Last update: Oct 2026

Cost of Living Comparison Between Fuerteventura, Canary Islands and Madrid

For one person, living is cheaper in Fuerteventura, Canary Islands: $1,629 a month against $2,304 in Madrid, rent and utilities included – about $8,100 less a year. Rent and utilities account for most of the difference.

78

Cost of Living Index in Fuerteventura, Canary Islands
Learn more

Fuerteventura, Canary Islands Living Index
111

Cost of Living Index in Madrid
Learn more

Madrid Living Index

Jump to prices

Fuerteventura, Canary Islands

🇪🇸 Spain

$1,629

/mo nomad

Madrid

🇪🇸 Spain

$2,304

/mo nomad

Monthly Cost of Living

How much you'll spend in Fuerteventura, Canary Islands and in Madrid

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

A single person spends $1,629 per month in Fuerteventura, Canary Islands vs $2,304 in Madrid, rent included.

Fuerteventura, Canary Islands $1,629
Madrid $2,304

A couple spends around $2,380 per month in Fuerteventura, Canary Islands vs $3,389 in Madrid, rent included.

Fuerteventura, Canary Islands $2,380
Madrid $3,389

A family of three spends $3,131 per month in Fuerteventura, Canary Islands vs $4,475 in Madrid, rent included.

Fuerteventura, Canary Islands $3,131
Madrid $4,475

Fuerteventura, Canary Islands is about 29% cheaper than Madrid, and outside of rent the biggest gap is in eating out.

Both Fuerteventura, Canary Islands and Madrid sit above the global median – Fuerteventura, Canary Islands by 20%, Madrid by 69%.

Meal at Budget Restaurant

$15.28 €13.73

$17.73 €15.93

-13.82%

Three-Course Dinner for Two, Mid-Range

$57.5 €51.6

$66.9 €60.1

-14.07%

Fast Food Meal (McDonalds, etc)

$10.33 €9.28

$11.30 €10.15

-8.58%

Cappuccino

$2.18 €1.96

$3.04 €2.73

-28.29%

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

$2.30 €2.06

$3.36 €3.02

-31.55%

Water (0.33 liter bottle)

$1.79 €1.61

$2.35 €2.11

-23.83%

Local Beer (0.5 liter draught)

$3.24 €2.91

$3.89 €3.50

-16.71%

Imported Beer (0.33 liter bottle)

$3.45 €3.10

$4.80 €4.31

-28.12%

Milk (1 liter)

$1.16 €1.04

$1.32 €1.18

-12.12%

White Bread (500g)

$1.41 €1.27

$1.64 €1.47

-14.02%

Rice (white) (1kg)

$1.61 €1.45

$1.72 €1.55

-6.40%

Eggs

$2.79 €2.50

$4.20 €3.78

-33.57%

Local Cheese (1kg)

$13.51 €12.14

$15.91 €14.29

-15.08%

Chicken Fillets (1kg)

$8.54 €7.68

$9.36 €8.41

-8.76%

Beef Round Steak (1kg)

$15.20 €13.66

$17.21 €15.46

-11.68%

Apples (1kg)

$2.45 €2.20

$2.56 €2.30

-4.30%

Banana (1kg)

$1.95 €1.75

$2.09 €1.88

-6.70%

Oranges (1kg)

$1.90 €1.71

$2.55 €2.29

-25.49%

Tomato (1kg)

$2.60 €2.34

$2.58 €2.32

0.78%

Potato (1kg)

$1.70 €1.53

$2.31 €2.08

-26.41%

Onion (1kg)

$1.98 €1.78

$2.17 €1.95

-8.76%

Lettuce (1 head)

$1.33 €1.20

$1.50 €1.35

-11.33%

Water (1.5 liter bottle)

$0.72 €0.65

$1.07 €0.96

-32.71%

Cigarettes 20 Pack (Marlboro, Camel)

$6.34 €5.70

$6.57 €5.90

-3.50%

Wine (Bottle)

$5.91 €5.31

$7.87 €7.07

-24.90%

Local Beer (0.5 liter bottle)

$1.21 €1.09

Imported Beer (0.33 liter bottle)

$2.02 €1.81

$2.17 €1.95

-6.91%

One-way Ticket (Public Transport)

$1.73 €1.55

$1.67 €1.50

3.59%

Public Transport Monthly Pass (Regular Price)

$33.78 €30.35

$37.53 €33.72

-9.99%

Taxi Start (Normal Tariff)

$4.16 €3.74

$3.76 €3.38

10.64%

Taxi (Normal Tariff) (1km)

$1.20 €1.08

$1.49 €1.34

-19.46%

Taxi 1hour Waiting (Normal Tariff)

$24.29 €21.83

$30.17 €27.11

-19.49%

Gasoline (1 liter)

