Cost of Living in Madrid

Summary of cost of living in Madrid, Spain:

A family of four estimated monthly costs are 2,995.4$ (2,842.9€) without rent (using our estimator).
A single person estimated monthly costs are 846.9$ (803.8€) without rent.
Madrid is 24.0% less expensive than Columbus (without rent, see our cost of living index).
Rent in Madrid is, on average, 16.3% lower than in Columbus.

Restaurants	Edit	Range
Meal, Inexpensive Restaurant	15.00 €	11.00-20.00
Meal for 2 People, Mid-range Restaurant, Three-course	60.00 €	40.00-100.00
McMeal at McDonalds (or Equivalent Combo Meal)	10.00 €	9.00-12.00
Domestic Beer (1 pint draught)	3.50 €	2.50-5.00
Imported Beer (12 oz small bottle)	4.00 €	3.00-5.00
Cappuccino (regular)	2.41 €	1.50-4.00
Coke/Pepsi (12 oz small bottle)	2.66 €	2.00-3.50
Water (12 oz small bottle)	1.70 €	1.00-2.50
Markets	Edit
Milk (regular), (1 gallon)	4.04 €	3.41-6.02
Loaf of Fresh White Bread (1 lb)	1.36 €	0.73-2.72
Rice (white), (1 lb)	0.66 €	0.45-0.91
Eggs (regular) (12)	2.82 €	1.79-4.08
Local Cheese (1 lb)	5.74 €	3.18-11.34
Chicken Fillets (1 lb)	3.51 €	2.27-4.54
Beef Round (1 lb) (or Equivalent Back Leg Red Meat)	6.45 €	4.54-8.62
Apples (1 lb)	1.03 €	0.68-1.36
Banana (1 lb)	0.84 €	0.63-1.36
Oranges (1 lb)	0.95 €	0.54-1.59
Tomato (1 lb)	1.00 €	0.59-1.81
Potato (1 lb)	0.77 €	0.36-1.13
Onion (1 lb)	0.77 €	0.45-1.02
Lettuce (1 head)	1.21 €	0.52-2.00
Water (1.5 liter bottle)	0.86 €	0.27-1.50
Bottle of Wine (Mid-Range)	6.00 €	4.50-9.00
Domestic Beer (0.5 liter bottle)	1.19 €	0.68-2.00
Imported Beer (12 oz small bottle)	1.89 €	1.00-3.00
Cigarettes 20 Pack (Marlboro)	6.00 €	5.33-7.00
Transportation	Edit
One-way Ticket (Local Transport)	1.50 €	1.20-2.50
Monthly Pass (Regular Price)	50.00 €	25.00-63.70
Taxi Start (Normal Tariff)	3.25 €	2.50-4.90
Taxi 1 mile (Normal Tariff)	2.09 €	1.61-3.22
Taxi 1hour Waiting (Normal Tariff)	25.00 €	22.00-35.00
Gasoline (1 gallon)	6.30 €	5.68-7.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	33,182.50 €	28,000.00-35,000.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	28,744.77 €	25,500.00-32,000.00
Utilities (Monthly)	Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment	155.96 €	105.24-250.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data	14.61 €	7.00-35.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	30.88 €	20.00-50.00
Sports And Leisure	Edit
Fitness Club, Monthly Fee for 1 Adult	40.76 €	25.00-65.00
Tennis Court Rent (1 Hour on Weekend)	12.60 €	7.00-18.00
Cinema, International Release, 1 Seat	10.00 €	8.00-14.00
Childcare	Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	526.15 €	410.00-750.00
International Primary School, Yearly for 1 Child	9,240.91 €	6,000.00-18,000.00
Clothing And Shoes	Edit
1 Pair of Jeans (Levis 501 Or Similar)	85.68 €	45.00-120.00
1 Summer Dress in a Chain Store (Zara, H&M, ...)	34.44 €	20.00-50.00
1 Pair of Nike Running Shoes (Mid-Range)	91.74 €	60.00-120.00
1 Pair of Men Leather Business Shoes	112.17 €	60.00-150.00
Rent Per Month	Edit
Apartment (1 bedroom) in City Centre	1,368.75 €	1,030.00-1,800.00
Apartment (1 bedroom) Outside of Centre	991.70 €	800.00-1,200.00
Apartment (3 bedrooms) in City Centre	2,276.94 €	1,800.00-3,000.00
Apartment (3 bedrooms) Outside of Centre	1,572.34 €	1,200.00-2,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	566.88 €	436.64-748.51
Price per Square Feet to Buy Apartment Outside of Centre	345.29 €	260.13-464.51
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	2,221.46 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.59	2.60-4.50

Prices in Madrid

This city had 3562 entries in the past 12 months by 469 different contributors.
Last update: November 2024

Sources and References

Insights (Premium)

Moving to Madrid? Explore:

Distribution of Expenses Using Our Statistical Model:

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

Leave a comment:

27 Comments so far

Anonymous on Nov 16, 2024:

For anyone wondering, the avg. monthly net salary is under no circumstances anything near €2.200 in Madrid (or anywhere in Spain); most people here make between €1.200 and €1.800; some make between €1.800 and €2.200, and a few select make more than €2.200. If you make anything close to or above €3.000, you are definitely in Madrid's top 1% of salary makers. Like anywhere in the world, your industry matters, so naturally, if you work in anything related to IT, you'll make more than the average, but to say the average net salary in Madrid is €2.200 is just crazy.

