You are probably wondering how much does it costs to study in Madrid, if you have ever thought about choosing Madrid as your study destination,. At Students Global Relocation we know that studying away from home is a significant financial investment, but you can make the most of it with a little planning. That’s why today we are helping you calculate how much it costs to live in the Spanish capital, so you can make the most of your university experience abroad.
Accommodation
While you study in Madrid, you will need a place to stay, a home away from home. The city offers thousands of rental options, which can make the search for an apartment a complicated task. That’s why Students Global Relocation brings you the best options for student housing. You will be able to find a room in shared apartments, studios, student residences that include full board services and even the option of a Coliving.
The price will depend on the type of accommodation you prefer and the neighborhood where you want to live. These are the reference prices for accommodation in the city:
- Room in a shared apartment: 450-700 euros per month.
- Studios and apartments: 800-1300 euros per month
- Student residences: 1,000-1,800 euros per month
- Coliving: 275-300 euros per month
When choosing your accommodation, you will also have to take into account the bills for electricity, water, natural gas and internet. Basic services in Madrid are paid every two months and can cost between 100 and 150 euros.
Food
Food expenses, along with housing, are the most important to plan for. Spain has one of the best cuisines in the world for a very affordable cost. Luckily, you will be able to enjoy typical Spanish food and stay within your budget.
Monthly groceries for one person are around 150 euros, including toiletries and cleaning supplies. Although eating at home will always be cheaper, the city is full of inexpensive bars. You can find drinks and tapas for 2.5 euros as well as restaurants with daily menus for 12 euros.
Transport
Madrid has one of the best public transport services in Europe. Fortunately, young people under 26 years old can travel on metro, trains and all buses in the city for unlimited travel for only 20 euros per month. Acquiring your Public Transport Card is a fairly simple procedure, at SGR we are sure that it will allow you to get to know every corner of this beautiful city.
Other expenses
When moving to another country it is important to be cautious, so you will need to have a little extra money for any eventuality. Keep in mind that you will need to buy medicine in case you catch a cold, buy books for college and any other purchases such as clothes and shoes.
If you have thought about studying in Madrid, you will know its great cultural and leisure offers. The experience of living in another country goes far beyond studying. To enjoy Madrid, do fun activities and go out with your classmates you will have to set aside a little of your budget depending on your plans.
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