Madrid vs New Taipei - Cost of Living Comparison

Updated: March 01, 2024

	Madrid	New Taipei
🚶 Cost of living one person	$1726	$1011
👨‍👩‍👧‍👦 Cost of living Family	$3985	$2876
🏠 One person rent	$986	$394
🏘️ Family rent	$1693	$948
🍽️ Food expenses	$440	$390
🚐 Transport expenses	$168	$125
💳 Monthly salary after tax	$2362	$1496
😷 Air quality	Excellent	Good
✈️ Airport proximity	10 km	13 km
🎓 Higher education	98	95
😀 Quality of life	90	88
🏙️ Population	3.28M	4.36M

The cost of living in Madrid is 71% more expensive than in New Taipei. Cities ranked 2577th and 5229th ($1726 vs $1011) in the list of the most expensive cities in the world and ranked 7th and 2nd in Spain and Taiwan, respectively. Check Spain vs Taiwan comparison.

The average after-tax salary is enough to cover living expenses for 1.4 months in Madrid compared to 1.5 months in New Taipei. Madrid ranked 1st best city to live in Spain vs New Taipei ranked 1st in Taiwan, while ranked 121st and 181st among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Madrid vs New Taipei infographic

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Prices in Madrid vs New Taipei

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

	Madrid	New Taipei
Eating Out
🍱 Lunch Menu	$14.1	$4.75
🥂 Dinner in a Restaurant, for 2	$58.9	$28.7
🥪 Fast food meal, equiv. McDonald's	$10	$4.82
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$4.01	$1.81
☕ Cappuccino	$2.55	$2.42
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.69	$0.91
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$1118	$342
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$805	$302
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$2068	$1097
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$1386	$766
🔌 Utility Bill one person, electricity, heating, water, etc.	$85.8	$61.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$138	$94.1
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$32.9	$22.6
🏦 Mortgage Interest Rate for 20 Years	2.58%	1.77%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$4611	$9649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$2665	$5036
Transportation
🚌 Local transport ticket	$1.64	$0.79
🎟️ Monthly ticket local transport	$43.5	$39.3
🚕 Taxi Ride, 8 km or 5 mi	$14	$8.9
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.81	$1.01
Groceries
🥛 Milk, 1 L or 1 qt	$1.15	$2.98
🍞 Bread, 0.5 kg or 1.1 lb	$1.5	$1.71
🍚 Rice, 1 kg or 2.2 lb	$1.44	$4.22
🥚 Eggs, x12	$3.16	$2.89
🧀 Cheese, 1 kg or 2.2 lb	$14.8	$15.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$8.08	$7.89
🥩 Round Steak, 1 kg or 2.2 lb	$14.9	$23.6
🍏 Apples, 1 kg or 2.2 lb	$2.39	$5.22
🍌 Banana, 1 kg or 2.2 lb	$1.93	$1.58
🍊 Oranges, 1 kg or 2.2 lb	$1.79	$2.3
🍅 Tomato, 1 kg or 2.2 lb	$2.45	$2.99
🥔 Potato, 1 kg or 2.2 lb	$1.48	$2.17
🧅 Onion, 1 kg or 2.2 lb	$1.58	$1.9
🌊 Water, 1 L or 1 qt	$0.64	$0.72
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.24	$1.73
🍾 Wine (mid-priced), 750 mL bottle	$6.7	$12.1
🍺 Beer, 0.5 L or 16 fl oz	$1.33	$1.61
🚬 Cigarette pack	$5.86	$3.45
💊 Cold medicince, 1 week	$11.5	$9.74
🧴 Hair Shampoo	$3.45	$7.86
🧻 Toilet paper, 4 rolls	$2.12	$2
👄 Toothpaste, 1 tube	$2.44	$2.76
Other
🏋️ Gym Membership, 1 month	$45.2	$31.6
🎫 Cinema Ticket, 1 person	$10.5	$9.42
👩‍⚕️ Doctor's visit	$72.3	$35.5
💇 Haircut, simple	$19.1	$16.2
👖 Brand Jeans	$73.2	$60.4
👟 Brand Sneakers	$84.6	$84.3
👶 Daycare or Preschool, 1 month	$529	$503
🏫 International Primary School, 1 year	$9474	$11035

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

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

Cities near New Taipei

Distance	City	Cost of living
9.6 km or 6 mi	Taipei	$1169
29 km or 18 mi	Taoyuan	$861
33 km or 20 mi	Keelung	$860
42 km or 26 mi	Yilan	$863
48 km or 30 mi	Zhubei	$917
53 km or 33 mi	Hsinchu	$860
80 km or 50 mi	Miaoli	$746
124 km or 77 mi	Taichung	$995
140 km or 87 mi	Changhua	$890
144 km or 90 mi	Nantou	$857
171 km or 106 mi	Douliu	$791
198 km or 123 mi	Chiayi	$725
246 km or 153 mi	Fuzhou	$664
250 km or 155 mi	Putian	$675
252 km or 157 mi	Taitung	$952
259 km or 161 mi	Tainan	$913
267 km or 166 mi	Ningde	$694
283 km or 176 mi	Ishigaki	$1114
289 km or 179 mi	Quanzhou	$689
290 km or 180 mi	Jinjiang	$676
291 km or 181 mi	Kaohsiung	$932
318 km or 197 mi	Rui'an	$744
321 km or 199 mi	Kinmen	$851
341 km or 212 mi	Wenzhou	$787
345 km or 214 mi	Xiamen	$721
375 km or 233 mi	Nanping	$678
375 km or 233 mi	Wenling	$735
386 km or 240 mi	Zhangzhou	$719
387 km or 241 mi	Miyakojima	$1115
408 km or 253 mi	Sanming	$667
411 km or 256 mi	Lishui	$741
428 km or 266 mi	Linhai	$719
445 km or 277 mi	Longyan	$713
457 km or 284 mi	Wuyishan	$655
489 km or 304 mi	Jinhua	$811
497 km or 309 mi	Yiwu	$725
507 km or 315 mi	Quzhou	$644
510 km or 317 mi	Chaozhou	$588
515 km or 320 mi	Shangrao	$721
515 km or 320 mi	Shantou	$589