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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$2,483
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 $2,483 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 | $1,497.19 | $1,052.42 - $1,870.96 |
| 1 Bedroom Apartment Outside of CentreRent Per Month | $1,166.67 | $935.48 - $1,637.09 |
| 3 Bedroom Apartment in City CentreRent Per Month | $2,793.39 | $2,163.30 - $4,092.73 |
| 3 Bedroom Apartment Outside of CentreRent Per Month | $1,841.44 | $1,461.69 - $2,338.70 |
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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 $986 per month without rent, while a family of four requires $3,453. Renting a 1-bedroom apartment in the city centre costs an additional $1,497 on average.
Public transport prices vary, but generally, a one-way ticket for local transport in Madrid costs $2. If you are commuting regularly, a monthly pass is typically priced at $41.
The average monthly net salary (after tax) in Madrid is currently $2,566.
Dining costs depend on your choices. A meal at an inexpensive restaurant in Madrid costs approximately $18, while a three-course meal for two people at a mid-range restaurant costs around $70.
The estimated monthly cost of living in Madrid for a single person is $986, excluding rent.
For a family of four living in Madrid, the estimated monthly costs are $3,453, 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 $1,497, compared to $1,167 outside the centre. For a 3-bedroom apartment, the average is $2,793 in the centre and $1,841 in suburban areas.
Basic utilities in Madrid (including electricity, heating, cooling, water, and garbage for an 85m² apartment) cost an average of $206 per month. Internet access typically adds another $34.