Cost of Living in Madrid
Spain • Population: 3,223,334
65
Cost Index
50
Rent Index
60
Groceries Index
70
Quality Score
Key Living Costs
Meal, Restaurant
$12
Coffee
$2.5
Monthly Transport
$54.6
Utilities (85m²)
$120
Internet (60Mbps)
$35
Fitness Club
$40
Monthly Budget Estimates
Student
Basic lifestyle, shared accommodation
$1490
Professional
Comfortable lifestyle, 1BR apartment
$2150
Family of 4
3BR apartment, childcare included
$4293
About Madrid
Madrid is a major city in Spain with a population of approximately 3,223,334 people. Located in Europe, it operates in the Europe/Madrid timezone.
The local currency is EUR, and the city offers a unique blend of cultural experiences, economic opportunities, and lifestyle options for both residents and visitors.
Quick Facts
- • Country: Spain
- • Currency: EUR
- • Timezone: Europe/Madrid
- • Coordinates: 40.4168°, -3.7038°
Cost Breakdown
🏠 Housing (Monthly)
- 1BR City Center$1200
- 1BR Outside Center$900
- 3BR City Center$2300
🍽️ Food & Dining
- Meal at Restaurant$12
- Mid-range Restaurant (2 people)$60
- Cappuccino$2.5
🚌 Transportation
- Public Transport (Monthly)$54.6
- Taxi Start$3.5
- Gasoline (1L)$1.65
Compare Madrid with Other Cities
Planning to move to Madrid?
Calculate how much you'll need to maintain your lifestyle
Use Cost CalculatorMoving to Madrid? Get Global Health Insurance
SafetyWing offers comprehensive health insurance perfect for expats and digital nomads in Spain. Cover medical emergencies, routine care, and more from just $45/month.
- • Works in Spain and 180+ countries
- • No home country restrictions
- • Monthly subscription, cancel anytime
- • Covers COVID-19 and pre-existing conditions
Get Insurance Quote
Trusted by 100,000+ nomads worldwide