Last update: Oct 2026

Cost of Living Comparison Between Gran Canaria, Canary Islands and Budapest

For one person, living costs are similar in Gran Canaria, Canary Islands and in Budapest: $1,600 and $1,621 a month, rent and utilities included.

79

Cost of Living Index in Gran Canaria, Canary Islands
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Gran Canaria, Canary Islands Living Index
79

Cost of Living Index in Budapest
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Budapest Living Index

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Gran Canaria, Canary Islands

🇪🇸 Spain

$1,600

/mo nomad

Budapest

🇭🇺 Hungary

$1,621

/mo nomad

Monthly Cost of Living

How much you'll spend in Gran Canaria, Canary Islands and in Budapest

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

A single person spends $1,600 per month in Gran Canaria, Canary Islands vs $1,621 in Budapest, rent included.

Gran Canaria, Canary Islands $1,600
Budapest $1,621

A couple spends around $2,345 per month in Gran Canaria, Canary Islands vs $2,555 in Budapest, rent included.

Gran Canaria, Canary Islands $2,345
Budapest $2,555

A family of three spends $3,090 per month in Gran Canaria, Canary Islands vs $3,489 in Budapest, rent included.

Gran Canaria, Canary Islands $3,090
Budapest $3,489

Gran Canaria, Canary Islands is about 1% cheaper than Budapest, and outside of rent the biggest gap is in clothing.

Both Gran Canaria, Canary Islands and Budapest sit above the global median – Gran Canaria, Canary Islands by 19%, Budapest by 21%.

Meal at Budget Restaurant

$15.29 €13.70

$13.99 Ft 4,570

9.29%

Three-Course Dinner for Two, Mid-Range

$57.5 €51.5

$60.3 Ft 19.7K

-4.74%

Fast Food Meal (McDonalds, etc)

$10.40 €9.32

$9.96 Ft 3,255

4.42%

Cappuccino

$2.13 €1.91

$3.38 Ft 1,105

-36.98%

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

$2.41 €2.16

$2.13 Ft 696

13.15%

Water (0.33 liter bottle)

$1.71 €1.54

$1.87 Ft 611

-8.56%

Local Beer (0.5 liter draught)

$3.23 €2.90

$3.75 Ft 1,226

-13.87%

Imported Beer (0.33 liter bottle)

$3.38 €3.03

$3.57 Ft 1,167

-5.32%

Milk (1 liter)

$1.20 €1.08

$1.13 Ft 370

6.19%

White Bread (500g)

$1.35 €1.21

$1.84 Ft 602

-26.63%

Rice (white) (1kg)

$1.62 €1.45

$2.39 Ft 780

-32.22%

Eggs

$2.80 €2.51

$3.83 Ft 1,250

-26.89%

Local Cheese (1kg)

$13.71 €12.28

$11.33 Ft 3,702

21.01%

Chicken Fillets (1kg)

$8.26 €7.40

$6.74 Ft 2,201

22.55%

Beef Round Steak (1kg)

$15.30 €13.71

$14.69 Ft 4,800

4.15%

Apples (1kg)

$2.46 €2.21

$1.84 Ft 600

33.70%

Banana (1kg)

$1.97 €1.76

$2.01 Ft 656

-1.99%

Oranges (1kg)

$1.98 €1.77

$2.36 Ft 770

-16.10%

Tomato (1kg)

$2.56 €2.29

$3.77 Ft 1,232

-32.10%

Potato (1kg)

$1.71 €1.53

$0.96 Ft 315

78.13%

Onion (1kg)

$2.05 €1.84

$1.03 Ft 336

99.03%

Lettuce (1 head)

$1.31 €1.17

$1.56 Ft 511

-16.03%

Water (1.5 liter bottle)

$0.76 €0.68

$0.66 Ft 217

15.15%

Cigarettes 20 Pack (Marlboro, Camel)

$6.27 €5.61

$7.96 Ft 2,602

-21.23%

Wine (Bottle)

$5.68 €5.09

$6.01 Ft 1,963

-5.49%

Local Beer (0.5 liter bottle)

$1.25 €1.12

$1.30 Ft 423

-3.85%

Imported Beer (0.33 liter bottle)

$2.04 €1.83

$2.08 Ft 679

-1.92%

One-way Ticket (Public Transport)

$1.70 €1.52

$1.50 Ft 491

13.33%

Public Transport Monthly Pass (Regular Price)

$34.53 €30.93

$27.61 Ft 9,021

25.06%

Taxi Start (Normal Tariff)

$4.00 €3.58

$3.30 Ft 1,079

21.21%

Taxi (Normal Tariff) (1km)

$1.24 €1.11

$1.30 Ft 426

-4.62%

Taxi 1hour Waiting (Normal Tariff)

$24.63 €22.06

$19.78 Ft 6,465

24.52%

Gasoline (1 liter)

$1.80 €1.61

$1.81 Ft 593

-0.55%

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

$38.4K €34.4K

$29.3K Ft 9.6M

30.83%

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

$30.4K €27.3K

$34.1K Ft 11.1M

-10.80%

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

$133 €119

$170 Ft 55.5K

-21.67%

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

$21.10 €18.90

$23.98 Ft 7,836

-12.01%

Internet (50+ Mbps, Unlimited Data)

