Madrid vs Milan: Cost of Living, Rent & Purchasing Power Comparison
Comparing Madrid (Spain) and Milan (Italy) reveals a cost-of-living index of 59.5 in Madrid versus 75.8 in Milan (NYC baseline = 100.0). Overall, Madrid is 21.5% more affordable than Milan.
| Metrological Indicator | Madrid (Spain) | Milan (Italy) |
|---|---|---|
| Cost of Living Index (NYC = 100) | 59.5 | 75.8 |
| Rent Index | 35.8 | 52.4 |
| Groceries Index | 50 | 65.1 |
| Restaurant Price Index | 53.9 | 72.9 |
| Local Purchasing Power Index | 84.1 | 83.1 |
| 1-Bed Apartment in City Center | €1,092 | €1,560 |
| Inexpensive Restaurant Meal | €13.52 | €20.80 |
| Monthly Public Transit Pass | €56.16 | €40.56 |
| Basic Monthly Utilities (85m²) | €150.80 | €213.20 |
| Safety & Healthcare Score | Safety 70.1/100 · Health 81.2/100 | Safety 46.2/100 · Health 74.8/100 |
Is Madrid more expensive than Milan?
Milan has a higher overall cost-of-living index (75.8) compared to Madrid (59.5), representing an index differential of 16.3 points (21.5% difference).
How do apartment rents compare between Madrid and Milan?
In Madrid, a 1-bedroom city-center apartment averages €1,092/month (Rent Index: 35.8), whereas in Milan it averages €1,560/month (Rent Index: 52.4).
Cost of Living & Real Estate Market in Madrid
The cost of living in Madrid, Spain is indexed at 59.5 points relative to New York City (which acts as the baseline at 100). This rating indicates a moderate expense profile for residents, digital nomads, and expats alike. When factoring in general consumer spending, local taxes, and retail prices, {city} offers a unique economic landscape.
Housing and accommodation in Madrid are defined by a Rent Index of 35.8. A typical one-bedroom apartment in the city center generally commands about €1,092 per month. For long-term stays, housing expenses represent a mid-range portion of an average expat budget, meaning finding affordable housing requires careful planning.
Daily sustenance and lifestyle expenses are key. In Madrid, a basic meal at an inexpensive local restaurant averages €13.52, while a standard cup of coffee is priced around €2.29. Public transit is accessible, with a monthly commuter pass costing approximately €56.16, and basic residential utility bills (electricity, heating, water) averaging €150.80 monthly.
Looking at quality of life metrics, Madrid secures a safety index rating of 70.1/100, which is considered highly secure. The local climate efficiency is rated at 89.2/100, healthcare standard scores 81.2/100, and digital connectivity is supported by average internet download speeds of 94.2 Mbps.
Cost of Living & Real Estate Market in Milan
The cost of living in Milan, Italy is indexed at 75.8 points relative to New York City (which acts as the baseline at 100). This rating indicates a premium-tier expense profile for residents, digital nomads, and expats alike. When factoring in general consumer spending, local taxes, and retail prices, {city} offers a unique economic landscape.
Housing and accommodation in Milan are defined by a Rent Index of 52.4. A typical one-bedroom apartment in the city center generally commands about €1,560 per month. For long-term stays, housing expenses represent a very expensive portion of an average expat budget, meaning finding affordable housing requires careful planning.
Daily sustenance and lifestyle expenses are key. In Milan, a basic meal at an inexpensive local restaurant averages €20.80, while a standard cup of coffee is priced around €1.87. Public transit is accessible, with a monthly commuter pass costing approximately €40.56, and basic residential utility bills (electricity, heating, water) averaging €213.20 monthly.
Looking at quality of life metrics, Milan secures a safety index rating of 46.2/100, which is considered highly secure. The local climate efficiency is rated at 85.4/100, healthcare standard scores 74.8/100, and digital connectivity is supported by average internet download speeds of 92.5 Mbps.