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The Cost of Living in Madrid

 
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booty



Joined: 22 Aug 2004
Posts: 94

PostPosted: Mon Aug 20, 2007 6:21 pm    Post subject: The Cost of Living in Madrid Reply with quote

What is the minimum amount needed to have a reasonable standard of living in Madrid? I'm not going to be drunk every night. All I want to be albe to do is go out 3 times a week, have the odd weekend away and still have a roof over my head.
I also hope to be paying no more than 400E a month in rent.
1000 E a month do it in Madrid? or More????
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Moore



Joined: 25 Aug 2004
Posts: 730
Location: Madrid

PostPosted: Tue Aug 21, 2007 7:17 am    Post subject: Reply with quote

It really depends if you want to stay for just 9 months or if you want to stay over summer and carry on here long term, pay taxes etc. If it's just a short stay, then about 1200 a month should be fine, if you want to stay a bit longer or need to save anything then you will need to be on 1600 a month a soon as possible.

I think before you mentioned an offer from Aztex in another post: do they pay a 9 month contract? Even though these contracts are rubbish, at least they get you over the multitude of public holidays and the Christmas slump, but will not help you at all over summer.

Madrid can get pretty expensive if you want a social life: you end up going out here almost all the time, whether you intended to at first or not: it's basically the whole point of being here!

You can supplement your income with private classes easily enough: there's loads of demand. Basically for academy work never accept less than 16 euros an hour for contract work, and twenty an hour for autonomo, and for privates you should be asking for at least 20 and hour for relatively central/several hours together, 25 an hour for further out.

Summer is the tricky part: if you have no commitments/ girlfriend etc. here then you can nip off to the coast to teach summer camps, if you have papers then you can zip back to the UK, but if, like me and my mates, that's not an option then you have to make sure you have saved up enough to see you through summer and try to pick up a few hours here and there as they come up.

All the wages I mention here are pretty realistic, just make sure you get up to a full schedule as soon as you possibly can: it's better to be knocking back work than to be still on a two-thirds full timetable after 2 months.

Hope this helps, best of luck with your jobhunt Smile
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