Cost of Living in Madrid, Spain

Prices in Spain — Madrid + 22 more cities, Updated March 2026

Very Expensive
1 EUR = 1.14 USD Rate updated July 21, 2026
EUR / USD →
🍜 $21.2 18.6 EUR Business Lunch (incl. drink)
$4.84 4.24 EUR Cappuccino
🚌 $47.2 41.3 EUR Monthly Transport Pass
🏠 $1,104 965.8 EUR Studio 45m² (normal area)

How much does it cost to live in Madrid alone?

1 person
$1,914
≈ €1,675

To live in Madrid on a moderate budget, you'll need around $1,914/month. That covers renting a studio in a normal area ($1,104), weekday lunches out ($425), weekend casual meals ($104), a daily coffee, tea, or other cheap drinks ($145), a monthly transit pass ($47), and a few taxi rides ($90). No gym, no dining out every night — just everyday life.

How much does it cost to live in Madrid for two?

2 persons
$3,381 ≈ €2,959

If there are two of you, plan on around $3,381 ≈ €2,959/month — a proper apartment ($1,761), meals and daily drinks for both, two transit passes, and more taxi rides.

What does it cost to raise a family in Madrid?

Family
$3,697 ≈ €3,234

With a child, the total comes to around $3,697 ≈ €3,234/month. Kids eat less, rarely pay for transit, but you'll need more taxi rides and little extras add up fast. School fees not included.

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Food & Drinks

How much does eating out cost in Madrid?

13
Item USD $ EUR €
🍽️ Business Lunch (incl. drink) $21.2 18.6 EUR
🍔 Fast Food Combo Meal $13 11.3 EUR
🍗 Chicken Breast (500g) $4.88 4.27 EUR
🥛 Milk (1L) $1.23 1.08 EUR
🥚 Eggs (12) $4.76 4.17 EUR
🍅 Tomatoes (1kg) $3.04 2.66 EUR
🧀 Local Cheese (500g) $10.6 9.28 EUR
🍎 Apples (1kg) $3.46 3.03 EUR
🥔 Potatoes (1kg) $2.79 2.44 EUR
🍺 Beer 0.5L (supermarket) $1.38 1.21 EUR
🍷 Wine Bottle (red, table) $14.2 12.4 EUR
🥤 Coca-Cola (2L) $2.65 2.32 EUR
🍞 Bread (2 people, 1 day) $1.16 1.02 EUR
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Rent & Housing

How much is rent in Madrid?

11
Item USD $ EUR €
🏢 Rent 85m² (expensive area) $2,494 2,182 EUR
🏠 Rent 85m² (normal area) $1,761 1,541 EUR
💡 Utilities 85m² (2 persons) $135.6 118.7 EUR
🏢 Studio 45m² (expensive) $1,705 1,492 EUR
🏠 Studio 45m² (normal area) $1,104 965.8 EUR
💡 Utilities 45m² (1 person) $106.1 92.9 EUR
📶 Internet (monthly) $29.5 25.8 EUR
📺 TV 40" Flat Screen $501.2 438.5 EUR
🔲 Microwave (800/900W) $113.2 99.1 EUR
🧴 Laundry Detergent (3L) $14.2 12.4 EUR
🧹 Cleaning Help (per hour) $15.3 13.4 EUR
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Clothing & Shoes

How much do clothes cost in Madrid?

4
Item USD $ EUR €
👖 Jeans (Levis 501) $113.2 99.1 EUR
👗 Summer Dress (Zara, H&M) $51.9 45.4 EUR
👟 Sport Shoes (Nike, Adidas) $116.8 102.2 EUR
👞 Leather Business Shoes $130.9 114.5 EUR
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Transportation

How much does transport cost in Madrid?

4
Item USD $ EUR €
🚗 VW Golf (new) $36,089 31,578 EUR
Gasoline (1L) $1.82 1.59 EUR
🎫 Monthly Transport Pass $47.2 41.3 EUR
🚕 Taxi Trip (8km) $22.4 19.6 EUR
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Healthcare

How much does healthcare cost in Madrid?

3
Item USD $ EUR €
💊 Cold Medicine (6 days) $9.43 8.25 EUR
💉 Antibiotics (12 doses) $9.43 8.25 EUR
🏥 Doctor Visit (15 min) $70.8 61.9 EUR
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Personal Care

How much does personal care cost in Madrid?

6
Item USD $ EUR €
🧻 Tampons (32 pcs) $4.81 4.21 EUR
🧴 Deodorant (50ml) $3.37 2.95 EUR
🧴 Shampoo (400ml) $4.06 3.55 EUR
🧻 Toilet Paper (4 rolls) $2.62 2.29 EUR
🪥 Toothpaste $2.84 2.49 EUR
💇 Men's Haircut $27.1 23.7 EUR
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Entertainment & Leisure

How much does entertainment cost in Madrid?

11
Item USD $ EUR €
🍺 Dinner for 2 (pub) $48.4 42.3 EUR
🎬 Cinema (2 tickets) $25.9 22.7 EUR
🎭 Theater (2 tickets, best) $60.1 52.6 EUR
🍝 Italian Dinner for 2 (full) $70.8 61.9 EUR
🍸 Cocktail (downtown) $16.5 14.4 EUR
Cappuccino $4.84 4.24 EUR
🍺 Beer in Pub (500ml) $6.30 5.51 EUR
📱 iPad Wi-Fi 128GB $588.5 514.9 EUR
📱 Mobile (1 min, prepaid) $0.31 0.27 EUR
🏋️ Gym Membership (monthly) $64.9 56.8 EUR
🚬 Marlboro Cigarettes $7.08 6.20 EUR
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Prices by City

Which city in Spain is the cheapest to live in?

Madrid ★ Barcelona San Sebastian Palma de Mallorca Malaga Cadiz
🍽️ Business Lunch (incl. drink) $21.2 18.6 EUR $20.1 17.5 EUR $28.3 24.8 EUR $23.6 20.6 EUR $20.1 17.5 EUR $17.7 15.5 EUR
☕ Cappuccino $4.84 4.24 EUR $3.77 3.30 EUR $3.40 2.98 EUR $4.58 4.01 EUR $3.90 3.41 EUR $2.94 2.57 EUR
🍺 Beer in Pub (500ml) $6.30 5.51 EUR $8.25 7.22 EUR $4.89 4.28 EUR $5.41 4.73 EUR $5.44 4.76 EUR $6.10 5.34 EUR
🎫 Monthly Transport Pass $47.2 41.3 EUR $29.5 25.8 EUR $47.2 41.3 EUR $35.4 31 EUR $36.6 32 EUR $38.9 34.1 EUR
🏢 Studio 45m² (expensive) $1,705 1,492 EUR $1,515 1,326 EUR $1,281 1,121 EUR $1,581 1,384 EUR $1,302 1,139 EUR $988.2 864.7 EUR
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All Cities in Spain

Average cost of living in other cities

Dmitriy
Verified by Dmitriy
Know.Travel founder · traveler, more than 80 countries

Spain surprises you with wild price swings - from the snowy north to the Mediterranean south, you can find everything from dirt-cheap to ultra-luxury in one country. Valencia's your most affordable spot ($931/month), Palma de Mallorca hits the ceiling ($2,044/month), and most cities sit around $1,405/month. Spanish siesta isn't just a habit - it's written into law, so life moves noticeably slower than up north in Scandinavia. Here's the kicker - August is when Spain empties out for vacation. Rent prices skyrocket, shops close up, and locals hit the beach.