How Much Money Do You Need to Live in Madrid?
Madrid is one of Europe's best-value capital cities. Much cheaper than London, Amsterdam or Paris, with a quality of life that surpasses them in many ways. Here are the real numbers.
Rent: Your Biggest Expense
- Room in shared flat (central areas): €650-950/month
- Studio or small apartment: €900-1,400/month
- 1-bedroom apartment: €1,100-1,800/month
- 2-bedroom apartment (good area): €1,500-2,500/month
Transport: A European Bargain
The monthly transport pass costs €54.60 and includes unlimited metro, city bus, and commuter rail within Madrid. One of the cheapest and most efficient networks in Europe.
Food
- Weekly groceries (1 person): €50-80
- Menú del día (set lunch at a restaurant): €10-15 (starter, main, dessert and drink)
- Coffee at a bar: €1.20-2
- Dinner at a mid-range restaurant: €20-35 per person
Entertainment and Lifestyle
- Museum entry (Prado, Reina Sofía): €15-20 (many have free hours)
- Cinema: €8-12
- Gym membership: €25-50/month
- Beer at a neighbourhood bar: €2.50-4
Monthly Budget Summary
- Tight budget (shared flat): €1,200-1,500/month
- Comfortable budget (own studio): €1,800-2,400/month
- Good quality of life (apartment in nice area): €2,500-3,500/month
Looking for an apartment in Madrid? See available properties or contact us and we'll help you find something within your budget.
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