Cost of living in Madrid

Picture of Miguel Ángel Pollino

Miguel Ángel Pollino

Coordinator of LegalSpain Agency

Madrid is one of the largest cities in Spain. It is famous for its culture, gastronomy, monuments, museums and bustling streets. But how much does it cost to live in Madrid?

How much does it cost to live in Madrid?

The cost of living in Madrid is a concern for many citizens. The Spanish capital has become one of the most expensive cities in Europe in recent years, with prices increasing significantly in some sectors.

From a housing perspective, rental prices have increased in recent years, especially in the more central and touristic neighborhoods. Renting a one-bedroom apartment in the center of Madrid It can cost from 400 to 1000 euros per month., while an apartment with two or more rooms can cost from 1000 to 1500 euros per month. This makes it increasingly difficult to find affordable accommodation.

Food, if you eat outside the home, can cost you between 10 and 30 euros on average. If you do your own shopping, it could cost you around 30 or 40 euros to fill your basket weekly.

Although life in Madrid can be expensive, There are also many ways to save moneyPublic transport in Madrid is relatively cheap, with metro and bus tickets costing between €1,50 and €2, or monthly passes for as little as €20 for young people. There are also many restaurants and bars that offer discounts for students.

The cost of entertainment has also increased significantly. Currently, the price of tickets for cinemas, theatres and other events has been affected by rising rental and real estate prices. This has led organisers to increase their ticket prices to cover costs. In addition, many museums and galleries have raised their prices in order to stay afloat.

 

How to save money while living in Madrid?

Luckily, there are some alternatives for those who want to enjoy the culture and the city without breaking the bank. Many of Madrid's most famous museums have opening days. free entrance, and there are numerous galleries and theatres where you can find them tickets at very affordable prices.

Using discount cards for restaurantes, entradas de cINE y otras actividades can be a great help in saving money. It may also be useful use coupons in supermarkets.

If you want to save money on your apartment rent, We recommend that you use different search applications to find better deals. You can also check out this link and follow our advice.

 

Conclusion

We can conclude that Madrid is one of the most expensive cities in Spain to live in. However, good planning and making the right decisions can save us a lot of money and enable us to live with a good standard of living at an affordable cost, making the cost of living in Madrid lower.

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