Cost of Living Comparison Between Canary Islands and Madrid Cost of Living Comparison Between Canary Islands and Madrid

🙂 Solo nomad: Canary Islands is 16.2% cheaper than Madrid without rent, and 30.5% cheaper with rent.

🙂 Family of 3: Canary Islands is 7.4% cheaper than Madrid without rent, and 35.3% cheaper with rent.

Meal at Budget Restaurant

$17.07 €14.73

$17.03 €14.7

0.23%

Three-Course Dinner for Two, Mid-Range

$57.1 €49.33

$70.3 €60.7

-18.72%

Fast Food Meal (McDonalds, etc)

$10.1 €8.72

$11.77 €10.16

-14.19%

Cappuccino

$1.69 €1.46

$3.21 €2.77

-47.35%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.84 €1.59

$3.18 €2.75

-42.14%

Water (0.33 liter bottle)

$1.07 €0.92

$2.1 €1.82

-49.05%

Local Beer (0.5 liter draught)

$2.81 €2.42

$4.13 €3.56

-31.96%

Imported Beer (0.33 liter bottle)

$3.31 €2.86

$4.49 €3.88

-26.28%

Milk (1 liter)

$1.22 €1.05

$1.23 €1.07

-0.81%

White Bread (500g)

$1.72 €1.48

$1.63 €1.41

5.52%

Rice (white) (1kg)

$1.44 €1.25

$1.64 €1.41

-12.20%

Eggs

$3.03 €2.61

$3.34 €2.89

-9.28%

Local Cheese (1kg)

$17.03 €14.7

$14.88 €12.84

14.45%

Chicken Fillets (1kg)

$8.69 €7.51

$9.04 €7.81

-3.87%

Beef Round Steak (1kg)

$14.65 €12.65

$16.8 €14.5

-12.80%

Apples (1kg)

$2.41 €2.08

$2.73 €2.35

-11.72%

Banana (1kg)

$1.75 €1.51

$2.15 €1.86

-18.60%

Oranges (1kg)

$1.6 €1.38

$2.5 €2.16

-36.00%

Tomato (1kg)

$2.64 €2.28

$2.67 €2.31

-1.12%

Potato (1kg)

$1.55 €1.34

$2.14 €1.85

-27.57%

Onion (1kg)

$1.75 €1.51

$2.16 €1.87

-18.98%

Lettuce (1 head)

$1.52 €1.31

$1.35 €1.17

12.59%

Water (1.5 liter bottle)

$0.66 €0.57

$0.93 €0.81

-29.03%

Cigarettes 20 Pack (Marlboro, Camel)

$4.65 €4.02

$7.12 €6.15

-34.69%

Wine (Bottle)

$7.08 €6.12

$7.96 €6.87

-11.06%

Local Beer (0.5 liter bottle)

$1.48 €1.28

$1.39 €1.2

6.47%

Imported Beer (0.33 liter bottle)

$1.77 €1.53

$2.27 €1.96

-22.03%

One-way Ticket (Public Transport)

$1.65 €1.43

$1.71 €1.47

-3.51%

Public Transport Monthly Pass (Regular Price)

$34.71 €29.97

$48.37 €41.77

-28.24%

Taxi Start (Normal Tariff)

$3.71 €3.2

$4.15 €3.59

-10.60%

Taxi (Normal Tariff) (1km)

$1.28 €1.11

$1.34 €1.15

-4.48%

Taxi 1hour Waiting (Normal Tariff)

$17.31 €14.95

$28.54 €24.64

-39.35%

Gasoline (1 liter)

$1.69 €1.46

$1.86 €1.6

-9.14%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$25.7K €22.2K

$37.9K €32.7K

-32.08%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$29.8K €25.7K

$34.2K €29.5K

-12.80%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$89.5 €77.3

$191 €165

-53.18%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$21.13 €18.24

$21.25 €18.35

-0.56%

Internet (50+ Mbps, Unlimited Data)

$31.47 €27.17

$35.96 €31.05

-12.49%

Gym Membership (Monthly)

$49.63 €42.85

$54 €46.59

-8.02%

Tennis Court (1 Hour on Weekend)

$25.17 €21.73

$17.96 €15.51

40.14%

Cinema Ticket

$10.08 €8.71

$11.51 €9.94

-12.42%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$348 €300

$674 €582

-48.38%

International Primary School, 1 Child (Yearly)

$8,414 €7,265

$11.8K €10.2K

-28.92%

Jeans (Levis 501 Or Similar)

$70.2 €60.6

$95.7 €82.6

-26.65%

Summer Dress (H&M, Zara, etc)

$33.82 €29.2

$41.6 €35.92

-18.70%

Sport Shoes (Adidas, Nike)

$80.3 €69.3

$105 €91.1

-23.88%

Men's Leather Business Shoes

$68.1 €58.8

$132 €114

-48.32%

1-bedroom Apartment, City Center (Monthly)

$1,131 €976

$1,561 €1,348

-27.58%

1-bedroom Apartment, Outside City Center (Monthly)

$695 €600

$1,109 €958

-37.33%

3-bedroom Apartment, City Center (Monthly)

$2,293 €1,980

$2,840 €2,452

-19.25%

3-bedroom Apartment, Outside City Center (Monthly)

$810 €700

$1,884 €1,626

-56.98%

Buy Apartment in City Center (m2)

$3,362 €2,903

$8,381 €7,236

-59.88%

Buy Apartment Outside City Center (m2)

$2,333 €2,014

$4,938 €4,263

-52.76%

Average Monthly Net Salary (After Tax)

$1,428 €1,233

$2,579 €2,227

-44.62%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.33

3.43

-2.92%

Citycost data is based on AI and user input – minor inaccuracies may occur.

Last update for Canary Islands: October 29, 2025

Last update for Madrid: October 29, 2025

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