Cost of living comparison
Madrid is 18.2% cheaper than Fairbanks.
- Restaurants
-
pay 17.6% less in Madrid
- Groceries
-
pay 45.9% less in Madrid
- Transportation
-
pay 16.5% more in Madrid
- Housing
-
pay 27.1% less in Madrid
- Entertainment and Sports
-
pay 49.9% less in Madrid
- Clothing
-
pay 15.0% more in Madrid
The cost of transportation and clothing in Madrid are more expensive than in Fairbanks. Expenses including entertainment and sports, groceries, housing, and restaurants are lower in Madrid.
If you lived in Madrid instead of Fairbanks, you would:
pay 17.6% less for restaurants
|
Fairbanks
|
Madrid
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$25.00
|
$16.08
€14.15
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.00
|
$10.72
€9.44
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.83
|
$2.79
€2.45
|
|
| Bottle of water (11 fl. oz) |
$2.00
|
$1.80
€1.59
|
|
pay 45.9% less for groceries
|
Fairbanks
|
Madrid
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$5.26
|
$1.50
€1.32
|
|
| Local cheese (8 oz) |
$8.95
|
$6.92
€6.09
|
|
| Milk (1 gallon) |
$4.25
|
$4.41
€3.88
|
|
|
Eggs
1 dozen
|
$3.30
|
$3.05
€2.69
|
|
| Boneless chicken breast (1 lb) |
$7.67
|
$3.78
€3.33
|
|
| Apples (1 lb) |
$3.62
|
$1.13
€0.99
|
|
| Bananas (1 lb) |
$1.29
|
$0.87
€0.77
|
|
| Oranges (1 lb) |
$3.25
|
$1.01
€0.89
|
|
| Tomatoes (1 lb) |
$3.32
|
$1.05
€0.92
|
|
| Potatoes (1 lb) |
$1.87
|
$0.83
€0.73
|
|
| Onions (1 lb) |
$2.17
|
$0.82
€0.72
|
|
pay 16.5% more for transportation
|
Fairbanks
|
Madrid
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.97
|
$6.79
€5.97
|
|
| Monthly public transit pass |
$40.00
|
$42.87
€37.74
|
|
| New Volkswagen Golf 1.4 (standard edition) | ?? |
$35,759.38
€31,483.88
|
|
| Taxi trip in downtown area (5 miles) |
$20.90
|
$14.90
€13.12
|
|
pay 27.1% less for housing
|
Fairbanks
|
Madrid
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$115.00
|
$31.85
€28.04
|
|
| 1-Bedroom apartment in downtown area |
$1,650.00
|
$1,468.90
€1,293.27
|
|
| 1-Bedroom apartment outside city center |
$1,500.00
|
$1,074.71
€946.21
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$126.18
|
$130.03
€114.48
|
|
pay (unknown) more for childcare
|
Fairbanks
|
Madrid
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly | ?? |
$567.57
€499.71
|
|
| Middle school for 1 child, two semesters | ?? |
$10,069.47
€8,865.53
|
pay 49.9% less for entertainment and sports
|
Fairbanks
|
Madrid
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.00
|
$3.75
€3.30
|
|
| Cappuccino in mid-range area |
$6.50
|
$2.59
€2.28
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.19
|
$6.43
€5.66
|
|
| Monthly membership at local gym |
$100.00
|
$43.11
€37.96
|
|
| Movie ticket to theater/cinema |
$16.99
|
$10.72
€9.44
|
|
pay 15.0% more for clothing
|
Fairbanks
|
Madrid
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$60.00
|
$90.50
€79.68
|
|
|
Regular dress
from H&M or similar store
|
$40.00
|
$37.21
€32.76
|
|
|
Running shoes
Nike or Adidas
|
$85.00
|
$97.88
€86.18
|
|
| Men's business shoes (leather) |
$120.00
|
$121.40
€106.88
|
|
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