My friends there move out because too expensive to the outer cities in comunidad de Madrid! I used to lived there in the 70's so much expensive now, visit every year last was this past june and back in december 2024. Of course, if compare with those European cities it will look cheaper but salaries are too. Compare ins and outs, net results to see the real difference. Cheers
Rents are indeed increasing, but so is the average salary in Spain. I'm not saying with this that the situation is easy for locals. I totally agree that the situation is delicate and there should be more public policies to help citizens with rentals... but Madrid is still a very demanded place for expats, and there are good reasons for it
@@livinginmadridspain Still below the EU. You can even see in your chart! I have many friends there and member of Finance assoc in Spain know it well. As said need to compare cost with your salary and make a personal decision. That is all.
Nicely done video and informative and useful content 👏🙏❤️. Last year, we visited many cities in Spain for a full month. We loved everything about Spain, the culture and the people. Can’t wait to come and see Madrid in the near future. Cheers 🍻
Thank you so much for your review Mohammed. We appreciate very much knowing you experienced a lovely stay in Spain last year. Certainly It will be a great pleasure to welcome you back as soonest! Cheers 😍
In this video I try to cover the most important aspecs of the cost of living, not only rent. Maybe rent is higher than other cities (although it's still lower than in many other cities), but when you take an overall view, Madrid is quite an affordable capital city.
Great information! I will be moving to Madrid, Spain for work. I was placed at a school in ALCOBENDAS. Do you know about that area? Since i will be working there, do you recommend that i find an to apartment there or are there other neighborhoods that would be close enough?
Te income is low for people work in Madrid. That's why people from other high income countries feel Madrid is cheap. The local people feel Madrid is very expensive.
Do you know Spanish? If so, you can read this interesting article about Managers'salaries in Spain. About the one room apartment rent, it will vary a lot depending on the neighborhood, the size, and other services and facilities available. You can find apartments from 500€ to 1500€/month. Hope this helps. Any further questions, don't hesitate to ask us via email www.google.com/amp/s/www.economiadigital.es/empresas/asi-son-los-sueldos-de-los-directivos-en-espana_598745_102.html%3famp
@@martanavalpotrogil9543 ha preguntado por un apartamento de una habitación. Yo he vivido en un apartamento de 27 m2 y para una persona sola, ni tan mal... Menos que limpiar... Y pagaba menos de 600€
That statement is true in so many places... Actually Madrid has similar "Price to Income Ratio" to cities like Berlin, Vienna, Oslo or Tokio. And I'm saying similar "Price to Income Ratio", so the income differences have been taken in consideration.
@@katyedyakova2103 Sorry? Clearly you don't live in Spain. Even being a high skilled professional you don't earn enough well to live good even without luxury. You can find Data Analyst, coders, developers, etc in Madrid and Barcelona earning between €1400-€2000/month BEFORE taxes paying rents of €800-€1400. Isn't enough to afford a good life there. The same goes for the "sons" of Spain like Mexico. High skilled bilingual engineers and doctors with years of experience at Mexico earn around $10,000-$20,000/month pesos before taxes which is €388.85-€971.32, a total misery. That's why spanish professionals run away to Northern Europe and mexican ones come to Europe or move to Canada or USA.
Yes that's what i found when i research about Madrid but cost of living and taxes is low compared to DE NL UK IL(etc). for Tech profession North EU countries are better & Madrid has it's own advantage. @@TheSuperVideoRey1
Hello, sorry to bother you, I want to ask you, Is the villa complex fee in Spain is very cheap? A stupid guy told me that villa complex monthly fee with main pool facility, garden, parking lot, garbage system and security (we located close to the beach in Bali, so I assumed that the place he talked also close to the beach) in Spain is only around 800,000 idr (around 50 Euro) per month? And he also said that the water bill is also cheaper in Spain than in Bali as well, is that true? Complex water bill in Bali is around 1 euro per m3.
