Cost of Living Comparison Between Ibiza and Madrid Cost of Living Comparison Between Ibiza and Madrid

Monthly Cost of Living

Monthly costs for one person with rent: $3,182 in Ibiza versus $2,293 in Madrid.

Estimated couple costs with rent: $4,092 in Ibiza versus $3,370 in Madrid.

Monthly costs for a family of three with rent: $5,003 in Ibiza versus $4,447 in Madrid.

Living in Ibiza is roughly 39% more expensive than in Madrid, driven mainly by Sport & Entertainment.

Both cities are pricier than the global median: Ibiza 138% above, Madrid 72% above.

Meal at Budget Restaurant

$17.06 €14.91

$17.33 €15.14

-1.56%

Three-Course Dinner for Two, Mid-Range

$68.2 €59.6

$68.7 €60.0

-0.66%

Fast Food Meal (McDonalds, etc)

$11.67 €10.20

$11.95 €10.44

-2.34%

Cappuccino

$2.58 €2.25

$3.10 €2.71

-16.77%

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

$2.95 €2.57

$3.21 €2.80

-8.10%

Water (0.33 liter bottle)

$1.45 €1.26

$2.14 €1.87

-32.24%

Local Beer (0.5 liter draught)

$3.50 €3.06

$4.10 €3.58

-14.63%

Imported Beer (0.33 liter bottle)

$3.55 €3.10

$4.55 €3.98

-21.98%

Milk (1 liter)

$1.40 €1.23

$1.19 €1.04

17.65%

White Bread (500g)

$3.44 €3.00

$1.71 €1.49

101.17%

Rice (white) (1kg)

$1.43 €1.25

$1.72 €1.50

-16.86%

Eggs

$2.85 €2.49

$3.52 €3.07

-19.03%

Local Cheese (1kg)

$20.44 €17.86

$14.98 €13.09

36.45%

Chicken Fillets (1kg)

$8.20 €7.16

$8.83 €7.72

-7.13%

Beef Round Steak (1kg)

$14.90 €13.02

$16.75 €14.63

-11.04%

Apples (1kg)

$2.49 €2.17

$2.60 €2.27

-4.23%

Banana (1kg)

$1.97 €1.72

$2.22 €1.94

-11.26%

Oranges (1kg)

$1.97 €1.72

$2.45 €2.14

-19.59%

Tomato (1kg)

$2.56 €2.23

$2.65 €2.32

-3.40%

Potato (1kg)

$1.77 €1.54

$2.07 €1.81

-14.49%

Onion (1kg)

$1.98 €1.73

$2.15 €1.88

-7.91%

Lettuce (1 head)

$1.38 €1.21

$1.34 €1.17

2.99%

Water (1.5 liter bottle)

$0.37 €0.32

$0.99 €0.86

-62.63%

Cigarettes 20 Pack (Marlboro, Camel)

$5.62 €4.91

$6.99 €6.10

-19.60%

Wine (Bottle)

$7.77 €6.79

Local Beer (0.5 liter bottle)

$1.44 €1.26

$1.43 €1.25

0.70%

Imported Beer (0.33 liter bottle)

$1.72 €1.51

$2.18 €1.90

-21.10%

One-way Ticket (Public Transport)

$2.41 €2.10

$1.78 €1.56

35.39%

Public Transport Monthly Pass (Regular Price)

$34.18 €29.86

$48.79 €42.62

-29.94%

Taxi Start (Normal Tariff)

$4.38 €3.83

$4.12 €3.60

6.31%

Taxi (Normal Tariff) (1km)

$1.30 €1.13

$1.39 €1.21

-6.47%

Taxi 1hour Waiting (Normal Tariff)

$26.27 €22.96

$28.50 €24.90

-7.82%

Gasoline (1 liter)

$1.80 €1.57

$1.92 €1.68

-6.25%

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

$38.5K €33.6K

$37.7K €32.9K

2.17%

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

$30.1K €26.3K

$34.1K €29.8K

-11.88%

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

$233 €204

$193 €169

20.82%

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

$23.14 €20.22

$21.55 €18.83

7.38%

Internet (50+ Mbps, Unlimited Data)

$31.33 €27.37

$35.97 €31.42

-12.90%

Gym Membership (Monthly)

$88.1 €77.0

$52.7 €46.04

67.19%

Tennis Court (1 Hour on Weekend)

$15.26 €13.33

$17.64 €15.42

-13.49%

Cinema Ticket

$10.06 €8.79

$11.44 €10.00

-12.06%

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

$403 €352

$669 €584

-39.70%

International Primary School, 1 Child (Yearly)

$7,397 €6,463

$11.9K €10.4K

-37.74%

Jeans (Levis 501 Or Similar)

$73.9 €64.6

$94.7 €82.7

-21.94%

Summer Dress (H&M, Zara, etc)

$56.3 €49.19

$42.81 €37.41

31.51%

Sport Shoes (Adidas, Nike)

$82.3 €71.9

$105 €91.6

-21.47%

Men's Leather Business Shoes

$162 €141

$132 €115

22.44%

1-bedroom Apartment, City Center (Monthly)

$2,351 €2,054

$1,607 €1,404

46.29%

1-bedroom Apartment, Outside City Center (Monthly)

$2,076 €1,814

$1,151 €1,006

80.36%

3-bedroom Apartment, City Center (Monthly)

$2,641 €2,308

$2,839 €2,480

-6.94%

3-bedroom Apartment, Outside City Center (Monthly)

$2,560 €2,237

$1,879 €1,642

36.23%

Buy Apartment in City Center (m2)

$6,706 €5,859

$9,038 €7,896

-25.80%

Buy Apartment Outside City Center (m2)

$2,776 €2,426

$4,262 €3,724

-34.86%

Average Monthly Net Salary (After Tax)

$1,899 €1,659

$2,464 €2,153

-22.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.5

3.43

2.04%

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

Last update for Ibiza: July 13, 2026

Last update for Madrid: July 12, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $2,351 in Ibiza and $1,607 in Madrid. Housing cost is often the main lever when comparing two cities.

Madrid pays 30% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $68.0 in Ibiza vs $69.0 in Madrid for a mid-range dinner for two. Groceries echo the gap at $287 vs $293 per month, with Ibiza cheaper across the board.

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 39% in total monthly costs ($3,182 vs $2,293 including rent). Madrid is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 30% 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: $2,351 in Ibiza versus $1,607 in Madrid. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Madrid runs roughly 43% less than in Ibiza. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $403 in Ibiza versus $669 in Madrid. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $2,293 in Madrid versus $3,182 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 39% less than in Ibiza. Beyond cost, consider language, visa policies, and how big the international community is in each city.