Cost of living in Madrid (Spain) is 52% cheaper than in New York City (United States)
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This comparison is based on abundant and consistent data. It is based on 2,332 prices entered by 361 different people.
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Currency:
| Food | - 44% | |||
|---|---|---|---|---|
| Food in Madrid (Spain) is 44% cheaper than in New York City (United States) | ||||
| Update prices | Update prices | |||
| Madrid | New York City | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | €17 ($19) | $23 | - 19% | |
| Combo meal in fast food restaurant (big mac meal or similar) | €9 ($9) | $13 | - 25% | |
| 500 gr (1 lb.) of boneless chicken breast | €4.10 ($4.37) | $7 | - 38% | |
| 1 liter (1 qt.) of whole fat milk | €1.06 ($1.13) | $1.51 | - 25% | |
| 12 eggs, large | €3.05 ($3.25) | $6 | - 48% | |
| 1 kg (2 lb.) of tomatoes | €2.41 ($2.57) | $6 | - 60% | |
| 500 gr (16 oz.) of local cheese | €7 ($8) | $9 | - 10% | |
| 1 kg (2 lb.) of apples | €2.16 ($2.30) | $5.07 | - 55% | |
| 1 kg (2 lb.) of potatoes | €1.30 ($1.38) | $2.64 | - 48% | |
| 0.5 l (16 oz) domestic beer in the supermarket | €1.11 ($1.18) | $4.95 | - 76% | |
| 1 bottle of red table wine, good quality | €7 ($7) | $23 | - 69% | |
| 2 liters of coca-cola | €2.03 ($2.16) | $3.10 | - 30% | |
| Bread for 2 people for 1 day | €0.89 ($0.95) | $3.70 | - 74% | |
| Housing | - 64% | |||
| Housing in Madrid (Spain) is 64% cheaper than in New York City (United States) | ||||
| Update prices | Update prices | |||
| Madrid | New York City | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | €1,621 ($1,727) | $5,541 | - 69% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | €1,085 ($1,156) | $3,425 | - 66% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | €118 ($126) | $178 | - 29% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | €1,110 ($1,182) | $4,018 | - 71% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | €781 ($832) | $2,364 | - 65% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | €89 ($95) | $118 | - 20% | |
| Internet 8 mbps (1 month) | €30 ($32) | $57 | - 44% | |
| 40” flat screen tv | €383 ($408) | $353 | + 15% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | €98 ($105) | $140 | - 25% | |
| Laundry detergent (3 l. ~ 100 oz.) | €8 ($8) | $16 | - 46% | |
| Hourly rate for cleaning help | €12 ($13) | $25 | - 48% | |
| Clothes | - 14% | |||
| Clothes in Madrid (Spain) is 14% cheaper than in New York City (United States) | ||||
| Update prices | Update prices | |||
| Madrid | New York City | Diff | ||
| 1 pair of jeans (levis 501 or similar) | €85 ($91) | $73 | + 23% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | €34 ($37) | $52 | - 29% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | €84 ($90) | $96 | - 6% | |
| 1 pair of men’s leather business shoes | €115 ($122) | $159 | - 23% | |
| Transportation | - 46% | |||
| Transportation in Madrid (Spain) is 46% cheaper than in New York City (United States) | ||||
| Update prices | Update prices | |||
| Madrid | New York City | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | €26,528 ($28,257) | $28,495 | - 1% | |
| 1 liter (1/4 gallon) of gas | €1.70 ($1.81) | $1.08 | + 67% | |
| Monthly ticket public transport | €40 ($43) | $130 | - 67% | |
| Taxi trip on a business day, basic tariff, 8 km. (5 miles) | €25 ($27) | $37 | - 28% | |
| Personal Care | - 49% | |||
| Personal Care in Madrid (Spain) is 49% cheaper than in New York City (United States) | ||||
| Update prices | Update prices | |||
| Madrid | New York City | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | €6 ($6) | $8 | - 23% | |
| 1 box of antibiotics (12 doses) | €7 ($8) | $20 | - 61% | |
| Short visit to private doctor (15 minutes) | €60 ($64) | $109 | - 41% | |
| 1 box of 32 tampons (tampax, ob, ...) | €4.33 ($4.61) | $10 | - 54% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | €3.03 ($3.22) | $5.04 | - 36% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | €3.73 ($3.97) | $8 | - 49% | |
| 4 rolls of toilet paper | €1.90 ($2.03) | $8 | - 74% | |
| Tube of toothpaste | €1.99 ($2.12) | $2.30 | - 8% | |
| Standard men's haircut in expat area of the city | €19 ($20) | $35 | - 43% | |
| Entertainment | - 46% | |||
| Entertainment in Madrid (Spain) is 46% cheaper than in New York City (United States) | ||||
| Update prices | Update prices | |||
| Madrid | New York City | Diff | ||
| Basic dinner out for two in neighborhood pub | €38 ($40) | $74 | - 45% | |
| 2 tickets to the movies | €17 ($19) | $36 | - 48% | |
| 2 tickets to the theater (best available seats) | €57 ($60) | $264 | - 77% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | €55 ($59) | $142 | - 58% | |
| 1 cocktail drink in downtown club | €13 ($14) | $19 | - 26% | |
| Cappuccino in expat area of the city | €2.82 ($3.00) | $6 | - 50% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | €4.88 ($5.19) | $9 | - 45% | |
| Ipad wi-fi 128gb | €657 ($700) | $580 | + 21% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | €0.13 ($0.14) | $0.18 | - 24% | |
| 1 month of gym membership in business district | €54 ($58) | $132 | - 56% | |
| 1 package of marlboro cigarettes | €5.41 ($5.76) | $15 | - 63% | |
 |
TOTAL | - 52% | ||
These prices were last updated on September 25, 2023.
Exchange rate:
1.065
USD
/
EUR
This comparison is based on abundant and consistent data. It is based on 2,332 prices entered by 361 different people.
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