Last update: Nov 2026

Cost of Living Comparison Between the Canary Islands and Valencia

For one person, living is cheaper in the Canary Islands: $1,642 a month against $2,090 in Valencia, rent and utilities included – about $5,400 less a year. Rent and utilities account for most of the difference.

78

Cost of Living Index in the Canary Islands
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Canary Islands Living Index
100

Cost of Living Index in Valencia
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Valencia Living Index

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Canary Islands

🇪🇸 Spain

$1,642

/mo nomad

Valencia

🇪🇸 Spain

$2,090

/mo nomad

Monthly Cost of Living

How much you'll spend in the Canary Islands and in Valencia

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in the Canary Islands and in Valencia actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,642 in the Canary Islands versus $2,090 in Valencia.

Canary Islands $1,642
Valencia $2,090

Estimated couple costs with rent: $2,374 in the Canary Islands versus $3,033 in Valencia.

Canary Islands $2,374
Valencia $3,033

Monthly costs for a family of three with rent: $3,106 in the Canary Islands versus $3,977 in Valencia.

Canary Islands $3,106
Valencia $3,977

Living in the Canary Islands costs roughly 21% less than in Valencia, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Canary Islands 21% above, Valencia 55% above.

Meal at Budget Restaurant

$20.20 €18.00

$18.73 €16.68

7.85%

Three-Course Dinner for Two, Mid-Range

$62.3 €55.5

$67.5 €60.1

-7.69%

Fast Food Meal (McDonalds, etc)

$9.66 €8.60

$13.55 €12.07

-28.71%

Cappuccino

$2.06 €1.84

$2.72 €2.42

-24.26%

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

$1.97 €1.76

$2.48 €2.21

-20.56%

Water (0.33 liter bottle)

$1.11 €0.99

$1.97 €1.75

-43.65%

Local Beer (0.5 liter draught)

$2.75 €2.45

$3.28 €2.93

-16.16%

Imported Beer (0.33 liter bottle)

$3.38 €3.01

$4.59 €4.09

-26.36%

Milk (1 liter)

$1.33 €1.18

$1.16 €1.03

14.66%

White Bread (500g)

$2.39 €2.13

$1.35 €1.20

77.04%

Rice (white) (1kg)

$1.55 €1.38

$1.75 €1.56

-11.43%

Eggs

$2.18 €1.95

$3.52 €3.13

-38.07%

Local Cheese (1kg)

$19.92 €17.75

$11.08 €9.87

79.78%

Chicken Fillets (1kg)

$8.75 €7.79

$7.98 €7.11

9.65%

Beef Round Steak (1kg)

$17.86 €15.91

$15.87 €14.14

12.54%

Apples (1kg)

$2.74 €2.44

$2.57 €2.29

6.61%

Banana (1kg)

$2.29 €2.04

$1.81 €1.62

26.52%

Oranges (1kg)

$2.26 €2.01

$1.91 €1.70

18.32%

Tomato (1kg)

$2.58 €2.29

$2.65 €2.36

-2.64%

Potato (1kg)

$2.16 €1.93

$1.65 €1.47

30.91%

Onion (1kg)

$1.94 €1.73

$1.76 €1.57

10.23%

Lettuce (1 head)

$1.63 €1.46

$1.11 €0.99

46.85%

Water (1.5 liter bottle)

$0.93 €0.83

$0.74 €0.66

25.68%

Cigarettes 20 Pack (Marlboro, Camel)

$4.66 €4.15

$6.82 €6.07

-31.67%

Wine (Bottle)

$7.78 €6.93

$5.61 €4.99

38.68%

Local Beer (0.5 liter bottle)

$1.66 €1.48

$1.27 €1.13

30.71%

Imported Beer (0.33 liter bottle)

$1.75 €1.56

$1.71 €1.52

2.34%

One-way Ticket (Public Transport)

$0.82 €0.73

$2.22 €1.97

-63.06%

Public Transport Monthly Pass (Regular Price)

$39.74 €35.40

Taxi Start (Normal Tariff)

$4.28 €3.81

$2.20 €1.96

94.55%

Taxi (Normal Tariff) (1km)

$1.53 €1.37

$1.48 €1.32

3.38%

Taxi 1hour Waiting (Normal Tariff)

$19.90 €17.72

$27.99 €24.94

-28.90%

Gasoline (1 liter)

