✦ Compare
Madrid vs
Milan
Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.
Madrid, ES vs Milan, IT at a glance — Milan, IT is 8% more expensive than Madrid, ES overall. Median 1-bed rent runs about $1,500/mo versus $1,300/mo. Top income tax: 43% vs 47%.
To keep the same standard of living in Milan, IT, you'd need
$80,745 / year
Milan, IT is 8% more expensive overall
Category breakdown (Milan, IT vs Madrid, ES)
- Housing+13%
- Food & groceries+5%
- Transport0%
- Utilities+9%
- Healthcare+2%
- Goods & services+6%
◎ How Madrid, ES and Milan, IT compare
Index vs the US average — the line marks 100. Lower is cheaper.
▤ Full comparison
| Madrid, ES | Milan, IT | |
|---|---|---|
| Cost of living | ||
| Overall cost index | 103 | 111 |
| Housing | 120 | 135 |
| Food | 100 | 105 |
| Transport | 80 | 80 |
| Utilities | 110 | 120 |
| Healthcare | 80 | 82 |
| Goods & services | 100 | 106 |
| Housing | ||
| Rent, 1-bed centre | $1,300/mo | $1,500/mo |
| Rent, 1-bed outside | $950/mo | $1,150/mo |
| Rent, 3-bed centre | $2,600/mo | $3,000/mo |
| Buy price / m² centre | $6,000 | $8,500 |
| Money & purchasing power | ||
| $1,000 goes as far as | $971 | $902 |
| Inexpensive meal | $14 | $16 |
| Monthly transit pass | $60 | $42 |
| Taxes | ||
| Income tax (top rate) | 47% | 43% |
| VAT / sales tax | 21% | 22% |
| Social security (employee) | 6.4% | — |
| Corporate tax | 25% | 24% |
| Capital gains | 28% | 26% |
| Economy & salaries | ||
| Avg net salary | $1,900/mo | $1,900/mo |
| Minimum wage | $1,652/mo✓ | — |
| GDP per capita | $38,627✓ | $43,309✓ |
| Inflation (annual) | 2.7%✓ | 1.5%✓ |
| Work & digital nomad | ||
| Digital-nomad visa | Yes | Yes |
| English proficiency | Low | Moderate |
| Coworking spaces | 70 | 60 |
| Time zone | UTC+1 | UTC+1 |
| Quality of life | ||
| Quality of life (overall) | 74 | 66 |
| Safety index | 62 | 55 |
| Healthcare index | 80 | 80 |
| Pollution index | 45 | 70 |
| Internet speed | 200 Mbps | 120 Mbps |
| Walkability | 88 | 85 |
| Public transport | 90 | 82 |
| Family-friendly | 68 | 64 |
| Tap water | Safe to drink | Safe to drink |
| Life expectancy | 84 yr✓ | 84 yr✓ |
| LGBTQ+ acceptance | High | Moderate |
| Climate | ||
| January avg | +6 °C | +3 °C |
| July avg | +25 °C | +24 °C |
| Sunny days / year | 250 | 130 |
| Rainfall / year | 420 mm | 1,000 mm |
| Connectivity | ||
| Flight to nearest hub | 1 h | 1 h |
Taxes & Economy & salaries: Spain vs Italy. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.
✓ = official statistics (Eurostat 2026, World Bank 2025, World Bank 2024). Unmarked figures are CostTrek estimates. How we calculate these figures →
Cost of living: Madrid vs Milan — in your currency
Converted from USD at approximate rates (2026-09).
Good to know before you move to Madrid
Spain's sunny, sociable capital — great transit and food, affordable by Western-European standards.
- Currency
- Euro (€ EUR)
- Languages
- Spanish
- Time zone
- UTC+1
- Internet
- 200 Mbps
- English
- Rarely spoken
- Safety
- 62/100
- Climate
- ❄ 6°C · ☀ 25°C · 250 sunny days/yr
- Tap water
- Safe to drink
- Power
- F · 230V
- Driving
- Right-hand side
- Popular areas
- Malasaña · Chamberí · La Latina
Good to know before you move to Milan
Italy's business, finance and fashion capital — the country's best job market, at its highest prices.
- Currency
- Euro (€ EUR)
- Languages
- Italian
- Time zone
- UTC+1
- Internet
- 120 Mbps
- English
- Fairly common
- Safety
- 55/100
- Climate
- ❄ 3°C · ☀ 24°C · 130 sunny days/yr
- Tap water
- Safe to drink
- Power
- F/L · 230V
- Driving
- Right-hand side
- Popular areas
- Navigli · Brera · Isola
Plan your move to Madrid
Everything you will book for the move — sorted, and updated as we add partners.
- FlightsCheapvuelos
- FlightsAviasales
- HotelsPlanetofhotels
- Car rentalLocalrent
- Airport transferWelcome Pickups
- Tours & ticketsKlook
- Tours & ticketsTiqets
- InsuranceSafetyWing
- eSIM / dataAiralo
- Luggage storageRadical Storage
- Flight compensationAirHelp
Sponsored
Plan your move to Milan
Everything you will book for the move — sorted, and updated as we add partners.
- FlightsCheapvuelos
- FlightsAviasales
- HotelsPlanetofhotels
- Car rentalLocalrent
- Airport transferWelcome Pickups
- Tours & ticketsKlook
- Tours & ticketsTiqets
- InsuranceSafetyWing
- eSIM / dataAiralo
- Luggage storageRadical Storage
- Flight compensationAirHelp
Sponsored
? Frequently asked questions
Moving from Madrid to Milan: cheaper or more expensive?
Moving from Madrid to Milan, your cost of living will be roughly 8% more expensive. Milan’s cost-of-living index is 111 versus 103 for Madrid (US = 100). Use the salary tool above to see the income you’d need to keep the same lifestyle.
Is Madrid cheaper than Milan?
Milan is about 8% more expensive than Madrid overall — its cost-of-living index is 111 versus 103 for Madrid.
Which is more expensive, Madrid or Milan?
Milan is more expensive than Madrid. Its cost-of-living index is 111 vs 103 (US = 100) — about 8% higher.
Is rent cheaper in Madrid or Milan?
Rent is cheaper in Madrid — about $1,300/month for a one-bedroom in the city centre, vs $1,500 in Milan.
How much do you need to earn in Milan to live like in Madrid?
To keep the same standard of living, a $75,000 salary in Madrid is worth about $80,745 in Milan. Enter your own figure in the calculator above.
Which has lower taxes, Madrid or Milan?
Italy has the lower top income-tax rate — 43% versus 47% in Spain.
◷ More comparisons from Madrid
How we calculate these figures →
Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.