Funchal vs Madrid

Cost of living comparison for 2026. Funchal is roughly 29% more affordable than Madrid (index 27 vs 38, New York = 100). Data sourced live via AI — updated regularly.

Funchal
More affordable overall
29% cheaper than Madrid · Cost index: 27 vs 38

Head-to-Head Stats

FunchalvsMadrid
27✓Cost Index38
1,750Median Income /mo3,150✓
78✓Safety Index65
23✓Income Tax %25
75Internet (Mbps)95✓
180✓Coworking /mo250

Price Breakdown

FunchalCategoryMadrid
$1,260/month
1-BR Apartment (Center)
4% ← cheaper
$1,210/month
$1/liter
Meal for One
$1/liter
$8.25/meal
Restaurant (Mid-range)
45% cheaper →
$15/meal
$58/month
Monthly Transit Pass
3% cheaper →
$60/month
$120/month
Utilities (Monthly)
27% cheaper →
$165/month
$70/visit
Doctor Visit
$70/visit

Digital Nomad Profile

Funchal

Internet75 Mbps
Coworking$180/mo
Café WiFigood
Englishmoderate
Communitygrowing
Walkability72/100

Madrid

Internet95 Mbps
Coworking$250/mo
Café WiFiexcellent
Englishmoderate
Communitylarge
Walkability82/100

Frequently Asked Questions

Is Funchal cheaper than Madrid?

Funchal is cheaper than Madrid. Funchal has a cost of living index of 27/100 compared to 38/100 for Madrid (New York = 100), making it roughly 29% more affordable overall.

How much cheaper is Funchal than Madrid?

Funchal is approximately 29% cheaper than Madrid based on cost index scores (27 vs 38, where New York = 100). A person spending $3,000/month in Madrid could live a similar lifestyle for roughly $2,118/month in Funchal.

What is the rent comparison between Funchal and Madrid?

In Funchal, a 1-bedroom apartment in the city center costs approximately $1,260/month. In Madrid, the equivalent is around $1,210/month.

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

Both cities have nomad infrastructure. Funchal offers 75 Mbps internet and coworking at ~$180/month. Madrid offers 95 Mbps and coworking at ~$250/month. Funchal has a cost advantage of 29%.

What is the average income in Funchal vs Madrid?

The median net monthly salary in Funchal is approximately $1,750 USD, compared to $3,150 USD in Madrid.

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