Cost of living
Ibiza compared to Madrid (Spain)
🏛️
Overview comparison
IbizaMadrid (Spain)
Consumer prices in Ibiza are roughly 0% higher than in Madrid (Spain).
Cost of living
| Item | Ibiza | Madrid (Spain) |
|---|
| Total with rent one person | 1,579 | 1,746 |
|---|
| Total with rent family | 3,668 | 3,153 |
|---|
| Without rent one person | 706 | 718 |
|---|
| Without rent one family | 2,225 | 2,325 |
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| Rent & Utilities person | 716.33 | 1,114.97 |
|---|
| Rent & Utilities family | 1,177.73 | 1,521.92 |
|---|
| Food person | 410 | 315 |
|---|
| Food family | 1,012 | 1,113 |
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| Transport person | 118.19 | 146.72 |
|---|
| Transport family | 269.26 | 336.67 |
|---|
| Life expectancy | 83.11 years | 78.35 years |
|---|
Eating Out
| Item | Ibiza | Madrid (Spain) |
|---|
| Lunch Menu | 18.33 | 10.04 |
|---|
| Dinner in a Restaurant, for 2 | 51.4 | 40.23 |
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| Fast food meal, equiv. McDonald's | 13.32 | 9.13 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 2.97 | 2.36 |
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| Cappuccino | 2.45 | 2.14 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 2.71 | 1.45 |
|---|
Rent & Utilities
| Item | Ibiza | Madrid (Spain) |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 671.2 | 1,233.86 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 582.12 | 854.88 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,407.38 | 1,572.34 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 713.38 | 1,497.43 |
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| Utility Bill one person, electricity, heating, water, etc. | 68.56 | 61.3 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 108.04 | 80.45 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 33.16 | 25.65 |
|---|
Transportation
| Item | Ibiza | Madrid (Spain) |
|---|
| Local transport ticket | 4.05 | 3.18 |
|---|
| Monthly ticket local transport | 4,133 | 3,419 |
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| Taxi Ride, 8 km or 5 mi | 1,966 | 2,204 |
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| Gas / Petrol, 1 L or 0.26 gal | 1.94 | 1.43 |
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| Mortgage Interest Rate for 20 Years | 42.39% | 35.27% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 13.84 | 21.36 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.84 | 1.36 |
|---|
Groceries
| Item | Ibiza | Madrid (Spain) |
|---|
| Milk, 1 L or 1 qt | 1.35 | 0.94 |
|---|
| Bread, 0.5 kg or 1.1 lb | 2.08 | 2.06 |
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| Eggs, x12 | 2.84 | 3.6 |
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| Cheese, 1 kg or 2.2 lb | 17.7 | 13.85 |
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| Chicken Breast, 1 kg or 2.2 lb | 6.44 | 7.3 |
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| Round Steak, 1 kg or 2.2 lb | 23.06 | 14.39 |
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| Banana, 1 kg or 2.2 lb | 2.4 | 1.89 |
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| Water, 1 L or 1 qt | 0.4 | 0.61 |
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Other
| Item | Ibiza | Madrid (Spain) |
|---|
| Gym Membership, 1 month | 53.82 | 49.48 |
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| Cinema Ticket, 1 person | 10.26 | 8.01 |
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| Doctors visit | 46.48 | 83.37 |
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| Haircut, simple | 13.5 | 11.69 |
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| Brand Jeans | 86.7 | 70.08 |
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| Brand Sneakers | 98.91 | 104.26 |
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| Daycare or Preschool, 1 month | 498.72 | 386.63 |
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| International Primary School, 1 year | 7,227 | 5,425 |
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