Hello @nathaliatan and thanks for your comment! I would say that those prices are not realistic. First of all, if the villa is only yours, you will not have to pay any monthly fee, obviously, but you will have to take care of the pool maintainence and your private security system (if you want it). In that case, you will only have to pay garbage tax, which is usually very cheap. But if you're talking about a villa inside a complex with community services (communal pool, maybe a gym or padel court, and things like that) the monthly fee for all community services is around 100€ on average, but that is only an average. It will depend on the level of luxury you look for it can be from 80 to 200 or more. As for water, the average in Spain is around 1,91 €/m3 on average, but once again, it will depend on the province, being those near the sea more expensive. I will leave you a link (in Spanish) about prices. So it is still quite affordable, but not as much as you said, nop. tarifasdeagua.es/info/precio
Tolouse has cheaper housing but higher prices in everything else, although it also has higher average monthly net salary Consumer Prices in Madrid are 21.65% lower than in Toulouse (without rent) Consumer Prices Including Rent in Madrid are 9.37% lower than in Toulouse Rent Prices in Madrid are 32.05% higher than in Toulouse Restaurant Prices in Madrid are 21.66% lower than in Toulouse Groceries Prices in Madrid are 36.04% lower than in Toulouse Local Purchasing Power in Madrid is 16.84% lower than in Toulouse
@@Supe204 well, that is not true. Spain is not in bankruptcy at all. There are problems, just like in any other place, but no way so dramatic. You will be very happy here for sure, don't worry ;)
I believe you are searching for excuses not to come. Madrid is as good of a city life as you will ever get. No kidding. Been to most European Capitals, they are all crap compared to the life you will have here
I say it in the video. This is a comparison between Madrid and other big metropolis. And in that sense, Madrid is considerably cheaper. This is not an opinion. It's based on data. I can give you my sources if you like
@@manuelfg2902 Our target are international buyers willing to move to Madrid, so my comparison must be with the most popular and well known cities in the world which are comparable to Madrid. It would make no sense to compare Madrid to Teruel or Brighton. So my focus is not a trap at all. If you have always lived in Spain and you compare Madrid to other Spanish cities, of course it is more expensive. But that's not the kind of people we're trying to reach. International buyers want to be able to compare Madrid with their main references in their countries. And that is NYC or LA in USA, not Minneapolis...
Yeah, well, that was not the point of this video and I'm certainly not an expert in economics to give my opinion on that issue, but I'm sure you have your point.
Hi we are planning to shift in Nov23 from India to madrid.... Could you guide how much would be our cost of leaving for me my spouse and 3 years child. What would be the rent cost mainly
What about your city? Do you feel your city is expensive? Tell us your thoughts and doubts!
Nice and informative, planning to move in a few months, lets see..but surely you are doing a great job.
Cheers
My friends there move out because too expensive to the outer cities in comunidad de Madrid! I used to lived there in the 70's so much expensive now, visit every year last was this past june and back in december 2024. Of course, if compare with those European cities it will look cheaper but salaries are too. Compare ins and outs, net results to see the real difference. Cheers
Rents are indeed increasing, but so is the average salary in Spain. I'm not saying with this that the situation is easy for locals. I totally agree that the situation is delicate and there should be more public policies to help citizens with rentals... but Madrid is still a very demanded place for expats, and there are good reasons for it
@@livinginmadridspain Still below the EU. You can even see in your chart! I have many friends there and member of Finance assoc in Spain know it well. As said need to compare cost with your salary and make a personal decision. That is all.
Nicely done video and informative and useful content 👏🙏❤️. Last year, we visited many cities in Spain for a full month. We loved everything about Spain, the culture and the people. Can’t wait to come and see Madrid in the near future. Cheers 🍻
Thank you so much for your review Mohammed. We appreciate very much knowing you experienced a lovely stay in Spain last year. Certainly It will be a great pleasure to welcome you back as soonest! Cheers 😍
me & my lived in Alcala de Henares for 7 weeks after we got married as my wifes cousin lives there, but I do miss Madrid
Yeah, Alcalá is beautiful indeed! I talk about it in another video. :D
Thank you for the info but that’s not what I heard about Madrid.
They say that rent in Madrid is sky high
In this video I try to cover the most important aspecs of the cost of living, not only rent. Maybe rent is higher than other cities (although it's still lower than in many other cities), but when you take an overall view, Madrid is quite an affordable capital city.
Great information! I will be moving to Madrid, Spain for work. I was placed at a school in ALCOBENDAS. Do you know about that area? Since i will be working there, do you recommend that i find an to apartment there or are there other neighborhoods that would be close enough?
But I was checking rents of 2 bedroom and are 2k euros!! Expensive
Te income is low for people work in Madrid. That's why people from other high income countries feel Madrid is cheap. The local people feel Madrid is very expensive.
what is rent of one room apartment? what are the average salaries in Madrid for multinationals managers?
Do you know Spanish? If so, you can read this interesting article about Managers'salaries in Spain.
About the one room apartment rent, it will vary a lot depending on the neighborhood, the size, and other services and facilities available. You can find apartments from 500€ to 1500€/month. Hope this helps. Any further questions, don't hesitate to ask us via email
www.google.com/amp/s/www.economiadigital.es/empresas/asi-son-los-sueldos-de-los-directivos-en-espana_598745_102.html%3famp
@@livinginmadridspain Thank you do appreciate your detailed reply.
@@livinginmadridspain Desde 500 euros en Madrid? Serán zulos
@@martanavalpotrogil9543 ha preguntado por un apartamento de una habitación. Yo he vivido en un apartamento de 27 m2 y para una persona sola, ni tan mal... Menos que limpiar... Y pagaba menos de 600€
@@pjuradom Sótanos interiores sin ventana tienen esos precios. O sea zulos a precio que no valen.
Madrid is too expensive for spanish people: Low wages for european standards, high cost of living and high taxes.
