Cost of Living Comparison Between Madrid and Larnaca Cost of Living Comparison Between Madrid and Larnaca

Monthly Cost of Living

A single person spends $2,253 per month in Madrid vs $1,852 in Larnaca, rent included.

A couple spends around $3,329 per month in Madrid vs $2,846 in Larnaca, rent included.

A family of three spends $4,404 per month in Madrid vs $3,841 in Larnaca, rent included.

Madrid costs about 22% more than Larnaca, driven mainly by Clothing & Footwear.

Both Madrid and Larnaca sit above the global median – Madrid by 68%, Larnaca by 38%.

Meal at Budget Restaurant

$17.05 €14.68

$17.41 €14.99

-2.07%

Three-Course Dinner for Two, Mid-Range

$68.6 €59.0

$58.9 €50.7

16.40%

Fast Food Meal (McDonalds, etc)

$11.73 €10.10

$8.90 €7.66

31.80%

Cappuccino

$3.06 €2.64

$4.13 €3.56

-25.91%

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

$3.21 €2.77

$1.52 €1.31

111.18%

Water (0.33 liter bottle)

$2.18 €1.88

$0.91 €0.79

139.56%

Local Beer (0.5 liter draught)

$3.94 €3.39

$3.37 €2.91

16.91%

Imported Beer (0.33 liter bottle)

$4.67 €4.02

$4.42 €3.81

5.66%

Milk (1 liter)

$1.20 €1.03

$1.69 €1.45

-28.99%

White Bread (500g)

$1.68 €1.45

$1.99 €1.72

-15.58%

Rice (white) (1kg)

$1.69 €1.46

$3.09 €2.66

-45.31%

Eggs

$3.34 €2.88

$3.67 €3.16

-8.99%

Local Cheese (1kg)

$14.91 €12.84

$14.94 €12.87

-0.20%

Chicken Fillets (1kg)

$8.93 €7.69

$8.65 €7.45

3.24%

Beef Round Steak (1kg)

$16.84 €14.50

$13.39 €11.53

25.77%

Apples (1kg)

$2.73 €2.35

$2.84 €2.44

-3.87%

Banana (1kg)

$2.11 €1.82

$2.02 €1.74

4.46%

Oranges (1kg)

$2.54 €2.19

$1.92 €1.65

32.29%

Tomato (1kg)

$2.65 €2.28

$2.62 €2.26

1.15%

Potato (1kg)

$2.15 €1.85

$1.61 €1.39

33.54%

Onion (1kg)

$2.10 €1.81

$1.32 €1.14

59.09%

Lettuce (1 head)

$1.35 €1.17

$0.65 €0.56

107.69%

Water (1.5 liter bottle)

$0.97 €0.84

$0.89 €0.76

8.99%

Cigarettes 20 Pack (Marlboro, Camel)

$6.82 €5.88

$5.75 €4.96

18.61%

Wine (Bottle)

$8.15 €7.02

$8.24 €7.09

-1.09%

Local Beer (0.5 liter bottle)

$1.39 €1.20

$1.76 €1.51

-21.02%

Imported Beer (0.33 liter bottle)

$2.19 €1.88

$2.41 €2.07

-9.13%

One-way Ticket (Public Transport)

$1.77 €1.52

$2.84 €2.45

-37.68%

Public Transport Monthly Pass (Regular Price)

$49.07 €42.26

$57.3 €49.35

-14.38%

Taxi Start (Normal Tariff)

$4.01 €3.45

$7.69 €6.62

-47.85%

Taxi (Normal Tariff) (1km)

$1.33 €1.15

$2.07 €1.78

-35.75%

Taxi 1hour Waiting (Normal Tariff)

$29.19 €25.13

$29.13 €25.09

0.21%

Gasoline (1 liter)

$1.93 €1.67

$1.58 €1.36

22.15%

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

$37.2K €32.0K

$27.3K €23.5K

36.10%

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

$34.4K €29.6K

$32.6K €28.0K

5.53%

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

$195 €168

$188 €162

3.68%

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

$21.66 €18.66

$22.75 €19.59

-4.79%

Internet (50+ Mbps, Unlimited Data)

$35.51 €30.57

$33.47 €28.82

6.10%

Gym Membership (Monthly)

$53.8 €46.31

$74.2 €63.9

-27.53%

Tennis Court (1 Hour on Weekend)

$17.95 €15.46

$39.18 €33.73

-54.19%

Cinema Ticket

$11.55 €9.95

$11.58 €9.98

-0.26%

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

$676 €582

$445 €384

51.84%

International Primary School, 1 Child (Yearly)

$12.1K €10.4K

$12.3K €10.6K

-1.71%

Jeans (Levis 501 Or Similar)

$94.2 €81.1

$74.9 €64.5

25.86%

Summer Dress (H&M, Zara, etc)

$42.77 €36.83

$32.87 €28.31

30.12%

Sport Shoes (Adidas, Nike)

$106 €91.0

$92.0 €79.2

14.81%

Men's Leather Business Shoes

$134 €116

$108 €92.9

24.62%

1-bedroom Apartment, City Center (Monthly)

$1,566 €1,348

$969 €834

61.62%

1-bedroom Apartment, Outside City Center (Monthly)

$1,149 €989

$758 €653

51.53%

3-bedroom Apartment, City Center (Monthly)

$2,826 €2,433

$1,652 €1,422

71.10%

3-bedroom Apartment, Outside City Center (Monthly)

$1,884 €1,622

$1,296 €1,116

45.37%

Buy Apartment in City Center (m2)

$9,077 €7,816

$3,854 €3,319

135.51%

Buy Apartment Outside City Center (m2)

$4,511 €3,884

$2,107 €1,814

114.14%

Average Monthly Net Salary (After Tax)

$2,626 €2,261

$1,952 €1,681

34.52%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.43

3.74

-8.29%

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

Last update for Madrid: May 31, 2026

Last update for Larnaca: May 31, 2026

Cost Breakdown

A central one-bedroom costs $1,566 in Madrid versus $969 in Larnaca. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 35% higher in Madrid, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $69.0 in Madrid versus $59.0 in Larnaca. Monthly groceries follow the same trend: $294 vs $290 – making Larnaca the more affordable choice for daily food spending.

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 Larnaca: Cost of Living - Frequently Asked Questions

Madrid costs about 22% more than Larnaca, with the gap driven mainly by Clothing & Footwear. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,380 per month in Madrid and $2,777 in Larnaca. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Larnaca, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 1% more in Madrid, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $69.0 in Madrid and $59.0 in Larnaca. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,000 monthly budget goes further in Larnaca, where all-in costs run around $1,852, than in Madrid at $2,253. In Larnaca it covers expenses comfortably, while in Madrid it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Larnaca costs $1,852 versus $2,253 in Madrid. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Larnaca. If higher salaries, better infrastructure, or specific career opportunities are the priority, Madrid makes more sense. Both are solid long-term options with distinct trade-offs.