Last update: Oct 2026

Cost of Living Comparison Between Toledo and Madrid

For one person, living is cheaper in Toledo: $1,589 a month against $2,265 in Madrid, rent and utilities included – about $8,100 less a year. Rent and utilities account for most of the difference.

77

Cost of Living Index in Toledo
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Toledo Living Index
111

Cost of Living Index in Madrid
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Madrid Living Index

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Toledo

🇪🇸 Spain

$1,589

/mo nomad

Madrid

🇪🇸 Spain

$2,265

/mo nomad

Monthly Cost of Living

How much you'll spend in Toledo 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 Toledo and in Madrid actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,589 in Toledo versus $2,265 in Madrid.

Toledo $1,589
Madrid $2,265

Estimated couple costs with rent: $2,236 in Toledo versus $3,296 in Madrid.

Toledo $2,236
Madrid $3,296

Monthly costs for a family of three with rent: $2,883 in Toledo versus $4,328 in Madrid.

Toledo $2,883
Madrid $4,328

Living in Toledo 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: Toledo 18% above, Madrid 68% above.

Meal at Budget Restaurant

$13.59 €12.09

$18.20 €16.19

-25.33%

Three-Course Dinner for Two, Mid-Range

$46.89 €41.71

$68.1 €60.5

-31.10%

Fast Food Meal (McDonalds, etc)

$11.03 €9.81

$11.24 €9.99

-1.87%

Cappuccino

$1.89 €1.68

$3.15 €2.80

-40.00%

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

$1.88 €1.68

$3.36 €2.99

-44.05%

Water (0.33 liter bottle)

$1.09 €0.97

$2.36 €2.10

-53.81%

Local Beer (0.5 liter draught)

$3.33 €2.97

$3.83 €3.40

-13.05%

Imported Beer (0.33 liter bottle)

$3.09 €2.75

$4.92 €4.38

-37.20%

Milk (1 liter)

$1.14 €1.01

$1.32 €1.17

-13.64%

White Bread (500g)

$1.02 €0.91

$1.61 €1.43

-36.65%

Rice (white) (1kg)

$1.99 €1.77

$1.65 €1.47

20.61%

Eggs

$2.96 €2.64

$4.07 €3.62

-27.27%

Local Cheese (1kg)

$19.00 €16.90

$15.82 €14.07

20.10%

Chicken Fillets (1kg)

$7.87 €7.00

$9.49 €8.44

-17.07%

Beef Round Steak (1kg)

$15.15 €13.47

$17.52 €15.59

-13.53%

Apples (1kg)

$2.57 €2.29

$2.56 €2.27

0.39%

Banana (1kg)

$1.45 €1.29

$2.09 €1.86

-30.62%

Oranges (1kg)

$2.17 €1.93

$2.47 €2.19

-12.15%

Tomato (1kg)

$3.89 €3.46

$2.49 €2.22

56.22%

Potato (1kg)

$2.10 €1.87

$2.26 €2.01

-7.08%

Onion (1kg)

$1.26 €1.12

$2.15 €1.91

-41.40%

Lettuce (1 head)

$1.55 €1.38

$1.57 €1.40

-1.27%

Water (1.5 liter bottle)

$0.60 €0.53

$1.07 €0.95

-43.93%

Cigarettes 20 Pack (Marlboro, Camel)

$6.00 €5.34

$6.55 €5.82

-8.40%

Wine (Bottle)

$4.23 €3.76

$7.65 €6.81

-44.71%

Local Beer (0.5 liter bottle)

$1.02 €0.91

$1.17 €1.04

-12.82%

Imported Beer (0.33 liter bottle)

$1.86 €1.65

$2.22 €1.97

-16.22%

One-way Ticket (Public Transport)

$1.52 €1.36

$1.63 €1.45

-6.75%

Public Transport Monthly Pass (Regular Price)

$23.20 €20.64

$36.42 €32.39

-36.30%

Taxi Start (Normal Tariff)

$4.34 €3.86

$3.73 €3.32

16.35%

Taxi (Normal Tariff) (1km)

$2.25 €2.00

$1.54 €1.37

46.10%

Taxi 1hour Waiting (Normal Tariff)

$22.62 €20.12

$29.17 €25.95

-22.45%

Gasoline (1 liter)

