Last update: Nov 2026

Cost of Living Comparison Between Madrid and Menorca

For one person, living is cheaper in Menorca: $1,637 a month against $2,326 in Madrid, rent and utilities included – about $8,300 less a year. Rent and utilities account for most of the difference.

111

Cost of Living Index in Madrid
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Madrid Living Index
78

Cost of Living Index in Menorca
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Menorca Living Index

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Madrid

🇪🇸 Spain

$2,326

/mo nomad

Menorca

🇪🇸 Spain

$1,637

/mo nomad

Monthly Cost of Living

How much you'll spend in Madrid and in Menorca

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 Menorca actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,326 in Madrid versus $1,637 in Menorca.

Madrid $2,326
Menorca $1,637

Estimated couple costs with rent: $3,414 in Madrid versus $2,398 in Menorca.

Madrid $3,414
Menorca $2,398

Monthly costs for a family of three with rent: $4,502 in Madrid versus $3,160 in Menorca.

Madrid $4,502
Menorca $3,160

Living in Madrid is roughly 42% more expensive than in Menorca, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Madrid 72% above, Menorca 21% above.

Meal at Budget Restaurant

$18.67 €16.64

$15.30 €13.63

22.03%

Three-Course Dinner for Two, Mid-Range

$67.5 €60.2

$57.6 €51.3

17.34%

Fast Food Meal (McDonalds, etc)

$12.44 €11.09

$10.56 €9.40

17.80%

Cappuccino

$3.20 €2.85

$2.25 €2.00

42.22%

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

$3.29 €2.93

$2.38 €2.12

38.24%

Water (0.33 liter bottle)

$2.35 €2.09

$1.78 €1.58

32.02%

Local Beer (0.5 liter draught)

$3.85 €3.43

$3.35 €2.99

14.93%

Imported Beer (0.33 liter bottle)

$4.71 €4.20

$3.52 €3.14

33.81%

Milk (1 liter)

$1.39 €1.24

$1.15 €1.02

20.87%

White Bread (500g)

$1.64 €1.46

$1.36 €1.21

20.59%

Rice (white) (1kg)

$1.69 €1.50

$1.66 €1.48

1.81%

Eggs

$4.04 €3.60

$2.82 €2.51

43.26%

Local Cheese (1kg)

$16.48 €14.68

$13.77 €12.27

19.68%

Chicken Fillets (1kg)

$9.16 €8.16

$8.49 €7.57

7.89%

Beef Round Steak (1kg)

$17.27 €15.38

$15.32 €13.65

12.73%

Apples (1kg)

$2.51 €2.24

$2.56 €2.28

-1.95%

Banana (1kg)

$2.17 €1.94

$1.96 €1.74

10.71%

Oranges (1kg)

$2.52 €2.25

$1.90 €1.69

32.63%

Tomato (1kg)

$2.48 €2.21

$2.59 €2.30

-4.25%

Potato (1kg)

$2.31 €2.06

$1.78 €1.58

29.78%

Onion (1kg)

$2.05 €1.82

$2.04 €1.82

0.49%

Lettuce (1 head)

$1.49 €1.33

$1.30 €1.15

14.62%

Water (1.5 liter bottle)

$1.05 €0.93

$0.72 €0.64

45.83%

Cigarettes 20 Pack (Marlboro, Camel)

$6.85 €6.10

$6.23 €5.55

9.95%

Wine (Bottle)

$7.80 €6.95

$5.97 €5.32

30.65%

Local Beer (0.5 liter bottle)

$1.21 €1.08

$1.26 €1.12

-3.97%

Imported Beer (0.33 liter bottle)

$2.24 €2.00

$2.14 €1.91

4.67%

One-way Ticket (Public Transport)

$1.72 €1.53

$1.64 €1.46

4.88%

Public Transport Monthly Pass (Regular Price)

$37.26 €33.19

$34.40 €30.64

8.31%

Taxi Start (Normal Tariff)

$3.21 €2.86

$4.11 €3.66

-21.90%

Taxi (Normal Tariff) (1km)

$1.61 €1.43

$1.26 €1.12

27.78%

Taxi 1hour Waiting (Normal Tariff)

$30.80 €27.44

$24.98 €22.26

23.30%

Gasoline (1 liter)