Sounds like a poorly ran government
That statement is true in so many places... Actually Madrid has similar "Price to Income Ratio" to cities like Berlin, Vienna, Oslo or Tokio. And I'm saying similar "Price to Income Ratio", so the income differences have been taken in consideration.
@@katyedyakova2103 Sorry? Clearly you don't live in Spain. Even being a high skilled professional you don't earn enough well to live good even without luxury. You can find Data Analyst, coders, developers, etc in Madrid and Barcelona earning between €1400-€2000/month BEFORE taxes paying rents of €800-€1400. Isn't enough to afford a good life there. The same goes for the "sons" of Spain like Mexico. High skilled bilingual engineers and doctors with years of experience at Mexico earn around $10,000-$20,000/month pesos before taxes which is €388.85-€971.32, a total misery. That's why spanish professionals run away to Northern Europe and mexican ones come to Europe or move to Canada or USA.
Yes that's what i found when i research about Madrid but cost of living and taxes is low compared to DE NL UK IL(etc). for Tech profession North EU countries are better & Madrid has it's own advantage. @@TheSuperVideoRey1
Hello, sorry to bother you, I want to ask you, Is the villa complex fee in Spain is very cheap? A stupid guy told me that villa complex monthly fee with main pool facility, garden, parking lot, garbage system and security (we located close to the beach in Bali, so I assumed that the place he talked also close to the beach) in Spain is only around 800,000 idr (around 50 Euro) per month? And he also said that the water bill is also cheaper in Spain than in Bali as well, is that true? Complex water bill in Bali is around 1 euro per m3.
Hello @nathaliatan and thanks for your comment! I would say that those prices are not realistic. First of all, if the villa is only yours, you will not have to pay any monthly fee, obviously, but you will have to take care of the pool maintainence and your private security system (if you want it). In that case, you will only have to pay garbage tax, which is usually very cheap.
But if you're talking about a villa inside a complex with community services (communal pool, maybe a gym or padel court, and things like that) the monthly fee for all community services is around 100€ on average, but that is only an average. It will depend on the level of luxury you look for it can be from 80 to 200 or more.
As for water, the average in Spain is around 1,91 €/m3 on average, but once again, it will depend on the province, being those near the sea more expensive. I will leave you a link (in Spanish) about prices. So it is still quite affordable, but not as much as you said, nop.
tarifasdeagua.es/info/precio
@@livinginmadridspain thank you for your reply. 🙏
I'm curious, is Madrid cheaper than Toulouse ?
Tolouse has cheaper housing but higher prices in everything else, although it also has higher average monthly net salary
Consumer Prices in Madrid are 21.65% lower than in Toulouse (without rent)
Consumer Prices Including Rent in Madrid are 9.37% lower than in Toulouse
Rent Prices in Madrid are 32.05% higher than in Toulouse
Restaurant Prices in Madrid are 21.66% lower than in Toulouse
Groceries Prices in Madrid are 36.04% lower than in Toulouse
Local Purchasing Power in Madrid is 16.84% lower than in Toulouse
Is madrid safe in 2023 Im new student and not sure if its safe with the situations right now ?
What situation exactly? Spain is one of the safest countries in the world, and Madrid is not an exception.
Economic situations … there is news about Spain bankruptcy
@@Supe204 well, that is not true. Spain is not in bankruptcy at all. There are problems, just like in any other place, but no way so dramatic. You will be very happy here for sure, don't worry ;)
I believe you are searching for excuses not to come. Madrid is as good of a city life as you will ever get. No kidding. Been to most European Capitals, they are all crap compared to the life you will have here
Madrid cheap? Compared to París, London and NYC maybe in some áreas.......but this is not really true
I say it in the video. This is a comparison between Madrid and other big metropolis. And in that sense, Madrid is considerably cheaper. This is not an opinion. It's based on data. I can give you my sources if you like
@@livinginmadridspain Madrid is cheaper than most expensives cities on the planet , true, but that doesn't mean Madrid is cheap.
Your focus is a trap.
@@manuelfg2902 Our target are international buyers willing to move to Madrid, so my comparison must be with the most popular and well known cities in the world which are comparable to Madrid. It would make no sense to compare Madrid to Teruel or Brighton. So my focus is not a trap at all. If you have always lived in Spain and you compare Madrid to other Spanish cities, of course it is more expensive. But that's not the kind of people we're trying to reach. International buyers want to be able to compare Madrid with their main references in their countries. And that is NYC or LA in USA, not Minneapolis...
@@livinginmadridspain ok, i see
You should be asking why the dollar is so over inflated despite all economic signs and actions of the US government.
Yeah, well, that was not the point of this video and I'm certainly not an expert in economics to give my opinion on that issue, but I'm sure you have your point.
@@Finestizpro who are you hoping to replace the dollar, the benevolent Chinese Communist Party yuan? People really need to get educated.
Blurry
What do you mean?
Hi we are planning to shift in Nov23 from India to madrid.... Could you guide how much would be our cost of leaving for me my spouse and 3 years child. What would be the rent cost mainly