Cost of living in Madrid, Spain

Summary of cost of living in Madrid

  • Family of four estimated monthly costs: €3,251
  • Single person estimated monthly costs: €1,720
  • Madrid is the 2nd most expensive city in Spain (2 out of 9)
  • Cost of living in Madrid is cheaper than in 77% of cities in Western Europe (33 out of 43)
  • Cost of living in Madrid is cheaper than in 52% of cities in the World (82 out of 157)
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List of prices in Madrid
Current as of Jan 2022.

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Food Update prices
Basic lunchtime menu (including a drink) in the business district €16
Combo meal in fast food restaurant (big mac meal or similar) €8
500 gr (1 lb.) of boneless chicken breast €3.13
1 liter (1 qt.) of whole fat milk €0.76
12 eggs, large €2.23
1 kg (2 lb.) of tomatoes €1.65
500 gr (16 oz.) of local cheese €5.76
1 kg (2 lb.) of apples €1.88
1 kg (2 lb.) of potatoes €1.16
0.5 l (16 oz) domestic beer in the supermarket €0.88
1 bottle of red table wine, good quality €7
2 liters of coca-cola €1.73
Bread for 2 people for 1 day €0.68
Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area €1,415
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area €951
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat €118
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area €947
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area €658
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio €86
Internet 8 mbps (1 month) €31
40” flat screen tv €356
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) €88
Laundry detergent (3 l. ~ 100 oz.) €9
Hourly rate for cleaning help €10
Clothes Update prices
1 pair of jeans (levis 501 or similar) €71
1 summer dress in a high street store (zara, h&m or similar retailers) €26
1 pair of sport shoes (nike, adidas, or equivalent brands) €78
1 pair of men’s leather business shoes €102
Transportation Update prices
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new €23,463
1 liter (1/4 gallon) of gas €1.39
Monthly ticket public transport €53
Taxi trip on a business day, basic tariff, 8 km. (5 miles) €14
Personal Care Update prices
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) €5.75
1 box of antibiotics (12 doses) €6
Short visit to private doctor (15 minutes) €46
1 box of 32 tampons (tampax, ob, ...) €3.63
Deodorant, roll-on (50ml ~ 1.5 oz.) €2.14
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) €2.70
4 rolls of toilet paper €1.46
Tube of toothpaste €2.00
Standard men's haircut in expat area of the city €15
Entertainment Update prices
Basic dinner out for two in neighborhood pub €31
2 tickets to the movies €17
2 tickets to the theater (best available seats) €49
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert €50
1 cocktail drink in downtown club €11
Cappuccino in expat area of the city €3.34
1 beer in neighbourhood pub (500ml or 1pt.) €4.09
Ipad wi-fi 128gb €481
1 min. of prepaid mobile tariff (no discounts or plans) €0.20
1 month of gym membership in business district €45
1 package of marlboro cigarettes €4.89
These prices are based on abundant and consistent data. They are very reliable. They are based on 1,580 prices entered by 309 different people.
Latest price update: January 20, 2022

Moving to Madrid with your children?

International Schools in Madrid

Madrid position in our World Ranking

the world
82nd
out of 157
western europe
33rd
out of 43
spain
2nd
out of 9

Cheapest and most expensive products in Madrid compared to other cities:

western europe
1st
western europe
3rd

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International Cost of Living Index

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