$30.91 €27.69

$23.42 Ft 7,654

31.98%

Gym Membership (Monthly)

$47.28 €42.36

$66.2 Ft 21.6K

-28.62%

Tennis Court (1 Hour on Weekend)

$15.31 €13.72

$19.18 Ft 6,266

-20.18%

Cinema Ticket

$9.19 €8.23

$9.52 Ft 3,112

-3.47%

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

$409 €366

$537 Ft 175.4K

-23.87%

International Primary School, 1 Child (Yearly)

$8,292 €7,428

$16.6K Ft 5.4M

-50.06%

Jeans (Levis 501 Or Similar)

$85.1 €76.2

$101 Ft 33.1K

-16.04%

Summer Dress (H&M, Zara, etc)

$35.30 €31.62

$42.99 Ft 14.0K

-17.89%

Sport Shoes (Adidas, Nike)

$89.1 €79.8

$113 Ft 36.8K

-21.00%

Men's Leather Business Shoes

$108 €96.6

$119 Ft 38.8K

-9.19%

1-bedroom Apartment, City Center (Monthly)

$843 €755

$805 Ft 263.1K

4.66%

1-bedroom Apartment, Outside City Center (Monthly)

$689 €618

$629 Ft 205.6K

9.56%

3-bedroom Apartment, City Center (Monthly)

$1,304 €1,168

$1,549 Ft 506.3K

-15.86%

3-bedroom Apartment, Outside City Center (Monthly)

$995 €891

$1,167 Ft 381.4K

-14.77%

Buy Apartment in City Center (m2)

$3,345 €2,996

$5,618 Ft 1.8M

-40.47%

Buy Apartment Outside City Center (m2)

$2,308 €2,068

$3,968 Ft 1.3M

-41.83%

Average Monthly Net Salary (After Tax)

$1,626 Ft 531.3K

20-Year Fixed Mortgage Interest Rate (Annual %)

3.5

6.43

-45.57%

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

Last update for Gran Canaria, Canary Islands: October 3, 2026

Last update for Budapest: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Gran Canaria, Canary Islands

$689 42.7%

Budapest

$629 38.7% 8.7% $60

Groceries & Markets

Gran Canaria, Canary Islands

$262 16.2%

Budapest

$258 15.8% 1.6% $4.1

Eating Out

Gran Canaria, Canary Islands

$218 13.5%

Budapest

$224 13.8% 2.6% $5.8

Monthly Utilities & Internet

Gran Canaria, Canary Islands

$185 11.5%

Budapest

$217 13.4% 17.4% $32

Clothing & Footwear

Gran Canaria, Canary Islands

$143 8.8%

Budapest

$169 10.4% 18.4% $26

Sport & Entertainment

Gran Canaria, Canary Islands

$66 4.1%

Budapest

$85 5.2% 29.9% $20

Getting Around

Gran Canaria, Canary Islands

$52 3.2%

Budapest

$43 2.7% 15.8% $8.1

Cost Breakdown

A central one-bedroom costs $843 in Gran Canaria, Canary Islands versus $805 in Budapest. 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 $57.0 in Gran Canaria, Canary Islands versus $60.0 in Budapest. Groceries tell a different story – $262 in Gran Canaria, Canary Islands vs $258 in Budapest – so Budapest wins on supermarket bills even if dining out costs more.

Good to know

🇪🇸 Gran Canaria, Canary Islands

🇭🇺 Budapest

🕒 Local time

08:51 8:51 AM

09:51 9:51 AM

1 h ahead of Gran Canaria, Canary Islands

🌤 Weather

👥 Population

862,893

1,686,222 Capital

💱 Currency

Euro EUR €

Hungarian Forint HUF Ft

📈 Exchange rate

1 EUR = 1.12 USD

1,000 HUF = 3.06 USD

1,000 HUF = 2.73 EUR

Exchange rates and currency converter

HUF, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 13, 2026: 1 USD = 0.896 EUR (1 EUR = 1.12 USD).

Hungarian Forint exchange rates as of October 13, 2026: 1 USD = 327 HUF (1,000 HUF = 3.06 USD). 1 EUR = 366 HUF (1,000 HUF = 2.73 EUR).

USD to EUR in detail →

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Gran Canaria, Canary Islands Budapest 3,690 km ≈ 5 h nonstop flight

From you

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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

Gran Canaria, Canary Islands vs Budapest: Cost of Living - Frequently Asked Questions

Yes – Budapest is pricier by about 1%, and outside of rent the gap shows up most in clothing.

For a comfortable life, plan on about $2,401 per month in Gran Canaria, Canary Islands and $2,432 in Budapest. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Gran Canaria, Canary Islands, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 25% less in Gran Canaria, Canary Islands. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $409 per month in Gran Canaria, Canary Islands and $537 in Budapest. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Gran Canaria, Canary Islands, where all-in costs run around $1,600, than in Budapest at $1,621. In Gran Canaria, Canary Islands it covers expenses comfortably, while in Budapest it requires careful planning or may not stretch far enough.

Families tend to lean toward Gran Canaria, 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 Gran Canaria, Canary Islands. If higher salaries, better infrastructure, or specific career opportunities are the priority, Budapest makes more sense. Both are solid long-term options with distinct trade-offs.