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.
A single person needs roughly 1,411 €/month to live in Madrid: a one-bedroom rents for 750 €–1,800 €, plus about 661 € for groceries, transport, and utilities.
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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