MadridvsShanghai
Overall
💰0.0%
Madrid is 0.0%same cost
Rent
🏠+8.3%
Housing is 8.3% higher
Dining
🍽️-27.6%
Restaurants 27.6% cheaper
Groceries
🛒+17.2%
Food shopping 17.2% more
Comparing the cost of living between Madrid, Spain and Shanghai, China reveals significant insights for anyone considering relocation or travel in 2026. Our comprehensive analysis shows that Madrid is similarly priced than Shanghai. 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 lower than in Shanghai by 8%. A one-bedroom apartment in Madrid's city center costs around €1,320, while the same in Shanghai is approximately CN¥9,050.
Dining out in Madrid is notably more expensive compared to Shanghai. An inexpensive restaurant meal costs €14 in Madrid versus CN¥35 in Shanghai.
Public transportation in Madrid is more affordable, with monthly passes at €56 compared to CN¥280 in Shanghai.
Purchasing power in Madrid is notably stronger, meaning residents can afford more goods and services with their local salaries compared to Shanghai.
Grocery shopping in Madrid is more affordable by approximately 15%. Basic items like milk, bread, and eggs show lower prices across the board.
Monthly Budget Breakdown
When breaking down monthly expenses, a single person in Madrid can expect to spend approximately €472 per month (excluding rent), while in Shanghai, the same lifestyle would cost around CN¥2,279. For families, these figures increase significantly, with a family of four requiring about €1,652 monthly in Madrid versus CN¥7,977 in Shanghai. 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 Shanghai 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 Shanghai 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
Shanghai
Frequently Asked Questions
Is Madrid more expensive than Shanghai?
The cost of living in Madrid and Shanghai is relatively similar, with only minor differences in specific categories. Your actual expenses will depend on your lifestyle choices.
How much salary do I need in Madrid compared to Shanghai?
To maintain the same standard of living, you would need approximately 100% of your Shanghai salary when living in Madrid. For example, if you earn $50,000 in Shanghai, you'd need about $50,000 in Madrid for a comparable lifestyle.
What are the biggest cost differences between Madrid and Shanghai?
The most significant cost difference is in dining out. Restaurant prices vary by about 38%, which can significantly impact your entertainment budget. 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, Shanghai provides lower living costs, which benefits budget-conscious travelers. Consider Madrid if you prioritize earning potential, or Shanghai for affordability.
What's a reasonable monthly budget for Madrid vs Shanghai?
In Madrid, a single person needs approximately €1,452 per month (including rent), while a family of four requires about €3,502. In Shanghai, these figures are CN¥7,379 for singles and CN¥19,477 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Madrid and Shanghai in 2026 shows moderate 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 Shanghai to maintain your lifestyle from Madrid
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