What is the cost of living in Madrid?

The cost of living in Madrid is 53.1% cheaper than New York City (index: 46.9). Groceries are 43.0% cheaper than NYC. Restaurants are 35.4% cheaper than NYC. A 1-bedroom apartment in the city centre costs approximately EUR 1,323 per month. Local purchasing power index is 101.7 (NYC = 100).

How much tax do you pay in Spain?

In Spain, a gross salary of EUR 50,000 per year results in approximately EUR 2,962 per month take-home pay after income tax and social contributions (effective rate: 28.9%). Use our Spain tax calculator for a personalised breakdown.

🇪🇸 Spain · #184 of 577 cities · 2026

Should I Move to Madrid?

Q: Should I move to Madrid?

Madrid, Spain has a cost of living 53.1% cheaper than New York City (index: 46.9). It is ranked #184 out of 577 cities globally. Local purchasing power is strong (index: 101.7 vs NYC = 100). Workers in Spain earning EUR 50,000 gross take home approximately EUR 2,962/month after tax. Use our salary comparison calculator to see exactly how your take-home pay would change.

53.1% cheaper than NYC, and purchasing power is strong.

Run the calculator below with your actual salary to get a personalised answer.

-53.1%

vs NYC

EUR 1,323

1-BR, city centre

EUR 2,962

Net take-home

Strong

Purchasing Power

Cost index: Numbeo, blended with Expatistan and LivingCost where available (NYC = 100) · Data from October 2026

Personalised Answer

Compare your salary: move to Madrid?

Example: EUR 50,000 gross/year in Spain → EUR 2,962/month net after tax (28.9% effective rate). Full Spain tax breakdown →

Cost breakdown: Madrid

Cost indices vs NYC = 100

Cost of Living

46.9 Expensive

Rent

33.8 Very affordable

Groceries

57.0 Moderate

Restaurants

64.6 Moderate

Purchasing Power

101.7 Strong

Rent in Madrid

1-BR, city centre EUR 1,323/mo

1-BR, outside centre EUR 1,059/mo

3-BR, city centre EUR 2,440/mo

3-BR, outside centre EUR 1,623/mo

Save by going outside centre 20% cheaper

Numbeo · 2026-10-02

Spain take-home pay

EUR 50,000 → EUR 2,962/Net take-home (28.9% effective rate, single filer)

Full Spain tax calculator →

Considering alternatives?

Cities in the same country or region with a comparable cost of living.

🇪🇸 Barcelona

Spain

CoL index 47.6

Compare Barcelona vs Madrid →

🇪🇸 Palma de Mallorca

Spain

CoL index 45.0

Compare Palma de Mallorca vs Madrid →

🇪🇸 Bilbao

Spain

CoL index 40.8

Compare Bilbao vs Madrid →

Ready to run the numbers?

Enter your salary and current city. Get exact take-home pay in Madrid after tax, in seconds.

Compare salaries → Full cost of living data

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