Hamburg, IA vs Madrid, IA

There is a significant gap in the cost of living between these two cities. Hamburg is 20.6% cheaper than Madrid. With a cost index of 62 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hamburg to Madrid should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hamburg is $717/month compared to $1,034/month in Madrid — a 31% difference. Home values follow the same pattern: Hamburg is more affordable at $107,300 median vs $185,100.

Median household income in Hamburg is $57,727 compared to $86,915 in Madrid (-33.6%). While Madrid is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hamburg spend roughly 14.9% of their income on rent, more than the 14.3% in Madrid.

Climate-wise, Hamburg is notably warmer with an average of 53.1°F compared to 48.6°F in Madrid. Madrid receives more rainfall at 35.9" per year compared to 34.7" in Hamburg.