Cost of Living Comparison Between Las Palmas de Gran Canaria and Madrid Cost of Living Comparison Between Las Palmas de Gran Canaria and Madrid

Monthly Cost of Living

A single person spends $1,744 per month in Las Palmas de Gran Canaria vs $2,253 in Madrid, rent included.

A couple spends around $2,636 per month in Las Palmas de Gran Canaria vs $3,329 in Madrid, rent included.

A family of three spends $3,528 per month in Las Palmas de Gran Canaria vs $4,404 in Madrid, rent included.

Las Palmas de Gran Canaria is about 23% cheaper than Madrid, driven mainly by Eating Out.

Both Las Palmas de Gran Canaria and Madrid sit above the global median – Las Palmas de Gran Canaria by 30%, Madrid by 68%.

Meal at Budget Restaurant

$12.20 €10.51

$17.05 €14.68

-28.45%

Three-Course Dinner for Two, Mid-Range

$58.0 €49.95

$68.6 €59.0

-15.40%

Fast Food Meal (McDonalds, etc)

$10.60 €9.12

$11.73 €10.10

-9.63%

Cappuccino

$2.28 €1.96

$3.06 €2.64

-25.49%

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

$2.11 €1.82

$3.21 €2.77

-34.27%

Water (0.33 liter bottle)

$1.25 €1.07

$2.18 €1.88

-42.66%

Local Beer (0.5 liter draught)

$2.81 €2.42

$3.94 €3.39

-28.68%

Imported Beer (0.33 liter bottle)

$4.31 €3.71

$4.67 €4.02

-7.71%

Milk (1 liter)

$1.23 €1.06

$1.20 €1.03

2.50%

White Bread (500g)

$2.13 €1.83

$1.68 €1.45

26.79%

Rice (white) (1kg)

$2.06 €1.77

$1.69 €1.46

21.89%

Eggs

$3.37 €2.91

$3.34 €2.88

0.90%

Local Cheese (1kg)

$11.76 €10.13

$14.91 €12.84

-21.13%

Chicken Fillets (1kg)

$10.28 €8.85

$8.93 €7.69

15.12%

Beef Round Steak (1kg)

$16.70 €14.38

$16.84 €14.50

-0.83%

Apples (1kg)

$2.52 €2.17

$2.73 €2.35

-7.69%

Banana (1kg)

$2.47 €2.13

$2.11 €1.82

17.06%

Oranges (1kg)

$2.29 €1.97

$2.54 €2.19

-9.84%

Tomato (1kg)

$2.51 €2.16

$2.65 €2.28

-5.28%

Potato (1kg)

$2.18 €1.87

$2.15 €1.85

1.40%

Onion (1kg)

$2.64 €2.28

$2.10 €1.81

25.71%

Lettuce (1 head)

$1.85 €1.60

$1.35 €1.17

37.04%

Water (1.5 liter bottle)

$0.89 €0.76

$0.97 €0.84

-8.25%

Cigarettes 20 Pack (Marlboro, Camel)

$4.49 €3.87

$6.82 €5.88

-34.16%

Wine (Bottle)

$7.09 €6.10

$8.15 €7.02

-13.01%

Local Beer (0.5 liter bottle)

$1.55 €1.34

$1.39 €1.20

11.51%

Imported Beer (0.33 liter bottle)

$3.85 €3.32

$2.19 €1.88

75.80%

One-way Ticket (Public Transport)

$1.66 €1.43

$1.77 €1.52

-6.21%

Public Transport Monthly Pass (Regular Price)

$16.51 €14.21

$49.07 €42.26

-66.35%

Taxi Start (Normal Tariff)

$3.41 €2.94

$4.01 €3.45

-14.96%

Taxi (Normal Tariff) (1km)

$1.28 €1.10

$1.33 €1.15

-3.76%

Taxi 1hour Waiting (Normal Tariff)

$23.52 €20.25

$29.19 €25.13

-19.42%

Gasoline (1 liter)

$1.68 €1.44

$1.93 €1.67

-12.95%

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

$38.6K €33.2K

$37.2K €32.0K

3.75%

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

$29.8K €25.6K

$34.4K €29.6K

-13.32%

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

$81.3 €70.0

$195 €168

-58.21%

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

$21.11 €18.17

$21.66 €18.66

-2.54%

Internet (50+ Mbps, Unlimited Data)

$29.45 €25.36

$35.51 €30.57

-17.07%

Gym Membership (Monthly)

$52.9 €45.52

$53.8 €46.31

-1.71%

Tennis Court (1 Hour on Weekend)

$19.13 €16.47

$17.95 €15.46

6.57%

Cinema Ticket

$9.18 €7.90

$11.55 €9.95

-20.52%

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

$520 €448

$676 €582

-23.13%

International Primary School, 1 Child (Yearly)

$6,497 €5,594

$12.1K €10.4K

-46.44%

Jeans (Levis 501 Or Similar)

$102 €88.3

$94.2 €81.1

8.77%

Summer Dress (H&M, Zara, etc)

$53.0 €45.67

$42.77 €36.83

24.01%

Sport Shoes (Adidas, Nike)

$107 €92.1

$106 €91.0

1.19%

Men's Leather Business Shoes

$147 €127

$134 €116

9.53%

1-bedroom Apartment, City Center (Monthly)

$992 €854

$1,566 €1,348

-36.63%

1-bedroom Apartment, Outside City Center (Monthly)

$828 €713

$1,149 €989

-27.93%

3-bedroom Apartment, City Center (Monthly)

$1,462 €1,259

$2,826 €2,433

-48.27%

3-bedroom Apartment, Outside City Center (Monthly)

$1,338 €1,152

$1,884 €1,622

-28.98%

Buy Apartment in City Center (m2)

$3,252 €2,800

$9,077 €7,816

-64.18%

Buy Apartment Outside City Center (m2)

$1,960 €1,688

$4,511 €3,884

-56.55%

Average Monthly Net Salary (After Tax)

$1,746 €1,504

$2,626 €2,261

-33.50%

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 Las Palmas de Gran Canaria: June 1, 2026

Last update for Madrid: May 31, 2026

Cost Breakdown

A central one-bedroom costs $992 in Las Palmas de Gran Canaria versus $1,566 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 50% 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 Las Palmas de Gran Canaria versus $69.0 in Madrid. Groceries tell a different story – $301 in Las Palmas de Gran Canaria vs $294 in Madrid – so Madrid 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

Las Palmas de Gran Canaria vs Madrid: Cost of Living - Frequently Asked Questions

Yes – Madrid is pricier by about 29%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $2,616 per month in Las Palmas de Gran Canaria and $3,380 in Madrid. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Las Palmas de Gran Canaria, 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 $1,744 in Las Palmas de Gran Canaria and $2,253 in Madrid. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 197% less in Las Palmas de Gran Canaria. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,500 monthly budget goes further in Las Palmas de Gran Canaria, where all-in costs run around $1,744, than in Madrid at $2,253. In Las Palmas de Gran Canaria it covers expenses comfortably, while in Madrid it requires careful planning or may not stretch far enough.

Families tend to lean toward Las Palmas de Gran Canaria – 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 Las Palmas de Gran Canaria. 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.