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Cost of Living in Madrid

Spain

Summary

Cost of living in Madrid, Spain is $1,896 and it seems affordable according to the average monthly salary which is $1,930. For more living costs insights, check the list of prices for Restaurants, Markets, Transportation, Utilities, and 40 more categories.

$1,896
Cost of Living
$1,930
Average Salary
$1,355
Average House Rent

Rent Per Month

Name
Price
Apartment (1 bedroom) in City Centre
$1,042.55
Apartment (1 bedroom) Outside of Centre
$769.42
Apartment (3 bedrooms) in City Centre
$1,834.25
Apartment (3 bedrooms) Outside of Centre
$1,325.33

Salaries And Financing

Name
Price
Average Monthly Net Salary (After Tax)
$1,930.03
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
%2.21

Utilities (Monthly)

Name
Price
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$157.29
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)
$0.19
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$44.7

Markets

Name
Price
Milk (regular), (1 liter)
$0.93
Loaf of Fresh White Bread (500g)
$1.28
Eggs (regular) (12)
$1.95
Local Cheese (1kg)
$11.4
Water (1.5 liter bottle)
$0.72
Bottle of Wine (Mid-Range)
$6.51
Domestic Beer (0.5 liter bottle)
$1.09
Imported Beer (0.33 liter bottle)
$1.61
Cigarettes 20 Pack (Marlboro)
$5.59
Apples (1kg)
$2.01
Chicken Breasts (Boneless, Skinless), (1kg)
$6.86
Oranges (1kg)
$1.69
Potato (1kg)
$1.23
Lettuce (1 head)
$1.13
Rice (white), (1kg)
$1.22
Tomato (1kg)
$1.88
Banana (1kg)
$1.82
Onion (1kg)
$1.28
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$12.11

Transportation

Name
Price
One-way Ticket (Local Transport)
$1.62
Monthly Pass (Regular Price)
$59.39
Gasoline (1 liter)
$1.62
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$23,301.35
Taxi Start (Normal Tariff)
$3.51
Taxi 1km (Normal Tariff)
$1.38
Taxi 1hour Waiting (Normal Tariff)
$24.83
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car)
$23,345.61

Clothing And Shoes

Name
Price
1 Pair of Jeans (Levis 501 Or Similar)
$76.09
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$33.26
1 Pair of Nike Running Shoes (Mid-Range)
$80.63
1 Pair of Men Leather Business Shoes
$96.86

Restaurants

Name
Price
Meal, Inexpensive Restaurant
$13.01
Meal for 2 People, Mid-range Restaurant, Three-course
$51.44
McMeal at McDonalds (or Equivalent Combo Meal)
$8.11
Domestic Beer (0.5 liter draught)
$3.17
Imported Beer (0.33 liter bottle)
$3.63
Coke/Pepsi (0.33 liter bottle)
$2.02
Water (0.33 liter bottle)
$1.6
Cappuccino (regular)
$2

Sports And Leisure

Name
Price
Fitness Club, Monthly Fee for 1 Adult
$41.76
Tennis Court Rent (1 Hour on Weekend)
$13.26
Cinema, International Release, 1 Seat
$9.68

Childcare

Name
Price
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$518.71
International Primary School, Yearly for 1 Child
$9,172.13

Buy Apartment Price

Name
Price
Price per Square Meter to Buy Apartment in City Centre
$5,738.24
Price per Square Meter to Buy Apartment Outside of Centre
$3,376.95

Questions

How much does it cost to live in Madrid per month?

The total cost of living is around $1,896 in Madrid. The average rent in Madrid for a one-bedroom apartment in the city centre is approximately $1,355 per month, and utilities cost around $157 a month. Other costs will be around $698 including markets, transportation, restaurants, and sports and leisure for one-person.

Is Madrid expensive to live?

Madrid seems not expensive to live in according to the average monthly salary which is $1,930.

What is the average salary in Madrid?

A person working in Madrid typically earns around $1,930 per month (After tax) and it's not qualification specific. $1,930 is a good salary according to average cost of living which is $1,896.

What is the average rent in Madrid?

The average one-bedroom apartment in Madrid city centre stands at around $1,355 per month. If you're okay with an apartment outside of the city centre that will be cost around $999.