Cost of living in Madrid, Spain

Summary of cost of living in Madrid

  • Family of four estimated monthly costs: €3,606
  • Single person estimated monthly costs: €1,855
  • Madrid is the 2nd most expensive city in Spain (2 out of 16)
  • Cost of living in Madrid is cheaper than in 49% of cities in Western Europe (38 out of 77)
  • Cost of living in Madrid is more expensive than in 56% of cities in the World (94 out of 210)
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List of prices in Madrid
Current as of Jan 2023.

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Food Update prices
Basic lunchtime menu (including a drink) in the business district €18
Combo meal in fast food restaurant (big mac meal or similar) €9
500 gr (1 lb.) of boneless chicken breast €4.09
1 liter (1 qt.) of whole fat milk €1.00
12 eggs, large €2.75
1 kg (2 lb.) of tomatoes €1.90
500 gr (16 oz.) of local cheese €7
1 kg (2 lb.) of apples €1.80
1 kg (2 lb.) of potatoes €1.07
0.5 l (16 oz) domestic beer in the supermarket €1.07
1 bottle of red table wine, good quality €7
2 liters of coca-cola €1.96
Bread for 2 people for 1 day €0.81
Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area €1,487
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area €1,004
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat €133
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area €1,009
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area €709
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio €95
Internet 8 mbps (1 month) €31
40” flat screen tv €352
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) €103
Laundry detergent (3 l. ~ 100 oz.) €7
Hourly rate for cleaning help €12
Clothes Update prices
1 pair of jeans (levis 501 or similar) €74
1 summer dress in a high street store (zara, h&m or similar retailers) €31
1 pair of sport shoes (nike, adidas, or equivalent brands) €79
1 pair of men’s leather business shoes €94
Transportation Update prices
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new €25,068
1 liter (1/4 gallon) of gas €1.82
Monthly ticket public transport €50
Taxi trip on a business day, basic tariff, 8 km. (5 miles) €20
Personal Care Update prices
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) €4.34
1 box of antibiotics (12 doses) €5.03
Short visit to private doctor (15 minutes) €54
1 box of 32 tampons (tampax, ob, ...) €3.60
Deodorant, roll-on (50ml ~ 1.5 oz.) €2.28
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) €3.03
4 rolls of toilet paper €1.94
Tube of toothpaste €1.90
Standard men's haircut in expat area of the city €22
Entertainment Update prices
Basic dinner out for two in neighborhood pub €38
2 tickets to the movies €17
2 tickets to the theater (best available seats) €65
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert €48
1 cocktail drink in downtown club €13
Cappuccino in expat area of the city €3.11
1 beer in neighbourhood pub (500ml or 1pt.) €4.77
Ipad wi-fi 128gb €523
1 min. of prepaid mobile tariff (no discounts or plans) €0.35
1 month of gym membership in business district €50
1 package of marlboro cigarettes €5.71
These prices are based on abundant and consistent data. They are very reliable. They are based on 1,585 prices entered by 217 different people.
Latest price update: January 27, 2023

Moving to Madrid with your children?

International Schools in Madrid

Madrid position in our World Ranking

the world
94th
out of 210
western europe
38th
out of 77
spain
2nd
out of 16

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

spain
1st
spain
1st
spain
1st
spain
1st
spain
1st
spain
2nd

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Volkswagen Golf 1.4 TSI 150 CV (or equivalent), with no extras, new

in Madrid?

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International Cost of Living Index

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Prices recently added

  • Basic lunchtime menu (including a drink) in the business district in Mumbai costs ₨200 (about 3 hours ago)
  • Basic lunchtime menu (including a drink) in the business district in Manila costs Php400 (about 4 hours ago)
  • Internet connection 300 mbps, 1 month in Santiago costs CH$26,990 (about 4 hours ago)
  • Cappuccino in expat area of the city in Nice costs €4.50 (about 4 hours ago)
  • Utilities, monthly for 2 people in 85 m2 in Lublin costs 3,500 zł (about 5 hours ago)
  • Ipad wi-fi 128gb in Melbourne costs AU$756 (about 5 hours ago)

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