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Hanoi vs Madrid cost of living 2026
Which is cheaper, what exactly is cheaper, and how it feels on your money · Updated September 2026
🇻🇳 Hanoi
🇪🇸 MadridHanoi is 286% cheaper than Madrid
Living on $1,422 a month in Hanoi feels like about $4,794 in Madrid — same standard of living, compared by feel rather than exchange rate.
Per day
$57.8 vs $252
Per month
$1,422 vs $4,794
Local meal
₫ 50,000 vs € 12
$1.9 vs $14
Taxi 5 km
₫ 85,000 vs € 10
$3.23 vs $11.6
At a glance
FoodHanoi 83% cheaper
Cafés & drinksHanoi 61% cheaper
TransportHanoi 81% cheaper
StayHanoi 74% cheaper
FunHanoi 72% cheaper
- Where Hanoi is clearly cheaper: Local meal (86%↓), Street food (86%↓), Transit (85%↓)
Item by item
| Item | Hanoi | Madrid | Cheaper |
|---|---|---|---|
| Local mealper person | ₫ 50,000$1.9 | € 12$14 | Hanoi −86% |
| Street food1 item | ₫ 23,000$0.87 | € 5.4$6.28 | Hanoi −86% |
| Restaurant dinnerper person | ₫ 230,000$8.75 | € 26$30.2 | Hanoi −71% |
| Coffeeone cup | ₫ 40,000$1.52 | € 2$2.33 | Hanoi −35% |
| Beerone bottle | ₫ 30,000$1.14 | € 3$3.49 | Hanoi −67% |
| Cocktail & wineone cup | ₫ 78,000$2.97 | € 7.8$9.07 | Hanoi −67% |
| Bottled water | ₫ 8,000$0.3 | € 1.5$1.74 | Hanoi −83% |
| Convenience store1 snack or drink | ₫ 20,000$0.76 | € 3.8$4.42 | Hanoi −83% |
| Taxi5 km in town | ₫ 85,000$3.23 | € 10$11.6 | Hanoi −72% |
| Tuk-tuk / moto taxishort hop | ₫ 39,000$1.48 | € 7$8.14 | Hanoi −82% |
| Transitone ride | ₫ 7,000$0.27 | € 1.5$1.74 | Hanoi −85% |
| Scooter rentalper day | ₫ 160,000$6.08 | € 30$34.9 | Hanoi −83% |
| Hotel night3-star | ₫ 800,000$30.4 | € 120$140 | Hanoi −78% |
| Studio rent (month) | ₫ 12,000,000$456 | € 1,200$1,395 | Hanoi −67% |
| Laundry | ₫ 32,000$1.22 | € 3$3.49 | Hanoi −65% |
| SIM card1 week data | ₫ 160,000$6.08 | € 13$15.1 | Hanoi −60% |
| Haircutcut | ₫ 91,000$3.46 | € 16$18.6 | Hanoi −81% |
| Massage1 hour | ₫ 260,000$9.89 | € 47$54.7 | Hanoi −82% |
| Half-day tourper person | ₫ 660,000$25.1 | € 43$50 | Hanoi −50% |
| Entry ticketTourist town | ₫ 130,000$4.94 | € 13$15.1 | Hanoi −67% |
Reference prices start as estimates from published price levels; items with 3+ traveler reports use the median of real reports. Hostels and local eateries cut both by 30%+.
FAQ
Which is cheaper, Hanoi or Madrid?
Hanoi is 286% cheaper than Madrid. Daily budget $57.8 vs $252; a month $1,422 vs $4,794.
How do monthly costs compare between Hanoi and Madrid?
With a short-term studio and living costs, Hanoi is about $1,422 and Madrid about $4,794 per month.
Where do the numbers come from?
They start as estimates informed by published price levels; any item with 3+ traveler reports switches to the median of real reports. Live reports are in the app.