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Calculate Your Finances in Madrid

Enter your gross monthly salary to see net pay, affordable neighborhoods, and savings

EUR

Free calculator with 2026 tax rates. No data stored.

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

Enter your salary above to see a personalized breakdown of your finances in Madrid

Our calculator shows net income after taxes, affordable neighborhoods, and savings potential

Data last updated: January 2026View methodology

Guides for Madrid

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