395.38 £ 331.73-523.78
International Primary School, Yearly for 1 Child 6,278.27 £ 3,666.45-10,475.56
Clothing And Shoes [ Edit ]
1 Pair of Jeans (Levis 501 Or Similar) 61.88 £ 34.92-87.30
1 Summer Dress in a Chain Store (Zara, H&M, ...) 23.63 £ 17.46-34.05
1 Pair of Nike Running Shoes (Mid-Range) 63.96 £ 43.65-82.93
1 Pair of Men Leather Business Shoes 77.82 £ 52.38-104.76
Rent Per Month [ Edit ]
Apartment (1 bedroom) in City Centre 790.96 £ 611.07-1,047.56
Apartment (1 bedroom) Outside of Centre 604.42 £ 436.48-776.94
Apartment (3 bedrooms) in City Centre 1,417.81 £ 1,047.56-1,758.19
Apartment (3 bedrooms) Outside of Centre 973.53 £ 759.48-1,309.45
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 435.83 £ 324.40-567.70
Price per Square Feet to Buy Apartment Outside of Centre 230.48 £ 162.20-324.40
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 1,442.63 £
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.16 1.66-2.53

Prices in Madrid

These data are based on 3505 entries in the past 18 months from 415 different contributors.
Last update: October 2019
Sources and References: Info
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44 Comments so far

#Kooki on Oct 15, 2019 :
For an expat, is 2100 euros/month gross salary good enough to live decently in Madrid?
#luis roberto on Jul 23, 2019 :
hello. How much does an english as second language teacher earn as salary in madrid? Private tutorship or otherwise? Thank you.
#Anonymous on Jul 10, 2019 :
Average salary 800€, normal working hours. A salary 1600€-slavery hours(more than 12 hours daily), this its the true.
#Diego on May 31, 2019 :
#Anonymous: yeah right, the medium salary is 1600 euros and people pay €1500 rent as a minimum. Is that why Spaniards live with your parents until death does them apart? Tax rates are 18%-19% for that salary range, they do not start at 28%.
#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.
#Anonymous on May 29, 2019 :
# Danna low end rent for a flat will cost minimum 1,500 Euro per month.3,000 Euro wouldn't be enough gross per month.If that was net you'd be scraping by at 3,000 Euro gross per month isn't a good offer I'd pass on that remember also Spain taxes begin at 28% which would leave you very little money sorry to burst your bubble but honesty is best.
#Danna on May 28, 2019 :
Hi guys,
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.
#Anonymous on Mar 26, 2019 :
Figure $500 eur per day which includes lodging, eating out, transportation, and entertainment depending upon where you are.Thats just the basics.
#Sandii lee on Mar 26, 2019 :
How much roughly would be needed to get by in Madrid for two wks
#rebi on Nov 25, 2018 :
hi! how much is the average salary for receptionist(hotels,hostels..) in madrid? is it lower than barcelona?
#Kepa on Jun 27, 2018 :
I don't know what people are saying about average salaries here, but the average salary in Madrid per person in 2016 (data published by INE on 27 June 2018) is €13,099.
#@Anonymous on Apr 28, 2018 :
Are you an IT specialist or an accountant manager?

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
#Anonymous on Apr 23, 2018 :
I got a job offer of 1400 euros to work in Madrid, so just looking at how expensive it is.
#Toni on Mar 28, 2018 :
The average salary in Madrid is around 2,200 Euros (gross) which works out to be around 1,600 (net) after taxes so the data provided here seems correct.
#Javi on Feb 05, 2018 :
Madrid's salaries 1600 €?? bitch please... almost everyone in Madrid has a salary of 1000 € or less.
#Jessica on Jan 05, 2018 :

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?
#Tb on Nov 27, 2017 :
Can you get by witu 25€/ day? Thanks guys!
#Tb on Nov 27, 2017 :
Can you get by witu 25€/ day? Thanks guys!
#walter on Oct 29, 2017 :
my daughter has study in madrid and earns after two years working in the marketing business in the best district 1000 euro net month
#Adarsh on Oct 15, 2017 :

I would like to know what is the average monthly salary(with taxes) for a junior software engineer in Madrid , Spain.
#noam on Oct 03, 2017 :
Hello. I would like to know if this information about the cost of living in Madrid is relevant for these days (October, 2017). If not, I would like a link to a similar article relevant for these days.
#anonymous on Jul 23, 2017 :
Sorry, but the average salary is not accurate. According to INE and PayScale, personal income in Madrid is about 30k to 35k which means around 2 - 2.2k monthly after taxes, while in Spain average salary is 26k anually.
#Pablo on Jul 22, 2017 :
Hi Anonymous,

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?
#Anonymous on Jul 20, 2017 :
Hi guys,

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?
#Pablo on Jul 18, 2017 :
I must agree with Miguel: Madrid IS expensive. If you choose to live in the city itself you'll probably need to make sacrifices in your living quality, simply because you may not be able to afford it.

