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