Last update: Oct 2026

Cost of Living Comparison Between Lanzarote and Madrid

For one person, living is cheaper in Lanzarote: $1,611 a month against $2,265 in Madrid, rent and utilities included – about $7,800 less a year. Rent and utilities account for most of the difference.

79

Cost of Living Index in Lanzarote
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Lanzarote Living Index
111

Cost of Living Index in Madrid
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Madrid Living Index

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Lanzarote

🇪🇸 Spain

$1,611

/mo nomad

Madrid

🇪🇸 Spain

$2,265

/mo nomad

Monthly Cost of Living

How much you'll spend in Lanzarote 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 Lanzarote and in Madrid actually costs, broken down by who's living it.

A single person spends $1,611 per month in Lanzarote vs $2,265 in Madrid, rent included.

Lanzarote $1,611
Madrid $2,265

A couple spends around $2,446 per month in Lanzarote vs $3,296 in Madrid, rent included.

Lanzarote $2,446
Madrid $3,296

A family of three spends $3,280 per month in Lanzarote vs $4,328 in Madrid, rent included.

Lanzarote $3,280
Madrid $4,328

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

Both Lanzarote and Madrid sit above the global median – Lanzarote by 19%, Madrid by 68%.

Meal at Budget Restaurant

$13.31 €11.84

$18.20 €16.19

-26.87%

Three-Course Dinner for Two, Mid-Range

$72.9 €64.9

$68.1 €60.5

7.14%

Fast Food Meal (McDonalds, etc)

$10.45 €9.30

$11.24 €9.99

-7.03%

Cappuccino

$2.47 €2.20

$3.15 €2.80

-21.59%

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

$2.16 €1.92

$3.36 €2.99

-35.71%

Water (0.33 liter bottle)

$1.63 €1.45

$2.36 €2.10

-30.93%

Local Beer (0.5 liter draught)

$3.04 €2.71

$3.83 €3.40

-20.63%

Imported Beer (0.33 liter bottle)

$3.75 €3.33

$4.92 €4.38

-23.78%

Milk (1 liter)

$1.11 €0.98

$1.32 €1.17

-15.91%

White Bread (500g)

$1.44 €1.28

$1.61 €1.43

-10.56%

Rice (white) (1kg)

$1.65 €1.47

Eggs

$3.65 €3.25

$4.07 €3.62

-10.32%

Local Cheese (1kg)

$11.98 €10.65

$15.82 €14.07

-24.27%

Chicken Fillets (1kg)

$10.17 €9.04

$9.49 €8.44

7.17%

Beef Round Steak (1kg)

$17.81 €15.84

$17.52 €15.58

1.66%

Apples (1kg)

$2.61 €2.32

$2.56 €2.27

1.95%

Banana (1kg)

$2.60 €2.31

$2.09 €1.86

24.40%

Oranges (1kg)

$2.24 €2.00

$2.47 €2.19

-9.31%

Tomato (1kg)

$2.60 €2.31

$2.49 €2.22

4.42%

Potato (1kg)

$1.85 €1.65

$2.26 €2.01

-18.14%

Onion (1kg)

$2.39 €2.12

$2.15 €1.91

11.16%

Lettuce (1 head)

$2.00 €1.78

$1.57 €1.40

27.39%

Water (1.5 liter bottle)

$0.89 €0.79

$1.07 €0.95

-16.82%

Cigarettes 20 Pack (Marlboro, Camel)

$4.60 €4.09

$6.55 €5.82

-29.77%

Wine (Bottle)

$6.91 €6.15

$7.65 €6.81

-9.67%

Local Beer (0.5 liter bottle)

$1.76 €1.57

$1.17 €1.04

50.43%

Imported Beer (0.33 liter bottle)

$2.62 €2.33

$2.22 €1.97

18.02%

One-way Ticket (Public Transport)

$1.62 €1.44

$1.63 €1.45

-0.61%

Public Transport Monthly Pass (Regular Price)

$32.85 €29.22

$36.42 €32.39

-9.80%

Taxi Start (Normal Tariff)

$3.32 €2.95

$3.73 €3.32

-10.99%

Taxi (Normal Tariff) (1km)

$2.18 €1.94

$1.54 €1.37

41.56%

Taxi 1hour Waiting (Normal Tariff)

$27.87 €24.79

$29.17 €25.94

-4.46%

Gasoline (1 liter)

