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Madrid vs Prague cost of living 2026
Which is cheaper, what exactly is cheaper, and how it feels on your money · Updated September 2026
🇪🇸 Madrid
🇨🇿 PraguePrague is 22% cheaper than Madrid
Living on $4,794 a month in Madrid feels like about $3,596 in Prague — same standard of living, compared by feel rather than exchange rate.
Per day
$252 vs $206
Per month
$4,794 vs $3,596
Local meal
€ 12 vs Kč 200
$14 vs $9.3
Taxi 5 km
€ 10 vs Kč 230
$11.6 vs $10.7
At a glance
FoodPrague 30% cheaper
Cafés & drinkssimilar
TransportPrague 18% cheaper
StayPrague 22% cheaper
FunPrague 22% cheaper
- Where Prague is clearly cheaper: Convenience store (34%↓), Street food (33%↓), Local meal (33%↓)
- Where Madrid is clearly cheaper: Coffee (33%↓)
Item by item
| Item | Madrid | Prague | Cheaper |
|---|---|---|---|
| Local mealper person | € 12$14 | Kč 200$9.3 | Prague −33% |
| Street food1 item | € 5.4$6.28 | Kč 90$4.19 | Prague −33% |
| Restaurant dinnerper person | € 26$30.2 | Kč 500$23.3 | Prague −23% |
| Coffeeone cup | € 2$2.33 | Kč 75$3.49 | Madrid −33% |
| Beerone bottle | € 3$3.49 | Kč 60$2.79 | Prague −20% |
| Cocktail & wineone cup | € 7.8$9.07 | Kč 160$7.44 | Prague −18% |
| Bottled water | € 1.5$1.74 | Kč 25$1.16 | Prague −33% |
| Convenience store1 snack or drink | € 3.8$4.42 | Kč 63$2.93 | Prague −34% |
| Taxi5 km in town | € 10$11.6 | Kč 230$10.7 | Prague −8% |
| Tuk-tuk / moto taxishort hop | € 7$8.14 | Kč 130$6.05 | Prague −26% |
| Transitone ride | € 1.5$1.74 | Kč 30$1.4 | Prague −20% |
| Scooter rentalper day | € 30$34.9 | Kč 540$25.1 | Prague −28% |
| Hotel night3-star | € 120$140 | Kč 2,500$116 | Prague −17% |
| Studio rent (month) | € 1,200$1,395 | Kč 22,000$1,023 | Prague −27% |
| Laundry | € 3$3.49 | Kč 64$2.98 | Prague −15% |
| SIM card1 week data | € 13$15.1 | Kč 220$10.2 | Prague −32% |
| Haircutcut | € 16$18.6 | Kč 300$14 | Prague −25% |
| Massage1 hour | € 47$54.7 | Kč 860$40 | Prague −27% |
| Half-day tourper person | € 43$50 | Kč 860$40 | Prague −20% |
| Entry ticketTourist town | € 13$15.1 | Kč 260$12.1 | Prague −20% |
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, Madrid or Prague?
Prague is 22% cheaper than Madrid. Daily budget $252 vs $206; a month $4,794 vs $3,596.
How do monthly costs compare between Madrid and Prague?
With a short-term studio and living costs, Madrid is about $4,794 and Prague about $3,596 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.