How Much Does It Cost to Live in Madrid as a Student?

By Michael Ferguson

Are you considering studying in Madrid, Spain? One of the most important things to consider is the cost of living.

Madrid is a vibrant and exciting city with plenty to offer students, but it’s important to have a realistic idea of how much it will cost you. In this article, we’ll take a look at the different expenses you can expect as a student in Madrid.

Housing

One of the biggest expenses for students in Madrid is housing. The cost of accommodation will depend on several factors such as location, type of housing, and amenities.

On average, renting a room in a shared apartment can cost between 300€-500€ per month. If you prefer living alone, then renting a studio or one-bedroom apartment can cost between 600€-900€ per month.

Food

The cost of food in Madrid is relatively affordable compared to other European cities. Students can expect to spend around 200€-250€ per month on groceries and eating out.

There are many Supermarkets and local markets where you can find fresh produce at reasonable prices. Eating out at restaurants or cafes can also be affordable if you stick to local places rather than touristy areas.

Transportation

Madrid has an excellent public transportation system that includes buses, trains, and metro lines. As a student, you can purchase a monthly pass for unlimited use on all modes of transportation for around 20€-35€ per month depending on your age and status as a student.

Utilities

When renting an apartment in Madrid, it’s essential to factor in utilities such as electricity, water, gas, and internet. Utilities can vary depending on your usage and size of the apartment but typically range between 80€-150€ per month.

Entertainment

Madrid is known for its vibrant nightlife and cultural events. As a student, you can take advantage of discounted tickets to museums, theaters, and other attractions. Going out to bars or clubs can be expensive, but there are plenty of alternatives such as free concerts or events in public spaces.

Conclusion

In conclusion, the cost of living in Madrid as a student will depend on your lifestyle and preferences. However, on average, students can expect to spend around 800€-1000€ per month on basic expenses such as housing, food, transportation, utilities, and entertainment. It’s important to budget accordingly and take advantage of discounts and affordable options available for students in Madrid.