Adam on Oct 09, 2024:

How much do accountants make? I saw some figures say between €20k and 55k€ pa. Is the lower end of this acceptable?

Thomas on Jul 09, 2024:

@ Roberto

If you pay the rent for 6 or 12 months in advance, you can find a two bedroom in city center for around 1000 euro / mth

Roberto on Jul 06, 2024:

My net salary as a civil servant (monthly) is 3121 € that means 54000€ per year.
My one bedroom apartment rent(45 M2) with excellent condition, is 1400€ monthly in city centre. Less than 1200 unlikely to find.

Óscar on Jul 06, 2024:

The cost of living prices stated here are not updated...markets, restaurants, utilities, etc..you should review all these prices ..are really untrue...prices currently are much higher than that.

Thomas on Jul 04, 2024:

I make 3800 netto in Madrid as a SAP developer.

I rent a 82m2 two bedroom appartment in city center for 980/mth, utilities elec.+water+muni 130/mth.

Dining and drinks are very cheap and high quality compared to the US.

For the price of McDonalds in US you have a decent healthy and yummy meal here.

People are great once you hang out a bit.

Matt on Jun 27, 2024:

The gross average salary in Madrid is 29.000 euros, net becomes around 1800 per month. So salaries are not as high as reported. Check the national statistics institute for more information

Altares23 on Apr 07, 2024:

@Muskan it will depend on the live you want to have. But 4K€ monthly should be enough for a family of 4 to live economically in calm. Even you wi could be able to save money and have holidays. But of course Madrid is acity which offers a lot of plans, so money could be spend fast if you attend weekly restaurants and so on.

Muskan on Apr 04, 2024:

I have offered 4k/month gross, is it good for a family of 4 with kids primary schooling etc...
Can anyone pls suggest.

Samuel on Feb 18, 2024:

@Steve is confused with Barcelona, Madrid is actually very safe.

Steve on Feb 17, 2024:

Beware of thieves! Madrid is full of thieves and they will try to steal your stuff by picking your pockets. Very dangerous city and I would not recommend to visit it.

William on Aug 07, 2023:

I make 3180 a month, rent for 1 bedroom city center 900, utilities around 100.

It's a very good place to live and work, the people here are very friendly.

Anonymous on Jun 24, 2023:

Average salary of 2600 net euros/month? Kidding right? 2000 net at best

Ricardo on Jun 03, 2023:

Price ceiling was reached in april, last month prices start dropping.

Eduardo on May 17, 2023:

Housing prices and rent have been increasing much quicker than salaries for years. Since last two years it is becoming unsustainable and I already know many people leaving to cheaper cities even provinces.

Carlos on Apr 01, 2023:

Prices coming down, economy is booming in Spain, especially tourism.

Very nice city, lots to do here.

Clara caso on Nov 04, 2022:

I lived in Madrid for 8 years during the 1950’s. I still consider those years the best of my life. I wish I can return to live again in Madrid my ideal city. Continue giving us updates. Love you clara

ALEXANDER MORENO GOMEZ on Jan 19, 2022:

We need to review all current prices because the inflation in Spain is about 6% now, it is affecting food, services, housing and fuel.

Salaries were impacted by the pandemic in general, government is adjusting freelance taxes.

Anonymous on Dec 15, 2021:

"894.83 € for one bedroom apartment in the center"...HA HA HA. Very funny. It's at least 1200€.

Anonymous on Dec 13, 2021:

Real rental prices (for a decent apartment where a human being can live) are much higher! This data are old of 20 years.

Anonymous on Mar 01, 2021:

Spain should've never changed from the peseta to the euro. The euro doesn't have a good track record plus having the euro doesn't allow for Spain to enhance their former currency to market standards.Even if the economy isn't doing well Spain is locked into dues being paid for using the euro. Spain, Italy, Portugal and other countries are feeling the pinch of the failing euro a no win situation.

Anonymous on Feb 25, 2021:

Covid19 is overwhelming in Madrid but now medical personnel within the government are just now notifying the public 167 cases of EBOLA have been confirmed after knowing about it 3 months priory in Madrid and many more in other parts of Spain.To those planning a visit to Spain any time soon cancel your arrangements go elsewhere.

Anonymous on Dec 23, 2020:

Spain is just a warmed over version of Venezuela.

Resident on Nov 18, 2020:

These prices must be from last century!
Why only have international primary school and not "secondary"? That would be around 25k€ a year. The primry is way off!

Crator on Oct 15, 2020:

@Anon on Oct 13, 2020: Can't you see the prices above? You'll starve with that kind of money.

Anon on Oct 13, 2020:

Hi! I got offered a job in madrid with a salary of €1000 a month. Would that be enough to survive in madrid? Thank you!

Pablo on Sep 10, 2020:

Cost of living in Madrid is very flexible. Its not about your salary but on how you spend it. The most expensive commodity in Madrid is that thing called "convenience". If you prefer to be convenient by just going to restaurants instead of cooking your own food, then it would cost you much. If your prefer to take taxi rather than taking buses (monthly pass, its cheap), then, my friend, again, it will cost you much. If you prefer to shop at usual brand stores in the city streets/malls rather than going to factory outlets just outside the city, then it would cost you. In summary, before moving to Madrid or in any city, decide first what kind of living standard you would like to have. Hope this helps.

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