Spain
Cost of Living in Madrid
Monthly expenses, rent & budget analysis — Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates
COL+Rent: 42.5Rent: 27.1Groceries: 50.2Restaurant: 45.6
Monthly Budget Estimates
Minimal
$1,350/mo
Outside-center room, basic groceries, public transit
Typical
$1,891/mo
City-center 1BR, regular groceries & dining out
Comfortable
$2,367/mo
Premium apartment, frequent dining, entertainment
Monthly Costs Breakdown
| Category | Cost (USD) |
|---|---|
| Rent (1BR City Center) | $1,203 |
| Rent (1BR Outside Center) | $922 |
| Groceries (monthly) | $280 |
| Restaurant Meal | $16 |
| Transit Pass (monthly) | $35 |
| Utilities (monthly) | $133 |
Source: Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates · Reviewed April 2026
Can You Afford Madrid?
Compare Madrid with other cities at specific budget levels:
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Frequently Asked Questions
How much does it cost to live in Madrid?
A minimal monthly budget in Madrid is approximately $1,350, a typical budget is $1,891, and a comfortable lifestyle costs around $2,367 per month.
How much is rent in Madrid?
A 1-bedroom apartment in Madrid city center costs approximately $1,203/month. Outside the center, expect around $922/month.
Is Madrid expensive compared to New York?
Madrid's COL+Rent Index is 42.5 compared to New York's 100, meaning Madrid is about 58% cheaper than NYC overall.
What is the average grocery cost in Madrid?
Monthly groceries in Madrid cost approximately $280. The city's Groceries Index is 50.2 (NYC = 100).