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.
#Miguel on Jul 17, 2017 :
The average monthly salary of 1,489 is not realistic, it depends, A LOT of your work's field, expertise, and company.

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
#Odin on Jun 25, 2017 :
Is the average monthly salary of 1,489.02 realistic?
#Sandra Gómez on May 02, 2017 :
Just a note: that 1200e/year in clothes sounds more than excessive, and is far more than I spend (although I don't buy many clothes). Consider 50e/month to be enough.
#Sandra Gómez on May 02, 2017 :
Without rent, it would actually be more than enough just to live.

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.
#Map on Apr 26, 2017 :
Sandra Gomez, just a note... the 650 euro figure relates to monthly expenses without rent. How does that sound?
#Sandra Gómez on Apr 17, 2017 :
Ok, a native from Madrid here. I don't usually post comments, but since the comments written so far don't seem to be realistic and/or useful, I've decided to write my own.

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.
#DrJay DrJay is an ignorant envy frenchman on Oct 18, 2016 :
DrJay gtfo away envy frenchie, Spain has one of the biggest number of school leavers in Europe, but the quality and the equipment of students is among the highest of the world.
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!
#Joe from Madrid on Oct 18, 2016 :
Fake at all. The average net salary in Madrid is above 2.300€, in fact in Madrid the yearly brut salary is 35.000€ according to the official statistics, which brut are 2.916€ per month but after taxes and social security that wage remains between 2.200 and 2.300€.

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.
#teresa on Oct 11, 2016 :
Madrid is not a quite city. All the year you can`t walk in the center of the city.
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.
#Jim on Aug 21, 2016 :
I have to laugh at these people asking things like is 7 grand a month or the one below me 4 grand a month enough.

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.
#Beba on Aug 16, 2016 :
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?:)
#Whity on Jun 19, 2016 :
#Nas you will live ver y confortable In Madrid with that amount! Where are you working to get such a high salary? :o!

#Natalia did you have a look to This is the main website In Spain if you want to find an apartment ;)
#Nas on May 24, 2016 :
is 7600 euro (net) salary per month enough to live very comfortably in madrid? I am planning on studying in IE.
#Natalia on Apr 19, 2016 :
Hello! I want to ask how I can find cheap, good rentals in the Madrid center. I know that the listings online are most probably priced much higher. Is there a loca newspaper or any other way I can find cheaper listings of quality? Thank you!
#João Victor Santos on Apr 14, 2016 :
I'm from brazil and I'll study for one semester at Universidad Politécnica de Madrid, is possible to find some place to live for 300 euros? Because I'll receive a scholarship fo 2500 euros for the 5 months, is this amount enough?
#sergio on Mar 18, 2016 :
sooo..... can a student from california go to live and study at spain?
#flc-o on Jan 22, 2016 :
As a person living in Madrid, everything more or less corresponds to reality except for the Internet (10 Mbps, Unlimited Data, Cable/ADSL). That price may correspond to 3 years ago, but now you can pay almost that, 38.51, for 100Mbps for a cable fiber optic connection including unlimited data and fixed line national calls ... and this is a pretty standard offer¡ Today one of the best ones could be a 300Mbps DSL (not ADSL) for that same price ... and for 5€ more per month you could have TV stream to your home ...
#DrJay DrJay on Nov 22, 2015 :
@Reality - You must be Spanish, because the ignorance displayed & subjective opinions presented as fact are astounding, though one should not let the aforementioned detract from the reality that Madrid HAS got much to offer.

1) HEALTHCARE in Spain may have been ranked in the top 10 by the WHO in 2000 (15 years ago!), but not only has so much changed since then (recession effects) but the WHO ranking was so arbitrary & ridiculous, causing more controversy than any other ranking, that the WHO have since refused to publish another ranking.

2) Secondary education in Spain is considered one of the WORST in Europe & among developed countries, on par with the USA. Just check out the PISA results for Spain.

As far as tertiary education (university), you may complain about the USA, but their universities are considered the best in the world, their system #1 (see Universitas rankings, Financial Times, US News, etc.) whereas Spain's are about #30. American universities are known all over the world, with the highest name/employer recognition of all unis in the world (Harvard, MIT, Princeton, Columbia, etc etc) whereas Madrid has NO universities with global recognition.

