Chicago vs Madrid

Cost of living comparison for 2026. Madrid is roughly 36% more affordable than Chicago (index 38 vs 60, New York = 100). Data sourced live via AI — updated regularly.

Madrid
More affordable overall
36% cheaper than Chicago · Cost index: 38 vs 60

Life Power at $3,000/mo

The same salary ranks differently depending on where you live — from Beggar to King.

Head-to-Head Stats

60Cost Index38
4,800Median Income /mo2,200
60Safety Index71
4.95Income Tax %22
150Internet (Mbps)271
250Coworking /mo200

Price Breakdown

ChicagoCategoryMadrid
$2,471/month
1-BR Apartment (Center)
51% ← cheaper
$1,200/month
$1.35/liter
Meal for One
19% ← cheaper
$1.1/liter
$18/meal
Restaurant (Mid-range)
33% ← cheaper
$12/meal
$75/month
Monthly Transit Pass
36% ← cheaper
$48/month
$166/month
Utilities (Monthly)
16% ← cheaper
$140/month
$120/visit
Doctor Visit
50% ← cheaper
$60/visit

Digital Nomad Profile

Chicago

Internet150 Mbps
Coworking$250/mo
Café WiFigood
Englishhigh
Communitygrowing
Walkability77/100

Madrid

Internet271 Mbps
Coworking$200/mo
Café WiFigood
Englishmoderate
Communitygrowing
Walkability75/100

Frequently Asked Questions

Is Chicago cheaper than Madrid?

Madrid is cheaper than Chicago. Madrid has a cost of living index of 38/100 compared to 60/100 for Chicago (New York = 100), making it roughly 36% more affordable overall.

How much cheaper is Madrid than Chicago?

Madrid is approximately 36% cheaper than Chicago based on cost index scores (38 vs 60, where New York = 100). A person spending $3,000/month in Chicago could live a similar lifestyle for roughly $1,907/month in Madrid.

What is the rent comparison between Chicago and Madrid?

In Chicago, a 1-bedroom apartment in the city center costs approximately $2,471/month. In Madrid, the equivalent is around $1,200/month.

Which city is better for digital nomads — Chicago or Madrid?

Both cities have nomad infrastructure. Chicago offers 150 Mbps internet and coworking at ~$250/month. Madrid offers 271 Mbps and coworking at ~$200/month. Madrid has a cost advantage of 36%.

What is the average income in Chicago vs Madrid?

The median net monthly salary in Chicago is approximately $4,800 USD, compared to $2,200 USD in Madrid.

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