Cost of Living & Salary Comparison 2026
Yes, Madrid is 53% cheaper than Tel Aviv based on our cost of living index. Madrid has a COLI of 38.0, while Tel Aviv has a COLI of 81.3. 53% cheaper
Overall, Madrid is approximately 53% cheaper than Tel Aviv based on our cost of living index. Madrid has a COLI of 38.0 (ranked #69 of 182 cities), while Tel Aviv has a COLI of 81.3 (ranked #10).
When it comes to housing, one-bedroom apartment rent in Madrid averages $1,100/month compared to $1,800/month in Tel Aviv. That makes Madrid approximately 39% cheaper for rent alone.
Tel Aviv has lower total deductions (28.5%) compared to Madrid (28.8%), meaning you keep more of your gross salary in Tel Aviv. When evaluating a relocation, remember that total deductions directly impact your take-home pay and should be weighed alongside cost of living differences.
Full breakdown of mandatory payroll deductions for a mid-range salary as a local employee in each city.
Rates shown for local employees. Expat deductions may differ — use the main converter for personalized calculations.
If you earn €63,592 in Madrid, you would need approximately ₪577,561 in Tel Aviv to maintain the same purchasing power. That is 53% more due to higher cost of living.
Estimated mid-level annual salaries in local currency, adjusted for each city's cost of living:
| Job Title | Madrid (EUR) | Tel Aviv (ILS) |
|---|---|---|
| Doctor (General) | €57,996 | ₪526,736 |
| Software Engineer | €27,387 | ₪248,736 |
| Product Manager | €32,220 | ₪292,631 |
| Lawyer | €32,220 | ₪292,631 |
| Data Scientist | €30,609 | ₪277,999 |
| Marketing Manager | €23,198 | ₪210,694 |
| Teacher | €15,466 | ₪140,463 |
| Nurse | €18,688 | ₪169,726 |
Salary estimates are adjusted by each city's COLI relative to the New York baseline. Actual salaries vary by company, experience, and industry.
| Neighborhood | Multiplier |
|---|---|
| Salamanca | 1.30x (+30%) |
| Chamberí | 1.18x (+18%) |
| Retiro | 1.15x (+15%) |
| Barrio de las Letras | 1.15x (+15%) |
| Chueca | 1.12x (+12%) |
| Neighborhood | Multiplier |
|---|---|
| Rothschild Blvd | 1.35x (+35%) |
| Neve Tzedek | 1.30x (+30%) |
| Herzliya Pituach | 1.28x (+28%) |
| Lev Ha'ir (City Centre) | 1.25x (+25%) |
| Old North | 1.20x (+20%) |
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Open Salary ConverterTel Aviv is more expensive overall. Madrid has a COLI of 38.0 while Tel Aviv has a COLI of 81.3, making Madrid approximately 53% cheaper.
To maintain the same standard of living as €63,592 in Madrid, you would need approximately ₪577,561 in Tel Aviv.
Average one-bedroom rent in Madrid is $1,100/month compared to $1,800/month in Tel Aviv. Madrid has lower rent by approximately 39%.
Tel Aviv has lower total deductions (28.5%) compared to Madrid (28.8%), meaning you keep more of your gross salary in Tel Aviv.
Cost of living indices (COLI) are benchmarked to New York City = 100 and derived from Numbeo and Expatistan crowd-sourced price surveys, cross-referenced with national statistics agencies. Rent data from Numbeo Property Prices.
Salary ranges are compiled from the U.S. Bureau of Labor Statistics (OES), Glassdoor, and PayScale. Tax rates are approximate effective rates for mid-range earners based on OECD Taxing Wages and national tax authorities. Exchange rates from the European Central Bank. Neighborhood multipliers are estimated from local rental indices and property data.
Last updated: 2026-02-28. Data is refreshed periodically. All figures are estimates for informational purposes only.