Cost of living in Madrid (Spain) is 8% cheaper than in Gold Coast (Australia)
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This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 1,490 prices entered by 191 different people.
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Currency:
| Food | - 11% | |||
|---|---|---|---|---|
| Food in Madrid (Spain) is 11% cheaper than in Gold Coast (Australia) | ||||
| Update prices | Update prices | |||
| Madrid | Gold Coast | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | €17 (AU$30) | AU$26 | + 17% | |
| Combo meal in fast food restaurant (big mac meal or similar) | €10 (AU$18) | AU$14 | + 28% | |
| 500 gr (1 lb.) of boneless chicken breast | €3.79 (AU$7) | AU$5.70 | + 15% | |
| 1 liter (1 qt.) of whole fat milk | €1.05 (AU$1.81) | AU$1.84 | - 1% | |
| 12 eggs, large | €3.16 (AU$5.48) | AU$6 | - 15% | |
| 1 kg (2 lb.) of tomatoes | €2.16 (AU$3.74) | AU$7 | - 49% | |
| 500 gr (16 oz.) of local cheese | €7 (AU$13) | AU$9 | + 38% | |
| 1 kg (2 lb.) of apples | €2.25 (AU$3.91) | AU$4.16 | - 6% | |
| 1 kg (2 lb.) of potatoes | €1.69 (AU$2.94) | AU$3.58 | - 18% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €1.13 (AU$1.96) | AU$7 | - 73% | |
| 1 bottle of red table wine, good quality | €8 (AU$13) | AU$24 | - 44% | |
| 2 liters of coca-cola | €1.97 (AU$3.41) | AU$3.09 | + 10% | |
| Bread for 2 people for 1 day | €0.86 (AU$1.48) | AU$1.66 | - 11% | |
| Housing | - 13% | |||
| Housing in Madrid (Spain) is 13% cheaper than in Gold Coast (Australia) | ||||
| Update prices | Update prices | |||
| Madrid | Gold Coast | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | €1,867 (AU$3,238) | AU$3,417 | - 5% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | €1,295 (AU$2,246) | AU$2,298 | - 2% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €118 (AU$205) | AU$225 | - 9% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | €1,270 (AU$2,201) | AU$2,446 | - 10% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | €882 (AU$1,530) | AU$2,021 | - 24% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | €78 (AU$136) | AU$127 | + 6% | |
| Internet 8 mbps (1 month) | €27 (AU$47) | AU$61 | - 24% | |
| 40” flat screen tv | €314 (AU$544) | AU$546 | - 0% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | €101 (AU$175) | AU$186 | - 6% | |
| Laundry detergent (3 l. ~ 100 oz.) | €10 (AU$17) | AU$11 | + 56% | |
| Hourly rate for cleaning help | €12 (AU$21) | AU$38 | - 44% | |
| Clothes | + 10% | |||
| Clothes in Madrid (Spain) is 10% more expensive than in Gold Coast (Australia) | ||||
| Update prices | Update prices | |||
| Madrid | Gold Coast | Diff | ||
| 1 pair of jeans (levis 501 or similar) | €77 (AU$134) | AU$96 | + 40% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | €29 (AU$50) | AU$58 | - 13% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | €82 (AU$142) | AU$133 | + 7% | |
| 1 pair of men’s leather business shoes | €90 (AU$157) | AU$147 | + 7% | |
| Transportation | - 5% | |||
| Transportation in Madrid (Spain) is 5% cheaper than in Gold Coast (Australia) | ||||
| Update prices | Update prices | |||
| Madrid | Gold Coast | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | €29,578 (AU$51,287) | AU$35,750 | + 43% | |
| 1 liter (1/4 gallon) of gas | €1.65 (AU$2.86) | AU$1.94 | + 48% | |
| Monthly ticket public transport | €31 (AU$55) | AU$82 | - 33% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | €20 (AU$34) | AU$31 | + 10% | |
| Personal Care | + 13% | |||
| Personal Care in Madrid (Spain) is 13% more expensive than in Gold Coast (Australia) | ||||
| Update prices | Update prices | |||
| Madrid | Gold Coast | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | €9 (AU$16) | AU$6 | + 155% | |
| 1 box of antibiotics (12 doses) | €8 (AU$14) | AU$13 | + 5% | |
| Short visit to private doctor (15 minutes) | €57 (AU$99) | AU$81 | + 22% | |
| 1 box of 32 tampons (tampax, ob, ...) | €3.94 (AU$7) | AU$8 | - 16% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | €3.44 (AU$5.96) | AU$7 | - 14% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | €3.72 (AU$6) | AU$7 | - 11% | |
| 4 rolls of toilet paper | €2.29 (AU$3.97) | AU$3.62 | + 10% | |
| Tube of toothpaste | €2.78 (AU$4.81) | AU$3.06 | + 57% | |
| Standard men's haircut in expat area of the city | €18 (AU$30) | AU$30 | + 1% | |
| Entertainment | - 10% | |||
| Entertainment in Madrid (Spain) is 10% cheaper than in Gold Coast (Australia) | ||||
| Update prices | Update prices | |||
| Madrid | Gold Coast | Diff | ||
| Basic dinner out for two in neighborhood pub | €44 (AU$76) | AU$65 | + 16% | |
| 2 tickets to the movies | €19 (AU$33) | AU$33 | - 0% | |
| 2 tickets to the theater (best available seats) | €51 (AU$89) | AU$122 | - 27% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | €55 (AU$95) | AU$112 | - 15% | |
| 1 cocktail drink in downtown club | €14 (AU$23) | AU$19 | + 24% | |
| Cappuccino in expat area of the city | €3.66 (AU$6) | AU$5.21 | + 22% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €5.41 (AU$9) | AU$9 | + 4% | |
| Ipad wi-fi 128gb | €528 (AU$916) | AU$626 | + 46% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €0.21 (AU$0.37) | AU$0.49 | - 25% | |
| 1 month of gym membership in business district | €61 (AU$106) | AU$88 | + 20% | |
| 1 package of marlboro cigarettes | €5.64 (AU$10) | AU$37 | - 74% | |
 |
TOTAL | - 8% | ||
This comparison is lacking data. It provides a decent comparison, but it is not yet reliable. It is based on 1,490 prices entered by 191 different people.
These prices were last updated on March 23, 2025.
Exchange rate:
1.734
AUD
/
EUR
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For example, to keep the same standard of living that would require AU$9,700 in Gold Coast you would need to make just about AU$8,880 (€5,121) in Madrid.
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