Lima vs Madrid - Cost of Living Comparison

Updated: March 02, 2025

	Lima	Madrid
🚶 Cost of living one person	$977	$1781
👨‍👩‍👧‍👦 Cost of living Family	$2440	$4027
🏠 One person rent	$407	$1048
🏘️ Family rent	$726	$1736
🍽️ Food expenses	$278	$445
🚐 Transport expenses	$203	$163
💳 Monthly salary after tax	$498	$2294
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	9 km	10 km
🎓 Higher education	78	98
😀 Quality of life	65	90
🏙️ Population	9.94M	3.42M

The cost of living in Lima is 45% less expensive than in Madrid. Cities ranked 5647th and 2443rd ($977 vs $1781) in the list of the most expensive cities in the world and ranked 1st and 5th in Peru and Spain, respectively. Check Peru vs Spain comparison.

The average after-tax salary is enough to cover living expenses for 0.5 months in Lima compared to 1.3 months in Madrid. Lima ranked 1st best city to live in Peru vs Madrid ranked 1st in Spain, while ranked 4234th and 151st among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Lima vs Madrid infographic

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Prices in Lima vs Madrid

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

	Lima	Madrid
Eating Out
🍱 Lunch Menu	$4.73	$14.7
🥂 Dinner in a Restaurant, for 2	$29	$57
🥪 Fast food meal, equiv. McDonald's	$6.33	$10.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.45	$4.36
☕ Cappuccino	$3.29	$2.92
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$0.88	$2.77
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$525	$1203
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$305	$853
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$943	$2092
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$577	$1428
🔌 Utility Bill one person, electricity, heating, water, etc.	$34.3	$94
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$52.6	$145
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$23.8	$30.6
🏦 Mortgage Interest Rate for 20 Years	10%	3.59%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1476	$6884
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1418	$3988
Transportation
🚌 Local transport ticket	$0.68	$1.56
🎟️ Monthly ticket local transport	$33.7	$32.4
🚕 Taxi Ride, 8 km or 5 mi	$20.6	$15.8
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.35	$1.74
Groceries
🥛 Milk, 1 L or 1 qt	$1.45	$1.11
🍞 Bread, 0.5 kg or 1.1 lb	$1.9	$1.31
🍚 Rice, 1 kg or 2.2 lb	$1.04	$1.31
🥚 Eggs, x12	$2.94	$3.12
🧀 Cheese, 1 kg or 2.2 lb	$7.74	$13.5
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.28	$8.12
🥩 Round Steak, 1 kg or 2.2 lb	$10.7	$14.5
🍏 Apples, 1 kg or 2.2 lb	$2.02	$2.31
🍌 Banana, 1 kg or 2.2 lb	$1.08	$1.91
🍊 Oranges, 1 kg or 2.2 lb	$1.12	$2.13
🍅 Tomato, 1 kg or 2.2 lb	$1.17	$2.26
🥔 Potato, 1 kg or 2.2 lb	$1.06	$1.78
🧅 Onion, 1 kg or 2.2 lb	$1	$1.77
🌊 Water, 1 L or 1 qt	$0.59	$0.59
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.24	$2.02
🍾 Wine (mid-priced), 750 mL bottle	$9.11	$6.89
🍺 Beer, 0.5 L or 16 fl oz	$1.64	$1.21
🚬 Cigarette pack	$5.28	$6.25
💊 Cold medicince, 1 week	$5.54	$11.5
🧴 Hair Shampoo	$5.11	$3.96
🧻 Toilet paper, 4 rolls	$2.08	$2.62
👄 Toothpaste, 1 tube	$2.1	$2.99
Other
🏋️ Gym Membership, 1 month	$33.1	$45
🎫 Cinema Ticket, 1 person	$7.4	$10.2
👩‍⚕️ Doctor's visit	$32.9	$58.3
💇 Haircut, simple	$10.4	$15.1
👖 Brand Jeans	$47.9	$80.7
👟 Brand Sneakers	$88.1	$90.1
👶 Daycare or Preschool, 1 month	$201	$576
🏫 International Primary School, 1 year	$7764	$10042

Cost of living in other countries

Cost of living

$349

$907

$6.64K

Cost of Living in the nearest cities

Cities near Lima

Distance	City	Cost of living
11 km or 6.8 mi	Callao	$790
64 km or 40 mi	Huaral	$727
122 km or 76 mi	Huacho	$685
198 km or 123 mi	Huancayo	$562
205 km or 128 mi	Pisco	$614
251 km or 156 mi	Huanuco	$622
265 km or 165 mi	Ica	$656
285 km or 177 mi	Huaraz	$561
329 km or 204 mi	Ayacucho	$598
372 km or 231 mi	Chimbote	$504
483 km or 300 mi	Abancay	$591
489 km or 304 mi	Trujillo	$714
490 km or 304 mi	Pucallpa	$489
567 km or 352 mi	Cajamarca	$549
572 km or 355 mi	Cusco	$626
623 km or 387 mi	Tarapoto	$562
655 km or 407 mi	Chachapoyas	$549
663 km or 412 mi	Chiclayo	$598
685 km or 426 mi	Cruzeiro do Sul	$580
732 km or 455 mi	Jaen	$548
765 km or 475 mi	Arequipa	$588
838 km or 521 mi	Juliaca	$547
855 km or 531 mi	Puerto Maldonado	$560
858 km or 533 mi	Piura	$565
866 km or 538 mi	Puno	$520
891 km or 554 mi	Sullana	$505
896 km or 557 mi	Paita	$518
927 km or 576 mi	Loja	$600
952 km or 591 mi	Talara	$513
987 km or 614 mi	Mancora	$505
988 km or 614 mi	Tacna	$414
1014 km or 630 mi	Iquitos	$694
1014 km or 630 mi	Arica	$748
1015 km or 631 mi	Tumbes	$463
1029 km or 639 mi	Machala	$569
1032 km or 642 mi	Rio Branco	$735
1041 km or 647 mi	Cuenca	$758
1073 km or 666 mi	El Alto	$673
1077 km or 669 mi	La Paz	$688
1138 km or 707 mi	Milagro	$697

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