Toronto vs Madrid

Cost of living comparison for 2026. Madrid is roughly 13% more affordable than Toronto (index 38 vs 44, New York = 100). Data sourced live via AI — updated regularly.

Madrid
More affordable overall
13% cheaper than Toronto · Cost index: 38 vs 44

Head-to-Head Stats

TorontovsMadrid
44Cost Index38✓
3,450✓Median Income /mo3,150
82✓Safety Index65
31Income Tax %25✓
95Internet (Mbps)95
350Coworking /mo250✓

Price Breakdown

TorontoCategoryMadrid
$1,456/month
1-BR Apartment (Center)
17% ← cheaper
$1,210/month
$2.1/liter
Meal for One
52% ← cheaper
$1/liter
$20/meal
Restaurant (Mid-range)
25% ← cheaper
$15/meal
$170/month
Monthly Transit Pass
65% ← cheaper
$60/month
$180/month
Utilities (Monthly)
8% ← cheaper
$165/month
$0/visit
Doctor Visit
$70/visit

Digital Nomad Profile

Toronto

Internet95 Mbps
Coworking$350/mo
Café WiFiexcellent
Englishhigh
Communitylarge
Walkability78/100

Madrid

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

Frequently Asked Questions

Is Toronto cheaper than Madrid?

Madrid is cheaper than Toronto. Madrid has a cost of living index of 38/100 compared to 44/100 for Toronto (New York = 100), making it roughly 13% more affordable overall.

How much cheaper is Madrid than Toronto?

Madrid is approximately 13% cheaper than Toronto based on cost index scores (38 vs 44, where New York = 100). A person spending $3,000/month in Toronto could live a similar lifestyle for roughly $2,615/month in Madrid.

What is the rent comparison between Toronto and Madrid?

In Toronto, a 1-bedroom apartment in the city center costs approximately $1,456/month. In Madrid, the equivalent is around $1,210/month.

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

Both cities have nomad infrastructure. Toronto offers 95 Mbps internet and coworking at ~$350/month. Madrid offers 95 Mbps and coworking at ~$250/month. Madrid has a cost advantage of 13%.

What is the average income in Toronto vs Madrid?

The median net monthly salary in Toronto is approximately $3,450 USD, compared to $3,150 USD in Madrid.

Compare Toronto with…

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

TorontovsBarcelonaTorontovsDubaiTorontovsBerlinTorontovsLisbonTorontovsTokyoTorontovsPorto
Or explore:BarcelonaDubaiBerlinLisbonTokyoPorto

Explore this comparison interactively

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

Open Interactive Comparison →Compare other cities

Free to start · No credit card needed

Full Toronto breakdown →Full Madrid breakdown →