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What is the cost of living in Madrid? |
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It is difficult to provide an exact figure for the cost of living in Madrid, given that lifestyles vary from one person to another. The following table is designed to provide an idea of how much it costs a month to live in Madrid:
| Accomodation | Individual-> From € 500 to € 1,100 | | Sharing a flat-> From € 350 to € 600 | | Food | € 300 | | Transport | € 60 | | Medical insurances | € 60 | | Other expenses | € 200 |
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What are the opening hours for shops and public entities? |
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The majority of shops are open from Monday to Friday from 9.30h to 13.30h or 14.00h, and again in the evening from 16.30h or 17.00h to 20.30h.
Large chain stores or shopping malls open Monday to Friday from 9.30h or 10.00h until 21.00h or 22.00h. Some large stores and shopping malls also open on the first Sunday of each month.
Some restaurants, supermarkets, bookstores etc. are open every day until 03.00h in the morning.
NB: Many smaller shops close during the month of August. It is always best to phone first to make sure they are open.
Public entities have a working timetable of Monday to Friday 09.00h to 14.00h.
Bank Services: Branches are opened from Monday to Friday from 8-9 h. to 14-15 h. Many (but not all) banks also open on Saturdays from 8 to 14h. from October to March.
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What about eating out? |
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Lunchtime in Spain is between 14.00h and 16.00, and dinner usually takes place between 21.00h and 23.00. It is a good idea to book a table before going to a restaurant.
Service is often included in the prices (check the menu). It is however, customary to leave an additional tip of between 5 and 7% of the cost of the meal. |
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When should I give a tip? |
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In restaurants it is customary to leave between 5 and 7% of the cost of the meal. In hotels, it is typical to give the concierge 0,50 euros and a further 0,50 euros to the bellboy for each suitcase. Taxi drivers usually receive around 5%, but it must be pointed out that in Spain tips are by no means obligatory, they reflect that the client is happy with the service. |
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What language is spoken in Madrid? |
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The official language in Madrid is Spanish (Castilian). English and French are the more common second languages, particulary among young people. Most taxi drivers do not know English, but hotel and restaurant staff usually have at least a basic knowledge. |
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How big is Madrid? |
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Madrid is the capital and financial centre of Spain. The head offices of practically all large Spanish companies are located here along with the main subsidiaries of large multinationals.
Madrid has a population of approximately 5,022,000 people. The Regional Community of Madrid occupies some 8,027 km2, while the city has a surface area of 1,942km2. |
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What is the weather like in Madrid? |
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Madrid has a continental climate, with a dry atmosphere with temperatures that range from between -5ºC and 15ºC in winter and between 25ºC and 45ºC in the summer. Average temperatures through the year are as follows:
| January | 2-9 ºC | February | 2-11 ºC | | March | 5-15 ºC | April | 7-18 ºC | | May | 10-21 ºC | June | 15-27 ºC | | July | 17-31 ºC | August | 17-30 ºC | | September | 14-25 ºC | October | 10-19 ºC | | November | 5-13 ºC | December | 2-9 ºC |
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What are the official holidays in Madrid? |
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| January 1 | New Year´s Day | January 6 | Epiphany | | April 17 | Maundy Thursday | April 18 | Good Friday | | May 1 | International Labour Day | May 2 | Comunidad de Madrid | | May 15 | St. Isidro, Patron Saint of Madrid | August 15 | Assumption of Our Lady | | October 12 | El Pilar | November 1 | All Saint´s Day | | November 9 | Our Lady of the Almudena, Patroness of Madrid | December 6 | Constitution Day | | December 8 | Day of Our Lady´s Immaculate Conception | 25 Diciembre | Christmas Day |
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What are the emergency telephone numbers? |
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| European Community Emergency Services | 112 | | Madrid Information Services | 010 | | Civil Protection | 91-537 31 00 | | National Police Force | 091 | | Municipal Police Force | 092 | | Guardia Civil (Civil Guard) | 062 | | Fire-fighters | 080 | | Social Security | 061 | | Toxicological Department (in case of poisoning) | 91-562 04 20 |
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How do I call Madrid? |
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The code for Spain is 34, and Madrid is 91. For example, to call the IE Business School central exchange you must dial 0034-91-568 96 00.
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Where is my country´s embassy located in Madrid? |
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To find out where your embassy and consulate are, please click here |
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What currency is used in Spain? |
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As from January 2002, the Euro is the official currency of the European Union and is therefore the currency used in Spain. There are notes of 5, 10, 20, 50,100, 200 and 500 Euros, coins worth 1, 2, 5, 10, 20 and 50 centimes, and coins of 1 and 2 Euros.
To find out exchange rates, please click here. |
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Madrid is open to the world, a modern, cosmopolitan capital city that offers an enormous range of economic and cultural activities.
