Madrid vs Florence

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

39Cost Index38✓
2,200✓Median Income /mo2,105
71Safety Index72✓
25✓Income Tax %27
200✓Internet (Mbps)70
200✓Coworking /mo215

Price Breakdown

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

Digital Nomad Profile

Madrid

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

Florence

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

Frequently Asked Questions

Is Madrid cheaper than Florence?

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 Madrid and Florence?

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

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

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

What is the average income in Madrid vs Florence?

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

Compare Madrid with…

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

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