Madrid, Spain 🇪🇸
#403
40.416704, -3.703582
Nomad Score:
74%
Essentials
| 🏙️ City | Madrid is the capital city of Spain, known for its rich cultural heritage and vibrant lifestyle. |
| 👥 Population | Approximately 3.2 million residents. |
| 💻 Internet Speed | Average internet speeds of around 100 Mbps. |
| 💸 Currency & Banking | Euro (1 EUR ≈ 1.07 USD). Major banks include Santander and BBVA. |
| 🚰 Tap Water | Drinkable, with high regulatory standards. |
| 🔌 Power | 230V, 50Hz, with Type C and F sockets. |
| 📶 SIM Card | Popular providers include Movistar, Vodafone, and Orange. |
| 💳 Banking for Expats | Revolut, N26, and traditional banks like CaixaBank. |
| 🛌 Accommodation | Options include Airbnb, Spotahome, and local real estate agencies. |
| 💳 Cashless Friendly | Yes, cards widely accepted in most places. |
| 🏠 Short Term Rentals | Airbnb and local agencies are prevalent for short-term stays. |
| 🛏️ Budget Accommodation | Hostels like Generator Madrid or The Hat Madrid provide budget-friendly options. |
Working and Networking
| 🏢 Best Coworking Space | Spaces like Impact Hub Madrid and WeWork are popular amongst digital nomads. |
| ☕ Best Cafe for Work | Café de Oriente offers a beautiful view and reliable WiFi. |
| 💼 Networking Events | Look for events on Meetup.com to expand your connections. |
| 🥂 Social Events for Expats | Facebook groups such as 'Expats in Madrid' regularly organize meetups. |
Transportation
| 🚕 Best Taxi/Ride App | Cabify and Uber are commonly used for rides. |
| 🚲 Bike/Scooter Rental | Services like Lime and Bird available for electric scooters. |
| 🏖️ Best Beach Nearby | The nearest beach, Valencia, is about 3.5 hours by train. |
| ✈️ Top Regional Airline | Iberia Regional is the main regional carrier. |
| ✈️ Top International Airline | Iberia and Air Europa cover many international destinations. |
| 🛣️ Highway Access | Main highways include A-1, A-2, A-3, A-4, and A-5. |
| 🚉 Main Train/Transit Hub | Madrid Atocha is the primary train station. |
| 🚍 Public Transport Passes | Monthly metro pass costs around €54.60. |
| ✈️ Regional Travel | High-speed trains (AVE) connect Madrid to major cities like Barcelona and Sevilla. |
Health and Wellness
| 🏥 Best Hospital | Hospital Universitario La Paz is one of the top medical facilities. |
| 🧘 Yoga & Wellness Centers | Yoga Center Madrid and Spark Yoga offer various classes. |
| 🏋️ Gyms & Fitness Centers | Basic-Fit and Holmes Place are popular gym chains. |
| 🧺 Laundry Services | Lava Rápido offers quick and convenient laundry services. |
Food and Drink
| 📱 Best Food Delivery App | Glovo and Just Eat are popular food delivery services. |
| 🍽️ Best Local Dish to Try | Cocido Madrileño, a traditional stew, is a must-try. |
| 🍱 Vegan/Vegetarian Options | Restaurants such as Veggie Room and La Libre offer plant-based options. |
| 🍫 Best Dessert Spots | Chocostore for sweet treats and delicious chocolates. |
| 🛒 Affordable Shopping Spots | Mercado de San Miguel for a variety of local foods and snacks. |
| 🛒 E-commerce/Online Store | Amazon.es and El Corte Inglés are popular online shopping sites. |
| 🛒 Grocery Delivery | Services like Instacart and Glovo offer grocery delivery. |
| 🍸 Bar/Nightlife Area | Malasaña and Chueca are well-known for their vibrant nightlife. |
| 🍻 Local Brewery | Cervecería La Virgen provides tours and tastings of local brews. |
| 🍷 Wine Bars | Vinoteca Barbechera offers an extensive selection of wines. |
| 🍲 Street Food Stalls | Food trucks at events like Madrid Food Truck. |
