Madrid

Madrid is the capital and most populous city of Spain. Madrid is the 5th most important leading Centre of Commerce in Europe and ranks 11th in the world.

Founded: 931
Population: 3.2m
Area: 604.31 km²
Average salary: $2,184.57
Elevation: 650 m
Timezone: UTC+1

Cost of Living in Madrid

Last Update: February 2023

Rent Per Month

Price

Range

Apartment (1 bedroom) in City Centre

$1,109.04

$864.44$1,404.72

Apartment (1 bedroom) Outside of Centre

$855.25

$702.36$1,080.56

Apartment (3 bedrooms) in City Centre

$1,906.96

$1,512.78$2,593.33

Apartment (3 bedrooms) Outside of Centre

$1,360.35

$1,080.56$1,945.00

Buy Apartment Price

Price

Range

Price per Square Meter to Buy Apartment in City Centre

$5,828.68

$4,322.22$7,563.89

Price per Square Meter to Buy Apartment Outside of Centre

$3,981.41

$3,106.60$5,402.78

Utilities (Monthly)

Price

Range

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

$0.15

$0.05$0.32

Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment

$180.59

$129.67$275.54

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

$35.85

$23.77$54.03

Markets

Price

Range

Apples (1kg)

$2.27

$1.30$3.24

Banana (1kg)

$2.05

$1.13$3.78

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

$13.24

$8.64$19.45

Bottle of Wine (Mid-Range)

$5.94

$3.24$9.72

Chicken Fillets (1kg)

$8.00

$4.32$9.72

Cigarettes 20 Pack (Marlboro)

$5.56

$5.40$6.48

Domestic Beer (0.5 liter bottle)

$1.07

$0.54$1.64

Eggs (regular) (12)

$2.49

$1.30$3.24

Imported Beer (0.33 liter bottle)

$1.65

$1.08$2.16

Lettuce (1 head)

$1.12

$0.86$1.62

Loaf of Fresh White Bread (500g)

$1.17

$0.54$2.38

Local Cheese (1kg)

$11.40

$5.40$20.53

Milk (regular), (1 liter)

$0.95

$0.76$1.10

Onion (1kg)

$1.46

$0.76$2.16

Oranges (1kg)

$1.94

$1.08$3.24

Potato (1kg)

$1.37

$0.54$2.16

Rice (white), (1kg)

$1.34

$0.86$2.38

Tomato (1kg)

$2.03

$1.19$3.03

Water (1.5 liter bottle)

$0.74

$0.27$1.35

Transportation

Price

Range

Gasoline (1 liter)

$2.01

$1.73$2.16

Monthly Pass (Regular Price)

$59.00

$54.03$68.83

One-way Ticket (Local Transport)

$1.62

$1.30$2.16

Taxi 1hour Waiting (Normal Tariff)

$23.77

$20.10$27.01

Taxi 1km (Normal Tariff)

$1.19

$0.86$2.16

Taxi Start (Normal Tariff)

$3.78

$2.70$5.40

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

$25,461.81

$23,772.22$27,013.89

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

$27,013.89

$21,611.11$31,336.11

Clothing And Shoes

Price

Range

1 Pair of Jeans (Levis 501 Or Similar)

$77.86

$38.90$108.06

1 Pair of Men Leather Business Shoes

$99.27

$54.03$162.08

1 Pair of Nike Running Shoes (Mid-Range)

$82.85

$54.03$108.06

1 Summer Dress in a Chain Store (Zara, H&M, ...)

$36.74

$21.61$54.03

Restaurants

Price

Range

Cappuccino (regular)

$2.29

$1.19$3.78

Coke/Pepsi (0.33 liter bottle)

$2.53

$1.94$3.24

Domestic Beer (0.5 liter draught)

$3.78

$2.16$5.40

Imported Beer (0.33 liter bottle)

$3.78

$3.24$4.32

McMeal at McDonalds (or Equivalent Combo Meal)

$8.64

$8.10$9.72

Meal for 2 People, Mid-range Restaurant, Three-course

$54.03

$37.82$86.44

Meal, Inexpensive Restaurant

$12.97

$10.81$16.21

Water (0.33 liter bottle)

$1.75

$1.08$2.70

Childcare

Price

Range

International Primary School, Yearly for 1 Child

$9,691.75

$5,618.89$15,127.78

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

$517.99

$432.22$637.53

Sports And Leisure

Price

Range

Cinema, International Release, 1 Seat

$9.72

$8.64$12.97

Fitness Club, Monthly Fee for 1 Adult

$43.42

$27.01$70.24

Tennis Court Rent (1 Hour on Weekend)

$13.06

$7.56$17.83

Salaries And Financing

Price

Range

Average Monthly Net Salary (After Tax)

$2,184.57

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

2.44

1.23.21

Compare