Last update: Nov 2026

Cost of Living Comparison Between Madrid and Segovia

For one person, living is cheaper in Segovia: $1,570 a month against $2,326 in Madrid, rent and utilities included – about $9,100 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
76

Cost of Living Index in Segovia
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Segovia Living Index

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Madrid

🇪🇸 Spain

$2,326

/mo nomad

Segovia

🇪🇸 Spain

$1,570

/mo nomad

Monthly Cost of Living

How much you'll spend in Madrid and in Segovia

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

Monthly costs for one person with rent: $2,326 in Madrid versus $1,570 in Segovia.

Madrid $2,326
Segovia $1,570

Estimated couple costs with rent: $3,414 in Madrid versus $2,305 in Segovia.

Madrid $3,414
Segovia $2,305

Monthly costs for a family of three with rent: $4,502 in Madrid versus $3,039 in Segovia.

Madrid $4,502
Segovia $3,039

Living in Madrid is roughly 48% more expensive than in Segovia, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Madrid 72% above, Segovia 16% above.

Meal at Budget Restaurant

$18.67 €16.66

$16.62 €14.83

12.33%

Three-Course Dinner for Two, Mid-Range

$67.5 €60.2

$46.46 €41.44

45.35%

Fast Food Meal (McDonalds, etc)

$12.44 €11.10

$11.41 €10.18

9.03%

Cappuccino

$3.20 €2.85

$2.10 €1.87

52.38%

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

$3.29 €2.93

$2.35 €2.10

40.00%

Water (0.33 liter bottle)

$2.35 €2.09

$1.91 €1.70

23.04%

Local Beer (0.5 liter draught)

$3.85 €3.44

$3.30 €2.94

16.67%

Imported Beer (0.33 liter bottle)

$4.71 €4.21

$3.40 €3.04

38.53%

Milk (1 liter)

$1.39 €1.24

$1.10 €0.98

26.36%

White Bread (500g)

$1.64 €1.46

$1.06 €0.94

54.72%

Rice (white) (1kg)

$1.69 €1.50

$1.53 €1.37

10.46%

Eggs

$4.04 €3.60

$3.03 €2.70

33.33%

Local Cheese (1kg)

$16.48 €14.70

$15.50 €13.83

6.32%

Chicken Fillets (1kg)

$9.16 €8.17

$11.11 €9.91

-17.55%

Beef Round Steak (1kg)

$17.27 €15.40

$21.93 €19.56

-21.25%

Apples (1kg)

$2.51 €2.24

$2.75 €2.45

-8.73%

Banana (1kg)

$2.17 €1.94

$2.37 €2.12

-8.44%

Oranges (1kg)

$2.52 €2.25

$2.27 €2.03

11.01%

Tomato (1kg)

$2.48 €2.21

$2.26 €2.01

9.73%

Potato (1kg)

$2.31 €2.06

$2.04 €1.82

13.24%

Onion (1kg)

$2.05 €1.83

$1.97 €1.76

4.06%

Lettuce (1 head)

$1.49 €1.33

$1.67 €1.49

-10.78%

Water (1.5 liter bottle)

$1.05 €0.93

$0.59 €0.53

77.97%

Cigarettes 20 Pack (Marlboro, Camel)

$6.85 €6.11

$6.23 €5.56

9.95%

Wine (Bottle)

$7.80 €6.96

$6.62 €5.91

17.82%

Local Beer (0.5 liter bottle)

$1.21 €1.08

$1.03 €0.91

17.48%

Imported Beer (0.33 liter bottle)

$2.24 €2.00

$1.58 €1.41

41.77%

One-way Ticket (Public Transport)

$1.72 €1.53

$1.15 €1.03

49.57%

Public Transport Monthly Pass (Regular Price)

$37.26 €33.23

Taxi Start (Normal Tariff)

$3.21 €2.86

$4.61 €4.11

-30.37%

Taxi (Normal Tariff) (1km)

$1.61 €1.43

$2.30 €2.06

-30.00%

Taxi 1hour Waiting (Normal Tariff)

$30.80 €27.48

$22.75 €20.30

35.38%

Gasoline (1 liter)

