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

Monthly Cost of Living

Monthly costs for one person with rent: $2,368 in Madrid versus $2,739 in Ibiza.

Estimated couple costs with rent: $3,435 in Madrid versus $3,837 in Ibiza.

Monthly costs for a family of three with rent: $4,502 in Madrid versus $4,935 in Ibiza.

Living in Madrid costs roughly 14% less than in Ibiza, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Madrid 72% above, Ibiza 99% above.

Meal at Budget Restaurant

$18.78 €16.20

$23.20 €20.01

-19.05%

Three-Course Dinner for Two, Mid-Range

$68.5 €59.1

$93.7 €80.8

-26.91%

Fast Food Meal (McDonalds, etc)

$11.98 €10.33

$12.81 €11.05

-6.48%

Cappuccino

$3.22 €2.78

$3.40 €2.93

-5.29%

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

$3.37 €2.91

$2.74 €2.36

22.99%

Water (0.33 liter bottle)

$2.29 €1.97

$2.61 €2.26

-12.26%

Local Beer (0.5 liter draught)

$3.97 €3.43

$3.47 €2.99

14.41%

Imported Beer (0.33 liter bottle)

$5.10 €4.39

$4.17 €3.59

22.30%

Milk (1 liter)

$1.35 €1.16

$1.41 €1.22

-4.26%

White Bread (500g)

$1.64 €1.41

$3.57 €3.08

-54.06%

Rice (white) (1kg)

$1.73 €1.50

Eggs

$4.42 €3.81

Local Cheese (1kg)

$17.22 €14.86

$20.59 €17.76

-16.37%

Chicken Fillets (1kg)

$9.82 €8.47

Beef Round Steak (1kg)

$18.22 €15.71

Apples (1kg)

$2.73 €2.36

Banana (1kg)

$2.36 €2.03

Oranges (1kg)

$2.59 €2.24

Tomato (1kg)

$2.68 €2.31

Potato (1kg)

$2.29 €1.98

Onion (1kg)

$2.27 €1.95

Lettuce (1 head)

$1.58 €1.36

Water (1.5 liter bottle)

$1.12 €0.96

Cigarettes 20 Pack (Marlboro, Camel)

$6.79 €5.86

Wine (Bottle)

$8.33 €7.18

Local Beer (0.5 liter bottle)

$1.23 €1.06

$1.39 €1.20

-11.51%

Imported Beer (0.33 liter bottle)

$2.25 €1.94

One-way Ticket (Public Transport)

$1.71 €1.47

$2.31 €1.99

-25.97%

Public Transport Monthly Pass (Regular Price)

$37.94 €32.72

Taxi Start (Normal Tariff)

$3.97 €3.42

$4.62 €3.98

-14.07%

Taxi (Normal Tariff) (1km)

$1.58 €1.36

$1.43 €1.23

10.49%

Taxi 1hour Waiting (Normal Tariff)

$30.36 €26.19

$26.30 €22.68

15.44%

Gasoline (1 liter)

$1.84 €1.58

$1.76 €1.51

4.55%

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

$37.0K €31.9K

$36.6K €31.6K

1.02%

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

$34.1K €29.4K

$29.9K €25.8K

14.15%

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

$195 €168

$219 €189

-11.17%

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

$19.08 €16.45

$20.85 €17.98

-8.49%

Internet (50+ Mbps, Unlimited Data)

$36.32 €31.33

$33.56 €28.94

8.22%

Gym Membership (Monthly)

$51.2 €44.18

$113 €97.1

-54.49%

Tennis Court (1 Hour on Weekend)

$19.35 €16.69

$58.9 €50.8

-67.14%

Cinema Ticket

$11.39 €9.82

$16.52 €14.25

-31.05%

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

$696 €600

$867 €748

-19.78%

International Primary School, 1 Child (Yearly)

$18.0K €15.6K

$22.9K €19.7K

-21.24%

Jeans (Levis 501 Or Similar)

$89.1 €76.9

$42.13 €36.34

111.54%

Summer Dress (H&M, Zara, etc)

$44.57 €38.45

Sport Shoes (Adidas, Nike)

$108 €93.2

$68.9 €59.4

56.85%

Men's Leather Business Shoes

$113 €97.4

1-bedroom Apartment, City Center (Monthly)

$1,583 €1,366

$2,128 €1,835

-25.58%

1-bedroom Apartment, Outside City Center (Monthly)

$1,225 €1,057

$1,776 €1,532

-31.04%

3-bedroom Apartment, City Center (Monthly)

$2,813 €2,426

$4,130 €3,562

-31.90%

3-bedroom Apartment, Outside City Center (Monthly)

$1,871 €1,613

$2,736 €2,360

-31.63%

Buy Apartment in City Center (m2)

$9,303 €8,024

$7,175 €6,189

29.66%

Buy Apartment Outside City Center (m2)

$4,251 €3,667

$2,863 €2,469

48.51%

Average Monthly Net Salary (After Tax)

$2,584 €2,229

$1,946 €1,679

32.76%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.09

3.33

-7.21%

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

Last update for Madrid: August 30, 2026

Last update for Ibiza: August 29, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,583 in Madrid and $2,128 in Ibiza. Housing cost is often the main lever when comparing two cities.

Madrid pays 33% 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 Madrid vs $94.0 in Ibiza. Groceries flip the comparison at $320 vs $119, with Ibiza cheaper for home cooking.

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 Ibiza: Cost of Living - Frequently Asked Questions

Madrid and Ibiza differ by about 16% in total monthly costs ($2,368 vs $2,739 including rent). Madrid is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 33% 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: $1,583 in Madrid versus $2,128 in Ibiza. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $696 in Madrid versus $867 in Ibiza. 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 $94.0 in Ibiza. If you eat out regularly, this makes a real dent in your monthly spending.

Both cities are expensive relative to $2,000. Madrid is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

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 Ibiza 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 16% less than in Ibiza. Beyond cost, consider language, visa policies, and how big the international community is in each city.