Cost of Living in Madrid
Spain • Pop: 3.2M
Madrid offers affordable European capital living with excellent climate.
Affordable capitalGreat weatherNightlifeCentral location
Cost Index
68
Rent Index
58
Avg Net Salary
£1,978/mo
Cost Breakdown vs London (Index 100)
Overall Cost
68
32% cheaperRent
58
42% cheaperGroceries
72
28% cheaperRestaurants
65
35% cheaperTransport
75
25% cheaperUtilities
82
18% cheaperSalary Equivalence
How much you'd need to earn in Madrid to match a London salary
| London Salary | Equivalent in Madrid | Difference |
|---|---|---|
| £30,000 | £20,400 | Save £9,600 |
| £40,000 | £27,200 | Save £12,800 |
| £50,000 | £34,000 | Save £16,000 |
| £60,000 | £40,800 | Save £19,200 |
| £75,000 | £51,000 | Save £24,000 |
| £100,000 | £68,000 | Save £32,000 |
Living in Madrid: What to Expect
Madrid has a cost of living index of 68, meaning it is 32% cheaper than London in overall living costs.
The average net monthly salary in Madrid is approximately €2,300 (£1,978 when converted to GBP).
Cost Breakdown
- Rent: Index of 58
- Groceries: Index of 72
- Restaurants: Index of 65
- Transport: Index of 75
- Utilities: Index of 82
Key highlights: Affordable capital, Great weather, Nightlife, Central location.
Use our UK salary calculator to see your take-home pay, or compare with other cities.