Cost of Living in Madrid

Spain

Summary

Cost of living in Madrid, Spain is $1,909 and it seems affordable according to the average monthly salary which is $1,944. For more insights check the list of average prices of Restaurants, Markets, Transportation, Utilities, and 40 more categories.

$1,909
Cost of Living
$1,944
Average Salary
$1,365
Average House Rent

Rent Per Month

Name
Price
Apartment (1 bedroom) in City Centre
$1,051.03
Apartment (1 bedroom) Outside of Centre
$762.66
Apartment (3 bedrooms) in City Centre
$1,828.49
Apartment (3 bedrooms) Outside of Centre
$1,303.17

Salaries And Financing

Name
Price
Average Monthly Net Salary (After Tax)
$1,945.3
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
$151.8
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)
$0.2
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$49.28

Markets

Name
Price
Milk (regular), (1 liter)
$0.98
Loaf of Fresh White Bread (500g)
$1.36
Eggs (regular) (12)
$1.8
Local Cheese (1kg)
$11.54
Water (1.5 liter bottle)
$0.73
Bottle of Wine (Mid-Range)
$6.75
Domestic Beer (0.5 liter bottle)
$1.11
Imported Beer (0.33 liter bottle)
$1.69
Cigarettes 20 Pack (Marlboro)
$5.76
Apples (1kg)
$2.03
Chicken Breasts (Boneless, Skinless), (1kg)
$7.02
Oranges (1kg)
$1.66
Potato (1kg)
$1.25
Lettuce (1 head)
$1.19
Rice (white), (1kg)
$1.23
Tomato (1kg)
$1.93
Banana (1kg)
$1.76
Onion (1kg)
$1.28
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$12.34

Transportation

Name
Price
One-way Ticket (Local Transport)
$1.65
Monthly Pass (Regular Price)
$61.25
Gasoline (1 liter)
$1.47
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$22,819.68
Taxi Start (Normal Tariff)
$3.43
Taxi 1km (Normal Tariff)
$1.39
Taxi 1hour Waiting (Normal Tariff)
$26.59
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car)
$22,968.14

Clothing And Shoes

Name
Price
1 Pair of Jeans (Levis 501 Or Similar)
$78.8
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$32.93
1 Pair of Nike Running Shoes (Mid-Range)
$84.76
1 Pair of Men Leather Business Shoes
$100.55

Restaurants

Name
Price
Meal, Inexpensive Restaurant
$12.56
Meal for 2 People, Mid-range Restaurant, Three-course
$44.98
McMeal at McDonalds (or Equivalent Combo Meal)
$8.21
Domestic Beer (0.5 liter draught)
$3.18
Imported Beer (0.33 liter bottle)
$3.65
Coke/Pepsi (0.33 liter bottle)
$2.01
Water (0.33 liter bottle)
$1.64
Cappuccino (regular)
$1.98

Sports And Leisure

Name
Price
Fitness Club, Monthly Fee for 1 Adult
$41.84
Tennis Court Rent (1 Hour on Weekend)
$14.42
Cinema, International Release, 1 Seat
$10.12

Childcare

Name
Price
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$531.29
International Primary School, Yearly for 1 Child
$8,829.07

Buy Apartment Price

Name
Price
Price per Square Meter to Buy Apartment in City Centre
$5,977.82
Price per Square Meter to Buy Apartment Outside of Centre
$3,278.56

Questions

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

The total cost of living is around $1,909 in Madrid. The average rent in Madrid for a one-bedroom apartment in the city centre is approximately $1,365 per month, and utilities cost around $151 a month. Other costs will be around $695 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 $1,944.

What is the average salary in Madrid?

A person working in Madrid typically earns around $1,944 per month (After tax) and it's not qualification specific. $1,944 is a good salary according to average cost of living which is $1,909.

What is the average rent in Madrid?

The average one-bedroom apartment in Madrid city centre stands at around $1,365 per month. If you're okay with an apartment outside of the city centre that will be cost around $991.