Madrid, Spain
Capital City

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Est. Monthly Cost (1 Person)
$1982
Retiree Score
70.0
Safety Index
63.4
Healthcare
389 facilities

Moving to Madrid is not for the faint of heart - the bureaucracy is a persistent headache and the hot, dry summers can be brutal. But with a population of over 3.5 million, Madrid is the second-largest city in the EU and a major financial and cultural hub. The tax burden is heavy, but the city boasts world-class museums, a vibrant nightlife, and easy access to green spaces. Those who can handle the challenges will find Madrid a diverse, cosmopolitan destination that rewards the adventurous.

Can I afford Madrid?

$
✅ Meets Spain Digital Nomad Visa Income Rule.

You could save

$1058 / month

Savings Rate35%
Rent $1157
Living Costs $785
63
Safety
389
Healthcare
100
Walkability
100
Nomad

Grocery Basket

Milk (1L)$1
Bread (loaf)
Eggs (12)$4
Rice (1kg)$2
Chicken (1kg)

Eating Out

Meal (Inexpensive)$17
Meal (Mid-range)$104
Cappuccino$3
Water (0.33L)$2

Utilities & Lifestyle

Utilities (mo)$203
Mobile Plan (mo)$19
Gym (mo)$50
Cinema Ticket$12

Housing

1BR Center (mo)$1157
1BR Outside (mo)
3BR Center (mo)$1788
3BR Outside (mo)

Expat Life

English Proficiency
Expat Community
Top Neighborhoods
Elevation
660m
Nearest Airport
MAD (14km)

Local Economy

Avg Monthly Salary
$2570
Mortgage Interest Rate
3.15%

🌐 Infrastructure & Lifestyle

Avg Internet
Temperature
Annual Rainfall
517 mm
Coworking Spaces
Best Months to Visit
Mar, Apr, May, Sep

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