Cost of living comparison

Spain

compared to

Greece

Mykonos (Mikonos) vs. Madrid Cost of Living Summary

Mykonos (Mikonos) is 7.4% cheaper than Madrid.

Restaurants: pay 33.0% less in Mykonos (Mikonos)
Groceries: pay 17.4% less in Mykonos (Mikonos)
Transportation: pay 2.1% less in Mykonos (Mikonos)
Housing: pay 15.7% more in Mykonos (Mikonos)
Childcare: pay 62.7% less in Mykonos (Mikonos)
Entertainment and Sports: pay 5.4% more in Mykonos (Mikonos)
Clothing: pay 1.3% less in Mykonos (Mikonos)

The cost of housing and entertainment and sports in Mykonos (Mikonos) are more expensive than in Madrid. Expenses including childcare, restaurants, groceries, transportation, and clothing are lower in Mykonos (Mikonos).

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Mykonos (Mikonos) vs. Madrid Cost Breakdown

If you lived in Mykonos (Mikonos) instead of Madrid, you would:

Display currency: USD

pay 33.0% less for restaurants

	Madrid	Mykonos (Mikonos)
Basic meal with drink at inexpensive restaurant	$17.92 €15.95	$12.88 €11.46	-28.1%
Fast food combo meal McDonalds, or similar	$11.20 €9.97	$8.15 €7.25	-27.2%
Bottle of Coca-Cola (11 fl. oz)	$3.30 €2.94	$2.41 €2.14	-27.1%
Bottle of water (11 fl. oz)	$2.30 €2.05	$0.77 €0.69	-66.5%
Average			-33.0%

Madrid vs. Mykonos (Mikonos) - Cost of restaurants

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pay 17.4% less for groceries

	Madrid	Mykonos (Mikonos)
Bread 1 loaf	$1.57 €1.39	$1.46 €1.30	-6.7%
Local cheese (8 oz)	$8.35 €7.43	$7.84 €6.98	-6.2%
Milk (1 gallon)	$5.25 €4.67	$6.62 €5.89	+26.1%
Eggs 1 dozen	$4.15 €3.69	$4.25 €3.79	+2.6%
Boneless chicken breast (1 lb)	$4.23 €3.76	$4.79 €4.27	+13.4%
Apples (1 lb)	$1.17 €1.04	$1.00 €0.89	-15.0%
Bananas (1 lb)	$0.96 €0.85	$0.95 €0.85	-0.8%
Oranges (1 lb)	$1.15 €1.02	$0.62 €0.55	-46.0%
Tomatoes (1 lb)	$1.16 €1.03	$0.78 €0.70	-32.4%
Potatoes (1 lb)	$1.00 €0.89	$0.55 €0.49	-45.2%
Onions (1 lb)	$0.97 €0.86	$0.54 €0.48	-43.9%
Average			-17.4%

Madrid vs. Mykonos (Mikonos) - Cost of groceries

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pay 2.1% less for transportation

	Madrid	Mykonos (Mikonos)
Gasoline (1 gallon)	$6.88 €6.12	$8.40 €7.47	+22.1%
Monthly public transit pass	$36.95 €32.89	??
New Volkswagen Golf 1.4 (standard edition)	$35,271.67 €31,393.06	$27,970.99 €24,895.19	-20.7%
Taxi trip in downtown area (5 miles)	$15.84 €14.10	$13.44 €11.96	-15.2%
Average			-2.1%

Madrid vs. Mykonos (Mikonos) - Cost of transportation

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pay 15.7% more for housing

	Madrid	Mykonos (Mikonos)
Internet connection 50 mbps or faster, cable/dsl	$34.86 €31.03	$38.21 €34.01	+9.6%
1-Bedroom apartment in downtown area	$1,491.38 €1,327.38	$2,239.47 €1,993.21	+50.2%
1-Bedroom apartment outside city center	$1,193.86 €1,062.58	$1,119.74 €996.60	-6.2%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$144.11 €128.26	$147.95 €131.68	+2.7%
Average			+15.7%

Madrid vs. Mykonos (Mikonos) - Cost of housing

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pay 62.7% less for childcare

	Madrid	Mykonos (Mikonos)
Private preschool for 1 child, monthly	$668.48 €594.97	$411.04 €365.84	-38.5%
Middle school for 1 child, two semesters	$17,859.91 €15,895.97	$4,031.05 €3,587.78	-77.4%
Average			-62.7%

Madrid vs. Mykonos (Mikonos) - Cost of childcare

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pay 5.4% more for entertainment and sports

	Madrid	Mykonos (Mikonos)
Domestic/local beer (1 pint)	$3.92 €3.49	$5.60 €4.98	+42.9%
Cappuccino in mid-range area	$3.07 €2.74	$3.77 €3.36	+22.7%
Pack of cigarettes Marlboro or similar	$6.72 €5.98	$5.04 €4.48	-25.0%
Monthly membership at local gym	$50.67 €45.10	$55.99 €49.83	+10.5%
Movie ticket to theater/cinema	$11.20 €9.97	$8.96 €7.97	-20.0%
Average			+5.4%

Madrid vs. Mykonos (Mikonos) - Cost of entertainment and sports

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pay 1.3% less for clothing

	Madrid	Mykonos (Mikonos)
Regular jeans Levi's brand	$86.50 €76.99	$89.58 €79.73	+3.6%
Regular dress from H&M or similar store	$42.98 €38.25	$42.92 €38.20	-0.1%
Running shoes Nike or Adidas	$108.99 €97.00	$83.98 €74.75	-22.9%
Men's business shoes (leather)	$112.77 €100.37	$134.37 €119.59	+19.1%
Average			-1.3%

Madrid vs. Mykonos (Mikonos) - Cost of clothing

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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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