{"id":5867,"date":"2016-11-12T15:37:50","date_gmt":"2016-11-12T14:37:50","guid":{"rendered":"http:\/\/www.shmadrid.com\/blog\/en\/?p=5867"},"modified":"2018-09-28T05:57:49","modified_gmt":"2018-09-28T03:57:49","slug":"cost-living-madrid","status":"publish","type":"post","link":"https:\/\/www.shmadrid.com\/blog\/en\/cost-living-madrid\/","title":{"rendered":"What is the cost of living in Madrid?"},"content":{"rendered":"

Moving abroad<\/strong> to work or study can be very exciting, as it opens up our lives to a whole new world of possibilities. There are many important things to consider before making that decision, though \u2013 one of them being the cost of living<\/strong> in your new hometown.\u00a0So, since you\u2019re reading this, we assume you\u2019re moving to Madrid<\/strong> \u2013 which is a great choice! The capital of Spain<\/strong> is currently ranked 183rd<\/sup> in the list of most expensive places<\/strong> to live worldwide. Pretty low, right? Now, let\u2019s get into the specifics.<\/p>\n

Related article:\u00a0Where To Discover Family-Friendly Neighbourhoods In Madrid<\/a><\/em><\/p>\n

Budgeting for living costs in Madrid<\/h2>\n
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Photo via Visualhunt<\/p><\/div>\n

Knowing how much money<\/strong> you\u2019ll need to live comfortably can make a ton of difference. If you are changing countries for business reasons<\/strong>, it allows you to fittingly negotiate your compensation with future employers. If you\u2019re a student<\/strong><\/a> on a program like Erasmus, for instance, it lets you compare your monthly scholarship<\/strong> allowance with your expected expenses.\u00a0Rent<\/strong><\/a> and apartment<\/strong><\/a> prices in Madrid<\/strong> vary a lot and depend on many factors. The city centre is a privileged location<\/strong> that grants you easier access to services and entertainment<\/strong>, but even a small house there can be quite expensive. Standard home utilities<\/strong> (water, electricity, gas and heating) will cost you about 75\u20ac a month. With the cheapest internet service priced at 34\u20ac and a basic mobile phone subscription available for 10\u20ac, your monthly cost with basic bills should be around 120\u20ac.\u00a0Your cost of living will also depend on your location – living far from the centre allows you to enjoy better houses at much lower prices, and public transportation<\/strong> can help you move around swiftly – so it’s all a matter of what you prioritize – location or comfort. One-way tickets\u00a0cost 1,50\u20ac and are valid for both\u00a0metro and buses<\/a><\/strong>. That\u2019s already quite cheap, but if you move around a lot, you can save money by acquiring either a\u00a010-trip ticket\u00a0(12,20\u20ac) or a\u00a0monthly pass\u00a0(54,60\u20ac). If it\u2019s ever more convenient for you to grab a\u00a0taxi, you\u2019ll be charged an average of 13\u20ac for each 8km.<\/p>\n

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Photo via Visualhunt<\/p><\/div>\n

Groceries<\/strong> will greatly depend on where you choose to buy your food. If you stick to the cheapest supermarkets<\/strong>, roughly 140\u20ac will keep you well fed for a month. If you go to more expensive places such as El Corte Ingl\u00e9s, your grocery bill might rise up to around 190\u20ac.\u00a0Madrid<\/strong>\u00a0has\u00a0restaurants<\/strong><\/a>\u00a0for all sizes of wallets, so it all depends on how much you want to spend in this department. A meal at an inexpensive\u00a0restaurant<\/strong>\u00a0will cost you around 11\u20ac, but there also many\u00a0bars<\/strong><\/a>\u00a0that serve cheaper meals and combo menus. Mid-range\u00a0restaurants\u00a0<\/strong>charge around 20\u20ac per person (for a three-course meal), while the most expensive ones in town will basically double that value.\u00a0 A c<\/strong>inema ticket<\/strong>\u00a0in\u00a0Madrid<\/strong>\u00a0will cost you around 9\u20ac.\u00a0Theatre plays<\/strong>\u00a0are quite a bit more expensive, at around 45\u20ac per person. If dancing\u00a0is more your thing, be aware that most\u00a0Madrid nightclubs<\/strong>\u00a0charge an entrance fee between 15\u20ac and 20\u20ac, normally with a few drinks included.<\/p>\n

Related article: Cheap eats: 10\u20ac lunch menus in Madrid<\/a><\/em><\/p>\n

These are the most important costs to consider if you\u2019re thinking about moving to Madrid.\u00a0<\/strong>Now you can crunch the numbers and figure out what works best for you. The first step of finding a home can be stressful, but don’t worry, – to easily find the house you need in the capital of Spain, all you have to do is visit the ShMadrid<\/a><\/strong> website. Whether you are looking for a monthly or yearly rental, or even to buy a property, you can find it\u00a0there. It’s pretty easy to browse through, allowing you to\u00a0search for particular specifications and easily compare prices. Enjoy life in Madrid<\/strong>!<\/p>\n

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\n 5<\/strong>\n \/<\/span>\n 5<\/strong>\n (<\/span>\n 3<\/strong>\n \n votes <\/span>\n )<\/span>\n <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Moving abroad to work or study can be very exciting, as it opens up our lives to a whole new world of possibilities. There are many important things to consider before making that decision, though \u2013 one of them being the cost of living in your new hometown.\u00a0So, since you\u2019re reading this, we assume you\u2019re […]<\/p>\n","protected":false},"author":305,"featured_media":5893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1574],"tags":[134,271,1455,1456,253,1457],"_links":{"self":[{"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/posts\/5867"}],"collection":[{"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/users\/305"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=5867"}],"version-history":[{"count":14,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/posts\/5867\/revisions"}],"predecessor-version":[{"id":7509,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/posts\/5867\/revisions\/7509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/media\/5893"}],"wp:attachment":[{"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=5867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=5867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=5867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}