6.0% above the Spain average
Ranked #251 of 538 cities · More expensive than 53.3% of cities worldwide
Compared to Spain average
Rent Prices
| Apartment | City Centre | Outside Centre | You Save |
|---|---|---|---|
| 1-Bedroom | EUR 1,288/mo ≈ $1,488 | EUR 996/mo ≈ $1,151 | 23% |
| 3-Bedroom | EUR 2,384/mo ≈ $2,755 | EUR 1,540/mo ≈ $1,779 | 23% |
Madrid has a composite cost index of 48.0 from 4 independent data sources.
Based on 93 country PLI x 1.157 city factor
Madrid is average by global standards (ranked #251 of 538 cities). It is 6.0% more expensive than the Spain average, based on 12 cities.
Groceries are average, while dining out is average. Restaurants offers the best value, while Rent is the priciest.
Local purchasing power is limited — residents can afford fewer goods and services than in most cities.
Workers in Spain earning EUR 50,000 gross take home EUR 2,963/month after tax (28.9% effective rate). See full Spain tax calculator →
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