Cost of Living in Madrid. Updated Prices Jan 2021.

Cost of living in Madrid, Spain

Summary of cost of living in Madrid

  • Family of four estimated monthly costs: €3,402
  • Single person estimated monthly costs: €1,783
  • Madrid is the most expensive city in Spain (1 out of 10)
  • Cost of living in Madrid is cheaper than in 63% of cities in Western Europe (32 out of 51)
  • Cost of living in Madrid is more expensive than in 56% of cities in the World (88 out of 199)

List of prices in Madrid, Spain. Current as of Jan 2021.

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Food [Edit]
Basic lunchtime menu (including a drink) in the business district €14
Combo meal in fast food restaurant (big mac meal or similar) €8
500 gr (1 lb.) of boneless chicken breast €3.49
1 liter (1 qt.) of whole fat milk €0.80
12 eggs, large €2.37
1 kg (2 lb.) of tomatoes €1.64
500 gr (16 oz.) of local cheese €5.83
1 kg (2 lb.) of apples €1.67
1 kg (2 lb.) of potatoes €1.28
0.5 l (16 oz) domestic beer in the supermarket €0.89
1 bottle of red table wine, good quality €7
2 liters of coca-cola €1.56
Bread for 2 people for 1 day €0.76
Housing [Edit]
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area €1,423
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area €1,005
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat €143
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area €1,043
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area €723
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio €95
Internet 8 mbps (1 month) €33
40” flat screen tv €348
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) €99
Laundry detergent (3 l. ~ 100 oz.) €7
Hourly rate for cleaning help €10
Clothes [Edit]
1 pair of jeans (levis 501 or similar) €77
1 summer dress in a high street store (zara, h&m or similar retailers) €30
1 pair of sport shoes (nike, adidas, or equivalent brands) €73
1 pair of men’s leather business shoes €84
Transportation [Edit]
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new €25,044
1 liter (1/4 gallon) of gas €1.34
Monthly ticket public transport €54
Taxi trip on a business day, basic tariff, 8 km. (5 miles) €15
Personal Care [Edit]
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) €7
1 box of antibiotics (12 doses) €8
Short visit to private doctor (15 minutes) €55
1 box of 32 tampons (tampax, ob, ...) €4.07
Deodorant, roll-on (50ml ~ 1.5 oz.) €2.42
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) €2.93
4 rolls of toilet paper €1.24
Tube of toothpaste €1.75
Standard men's haircut in expat area of the city €17
Entertainment [Edit]
Basic dinner out for two in neighborhood pub €29
2 tickets to the movies €18
2 tickets to the theater (best available seats) €57
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert €46
1 cocktail drink in downtown club €11
Cappuccino in expat area of the city €2.96
1 beer in neighbourhood pub (500ml or 1pt.) €4.35
Ipad wi-fi 128gb €537
1 min. of prepaid mobile tariff (no discounts or plans) €0.33
1 month of gym membership in business district €51
1 package of marlboro cigarettes €5.09
These prices are based on abundant and consistent data. They are very reliable. They are based on 2,283 prices entered by 390 different people.
Latest price update: January 18, 2021

Moving to Madrid with your children?

International Schools in Madrid

Madrid position in our World Ranking

the world
88th
out of 199
western europe
32nd
out of 51
spain
1st
out of 10

Cheapest and most expensive products in Madrid compared to other cities:

western europe
3rd
western europe
4th
spain
1st
spain
1st
spain
1st
spain
1st

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International Cost of Living Index

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