Cost of living comparison
Madrid is 2.3% cheaper than Banff.
- Restaurants
-
pay 5.7% more in Madrid
- Groceries
-
pay 30.2% less in Madrid
- Transportation
-
pay 24.7% more in Madrid
- Housing
-
pay 10.4% more in Madrid
- Childcare
-
pay 32.8% less in Madrid
- Entertainment and Sports
-
pay 29.3% less in Madrid
- Clothing
-
pay 35.5% more in Madrid
The cost of clothing, transportation, housing, and restaurants in Madrid are more expensive than in Banff. Expenses including childcare, groceries, and entertainment and sports are lower in Madrid.
If you lived in Madrid instead of Banff, you would:
pay 5.7% more for restaurants
|
Banff
|
Madrid
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$23.35
CA$33.60
|
$16.08
€14.73
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.62
CA$12.41
|
$10.72
€9.82
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.06
CA$2.96
|
$2.79
€2.55
|
|
| Bottle of water (11 fl. oz) |
$1.92
CA$2.76
|
$1.80
€1.65
|
|
pay 30.2% less for groceries
|
Banff
|
Madrid
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.28
CA$3.28
|
$1.50
€1.37
|
|
| Local cheese (8 oz) |
$6.10
CA$8.78
|
$6.92
€6.34
|
|
| Milk (1 gallon) |
$6.94
CA$9.99
|
$4.41
€4.04
|
|
|
Eggs
1 dozen
|
$3.65
CA$5.26
|
$3.05
€2.80
|
|
| Boneless chicken breast (1 lb) |
$6.57
CA$9.45
|
$3.78
€3.47
|
|
| Apples (1 lb) |
$1.63
CA$2.34
|
$1.13
€1.03
|
|
| Bananas (1 lb) |
$0.78
CA$1.13
|
$0.87
€0.80
|
|
| Oranges (1 lb) |
$2.31
CA$3.33
|
$1.01
€0.92
|
|
| Tomatoes (1 lb) |
$2.17
CA$3.13
|
$1.05
€0.96
|
|
| Potatoes (1 lb) |
$1.43
CA$2.05
|
$0.83
€0.76
|
|
| Onions (1 lb) |
$1.51
CA$2.18
|
$0.82
€0.75
|
|
pay 24.7% more for transportation
|
Banff
|
Madrid
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.77
CA$5.43
|
$6.79
€6.22
|
|
| Monthly public transit pass | ?? |
$42.87
€39.27
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,412.64
CA$35,128.57
|
$35,759.38
€32,757.20
|
|
| Taxi trip in downtown area (5 miles) |
$31.25
CA$44.97
|
$14.90
€13.65
|
|
pay 10.4% more for housing
|
Banff
|
Madrid
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$70.17
CA$100.97
|
$31.85
€29.17
|
|
| 1-Bedroom apartment in downtown area |
$790.33
CA$1,137.25
|
$1,468.90
€1,345.58
|
|
| 1-Bedroom apartment outside city center |
$862.18
CA$1,240.63
|
$1,074.71
€984.48
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$151.78
CA$218.40
|
$130.03
€119.11
|
|
pay 32.8% less for childcare
|
Banff
|
Madrid
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$844.22
CA$1,214.79
|
$567.57
€519.92
|
|
| Middle school for 1 child, two semesters | ?? |
$10,069.47
€9,224.09
|
|
pay 29.3% less for entertainment and sports
|
Banff
|
Madrid
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$7.18
CA$10.34
|
$3.75
€3.44
|
|
| Cappuccino in mid-range area |
$3.48
CA$5.01
|
$2.59
€2.37
|
|
|
Pack of cigarettes
Marlboro or similar
|
$14.37
CA$20.68
|
$6.43
€5.89
|
|
| Monthly membership at local gym |
$74.24
CA$106.83
|
$43.11
€39.50
|
|
| Movie ticket to theater/cinema |
$8.62
CA$12.41
|
$10.72
€9.82
|
|
pay 35.5% more for clothing
|
Banff
|
Madrid
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$38.32
CA$55.14
|
$90.50
€82.90
|
|
|
Regular dress
from H&M or similar store
|
$38.32
CA$55.14
|
$37.21
€34.09
|
|
|
Running shoes
Nike or Adidas
|
$101.79
CA$146.46
|
$97.88
€89.66
|
|
| Men's business shoes (leather) |
$107.77
CA$155.08
|
$121.40
€111.21
|
|
Change currency:
Compare countries by overall cost of living
Help us improve these prices
ASK THE ELSEWHERE COMMUNITY
Join the Elsewhere community and ask a question about Madrid or Banff. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.