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๐Ÿ’ก Smart Analysis

Comparing Nicosia and Madrid: Average gross pay is 26% higher in Madrid. Cost of living is 31% cheaper in Nicosia. With higher take-home and lower expenses, Nicosia is a more financially comfortable place to live with an affordability score of 8/10 compared to 7.5/10.

Category Comparison
๐Ÿ‡จ๐Ÿ‡พ
Nicosia
๐Ÿ‡ช๐Ÿ‡ธ
Madrid

๐Ÿ’ฐ Gross Salaries & Ranges

Average Gross Salary (Annual)
The primary average salary across experience ranges
โ‚ฌ23,120/yr
โ‚ฌ29,240/yr
HIGHER
Junior Developer Pay
โ‚ฌ11,700
โ‚ฌ14,300
Mid-Level Developer Pay
โ‚ฌ20,400
โ‚ฌ25,840
Senior Developer Pay
โ‚ฌ33,600
โ‚ฌ40,600
Lead / Architect Pay
โ‚ฌ43,400
โ‚ฌ52,500

๐Ÿ  Monthly Cost of Living

Rent โ€” City Center (1 Bed)
โ‚ฌ750
โ‚ฌ1,100
Rent โ€” Suburbs (1 Bed)
โ‚ฌ480
โ‚ฌ750
Groceries (Monthly)
โ‚ฌ190
โ‚ฌ250
Public Transport Pass
โ‚ฌ28
โ‚ฌ60
Utilities (Electricity, Internet)
โ‚ฌ115
โ‚ฌ140
Estimated Cost of Living
Rent center, groceries, transport plans & hobbies included
โ‚ฌ1,070/mo
CHEAPER
โ‚ฌ1,550/mo

๐Ÿงพ Tax rates & Take-home

Average Income Tax Rate
12%
19%
Social Security Deduction
8%
6%
Monthly Take-home (After Tax)
Estimated direct net monthly deposit based on mid-level pay
โ‚ฌ1,360/mo
โ‚ฌ1,615/mo

๐Ÿ“Š Affordability & Savings

Affordability Index
Score out of 10 comparing local net pay to costs
8
MORE AFFORDABLE
7.5
Monthly Savings Potential
Money left over after all standard cost of living expenses
โ‚ฌ290/mo
โ‚ฌ65/mo
Months to Save โ‚ฌ10,000
~15 months
~13 months
๐Ÿ‡จ๐Ÿ‡พ Complete Nicosia Breakdown & Charts โ†’ ๐Ÿ‡ช๐Ÿ‡ธ Complete Madrid Breakdown & Charts โ†’