Cost of Living in Madrid, Spain

Madrid has a cost of living index of 68/100 (New York = 100). It is 32% cheaper than New York. Data sourced live via AI — updated regularly.

68/100
Cost Index
$3,150/mo
Median Income
65/100
Safety Index
continental
Climate

Cost Breakdown by Category

HousingScore: 62/100
1-Bed Apartment (City Center)$1,210/month
1-Bed Apartment (Outside Center)$950/month
3-Bed Apartment (City Center)$1,875/month
Food & GroceriesScore: 48/100
Milk (1 liter)$1/liter
Bread (500g loaf)$1.8/loaf
Rice (1 kg)$1.4/kg
Dining OutScore: 48/100
Meal at Inexpensive Restaurant$15/meal
Meal for 2 (Mid-Range)$50/meal
McMeal at McDonald's$8/meal
TransportationScore: 45/100
Monthly Transit Pass$60/month
One-Way Ticket$2/trip
Taxi (1 km)$1.2/km
UtilitiesScore: 50/100
Basic (Elec, Heat, Water, Garbage) 85m2$165/month
Internet (60+ Mbps)$35/month
Mobile Plan (10GB+)$25/month
HealthcareScore: 70/100
Doctor Visit (15 min)$70/visit
Dentist Visit$85/visit
Prescription Medicine (avg)$12/course
EntertainmentScore: 52/100
Cinema Ticket (1 seat)$10/ticket
Theater Ticket$35/ticket
Museum Entry$12/ticket
FitnessScore: 48/100
Gym Membership (monthly)$40/month
Tennis Court Rent (1 hr)$18/hour
Swimming Pool (adult entry)$7/entry
Personal CareScore: 48/100
Haircut (Men)$18/cut
Haircut (Women)$38/cut
Shampoo (400ml)$4.5/bottle
ClothingScore: 50/100
Jeans (Levi's or similar)$55/pair
Summer Dress (Zara/H&M)$35/piece
Running Shoes (Nike/Adidas)$80/pair

Digital Nomad Profile

95 Mbps
Internet Speed
$250
Coworking/Month
excellent
Café WiFi
moderate
English Level
large
Nomad Community
82/100
Walkability

Best neighborhoods: Malasaña, Chueca, Sol-Gran Vía

Frequently Asked Questions

Is Madrid cheap to live in?

Madrid has a cost of living index of 68/100, where New York = 100. It is 32% cheaper than New York. A single person can live comfortably for approximately $1,360–$1,904 per month.

How much does rent cost in Madrid?

A 1-bedroom apartment in the city center of Madrid costs approximately $1,210/month. Outside the center, expect to pay around $950/month.

Is Madrid good for digital nomads?

Madrid has a large digital nomad community. Average internet speed is 95 Mbps, café wifi reliability is excellent, and coworking spaces run about $250/month. English proficiency is moderate.

What is the average salary in Madrid?

The median net monthly salary in Madrid is approximately $3,150 USD. The income tax rate is around 25%.

How does Madrid compare to New York for cost of living?

Madrid (cost index 68) is 32% cheaper than New York (cost index 100). You could save roughly $800/month by moving from New York to Madrid.

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