Capital city in Community of Madrid, Spain
Cost of living in Madrid
How much a month costs in Madrid
For one person, including rent. A comfortable month costs about $2,480–3,380 (€2,200–3,000).
Prices in Madrid
Typical 2026 ranges in EUR, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | EUR | US$ |
|---|---|---|
| Housing | ||
| 1-bedroom apartment, center (month) | €1,100–1,800 | $1,240–2,030 |
| 1-bedroom apartment, outside center (month) | €800–1,200 | $900–1,350 |
| Hostel dorm bed (night) | €22–45 | $25–51 |
| Mid-range hotel room (night) | €90–180 | $101–203 |
| Food and drink | ||
| Local meal or street food | €10–14 | $11.3–15.8 |
| Mid-range restaurant, per person | €20–35 | $23–39 |
| Cappuccino | €2–4 | $2.3–4.5 |
| Local beer, 0.5 l in a bar | €3–6 | $3.4–6.8 |
| Getting around | ||
| Public transport, one ride | €2–3 | $2.3–3.4 |
| Ride-hailing or taxi, about 5 km | €8–14 | $9.0–15.8 |
| Work and life | ||
| Coworking day pass | €15–30 | $17–34 |
| Gym membership (month) | €30–70 | $34–79 |
| Mobile data, 20–50 GB (month) | €10–25 | $11–28 |
Value for money: 25/100
A value score of 25/100 means Madrid gives more quality of life per dollar than 24% of the 1,319 places we cover. Quality here scores 75/100. It's the 28th most affordable of 37 places we cover in Spain.
| Quality factor | Score |
|---|---|
| Safety | |
| Air quality | |
| Internet | |
| Healthcare | |
| Weather | |
| Friendly locals | |
| English |
Cost of living across Spain
One person, comfortable lifestyle, including rent.
| Place | Comfortable month | Value |
|---|---|---|
| Salamanca | $1,460–2,140 | 71/100 |
| Santiago de Compostela | $1,580–2,250 | 66/100 |
| Granada | $1,690–2,360 | 57/100 |
| Córdoba | $1,690–2,360 | 60/100 |
| Toledo | $1,690–2,360 | 62/100 |
| Cádiz | $1,690–2,480 | 56/100 |
| Benidorm | $1,690–2,480 | 58/100 |
| Seville | $1,910–2,700 | 47/100 |
| Gran Canaria | $1,910–2,700 | 52/100 |
| Las Palmas | $1,910–2,700 | 51/100 |
| Alicante | $1,910–2,700 | 45/100 |
| Fuerteventura | $1,910–2,700 | 50/100 |
| Costa Blanca | $1,910–2,700 | — |
| Maspalomas | $1,910–2,700 | 52/100 |
| Lanzarote | $2,030–2,810 | 47/100 |
| Tenerife | $2,030–2,930 | 44/100 |
| Costa Brava | $2,030–2,930 | — |
| Valencia | $2,140–3,040 | 36/100 |
| Costa del Sol | $2,140–3,040 | — |
| Málaga | $2,250–3,150 | 36/100 |
| Bilbao | $2,360–3,260 | 35/100 |
| Madrid | $2,480–3,380 | 25/100 |
| Menorca | $2,480–3,600 | 30/100 |
| Sitges | $2,480–3,600 | 25/100 |
| Marbella | $2,590–3,710 | 24/100 |
| Barcelona | $2,700–3,710 | 22/100 |
| Mallorca | $2,700–3,710 | 22/100 |
| Palma | $2,700–3,710 | 22/100 |
| San Sebastián | $2,930–4,050 | 21/100 |
| Ibiza | $3,150–4,500 | 13/100 |
Cheaper alternatives to Madrid
Similar safety, lower cost, in Europe.
Quick answers
How much money do you need per month in Madrid?
About $1,580–2,140 on a lean budget, $2,480–3,380 for a comfortable month and $4,500–7,310 for a luxury one, rent included.
How much is rent in Madrid?
A furnished 1-bedroom apartment costs €1,100–1,800 ($1,240–2,030) a month in the center and €800–1,200 ($900–1,350) outside it.
How much does food cost in Madrid?
A local meal is €10–14 ($11.3–15.8); a mid-range restaurant is €20–35 ($23–39) per person.
Is Spain expensive?
Prices in Spain are about 64% of US price levels (World Bank PPP).
More about Madrid
Going to Madrid solo?
SoloSquare is where travelers, nomads and locals in Madrid meet up for small plans: coffee, dinners, walks and day trips. Join one, or start your own in a minute.
Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- Metro de Madrid
- Madrid–Barajas Airport (Aena)
- Madrid tourism
Prices are SoloSquare estimates for 2026, reviewed against official and operator prices where available. Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.