Cost of living comparison

compared to

Pereira vs. Madrid Cost of Living Summary

Pereira vs. Madrid Cost Breakdown

If you lived in Pereira instead of Madrid, you would:

pay 45.8% less for restaurants

 
Madrid
Pereira
Basic meal with drink at inexpensive restaurant $17.92
€16.25
$8.03
COP26,617.56
Fast food combo meal
McDonalds, or similar
$11.20
€10.16
$9.26
COP30,712.57
Bottle of Coca-Cola (11 fl. oz) $3.30
€3.00
$1.40
COP4,631.32

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pay 29.3% less for groceries

 
Madrid
Pereira
Bread
1 loaf
$1.57
€1.42
$1.70
COP5,625.52
Local cheese (8 oz) $8.35
€7.58
$1.54
COP5,113.64
Milk (1 gallon) $5.25
€4.76
$4.68
COP15,501.30

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pay 22.1% less for transportation

 
Madrid
Pereira
Gasoline (1 gallon) $6.88
€6.24
$4.88
COP16,165.29
Monthly public transit pass $36.95
€33.52
??
New Volkswagen Golf 1.4 (standard edition) $35,271.67
€31,996.70
$27,172.58
COP90M

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pay 51.8% less for housing

 
Madrid
Pereira
Internet connection
50 mbps or faster, cable/dsl
$34.86
€31.63
$28.03
COP92,933.96
1-Bedroom apartment in downtown area $1,491.38
€1,352.91
$642.33
COP2M
1-Bedroom apartment outside city center $1,193.86
€1,083.01
$494.10
COP2M

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pay 24.2% less for childcare

 
Madrid
Pereira
Private preschool for 1 child, monthly $668.48
€606.41
$776.46
COP3M
Middle school for 1 child, two semesters $17,859.91
€16,201.62
$8,842.94
COP29M

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pay 26.1% less for entertainment and sports

 
Madrid
Pereira
Domestic/local beer (1 pint) $3.92
€3.56
$3.09
COP10,237.52
Cappuccino in mid-range area $3.07
€2.79
$2.60
COP8,628.84
Pack of cigarettes
Marlboro or similar
$6.72
€6.09
$3.63
COP12,029.09

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pay 8.7% more for clothing

 
Madrid
Pereira
Regular jeans
Levi's brand
$86.50
€78.47
$84.71
COP281K
Regular dress
from H&M or similar store
$42.98
€38.99
$57.44
COP190K
Running shoes
Nike or Adidas
$108.99
€98.87
$134.66
COP446K

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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 November 2026). How we calculate this

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