How much does it cost to live in Madrid?
The cost of living in Madrid is a concern for many citizens. The Spanish capital has become one of the most expensive cities in Europe in recent years, with prices rising significantly in some sectors.
From the point of view of housing, rental prices have increased in recent years, especially in the most central and tourist neighborhoods. Renting a one-bedroom apartment in the center of Madrid can cost from 400 to 1,000 euros per month, while an apartment with two or more rooms can cost from 1,000 to 1,500 euros per month. This makes it increasingly difficult to find affordable accommodation.
The food, if it is done away from home, can cost us from 10 to 30 euros, on average. In case we make the purchase, weekly it could cost us around 30 or 40 euros to fill the basket.
Although life in Madrid can be expensive, there are also many ways to save money. Public transport in Madrid is relatively cheap, with metro and bus tickets costing between €1.50 and €2, or monthly passes as low as €20 for young people. In addition, there are many restaurants and bars that offer discounts for students.
The price of leisure has also increased significantly. At present, the price of tickets for cinema, theater and other shows has been affected due to the increase in rental and real estate prices. This has prompted organizers to increase their ticket prices to cover costs. Also, many museums and galleries have raised their prices in order to stay afloat.
How to save money living in Madrid?
Luckily, there are some alternatives for those who want to enjoy the culture and the city without breaking the bank. Many of Madrid’s most famous museums have free admission days, and there are numerous galleries and theaters where tickets can be found at very cheap prices.
Using discount cards for restaurants, movie tickets, and other activities can go a long way toward saving money. It can also be useful to use coupons in supermarkets.
If you want to save money on renting your apartment, we recommend that you use different search applications to find better offers. You can also check this link and follow our advice.
Conclusion
We can conclude that Madrid is one of the most expensive cities in Spain to live. However, good planning and making the right decisions can save us a lot of money and be able to live with a good standard of living at an affordable cost, reducing the cost of living in Madrid.
