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Citizens from non-EU countries will have to apply for a visa in case they are going to move to Madrid and stay there for long. Before moving to Madrid from the USA, Canada, Australia, and other non-EU countries check the visa types and determine which one is the most suitable for you depending on the duration and purpose of your visit.
Expats usually see no point in buying real estate property in Madrid if they are moving there only for a few years and do not have exact plans for the future. The price for 1 square meter in Madrid ranges between €2,000 and €7,000.
When moving to Madrid for studying, the average monthly price for a one-bedroom apartment will cost around €500 in the suburbs of Madrid. If you are moving to Madrid with your family, be ready to pay about €800 per month for a 2-bedroom apartment.
LIVING IN MADRID
Luckily, Madrid is not a very expensive city to live in. This is especially convenient for students and fresh graduates who are usually on a limited budget. At the same time, the average salary in Madrid is not that high as in London or Paris, so typical expatriates find it challenging to save some money while living and working in Madrid. To figure the cost of living in Madrid, have in mind that you will pay around €120-150 for utilities, €42 for the Internet, and €1.7 for a cup of cappuccino.
Do you need to send urgent documents to Madrid to secure a place to stay before moving?
Even though Madrid is the major business centre in Spain, it has not fully recovered from the economic crisis. The unemployment rate is still high, while many expats report that it is difficult to find job opportunities in Madrid. Still, expats relocating to Madrid can work as native teachers of English and IT professionals. There is also an option to immigrate to Madrid as a part of the intra-company transfer. Anyway, it is always better to learn Spanish before moving to Madrid and reach at least the level B1.
If you are moving to Madrid from the USA or a Latin American country where Spanish is spoken widely, then you do not need to make any extra effort in learning the local language and so do your children. Public schools in Madrid are free of charge for the children of legal immigrant workers and expats. Mostly, foreigners moving to Madrid with children prefer private schools, which stick to the national curriculum but have smaller classes and an in-depth study of certain subjects. Moreover, some private schools offer bilingual education or even international curricula.
The Spanish healthcare system is accessible to legal residents. Everyone who pays social security contributions is eligible to get medical services in public healthcare institutions in Madrid or any other city across the country. However, expats moving to Madrid usually opt to purchase private health insurance additionally to have access to a wide range of private clinics with English-speaking medical staff.
The EU and EEA citizens can drive a car in Madrid with a valid International driver’s licence. You must register with travel authorities within six months after becoming a resident of Spain and obtain a Spanish driver’s licence then.
In 2018, a new project, Madrid Central came into action. Madrid Central gives priority to pedestrians, cyclists, and public transport. If your office or working place is located in the central part of Madrid, it is better to get there by bus, metro, or bicycle.
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