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

Monthly Cost of Living

A single person spends $1,637 per month in Fuerteventura, Canary Islands vs $2,265 in Madrid, rent included.

A couple spends around $2,378 per month in Fuerteventura, Canary Islands vs $3,314 in Madrid, rent included.

A family of three spends $3,120 per month in Fuerteventura, Canary Islands vs $4,362 in Madrid, rent included.

Fuerteventura, Canary Islands is about 28% cheaper than Madrid, driven mainly by Eating Out.

Both Fuerteventura, Canary Islands and Madrid sit above the global median – Fuerteventura, Canary Islands by 22%, Madrid by 69%.

Meal at Budget Restaurant

$14.78 €12.60

$17.39 €14.84

-15.01%

Three-Course Dinner for Two, Mid-Range

$58.4 €49.78

$68.5 €58.4

-14.74%

Fast Food Meal (McDonalds, etc)

$10.36 €8.84

$11.66 €9.95

-11.15%

Cappuccino

$2.23 €1.90

$3.09 €2.64

-27.83%

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

$2.38 €2.03

$3.06 €2.61

-22.22%

Water (0.33 liter bottle)

$1.71 €1.46

$2.21 €1.89

-22.62%

Local Beer (0.5 liter draught)

$3.28 €2.80

$4.01 €3.42

-18.20%

Imported Beer (0.33 liter bottle)

$3.43 €2.92

$4.53 €3.86

-24.28%

Milk (1 liter)

$1.16 €0.99

$1.20 €1.03

-3.33%

White Bread (500g)

$1.36 €1.16

$1.68 €1.43

-19.05%

Rice (white) (1kg)

$1.67 €1.43

$1.72 €1.47

-2.91%

Eggs

$2.86 €2.44

$3.40 €2.90

-15.88%

Local Cheese (1kg)

$13.33 €11.37

$15.03 €12.82

-11.31%

Chicken Fillets (1kg)

$8.37 €7.14

$8.78 €7.49

-4.67%

Beef Round Steak (1kg)

$15.35 €13.09

$17.18 €14.66

-10.65%

Apples (1kg)

$2.46 €2.10

$2.64 €2.25

-6.82%

Banana (1kg)

$2.00 €1.70

$2.15 €1.83

-6.98%

Oranges (1kg)

$1.96 €1.67

$2.55 €2.17

-23.14%

Tomato (1kg)

$2.68 €2.29

$2.76 €2.35

-2.90%

Potato (1kg)

$1.79 €1.52

$2.12 €1.81

-15.57%

Onion (1kg)

$1.96 €1.68

$2.13 €1.82

-7.98%

Lettuce (1 head)

$1.36 €1.16

$1.38 €1.18

-1.45%

Water (1.5 liter bottle)

$0.71 €0.61

$0.97 €0.83

-26.80%

Cigarettes 20 Pack (Marlboro, Camel)

$6.46 €5.51

$7.11 €6.07

-9.14%

Wine (Bottle)

$5.70 €4.86

$8.10 €6.91

-29.63%

Local Beer (0.5 liter bottle)

$1.26 €1.07

$1.38 €1.18

-8.70%

Imported Beer (0.33 liter bottle)

$2.06 €1.75

$2.16 €1.84

-4.63%

One-way Ticket (Public Transport)

$1.66 €1.42

$1.69 €1.44

-1.78%

Public Transport Monthly Pass (Regular Price)

$33.77 €28.80

$48.75 €41.59

-30.73%

Taxi Start (Normal Tariff)

$4.16 €3.55

Taxi (Normal Tariff) (1km)

$1.19 €1.02

$1.32 €1.12

-9.85%

Taxi 1hour Waiting (Normal Tariff)

$24.53 €20.92

$28.53 €24.34

-14.02%

Gasoline (1 liter)

$1.73 €1.48

$1.92 €1.64

-9.90%

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

$38.6K €32.9K

$37.8K €32.3K

1.97%

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

$30.1K €25.7K

$33.3K €28.4K

-9.45%

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

$137 €117

$188 €161

-27.47%

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

$20.53 €17.51

$21.76 €18.56

-5.65%

Internet (50+ Mbps, Unlimited Data)

$31.42 €26.80

$35.31 €30.12

-11.02%

Gym Membership (Monthly)

$47.42 €40.45

$52.8 €45.05

-10.21%

Tennis Court (1 Hour on Weekend)

$14.80 €12.63

$18.10 €15.44

-18.23%

Cinema Ticket

$9.43 €8.04

$11.60 €9.89

-18.71%

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

$404 €344

$677 €578

-40.40%

International Primary School, 1 Child (Yearly)

$8,213 €7,006

$12.1K €10.3K

-32.24%

Jeans (Levis 501 Or Similar)

$84.5 €72.1

$94.9 €80.9

-10.96%

Summer Dress (H&M, Zara, etc)

$34.62 €29.53

$41.98 €35.81

-17.53%

Sport Shoes (Adidas, Nike)

$88.7 €75.7

$104 €89.0

-14.96%

Men's Leather Business Shoes

$110 €93.9

$135 €115

-18.53%

1-bedroom Apartment, City Center (Monthly)

$853 €727

$1,578 €1,346

-45.95%

1-bedroom Apartment, Outside City Center (Monthly)

$705 €602

$1,115 €951

-36.72%

3-bedroom Apartment, City Center (Monthly)

$1,335 €1,138

$2,765 €2,359

-51.74%

3-bedroom Apartment, Outside City Center (Monthly)

$986 €841

$1,879 €1,603

-47.52%

Buy Apartment in City Center (m2)

$3,391 €2,892

$9,202 €7,849

-63.15%

Buy Apartment Outside City Center (m2)

$2,309 €1,970

$4,488 €3,829

-48.55%

Average Monthly Net Salary (After Tax)

$2,586 €2,206

20-Year Fixed Mortgage Interest Rate (Annual %)

3.5

3.43

2.04%

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

Last update for Fuerteventura, Canary Islands: April 22, 2026

Last update for Madrid: April 20, 2026

Cost Breakdown

A central one-bedroom costs $853 in Fuerteventura, Canary Islands versus $1,578 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 $58 in Fuerteventura, Canary Islands versus $68 in Madrid. Monthly groceries follow the same trend: $262 vs $295 – making Fuerteventura, Canary Islands the more affordable choice for daily food spending.

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 38%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $2,456 per month in Fuerteventura, Canary Islands and $3,398 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. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 13% 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 $58.0 in Fuerteventura, Canary Islands and $68.0 in Madrid. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,500 monthly budget goes further in Fuerteventura, Canary Islands, where all-in costs run around $1,637, than in Madrid at $2,265. In Fuerteventura, Canary Islands it covers expenses comfortably, while in Madrid it requires careful planning or may not stretch far enough.

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.

If budget matters most, go with Fuerteventura, Canary Islands. If higher salaries, better infrastructure, or specific career opportunities are the priority, Madrid makes more sense. Both are solid long-term options with distinct trade-offs.