$1.73 €1.54

$1.78 €1.58

-2.81%

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

$35.3K €31.4K

$35.5K €31.6K

-0.48%

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

$29.6K €26.3K

$33.2K €29.6K

-10.93%

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

$114 €101

$189 €168

-39.74%

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

$19.51 €17.35

$17.48 €15.55

11.61%

Internet (50+ Mbps, Unlimited Data)

$29.03 €25.82

$34.32 €30.53

-15.41%

Gym Membership (Monthly)

$45.66 €40.61

$48.62 €43.25

-6.09%

Tennis Court (1 Hour on Weekend)

$15.77 €14.03

$18.44 €16.40

-14.48%

Cinema Ticket

$8.72 €7.76

$11.04 €9.82

-21.01%

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

$473 €421

$693 €617

-31.78%

International Primary School, 1 Child (Yearly)

$6,751 €6,004

$17.8K €15.8K

-61.98%

Jeans (Levis 501 Or Similar)

$89.2 €79.4

$84.6 €75.3

5.48%

Summer Dress (H&M, Zara, etc)

$38.36 €34.12

$42.50 €37.80

-9.74%

Sport Shoes (Adidas, Nike)

$90.9 €80.8

$110 €98.1

-17.59%

Men's Leather Business Shoes

$121 €108

$112 €99.9

8.14%

1-bedroom Apartment, City Center (Monthly)

$901 €801

$1,506 €1,339

-40.16%

1-bedroom Apartment, Outside City Center (Monthly)

$679 €604

$1,170 €1,040

-41.94%

3-bedroom Apartment, City Center (Monthly)

$1,326 €1,179

$2,756 €2,451

-51.88%

3-bedroom Apartment, Outside City Center (Monthly)

$1,031 €917

$1,845 €1,641

-44.09%

Buy Apartment in City Center (m2)

$3,266 €2,904

$9,168 €8,154

-64.38%

Buy Apartment Outside City Center (m2)

$2,250 €2,001

$4,234 €3,766

-46.86%

Average Monthly Net Salary (After Tax)

$1,713 €1,524

$2,483 €2,208

-31.00%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.15

3.14

0.32%

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

Last update for Lanzarote: October 11, 2026

Last update for Madrid: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Lanzarote

$679 42.2%

Madrid

$1.2K 51.7% 72.2% $491

Groceries & Markets

Lanzarote

$294 18.3%

Madrid

$303 13.4% 3% $8.7

Eating Out

Lanzarote

$205 12.8%

Madrid

$269 11.9% 31% $64

Monthly Utilities & Internet

Lanzarote

$162 10.1%

Madrid

$241 10.6% 48.2% $78

Clothing & Footwear

Lanzarote

$153 9.5%

Madrid

$157 7% 2.9% $4.4

Sport & Entertainment

Lanzarote

$63 3.9%

Madrid

$71 3.1% 12.1% $7.6

Getting Around

Lanzarote

$54 3.3%

Madrid

$54 2.4% 1.6% $0.9

Cost Breakdown

A central one-bedroom costs $901 in Lanzarote versus $1,506 in Madrid. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 45% higher in Madrid, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $73.0 in Lanzarote versus $68.0 in Madrid. Groceries tell a different story – $294 in Lanzarote vs $303 in Madrid – so Lanzarote wins on supermarket bills even if dining out costs more.

Good to know

🇪🇸 Lanzarote

🇪🇸 Madrid

🕒 Local time

11:50 11:50 AM

12:50 12:50 PM

1 h ahead of Lanzarote

🌤 Weather

👥 Population

5,228

3,332,035 Capital

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Lanzarote Madrid 1,550 km ≈ 2 h 30 min nonstop flight

From you

Lanzarote
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

Lanzarote vs Madrid: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,611 in Lanzarote, $2,265 in Madrid – roughly 41% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $2,416 per month in Lanzarote 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 Lanzarote, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $1,611 in Lanzarote and $2,265 in Madrid. That's a gap of about 41%.

Public transport costs about 11% less in Lanzarote. For daily commuters, that gap adds up to noticeable savings over a year.

A $3,000 monthly budget goes further in Lanzarote, where all-in costs run around $1,611, than in Madrid at $2,265. In Lanzarote it covers expenses comfortably, while in Madrid it requires careful planning or may not stretch far enough.

It depends on your priorities. Madrid has an edge in some lifestyle areas, with costs from $1,611 in Lanzarote to $2,265 in Madrid. Climate, culture, job market, and personal taste all factor in.

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 Lanzarote. 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.