George Town vs Madrid - Cost of Living Comparison

Updated: March 01, 2024

	George Town	Madrid
🚶 Cost of living one person	$3374	$1726
👨‍👩‍👧‍👦 Cost of living Family	$8402	$3985
🏠 One person rent	$2280	$986
🏘️ Family rent	$4877	$1693
🍽️ Food expenses	$837	$440
🚐 Transport expenses	$58.3	$168
💳 Monthly salary after tax	$4688	$2362
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	2 km	10 km
🎓 Higher education	20	98
😀 Quality of life	77	90
🏙️ Population	41K	3.28M

The cost of living in George Town is 95% more expensive than in Madrid. Cities ranked 32nd and 2577th ($3374 vs $1726) in the list of the most expensive cities in the world and ranked 1st and 7th in the Cayman Islands and Spain, respectively. Check the Cayman Islands vs Spain comparison.

The average after-tax salary is enough to cover living expenses for 1.4 months in George Town compared to 1.4 months in Madrid. George Town ranked 1st best city to live in the Cayman Islands vs Madrid ranked 1st in Spain, while ranked 754th and 121st among best cities to live in the world.

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the estimated difference in money purchasing power

Cost of living in George Town vs Madrid infographic

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Prices in George Town vs Madrid

Prices for goods and services in George Town and Madrid are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	George Town	Madrid
Eating Out
🍱 Lunch Menu	$30.2	$14.1
🥂 Dinner in a Restaurant, for 2	$83.8	$58.9
🥪 Fast food meal, equiv. McDonald's	$14.9	$10
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$7.15	$4.01
☕ Cappuccino	$6.34	$2.55
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.42	$2.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2356	$1118
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$1954	$805
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$5734	$2068
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$4269	$1386
🔌 Utility Bill one person, electricity, heating, water, etc.	$126	$85.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$195	$138
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$120	$32.9
🏦 Mortgage Interest Rate for 20 Years	7.08%	2.58%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$8481	$4611
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$5200	$2665
Transportation
🚌 Local transport ticket	$2.4	$1.64
🎟️ Monthly ticket local transport	$30.1	$43.5
🚕 Taxi Ride, 8 km or 5 mi	$22.5	$14
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.84	$1.81
Groceries
🥛 Milk, 1 L or 1 qt	$3.78	$1.15
🍞 Bread, 0.5 kg or 1.1 lb	$4.86	$1.5
🍚 Rice, 1 kg or 2.2 lb	$6.2	$1.44
🥚 Eggs, x12	$7.93	$3.16
🧀 Cheese, 1 kg or 2.2 lb	$13.2	$14.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$12	$8.08
🥩 Round Steak, 1 kg or 2.2 lb	$14.7	$14.9
🍏 Apples, 1 kg or 2.2 lb	$9.7	$2.39
🍌 Banana, 1 kg or 2.2 lb	$3.87	$1.93
🍊 Oranges, 1 kg or 2.2 lb	$7.5	$1.79
🍅 Tomato, 1 kg or 2.2 lb	$4.89	$2.45
🥔 Potato, 1 kg or 2.2 lb	$3.02	$1.48
🧅 Onion, 1 kg or 2.2 lb	$2.98	$1.58
🌊 Water, 1 L or 1 qt	$1.9	$0.64
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.74	$2.24
🍾 Wine (mid-priced), 750 mL bottle	$23.9	$6.7
🍺 Beer, 0.5 L or 16 fl oz	$4.41	$1.33
🚬 Cigarette pack	$13.2	$5.86
💊 Cold medicince, 1 week	$9.74	$11.5
🧴 Hair Shampoo	$5.49	$3.45
🧻 Toilet paper, 4 rolls	$4.3	$2.12
👄 Toothpaste, 1 tube	$2.35	$2.44
Other
🏋️ Gym Membership, 1 month	$78.3	$45.2
🎫 Cinema Ticket, 1 person	$17.8	$10.5
👩‍⚕️ Doctor's visit	$112	$72.3
💇 Haircut, simple	$24.3	$19.1
👖 Brand Jeans	$86	$73.2
👟 Brand Sneakers	$139	$84.6
👶 Daycare or Preschool, 1 month	$1229	$529
🏫 International Primary School, 1 year	$25346	$9474

