Cost of Living in Madrid
Summary of cost of living in Madrid, Spain:
- A family of four estimated monthly costs are 2,583.8$ (2,406.7€) without rent (using our estimator).
- A single person estimated monthly costs are 738.0$ (687.4€) without rent.
- Madrid is 48.4% less expensive than New York (without rent, see our cost of living index).
- Rent in Madrid is, on average, 71.9% lower than in New York.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 12.88 $ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 51.00 $ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 8.59 $ | |
| Domestic Beer (1 pint draught) | 3.11 $ | |
| Imported Beer (12 oz small bottle) | 3.22 $ | |
| Cappuccino (regular) | 2.11 $ | |
| Coke/Pepsi (12 oz small bottle) | 2.51 $ | |
| Water (12 oz small bottle) | 1.64 $ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 4.00 $ | |
| Loaf of Fresh White Bread (1 lb) | 1.08 $ | |
| Rice (white), (1 lb) | 0.64 $ | |
| Eggs (regular) (12) | 2.62 $ | |
| Local Cheese (1 lb) | 5.12 $ | |
| Chicken Fillets (1 lb) | 3.55 $ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 5.79 $ | |
| Apples (1 lb) | 1.05 $ | |
| Banana (1 lb) | 0.86 $ | |
| Oranges (1 lb) | 0.77 $ | |
| Tomato (1 lb) | 0.97 $ | |
| Potato (1 lb) | 0.62 $ | |
| Onion (1 lb) | 0.67 $ | |
| Lettuce (1 head) | 1.12 $ | |
| Water (1.5 liter bottle) | 0.75 $ | |
| Bottle of Wine (Mid-Range) | 5.37 $ | |
| Domestic Beer (0.5 liter bottle) | 1.11 $ | |
| Imported Beer (12 oz small bottle) | 1.59 $ | |
| Cigarettes 20 Pack (Marlboro) | 5.48 $ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 1.61 $ | |
| Monthly Pass (Regular Price) | 55.83 $ | |
| Taxi Start (Normal Tariff) | 3.76 $ | |
| Taxi 1 mile (Normal Tariff) | 1.81 $ | |
| Taxi 1hour Waiting (Normal Tariff) | 23.62 $ | |
| Gasoline (1 gallon) | 6.74 $ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 27,913.86 $ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 26,280.54 $ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 149.21 $ | |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.05 $ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 31.63 $ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 38.18 $ | |
| Tennis Court Rent (1 Hour on Weekend) | 11.42 $ | |
| Cinema, International Release, 1 Seat | 9.66 $ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 512.27 $ | |
| International Primary School, Yearly for 1 Child | 8,934.82 $ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 58.01 $ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 27.05 $ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 71.64 $ | |
| 1 Pair of Men Leather Business Shoes | 77.60 $ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 1,075.53 $ | |
| Apartment (1 bedroom) Outside of Centre | 812.91 $ | |
| Apartment (3 bedrooms) in City Centre | 1,806.83 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,313.35 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 429.85 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 274.34 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 2,548.75 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 1.68 |
Prices in Madrid
This city had 3656 entries in the past 12 months by 469 different contributors.
Last update: May 2023
Last update: May 2023
Sources and References
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Distribution of Expenses Using Our Statistical Model:
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Nearby cities:| Cost of Living in Pozuelo de Alarcon | 8.64 miles |
| Cost of Living in Getafe | 9.04 miles |
| Cost of Living in Coslada | 9.17 miles |
| Cost of Living in La Moraleja | 11.07 miles |
| Cost of Living in Rivas-Vaciamadrid | 12.79 miles |
| Cost of Living in Fuenlabrada | 15.28 miles |
| Cost of Living in Mostoles | 15.34 miles |
| Cost of Living in Alcala de Henares | 20.54 miles |
| Cost of Living in Soto del Real | 26.90 miles |
| Cost of Living in Aranjuez | 30.41 miles |
This page in other languages:
 DeutschLebenshaltungskosten in Madrid
|
 PortuguêsCusto de Vida em Madrid
|
 ItalianoCosto della Vita a Madrid
|
 FrançaisCoût de la Vie à Madrid
|
 EspañolCosto de Vida en Madrid
|
Very nice city, lots to do here.
Salaries were impacted by the pandemic in general, government is adjusting freelance taxes.
Why only have international primary school and not "secondary"? That would be around 25k€ a year. The primry is way off!
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.