✦ Compare
Singapore vs
Madrid
Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.
To keep the same standard of living in Madrid, ES, you'd need
$57,844 / year
Madrid, ES is 23% cheaper overall
Category breakdown (Madrid, ES vs Singapore, SG)
- Housing-36%
- Food & groceries0%
- Transport-16%
- Utilities0%
- Healthcare-24%
- Goods & services-18%
Median 1-bed rent
$2,600 /mo
Singapore, SG overview →
Median 1-bed rent
$1,300 /mo
Madrid, ES overview →
â–¤ Full comparison
| Singapore, SG | Madrid, ES | |
|---|---|---|
| Cost of living | ||
| Overall cost index | 134 | 103 |
| Housing | 188 | 120 |
| Food | 100 | 100 |
| Transport | 95 | 80 |
| Utilities | 110 | 110 |
| Healthcare | 105 | 80 |
| Goods & services | 122 | 100 |
| Housing | ||
| Rent, 1-bed centre | $2,600/mo | $1,300/mo |
| Rent, 1-bed outside | $1,900/mo | $950/mo |
| Rent, 3-bed centre | $6,000/mo | $2,600/mo |
| Buy price / m² centre | $15,000 | $6,000 |
| Money & purchasing power | ||
| $1,000 goes as far as | $749 | $971 |
| Inexpensive meal | $6 | $14 |
| Monthly transit pass | $90 | $60 |
| Taxes | ||
| Income tax (top rate) | 24% | 47% |
| VAT / sales tax | 9% | 21% |
| Social security (employee) | — | 6.4% |
| Corporate tax | 17% | 25% |
| Capital gains | 0% | 28% |
| Economy & salaries | ||
| Avg net salary | $4,500/mo | $1,900/mo |
| Minimum wage | — | $1,300/mo |
| GDP per capita | $88,000 | $34,000 |
| Work & digital nomad | ||
| Digital-nomad visa | No | Yes |
| English proficiency | High | Low |
| Coworking spaces | 100 | 70 |
| Time zone | UTC+8 | UTC+1 |
| Quality of life | ||
| Safety index | 88 | 62 |
| Healthcare index | 88 | 80 |
| Pollution index | 45 | 45 |
| Internet speed | 280 Mbps | 200 Mbps |
| Walkability | 80 | 88 |
| Public transport | 95 | 90 |
| Family-friendly | 78 | 68 |
| Tap water | Safe to drink | Safe to drink |
| Health insurance | $120/mo | — |
| Life expectancy | 84 yr | 83 yr |
| LGBTQ+ acceptance | Low | High |
| Climate | ||
| January avg | +26 °C | +6 °C |
| July avg | +28 °C | +25 °C |
| Sunny days / year | 160 | 250 |
| Rainfall / year | 2,340 mm | 420 mm |
| Connectivity | ||
| Flight to nearest hub | 1 h | 1 h |
Taxes & Economy & salaries: Singapore vs Spain. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.
? Frequently asked questions
Is Singapore cheaper than Madrid?
Madrid is about 23% cheaper than Singapore overall — its cost-of-living index is 103 versus 134 for Singapore.
How much do you need to earn in Madrid to live like in Singapore?
To keep the same standard of living, a $75,000 salary in Singapore is worth about $57,844 in Madrid. Enter your own figure in the calculator above.
Which has lower taxes, Singapore or Madrid?
Singapore has the lower top income-tax rate — 24% versus 47% in Spain.
â—· More comparisons from Singapore
Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.