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Madrid or Penang
Comprehensive comparison between Madrid (Spain) and Penang (Malaysia). Analyze differences in purchasing power, housing, safety, and visas to make your next move.
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Frequently Asked Questions
Based on 2026 cost of living data, Penang is more affordable than Madrid. Madrid has a cost rating of 70/100, while Penang has a cost rating of 30/100.
In terms of safety, Madrid ranks higher with a safety score of 90/100, compared to Penang at 82/100. Madrid's safety score is 90/100 and Penang's safety score is 82/100.
Average rent in Madrid is typically 1,287.93 € per month, whereas typical rent in Penang averages €350 - €650 per month.
For Madrid, the visa process is rated as: Digital Nomad (Spain's Digital Nomad Visa is fully active and leads to the Beckham Law tax status.). For Penang, the process is rated as: DE Rantau Nomad Visa & MM2H (Malaysia’s DE Rantau Nomad Visa grants remote workers up to 2 years residence (~$24k/yr income), alongside MM2H long-term residency.).
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