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Expat Budget: 🇪🇸 Madrid, Spain
Monthly cost-of-living breakdown for expatriates in Madrid. All amounts in EUR (€), editable to match your lifestyle.
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Rent is typically 20-40% cheaper in suburbs
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Madrid offers a moderate cost of living compared to northern European capitals, with housing and groceries priced well below Paris or London. The city uses the euro, which simplifies budgeting for residents moving from other eurozone countries. Public healthcare is accessible, and private insurance remains relatively affordable.
Last updated: July 2026. Sources: Numbeo, INE Spain.
Frequently asked questions
What is the average rent in Madrid?
Around 1,400 EUR per month for a one-bedroom apartment in the city centre and 1,050 EUR outside the centre (Numbeo, INE Spain).
What monthly budget excluding rent in Madrid?
Monthly single-person markers, in EUR: groceries 310, utilities 170, internet 31, public transport pass 35. The calculator above adjusts each line by profile.
Is Madrid more expensive than Paris?
On our consolidated index (Paris = 100), Madrid stands at 75. Overall cost of living is lower than in Paris.