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

😐 Solo nomad: Madrid is 6.2% more expensive than Ibiza without rent, and 28.6% cheaper with rent.

🙂 Family of 3: Madrid is 11.3% cheaper than Ibiza without rent, and 12.7% cheaper with rent.

Meal at Budget Restaurant

$17.19 €14.57

$17.68 €14.99

-2.77%

Three-Course Dinner for Two, Mid-Range

$70.4 €59.7

$68.1 €57.7

3.44%

Fast Food Meal (McDonalds, etc)

$12.06 €10.23

$11.72 €9.94

2.90%

Cappuccino

$3.15 €2.67

$2.58 €2.18

22.09%

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

$3.21 €2.73

$2.90 €2.46

10.69%

Water (0.33 liter bottle)

$2.11 €1.79

$1.52 €1.29

38.82%

Local Beer (0.5 liter draught)

$3.96 €3.36

$3.42 €2.90

15.79%

Imported Beer (0.33 liter bottle)

$4.53 €3.84

$3.58 €3.04

26.54%

Milk (1 liter)

$1.25 €1.06

$1.37 €1.16

-8.76%

White Bread (500g)

$1.68 €1.43

$3.51 €2.98

-52.14%

Rice (white) (1kg)

$1.71 €1.45

$1.37 €1.16

24.82%

Eggs

$3.40 €2.88

$2.91 €2.47

16.84%

Local Cheese (1kg)

$14.93 €12.66

$20.96 €17.78

-28.77%

Chicken Fillets (1kg)

$8.95 €7.59

$8.26 €7.01

8.35%

Beef Round Steak (1kg)

$17.18 €14.57

$14.96 €12.69

14.84%

Apples (1kg)

$2.60 €2.21

$2.46 €2.08

5.69%

Banana (1kg)

$2.19 €1.86

$1.97 €1.67

11.17%

Oranges (1kg)

$2.56 €2.17

$1.92 €1.63

33.33%

Tomato (1kg)

$2.64 €2.24

$2.65 €2.25

-0.38%

Potato (1kg)

$2.12 €1.80

$1.77 €1.50

19.77%

Onion (1kg)

$2.10 €1.78

$2.00 €1.69

5.00%

Lettuce (1 head)

$1.41 €1.19

$1.39 €1.17

1.44%

Water (1.5 liter bottle)

$0.96 €0.82

$0.36 €0.31

166.67%

Cigarettes 20 Pack (Marlboro, Camel)

$7.06 €5.99

$5.45 €4.62

29.54%

Wine (Bottle)

$8.28 €7.02

$7.04 €5.97

17.61%

Local Beer (0.5 liter bottle)

$1.45 €1.23

$1.43 €1.22

1.40%

Imported Beer (0.33 liter bottle)

$2.27 €1.92

$1.73 €1.47

31.21%

One-way Ticket (Public Transport)

$1.77 €1.50

$2.41 €2.05

-26.56%

Public Transport Monthly Pass (Regular Price)

$49.35 €41.84

$34.67 €29.40

42.34%

Taxi Start (Normal Tariff)

$3.94 €3.34

$4.32 €3.67

-8.80%

Taxi (Normal Tariff) (1km)

$1.33 €1.13

$1.28 €1.08

3.91%

Taxi 1hour Waiting (Normal Tariff)

$28.57 €24.23

$25.73 €21.82

11.04%

Gasoline (1 liter)

$1.90 €1.61

$1.87 €1.59

1.60%

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

$38.4K €32.5K

$38.9K €33.0K

-1.46%

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

$34.1K €28.9K

$29.7K €25.1K

15.07%

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

$196 €166

$239 €202

-17.98%

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

$21.30 €18.06

$22.91 €19.43

-7.03%

Internet (50+ Mbps, Unlimited Data)

$35.85 €30.40

$31.17 €26.44

15.01%

Gym Membership (Monthly)

$53.9 €45.74

$87.7 €74.4

-38.52%

Tennis Court (1 Hour on Weekend)

$17.54 €14.87

$14.76 €12.52

18.83%

Cinema Ticket

$11.36 €9.63

$9.77 €8.28

16.27%

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

$671 €569

$403 €342

66.50%

International Primary School, 1 Child (Yearly)

$11.9K €10.1K

$7,570 €6,419

57.35%

Jeans (Levis 501 Or Similar)

$94.1 €79.8

$73.8 €62.6

27.54%

Summer Dress (H&M, Zara, etc)

$42.46 €36.01

$55.7 €47.26

-23.81%

Sport Shoes (Adidas, Nike)

$104 €88.6

$83.3 €70.7

25.38%

Men's Leather Business Shoes

$133 €113

$160 €136

-17.15%

1-bedroom Apartment, City Center (Monthly)

$1,572 €1,333

$2,359 €2,000

-33.34%

1-bedroom Apartment, Outside City Center (Monthly)

$1,126 €955

$2,091 €1,773

-46.14%

3-bedroom Apartment, City Center (Monthly)

$2,857 €2,423

$2,712 €2,299

5.37%

3-bedroom Apartment, Outside City Center (Monthly)

$1,920 €1,628

$2,504 €2,124

-23.33%

Buy Apartment in City Center (m2)

$9,268 €7,859

$7,357 €6,239

25.97%

Buy Apartment Outside City Center (m2)

$4,531 €3,842

$2,876 €2,439

57.53%

Average Monthly Net Salary (After Tax)

$2,609 €2,212

$1,998 €1,694

30.59%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.43

3.5

-2.00%

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

Last update for Madrid: April 13, 2026

Last update for Ibiza: April 11, 2026

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 other spots: cost of living compared

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