Izmir vs Madrid - Cost of Living Comparison

Updated: March 02, 2025

	Izmir	Madrid
🚶 Cost of living one person	$909	$1781
👨‍👩‍👧‍👦 Cost of living Family	$2294	$4027
🏠 One person rent	$437	$1048
🏘️ Family rent	$792	$1736
🍽️ Food expenses	$290	$445
🚐 Transport expenses	$76.5	$163
💳 Monthly salary after tax	$681	$2294
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	13 km	10 km
🎓 Higher education	68	98
😀 Quality of life	68	90
🏙️ Population	2.95M	3.42M

The cost of living in Izmir is 49% less expensive than in Madrid. Cities ranked 5990th and 2443rd ($909 vs $1781) in the list of the most expensive cities in the world and ranked 8th and 5th in Turkey and Spain, respectively. Check Turkey vs Spain comparison.

The average after-tax salary is enough to cover living expenses for 0.7 months in Izmir compared to 1.3 months in Madrid. Izmir ranked 3rd best city to live in Turkey vs Madrid ranked 1st in Spain, while ranked 3369th and 151st among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Izmir vs Madrid infographic

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<img src="https://livingcost.org/assets/photo/cost/izmir/madrid.jpg" alt="Cost of living in Izmir vs Madrid infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/izmir/madrid" target="_blank">Izmir vs Madrid - Cost of Living Comparison</a></p>

Prices in Izmir vs Madrid

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

	Izmir	Madrid
Eating Out
🍱 Lunch Menu	$8.23	$14.7
🥂 Dinner in a Restaurant, for 2	$35.8	$57
🥪 Fast food meal, equiv. McDonald's	$7.09	$10.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$3.26	$4.36
☕ Cappuccino	$2.9	$2.92
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.29	$2.77
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$523	$1203
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$352	$853
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$948	$2092
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$662	$1428
🔌 Utility Bill one person, electricity, heating, water, etc.	$39	$94
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$60.1	$145
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$12.4	$30.6
🏦 Mortgage Interest Rate for 20 Years	35.03%	3.59%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1738	$6884
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1020	$3988
Transportation
🚌 Local transport ticket	$0.56	$1.56
🎟️ Monthly ticket local transport	$19.3	$32.4
🚕 Taxi Ride, 8 km or 5 mi	$5.93	$15.8
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.2	$1.74
Groceries
🥛 Milk, 1 L or 1 qt	$0.98	$1.11
🍞 Bread, 0.5 kg or 1.1 lb	$0.87	$1.31
🍚 Rice, 1 kg or 2.2 lb	$1.87	$1.31
🥚 Eggs, x12	$1.77	$3.12
🧀 Cheese, 1 kg or 2.2 lb	$10	$13.5
🐔 Chicken Breast, 1 kg or 2.2 lb	$6	$8.12
🥩 Round Steak, 1 kg or 2.2 lb	$18.5	$14.5
🍏 Apples, 1 kg or 2.2 lb	$1	$2.31
🍌 Banana, 1 kg or 2.2 lb	$2.01	$1.91
🍊 Oranges, 1 kg or 2.2 lb	$1.01	$2.13
🍅 Tomato, 1 kg or 2.2 lb	$1.25	$2.26
🥔 Potato, 1 kg or 2.2 lb	$0.59	$1.78
🧅 Onion, 1 kg or 2.2 lb	$0.57	$1.77
🌊 Water, 1 L or 1 qt	$0.3	$0.59
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.83	$2.02
🍾 Wine (mid-priced), 750 mL bottle	$9.56	$6.89
🍺 Beer, 0.5 L or 16 fl oz	$1.96	$1.21
🚬 Cigarette pack	$2.07	$6.25
💊 Cold medicince, 1 week	$3.06	$11.5
🧴 Hair Shampoo	$2.42	$3.96
🧻 Toilet paper, 4 rolls	$0.36	$2.62
👄 Toothpaste, 1 tube	$2.13	$2.99
Other
🏋️ Gym Membership, 1 month	$43.3	$45
🎫 Cinema Ticket, 1 person	$6.9	$10.2
👩‍⚕️ Doctor's visit	$58.6	$58.3
💇 Haircut, simple	$8.77	$15.1
👖 Brand Jeans	$44.2	$80.7
👟 Brand Sneakers	$105	$90.1
👶 Daycare or Preschool, 1 month	$409	$576
🏫 International Primary School, 1 year	$9671	$10042

