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Madrid, Spain's vibrant capital, offers a dynamic urban lifestyle with world-class culture, dining, and nightlife. While housing costs are among Spain's highest, the city provides excellent public transportation and career opportunities.
Get a monthly Metro pass (€54.60) for unlimited public transport
Shop at local markets like Mercado de San Miguel for fresh produce
Take advantage of free museum visits on certain days and times
Studio apartments in Madrid center average €1,200-1,800, while 1-bedroom units range €1,500-2,200. Outside the center, expect 30-40% lower prices.
Young professionals seeking career opportunities and networking
Culture enthusiasts who want access to world-class museums and events
International workers who need English-speaking business environment
Last updated: Apr 2025 • Sources: INE, municipal transport, listings
€2,543
All monthly expenses will be converted to selected currency
* These monthly expenses estimates are based on city averages and may vary for a single person or family based on lifestyle choices, housing location preferences (city center vs outskirts), and market conditions. Use this as a general guide for budget planning.
| Category | Madrid |
|---|---|
| Housing | €1,371 |
| Utilities | €220 |
| Transportation | €58 |
| Dining | €202 |
| Entertainment | €105 |
| Shopping | €225 |
| Groceries | €251 |
| Healthcare | €0 |
| Total | €2,543 |
| Location | Studio | 1-Bed | 3-Bed |
|---|---|---|---|
| City Center | €1,050 | €1,371 | €2,299 |
| Outside Center | €800 | €976 | €1,547 |
Tip: City center rent in Madrid is typically 40% higher than outside center.
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