Cost of living in Madrid, Spain

Summary of cost of living in Madrid

  • Family of four estimated monthly costs: €3,874
  • Single person estimated monthly costs: €2,164
  • Madrid is the 2nd most expensive city in Spain (2 out of 14)
  • Cost of living in Madrid is cheaper than in 52% of cities in Western Europe (35 out of 67)
  • Cost of living in Madrid is more expensive than in 54% of cities in the World (89 out of 192)
What salary will you need in Madrid?
Find out with your own Salary Calculation.

List of prices in Madrid
Current as of Mar 2024.

Change the currency:
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) €9
500 gr (1 lb.) of boneless chicken breast €3.91
1 liter (1 qt.) of whole fat milk €1.05
12 eggs, large €3.17
1 kg (2 lb.) of tomatoes €2.36
500 gr (16 oz.) of local cheese €7
1 kg (2 lb.) of apples €2.27
1 kg (2 lb.) of potatoes €1.39
0.5 l (16 oz) domestic beer in the supermarket €1.15
1 bottle of red table wine, good quality €7
2 liters of coca-cola €2.09
Bread for 2 people for 1 day €1.19
Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area €1,866
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area €1,247
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat €121
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area €1,175
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area €830
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio €81
Internet 8 mbps (1 month) €27
40” flat screen tv €339
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) €90
Laundry detergent (3 l. ~ 100 oz.) €9
Hourly rate for cleaning help €12
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) €30
1 pair of sport shoes (nike, adidas, or equivalent brands) €81
1 pair of men’s leather business shoes €85
Transportation Update prices
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new €28,404
1 liter (1/4 gallon) of gas €1.65
Monthly ticket public transport €38
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) €9
1 box of antibiotics (12 doses) €10
Short visit to private doctor (15 minutes) €66
1 box of 32 tampons (tampax, ob, ...) €3.88
Deodorant, roll-on (50ml ~ 1.5 oz.) €2.68
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) €3.10
4 rolls of toilet paper €1.94
Tube of toothpaste €2.12
Standard men's haircut in expat area of the city €22
Entertainment Update prices
Basic dinner out for two in neighborhood pub €43
2 tickets to the movies €19
2 tickets to the theater (best available seats) €61
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert €60
1 cocktail drink in downtown club €14
Cappuccino in expat area of the city €2.54
1 beer in neighbourhood pub (500ml or 1pt.) €3.99
Ipad wi-fi 128gb €602
1 min. of prepaid mobile tariff (no discounts or plans) €0.22
1 month of gym membership in business district €50
1 package of marlboro cigarettes €5.39
These prices are based on abundant and consistent data. They are very reliable. They are based on 1,764 prices entered by 217 different people.
Latest price update: March 05, 2024

Moving to Madrid with your children?

International Schools in Madrid

Madrid position in our World Ranking

the world
89th
out of 192
western europe
35th
out of 67
spain
2nd
out of 14

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

spain
1st
spain
1st
spain
1st
spain
1st
spain
1st
spain
1st

Do you live in Madrid? We need your help!

What is the price of

Furnished accommodation in EXPENSIVE area

in Madrid?

Are you moving to Madrid? Do you know how much money you will need there to maintain your current standard of living?

Find out what is the real equivalent in Madrid of your current salary and improve your chances of a happy relocation.

Get a Salary Calculation for Madrid

International Cost of Living Index

loading...

Prices recently added

  • Basic lunchtime menu (including a drink) in the business district in Jakarta costs Rp 65,000 (18 minutes ago)
  • 1 kg of boneless chicken breast in Lafayette, Louisiana costs $15 (26 minutes ago)
  • Basic lunchtime menu (including a drink) in the business district in Tilburg costs €30 (35 minutes ago)
  • Basic lunchtime menu (including a drink) in the business district in Luanda costs 15,500 Kz (about 1 hour ago)
  • 500 g of local cheese in Guayaquil costs $2.25 (about 1 hour ago)
  • Basic lunchtime menu (including a drink) in the business district in Perth costs AU$18 (about 1 hour ago)

Make a different comparison:

Compare cost of living between cities:
vs