| 🍕 Popular International Cuisine | El Club Allard offers an international fine dining experience. |
Culture and Attractions
| 🎟️ Must-See Landmarks | The Royal Palace of Madrid and Puerta del Sol are iconic spots. |
| 🏛️ Museums & Art Venues | Museo del Prado and Museo Reina Sofía are essential art museums. |
| 🏰 Historical Sites | Explore the historic Plaza Mayor and Almudena Cathedral. |
| 🕍 Religious Sites | The Almudena Cathedral serves as a key religious landmark. |
| 🎉 Annual Events | Madrid Pride and the San Isidro Festival are notable celebrations. |
| 🎨 Cultural Districts | Malasaña and Lavapiés are vibrant cultural neighborhoods. |
| 🎭 Theater Venues | Teatro Español hosts a variety of theatrical performances. |
| 🛍️ Local Markets | Mercado de San Miguel is a famous market offering local delicacies. |
| 🎼 Music Scene | Clubs like La Riviera and Sala Momart provide a lively music scene. |
| 🎨 Street Art | Explore the street art in the Lavapiés neighborhood. |
| 🧑🍳 Cooking Classes | La Cocina de San Antón offers cooking workshops. |
| 👩🎨 Art Galleries | Galería Helga de Alvear showcases contemporary art. |
| 🕰️ Historic Buildings | The Gran Via is known for its historic architecture. |
| 🏴 Local Heritage | Madrid's rich heritage is celebrated in its festivals and traditions. |
Nature and Outdoor Activities
| 🌅 Nearby Nature Escapes | Retiro Park is a popular area for relaxation and outdoor activities. |
| 🏞️ National Parks Nearby | Sierra de Guadarrama National Park is a stunning nearby natural area. |
| 🚲 Cycling/Walking Paths | The Madrid Rio Park provides scenic paths for walking and biking. |
| 🌄 Scenic Viewpoints | The Templo de Debod offers beautiful sunset views over the city. |
| 🦉 Birdwatching Locations | Casa de Campo is great for birdwatching and nature walks. |
| 🔥 Bonfire-Friendly Spots | Designated areas in Casa de Campo allow for bonfires. |
Other Services and Amenities
| 📦 Parcel Delivery Service | Correos is the main national postal service. |
| 🛠️ Tech Repair Services | iFixIt and Apple Stores provide electronic repair services. |
| 🏓 Table Tennis Spots | Visit La Casa del Ping Pong for table tennis games. |
| 🧑🏫 Language Classes | Instituto de Idiomas offers Spanish language classes. |
| 📚 Libraries & Study Spots | Biblioteca Nacional de España is a quiet place to study. |
| 🏘️ Community Centers | Centro cultural Casa de Vacas offers cultural programs and events. |
| 🕹️ Gaming Lounges | Madriz Gaming offers a space for gamers to connect. |
| 🎰 Casino & Gaming Halls | Casino Gran Madrid provides a variety of gaming options. |
Business
| 🏢 Studio Purchase Price (City Center) | Approx. €4,200 per m² (e.g., 40 m² = €168,000) |
| 🏢 Studio Purchase Price (Outside City) | Approx. €3,000 per m² (e.g., 40 m² = €120,000) |
| 🏠 1-Bedroom Purchase Price (City Center) | Approx. €4,000 per m² (e.g., 60 m² = €240,000) |
| 🏠 1-Bedroom Purchase Price (Outside City) | Approx. €2,800 per m² (e.g., 60 m² = €168,000) |
| 🏡 2-Bedroom Purchase Price (City Center) | Approx. €3,700 per m² (e.g., 80 m² = €296,000) |
| 🏡 2-Bedroom Purchase Price (Outside City) | Approx. €2,500 per m² (e.g., 80 m² = €200,000) |
| 💼 Corporate Tax | 25% |
| 💵 Dividend Withholding Tax | 19% |
| 🏦 Tax System | Worldwide income basis. |
| 📈 Highest Income Tax Bracket | 47%. |
| 🧾 VAT | 21%. |
| 🌐 Controlled Foreign Company (CFC) Rules | Yes, applicable for certain conditions. |
| 🏠 Property Tax | Local property tax rates apply based on property value. |
| 🏠 Property Transaction Tax | 6% standard rate for property purchases. |