Cost of Living in Madrid - Prices in Madrid 2024



Cost of Living in Madrid: Prices in Madrid 2024

Updated: 01.10.2024

Madrid offers a wide range of supermarket chains and local shops to cater to every budget and taste. From discount stores like DIA, Carrefour Express, Lidl and Aldi, to more upscale options like El Corte Inglés Supermercado, residents and visitors have many options. The traditional Mercados Municipales and local specialty shops like fruterías and panaderías are great for fresh and regional products. Most of these stores are located throughout the city's central neighborhoods, but larger hypermarkets like Carrefour and Alcampo tend to be more on the outskirts or in large shopping centers.

Mercados Municipales are local markets with multiple vendors selling fresh produce, meat, seafood, cheeses, and other goods. They offer a traditional shopping experience and are popular with locals who prefer fresh, locally sourced foods, some of them Mercado de San Miguel near Plaza Mayor, Mercado de San Antón in Chueca district and Mercado de la Paz in Salamanca district.

Below is a breakdown of typical prices in Madrid for food, shopping, transport and entertainment, with prices in Euros:

Food

Water (1,5L) 0,60 - 1,20€
Bread (loaf) 1 - 1,50€
Milk (1L) 0,90 - 1,20€
Potato (1kg) 1 - 2€
Rice (1kg) 1 - 2€
Eggs (12 pcs.) 2 - 4€
Chicken (local)(1kg) 7 - 12€
Beef (1kg, for stew) 12 - 15€
Pork (1kg) 5 - 8€
Lettuce (1 head) 0,70 - 2€
Cheese (local) (1kg) 7 - 12€
Onion (1 kg) 1 - 2€
Olive (1L) 1 - 2€
Sugar (1kg) 0,90 - 1.30€
Yogurt (4-pack) 1,50 - 2,50€
Juice (1L) 0,90 - 2,50€
Coca-Cola (2L) 2€
Apples (1kg) 2,30 - 3,50€
Banana (1kg) 2 - 3€
Oranges (1kg) 1,30 - 3,50€
Wine (Mid-Range) 3 - 9€
Beer (local) (0.5) 0.70 - 2€
Cigarettes 5.50 - 7€
Shampoo 2 - 20€
Soap 10 - 3€

Restaurants, bars, cafes

Breakfast (Toast, croissants, coffee, juice) 3,50 - 8€
Coffee (Café con leche) 1,50 - 2,50€
Cappuccino 2 - 4€
Tapas 1 - 3€
Fast food meal 7 - 10€
Lunch menu 10 - 15€
Dinner at mid-range restaurant 25 - 40€ (per person)
Bocadillo (Baguette sandwich) 4 - 7€
Taxi 1,10 - 1,50€ (1km)
Rent Car 15 - 90€ (3 days)
Rent Bike 12 - 15€ (Day)

Hotel & Airbnb Prices in Central Madrid

Hotels along Gran Vía are some of the most popular options due to their central location. Prices vary depending on the season, with significant increases during peak tourist months like May - September, and December.

Luxury Hotels: Peak Season: 300€ - 500€ per night and Off-Season: 150€ - 350€ per night
Examples: Four Seasons Hotel Madrid, Gran Hotel Ingles, Hotel Montera Madrid
Mid-Range Hotels: Peak Season:150€ - 250€ per night and Off-Season: 100€ - 180€ per night
Examples: Vincci Capitol, Francisco I Boutique, Hotel Atlantico
Budget Hotels: Peak Season: 80€ - 150€ per night and Off-Season: 60€ - 100€ per night
Espahotel Gran Via, Grupotel Mayorazgo, Letoh Letoh Gran Via

Airbnb

Airbnbs in and around Gran Vía are popular, especially for travelers looking for more space or the convenience of a kitchen. Prices depend on the size, amenities, and proximity to key attractions.

1-Bedroom Apartments: Peak Season: 180€ - 350€ per night and Off-Season: 100€ - 200€ per night
2-Bedroom Apartments: 180€ - 550€ per night and Off-Season: 150€ - 350€ per night

Hotels with Rooftop Swimming Pools in Madrid

Several hotels in Madrid offer stunning rooftop swimming pools, providing not only a refreshing swim but also panoramic views of the city, especially on Gran Vía and nearby areas.
Examples: Hotel Riu Plaza España, Dear Hotel Madrid, Pestana Plaza Mayor Madrid, Gran Hotel Inglés

Transport

Bus 1,5€ (One-way Ticket-75 min.)
Metro ticket (single journey) 1.50 - 2.00€
Metro pass/10-trip 12.20
Monthly transportation pass 54.60€
Bike rental 2 - 4€
Taxi ride (5km) 7 - 12€
Taxi 1,10 - 1,50€ (1km)
Taxi from/to the airport (city center) 33€
Bus from/to the airport 5€

How to get to Madrid from the airport

Attractions, Museums, Entertaiment

Prado Museum 15€
Reina Sofía Museum 12€
Flamenco show 25 - 40€
Nightclub entry 10 - 15€ (+drink)
Football match tickets (La Liga) 30 - 120€
Movie ticket 8 - 12€
Theater ticket 20 - 50€

How to buy a direct tickets to attractions in Madrid

Enjoy the best!


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