Living expenses in Madrid

Posted by Ilaria   on 19th May 2022
Living in Madrid is not that pricey, but you have to be careful to control your budget. The most expensive thing in Madrid is probably the rent. In fact, the average price for a room in the city centre is between 400-600 euros. Personally, I paid 490 without bills, and about 520 with bills. In the peripheral areas of Madrid you can also find accommodation from 300 to 400 euros, but obviously there will be fewer facilities than in the centre. The monthly transport card is only 20 euros for those under 26 years old (Abono Joven) and you can take all metro, buses and trains throughout the metropolitan region of Madrid. If you are over 26 years old, the price of the monthly card starts at 54.60€ and increases depending on how many zones you add to your purchase. However, if you live with or near your friends, you can share an Uber or Cabify at very affordable prices. Eating and drinking out in Madrid is probably the most convenient thing. Tapas and cerveza are an almost daily appointment for Spaniards. For example, a place to enjoy bocadillos and cerveza at student prices is 100 Montaditos, which on some days has an 'everything for 1€' promotion. For my monthly shopping I spend around 100€, trying to go to cheaper supermarkets such as Lidl, Dia and Mercadona. Going out in Madrid can be surprising. In fact, there are many clubs with free entry especially for Erasmus students and more chic discos, where entry is around 15€.

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