What does your salary buy in Madrid?
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Cost of Living in Madrid, Spain
Spain's capital. Finance, corporate headquarters, vibrant nightlife, central location.
Currency
EUR (€)
English Level
Moderate
Healthcare
Public + Private common
Rental Prices in Madrid
1-Bedroom Apartment
€750 - €1,800
per month
2-Bedroom Apartment
€1,050 - €2,700
per month
* Prices shown are second-hand rental market rates, typical for expats.13 neighborhoods tracked. Source: Official government housing statistics.
Monthly Living Costs
Groceries
€280
Transport
€55
Utilities
€146
Dining Out
€180
Utility costs based on Eurostat Energy Statistics.
Popular Neighborhoods
Salamanca
Madrid's most upscale district. Luxury shopping, fine dining, and elegant streets.
10 min metro•€1,600+/mo
Malasaña
Hipster central. Vintage shops, craft beer, and the movida spirit lives on.
10 min metro•€1,100+/mo
Chueca
LGBTQ+ neighborhood with great nightlife, restaurants, and shopping.
8 min metro•€1,400+/mo
Lavapiés
Multicultural and bohemian. Affordable, diverse food scene, and art galleries.
12 min metro•€900+/mo
La Latina
Traditional Madrid. Sunday flea market, tapas bars, and historic streets.
12 min metro•€1,000+/mo
Chamberí
Upscale residential area. Beautiful buildings, local markets, and family-friendly.
15 min metro•€1,500+/mo
Work Visa
Digital Nomad visa available (2023). Standard work visa requires employer sponsorship.
Processing: 1-3 months
Relocation Costs
Typically 2 months deposit. Agent fee usually 1 month. Furnished common in expat areas.
Typical deposit: 2 months rent
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