Florence vs Madrid

Cost of living comparison for 2026. Florence is roughly 3% more affordable than Madrid (index 38 vs 39, New York = 100). Data sourced live via AI — updated regularly.

Florence
More affordable overall
3% cheaper than Madrid · Cost index: 38 vs 39

Life Power at $3,000/mo

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

Head-to-Head Stats

38✓Cost Index39
2,105Median Income /mo2,200✓
72✓Safety Index71
27Income Tax %25✓
70Internet (Mbps)200✓
215Coworking /mo200✓

Price Breakdown

FlorenceCategoryMadrid
$1,354/month
1-BR Apartment (Center)
1% cheaper →
$1,370/month
$1.7/liter
Meal for One
29% ← cheaper
$1.2/liter
$16/meal
Restaurant (Mid-range)
6% cheaper →
$17/meal
$50/month
Monthly Transit Pass
34% cheaper →
$76/month
$221/month
Utilities (Monthly)
1% cheaper →
$224/month
$90/visit
Doctor Visit
3% ← cheaper
$87/visit

Digital Nomad Profile

Florence

Internet70 Mbps
Coworking$215/mo
Café WiFigood
Englishmoderate
Communitygrowing
Walkability88/100

Madrid

Internet200 Mbps
Coworking$200/mo
Café WiFigood
Englishmoderate
Communitygrowing
Walkability74/100

Frequently Asked Questions

Is Florence cheaper than Madrid?

Florence is cheaper than Madrid. Florence has a cost of living index of 38/100 compared to 39/100 for Madrid (New York = 100), making it roughly 3% more affordable overall.

How much cheaper is Florence than Madrid?

Florence is approximately 3% cheaper than Madrid based on cost index scores (38 vs 39, where New York = 100). A person spending $3,000/month in Madrid could live a similar lifestyle for roughly $2,914/month in Florence.

What is the rent comparison between Florence and Madrid?

In Florence, a 1-bedroom apartment in the city center costs approximately $1,354/month. In Madrid, the equivalent is around $1,370/month.

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

Both cities have nomad infrastructure. Florence offers 70 Mbps internet and coworking at ~$215/month. Madrid offers 200 Mbps and coworking at ~$200/month. Florence has a cost advantage of 3%.

What is the average income in Florence vs Madrid?

The median net monthly salary in Florence is approximately $2,105 USD, compared to $2,200 USD in Madrid.

Compare Florence with…

Popular head-to-heads — see exactly where Florence wins or loses.

Cities that cost about the same as Florence

Same spending tier, different part of the world — the head-to-heads people actually weigh when relocating.

Explore this comparison interactively

See radar charts, detailed category breakdowns, and compare any two cities in real time.

Free to start · No credit card needed