Cost of Living in Madrid, Spain

Summary: The cost of living in Madrid, Spain is generally considered to be quite reasonable. A nice one bedroom apartment in Madrid can cost anywhere from $800 to $1,500 per month, while a nice two bedroom apartment can cost from $1,200 to $2,000 per month. The cost of dinner at a moderately priced restaurant in Madrid is usually around $20 per person.

Is the cost of living in Madrid high?

We asked people how much they someone comfortably live on in Madrid, they wrote:

"The cost of living in Madrid is generally considered to be quite reasonable. Prices for basic necessities such as food, transportation, and housing are generally lower than in other major European cities. However, the cost of living can vary depending on the area of the city and the lifestyle of the individual. For example, living in the city center can be more expensive than living in the suburbs. Additionally, the cost of entertainment and leisure activities can also vary depending on the individual's preferences," said one expat in Madrid.

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Will I save money living in Madrid?

"Living in Madrid can be more affordable than living in the United States. The cost of living in Madrid is generally lower than in the US, with rent, groceries, and transportation being significantly cheaper. Additionally, the cost of entertainment and leisure activities is often lower in Madrid than in the US. As a result, many people find that they can save money by living in Madrid compared to the US," remarked one expat in Madrid.

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What is the average cost of housing in Madrid?

If you are thinking about moving to Madrid, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Madrid is generally quite high. Renting an apartment in the city center can be expensive, with prices ranging from around €800 to €1,500 per month. Outside of the city center, prices tend to be lower, with apartments costing around €500 to €800 per month," remarked one expat in Madrid.

"Way lower, I am paying 400 euro for my small place in the center and my friend is paying 500euro for his huge place near me. His apartment would probably run for about 1000euro or more in DC," explained one expat living in Madrid.

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What are typical rental prices for expats in Madrid?

"The rental price for a nice 1 bedroom apartment in Madrid, can range from around $1,000 to $1,500 per month. For a nice 2 bedroom apartment, the rental price can range from around $1,500 to $2,000 per month," commented one expat who moved to Madrid.

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What appliances are typically included in a rental?

We asked foreigners in Madrid what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Madrid typically include a refrigerator, stove, oven, washing machine, and dishwasher. Additionally, some properties may include a microwave, toaster, and coffee maker," wrote one expat.

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Cost of Living in Madrid

Is the cost of living in Madrid high?

Will I save money living in Madrid?

What is the average cost of housing in Madrid?

What are typical rental prices for expats in Madrid?

What appliances are typically included in a rental?

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