Madrid, Spain
Cost of living · 2023 · Europe · Rent +6.8% vs 2022
Rent trend in Madrid (2022–2026)
Cost breakdown in Madrid (2023)
Estimated monthly budget in Madrid
Based on 2023 data. Includes rent, groceries, transport, utilities and occasional dining out.
Cost comparison — cities in Spain (2023)
Frequently asked questions
What is the cost of living in Madrid in 2023?
In 2023, a single person living in Madrid needs approximately EUR 1,775/month, covering rent, groceries, transport and utilities. A family of 3–4 typically spends around EUR 3,356/month. Madrid is considered a mid-range city by global standards.
How much is rent in Madrid in 2023?
A 1-bedroom apartment in Madrid costs approximately EUR 1,175/month in 2023. A 3-bedroom apartment runs around EUR 2,115/month. Rent has changed +6.8% vs 2022.
How much do groceries cost in Madrid?
Monthly grocery costs for one person in Madrid are approximately EUR 338 in 2023. This covers basic supermarket shopping including food and household essentials.
What does public transport cost in Madrid?
A monthly public transport pass in Madrid costs EUR 54 in 2023, covering unlimited bus, metro and tram travel within the city.
How much are utilities in Madrid?
Monthly utility costs in Madrid average EUR 118 in 2023, covering electricity, heating/cooling, water and internet for a standard apartment.
Is Madrid expensive to live in?
Madrid is located in Spain (Europe). With a 1-bed rent of EUR 1,175/month and total single-person expenses around EUR 1,775/month, it is mid-range by global standards.
How much does eating out cost in Madrid?
A typical restaurant meal for one person in Madrid costs approximately EUR 11 in 2023. Budget around EUR 90/month if dining out a few times a week.
How have living costs in Madrid changed over time?
LifeIndexed tracks cost of living data for Madrid from 2022 to 2026. 1-bed rent has increased by 19.6% over this period (from EUR 1,100 in 2022 to EUR 1,316 in 2026). Use the year tabs above to compare costs across years.
What is the monthly budget needed to live comfortably in Madrid?
To live comfortably in Madrid in 2023, a single person needs approximately EUR 1,775/month. This covers rent (EUR 1,175), groceries (EUR 338), transport (EUR 54), utilities (EUR 118) and dining out occasionally. A family of 3–4 should budget around EUR 3,356/month.