Cost of living in Madrid: rent, salaries & real expenses (2026)
The cost of living in Madrid is around €1776/month, with rent at €1006 (INE 2023) — 55% above the Spanish average. Rent trend: +2.7% per year. Here's the full breakdown.
Avg. rent
1006€
/ month · INE
Total cost
1776€
/ month est.
Salary needed
63k€
gross / year
Rent trend
+2.7%
annual change
Estimated monthly budget
Food, transport and utility expenses based on INE/Eurostat national averages. Adjust to your lifestyle.
Rent in Madrid
Est. rent
1006€
/ month
vs Spain
+55%
media 648€
Ranking
#20
of 748
Trend
+2.7%
annual change
Rent in Madrid is 55% more expensive than the national average and 0% more expensive than the Comunidad de Madrid average (€1002/month). The annual trend is +2.7%.
What salary do you need to live in Madrid?
Recommended salary
62,500€
gross / year
Rule applied
30%
max rent/net
Avg CCAA salary
34,410€
gross / year · INE
To avoid spending more than 30% of your net salary on rent in Madrid (€1006/month), you need to earn at least €62,500 gross/year. The average gross salary in Comunidad de Madrid is €34,410/year according to INE.
Buying in Madrid: what does a mortgage cost?
Est. price
200,000€
PER ~200 months
Monthly payment
801€
25yr · 3.5% · 80%
Down pmt + costs
60,000€
20% + 10%
Estimate based on a sale price of €200,000 (typical price-to-rent ratio). 25-year mortgage at 3.5% with 80% financed. Indicative calculation.
Calculate with your price →Quality of life in Madrid
Summer max
32.2°C
Jun–Aug · ERA5
Winter min
1.9°C
Dec–Feb · ERA5
Unemployment
7.1%
SEPE 202604
Rent burden
61.5%
of net income
Madrid has a warm climate with mild summers (32.2°C max from June to August) and cool winters (1.9°C min from December to February). Unemployment stands at 7.1% (SEPE 202604) and the rent-to-income burden is 61.5%. Climate data: Open-Meteo ERA5 (2015-2024 normals).
📊 Full data
Municipal page with all indicators
🗺️ Madrid
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🏛️ Comunidad de Madrid
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Compare Madrid with other cities
Rent: INE IPVA index (2023). Expenses: INE/Eurostat national averages. Mortgage: indicative calculation.