Cost of living in Madrid, Spain

Summary of cost of living in Madrid

  • Family of four estimated monthly costs: €3,833
  • Single person estimated monthly costs: €2,156
  • Madrid is the 2nd most expensive city in Spain (2 out of 14)
  • Cost of living in Madrid is cheaper than in 51% of cities in Western Europe (32 out of 63)
  • Cost of living in Madrid is more expensive than in 56% of cities in the World (75 out of 167)
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List of prices in Madrid
Current as of Jul 2024.

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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) €9
500 gr (1 lb.) of boneless chicken breast €3.84
1 liter (1 qt.) of whole fat milk €1.05
12 eggs, large €3.04
1 kg (2 lb.) of tomatoes €2.33
500 gr (16 oz.) of local cheese €7
1 kg (2 lb.) of apples €2.39
1 kg (2 lb.) of potatoes €1.48
0.5 l (16 oz) domestic beer in the supermarket €1.17
1 bottle of red table wine, good quality €7
2 liters of coca-cola €2.11
Bread for 2 people for 1 day €1.14
Housing Update prices
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area €1,868
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area €1,242
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat €124
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area €1,216
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area €834
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio €86
Internet 8 mbps (1 month) €27
40” flat screen tv €333
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) €88
Laundry detergent (3 l. ~ 100 oz.) €10
Hourly rate for cleaning help €13
Clothes Update prices
1 pair of jeans (levis 501 or similar) €69
1 summer dress in a high street store (zara, h&m or similar retailers) €29
1 pair of sport shoes (nike, adidas, or equivalent brands) €86
1 pair of men’s leather business shoes €90
Transportation Update prices
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new €29,194
1 liter (1/4 gallon) of gas €1.68
Monthly ticket public transport €36
Taxi trip on a business day, basic tariff, 8 km. (5 miles) €13
Personal Care Update prices
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) €8
1 box of antibiotics (12 doses) €4.78
Short visit to private doctor (15 minutes) €52
1 box of 32 tampons (tampax, ob, ...) €3.96
Deodorant, roll-on (50ml ~ 1.5 oz.) €3.28
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) €3.22
4 rolls of toilet paper €2.07
Tube of toothpaste €2.31
Standard men's haircut in expat area of the city €21
Entertainment Update prices
Basic dinner out for two in neighborhood pub €39
2 tickets to the movies €19
2 tickets to the theater (best available seats) €58
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert €57
1 cocktail drink in downtown club €14
Cappuccino in expat area of the city €3.03
1 beer in neighbourhood pub (500ml or 1pt.) €4.39
Ipad wi-fi 128gb €553
1 min. of prepaid mobile tariff (no discounts or plans) €0.19
1 month of gym membership in business district €52
1 package of marlboro cigarettes €5.45
These prices are based on abundant and consistent data. They are very reliable. They are based on 1,953 prices entered by 218 different people.
Latest price update: July 15, 2024

Moving to Madrid with your children?

International Schools in Madrid

Madrid position in our World Ranking

the world
75th
out of 167
western europe
32nd
out of 63
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

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International Cost of Living Index

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Prices recently added

  • Monthly rent - 85 m2 furnished accommodation in expensive area in Uberlandia costs R$ 6,000 (15 minutes ago)
  • Basic lunchtime menu (including a drink) in the business district in Los Angeles, California costs $40 (about 1 hour ago)
  • 1 liter of whole fat milk in Almería costs €1.10 (about 2 hours ago)
  • Basic lunchtime menu (including a drink) in the business district in Boise, Idaho costs $18 (about 3 hours ago)
  • 1 liter of gasoline in Havana costs 1.00 CUC (about 3 hours ago)
  • Basic lunchtime menu (including a drink) in the business district in Guadalajara costs Mex$ 700 (about 3 hours ago)

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