City Budget Comparison
Can You Live on $1,500/month?
Madrid vs Mexico City — Budget Breakdown
Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates · April 2026
Feasibility
Madrid
Tight Budget
COL+Rent: 42.5 (NYC=100)
$1,500/mo barely covers basics in Madrid.
Mexico City
Moderate
COL+Rent: 34.8 (NYC=100)
$1,500/mo covers essentials with some leisure in Mexico City.
Budget Breakdown
| Category | Madrid | Mexico City | Diff |
|---|---|---|---|
| Rent (avg 1BR) | $856 | $841 | +$15 |
| Groceries | $226 | $279 | $53 |
| Dining Out | $155 | $159 | $4 |
| Transportation | $28 | $29 | $1 |
| Utilities | $107 | $65 | +$42 |
| Other / Misc | $128 | $127 | +$1 |
| Total | $1,500 | $1,500 | — |
Purchasing Power
Madrid
$1,500
per month
Mexico City equivalent
$1,228
per month
Only $1,228/mo in Mexico City matches $1,500/mo in Madrid — better value.
Other Budget Levels
FAQ
Can I live in Madrid on $1,500/month?
Living in Madrid on $1,500/mo is rated "Tight Budget". Budget allocates ~$856 to rent, $226 to groceries, $155 to dining.
Can I live in Mexico City on $1,500/month?
In Mexico City, $1,500/mo is rated "Moderate". Allocations: $841 rent, $279 groceries, $159 dining.
Is Madrid or Mexico City cheaper?
Mexico City is generally cheaper. COL+Rent: Madrid 42.5 vs Mexico City 34.8 (NYC=100).
What is $1,500/mo in Madrid worth in Mexico City?
$1,500/mo of purchasing power in Madrid equals ~$1,228/mo in Mexico City using COL adjustment.