Last update: Oct 2026

Cost of Living Comparison Between Madrid and Changwon

For one person, living is cheaper in Changwon: $1,529 a month against $2,304 in Madrid, rent and utilities included – about $9,300 less a year. Higher rent and utilities in Madrid outweigh lower spending on other living expenses.

111

Cost of Living Index in Madrid
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Madrid Living Index
73

Cost of Living Index in Changwon
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Changwon Living Index

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Madrid

🇪🇸 Spain

$2,304

/mo nomad

Changwon

🇰🇷 South Korea

$1,529

/mo nomad

Monthly Cost of Living

How much you'll spend in Madrid and in Changwon

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

Monthly costs for one person with rent: $2,304 in Madrid versus $1,529 in Changwon.

Madrid $2,304
Changwon $1,529

Estimated couple costs with rent: $3,389 in Madrid versus $2,381 in Changwon.

Madrid $3,389
Changwon $2,381

Monthly costs for a family of three with rent: $4,475 in Madrid versus $3,233 in Changwon.

Madrid $4,475
Changwon $3,233

Living in Madrid is roughly 51% more expensive than in Changwon, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Madrid 69% above, Changwon 12% above.

Meal at Budget Restaurant

$17.73 €15.93

$7.34 ₩9,862

141.55%

Three-Course Dinner for Two, Mid-Range

$66.9 €60.1

$27.81 ₩37.3K

140.42%

Fast Food Meal (McDonalds, etc)

$11.30 €10.15

$5.34 ₩7,167

111.61%

Cappuccino

$3.04 €2.73

$3.78 ₩5,079

-19.58%

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

$3.36 €3.02

$1.87 ₩2,513

79.68%

Water (0.33 liter bottle)

$2.35 €2.11

$1.01 ₩1,359

132.67%

Local Beer (0.5 liter draught)

$3.89 €3.50

$3.02 ₩4,050

28.81%

Imported Beer (0.33 liter bottle)

$4.80 €4.31

$4.37 ₩5,870

9.84%

Milk (1 liter)

$1.32 €1.18

$2.35 ₩3,161

-43.83%

White Bread (500g)

$1.64 €1.47

$3.24 ₩4,357

-49.38%

Rice (white) (1kg)

$1.72 €1.55

$3.20 ₩4,303

-46.25%

Eggs

$4.20 €3.78

$2.63 ₩3,538

59.70%

Local Cheese (1kg)

$15.91 €14.29

$11.08 ₩14.9K

43.59%

Chicken Fillets (1kg)

$9.36 €8.41

$10.52 ₩14.1K

-11.03%

Beef Round Steak (1kg)

$17.21 €15.46

$25.38 ₩34.1K

-32.19%

Apples (1kg)

$2.56 €2.30

$11.39 ₩15.3K

-77.52%

Banana (1kg)

$2.09 €1.88

$3.73 ₩5,009

-43.97%

Oranges (1kg)

$2.55 €2.29

$7.96 ₩10.7K

-67.96%

Tomato (1kg)

$2.58 €2.32

$5.86 ₩7,874

-55.97%

Potato (1kg)

$2.31 €2.08

$5.95 ₩7,991

-61.18%

Onion (1kg)

$2.17 €1.95

$3.38 ₩4,535

-35.80%

Lettuce (1 head)

$1.50 €1.35

$2.85 ₩3,831

-47.37%

Water (1.5 liter bottle)

$1.07 €0.96

$1.32 ₩1,778

-18.94%

Cigarettes 20 Pack (Marlboro, Camel)

$6.57 €5.90

$3.37 ₩4,520

94.96%

Wine (Bottle)

$7.87 €7.07

$18.88 ₩25.4K

-58.32%

Local Beer (0.5 liter bottle)

$1.21 €1.09

$2.47 ₩3,317

-51.01%

Imported Beer (0.33 liter bottle)

$2.17 €1.95

$3.38 ₩4,539

-35.80%

One-way Ticket (Public Transport)

$1.67 €1.50

$1.16 ₩1,558

43.97%

Public Transport Monthly Pass (Regular Price)

$37.53 €33.71

Taxi Start (Normal Tariff)

$3.76 €3.38

$2.98 ₩4,008

26.17%

Taxi (Normal Tariff) (1km)

$1.49 €1.34

$0.78 ₩1,052

91.03%

Taxi 1hour Waiting (Normal Tariff)

$30.17 €27.10

$16.79 ₩22.5K

79.69%

Gasoline (1 liter)

$1.85 €1.66

$1.36 ₩1,830

36.03%

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

$33.9K €30.4K

$39.0K ₩52.4M

-13.18%

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

$33.3K €29.9K

$33.9K ₩45.6M

-1.80%

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

$192 €172

$200 ₩268.3K

-4.14%

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

$17.66 €15.86

$36.15 ₩48.5K

-51.15%

Internet (50+ Mbps, Unlimited Data)

