How much money do you need to live comfortably in Madrid?

Global budget estimation bare necessities in Madrid’s city center for an expat: 800 – 1000 € living a bit more comfortably, eating out with some week-end excursions: 1100 – 1500 € professional type living comfortably, travelling extensively : 1600 – 2000 €

Is Madrid Spain expensive to live?

Spain is known to be an affordable destination for travellers, especially for Western Europe. And while Madrid is more expensive than most other Spanish cities, it certainly doesn’t cost as much to live here compared to other major European cities such as London, Copenhagen, or Stockholm.

What is living in Madrid like?

To live in Madrid is to live in a modern, sprawling city with the history and Latin charm that you would expect from the Spanish capital. The people, known locally as Madrilenos, are welcoming and open. Madrid is home to beautiful boulevards and classic architecture, as well as many cultural and social attractions.

How much money do you need in Madrid?

How much money will you need for your trip to Madrid? You should plan to spend around €107 ($121) per day on your vacation in Madrid, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, €27 ($31) on meals for one day and €15 ($17) on local transportation.

Is Madrid expensive to live?

Are Madrid people friendly?

The central characteristic that unites Madrid people is easy to identify: they love to socialize. You will find people on the streets at all hours of the night, every night of the week. And, on the whole, Madrid’s inhabitants are quite friendly and ready to welcome you to the fiesta with them.

Is Madrid cheap or expensive?

Madrid is one of Europe’s cheapest capital cities, perfect for the traveler on a budget – you can eat, drink and get around town without spending a lot.

Is living in Madrid expensive?

What is the minimum salary in Madrid in 2021?

The minimum salary in Madrid, Spain is currently of € 950 (salario minimo interprofessional) as of January 2021. Spain has a national minimum wage that applies to all regions.

What is the cost of living in Spain?

The cost of living in Spain is well below the European average, particularly outside of Madrid and Barcelona. However, the average salary is also quite low in comparison to the rest of the EU. Currently the minimum monthly salary for full time employment is around €750 a month.

What is the average monthly salary in Spain?

Currently the minimum monthly salary for full time employment is around €750 a month. Salaries are, of course, industry specific and vary based on experience and position held; but the current mean average salary in Spain is around €2,500 a month.

How much is the minimum wage in Spain 2019?

2019 minimum wage (14 payments): €900.00 per month. 2018 minimum wage (14 payments): €736.00 per month. 2017 minimum wage (14 payments): €707.60 per month. More than 5.5 million people in Spain earn the Spanish minimum wage. The reforms will make the biggest difference for women, who perform the bulk of part-time and temporary work.