Cost of living comparison
Madrid is 33.3% more expensive than Busan.
- Restaurants
-
pay 81.7% more in Madrid
- Groceries
-
pay 37.5% less in Madrid
- Transportation
-
pay 32.8% more in Madrid
- Housing
-
pay 2.6 times more in Madrid
- Childcare
-
pay 4.1% less in Madrid
- Entertainment and Sports
-
pay 10.9% more in Madrid
- Clothing
-
pay 9.4% less in Madrid
The cost of housing, restaurants, transportation, and entertainment and sports in Madrid are more expensive than in Busan. Expenses including groceries, clothing, and childcare are lower in Madrid. Notably, housing and restaurants are significantly more expensive in Madrid.
If you lived in Madrid instead of Busan, you would:
pay 81.7% more for restaurants
|
Busan
|
Madrid
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.45
₩9,478
|
$16.08
€14.78
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.91
₩8,688
|
$10.72
€9.85
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.84
₩2,699
|
$2.79
€2.56
|
|
| Bottle of water (11 fl. oz) |
$1.25
₩1,843
|
$1.80
€1.66
|
|
pay 37.5% less for groceries
|
Busan
|
Madrid
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.58
₩5,266
|
$1.50
€1.38
|
|
| Local cheese (8 oz) |
$5.10
₩7,503
|
$6.92
€6.36
|
|
| Milk (1 gallon) |
$8.49
₩12,480
|
$4.41
€4.05
|
|
|
Eggs
1 dozen
|
$3.20
₩4,711
|
$3.05
€2.81
|
|
| Boneless chicken breast (1 lb) |
$3.64
₩5,350
|
$3.78
€3.48
|
|
| Apples (1 lb) |
$3.74
₩5,493
|
$1.13
€1.03
|
|
| Bananas (1 lb) |
$1.41
₩2,073
|
$0.87
€0.80
|
|
| Oranges (1 lb) |
$3.27
₩4,804
|
$1.01
€0.92
|
|
| Tomatoes (1 lb) |
$2.33
₩3,420
|
$1.05
€0.96
|
|
| Potatoes (1 lb) |
$2.27
₩3,344
|
$0.83
€0.77
|
|
| Onions (1 lb) |
$1.50
₩2,209
|
$0.82
€0.75
|
|
pay 32.8% more for transportation
|
Busan
|
Madrid
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.38
₩6,446
|
$6.79
€6.24
|
|
| Monthly public transit pass |
$42.97
₩63,186
|
$42.87
€39.42
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,023.07
₩39,734,716
|
$35,759.38
€32,880.68
|
|
| Taxi trip in downtown area (5 miles) |
$10.31
₩15,165
|
$14.90
€13.70
|
|
pay 2.6 times more for housing
|
Busan
|
Madrid
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$16.11
₩23,695
|
$31.85
€29.28
|
|
| 1-Bedroom apartment in downtown area |
$471.50
₩693,294
|
$1,468.90
€1,350.65
|
|
| 1-Bedroom apartment outside city center |
$286.48
₩421,242
|
$1,074.71
€988.19
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$85.90
₩126,300
|
$130.03
€119.56
|
|
pay 4.1% less for childcare
|
Busan
|
Madrid
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$477.47
₩702,070
|
$567.57
€521.88
|
|
| Middle school for 1 child, two semesters |
$13,786.91
₩20,272,277
|
$10,069.47
€9,258.86
|
|
pay 10.9% more for entertainment and sports
|
Busan
|
Madrid
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.58
₩5,266
|
$3.75
€3.45
|
|
| Cappuccino in mid-range area |
$3.82
₩5,621
|
$2.59
€2.38
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.22
₩4,739
|
$6.43
€5.91
|
|
| Monthly membership at local gym |
$50.13
₩73,717
|
$43.11
€39.64
|
|
| Movie ticket to theater/cinema |
$11.10
₩16,323
|
$10.72
€9.85
|
|
pay 9.4% less for clothing
|
Busan
|
Madrid
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$100.27
₩147,435
|
$90.50
€83.22
|
|
|
Regular dress
from H&M or similar store
|
$64.46
₩94,779
|
$37.21
€34.22
|
|
|
Running shoes
Nike or Adidas
|
$90.24
₩132,691
|
$97.88
€90.00
|
|
| Men's business shoes (leather) |
$114.59
₩168,497
|
$121.40
€111.63
|
|
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