Madrid vs New York
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Madrid vs New York
Madrid is 57% more affordable for homebuyers. Madrid has a price-to-income ratio of 8.2x compared to 9.2x in New York.
| Metric | Madrid | New York |
|---|---|---|
| Avg Home Price | $320,000 | $750,000 |
| Price / sqm | $4,800 | $12,500 |
| Rent (1BR) | $1,100/mo | $3,500/mo |
| Rent (3BR) | $1,800/mo | $5,500/mo |
| Price-to-Income | 8.2x | 9.2x |
| Mortgage Rate | 3.2% | 6.8% |
| 1yr Change | +4.8% | +2.1% |
| Median Income | $39,000/yr | $82,000/yr |
| Population | 3,300,000 | 8,300,000 |
📊
HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Madrid or New York more expensive?
Madrid is more affordable. Home prices differ by $430,000 (57%).
Which city has cheaper rent, Madrid or New York?
Rent for a 1BR in Madrid is $1,100/mo vs $3,500/mo in New York.
Explore the DataPeek Network