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Plaza Mayor in Madrid

Madrid

By Joshua Wood, LPC

Last updated on Jun 04, 2023

Summary: The approximate population of Madrid, Spain is 3.2 million people. People describe Madrid as a vibrant, cosmopolitan city with a rich cultural heritage. Expats love living in Madrid for its lively atmosphere, great food, and friendly people. The weather in Madrid is generally mild with temperatures ranging from an average low of 40°F (4°C) in the winter to an average high of 86°F (30°C) in the summer. The average cost of living in Madrid for an expat is around $2,000 per month. The cost of a one bedroom apartment in Madrid is around $1,000 per month, while a two bedroom apartment is around $1,500 per month.

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What do I need to know about living in Madrid?

When we asked people what advice they would give someone preparing to move to Madrid, they said:

"Before retiring in Madrid, expats should familiarize themselves with the local language, Spanish. It is also important to research the cost of living in Madrid, as it can be quite expensive. Additionally, expats should research the healthcare system in Madrid, as well as the availability of public transportation. It is also important to research the local culture and customs, as well as the climate in Madrid. Finally, expats should research the visa requirements for living in Madrid, as well as the process for obtaining residency," remarked one expat who made the move to Madrid.

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Take the hassle out of buying property in Spain! Expat Estate is a bespoke buyer advisory firm helping foreign nationals purchase property in Spain. Providing end-to-end services from property search and acquisition to legals, mortgage broking, property management and support with Golden Visas, Expat Estate takes the stress out of home ownership in Spain.
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What do I need to know before moving to Madrid?

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About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Plaza Mayor in Madrid

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Expat Estate helps foreigners buy their Spanish dream home, hassle free. With end-to-end services from property search and acquisition to legals, mortgage broking, and Golden Visas….all your bases are covered.
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Expat EstateExpat Estate

Expat Estate helps foreigners buy their Spanish dream home, hassle free. With end-to-end services from property search and acquisition to legals, mortgage broking, and Golden Visas….all your bases are covered.
Get Quote

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