Cost of Living Comparison Between Lanzarote and Madrid Cost of Living Comparison Between Lanzarote and Madrid

Monthly Cost of Living

A single person spends $1,619 per month in Lanzarote vs $2,293 in Madrid, rent included.

A couple spends around $2,406 per month in Lanzarote vs $3,370 in Madrid, rent included.

A family of three spends $3,193 per month in Lanzarote vs $4,447 in Madrid, rent included.

Lanzarote is about 29% cheaper than Madrid, driven mainly by Eating Out.

Both Lanzarote and Madrid sit above the global median – Lanzarote by 21%, Madrid by 72%.

Meal at Budget Restaurant

$12.09 €10.56

$17.33 €15.14

-30.24%

Three-Course Dinner for Two, Mid-Range

$58.0 €50.7

$68.7 €60.0

-15.56%

Fast Food Meal (McDonalds, etc)

$10.49 €9.17

$11.95 €10.44

-12.22%

Cappuccino

$2.27 €1.98

$3.10 €2.71

-26.77%

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

$2.21 €1.93

$3.21 €2.80

-31.15%

Water (0.33 liter bottle)

$1.20 €1.05

$2.14 €1.87

-43.93%

Local Beer (0.5 liter draught)

$2.94 €2.57

$4.10 €3.58

-28.29%

Imported Beer (0.33 liter bottle)

$4.21 €3.68

$4.55 €3.98

-7.47%

Milk (1 liter)

$1.19 €1.04

White Bread (500g)

$1.38 €1.20

$1.71 €1.49

-19.30%

Rice (white) (1kg)

$2.15 €1.88

$1.72 €1.50

25.00%

Eggs

$3.31 €2.89

$3.52 €3.07

-5.97%

Local Cheese (1kg)

$11.78 €10.29

$14.98 €13.09

-21.36%

Chicken Fillets (1kg)

$10.01 €8.74

$8.83 €7.72

13.36%

Beef Round Steak (1kg)

$16.87 €14.74

$16.75 €14.63

0.72%

Apples (1kg)

$2.51 €2.19

$2.60 €2.27

-3.46%

Banana (1kg)

$2.51 €2.19

$2.22 €1.94

13.06%

Oranges (1kg)

$2.31 €2.02

$2.45 €2.14

-5.71%

Tomato (1kg)

$2.64 €2.31

$2.65 €2.32

-0.38%

Potato (1kg)

$1.71 €1.50

$2.07 €1.81

-17.39%

Onion (1kg)

$2.75 €2.40

$2.15 €1.88

27.91%

Lettuce (1 head)

$1.80 €1.57

$1.34 €1.17

34.33%

Water (1.5 liter bottle)

$0.92 €0.80

$0.99 €0.86

-7.07%

Cigarettes 20 Pack (Marlboro, Camel)

$4.62 €4.04

$6.99 €6.10

-33.91%

Wine (Bottle)

$6.71 €5.86

$7.77 €6.79

-13.64%

Local Beer (0.5 liter bottle)

$1.56 €1.36

$1.43 €1.25

9.09%

Imported Beer (0.33 liter bottle)

$3.78 €3.30

$2.18 €1.90

73.39%

One-way Ticket (Public Transport)

$1.66 €1.45

$1.78 €1.56

-6.74%

Public Transport Monthly Pass (Regular Price)

$34.10 €29.79

$48.79 €42.62

-30.11%

Taxi Start (Normal Tariff)

$3.56 €3.11

$4.12 €3.60

-13.59%

Taxi (Normal Tariff) (1km)

$2.13 €1.86

$1.39 €1.21

53.24%

Taxi 1hour Waiting (Normal Tariff)

$23.46 €20.50

$28.50 €24.90

-17.68%

Gasoline (1 liter)

$1.58 €1.38

$1.92 €1.68

-17.71%

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

$38.1K €33.3K

$37.7K €32.9K

1.11%

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

$30.3K €26.5K

$34.1K €29.8K

-11.17%

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

$79.3 €69.3

$193 €169

-58.96%

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

$21.07 €18.41

$21.55 €18.83

-2.23%

Internet (50+ Mbps, Unlimited Data)

$30.07 €26.27

$35.97 €31.42

-16.40%

Gym Membership (Monthly)

$47.06 €41.11

$52.7 €46.04

-10.69%

Tennis Court (1 Hour on Weekend)

$14.84 €12.96

$17.64 €15.42

-15.87%

Cinema Ticket

$9.27 €8.10

$11.44 €10.00

-18.97%

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

$535 €467

$669 €584

-20.00%

International Primary School, 1 Child (Yearly)

$6,345 €5,544

$11.9K €10.4K

-46.60%

Jeans (Levis 501 Or Similar)

$102 €89.3

$94.7 €82.7

7.93%

Summer Dress (H&M, Zara, etc)

$52.5 €45.90

$42.81 €37.41

22.70%

Sport Shoes (Adidas, Nike)

$109 €94.8

$105 €91.6

3.54%

Men's Leather Business Shoes

$148 €130

$132 €115

12.51%

1-bedroom Apartment, City Center (Monthly)

$849 €742

$1,607 €1,404

-47.18%

1-bedroom Apartment, Outside City Center (Monthly)

$708 €618

$1,151 €1,006

-38.52%

3-bedroom Apartment, City Center (Monthly)

$1,318 €1,151

$2,839 €2,480

-53.58%

3-bedroom Apartment, Outside City Center (Monthly)

$990 €865

$1,879 €1,642

-47.34%

Buy Apartment in City Center (m2)

$3,734 €3,263

$9,038 €7,896

-58.68%

Buy Apartment Outside City Center (m2)

$2,075 €1,813

$4,262 €3,724

-51.30%

Average Monthly Net Salary (After Tax)

$1,693 €1,480

$2,464 €2,153

-31.27%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.43

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

Last update for Lanzarote: July 13, 2026

Last update for Madrid: July 12, 2026

Cost Breakdown

A central one-bedroom costs $849 in Lanzarote versus $1,607 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 $58.0 in Lanzarote versus $69.0 in Madrid. Monthly groceries follow the same trend: $291 vs $293 – making Lanzarote 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

Lanzarote vs Madrid: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,619 in Lanzarote, $2,293 in Madrid – roughly 42% apart. Madrid costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $2,429 per month in Lanzarote and $3,439 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 $1,619 in Lanzarote and $2,293 in Madrid. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 43% 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 $1,619, than in Madrid at $2,293. 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 $1,619 in Lanzarote to $2,293 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.