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: $2,273 in Madrid versus $1,590 in Menorca.

Estimated couple costs with rent: $3,389 in Madrid versus $2,392 in Menorca.

Monthly costs for a family of three with rent: $4,505 in Madrid versus $3,194 in Menorca.

Living in Madrid is roughly 43% more expensive than Menorca, driven mainly by Eating Out.

Both cities are pricier than the global median: Madrid 70% above, Menorca 19% above.

Meal at Budget Restaurant

$17.64 €15.10

$14.83 €12.70

18.95%

Three-Course Dinner for Two, Mid-Range

$70.5 €60.3

$57.9 €49.57

21.69%

Fast Food Meal (McDonalds, etc)

$11.66 €9.98

$10.57 €9.05

10.31%

Cappuccino

$3.10 €2.65

$2.24 €1.92

38.39%

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

$3.06 €2.62

$2.36 €2.02

29.66%

Water (0.33 liter bottle)

$2.10 €1.80

$1.70 €1.45

23.53%

Local Beer (0.5 liter draught)

$4.07 €3.48

$3.39 €2.90

20.06%

Imported Beer (0.33 liter bottle)

$4.52 €3.87

$3.51 €3.00

28.77%

Milk (1 liter)

$1.25 €1.07

$1.15 €0.99

8.70%

White Bread (500g)

$1.69 €1.44

$1.42 €1.22

19.01%

Rice (white) (1kg)

$1.65 €1.41

$1.66 €1.42

-0.60%

Eggs

$3.35 €2.87

$2.83 €2.43

18.37%

Local Cheese (1kg)

$14.57 €12.47

$13.82 €11.83

5.43%

Chicken Fillets (1kg)

$9.12 €7.80

$8.22 €7.04

10.95%

Beef Round Steak (1kg)

$16.67 €14.27

$14.78 €12.66

12.79%

Apples (1kg)

$2.66 €2.28

$2.50 €2.14

6.40%

Banana (1kg)

$2.21 €1.89

$2.05 €1.75

7.80%

Oranges (1kg)

$2.47 €2.11

$1.91 €1.63

29.32%

Tomato (1kg)

$2.71 €2.32

$2.57 €2.20

5.45%

Potato (1kg)

$2.11 €1.81

$1.70 €1.46

24.12%

Onion (1kg)

$2.14 €1.83

$2.04 €1.75

4.90%

Lettuce (1 head)

$1.41 €1.20

$1.36 €1.16

3.68%

Water (1.5 liter bottle)

$0.97 €0.83

$0.76 €0.65

27.63%

Cigarettes 20 Pack (Marlboro, Camel)

$7.08 €6.06

$6.42 €5.50

10.28%

Wine (Bottle)

$8.12 €6.95

$5.88 €5.03

38.10%

Local Beer (0.5 liter bottle)

$1.39 €1.19

$1.22 €1.04

13.93%

Imported Beer (0.33 liter bottle)

$2.25 €1.92

$2.12 €1.81

6.13%

One-way Ticket (Public Transport)

$1.78 €1.52

$1.64 €1.41

8.54%

Public Transport Monthly Pass (Regular Price)

$48.86 €41.82

$33.91 €29.03

44.09%

Taxi Start (Normal Tariff)

$4.16 €3.56

$4.02 €3.44

3.48%

Taxi (Normal Tariff) (1km)

$1.38 €1.18

$1.25 €1.07

10.40%

Taxi 1hour Waiting (Normal Tariff)

$28.62 €24.50

$25.14 €21.52

13.84%

Gasoline (1 liter)

$1.88 €1.61

$1.74 €1.49

8.05%

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

$38.3K €32.8K

$38.0K €32.5K

0.72%

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

$34.4K €29.4K

$30.2K €25.9K

13.79%

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

$192 €164

$138 €118

39.35%

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

$21.59 €18.48

$20.63 €17.66

4.65%

Internet (50+ Mbps, Unlimited Data)

$35.26 €30.19

$31.20 €26.71

13.01%

Gym Membership (Monthly)

$53.4 €45.71

$47.13 €40.34

13.28%

Tennis Court (1 Hour on Weekend)

$17.72 €15.17

$14.93 €12.78

18.69%

Cinema Ticket

$11.78 €10.08

$9.21 €7.88

27.90%

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

$674 €577

$408 €349

65.35%

International Primary School, 1 Child (Yearly)

$12.2K €10.5K

$8,058 €6,898

51.65%

Jeans (Levis 501 Or Similar)

$95.7 €81.9

$83.4 €71.4

14.72%

Summer Dress (H&M, Zara, etc)

$41.61 €35.61

$35.15 €30.09

18.38%

Sport Shoes (Adidas, Nike)

$104 €89.4

$88.7 €75.9

17.73%

Men's Leather Business Shoes

$133 €114

$110 €94.2

20.80%

1-bedroom Apartment, City Center (Monthly)

$1,595 €1,365

$844 €722

89.05%

1-bedroom Apartment, Outside City Center (Monthly)

$1,109 €949

$684 €586

62.02%

3-bedroom Apartment, City Center (Monthly)

$2,858 €2,446

$1,311 €1,122

118.04%

3-bedroom Apartment, Outside City Center (Monthly)

$1,890 €1,618

$994 €851

90.08%

Buy Apartment in City Center (m2)

$9,394 €8,042

$3,319 €2,841

183.07%

Buy Apartment Outside City Center (m2)

$4,583 €3,923

$2,345 €2,007

95.43%

Average Monthly Net Salary (After Tax)

$2,602 €2,227

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 26, 2026

Last update for Menorca: April 28, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,595 in Madrid and $844 in Menorca. Housing cost is often the main lever when comparing two cities.

Dining out: $70.0 in Madrid vs $58.0 in Menorca for a mid-range dinner for two. Groceries echo the gap at $294 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 43% 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 $3,409 in Madrid and $2,385 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: $1,595 in Madrid versus $844 in Menorca. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 12% 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 $58.0 versus $70.0 in Madrid. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,590 in Menorca versus $2,273 in Madrid, a $1,500 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 $1,590 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 43% less than in Madrid. Beyond cost, consider language, visa policies, and how big the international community is in each city.