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Izmir

Distance	City	Cost of living
34 km or 21 mi	Manisa	$638
50 km or 31 mi	Turgutlu	$675
63 km or 39 mi	Kusadasi	$764
64 km or 39 mi	Tire	$681
87 km or 54 mi	Chios	$1099
87 km or 54 mi	Salihli	$677
88 km or 55 mi	Aydin	$655
93 km or 58 mi	Mytilene	$934
95 km or 59 mi	Soma	$679
117 km or 73 mi	Nazilli	$643
152 km or 94 mi	Balikesir	$707
155 km or 96 mi	Bodrum	$1038
171 km or 106 mi	Mugla	$773
185 km or 115 mi	Denizli	$477
192 km or 119 mi	Mykonos	$1838
199 km or 124 mi	Usak	$629
200 km or 124 mi	Marmaris	$1049
203 km or 126 mi	Canakkale	$690
227 km or 141 mi	Bandirma	$679
240 km or 149 mi	Rhodes	$1070
257 km or 160 mi	Bursa	$743
265 km or 164 mi	Fethiye	$843
268 km or 167 mi	Santorini	$1659
271 km or 168 mi	Kutahya	$568
276 km or 171 mi	Inegol	$708
286 km or 178 mi	Burdur	$554
288 km or 179 mi	Tekirdag	$661
292 km or 181 mi	Alexandroupoli	$911
292 km or 182 mi	Kifissia	$1265
298 km or 185 mi	Afyonkarahisar	$464
299 km or 186 mi	Nea Ionia	$1142
300 km or 186 mi	Nea Filadelfeia	$1131
302 km or 187 mi	Argyroupoli	$1284
302 km or 188 mi	Glyfada	$1437
303 km or 188 mi	Voula	$1296
303 km or 188 mi	Athens	$1272
304 km or 189 mi	Nea Smyrni	$1150
305 km or 189 mi	Kallithea	$1159
305 km or 190 mi	Peristeri	$1082
305 km or 190 mi	Palaio Faliro	$1258

Cities near Madrid

Distance	City	Cost of living
11 km or 6.6 mi	Pozuelo de Alarcon	$1565
11 km or 6.7 mi	Coslada	$1530
14 km or 8.5 mi	Alcobendas	$1433
18 km or 11 mi	Mostoles	$1573
18 km or 11 mi	Fuenlabrada	$1389
18 km or 11 mi	Torrejon de Ardoz	$1387
21 km or 13 mi	Tres Cantos	$1309
29 km or 18 mi	Alcala de Henares	$1293
50 km or 31 mi	Guadalajara	$1056
68 km or 42 mi	Toledo	$1204
69 km or 43 mi	Segovia	$1285
138 km or 86 mi	Cuenca	$1084
155 km or 97 mi	Laguna de Duero	$1201
158 km or 98 mi	Villarrobledo	$1235
162 km or 101 mi	Valladolid	$1212
177 km or 110 mi	Salamanca	$1086
196 km or 122 mi	Puertollano	$812
208 km or 129 mi	Plasencia	$1098
211 km or 131 mi	Zamora	$1286
215 km or 133 mi	Burgos	$1107
223 km or 139 mi	Albacete	$1209
242 km or 150 mi	Villanueva de la Serena	$1157
244 km or 151 mi	Requena	$1261
250 km or 156 mi	Logrono	$983
251 km or 156 mi	Caceres	$947
253 km or 157 mi	Tudela	$1241
258 km or 160 mi	Linares	$1220
269 km or 167 mi	Ubeda	$1316
272 km or 169 mi	Zaragoza	$1101
281 km or 175 mi	Merida	$1126
283 km or 176 mi	Vitoria-Gasteiz	$1532
288 km or 179 mi	Leon	$1241
295 km or 183 mi	Jaen	$930
296 km or 184 mi	Jumilla	$1241
297 km or 184 mi	Cordoba	$1100
298 km or 185 mi	Yecla	$1324
299 km or 186 mi	Braganca	$806
301 km or 187 mi	Martos	$1204
302 km or 187 mi	Caravaca de la Cruz	$1221
302 km or 188 mi	Valencia	$1522