Madrid
Spain · Cost of Living · Updated 15 March 2026
HICP Index—
Period—
CPI118.57#9 of 9
Madrid offers a strong quality of life at prices below most Western European capitals. The city has excellent public infrastructure, world-class dining, and a cost profile that sits between Lisbon and Barcelona.
What to expect
A single person can live comfortably in Madrid on €1,600–2,400/month excluding rent. Supermarkets (Mercadona, Lidl) offer good value, and the menú del día tradition means a full three-course lunch costs €10-14 at local restaurants.
The Madrid metro pass costs €54.60/month for zones A-B (covering most of the city). The metro network is one of Europe’s largest and runs until 1:30am.
Neighborhoods by budget
- Budget-friendly: Usera, Carabanchel, Vallecas — diverse neighborhoods with the city’s lowest prices
- Mid-range: Lavapiés, La Latina, Malasaña — central, vibrant, and still reasonable
- Premium: Salamanca, Chamberí, Retiro — upscale residential areas with higher prices
| Country | CPIindex |
|---|---|
| Spain | 118.57 |