Cost of Living in Madrid
Lively, sunny capital with great work-life balance; offers a relatively affordable lifestyle compared to London or Paris.
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£1,834
Average cost per month
Distribution of Expenses
Art museums & rooftop bars
High central plateau (dry)
Admin/Finance; excellent metro system
Cost of living breakdown for Madrid
Living costs in Madrid can vary. You can expect to spend around £1,834 per month for 1 person as of 2026, on common living costs such as housing, food, and transport.
Housing
Standard of Living
Food & Drink
Madrid average costs for food and drink.
Salary & Services
Madrid average salaries and services.
Average living costs in Madrid
| Item | Average price | Price range |
|---|---|---|
| 1 Bedroom Apartment in City CentreRent Per Month | £1,105.47 | £777.07 - £1,381.45 |
| 1 Bedroom Apartment Outside of CentreRent Per Month | £861.42 | £690.72 - £1,208.77 |
| 3 Bedroom Apartment in City CentreRent Per Month | £2,062.53 | £1,597.30 - £3,021.92 |
| 3 Bedroom Apartment Outside of CentreRent Per Month | £1,359.65 | £1,079.26 - £1,726.81 |
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Cities in Spain
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Frequently asked questions
The cost of living in Madrid depends on your lifestyle. On average, a single person needs £728 per month without rent, while a family of four requires £2,550. Renting a 1-bedroom apartment in the city centre costs an additional £1,105 on average.
Public transport prices vary, but generally, a one-way ticket for local transport in Madrid costs £1. If you are commuting regularly, a monthly pass is typically priced at £30.
The average monthly net salary (after tax) in Madrid is currently £1,894.
Dining costs depend on your choices. A meal at an inexpensive restaurant in Madrid costs approximately £13, while a three-course meal for two people at a mid-range restaurant costs around £52.
The estimated monthly cost of living in Madrid for a single person is £728, excluding rent.
For a family of four living in Madrid, the estimated monthly costs are £2,550, not including rent.
Rent prices in Madrid depend on the area. The average monthly rent for a 1-bedroom apartment in the city centre is £1,105, compared to £861 outside the centre. For a 3-bedroom apartment, the average is £2,063 in the centre and £1,360 in suburban areas.
Basic utilities in Madrid (including electricity, heating, cooling, water, and garbage for an 85m² apartment) cost an average of £152 per month. Internet access typically adds another £25.