Last update: Oct 2026

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

For one person, living is cheaper in Las Palmas de Gran Canaria: $1,705 a month against $2,265 in Madrid, rent and utilities included – about $6,700 less a year. Rent and utilities account for most of the difference.

82

Cost of Living Index in Las Palmas de Gran Canaria
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Las Palmas de Gran Canaria Living Index
111

Cost of Living Index in Madrid
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Madrid Living Index

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Las Palmas de Gran Canaria

🇪🇸 Spain

$1,705

/mo nomad

Madrid

🇪🇸 Spain

$2,265

/mo nomad

Monthly Cost of Living

How much you'll spend in Las Palmas de Gran Canaria 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 Las Palmas de Gran Canaria and in Madrid actually costs, broken down by who's living it.

A single person spends $1,705 per month in Las Palmas de Gran Canaria vs $2,265 in Madrid, rent included.

Las Palmas de Gran Canaria $1,705
Madrid $2,265

A couple spends around $2,562 per month in Las Palmas de Gran Canaria vs $3,296 in Madrid, rent included.

Las Palmas de Gran Canaria $2,562
Madrid $3,296

A family of three spends $3,420 per month in Las Palmas de Gran Canaria vs $4,328 in Madrid, rent included.

Las Palmas de Gran Canaria $3,420
Madrid $4,328

Las Palmas de Gran Canaria is about 25% cheaper than Madrid, and outside of rent the biggest gap is in eating out.

Both Las Palmas de Gran Canaria and Madrid sit above the global median – Las Palmas de Gran Canaria by 26%, Madrid by 68%.

Meal at Budget Restaurant

$13.36 €11.88

$18.20 €16.19

-26.59%

Three-Course Dinner for Two, Mid-Range

$71.7 €63.8

$68.1 €60.5

5.41%

Fast Food Meal (McDonalds, etc)

$10.81 €9.61

$11.24 €9.99

-3.83%

Cappuccino

$2.55 €2.27

$3.15 €2.80

-19.05%

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

$2.15 €1.92

$3.36 €2.99

-36.01%

Water (0.33 liter bottle)

$1.68 €1.49

$2.36 €2.10

-28.81%

Local Beer (0.5 liter draught)

$3.01 €2.68

$3.83 €3.40

-21.41%

Imported Beer (0.33 liter bottle)

$3.71 €3.30

$4.92 €4.38

-24.59%

Milk (1 liter)

$1.09 €0.97

$1.32 €1.17

-17.42%

White Bread (500g)

$1.69 €1.50

$1.61 €1.43

4.97%

Rice (white) (1kg)

$1.59 €1.42

$1.65 €1.47

-3.64%

Eggs

$3.52 €3.13

$4.07 €3.62

-13.51%

Local Cheese (1kg)

$11.96 €10.64

$15.82 €14.07

-24.40%

Chicken Fillets (1kg)

$9.72 €8.65

$9.49 €8.44

2.42%

Beef Round Steak (1kg)

$18.11 €16.11

$17.52 €15.59

3.37%

Apples (1kg)

$2.50 €2.23

$2.56 €2.27

-2.34%

Banana (1kg)

$2.52 €2.24

$2.09 €1.86

20.57%

Oranges (1kg)

$2.24 €1.99

$2.47 €2.19

-9.31%

Tomato (1kg)

$2.51 €2.23

$2.49 €2.22

0.80%

Potato (1kg)

$2.28 €2.03

$2.26 €2.01

0.88%

Onion (1kg)

$2.37 €2.11

$2.15 €1.91

10.23%

Lettuce (1 head)

$2.01 €1.78

$1.57 €1.40

28.03%

Water (1.5 liter bottle)

$0.88 €0.78

$1.07 €0.95

-17.76%

Cigarettes 20 Pack (Marlboro, Camel)

$4.42 €3.93

$6.55 €5.82

-32.52%

Wine (Bottle)

$6.59 €5.86

$7.65 €6.81

-13.86%

Local Beer (0.5 liter bottle)

$1.81 €1.61

$1.17 €1.04

54.70%

Imported Beer (0.33 liter bottle)

$2.70 €2.40

$2.22 €1.97

21.62%

One-way Ticket (Public Transport)

$1.77 €1.58

$1.63 €1.45

8.59%

Public Transport Monthly Pass (Regular Price)

$15.71 €13.98

$36.42 €32.39

-56.86%

Taxi Start (Normal Tariff)

$3.37 €3.00

$3.73 €3.32

-9.65%

Taxi (Normal Tariff) (1km)

