Last update: Nov 2026

Cost of Living Comparison Between Menorca and Madrid

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.

78

Cost of Living Index in Menorca
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Menorca Living Index
111

Cost of Living Index in Madrid
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Madrid Living Index

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Menorca

🇪🇸 Spain

$1,637

/mo nomad

Madrid

🇪🇸 Spain

$2,326

/mo nomad

Monthly Cost of Living

How much you'll spend in Menorca and in Madrid

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Menorca and in Madrid actually costs, broken down by who's living it.

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

Menorca $1,637
Madrid $2,326

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

Menorca $2,398
Madrid $3,414

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

Menorca $3,160
Madrid $4,502

Living in Menorca costs roughly 30% less than in Madrid, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$15.30 €13.63

$18.67 €16.64

-18.05%

Three-Course Dinner for Two, Mid-Range

$57.6 €51.3

$67.5 €60.2

-14.78%

Fast Food Meal (McDonalds, etc)

$10.56 €9.40

$12.44 €11.09

-15.11%

Cappuccino

$2.25 €2.00

$3.20 €2.85

-29.69%

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

$2.38 €2.12

$3.29 €2.93

-27.66%

Water (0.33 liter bottle)

$1.78 €1.58

$2.35 €2.09

-24.26%

Local Beer (0.5 liter draught)

$3.35 €2.99

$3.85 €3.43

-12.99%

Imported Beer (0.33 liter bottle)

$3.52 €3.14

$4.71 €4.20

-25.27%

Milk (1 liter)

$1.15 €1.02

$1.39 €1.24

-17.27%

White Bread (500g)

$1.36 €1.21

$1.64 €1.46

-17.07%

Rice (white) (1kg)

$1.66 €1.48

$1.69 €1.50

-1.78%

Eggs

$2.82 €2.51

$4.04 €3.60

-30.20%

Local Cheese (1kg)

$13.77 €12.27

$16.48 €14.68

-16.44%

Chicken Fillets (1kg)

$8.49 €7.57

$9.16 €8.16

-7.31%

Beef Round Steak (1kg)

$15.32 €13.65

$17.27 €15.38

-11.29%

Apples (1kg)

$2.56 €2.28

$2.51 €2.24

1.99%

Banana (1kg)

$1.96 €1.74

$2.17 €1.94

-9.68%

Oranges (1kg)

$1.90 €1.69

$2.52 €2.25

-24.60%

Tomato (1kg)

$2.59 €2.30

$2.48 €2.21

4.44%

Potato (1kg)

$1.78 €1.58

$2.31 €2.06

-22.94%

Onion (1kg)

$2.04 €1.82

$2.05 €1.82

-0.49%

Lettuce (1 head)

$1.30 €1.15

$1.49 €1.33

-12.75%

Water (1.5 liter bottle)

$0.72 €0.64

$1.05 €0.93

-31.43%

Cigarettes 20 Pack (Marlboro, Camel)

$6.23 €5.55

$6.85 €6.10

-9.05%

Wine (Bottle)

$5.97 €5.32

$7.80 €6.95

-23.46%

Local Beer (0.5 liter bottle)

$1.26 €1.12

$1.21 €1.08

4.13%

Imported Beer (0.33 liter bottle)

$2.14 €1.91

$2.24 €2.00

-4.46%

One-way Ticket (Public Transport)

$1.64 €1.46

$1.72 €1.53

-4.65%

Public Transport Monthly Pass (Regular Price)

$34.40 €30.64

$37.26 €33.19

-7.68%

Taxi Start (Normal Tariff)

$4.11 €3.66

$3.21 €2.86

28.04%

Taxi (Normal Tariff) (1km)

$1.26 €1.12

$1.61 €1.43

-21.74%

Taxi 1hour Waiting (Normal Tariff)

$24.98 €22.26

$30.80 €27.44

-18.90%

Gasoline (1 liter)

$1.83 €1.63

$1.82 €1.62

0.55%

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

$37.9K €33.7K

$33.2K €29.6K

14.13%

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

$29.9K €26.7K

$32.3K €28.8K

-7.40%

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

$134 €120

$182 €162

-26.18%

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

$20.71 €18.45

$17.24 €15.36

20.13%

Internet (50+ Mbps, Unlimited Data)

$31.01 €27.62

$34.81 €31.01

-10.92%

Gym Membership (Monthly)

$48.14 €42.88

$47.26 €42.10

1.86%

Tennis Court (1 Hour on Weekend)

$14.97 €13.34

$18.30 €16.31

-18.20%

Cinema Ticket

$9.40 €8.38

$11.18 €9.95

-15.92%

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

$412 €367

$696 €620

-40.86%

International Primary School, 1 Child (Yearly)

$8,231 €7,332

$17.9K €16.0K

-54.06%

Jeans (Levis 501 Or Similar)

$84.6 €75.3

$86.0 €76.6

-1.66%

Summer Dress (H&M, Zara, etc)

$34.63 €30.85

$43.09 €38.39

-19.63%

Sport Shoes (Adidas, Nike)

$90.6 €80.7

$110 €97.7

-17.47%

Men's Leather Business Shoes

$109 €97.1

$112 €99.5

-2.43%

1-bedroom Apartment, City Center (Monthly)

$866 €772

$1,525 €1,358

-43.17%

1-bedroom Apartment, Outside City Center (Monthly)

$704 €627

$1,229 €1,095

-42.70%

3-bedroom Apartment, City Center (Monthly)

$1,334 €1,188

$2,815 €2,508

-52.63%

3-bedroom Apartment, Outside City Center (Monthly)

$1,019 €907

$2,013 €1,793

-49.38%

Buy Apartment in City Center (m2)

$3,391 €3,020

$9,105 €8,111

-62.76%

Buy Apartment Outside City Center (m2)

$2,368 €2,109

$4,699 €4,186

-49.61%

Average Monthly Net Salary (After Tax)

$2,487 €2,215

20-Year Fixed Mortgage Interest Rate (Annual %)

3.5

3.15

11.11%

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

Last update for Menorca: November 2, 2026

Last update for Madrid: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Menorca

$704 43%

Madrid

$1.2K 52.9% 74.5% $525

Groceries & Markets

Menorca

$264 16.1%

Madrid

$304 13.1% 15.3% $40

Eating Out

Menorca

$221 13.5%

Madrid

$276 11.9% 24.7% $55

Monthly Utilities & Internet

Menorca

$186 11.4%

Madrid

$234 10.1% 25.8% $48

Clothing & Footwear

Menorca

$143 8.8%

Madrid

$158 6.8% 10% $14

Sport & Entertainment

Menorca

$67 4.1%

Madrid

$70 3% 4% $2.7

Getting Around

Menorca

$51 3.1%

Madrid

$55 2.4% 7.8% $4

Cost Breakdown

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

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

Good to know

🇪🇸 Menorca

🇪🇸 Madrid

🕒 Local time

18:52 6:52 PM

Same time as Menorca

🌤 Weather

👥 Population

102,477

3,332,035 Capital

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Between locations

Menorca Madrid 660 km ≈ 1 h 15 min nonstop flight

From you

Menorca
Madrid

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

Menorca vs Madrid: 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 $2,455 in Menorca and $3,489 in Madrid 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: $866 in Menorca versus $1,525 in Madrid. 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, Menorca and Madrid 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.