Cost of living comparison
Madrid is 49.7% more expensive than Incheon.
- Restaurants
-
pay 2.2 times more in Madrid
- Groceries
-
pay 30.4% less in Madrid
- Transportation
-
pay 61.5% more in Madrid
- Housing
-
pay 2.2 times more in Madrid
- Childcare
-
pay 22.0% more in Madrid
- Entertainment and Sports
-
pay 23.0% more in Madrid
- Clothing
-
pay 34.1% more in Madrid
The cost of restaurants, housing, transportation, clothing, entertainment and sports, and childcare in Madrid are more expensive than in Incheon. Notably, restaurants and housing are significantly more expensive in Madrid.
If you lived in Madrid instead of Incheon, you would:
pay 2.2 times more for restaurants
|
Incheon
|
Madrid
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$6.45
₩9,143
|
$16.08
€14.14
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.91
₩8,381
|
$10.72
€9.42
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.32
₩1,879
|
$2.79
€2.45
|
|
| Bottle of water (11 fl. oz) |
$0.73
₩1,036
|
$1.80
€1.59
|
|
pay 30.4% less for groceries
|
Incheon
|
Madrid
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.10
₩4,402
|
$1.50
€1.32
|
|
| Local cheese (8 oz) |
$6.52
₩9,255
|
$6.92
€6.09
|
|
| Milk (1 gallon) |
$7.86
₩11,152
|
$4.41
€3.88
|
|
|
Eggs
1 dozen
|
$3.06
₩4,338
|
$3.05
€2.68
|
|
| Boneless chicken breast (1 lb) |
$3.57
₩5,069
|
$3.78
€3.33
|
|
| Apples (1 lb) |
$3.30
₩4,678
|
$1.13
€0.99
|
|
| Bananas (1 lb) |
$1.41
₩1,997
|
$0.87
€0.77
|
|
| Oranges (1 lb) |
$2.49
₩3,533
|
$1.01
€0.88
|
|
| Tomatoes (1 lb) |
$2.68
₩3,808
|
$1.05
€0.92
|
|
| Potatoes (1 lb) |
$1.35
₩1,920
|
$0.83
€0.73
|
|
| Onions (1 lb) |
$0.73
₩1,037
|
$0.82
€0.72
|
|
pay 61.5% more for transportation
|
Incheon
|
Madrid
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.41
₩6,251
|
$6.79
€5.97
|
|
| Monthly public transit pass |
$25.03
₩35,509
|
$42.87
€37.70
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$27,023.07
₩38,329,246
|
$35,759.38
€31,443.97
|
|
| Taxi trip in downtown area (5 miles) |
$7.91
₩11,215
|
$14.90
€13.10
|
|
pay 2.2 times more for housing
|
Incheon
|
Madrid
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$22.27
₩31,593
|
$31.85
€28.00
|
|
| 1-Bedroom apartment in downtown area |
$489.41
₩694,168
|
$1,468.90
€1,291.63
|
|
| 1-Bedroom apartment outside city center |
$334.23
₩474,066
|
$1,074.71
€945.02
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$133.35
₩189,146
|
$130.03
€114.34
|
|
pay 22.0% more for childcare
|
Incheon
|
Madrid
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$276.93
₩392,797
|
$567.57
€499.07
|
|
| Middle school for 1 child, two semesters |
$25,783.32
₩36,570,800
|
$10,069.47
€8,854.30
|
|
pay 23.0% more for entertainment and sports
|
Incheon
|
Madrid
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.86
₩4,063
|
$3.75
€3.30
|
|
| Cappuccino in mid-range area |
$3.46
₩4,910
|
$2.59
€2.27
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.22
₩4,571
|
$6.43
€5.65
|
|
| Monthly membership at local gym |
$39.21
₩55,618
|
$43.11
€37.91
|
|
| Movie ticket to theater/cinema |
$10.74
₩15,238
|
$10.72
€9.42
|
|
pay 34.1% more for clothing
|
Incheon
|
Madrid
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$58.49
₩82,962
|
$90.50
€79.58
|
|
|
Regular dress
from H&M or similar store
|
$37.24
₩52,824
|
$37.21
€32.72
|
|
|
Running shoes
Nike or Adidas
|
$60.88
₩86,348
|
$97.88
€86.07
|
|
| Men's business shoes (leather) |
$100.27
₩142,220
|
$121.40
€106.75
|
|
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