$2.17 €1.93

$1.54 €1.37

40.91%

Taxi 1hour Waiting (Normal Tariff)

$28.30 €25.17

$29.17 €25.95

-2.98%

Gasoline (1 liter)

$1.67 €1.49

$1.78 €1.58

-6.18%

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

$35.0K €31.1K

$35.5K €31.6K

-1.49%

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

$28.6K €25.4K

$33.2K €29.6K

-13.95%

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

$113 €101

$189 €168

-40.15%

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

$19.50 €17.35

$17.48 €15.55

11.56%

Internet (50+ Mbps, Unlimited Data)

$28.20 €25.08

$34.32 €30.53

-17.83%

Gym Membership (Monthly)

$42.82 €38.09

$48.62 €43.25

-11.93%

Tennis Court (1 Hour on Weekend)

$16.56 €14.73

$18.44 €16.40

-10.20%

Cinema Ticket

$8.89 €7.90

$11.04 €9.82

-19.47%

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

$478 €425

$693 €617

-31.03%

International Primary School, 1 Child (Yearly)

$6,487 €5,770

$17.8K €15.8K

-63.47%

Jeans (Levis 501 Or Similar)

$88.6 €78.8

$84.6 €75.3

4.72%

Summer Dress (H&M, Zara, etc)

$37.72 €33.55

$42.50 €37.80

-11.25%

Sport Shoes (Adidas, Nike)

$89.5 €79.6

$110 €98.1

-18.88%

Men's Leather Business Shoes

$120 €107

$112 €99.9

7.28%

1-bedroom Apartment, City Center (Monthly)

$964 €858

$1,506 €1,339

-35.98%

1-bedroom Apartment, Outside City Center (Monthly)

$794 €706

$1,170 €1,041

-32.15%

3-bedroom Apartment, City Center (Monthly)

$1,584 €1,409

$2,756 €2,451

-42.52%

3-bedroom Apartment, Outside City Center (Monthly)

$1,216 €1,082

$1,845 €1,641

-34.05%

Buy Apartment in City Center (m2)

$3,099 €2,756

$9,168 €8,155

-66.20%

Buy Apartment Outside City Center (m2)

$1,852 €1,647

$4,234 €3,766

-56.26%

Average Monthly Net Salary (After Tax)

$1,688 €1,501

$2,483 €2,209

-32.02%

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 Las Palmas de Gran Canaria: October 12, 2026

Last update for Madrid: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Las Palmas de Gran Canaria

$794 46.6%

Madrid

$1.2K 51.7% 47.4% $376

Groceries & Markets

Las Palmas de Gran Canaria

$294 17.2%

Madrid

$303 13.4% 3.1% $9.2

Eating Out

Las Palmas de Gran Canaria

$208 12.2%

Madrid

$269 11.9% 29.5% $61

Monthly Utilities & Internet

Las Palmas de Gran Canaria

$161 9.4%

Madrid

$241 10.6% 49.7% $80

Clothing & Footwear

Las Palmas de Gran Canaria

$151 8.9%

Madrid

$157 7% 4% $6.1

Sport & Entertainment

Las Palmas de Gran Canaria

$61 3.6%

Madrid

$71 3.1% 16.7% $10

Getting Around

Las Palmas de Gran Canaria

$37 2.2%

Madrid

$54 2.4% 47% $17

Cost Breakdown

A central one-bedroom costs $964 in Las Palmas de Gran Canaria 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 47% 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 $72.0 in Las Palmas de Gran Canaria versus $68.0 in Madrid. Groceries tell a different story – $294 in Las Palmas de Gran Canaria vs $303 in Madrid – so Las Palmas de Gran Canaria wins on supermarket bills even if dining out costs more.

Good to know

🇪🇸 Las Palmas de Gran Canaria

🇪🇸 Madrid

🕒 Local time

21:15 9:15 PM

22:15 10:15 PM

1 h ahead of Las Palmas de Gran Canaria

🌤 Weather

👥 Population

378,027

3,332,035 Capital

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

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Between locations

Las Palmas de Gran Canaria Madrid 1,740 km ≈ 2 h 45 min nonstop flight

From you

Las Palmas de Gran Canaria
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City Median Internet Speeds Comparison (Updated April 2026)

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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 33%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,557 per month in Las Palmas de Gran Canaria 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 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 $1,705 in Las Palmas de Gran Canaria and $2,265 in Madrid. That's a gap of about 33%.

Public transport costs about 132% 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 $1,705, than in Madrid at $2,265. 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.