$35.07 €31.51

$27.46 ₩36.9K

27.71%

Gym Membership (Monthly)

$47.27 €42.46

$53.3 ₩71.6K

-11.38%

Tennis Court (1 Hour on Weekend)

$18.23 €16.37

$14.13 ₩19.0K

29.02%

Cinema Ticket

$11.29 €10.14

$11.29 ₩15.2K

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

$687 €617

$646 ₩867.1K

6.39%

International Primary School, 1 Child (Yearly)

$18.0K €16.2K

$21.5K ₩28.8M

-16.25%

Jeans (Levis 501 Or Similar)

$86.5 €77.7

$104 ₩140.3K

-17.17%

Summer Dress (H&M, Zara, etc)

$41.65 €37.41

$65.5 ₩88.0K

-36.43%

Sport Shoes (Adidas, Nike)

$108 €97.1

$92.3 ₩124.0K

17.07%

Men's Leather Business Shoes

$112 €100

$129 ₩172.6K

-13.18%

1-bedroom Apartment, City Center (Monthly)

$1,508 €1,355

$484 ₩649.8K

211.62%

1-bedroom Apartment, Outside City Center (Monthly)

$1,210 €1,087

$356 ₩478.0K

239.76%

3-bedroom Apartment, City Center (Monthly)

$2,829 €2,541

$1,160 ₩1.6M

143.90%

3-bedroom Apartment, Outside City Center (Monthly)

$2,004 €1,800

$756 ₩1.0M

165.19%

Buy Apartment in City Center (m2)

$9,002 €8,086

$7,009 ₩9.4M

28.43%

Buy Apartment Outside City Center (m2)

$4,710 €4,231

$5,457 ₩7.3M

-13.70%

Average Monthly Net Salary (After Tax)

$2,453 €2,204

$1,713 ₩2.3M

43.24%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.14

4.22

-25.59%

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

Last update for Madrid: October 24, 2026

Last update for Changwon: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Madrid

$1.2K 52.5%

Changwon

$356 23.3% 70.6% $854

Groceries & Markets

Madrid

$304 13.2%

Changwon

$491 32.1% 61.3% $186

Eating Out

Madrid

$264 11.5%

Changwon

$156 10.2% 41.1% $109

Monthly Utilities & Internet

Madrid

$244 10.6%

Changwon

$263 17.2% 7.8% $19

Clothing & Footwear

Madrid

$157 6.8%

Changwon

$176 11.5% 12.4% $19

Sport & Entertainment

Madrid

$70 3%

Changwon

$76 5% 8.7% $6.1

Getting Around

Madrid

$55 2.4%

Changwon

$12 * 0.8% 79.2% $44

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 $1,508 in Madrid and $484 in Changwon. Housing cost is often the main lever when comparing two cities.

Madrid pays 43% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $67 in Madrid vs $28 in Changwon. Groceries flip the comparison at $304 vs $491, with Madrid cheaper for home cooking.

Good to know

🇪🇸 Madrid

🇰🇷 Changwon

🕒 Local time

22:18 10:18 PM

06:18 6:18 AM

8 h ahead of Madrid

🌤 Weather

👥 Population

3,332,035 Capital

1,055,839

💱 Currency

Euro EUR €

South Korean Won KRW ₩

📈 Exchange rate

1 EUR = 1.11 USD

10,000 KRW = 7.45 USD

10,000 KRW = 6.69 EUR

Exchange rates and currency converter

KRW, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 28, 2026: 1 USD = 0.898 EUR (1 EUR = 1.11 USD).

South Korean Won exchange rates as of October 28, 2026: 1 USD = 1,343 KRW (10,000 KRW = 7.45 USD). 1 EUR = 1,495 KRW (10,000 KRW = 6.69 EUR).

USD to EUR in detail →

On the map

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Between locations

Madrid Changwon 10,300 km ≈ 13 h nonstop flight

From you

Madrid
Changwon

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

Madrid vs Changwon: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,304 in Madrid and $1,529 in Changwon, so Changwon is about 34% cheaper – a gap that matters a lot on a fixed or modest income.

Average pay runs 43% higher in Madrid, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,508 in Madrid versus $484 in Changwon. Housing is usually the single largest factor when comparing overall living costs between the two.

Shoppers in Madrid pay roughly 38% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $2,304 per month in Madrid versus $1,529 in Changwon – Changwon is about 34% cheaper, which adds up to real savings over time.

At $1,529 in Changwon versus $2,304 in Madrid, a $2,000 budget is realistic in Changwon but tight or insufficient in Madrid. The gap between the two cities makes Changwon 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, Madrid and Changwon are both considered safe, so it’s unlikely to be the deciding factor between them.

It comes down to priorities – Changwon wins on affordability, Madrid on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.