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Madrid, Spain

Cost of living · 2023 · Europe · Rent +6.8% vs 2022

1-Bed Rent EUR 1,175 per month
3-Bed Rent EUR 2,115 per month
Groceries EUR 338 per month
Transport Pass EUR 54 per month
Utilities EUR 118 per month
Restaurant Meal EUR 11 per person

Rent trend in Madrid (2022–2026)

Cost breakdown in Madrid (2023)

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Estimated monthly budget in Madrid

Based on 2023 data. Includes rent, groceries, transport, utilities and occasional dining out.

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Single person
EUR 1,775
🏠 Rent EUR 1,175
🛒 Groceries EUR 338
🚌 Transport EUR 54
💡 Utilities EUR 118
🍽️ Dining out EUR 90
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Family (3–4 people)
EUR 3,356
🏠 Rent 3-bed EUR 2,115
🛒 Groceries EUR 846
🚌 Transport ×2 EUR 107
💡 Utilities EUR 153
🍽️ Dining out EUR 135

Cost comparison — cities in Spain (2023)

City 1-Bed Rent Groceries Transport Utilities vs Madrid
Madrid EUR 1,175 EUR 338 EUR 54 EUR 118
Barcelona EUR 1,363 EUR 348 EUR 54 EUR 120 +16%
Bilbao EUR 987 EUR 324 EUR 52 EUR 108 -16%
Seville EUR 846 EUR 310 EUR 47 EUR 102 -28%
Valencia EUR 893 EUR 320 EUR 38 EUR 103 -24%

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.

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