3) Considering that the Numbeo results compiled above show a median salary of 1400e after taxes, from over 200 contributors (statistically significant sample), that figure seems far more trustworthy than your "just believe me, most people take home 2000e". And considering Spanish unemployment figures are hovering around 20-25%, with an economy that has shown little improvement in the 7 years since the onset of the global financial crisis, I highly doubt that we should ADD to the median data provided on Numbeo, but perhaps consider these conservative OVERestimates, meaning that 1400e/month is almost certainly closer to reality.
#Reality on Oct 27, 2015 :
I will explain more things about Madrid as I am a native Spaniard.

- Health care : Not needed in any form, public health care is awesome and is rated as one of the 10 best public health cares in the world. If you are immigrant but you work totally legal in Spain you'll automatically paying a very little bit of your salary (about 1%) to the social safety (SS) which protects you from labour accidents, vacancies, health, etc... and the health standards are very high, and also the doctors from Spain are very very professional and very well trained.

In fact, Spain has the 2nd life expectancy in the world after Japan, this can be proven by looking at the last official report by the WHO (OMS). Less than 10% of population has private health care in Spain; and most are directly paid by the company, not by the worker. Because it's not needed to have private health care in a country where the public health care works BRILLIANT.

- Education: The same as the health care. All is public and at high standards. Even you can go to College free because a lot of universities are public and they admess almost everyone which reaches the minimum note. Here doesn't happens as in the US for example where you have to wait a long turn for your reply or you have to pay thousands in public universities. NO! In Spain you only pay the entrance fee which is some hundred euros, and that's all, you have 4 years of free university :) with some of the best teachers from Europe.

- Quality of life: The 1st quality of life by far in Europe. Big and beautiful city, but not as stressant as Paris or Londres, and not as expensive as Wien or Berlin. If you mixture the climate, the price of things, the quality of food, the quality of public services, etc you'll find of course the best quality of life in Europe, and one of the first 5 ones in the world that's for sure.

- Cost of living. As I've said in my last comment, it's very important to select in which zone of the city you want to stay, because in the surroudings it's quite more cheaper, everytime you go more close to the center the prices will be rising. The average NET income is about 2.000€ per month and with that salary you'll be fine as a normal medium class citizen of Madrid. For a family of a married couple (both working) and 2 kids, the normal average as I've said before is about 4-5.000€ gross per month which net are about 3.200-4.000€ and with that salary an average family would live good as medium class citizens in the city.
#Reality on Oct 27, 2015 :
Don't mind of the political comments from some years ago; which are totally fake.

The average income of Madrid is near 2.000€ a month, but it depends on the zone of the city because the Salamanca central zone has a GDP per capita close to 3.000 USD , and a salary higher than 2.000€ per month. There are another neighborhoods like Vallecas where it's a working class neighborhood and the average salary is about 1.400-1.500€, but anyways all the neighborhoods of Madrid are totally safe even if they are working class/immigrants neighborhoods.

A normal family in Madrid (married couple) earns about 4-5.000€ a month (gross, not net; from 4.000 gross net is normally around 3.200-3.400€) and about 3/4 of the population belong to the medium class; take note that a normal appartment inside the city with 3 rooms cost at least 700€ per month and I'm talking about old appartments in the surroundings; but in the city limits which is perfectly communicated with the entire city and outsides with the metro and the bus lines.

Anyways a decent appartment near the centre of Madrid costs 900€ or more per month; if you are alone and you earn at least 1.500€ (that's a quite low salary for Madrid) you can live OK in the surroundings, at any hour you'll have metros or buses (or both) which connect you to the city center or other neighborhoods in some minutes, or you can take your car or buy one in Spain and use it as most of habitants from Madrid do. A small appartment in the surroundings is about 400/450€ per month, and a room in a shared appartment inside Madrid city is about 270-300€, more expensive every time you go more close to the centre.

The food is quite cheap, and there are supermarkets at basically every corner of any street of the city or it's surroundings; take note that only in Spain, there are more than 10 supermarket companies and without counting the foreign ones like Carrefour or Auchan, for example. So buying cheap food wouldn't be a problem if you know a little bit of cooking :)

You can also eat quite cheap at Burger King with the promos from the BK official app available on Play Store or iOS Store, or in the pakistani Kebabs, italian pizzerias, etc... restaurants are quite expensive, but working class pick up food stores are quite affordable.