City Budget Comparison
Can You Live on $1,500/month?
Mexico City vs Madrid — Budget Breakdown
Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates · April 2026
Feasibility
Mexico City
Moderate
COL+Rent: 34.8 (NYC=100)
$1,500/mo covers essentials with some leisure in Mexico City.
Madrid
Tight Budget
COL+Rent: 42.5 (NYC=100)
$1,500/mo barely covers basics in Madrid.
Budget Breakdown
| Category | Mexico City | Madrid | Diff |
|---|---|---|---|
| Rent (avg 1BR) | $841 | $856 | $15 |
| Groceries | $279 | $226 | +$53 |
| Dining Out | $159 | $155 | +$4 |
| Transportation | $29 | $28 | +$1 |
| Utilities | $65 | $107 | $42 |
| Other / Misc | $127 | $128 | $1 |
| Total | $1,500 | $1,500 | — |
Purchasing Power
Mexico City
$1,500
per month
Madrid equivalent
$1,832
per month
You'd need $1,832/mo in Madrid to match $1,500/mo in Mexico City.
Other Budget Levels
FAQ
Can I live in Mexico City on $1,500/month?
Living in Mexico City on $1,500/mo is rated "Moderate". Budget allocates ~$841 to rent, $279 to groceries, $159 to dining.
Can I live in Madrid on $1,500/month?
In Madrid, $1,500/mo is rated "Tight Budget". Allocations: $856 rent, $226 groceries, $155 dining.
Is Mexico City or Madrid cheaper?
Mexico City is generally cheaper. COL+Rent: Mexico City 34.8 vs Madrid 42.5 (NYC=100).
What is $1,500/mo in Mexico City worth in Madrid?
$1,500/mo of purchasing power in Mexico City equals ~$1,832/mo in Madrid using COL adjustment.