Cost of living comparison
compared to
Madrid vs. Ibiza Cost of Living Summary
Madrid is 15.2% cheaper than Ibiza.
Madrid vs. Ibiza Cost Breakdown
If you lived in Madrid instead of Ibiza, you would:
pay 11.5% less for restaurants
|
Ibiza
|
Madrid
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$22.39
€19.99
|
$17.92
€15.99
|
|
|
Fast food combo meal
McDonalds, or similar
|
$12.32
€10.99
|
$11.20
€9.99
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.70
€2.41
|
$3.30
€2.95
|
|
| Bottle of water (11 fl. oz) |
$2.49
€2.22
|
$2.30
€2.05
|
|
Ibiza vs. Madrid - Cost of restaurants
pay 26.4% less for groceries
|
Ibiza
|
Madrid
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.36
€3.00
|
$1.57
€1.40
|
|
| Local cheese (8 oz) |
$10.08
€8.99
|
$8.35
€7.45
|
|
| Milk (1 gallon) |
$5.09
€4.54
|
$5.25
€4.69
|
|
|
Eggs
1 dozen
|
?? |
$4.15
€3.70
|
|
| Boneless chicken breast (1 lb) | ?? |
$4.23
€3.77
|
|
| Apples (1 lb) | ?? |
$1.17
€1.05
|
|
| Bananas (1 lb) | ?? |
$0.96
€0.86
|
|
| Oranges (1 lb) | ?? |
$1.15
€1.03
|
|
| Tomatoes (1 lb) | ?? |
$1.16
€1.03
|
|
| Potatoes (1 lb) | ?? |
$1.00
€0.89
|
|
| Onions (1 lb) | ?? |
$0.97
€0.86
|
|
Ibiza vs. Madrid - Cost of groceries
pay 0.5% more for transportation
|
Ibiza
|
Madrid
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.86
€6.13
|
$6.88
€6.14
|
|
| Monthly public transit pass | ?? |
$36.95
€32.98
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$35,271.67
€31,481.31
|
$35,271.67
€31,481.31
|
|
| Taxi trip in downtown area (5 miles) |
$15.32
€13.67
|
$15.84
€14.14
|
|
Ibiza vs. Madrid - Cost of transportation
pay 25.3% less for housing
|
Ibiza
|
Madrid
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$31.73
€28.32
|
$34.86
€31.12
|
|
| 1-Bedroom apartment in downtown area |
$2,052.85
€1,832.25
|
$1,491.38
€1,331.11
|
|
| 1-Bedroom apartment outside city center |
$1,735.59
€1,549.08
|
$1,193.86
€1,065.57
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$163.76
€146.16
|
$144.11
€128.62
|
|
Ibiza vs. Madrid - Cost of housing
pay 19.8% less for childcare
|
Ibiza
|
Madrid
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$828.60
€739.56
|
$668.48
€596.65
|
|
| Middle school for 1 child, two semesters |
$22,394.71
€19,988.13
|
$17,859.91
€15,940.65
|
|
Ibiza vs. Madrid - Cost of childcare
pay 25.0% less for entertainment and sports
|
Ibiza
|
Madrid
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.36
€3.00
|
$3.92
€3.50
|
|
| Cappuccino in mid-range area |
$3.25
€2.90
|
$3.07
€2.74
|
|
|
Pack of cigarettes
Marlboro or similar
|
?? |
$6.72
€6.00
|
|
| Monthly membership at local gym |
$106.37
€94.94
|
$50.67
€45.22
|
|
| Movie ticket to theater/cinema |
$16.24
€14.49
|
$11.20
€9.99
|
|
Ibiza vs. Madrid - Cost of entertainment and sports
pay 86.6% more for clothing
|
Ibiza
|
Madrid
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$40.31
€35.98
|
$86.50
€77.20
|
|
|
Regular dress
from H&M or similar store
|
?? |
$42.98
€38.36
|
|
|
Running shoes
Nike or Adidas
|
$67.18
€59.96
|
$108.99
€97.28
|
|
| Men's business shoes (leather) | ?? |
$112.77
€100.65
|
|
Ibiza vs. Madrid - Cost of clothing
We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this
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