Last update: Oct 2026

Cost of Living Comparison Between Ibiza and Madrid

For one person, living is cheaper in Madrid: $2,265 a month against $2,590 in Ibiza, rent and utilities included – about $3,900 less a year. Higher rent and utilities in Ibiza outweigh lower spending on other living expenses.

163

Cost of Living Index in Ibiza
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Ibiza Living Index
111

Cost of Living Index in Madrid
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Madrid Living Index

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Ibiza

🇪🇸 Spain

$2,590

/mo nomad

Madrid

🇪🇸 Spain

$2,265

/mo nomad

Monthly Cost of Living

How much you'll spend in Ibiza and in Madrid

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Ibiza and in Madrid actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,590 in Ibiza versus $2,265 in Madrid.

Ibiza $2,590
Madrid $2,265

Estimated couple costs with rent: $3,650 in Ibiza versus $3,296 in Madrid.

Ibiza $3,650
Madrid $3,296

Monthly costs for a family of three with rent: $4,710 in Ibiza versus $4,328 in Madrid.

Ibiza $4,710
Madrid $4,328

Living in Ibiza is roughly 14% more expensive than in Madrid, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Ibiza 92% above, Madrid 68% above.

Meal at Budget Restaurant

$22.62 €20.12

$18.20 €16.19

24.29%

Three-Course Dinner for Two, Mid-Range

$88.5 €78.7

$68.1 €60.5

30.05%

Fast Food Meal (McDonalds, etc)

$12.22 €10.87

$11.24 €9.99

8.72%

Cappuccino

$3.16 €2.81

$3.15 €2.80

0.32%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.63 €2.34

$3.36 €2.99

-21.73%

Water (0.33 liter bottle)

$2.42 €2.15

$2.36 €2.10

2.54%

Local Beer (0.5 liter draught)

$3.33 €2.96

$3.83 €3.40

-13.05%

Imported Beer (0.33 liter bottle)

$4.10 €3.64

$4.92 €4.38

-16.67%

Milk (1 liter)

$1.36 €1.21

$1.32 €1.17

3.03%

White Bread (500g)

$3.33 €2.96

$1.61 €1.43

106.83%

Rice (white) (1kg)

$1.65 €1.47

Eggs

$4.07 €3.62

Local Cheese (1kg)

$20.06 €17.84

$15.82 €14.07

26.80%

Chicken Fillets (1kg)

$9.49 €8.44

Beef Round Steak (1kg)

$17.52 €15.59

Apples (1kg)

$2.56 €2.27

Banana (1kg)

$2.09 €1.86

Oranges (1kg)

$2.47 €2.19

Tomato (1kg)

$2.49 €2.22

Potato (1kg)

$2.26 €2.01

Onion (1kg)

$2.15 €1.91

Lettuce (1 head)

$1.57 €1.40

Water (1.5 liter bottle)

$1.07 €0.95

Cigarettes 20 Pack (Marlboro, Camel)

$6.55 €5.82

Wine (Bottle)

$7.65 €6.81

Local Beer (0.5 liter bottle)

$1.32 €1.17

$1.17 €1.04

12.82%

Imported Beer (0.33 liter bottle)

$2.22 €1.97

One-way Ticket (Public Transport)

$2.31 €2.06

$1.63 €1.45

41.72%

Public Transport Monthly Pass (Regular Price)

$36.42 €32.39

Taxi Start (Normal Tariff)

$4.44 €3.95

$3.73 €3.32

19.03%

Taxi (Normal Tariff) (1km)

$1.34 €1.19

$1.54 €1.37

-12.99%

Taxi 1hour Waiting (Normal Tariff)

$24.91 €22.15

$29.17 €25.95

-14.60%

Gasoline (1 liter)

$1.78 €1.58

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$35.1K €31.3K

$35.5K €31.6K

-0.98%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$28.8K €25.6K

$33.2K €29.6K

-13.37%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$216 €193

$189 €168

14.61%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$19.78 €17.59

$17.48 €15.55

13.16%

Internet (50+ Mbps, Unlimited Data)

