Cost of living comparison

Spain

compared to

Chile

Punta Arenas vs. Madrid Cost of Living Summary

Punta Arenas is 39.1% cheaper than Madrid.

Restaurants: pay 36.0% less in Punta Arenas
Groceries: pay 5.0% less in Punta Arenas
Transportation: pay 35.8% less in Punta Arenas
Housing: pay 59.3% less in Punta Arenas
Childcare: pay 54.1% less in Punta Arenas
Entertainment and Sports: pay 15.5% less in Punta Arenas
Clothing: pay 10.0% less in Punta Arenas

Expenses including housing, childcare, restaurants, transportation, entertainment and sports, and clothing are lower in Punta Arenas.

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Punta Arenas vs. Madrid Cost Breakdown

If you lived in Punta Arenas instead of Madrid, you would:

Display currency: USD

pay 36.0% less for restaurants

	Madrid	Punta Arenas
Basic meal with drink at inexpensive restaurant	$17.92 €15.95	$10.74 CLF0.2700	-40.1%
Fast food combo meal McDonalds, or similar	$11.20 €9.97	$7.93 CLF0.2000	-29.2%
Bottle of Coca-Cola (11 fl. oz)	$3.30 €2.94	$2.11 CLF0.0500	-36.1%
Bottle of water (11 fl. oz)	$2.30 €2.05	$1.40 CLF0.0300	-39.4%
Average			-36.0%

Madrid vs. Punta Arenas - Cost of restaurants

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pay 5.0% less for groceries

	Madrid	Punta Arenas
Bread 1 loaf	$1.57 €1.39	$1.51 CLF0.0400	-3.3%
Local cheese (8 oz)	$8.35 €7.43	$7.16 CLF0.1800	-14.3%
Milk (1 gallon)	$5.25 €4.67	$4.71 CLF0.1200	-10.3%
Eggs 1 dozen	$4.15 €3.69	$4.12 CLF0.1000	-0.6%
Boneless chicken breast (1 lb)	$4.23 €3.76	$4.06 CLF0.1000	-3.9%
Apples (1 lb)	$1.17 €1.04	$1.13 CLF0.0300	-3.1%
Bananas (1 lb)	$0.96 €0.85	$1.02 CLF0.0300	+6.2%
Oranges (1 lb)	$1.15 €1.02	$1.00 CLF0.0200	-13.3%
Tomatoes (1 lb)	$1.16 €1.03	$1.48 CLF0.0400	+28.1%
Potatoes (1 lb)	$1.00 €0.89	$0.65 CLF0.0200	-35.0%
Onions (1 lb)	$0.97 €0.86	$1.04 CLF0.0300	+7.6%
Average			-5.0%

Madrid vs. Punta Arenas - Cost of groceries

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pay 35.8% less for transportation

	Madrid	Punta Arenas
Gasoline (1 gallon)	$6.88 €6.12	$5.43 CLF0.1400	-21.0%
Monthly public transit pass	$36.95 €32.89	$19.92 CLF0.5000	-46.1%
New Volkswagen Golf 1.4 (standard edition)	$35,271.67 €31,393.06	$17,395.22 CLF434.8100	-50.7%
Taxi trip in downtown area (5 miles)	$15.84 €14.10	$16.88 CLF0.4200	+6.6%
Average			-35.8%

Madrid vs. Punta Arenas - Cost of transportation

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pay 59.3% less for housing

	Madrid	Punta Arenas
Internet connection 50 mbps or faster, cable/dsl	$34.86 €31.03	$20.80 CLF0.5200	-40.3%
1-Bedroom apartment in downtown area	$1,491.38 €1,327.38	$573.02 CLF14.3200	-61.6%
1-Bedroom apartment outside city center	$1,193.86 €1,062.58	$382.67 CLF9.5700	-67.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$144.11 €128.26	$114.33 CLF2.8600	-20.7%
Average			-59.3%

Madrid vs. Punta Arenas - Cost of housing

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pay 54.1% less for childcare

	Madrid	Punta Arenas
Private preschool for 1 child, monthly	$668.48 €594.97	$409.30 CLF10.2300	-38.8%
Middle school for 1 child, two semesters	$17,859.91 €15,895.97	$6,139.49 CLF153.4600	-65.6%
Average			-54.1%

Madrid vs. Punta Arenas - Cost of childcare

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pay 15.5% less for entertainment and sports

	Madrid	Punta Arenas
Domestic/local beer (1 pint)	$3.92 €3.49	$3.53 CLF0.0900	-9.9%
Cappuccino in mid-range area	$3.07 €2.74	$3.78 CLF0.0900	+23.1%
Pack of cigarettes Marlboro or similar	$6.72 €5.98	$5.22 CLF0.1300	-22.3%
Monthly membership at local gym	$50.67 €45.10	$46.05 CLF1.1500	-9.1%
Movie ticket to theater/cinema	$11.20 €9.97	$6.40 CLF0.1600	-42.9%
Average			-15.5%

Madrid vs. Punta Arenas - Cost of entertainment and sports

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pay 10.0% less for clothing

	Madrid	Punta Arenas
Regular jeans Levi's brand	$86.50 €76.99	$58.84 CLF1.4700	-32.0%
Regular dress from H&M or similar store	$42.98 €38.25	$40.93 CLF1.0200	-4.8%
Running shoes Nike or Adidas	$108.99 €97.00	$97.21 CLF2.4300	-10.8%
Men's business shoes (leather)	$112.77 €100.37	$127.91 CLF3.2000	+13.4%
Average			-10.0%

Madrid vs. Punta Arenas - 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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