Funchal vs Madrid

Cost of living comparison for 2026. Funchal is roughly 40% more affordable than Madrid (index 23 vs 39, New York = 100). Data sourced live via AI — updated regularly.

Funchal
More affordable overall
40% cheaper than Madrid · Cost index: 23 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

23✓Cost Index39
1,371Median Income /mo2,200✓
82✓Safety Index71
25Income Tax %25
150Internet (Mbps)200✓
200Coworking /mo200

Price Breakdown

FunchalCategoryMadrid
$1,562/month
1-BR Apartment (Center)
12% ← cheaper
$1,370/month
$1.1/liter
Meal for One
8% cheaper →
$1.2/liter
$10/meal
Restaurant (Mid-range)
41% cheaper →
$17/meal
$35/month
Monthly Transit Pass
54% cheaper →
$76/month
$127/month
Utilities (Monthly)
43% cheaper →
$224/month
$60/visit
Doctor Visit
31% cheaper →
$87/visit

Digital Nomad Profile

Funchal

Internet150 Mbps
Coworking$200/mo
Café WiFigood
Englishmoderate
Communitygrowing
Walkability72/100

Madrid

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

Frequently Asked Questions

Is Funchal cheaper than Madrid?

Funchal is cheaper than Madrid. Funchal has a cost of living index of 23/100 compared to 39/100 for Madrid (New York = 100), making it roughly 40% more affordable overall.

How much cheaper is Funchal than Madrid?

Funchal is approximately 40% cheaper than Madrid based on cost index scores (23 vs 39, where New York = 100). A person spending $3,000/month in Madrid could live a similar lifestyle for roughly $1,800/month in Funchal.

What is the rent comparison between Funchal and Madrid?

In Funchal, a 1-bedroom apartment in the city center costs approximately $1,562/month. In Madrid, the equivalent is around $1,370/month.

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

Both cities have nomad infrastructure. Funchal offers 150 Mbps internet and coworking at ~$200/month. Madrid offers 200 Mbps and coworking at ~$200/month. Funchal has a cost advantage of 40%.

What is the average income in Funchal vs Madrid?

The median net monthly salary in Funchal is approximately $1,371 USD, compared to $2,200 USD in Madrid.

Compare Funchal with…

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