Cost of Living Comparison Between Lanzarote and Valencia Cost of Living Comparison Between Lanzarote and Valencia

Monthly Cost of Living

A single person spends $1,635 per month in Lanzarote vs $1,859 in Valencia, rent included.

A couple spends around $2,421 per month in Lanzarote vs $2,660 in Valencia, rent included.

A family of three spends $3,206 per month in Lanzarote vs $3,461 in Valencia, rent included.

Lanzarote is about 12% cheaper than Valencia, driven mainly by Eating Out.

Both Lanzarote and Valencia sit above the global median – Lanzarote by 22%, Valencia by 39%.

Meal at Budget Restaurant

$11.91 €10.24

$15.26 €13.12

-21.95%

Three-Course Dinner for Two, Mid-Range

$56.9 €48.94

$56.9 €48.93

0.04%

Fast Food Meal (McDonalds, etc)

$10.49 €9.02

$12.82 €11.03

-18.17%

Cappuccino

$2.28 €1.96

$2.56 €2.20

-10.94%

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

$2.19 €1.89

$2.49 €2.15

-12.05%

Water (0.33 liter bottle)

$1.25 €1.07

$2.01 €1.73

-37.81%

Local Beer (0.5 liter draught)

$2.87 €2.47

$3.41 €2.93

-15.84%

Imported Beer (0.33 liter bottle)

$4.45 €3.83

$3.39 €2.92

31.27%

Milk (1 liter)

$1.24 €1.06

$1.12 €0.97

10.71%

White Bread (500g)

$1.42 €1.22

$1.30 €1.12

9.23%

Rice (white) (1kg)

$2.08 €1.79

$1.73 €1.49

20.23%

Eggs

$3.36 €2.89

$2.94 €2.53

14.29%

Local Cheese (1kg)

$11.63 €10.00

$11.31 €9.72

2.83%

Chicken Fillets (1kg)

$10.33 €8.89

$8.38 €7.21

23.27%

Beef Round Steak (1kg)

$16.78 €14.43

$13.86 €11.92

21.07%

Apples (1kg)

$2.40 €2.06

$2.56 €2.20

-6.25%

Banana (1kg)

$2.53 €2.18

$1.77 €1.53

42.94%

Oranges (1kg)

$2.20 €1.89

$2.06 €1.77

6.80%

Tomato (1kg)

$2.49 €2.14

$2.35 €2.02

5.96%

Potato (1kg)

$1.73 €1.49

$1.83 €1.58

-5.46%

Onion (1kg)

$2.77 €2.38

$1.97 €1.70

40.61%

Lettuce (1 head)

$1.79 €1.54

$1.65 €1.42

8.48%

Water (1.5 liter bottle)

$0.88 €0.76

$0.71 €0.61

23.94%

Cigarettes 20 Pack (Marlboro, Camel)

$4.64 €3.99

$6.50 €5.59

-28.62%

Wine (Bottle)

$6.95 €5.98

$5.84 €5.02

19.01%

Local Beer (0.5 liter bottle)

$1.58 €1.36

$1.54 €1.33

2.60%

Imported Beer (0.33 liter bottle)

$3.82 €3.28

$1.99 €1.71

91.96%

One-way Ticket (Public Transport)

$1.65 €1.42

$1.70 €1.46

-2.94%

Public Transport Monthly Pass (Regular Price)

$34.57 €29.74

$33.29 €28.63

3.84%

Taxi Start (Normal Tariff)

$3.51 €3.02

$3.57 €3.07

-1.68%

Taxi (Normal Tariff) (1km)

$2.13 €1.83

$1.25 €1.07

70.40%

Taxi 1hour Waiting (Normal Tariff)

$22.99 €19.78

$24.91 €21.43

-7.71%

Gasoline (1 liter)

$1.58 €1.36

$1.74 €1.50

-9.20%

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

$39.3K €33.8K

$34.3K €29.5K

14.52%

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

$29.8K €25.6K

$33.1K €28.4K

-9.89%

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

$78.9 €67.9

$144 €124

-45.14%

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

$20.75 €17.85

$13.62 €11.71

52.35%

Internet (50+ Mbps, Unlimited Data)

$29.61 €25.47

$29.97 €25.78

-1.20%

Gym Membership (Monthly)

$47.84 €41.16

$41.51 €35.71

15.25%

Tennis Court (1 Hour on Weekend)

$14.93 €12.84

$13.13 €11.30

13.71%

Cinema Ticket

$9.20 €7.92

$9.95 €8.56

-7.54%

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

$532 €458

$592 €509

-10.14%

International Primary School, 1 Child (Yearly)

$6,407 €5,511

$11.8K €10.1K

-45.52%

Jeans (Levis 501 Or Similar)

$102 €87.4

$103 €89.0

-1.70%

Summer Dress (H&M, Zara, etc)

$51.3 €44.09

$37.03 €31.86

38.43%

Sport Shoes (Adidas, Nike)

$105 €90.4

$101 €87.2

3.65%

Men's Leather Business Shoes

$148 €127

$127 €109

16.92%

1-bedroom Apartment, City Center (Monthly)

$851 €732

$1,209 €1,040

-29.62%

1-bedroom Apartment, Outside City Center (Monthly)

$707 €608

$922 €793

-23.30%

3-bedroom Apartment, City Center (Monthly)

$1,345 €1,157

$2,004 €1,724

-32.90%

3-bedroom Apartment, Outside City Center (Monthly)

$1,005 €865

$1,352 €1,163

-25.64%

Buy Apartment in City Center (m2)

$3,596 €3,093

$5,831 €5,016

-38.34%

Buy Apartment Outside City Center (m2)

$2,144 €1,844

$3,606 €3,101

-40.54%

Average Monthly Net Salary (After Tax)

$1,774 €1,526

$1,964 €1,689

-9.66%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.43

3.44

-0.29%

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

Last update for Lanzarote: May 31, 2026

Last update for Valencia: June 1, 2026

Cost Breakdown

A central one-bedroom costs $851 in Lanzarote versus $1,209 in Valencia. 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 11% higher in Valencia, 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 $57.0 in Lanzarote versus $57.0 in Valencia. Groceries tell a different story – $292 in Lanzarote vs $252 in Valencia – so Valencia wins on supermarket bills even if dining out costs more.

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 Valencia: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,635 in Lanzarote, $1,859 in Valencia – roughly 14% apart. Valencia costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $2,452 per month in Lanzarote and $2,788 in Valencia. 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 $1,635 in Lanzarote and $1,859 in Valencia. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 4% 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 $1,635, than in Valencia at $1,859. In Lanzarote it covers expenses comfortably, while in Valencia it requires careful planning or may not stretch far enough.

It depends on your priorities. Valencia has an edge in some lifestyle areas, with costs from $1,635 in Lanzarote to $1,859 in Valencia. 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, Valencia makes more sense. Both are solid long-term options with distinct trade-offs.