$1.83 €1.64

$1.85 €1.66

-1.08%

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

$38.4K €34.5K

$33.9K €30.4K

13.50%

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

$29.9K €26.8K

$33.3K €29.9K

-10.33%

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

$137 €123

$192 €172

-28.47%

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

$21.24 €19.08

$17.66 €15.87

20.27%

Internet (50+ Mbps, Unlimited Data)

$31.61 €28.40

$35.07 €31.51

-9.87%

Gym Membership (Monthly)

$47.97 €43.10

$47.27 €42.47

1.48%

Tennis Court (1 Hour on Weekend)

$14.97 €13.45

$18.23 €16.38

-17.88%

Cinema Ticket

$9.29 €8.35

$11.29 €10.15

-17.71%

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

$411 €369

$687 €617

-40.22%

International Primary School, 1 Child (Yearly)

$8,167 €7,338

$18.0K €16.2K

-54.58%

Jeans (Levis 501 Or Similar)

$84.3 €75.7

$86.5 €77.8

-2.65%

Summer Dress (H&M, Zara, etc)

$35.15 €31.58

$41.65 €37.42

-15.61%

Sport Shoes (Adidas, Nike)

$89.3 €80.2

$108 €97.1

-17.42%

Men's Leather Business Shoes

$107 €96.2

$112 €100

-4.10%

1-bedroom Apartment, City Center (Monthly)

$854 €767

$1,508 €1,355

-43.39%

1-bedroom Apartment, Outside City Center (Monthly)

$699 €628

$1,210 €1,087

-42.21%

3-bedroom Apartment, City Center (Monthly)

$1,336 €1,200

$2,829 €2,542

-52.78%

3-bedroom Apartment, Outside City Center (Monthly)

$999 €898

$2,004 €1,801

-50.14%

Buy Apartment in City Center (m2)

$3,396 €3,052

$9,002 €8,088

-62.27%

Buy Apartment Outside City Center (m2)

$2,294 €2,061

$4,710 €4,232

-51.30%

Average Monthly Net Salary (After Tax)

$2,453 €2,204

20-Year Fixed Mortgage Interest Rate (Annual %)

3.5

3.14

11.46%

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

Last update for Fuerteventura, Canary Islands: October 25, 2026

Last update for Madrid: October 24, 2026

Monthly budget structure

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

Accommodation & Living

Fuerteventura, Canary Islands

$699 42.9%

Madrid

$1.2K 52.5% 73% $511

Groceries & Markets

Fuerteventura, Canary Islands

$262 16.1%

Madrid

$304 13.2% 16.2% $43

Eating Out

Fuerteventura, Canary Islands

$219 13.4%

Madrid

$264 11.5% 20.7% $45

Monthly Utilities & Internet

Fuerteventura, Canary Islands

$190 11.7%

Madrid

$244 10.6% 28.7% $54

Clothing & Footwear

Fuerteventura, Canary Islands

$142 8.7%

Madrid

$157 6.8% 10.2% $14

Sport & Entertainment

Fuerteventura, Canary Islands

$67 4.1%

Madrid

$70 3% 5% $3.3

Getting Around

Fuerteventura, Canary Islands

$51 3.1%

Madrid

$55 2.4% 9% $4.6

Cost Breakdown

A central one-bedroom costs $854 in Fuerteventura, Canary Islands versus $1,508 in Madrid. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $57 in Fuerteventura, Canary Islands versus $67 in Madrid. Monthly groceries follow the same trend: $262 vs $304 – making Fuerteventura, Canary Islands the more affordable choice for daily food spending.

Good to know

🇪🇸 Fuerteventura, Canary Islands

🇪🇸 Madrid

🕒 Local time

10:10 10:10 AM

11:10 11:10 AM

1 h ahead of Fuerteventura, Canary Islands

🌤 Weather

👥 Population

124,152

3,332,035 Capital

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.11 USD

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Fuerteventura, Canary Islands Madrid 1,640 km ≈ 2 h 30 min nonstop flight

From you

Fuerteventura, Canary Islands
Madrid

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

Fuerteventura, Canary Islands vs Madrid: Cost of Living - Frequently Asked Questions

Yes – Madrid is pricier by about 41%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,443 per month in Fuerteventura, Canary Islands and $3,456 in Madrid. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Fuerteventura, Canary Islands, especially for central apartments: a one-bedroom in the center costs $854 there versus $1,508 in Madrid.

Groceries cost about 16% more in Madrid, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $57 in Fuerteventura, Canary Islands and $67 in Madrid. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Families tend to lean toward Fuerteventura, Canary Islands – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

For expats, Fuerteventura, Canary Islands is the easier option financially – housing and daily costs are lower, and the 41% gap matters a lot on a fixed budget or early-career salary.