Incheon vs Madrid - Cost of Living Comparison

Updated:

Livingcost

Incheon Madrid
🚶 Cost of living one person
$1020
$1726
👨‍👩‍👧‍👦 Cost of living Family
$3111
$3985
🏠 One person rent
$405
$986
🏘️ Family rent
$1198
$1693
🍽️ Food expenses
$430
$440
🚐 Transport expenses
$98.5
$168
💳 Monthly salary after tax
$2196
$2362
😷 Air quality
Moderate
Excellent
✈️ Airport proximity
16 km
10 km
🎓 Higher education
91
98
😀 Quality of life
94
90
🏙️ Population
2.94M
3.28M

The cost of living in Incheon is 41% less expensive than in Madrid. Cities ranked 5173rd and 2577th ($1020 vs $1726) in the list of the most expensive cities in the world and ranked 42nd and 7th in South Korea and Spain, respectively. Check South Korea vs Spain comparison.

The average after-tax salary is enough to cover living expenses for 2.2 months in Incheon compared to 1.4 months in Madrid. Incheon ranked 2nd best city to live in South Korea vs Madrid ranked 1st in Spain, while ranked 46th and 121st among best cities to live in the world.

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Cost of living in Incheon vs Madrid infographic

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Prices in Incheon vs Madrid

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

Incheon Madrid
Eating Out
🍱 Lunch Menu
$6.77
$14.1
🥂 Dinner in a Restaurant, for 2
$36.7
$58.9
🥪 Fast food meal, equiv. McDonald's
$5.66
$10
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$3.01
$4.01
 Cappuccino
$3.51
$2.55
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.51
$2.69
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$357
$1118
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$255
$805
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1436
$2068
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$903
$1386
🔌 Utility Bill one person, electricity, heating, water, etc.
$108
$85.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$167
$138
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$21.9
$32.9
🏦 Mortgage Interest Rate for 20 Years
3.58%
2.58%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$8575
$4611
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$6680
$2665
Transportation
🚌 Local transport ticket
$1.04
$1.64
🎟️ Monthly ticket local transport
$25
$43.5
🚕 Taxi Ride, 8 km or 5 mi
$8.18
$14
 Gas / Petrol, 1 L or 0.26 gal
$1.25
$1.81
Groceries
🥛 Milk, 1 L or 1 qt
$2.21
$1.15
🍞 Bread, 0.5 kg or 1.1 lb
$3.03
$1.5
🍚 Rice, 1 kg or 2.2 lb
$3.43
$1.44
🥚 Eggs, x12
$3.38
$3.16
🧀 Cheese, 1 kg or 2.2 lb
$10.6
$14.8
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.27
$8.08
🥩 Round Steak, 1 kg or 2.2 lb
$15.1
$14.9
🍏 Apples, 1 kg or 2.2 lb
$4.73
$2.39
🍌 Banana, 1 kg or 2.2 lb
$2.98
$1.93
🍊 Oranges, 1 kg or 2.2 lb
$5.99
$1.79
🍅 Tomato, 1 kg or 2.2 lb
$6.04
$2.45
🥔 Potato, 1 kg or 2.2 lb
$3.13
$1.48
🧅 Onion, 1 kg or 2.2 lb
$1.88
$1.58
🌊 Water, 1 L or 1 qt
$0.74
$0.64
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$4.6
$2.24
🍾 Wine (mid-priced), 750 mL bottle
$17
$6.7
🍺 Beer, 0.5 L or 16 fl oz
$2.24
$1.33
🚬 Cigarette pack
$3.39
$5.86
💊 Cold medicince, 1 week
$4.31
$11.5
🧴 Hair Shampoo
$6.66
$3.45
🧻 Toilet paper, 4 rolls
$3.18
$2.12
👄 Toothpaste, 1 tube
$2.08
$2.44
Other
🏋️ Gym Membership, 1 month
$36.2
$45.2
🎫 Cinema Ticket, 1 person
$11.3
$10.5
👩‍⚕️ Doctor's visit
$19.2
$72.3
💇 Haircut, simple
$7.61
$19.1
👖 Brand Jeans
$61.7
$73.2
👟 Brand Sneakers
$72.6
$84.6
👶 Daycare or Preschool, 1 month
$226
$529
🏫 International Primary School, 1 year
$19813
$9474

Cost of living in other countries

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Cost of Living in the nearest cities

Cities near Incheon

Distance City Cost of living
12 km or 7.8 mi Bucheon
$1152
19 km or 12 mi Gimpo
$1124
19 km or 12 mi Gwangmyeong
$1087
22 km or 14 mi Ansan
$1127
26 km or 16 mi Anyang
$1097
27 km or 17 mi Goyang
$1144
28 km or 18 mi Gunpo
$1120
30 km or 19 mi Gwacheon
$1056
31 km or 19 mi Hwaseong
$1088
31 km or 19 mi Uiwang
$1054
34 km or 21 mi Seoul
$1444
38 km or 23 mi Suwon
$987
42 km or 26 mi Siheung
$1081
43 km or 27 mi Seongnam
$1121
44 km or 27 mi Paju
$1072
46 km or 29 mi Guri
$1101
47 km or 29 mi Uijeongbu
$986
50 km or 31 mi Yangju
$983
51 km or 31 mi Hanam
$1069
51 km or 32 mi Osan
$1024
53 km or 33 mi Namyangju
$1106
54 km or 34 mi Gwangju
$1063
55 km or 34 mi Yongin
$1256
57 km or 35 mi Kaesong
$1542
62 km or 38 mi Dongducheon
$1077
63 km or 39 mi Dangjin
$1002
65 km or 40 mi Pyeongtaek
$924
68 km or 42 mi Pocheon
$1041
73 km or 45 mi Icheon
$949
75 km or 47 mi Anseong
$986
78 km or 48 mi Seosan
$1005
86 km or 53 mi Cheonan
$940
89 km or 56 mi Yeoju
$973
104 km or 64 mi Haeju
$1560
106 km or 66 mi Chuncheon
$911
113 km or 70 mi Wonju
$880
118 km or 74 mi Cheongju
$903
120 km or 74 mi Gongju
$949
122 km or 76 mi Sejong
$963
126 km or 78 mi Boryeong
$1084

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