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near George Town

Distance	City	Cost of living
333 km or 207 mi	Cienfuegos	$1247
356 km or 221 mi	Sancti Spiritus	$1507
361 km or 225 mi	Savanna-la-Mar	$1020
375 km or 233 mi	Montego Bay	$1005
377 km or 234 mi	Santa Clara	$1312
381 km or 237 mi	Placetas	$1371
385 km or 239 mi	Colon	$1209
394 km or 245 mi	Ciego de Avila	$1654
402 km or 250 mi	Guines	$1138
412 km or 256 mi	Florida	$1784
414 km or 257 mi	Sagua La Grande	$1269
418 km or 260 mi	Artemisa	$1092
418 km or 260 mi	Cardenas	$1220
419 km or 260 mi	Matanzas	$1182
422 km or 262 mi	Pinar del Rio	$1137
425 km or 264 mi	Moron	$1626
429 km or 266 mi	Camaguey	$1869
430 km or 267 mi	Mandeville	$674
440 km or 273 mi	Havana	$1001
459 km or 285 mi	May Pen	$768
461 km or 287 mi	Manzanillo	$2841
473 km or 294 mi	Old Harbour	$698
476 km or 296 mi	Linstead	$936
476 km or 296 mi	Yara	$2555
487 km or 303 mi	Spanish Town	$758
498 km or 310 mi	Las Tunas	$1727
503 km or 312 mi	Half Way Tree	$1062
504 km or 313 mi	Kingston	$1250
510 km or 317 mi	Bayamo	$2153
533 km or 331 mi	Port Antonio	$1005
563 km or 350 mi	Holguin	$1176
573 km or 356 mi	Palma Soriano	$1536
587 km or 365 mi	Santiago de Cuba	$1527
588 km or 365 mi	Key West	$3241
593 km or 369 mi	Cozumel	$940
599 km or 372 mi	Isla Mujeres	$1048
608 km or 378 mi	Cancun	$1291
615 km or 382 mi	Playa del Carmen	$1101
646 km or 401 mi	Tulum	$1322
653 km or 405 mi	Guantanamo	$1671

Cities near Madrid

Distance	City	Cost of living
11 km or 6.6 mi	Pozuelo de Alarcon	$1721
11 km or 6.7 mi	Coslada	$1368
14 km or 8.5 mi	Alcobendas	$1377
18 km or 11 mi	Mostoles	$1572
18 km or 11 mi	Fuenlabrada	$1492
18 km or 11 mi	Torrejon de Ardoz	$1219
21 km or 13 mi	Tres Cantos	$1298
29 km or 18 mi	Alcala de Henares	$1156
50 km or 31 mi	Guadalajara	$1138
68 km or 42 mi	Toledo	$1282
69 km or 43 mi	Segovia	$1303
138 km or 86 mi	Cuenca	$1139
155 km or 97 mi	Laguna de Duero	$1187
158 km or 98 mi	Villarrobledo	$1203
162 km or 101 mi	Valladolid	$1207
177 km or 110 mi	Salamanca	$973
196 km or 122 mi	Puertollano	$932
208 km or 129 mi	Plasencia	$1127
211 km or 131 mi	Zamora	$1140
215 km or 133 mi	Burgos	$1109
223 km or 139 mi	Albacete	$983
242 km or 150 mi	Villanueva de la Serena	$1137
244 km or 151 mi	Requena	$1241
250 km or 156 mi	Logrono	$1142
251 km or 156 mi	Caceres	$902
253 km or 157 mi	Tudela	$1260
258 km or 160 mi	Linares	$1206
269 km or 167 mi	Ubeda	$1283
272 km or 169 mi	Zaragoza	$1327
281 km or 175 mi	Merida	$1096
283 km or 176 mi	Vitoria-Gasteiz	$1382
288 km or 179 mi	Leon	$987
295 km or 183 mi	Jaen	$963
296 km or 184 mi	Jumilla	$1191
297 km or 184 mi	Cordoba	$1056
298 km or 185 mi	Yecla	$1210
299 km or 186 mi	Braganca	$807
301 km or 187 mi	Martos	$1214
302 km or 187 mi	Caravaca de la Cruz	$1176
302 km or 188 mi	Valencia	$1437