$1.82 €1.62

$1.75 €1.56

4.00%

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

$33.2K €29.6K

$35.1K €31.3K

-5.35%

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

$32.3K €28.8K

$29.5K €26.3K

9.51%

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

$182 €162

$116 €103

57.13%

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

$17.24 €15.38

$20.41 €18.20

-15.53%

Internet (50+ Mbps, Unlimited Data)

$34.81 €31.05

$28.79 €25.68

20.91%

Gym Membership (Monthly)

$47.26 €42.16

$39.41 €35.15

19.92%

Tennis Court (1 Hour on Weekend)

$18.30 €16.33

$24.47 €21.83

-25.21%

Cinema Ticket

$11.18 €9.97

$7.10 €6.33

57.46%

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

$696 €621

$176 €157

296.28%

International Primary School, 1 Child (Yearly)

$17.9K €16.0K

$6,015 €5,365

197.83%

Jeans (Levis 501 Or Similar)

$86.0 €76.7

$72.9 €65.0

18.01%

Summer Dress (H&M, Zara, etc)

$43.09 €38.44

$35.50 €31.67

21.38%

Sport Shoes (Adidas, Nike)

$110 €97.9

$75.8 €67.6

44.71%

Men's Leather Business Shoes

$112 €99.6

$78.5 €70.0

42.30%

1-bedroom Apartment, City Center (Monthly)

$1,525 €1,360

$989 €882

54.23%

1-bedroom Apartment, Outside City Center (Monthly)

$1,229 €1,096

$679 €606

81.03%

3-bedroom Apartment, City Center (Monthly)

$2,815 €2,511

$1,582 €1,411

77.96%

3-bedroom Apartment, Outside City Center (Monthly)

$2,013 €1,795

$988 €881

103.72%

Buy Apartment in City Center (m2)

$9,105 €8,122

$4,523 €4,035

101.30%

Buy Apartment Outside City Center (m2)

$4,699 €4,192

$2,261 €2,017

107.82%

Average Monthly Net Salary (After Tax)

$2,487 €2,218

$1,806 €1,611

37.66%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.15

3.08

2.27%

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

Last update for Madrid: November 1, 2026

Last update for Segovia: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Madrid

$1.2K 52.9%

Segovia

$679 43.2% 44.8% $550

Groceries & Markets

Madrid

$304 13.1%

Segovia

$301 19.2% 0.9% $2.7

Eating Out

Madrid

$276 11.9%

Segovia

$233 14.8% 15.8% $44

Monthly Utilities & Internet

Madrid

$234 10.1%

Segovia

$165 10.5% 29.5% $69

Clothing & Footwear

Madrid

$158 6.8%

Segovia

$118 7.5% 25.1% $40

Sport & Entertainment

Madrid

$70 3%

Segovia

$54 3.4% 23% $16

Getting Around

Madrid

$55 2.4%

Segovia

$21 * 1.3% 62.5% $35

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $1,525 in Madrid and $989 in Segovia. Housing cost is often the main lever when comparing two cities.

Madrid pays 38% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $68 in Madrid vs $46 in Segovia for a mid-range dinner for two. Groceries echo the gap at $304 vs $301 per month, with Segovia cheaper across the board.

Good to know

🇪🇸 Madrid

🇪🇸 Segovia

🕒 Local time

10:32 10:32 AM

Same time as Madrid

🌤 Weather

👥 Population

3,332,035 Capital

51,011

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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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 Segovia: Cost of Living - Frequently Asked Questions

Segovia wins on cost – living expenses run 32% lower than in Madrid. Housing and daily spending are where you’ll feel the difference most, making Segovia the obvious pick if budget is a priority.

Average pay runs 38% 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: $1,525 in Madrid versus $989 in Segovia. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you’ll spend $2,326 per month in Madrid versus $1,570 in Segovia – Segovia is about 32% cheaper, which adds up to real savings over time.

Dining out is cheaper in Segovia – a meal for two runs $46 versus $68 in Madrid. If you eat out regularly, this makes a real dent in your monthly spending.

Both cities are expensive relative to $1,000. Segovia 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 Segovia are both considered safe, so it’s unlikely to be the deciding factor between them.

It comes down to priorities – Segovia wins on affordability, Madrid on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.