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Cost of living

Balearic Islands compared to Madrid (Spain)

Overview comparison

Cost of living
973.81
1,142.6
Eating Out
11.74
10.89
Rent & Utilities
649.26
760.84
Transportation
569.7
812.23
Groceries
4.84
5.58
Other
1,481.7
767.32
Balearic IslandsMadrid (Spain)

Consumer prices in Balearic Islands are roughly 5% higher than in Madrid (Spain).

Cost of living

ItemBalearic IslandsMadrid (Spain)
Total with rent one person1,5501,746
Total with rent family3,2023,153
Without rent one person468718
Without rent one family1,9842,325
Rent & Utilities person770.391,114.97
Rent & Utilities family1,114.261,521.92
Food person362315
Food family8941,113
Transport person77.03146.72
Transport family206.73336.67
Life expectancy83.52 years78.35 years

Eating Out

ItemBalearic IslandsMadrid (Spain)
Lunch Menu16.0510.04
Dinner in a Restaurant, for 238.3740.23
Fast food meal, equiv. McDonald's8.469.13
Beer in a Pub, 0.5 L or 16 fl oz3.092.36
Cappuccino2.262.14
Pepsi / Coke, 0.5 L or 16.9 fl oz2.181.45

Rent & Utilities

ItemBalearic IslandsMadrid (Spain)
1 bedroom apartment in city Center, 40 m2 or 430 ft2936.571,233.86
Cheap 1 bedroom apartment, 40 m2 or 430 ft2786.86854.88
3 bedroom apartment in city Center, 80 m2 or 860 ft21,566.871,572.34
Cheap 3 bedroom apartment, 80 m2 or 860 ft21,051.141,497.43
Utility Bill one person, electricity, heating, water, etc.57.7861.3
Utility Bill for a Family, electricity, heating, water, etc.117.7280.45
Internet plan, 25 Mbps+ 1 month unlimited27.925.65

Transportation

ItemBalearic IslandsMadrid (Spain)
Local transport ticket3.643.18
Monthly ticket local transport2,4673,419
Taxi Ride, 8 km or 5 mi1,4772,204
Gas / Petrol, 1 L or 0.26 gal1.541.43
Mortgage Interest Rate for 20 Years23.95%35.27%
Apartment price to Buy in city Center, 1 m2 or 10 ft213.121.36
House price to Buy in Suburbs, 1 m2 or 10 ft21.651.36

Groceries

ItemBalearic IslandsMadrid (Spain)
Milk, 1 L or 1 qt1.120.94
Bread, 0.5 kg or 1.1 lb1.672.06
Eggs, x123.043.6
Cheese, 1 kg or 2.2 lb10.313.85
Chicken Breast, 1 kg or 2.2 lb8.727.3
Round Steak, 1 kg or 2.2 lb11.7814.39
Banana, 1 kg or 2.2 lb1.61.89
Water, 1 L or 1 qt0.470.61

Other

ItemBalearic IslandsMadrid (Spain)
Gym Membership, 1 month53.9449.48
Cinema Ticket, 1 person9.898.01
Doctors visit66.4983.37
Haircut, simple15.6711.69
Brand Jeans49.8470.08
Brand Sneakers110.32104.26
Daycare or Preschool, 1 month816.47386.63
International Primary School, 1 year10,7315,425