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

🙂 Solo nomad: Gran Canaria, Canary Islands is 16% cheaper than Madrid without rent, and 26.9% cheaper with rent.

🙂 Family of 3: Gran Canaria, Canary Islands is 13.5% cheaper than Madrid without rent, and 28.9% cheaper with rent.

Meal at Budget Restaurant

$15.17 €13.07

$17.7 €15.25

-14.29%

Three-Course Dinner for Two, Mid-Range

$57.1 €49.14

$70.3 €60.5

-18.82%

Fast Food Meal (McDonalds, etc)

$10.62 €9.15

$11.87 €10.22

-10.53%

Cappuccino

$2.25 €1.94

$3.07 €2.65

-26.71%

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

$2.29 €1.97

$3.06 €2.64

-25.16%

Water (0.33 liter bottle)

$1.69 €1.46

$2.19 €1.88

-22.83%

Local Beer (0.5 liter draught)

$3.27 €2.82

$4.15 €3.58

-21.20%

Imported Beer (0.33 liter bottle)

$3.41 €2.94

$4.58 €3.95

-25.55%

Milk (1 liter)

$1.14 €0.98

$1.18 €1.02

-3.39%

White Bread (500g)

$1.42 €1.23

$1.71 €1.47

-16.96%

Rice (white) (1kg)

$1.62 €1.39

$1.7 €1.47

-4.71%

Eggs

$2.89 €2.49

$3.4 €2.93

-15.00%

Local Cheese (1kg)

$13.48 €11.61

$14.84 €12.78

-9.16%

Chicken Fillets (1kg)

$8.44 €7.27

$9.04 €7.78

-6.64%

Beef Round Steak (1kg)

$14.8 €12.75

$17.1 €14.73

-13.45%

Apples (1kg)

$2.46 €2.12

$2.66 €2.29

-7.52%

Banana (1kg)

$1.95 €1.68

$2.22 €1.91

-12.16%

Oranges (1kg)

$1.92 €1.65

$2.58 €2.22

-25.58%

Tomato (1kg)

$2.63 €2.27

$2.65 €2.28

-0.75%

Potato (1kg)

$1.71 €1.47

$2.05 €1.77

-16.59%

Onion (1kg)

$1.99 €1.71

$2.14 €1.84

-7.01%

Lettuce (1 head)

$1.31 €1.13

$1.33 €1.14

-1.50%

Water (1.5 liter bottle)

$0.76 €0.65

$0.97 €0.83

-21.65%

Cigarettes 20 Pack (Marlboro, Camel)

$6.31 €5.44

$6.77 €5.83

-6.79%

Wine (Bottle)

$5.66 €4.88

$8.14 €7.01

-30.47%

Local Beer (0.5 liter bottle)

$1.24 €1.07

$1.46 €1.25

-15.07%

Imported Beer (0.33 liter bottle)

$2.12 €1.82

$2.27 €1.95

-6.61%

One-way Ticket (Public Transport)

$1.72 €1.48

$1.79 €1.54

-3.91%

Public Transport Monthly Pass (Regular Price)

$34.75 €29.93

$49.1 €42.29

-29.23%

Taxi Start (Normal Tariff)

$3.97 €3.42

$4.07 €3.51

-2.46%

Taxi (Normal Tariff) (1km)

$1.2 €1.04

$1.36 €1.18

-11.76%

Taxi 1hour Waiting (Normal Tariff)

$24.63 €21.21

$29.16 €25.12

-15.53%

Gasoline (1 liter)

$1.82 €1.57

$1.84 €1.58

-1.09%

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

$38.9K €33.5K

$37.6K €32.4K

3.31%

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

$29.9K €25.8K

$33.5K €28.9K

-10.70%

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

$135 €116

$191 €165

-29.61%

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

$21.06 €18.14

$21.63 €18.63

-2.64%

Internet (50+ Mbps, Unlimited Data)

$31.57 €27.19

$35.54 €30.61

-11.17%

Gym Membership (Monthly)

$47.93 €41.28

$53.6 €46.16

-10.56%

Tennis Court (1 Hour on Weekend)

$15.16 €13.06

$17.78 €15.31

-14.74%

Cinema Ticket

$9.22 €7.94

$11.49 €9.89

-19.76%

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

$402 €346

$672 €579

-40.18%

International Primary School, 1 Child (Yearly)

$8,155 €7,024

$12.2K €10.5K

-33.21%

Jeans (Levis 501 Or Similar)

$83.6 €72

$96.9 €83.5

-13.73%

Summer Dress (H&M, Zara, etc)

$35.23 €30.34

$42.74 €36.81

-17.57%

Sport Shoes (Adidas, Nike)

$87.7 €75.5

$107 €91.9

-17.81%

Men's Leather Business Shoes

$108 €93.4

$133 €114

-18.35%

1-bedroom Apartment, City Center (Monthly)

$868 €748

$1,614 €1,390

-46.21%

1-bedroom Apartment, Outside City Center (Monthly)

$691 €595

$1,137 €979

-39.24%

3-bedroom Apartment, City Center (Monthly)

$1,336 €1,151

$2,835 €2,441

-52.88%

3-bedroom Apartment, Outside City Center (Monthly)

$989 €851

$1,900 €1,637

-47.98%

Buy Apartment in City Center (m2)

$3,354 €2,889

$8,577 €7,387

-60.89%

Buy Apartment Outside City Center (m2)

$2,358 €2,031

$4,953 €4,266

-52.40%

Average Monthly Net Salary (After Tax)

$2,659 €2,290

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 Gran Canaria, Canary Islands: November 30, 2025

Last update for Madrid: November 30, 2025

Digital Nomad Cost of Living Index

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