$32.04 €28.50

$34.32 €30.53

-6.64%

Gym Membership (Monthly)

$107 €94.9

$48.62 €43.25

119.31%

Tennis Court (1 Hour on Weekend)

$56.8 €50.5

$18.44 €16.40

207.86%

Cinema Ticket

$16.07 €14.30

$11.04 €9.82

45.56%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$821 €731

$693 €617

18.45%

International Primary School, 1 Child (Yearly)

$22.0K €19.6K

$17.8K €15.8K

24.14%

Jeans (Levis 501 Or Similar)

$40.35 €35.89

$84.6 €75.3

-52.30%

Summer Dress (H&M, Zara, etc)

$42.50 €37.80

Sport Shoes (Adidas, Nike)

$68.0 €60.5

$110 €98.1

-38.36%

Men's Leather Business Shoes

$112 €99.9

1-bedroom Apartment, City Center (Monthly)

$2,048 €1,822

$1,506 €1,339

36.01%

1-bedroom Apartment, Outside City Center (Monthly)

$1,700 €1,512

$1,170 €1,041

45.30%

3-bedroom Apartment, City Center (Monthly)

$4,042 €3,596

$2,756 €2,451

46.67%

3-bedroom Apartment, Outside City Center (Monthly)

$2,619 €2,329

$1,845 €1,641

41.97%

Buy Apartment in City Center (m2)

$6,860 €6,102

$9,168 €8,155

-25.18%

Buy Apartment Outside City Center (m2)

$2,686 €2,389

$4,234 €3,766

-36.56%

Average Monthly Net Salary (After Tax)

$1,824 €1,622

$2,483 €2,209

-26.56%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.33

3.14

6.05%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Ibiza: October 11, 2026

Last update for Madrid: October 11, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Ibiza

$1.7K 65.6%

Madrid

$1.2K 51.7% 31.2% $530

Eating Out

Ibiza

$301 11.6%

Madrid

$269 11.9% 10.5% $32

Monthly Utilities & Internet

Ibiza

$268 10.4%

Madrid

$241 10.6% 10.3% $28

Sport & Entertainment

Ibiza

$139 5.4%

Madrid

$71 3.1% 49% $68

Groceries & Markets

Ibiza

$114 * 4.4%

Madrid

$303 13.4% 167% $189

Clothing & Footwear

Ibiza

$49 * 1.9%

Madrid

$157 7% 223% $109

Getting Around

Ibiza

$20 * 0.8%

Madrid

$54 2.4% 167% $34

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $2,048 in Ibiza and $1,506 in Madrid. Housing cost is often the main lever when comparing two cities.

Madrid pays 36% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $89.0 in Ibiza vs $68.0 in Madrid. Groceries flip the comparison at $114 vs $303, with Ibiza cheaper for home cooking.

Good to know

🇪🇸 Ibiza

🇪🇸 Madrid

🕒 Local time

17:40 5:40 PM

Same time as Ibiza

🌤 Weather

👥 Population

49,727

3,332,035 Capital

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Between locations

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From you

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Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Ibiza vs Madrid: Cost of Living - Frequently Asked Questions

Ibiza and Madrid differ by about 14% in total monthly costs ($2,590 vs $2,265 including rent). Madrid is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 36% lower in Madrid. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $2,048 in Ibiza versus $1,506 in Madrid. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $821 in Ibiza versus $693 in Madrid. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Madrid – a meal for two runs $68.0 versus $89.0 in Ibiza. If you eat out regularly, this makes a real dent in your monthly spending.

At $2,265 in Madrid versus $2,590 in Ibiza, a $2,000 budget is realistic in Madrid but tight or insufficient in Ibiza. The gap between the two cities makes Madrid the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Ibiza and Madrid are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Madrid gentler on the wallet – expenses run 14% less than in Ibiza. Beyond cost, consider language, visa policies, and how big the international community is in each city.