MadridvsHanoi
Overall
💰-35.4%
Madrid is 35.4%cheaper
Rent
🏠-56.0%
Housing is 56.0% lower
Dining
🍽️-43.5%
Restaurants 43.5% cheaper
Groceries
🛒-25.0%
Food shopping 25.0% less
Comparing the cost of living between Madrid, Spain and Hanoi, Vietnam reveals significant insights for anyone considering relocation or travel in 2025. Our comprehensive analysis shows that Madrid is more affordable than Hanoi by approximately 35.4%. This comparison covers essential living expenses including housing, food, transportation, and utilities, providing you with a complete picture of what to expect financially in each city.
Key Cost Differences
Housing costs in Madrid are higher than in Hanoi by 127%. A one-bedroom apartment in Madrid's city center costs around €1,200, while the same in Hanoi is approximately ₫12,000,000.
Dining out in Madrid is notably more expensive compared to Hanoi. An inexpensive restaurant meal costs €12 in Madrid versus ₫50,000 in Hanoi.
Public transportation in Madrid is more affordable, with monthly passes at €55 compared to ₫200,000 in Hanoi.
Purchasing power in Madrid is notably stronger, meaning residents can afford more goods and services with their local salaries compared to Hanoi.
Grocery shopping in Madrid is more expensive by approximately 33%. Basic items like milk, bread, and eggs show higher prices across the board.
Monthly Budget Breakdown
When breaking down monthly expenses, a single person in Madrid can expect to spend approximately €419 per month (excluding rent), while in Hanoi, the same lifestyle would cost around ₫4,820,000. For families, these figures increase significantly, with a family of four requiring about €1,466 monthly in Madrid versus ₫16,870,000 in Hanoi. These estimates include groceries, dining out, transportation, utilities, and entertainment, providing a realistic picture of day-to-day living costs in each city.
Detailed Cost Comparison
🏠 Housing Costs (Monthly Rent)
🍽️ Food & Dining
🛒 Groceries
🚌 Transportation
💡 Utilities & Internet
Tips for Moving Between Cities
For those considering a move from Hanoi to Madrid, the cost savings can be substantial, particularly in housing and daily expenses. However, it's important to factor in salary differences and job opportunities. Conversely, moving from Madrid to Hanoi requires careful financial planning. Consider negotiating salary adjustments that reflect the higher cost of living, and research neighborhoods outside the city center for more affordable housing options while maintaining reasonable commute times.
Quality of Life Indices
Madrid
Hanoi
Frequently Asked Questions
Is Madrid more expensive than Hanoi?
No, Madrid is approximately 35.4% cheaper than Hanoi. You'll find significant savings in housing, food, and transportation costs.
How much salary do I need in Madrid compared to Hanoi?
To maintain the same standard of living, you would need approximately 74% of your Hanoi salary when living in Madrid. For example, if you earn $50,000 in Hanoi, you'd need about $36,932 in Madrid for a comparable lifestyle.
What are the biggest cost differences between Madrid and Hanoi?
The most significant cost difference is in housing. Rent prices differ by approximately 127%, making it a major factor in your budget planning. Transportation and utilities show notable variations between the two cities.
Which city is better for expats and digital nomads?
Madrid offers better purchasing power, making it more attractive for those earning in strong currencies. However, Madrid provides lower living costs, which benefits budget-conscious travelers. Consider Madrid if you prioritize earning potential, or Hanoi for affordability.
What's a reasonable monthly budget for Madrid vs Hanoi?
In Madrid, a single person needs approximately €1,319 per month (including rent), while a family of four requires about €3,166. In Hanoi, these figures are ₫11,820,000 for singles and ₫31,870,000 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Madrid and Hanoi in 2025 shows significant differences across various expense categories. Whether you're planning a relocation for work, considering retirement options, or simply curious about living costs, understanding these differences is crucial for making informed financial decisions.
Need to calculate salary equivalence?
Find out how much you need to earn in Hanoi to maintain your lifestyle from Madrid
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