$1.72 €1.53

$1.82 €1.62

-5.49%

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

$24.7K €22.0K

$33.9K €30.2K

-27.11%

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

$30.4K €27.1K

$31.2K €27.8K

-2.37%

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

$123 €109

$156 €139

-21.36%

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

$21.49 €19.14

$16.15 €14.38

33.07%

Internet (50+ Mbps, Unlimited Data)

$34.92 €31.11

$33.71 €30.03

3.59%

Gym Membership (Monthly)

$47.34 €42.17

$40.17 €35.78

17.85%

Tennis Court (1 Hour on Weekend)

$24.50 €21.83

$8.76 €7.80

179.68%

Cinema Ticket

$10.07 €8.97

$11.02 €9.81

-8.62%

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

$399 €355

$580 €517

-31.25%

International Primary School, 1 Child (Yearly)

$6,563 €5,846

$11.4K €10.1K

-42.24%

Jeans (Levis 501 Or Similar)

$66.0 €58.8

$93.6 €83.3

-29.44%

Summer Dress (H&M, Zara, etc)

$39.86 €35.51

$42.11 €37.51

-5.34%

Sport Shoes (Adidas, Nike)

$91.9 €81.9

$93.0 €82.8

-1.16%

Men's Leather Business Shoes

$110 €98.2

$118 €105

-6.53%

1-bedroom Apartment, City Center (Monthly)

$1,113 €991

$1,475 €1,314

-24.57%

1-bedroom Apartment, Outside City Center (Monthly)

$680 €605

$1,087 €968

-37.49%

3-bedroom Apartment, City Center (Monthly)

$2,338 €2,083

3-bedroom Apartment, Outside City Center (Monthly)

$842 €750

$1,669 €1,487

-49.53%

Buy Apartment in City Center (m2)

$5,643 €5,026

Buy Apartment Outside City Center (m2)

$3,248 €2,894

Average Monthly Net Salary (After Tax)

$1,397 €1,245

$1,863 €1,660

-25.00%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.33

3.41

-2.35%

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

Last update for the Canary Islands: November 2, 2026

Last update for Valencia: November 1, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Canary Islands

$680 41.4%

Valencia

$1.1K 52% 60% $407

Groceries & Markets

Canary Islands

$314 19.1%

Valencia

$254 12.2% 19% $60

Eating Out

Canary Islands

$248 15.1%

Valencia

$267 12.8% 7.4% $18

Monthly Utilities & Internet

Canary Islands

$179 10.9%

Valencia

$206 9.9% 14.9% $27

Clothing & Footwear

Canary Islands

$139 8.4%

Valencia

$156 7.5% 12.5% $17

Sport & Entertainment

Canary Islands

$67 4.1%

Valencia

$62 3% 7.8% $5.3

Getting Around

Canary Islands

$15 * 0.9%

Valencia

$58 2.8% 283% $43

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A one-bedroom apartment in the center runs $1,113 in the Canary Islands and $1,475 in Valencia. Housing cost is often the main lever when comparing two cities.

Valencia pays 33% more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $62 in the Canary Islands vs $68 in Valencia. Groceries flip the comparison at $314 vs $254, with Valencia cheaper for home cooking.

Good to know

🇪🇸 Canary Islands

🇪🇸 Valencia

🕒 Local time

22:46 10:46 PM

23:46 11:46 PM

1 h ahead of the Canary Islands

🌤 Weather

👥 Population

12,050

807,693

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Between locations

Canary Islands Valencia 1,950 km ≈ 3 h nonstop flight

From you

Canary Islands
Valencia

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Canary Islands vs Valencia: Cost of Living - Frequently Asked Questions

Canary Islands wins on cost – living expenses run 21% lower than in Valencia. Housing and daily spending are where you’ll feel the difference most, making Canary Islands the obvious pick if budget is a priority.

On paper, salaries run 25% lower in the Canary Islands. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,113 in the Canary Islands versus $1,475 in Valencia. Housing is usually the single largest factor when comparing overall living costs between the two.

Shoppers in Valencia pay roughly 19% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $1,642 per month in the Canary Islands versus $2,090 in Valencia – Canary Islands is about 21% cheaper, which adds up to real savings over time.

At $1,642 in the Canary Islands versus $2,090 in Valencia, a $2,000 budget is realistic in the Canary Islands but tight or insufficient in Valencia. The gap between the two cities makes Canary Islands the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Canary Islands and Valencia are both considered safe, so it’s unlikely to be the deciding factor between them.

It comes down to priorities – Canary Islands wins on affordability, Valencia on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.