LifeCost Blog
Aerial view of Madrid with Gran Vía at sunset

Cost of Living Guide to Madrid

Population

3.300.000 habitantes

Average salary

27.000 € anuales

Essential expenses to live in Madrid with indicative figures and practical tips.

Madrid hooks you fast: relentless culture, characterful neighborhoods, and serious pace. For a comfortable life, expect €1,200–€1,900/month per person (rent included), depending on area and lifestyle.

Housing

  • Central studio (Malasaña/Chueca/La Latina): €1,000–€1,400/month.
  • 1-bed in well-connected areas (Delicias, Arganzuela, Tetuán): €1,100–€1,600/month.
  • Room in shared flat: €450–€750/month.
  • Upfront costs: 1–2 months’ deposit + agency fee in some cases.

Pro tip: prioritize Metro lines 1, 3, 6, 10 for a strong price/time balance.

Transport

  • Monthly pass (zone A, 26–30 yrs): ~€20–€35 with discounts; standard adult: ~€54–€60.
  • Single ticket (Metro/Bus): €1.50–€2.00.

Quick math: with daily commuting, the monthly pass pays for itself in under 2 weeks.

Groceries & eating out

  • Monthly groceries (1 person): €180–€300.
  • Weekday set lunch (menú del día): €12–€15.
  • Casual dinner: €15–€25 per person.

Good value markets: Maravillas (Tetuán), Antón Martín (Centro), Vallehermoso (Chamberí).

Utilities & internet

  • Electricity + gas + water (small flat): €90–€140/month (more in winter/summer).
  • Fiber internet 300–600 Mbps: €25–€40/month.

Leisure & health

  • Cinema: €7–€10.
  • Gym: €25–€55/month.
  • Private GP: €40–€70/visit; health plans from €25–€50/month.

Monthly budget snapshot

ProfileRentEssentials (groceries, utilities, pass)Total
Shared room€600€350–€420€950–€1,020
Central studio€1,200€430–€520€1,630–€1,720
1-bed (non-hyper-central)€1,350€430–€520€1,780–€1,870

Neighborhood cheat-sheet

  • Urban energy: Centro, Malasaña, Lavapiés, Chueca.
  • Value + connectivity: Arganzuela, Tetuán, Carabanchel (north), Vallecas (north), Usera (select areas).
  • Quieter/family-friendly: Moratalaz, Ciudad Lineal, Vicálvaro, Moncloa-Valdezarza.