Lima vs Madrid

Cost of living comparison for 2026. Lima is roughly 54% more affordable than Madrid (index 18 vs 39, New York = 100). Data sourced live via AI — updated regularly.

Lima
More affordable overall
54% cheaper than Madrid · Cost index: 18 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

18✓Cost Index39
850Median Income /mo2,200✓
50Safety Index71✓
15✓Income Tax %25
120Internet (Mbps)200✓
180✓Coworking /mo200

Price Breakdown

LimaCategoryMadrid
$702/month
1-BR Apartment (Center)
49% cheaper →
$1,370/month
$1.39/liter
Meal for One
14% ← cheaper
$1.2/liter
$10/meal
Restaurant (Mid-range)
41% cheaper →
$17/meal
$25/month
Monthly Transit Pass
67% cheaper →
$76/month
$67/month
Utilities (Monthly)
70% cheaper →
$224/month
$60/visit
Doctor Visit
31% cheaper →
$87/visit

Digital Nomad Profile

Lima

Internet120 Mbps
Coworking$180/mo
Café WiFigood
Englishmoderate
Communitygrowing
Walkability68/100

Madrid

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

Frequently Asked Questions

Is Lima cheaper than Madrid?

Lima is cheaper than Madrid. Lima has a cost of living index of 18/100 compared to 39/100 for Madrid (New York = 100), making it roughly 54% more affordable overall.

How much cheaper is Lima than Madrid?

Lima is approximately 54% cheaper than Madrid based on cost index scores (18 vs 39, where New York = 100). A person spending $3,000/month in Madrid could live a similar lifestyle for roughly $1,371/month in Lima.

What is the rent comparison between Lima and Madrid?

In Lima, a 1-bedroom apartment in the city center costs approximately $702/month. In Madrid, the equivalent is around $1,370/month.

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

Both cities have nomad infrastructure. Lima offers 120 Mbps internet and coworking at ~$180/month. Madrid offers 200 Mbps and coworking at ~$200/month. Lima has a cost advantage of 54%.

What is the average income in Lima vs Madrid?

The median net monthly salary in Lima is approximately $850 USD, compared to $2,200 USD in Madrid.

Compare Lima with…

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

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