$1.73 €1.54

$1.78 €1.58

-2.81%

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

$35.7K €31.7K

$35.5K €31.6K

0.49%

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

$28.5K €25.3K

$33.2K €29.6K

-14.35%

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

$155 €138

$189 €168

-17.81%

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

$20.18 €17.95

$17.48 €15.55

15.45%

Internet (50+ Mbps, Unlimited Data)

$31.10 €27.67

$34.32 €30.53

-9.38%

Gym Membership (Monthly)

$44.85 €39.89

$48.62 €43.25

-7.75%

Tennis Court (1 Hour on Weekend)

$18.44 €16.40

Cinema Ticket

$8.71 €7.75

$11.04 €9.82

-21.11%

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

$383 €341

$693 €617

-44.79%

International Primary School, 1 Child (Yearly)

$6,007 €5,344

$17.8K €15.8K

-66.16%

Jeans (Levis 501 Or Similar)

$73.6 €65.5

$84.6 €75.3

-12.97%

Summer Dress (H&M, Zara, etc)

$27.61 €24.56

$42.50 €37.80

-35.04%

Sport Shoes (Adidas, Nike)

$67.4 €60.0

$110 €98.1

-38.88%

Men's Leather Business Shoes

$90.9 €80.9

$112 €99.9

-19.03%

1-bedroom Apartment, City Center (Monthly)

$864 €768

$1,506 €1,339

-42.63%

1-bedroom Apartment, Outside City Center (Monthly)

$687 €611

$1,170 €1,041

-41.25%

3-bedroom Apartment, City Center (Monthly)

$1,078 €959

$2,756 €2,451

-60.89%

3-bedroom Apartment, Outside City Center (Monthly)

$895 €796

$1,845 €1,641

-51.49%

Buy Apartment in City Center (m2)

$1,786 €1,589

$9,168 €8,155

-80.52%

Buy Apartment Outside City Center (m2)

$1,585 €1,410

$4,234 €3,766

-62.55%

Average Monthly Net Salary (After Tax)

$2,152 €1,914

$2,483 €2,209

-13.32%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.08

3.14

-1.91%

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

Last update for Toledo: October 10, 2026

Last update for Madrid: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Toledo

$687 43.2%

Madrid

$1.2K 51.7% 70.2% $483

Groceries & Markets

Toledo

$272 17.1%

Madrid

$303 13.4% 11.3% $31

Monthly Utilities & Internet

Toledo

$207 13%

Madrid

$241 10.6% 16.5% $34

Eating Out

Toledo

$199 12.5%

Madrid

$269 11.9% 34.9% $70

Clothing & Footwear

Toledo

$117 7.4%

Madrid

$157 7% 34.7% $41

Sport & Entertainment

Toledo

$62 3.9%

Madrid

$71 3.1% 13.5% $8.4

Getting Around

Toledo

$45 2.8%

Madrid

$54 2.4% 21.2% $9.5

Cost Breakdown

A one-bedroom apartment in the center runs $864 in Toledo and $1,506 in Madrid. Housing cost is often the main lever when comparing two cities.

Madrid pays 15% 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: $47.00 in Toledo vs $68.0 in Madrid for a mid-range dinner for two. Groceries echo the gap at $272 vs $303 per month, with Toledo cheaper across the board.

Good to know

🇪🇸 Toledo

🇪🇸 Madrid

🕒 Local time

08:29 8:29 AM

Same time as Toledo

🌤 Weather

👥 Population

86,070

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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Toledo Madrid 68 km

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Toledo
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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

Toledo vs Madrid: Cost of Living - Frequently Asked Questions

Toledo wins on cost – living expenses run 43% lower than in Madrid. Housing and daily spending are where you'll feel the difference most, making Toledo the obvious pick if budget is a priority.

On paper, salaries run 15% lower in Madrid. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $864 in Toledo versus $1,506 in Madrid. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 11% higher in Madrid. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Toledo – a meal for two runs $47.00 versus $68.0 in Madrid. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,589 in Toledo versus $2,265 in Madrid, a $2,000 budget is realistic in Toledo but tight or insufficient in Madrid. The gap between the two cities makes Toledo the clear choice for anyone on this budget.

Both work as nomad bases, but Toledo delivers better value – similar infrastructure at $1,589 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Toledo hard to pass up.

Safety-wise, Toledo and Madrid 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 Toledo 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.