Cost of living comparison
Madrid is 53.1% cheaper than Monaco overall.
- Restaurants
-
pay 47.6% less in Madrid
- Groceries
-
pay 55.1% less in Madrid
- Transportation
-
pay 8.9% less in Madrid
- Housing
-
pay 73.7% less in Madrid
- Childcare
-
pay 72.6% less in Madrid
- Entertainment and Sports
-
pay 56.9% less in Madrid
- Clothing
-
pay 57.1% less in Madrid
Expenses including housing, childcare, clothing, entertainment and sports, groceries, and restaurants are lower in Madrid.
If you lived in Madrid instead of Monaco, you would:
pay 47.6% less for restaurants
|
Monaco
|
Madrid
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$36.21
€31.84
|
$16.08
€14.14
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.32
€9.95
|
$10.72
€9.42
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$5.61
€4.93
|
$2.79
€2.45
|
|
| Bottle of water (11 fl. oz) |
$8.77
€7.71
|
$1.80
€1.59
|
|
pay 55.1% less for groceries
|
Monaco
|
Madrid
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$5.69
€5.01
|
$1.50
€1.32
|
|
| Local cheese (8 oz) |
$11.39
€10.01
|
$6.92
€6.09
|
|
| Milk (1 gallon) |
$8.62
€7.58
|
$4.41
€3.88
|
|
|
Eggs
1 dozen
|
$5.55
€4.88
|
$3.05
€2.68
|
|
| Boneless chicken breast (1 lb) |
$8.45
€7.43
|
$3.78
€3.33
|
|
| Apples (1 lb) |
$2.57
€2.26
|
$1.13
€0.99
|
|
| Bananas (1 lb) |
$2.47
€2.17
|
$0.87
€0.77
|
|
| Oranges (1 lb) |
$1.98
€1.74
|
$1.01
€0.88
|
|
| Tomatoes (1 lb) |
$2.92
€2.57
|
$1.05
€0.92
|
|
| Potatoes (1 lb) |
$1.69
€1.48
|
$0.83
€0.73
|
|
| Onions (1 lb) |
$2.02
€1.78
|
$0.82
€0.72
|
|
pay 8.9% less for transportation
|
Monaco
|
Madrid
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.68
€7.63
|
$6.79
€5.97
|
|
| Monthly public transit pass |
$29.74
€26.15
|
$42.87
€37.70
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$49,160.43
€43,227.80
|
$35,759.38
€31,443.97
|
|
| Taxi trip in downtown area (5 miles) |
$21.44
€18.85
|
$14.90
€13.10
|
|
pay 73.7% less for housing
|
Monaco
|
Madrid
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$110.93
€97.54
|
$31.85
€28.00
|
|
| 1-Bedroom apartment in downtown area |
$9,401.30
€8,266.76
|
$1,468.90
€1,291.63
|
|
| 1-Bedroom apartment outside city center |
$6,591.34
€5,795.91
|
$1,074.71
€945.02
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$292.40
€257.11
|
$130.03
€114.34
|
|
pay 72.6% less for childcare
|
Monaco
|
Madrid
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$2,759.79
€2,426.74
|
$567.57
€499.07
|
|
| Middle school for 1 child, two semesters |
$29,406.50
€25,857.75
|
$10,069.47
€8,854.30
|
|
pay 56.9% less for entertainment and sports
|
Monaco
|
Madrid
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.11
€8.01
|
$3.75
€3.30
|
|
| Cappuccino in mid-range area |
$6.29
€5.53
|
$2.59
€2.27
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.06
€10.60
|
$6.43
€5.65
|
|
| Monthly membership at local gym |
$512.44
€450.60
|
$43.11
€37.91
|
|
| Movie ticket to theater/cinema |
$15.00
€13.19
|
$10.72
€9.42
|
|
pay 57.1% less for clothing
|
Monaco
|
Madrid
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$194.39
€170.93
|
$90.50
€79.58
|
|
|
Regular dress
from H&M or similar store
|
$75.16
€66.09
|
$37.21
€32.72
|
|
|
Running shoes
Nike or Adidas
|
$203.37
€178.82
|
$97.88
€86.07
|
|
| Men's business shoes (leather) |
$446.93
€392.99
|
$121.40
€106.75
|
|
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