Cost of Living in Madrid

Spain

Summary

Cost of living in Madrid, Spain is $1,858 and it seems affordable according to the average monthly salary which is $1,892. For more insights check the list of average prices of Restaurants, Markets, Transportation, Utilities, and 40 more categories.

$1,858
Cost of Living
$1,892
Average Salary
$1,329
Average House Rent

Rent Per Month

Name
Price
Apartment (1 bedroom) in City Centre
$1,022.9
Apartment (1 bedroom) Outside of Centre
$742.26
Apartment (3 bedrooms) in City Centre
$1,779.57
Apartment (3 bedrooms) Outside of Centre
$1,268.3

Salaries And Financing

Name
Price
Average Monthly Net Salary (After Tax)
$1,893.25
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
%2.29

Utilities (Monthly)

Name
Price
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$147.73
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)
$0.19
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$47.96

Markets

Name
Price
Milk (regular), (1 liter)
$0.96
Loaf of Fresh White Bread (500g)
$1.32
Eggs (regular) (12)
$1.76
Local Cheese (1kg)
$11.23
Water (1.5 liter bottle)
$0.71
Bottle of Wine (Mid-Range)
$6.57
Domestic Beer (0.5 liter bottle)
$1.08
Imported Beer (0.33 liter bottle)
$1.64
Cigarettes 20 Pack (Marlboro)
$5.6
Apples (1kg)
$1.98
Chicken Breasts (Boneless, Skinless), (1kg)
$6.83
Oranges (1kg)
$1.61
Potato (1kg)
$1.21
Lettuce (1 head)
$1.16
Rice (white), (1kg)
$1.19
Tomato (1kg)
$1.88
Banana (1kg)
$1.71
Onion (1kg)
$1.25
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$12.01

Transportation

Name
Price
One-way Ticket (Local Transport)
$1.61
Monthly Pass (Regular Price)
$59.61
Gasoline (1 liter)
$1.43
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$22,209.09
Taxi Start (Normal Tariff)
$3.34
Taxi 1km (Normal Tariff)
$1.35
Taxi 1hour Waiting (Normal Tariff)
$25.88
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car)
$22,353.58

Clothing And Shoes

Name
Price
1 Pair of Jeans (Levis 501 Or Similar)
$76.7
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$32.04
1 Pair of Nike Running Shoes (Mid-Range)
$82.5
1 Pair of Men Leather Business Shoes
$97.86

Restaurants

Name
Price
Meal, Inexpensive Restaurant
$12.22
Meal for 2 People, Mid-range Restaurant, Three-course
$43.78
McMeal at McDonalds (or Equivalent Combo Meal)
$7.99
Domestic Beer (0.5 liter draught)
$3.1
Imported Beer (0.33 liter bottle)
$3.56
Coke/Pepsi (0.33 liter bottle)
$1.95
Water (0.33 liter bottle)
$1.6
Cappuccino (regular)
$1.93

Sports And Leisure

Name
Price
Fitness Club, Monthly Fee for 1 Adult
$40.72
Tennis Court Rent (1 Hour on Weekend)
$14.03
Cinema, International Release, 1 Seat
$9.85

Childcare

Name
Price
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$517.07
International Primary School, Yearly for 1 Child
$8,592.83

Buy Apartment Price

Name
Price
Price per Square Meter to Buy Apartment in City Centre
$5,817.87
Price per Square Meter to Buy Apartment Outside of Centre
$3,190.83

Questions

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

The total cost of living is around $1,858 in Madrid. The average rent in Madrid for a one-bedroom apartment in the city centre is approximately $1,329 per month, and utilities cost around $147 a month. Other costs will be around $676 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 $1,892.

What is the average salary in Madrid?

A person working in Madrid typically earns around $1,892 per month (After tax) and it's not qualification specific. $1,892 is a good salary according to average cost of living which is $1,858.

What is the average rent in Madrid?

The average one-bedroom apartment in Madrid city centre stands at around $1,329 per month. If you're okay with an apartment outside of the city centre that will be cost around $965.