Cost of Living Comparison Between Madrid and Menorca Cost of Living Comparison Between Madrid and Menorca

Monthly Cost of Living

Monthly costs for one person with rent: $2,376 in Madrid versus $1,613 in Menorca.

Estimated couple costs with rent: $3,429 in Madrid versus $2,366 in Menorca.

Monthly costs for a family of three with rent: $4,482 in Madrid versus $3,118 in Menorca.

Living in Madrid is roughly 47% more expensive than in Menorca, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Madrid 74% above, Menorca 18% above.

Meal at Budget Restaurant

$18.11 €15.78

$15.16 €13.21

19.46%

Three-Course Dinner for Two, Mid-Range

$70.1 €61.0

$57.0 €49.62

23.02%

Fast Food Meal (McDonalds, etc)

$11.92 €10.38

$10.25 €8.93

16.29%

Cappuccino

$3.14 €2.74

$2.25 €1.96

39.56%

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

$3.24 €2.82

$2.37 €2.06

36.71%

Water (0.33 liter bottle)

$2.31 €2.01

$1.78 €1.55

29.78%

Local Beer (0.5 liter draught)

$4.14 €3.60

$3.41 €2.97

21.41%

Imported Beer (0.33 liter bottle)

$5.30 €4.62

$3.45 €3.01

53.62%

Milk (1 liter)

$1.41 €1.22

$1.19 €1.04

18.49%

White Bread (500g)

$1.61 €1.40

$1.43 €1.25

12.59%

Rice (white) (1kg)

$1.79 €1.56

$1.60 €1.39

11.87%

Eggs

$4.24 €3.69

$2.81 €2.45

50.89%

Local Cheese (1kg)

$17.25 €15.02

$13.43 €11.70

28.44%

Chicken Fillets (1kg)

$9.78 €8.52

$8.53 €7.43

14.65%

Beef Round Steak (1kg)

$18.17 €15.83

$14.94 €13.01

21.62%

Apples (1kg)

$2.60 €2.26

$2.45 €2.13

6.12%

Banana (1kg)

$2.35 €2.05

$1.97 €1.72

19.29%

Oranges (1kg)

$2.63 €2.29

$1.90 €1.66

38.42%

Tomato (1kg)

$2.69 €2.35

$2.56 €2.23

5.08%

Potato (1kg)

$2.25 €1.96

$1.78 €1.55

26.40%

Onion (1kg)

$2.23 €1.95

$2.06 €1.79

8.25%

Lettuce (1 head)

$1.56 €1.36

$1.34 €1.17

16.42%

Water (1.5 liter bottle)

$1.11 €0.97

$0.76 €0.66

46.05%

Cigarettes 20 Pack (Marlboro, Camel)

$6.88 €6.00

$6.48 €5.64

6.17%

Wine (Bottle)

$7.95 €6.93

$5.65 €4.92

40.71%

Local Beer (0.5 liter bottle)

$1.21 €1.06

Imported Beer (0.33 liter bottle)

$2.32 €2.02

$2.11 €1.83

9.95%

One-way Ticket (Public Transport)

$1.71 €1.49

$1.66 €1.44

3.01%

Public Transport Monthly Pass (Regular Price)

$37.76 €32.89

$33.78 €29.42

11.78%

Taxi Start (Normal Tariff)

$3.84 €3.35

$3.99 €3.47

-3.76%

Taxi (Normal Tariff) (1km)

$1.58 €1.38

$1.19 €1.04

32.77%

Taxi 1hour Waiting (Normal Tariff)

$31.11 €27.09

$24.29 €21.16

28.08%

Gasoline (1 liter)

$1.81 €1.57

$1.76 €1.54

2.84%

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

$36.5K €31.8K

$38.4K €33.4K

-4.97%

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

$34.0K €29.6K

$30.2K €26.3K

12.61%

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

$196 €171

$138 €120

42.18%

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

$18.80 €16.38

$21.21 €18.48

-11.36%

Internet (50+ Mbps, Unlimited Data)

$35.32 €30.76

$31.67 €27.58

11.53%

Gym Membership (Monthly)

$50.7 €44.14

$47.57 €41.43

6.54%

Tennis Court (1 Hour on Weekend)

$19.91 €17.34

$15.09 €13.14

31.94%

Cinema Ticket

$11.68 €10.17

$9.52 €8.29

22.69%

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

$715 €623

$412 €359

73.57%

International Primary School, 1 Child (Yearly)

$18.2K €15.9K

$8,003 €6,970

127.58%

Jeans (Levis 501 Or Similar)

$88.0 €76.6

$83.0 €72.3

6.04%

Summer Dress (H&M, Zara, etc)

$44.03 €38.35

$35.06 €30.54

25.58%

Sport Shoes (Adidas, Nike)

$108 €94.2

$89.4 €77.8

21.07%

Men's Leather Business Shoes

$113 €98.6

$108 €94.2

4.64%

1-bedroom Apartment, City Center (Monthly)

$1,567 €1,365

$846 €737

85.23%

1-bedroom Apartment, Outside City Center (Monthly)

$1,220 €1,063

$683 €595

78.56%

3-bedroom Apartment, City Center (Monthly)

$2,820 €2,456

$1,315 €1,146

114.40%

3-bedroom Apartment, Outside City Center (Monthly)

$1,871 €1,630

$1,008 €878

85.61%

Buy Apartment in City Center (m2)

$8,963 €7,806

$3,279 €2,856

173.30%

Buy Apartment Outside City Center (m2)

$4,322 €3,764

$2,307 €2,009

87.36%

Average Monthly Net Salary (After Tax)

$2,568 €2,237

20-Year Fixed Mortgage Interest Rate (Annual %)

3.09

3.5

-11.71%

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

Last update for Madrid: September 12, 2026

Last update for Menorca: September 12, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,567 in Madrid and $846 in Menorca. Housing cost is often the main lever when comparing two cities.

Dining out: $70.0 in Madrid vs $57.0 in Menorca for a mid-range dinner for two. Groceries echo the gap at $318 vs $262 per month, with Menorca 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

Madrid vs Menorca: Cost of Living - Frequently Asked Questions

Menorca wins on cost – living expenses run 47% lower than in Madrid. Housing and daily spending are where you'll feel the difference most, making Menorca the obvious pick if budget is a priority.

You'd need roughly $3,564 in Madrid and $2,420 in Menorca to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,567 in Madrid versus $846 in Menorca. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 22% higher in Madrid. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Menorca – a meal for two runs $57.0 versus $70.0 in Madrid. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,613 in Menorca versus $2,376 in Madrid, a $2,500 budget is realistic in Menorca but tight or insufficient in Madrid. The gap between the two cities makes Menorca the clear choice for anyone on this budget.

Both work as nomad bases, but Menorca delivers better value – similar infrastructure at $1,613 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Menorca hard to pass up.

Safety-wise, Madrid and Menorca 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 Menorca gentler on the wallet – expenses run 47% less than in Madrid. Beyond cost, consider language, visa policies, and how big the international community is in each city.