$1.82 €1.62

$1.83 €1.63

-0.55%

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

$33.2K €29.6K

$37.9K €33.7K

-12.38%

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

$32.3K €28.8K

$29.9K €26.7K

7.99%

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

$182 €162

$134 €120

35.46%

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

$17.24 €15.36

$20.71 €18.45

-16.76%

Internet (50+ Mbps, Unlimited Data)

$34.81 €31.01

$31.01 €27.62

12.25%

Gym Membership (Monthly)

$47.26 €42.10

$48.14 €42.88

-1.83%

Tennis Court (1 Hour on Weekend)

$18.30 €16.31

$14.97 €13.34

22.24%

Cinema Ticket

$11.18 €9.95

$9.40 €8.38

18.94%

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

$696 €620

$412 €367

69.08%

International Primary School, 1 Child (Yearly)

$17.9K €16.0K

$8,231 €7,332

117.65%

Jeans (Levis 501 Or Similar)

$86.0 €76.6

$84.6 €75.3

1.69%

Summer Dress (H&M, Zara, etc)

$43.09 €38.39

$34.63 €30.85

24.43%

Sport Shoes (Adidas, Nike)

$110 €97.7

$90.6 €80.7

21.17%

Men's Leather Business Shoes

$112 €99.5

$109 €97.1

2.49%

1-bedroom Apartment, City Center (Monthly)

$1,525 €1,358

$866 €772

75.96%

1-bedroom Apartment, Outside City Center (Monthly)

$1,229 €1,095

$704 €627

74.53%

3-bedroom Apartment, City Center (Monthly)

$2,815 €2,508

$1,334 €1,188

111.09%

3-bedroom Apartment, Outside City Center (Monthly)

$2,013 €1,793

$1,019 €907

97.56%

Buy Apartment in City Center (m2)

$9,105 €8,111

$3,391 €3,020

168.55%

Buy Apartment Outside City Center (m2)

$4,699 €4,186

$2,368 €2,109

98.46%

Average Monthly Net Salary (After Tax)

$2,487 €2,215

20-Year Fixed Mortgage Interest Rate (Annual %)

3.15

3.5

-10.00%

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

Last update for Madrid: November 1, 2026

Last update for Menorca: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Madrid

$1.2K 52.9%

Menorca

$704 43% 42.7% $525

Groceries & Markets

Madrid

$304 13.1%

Menorca

$264 16.1% 13.3% $40

Eating Out

Madrid

$276 11.9%

Menorca

$221 13.5% 19.8% $55

Monthly Utilities & Internet

Madrid

$234 10.1%

Menorca

$186 11.4% 20.5% $48

Clothing & Footwear

Madrid

$158 6.8%

Menorca

$143 8.8% 9.1% $14

Sport & Entertainment

Madrid

$70 3%

Menorca

$67 4.1% 3.8% $2.7

Getting Around

Madrid

$55 2.4%

Menorca

$51 3.1% 7.2% $4

Cost Breakdown

A one-bedroom apartment in the center runs $1,525 in Madrid and $866 in Menorca. Housing cost is often the main lever when comparing two cities.

Dining out: $68 in Madrid vs $58 in Menorca for a mid-range dinner for two. Groceries echo the gap at $304 vs $264 per month, with Menorca cheaper across the board.

Good to know

🇪🇸 Madrid

🇪🇸 Menorca

🕒 Local time

00:16 12:16 AM

Same time as Madrid

🌤 Weather

👥 Population

3,332,035 Capital

102,477

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Madrid Menorca 660 km ≈ 1 h 15 min nonstop flight

From you

Madrid
Menorca

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 Menorca: Cost of Living - Frequently Asked Questions

Menorca wins on cost – living expenses run 30% 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 $3,489 in Madrid and $2,455 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: $1,525 in Madrid versus $866 in Menorca. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 15% 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 $58 versus $68 in Madrid. If you eat out regularly, this makes a real dent in your monthly spending.

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 Menorca are both considered safe, so it’s unlikely to be the deciding factor between them.

Expats usually find Menorca gentler on the wallet – expenses run 30% less than in Madrid. Beyond cost, consider language, visa policies, and how big the international community is in each city.