Cost of living
Madrid (Spain) compared to Balearic Islands
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Overview comparison
Madrid (Spain)Balearic Islands
Consumer prices in Balearic Islands are roughly 5% higher than in Madrid (Spain).
Cost of living
| Item | Madrid (Spain) | Balearic Islands |
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| Total with rent one person | 1,746 | 1,550 |
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| Total with rent family | 3,153 | 3,202 |
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| Without rent one person | 718 | 468 |
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| Without rent one family | 2,325 | 1,984 |
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| Rent & Utilities person | 1,114.97 | 770.39 |
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| Rent & Utilities family | 1,521.92 | 1,114.26 |
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| Food person | 315 | 362 |
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| Food family | 1,113 | 894 |
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| Transport person | 146.72 | 77.03 |
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| Transport family | 336.67 | 206.73 |
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| Life expectancy | 78.35 years | 83.52 years |
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Eating Out
| Item | Madrid (Spain) | Balearic Islands |
|---|
| Lunch Menu | 10.04 | 16.05 |
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| Dinner in a Restaurant, for 2 | 40.23 | 38.37 |
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| Fast food meal, equiv. McDonald's | 9.13 | 8.46 |
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| Beer in a Pub, 0.5 L or 16 fl oz | 2.36 | 3.09 |
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| Cappuccino | 2.14 | 2.26 |
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| Pepsi / Coke, 0.5 L or 16.9 fl oz | 1.45 | 2.18 |
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Rent & Utilities
| Item | Madrid (Spain) | Balearic Islands |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 1,233.86 | 936.57 |
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| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 854.88 | 786.86 |
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| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 1,572.34 | 1,566.87 |
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| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 1,497.43 | 1,051.14 |
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| Utility Bill one person, electricity, heating, water, etc. | 61.3 | 57.78 |
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| Utility Bill for a Family, electricity, heating, water, etc. | 80.45 | 117.72 |
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| Internet plan, 25 Mbps+ 1 month unlimited | 25.65 | 27.9 |
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Transportation
| Item | Madrid (Spain) | Balearic Islands |
|---|
| Local transport ticket | 3.18 | 3.64 |
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| Monthly ticket local transport | 3,419 | 2,467 |
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| Taxi Ride, 8 km or 5 mi | 2,204 | 1,477 |
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| Gas / Petrol, 1 L or 0.26 gal | 1.43 | 1.54 |
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| Mortgage Interest Rate for 20 Years | 35.27% | 23.95% |
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| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 21.36 | 13.1 |
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| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 1.36 | 1.65 |
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Groceries
| Item | Madrid (Spain) | Balearic Islands |
|---|
| Milk, 1 L or 1 qt | 0.94 | 1.12 |
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| Bread, 0.5 kg or 1.1 lb | 2.06 | 1.67 |
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| Eggs, x12 | 3.6 | 3.04 |
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| Cheese, 1 kg or 2.2 lb | 13.85 | 10.3 |
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| Chicken Breast, 1 kg or 2.2 lb | 7.3 | 8.72 |
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| Round Steak, 1 kg or 2.2 lb | 14.39 | 11.78 |
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| Banana, 1 kg or 2.2 lb | 1.89 | 1.6 |
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| Water, 1 L or 1 qt | 0.61 | 0.47 |
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Other
| Item | Madrid (Spain) | Balearic Islands |
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| Gym Membership, 1 month | 49.48 | 53.94 |
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| Cinema Ticket, 1 person | 8.01 | 9.89 |
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| Doctors visit | 83.37 | 66.49 |
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| Haircut, simple | 11.69 | 15.67 |
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| Brand Jeans | 70.08 | 49.84 |
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| Brand Sneakers | 104.26 | 110.32 |
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| Daycare or Preschool, 1 month | 386.63 | 816.47 |
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| International Primary School, 1 year | 5,425 | 10,731 |
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