Cost of Living in Madrid
Spain • Pop: 3.2M
Madrid offers affordable European capital living with excellent climate.
Affordable capitalGreat weatherNightlifeCentral location
Cost
Index
Index
68
Rent
Index
Index
58
Avg Net Salary
$1,978/mo
Cost Breakdown vs NYC (Index 100)
Overall Cost
68
32% cheaperRent
58
42% cheaperGroceries
72
28% cheaperRestaurants
65
35% cheaperTransport
75
25% cheaperUtilities
82
18% cheaperSalary Equivalence
How much you'd need to earn in Madrid to match a NYC salary
| NYC Salary | Equivalent in Madrid | Difference |
|---|---|---|
| $50,000 | $34,000 | Save $16,000 |
| $75,000 | $51,000 | Save $24,000 |
| $100,000 | $68,000 | Save $32,000 |
| $125,000 | $85,000 | Save $40,000 |
| $150,000 | $102,000 | Save $48,000 |
| $200,000 | $136,000 | Save $64,000 |
Living in Madrid: What to Expect
Madrid has a cost of living index of 68, meaning it is 32% cheaper than NYC in overall living costs.
The average net monthly salary in Madrid is approximately €2,300 ($1,978 when converted to USD).
Cost Breakdown
- Rent: Index of 58
- Groceries: Index of 72
- Restaurants: Index of 65
- Transport: Index of 75
- Utilities: Index of 82
Key highlights: Affordable capital, Great weather, Nightlife, Central location.
Use our US salary calculator to see your take-home pay, or compare with other cities.