Cost of Living in Madrid

Spain

Summary

Cost of living in Madrid, Spain is $1,805 and it seems affordable according to the average monthly salary which is $1,837. For more insights check the list of average prices of Restaurants, Markets, Transportation, Utilities, and 40 more categories.

$1,805
Cost of Living
$1,837
Average Salary
$1,290
Average House Rent

Rent Per Month

Name
Price
Apartment (1 bedroom) in City Centre
$992.48
Apartment (1 bedroom) Outside of Centre
$732.46
Apartment (3 bedrooms) in City Centre
$1,746.14
Apartment (3 bedrooms) Outside of Centre
$1,261.67

Salaries And Financing

Name
Price
Average Monthly Net Salary (After Tax)
$1,837.33
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
$149.74
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)
$0.18
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$42.56

Markets

Name
Price
Milk (regular), (1 liter)
$0.88
Loaf of Fresh White Bread (500g)
$1.22
Eggs (regular) (12)
$1.85
Local Cheese (1kg)
$10.85
Water (1.5 liter bottle)
$0.69
Bottle of Wine (Mid-Range)
$6.2
Domestic Beer (0.5 liter bottle)
$1.04
Imported Beer (0.33 liter bottle)
$1.53
Cigarettes 20 Pack (Marlboro)
$5.32
Apples (1kg)
$1.91
Chicken Breasts (Boneless, Skinless), (1kg)
$6.53
Oranges (1kg)
$1.61
Potato (1kg)
$1.18
Lettuce (1 head)
$1.08
Rice (white), (1kg)
$1.17
Tomato (1kg)
$1.79
Banana (1kg)
$1.74
Onion (1kg)
$1.22
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$11.53

Transportation

Name
Price
One-way Ticket (Local Transport)
$1.54
Monthly Pass (Regular Price)
$56.54
Gasoline (1 liter)
$1.54
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$22,182.09
Taxi Start (Normal Tariff)
$3.34
Taxi 1km (Normal Tariff)
$1.31
Taxi 1hour Waiting (Normal Tariff)
$23.63
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car)
$22,224.22

Clothing And Shoes

Name
Price
1 Pair of Jeans (Levis 501 Or Similar)
$72.43
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$31.66
1 Pair of Nike Running Shoes (Mid-Range)
$76.75
1 Pair of Men Leather Business Shoes
$92.21

Restaurants

Name
Price
Meal, Inexpensive Restaurant
$12.39
Meal for 2 People, Mid-range Restaurant, Three-course
$48.97
McMeal at McDonalds (or Equivalent Combo Meal)
$7.72
Domestic Beer (0.5 liter draught)
$3.02
Imported Beer (0.33 liter bottle)
$3.45
Coke/Pepsi (0.33 liter bottle)
$1.92
Water (0.33 liter bottle)
$1.52
Cappuccino (regular)
$1.9

Sports And Leisure

Name
Price
Fitness Club, Monthly Fee for 1 Adult
$39.75
Tennis Court Rent (1 Hour on Weekend)
$12.62
Cinema, International Release, 1 Seat
$9.22

Childcare

Name
Price
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$493.79
International Primary School, Yearly for 1 Child
$8,731.55

Buy Apartment Price

Name
Price
Price per Square Meter to Buy Apartment in City Centre
$5,462.61
Price per Square Meter to Buy Apartment Outside of Centre
$3,214.74

Questions

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

The total cost of living is around $1,805 in Madrid. The average rent in Madrid for a one-bedroom apartment in the city centre is approximately $1,290 per month, and utilities cost around $150 a month. Other costs will be around $665 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 $1,837.

What is the average salary in Madrid?

A person working in Madrid typically earns around $1,837 per month (After tax) and it's not qualification specific. $1,837 is a good salary according to average cost of living which is $1,805.

What is the average rent in Madrid?

The average one-bedroom apartment in Madrid city centre stands at around $1,290 per month. If you're okay with an apartment outside of the city centre that will be cost around $951.