Cost of living comparison
Madrid is 2.6 times more expensive than Ibague.
- Restaurants
-
pay 3.0 times more in Madrid
- Groceries
-
pay 67.1% more in Madrid
- Transportation
-
pay 94.2% more in Madrid
- Housing
-
pay 5.7 times more in Madrid
- Childcare
-
pay 90.6% more in Madrid
- Entertainment and Sports
-
pay 2.6 times more in Madrid
- Clothing
-
pay 60.6% more in Madrid
The cost of housing, restaurants, entertainment and sports, transportation, childcare, and groceries in Madrid are more expensive than in Ibague. Notably, housing, restaurants, and entertainment and sports are significantly more expensive in Madrid.
If you lived in Madrid instead of Ibague, you would:
pay 3.0 times more for restaurants
|
Ibague
|
Madrid
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$5.00
COP21,501.34
|
$16.08
€14.14
|
|
|
Fast food combo meal
McDonalds, or similar
|
$4.62
COP19,871.13
|
$10.72
€9.42
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.81
COP3,477.45
|
$2.79
€2.45
|
|
| Bottle of water (11 fl. oz) |
$0.59
COP2,533.57
|
$1.80
€1.59
|
|
pay 67.1% more for groceries
|
Ibague
|
Madrid
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.34
COP5,771.18
|
$1.50
€1.32
|
|
| Local cheese (8 oz) |
$2.21
COP9,510.11
|
$6.92
€6.09
|
|
| Milk (1 gallon) |
$4.49
COP19,325.20
|
$4.41
€3.88
|
|
|
Eggs
1 dozen
|
$2.14
COP9,191.48
|
$3.05
€2.68
|
|
| Boneless chicken breast (1 lb) |
$2.23
COP9,577.19
|
$3.78
€3.33
|
|
| Apples (1 lb) |
$1.19
COP5,124.19
|
$1.13
€0.99
|
|
| Bananas (1 lb) |
$0.48
COP2,061.45
|
$0.87
€0.77
|
|
| Oranges (1 lb) |
$0.55
COP2,385.37
|
$1.01
€0.88
|
|
| Tomatoes (1 lb) |
$0.54
COP2,305.15
|
$1.05
€0.92
|
|
| Potatoes (1 lb) |
$0.48
COP2,083.69
|
$0.83
€0.73
|
|
| Onions (1 lb) |
$0.46
COP1,999.03
|
$0.82
€0.72
|
|
pay 94.2% more for transportation
|
Ibague
|
Madrid
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$2.99
COP12,858.26
|
$6.79
€5.97
|
|
| Monthly public transit pass | ?? |
$42.87
€37.70
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$15,009.35
COP64,581,160.99
|
$35,759.38
€31,443.97
|
|
| Taxi trip in downtown area (5 miles) |
$12.69
COP54,605.86
|
$14.90
€13.10
|
|
pay 5.7 times more for housing
|
Ibague
|
Madrid
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$23.09
COP99,355.63
|
$31.85
€28.00
|
|
| 1-Bedroom apartment in downtown area |
$161.64
COP695,489.43
|
$1,468.90
€1,291.63
|
|
| 1-Bedroom apartment outside city center |
$115.46
COP496,778.16
|
$1,074.71
€945.02
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$45.91
COP197,542.37
|
$130.03
€114.34
|
|
pay 90.6% more for childcare
|
Ibague
|
Madrid
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$231.19
COP994,748.59
|
$567.57
€499.07
|
|
| Middle school for 1 child, two semesters |
$7,422.81
COP31,938,319.62
|
$10,069.47
€8,854.30
|
|
pay 2.6 times more for entertainment and sports
|
Ibague
|
Madrid
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$0.92
COP3,974.23
|
$3.75
€3.30
|
|
| Cappuccino in mid-range area |
$1.31
COP5,630.15
|
$2.59
€2.27
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.31
COP9,935.56
|
$6.43
€5.65
|
|
| Monthly membership at local gym |
$41.56
COP178,840.14
|
$43.11
€37.91
|
|
| Movie ticket to theater/cinema |
$3.69
COP15,896.90
|
$10.72
€9.42
|
|
pay 60.6% more for clothing
|
Ibague
|
Madrid
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$51.44
COP221,351.04
|
$90.50
€79.58
|
|
|
Regular dress
from H&M or similar store
|
$42.05
COP180,914.84
|
$37.21
€32.72
|
|
|
Running shoes
Nike or Adidas
|
$84.96
COP365,558.94
|
$97.88
€86.07
|
|
| Men's business shoes (leather) |
$46.18
COP198,711.26
|
$121.40
€106.75
|
|
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