Cost of Living Comparison Between Madrid and Canary Islands Cost of Living Comparison Between Madrid and Canary Islands

😐 Solo nomad: Madrid is 38% more expensive than Canary Islands without rent, and 44.2% more expensive with rent.

😐 Family of 3: Madrid is 23.1% more expensive than Canary Islands without rent, and 58.3% more expensive with rent.

Meal at Budget Restaurant

$17.20 €14.82

$17.28 €14.89

-0.46%

Three-Course Dinner for Two, Mid-Range

$68.6 €59.1

$56.9 €49.07

20.52%

Fast Food Meal (McDonalds, etc)

$12.05 €10.39

$10.09 €8.70

19.43%

Cappuccino

$3.05 €2.63

$1.72 €1.48

77.33%

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

$3.18 €2.74

$1.75 €1.51

81.71%

Water (0.33 liter bottle)

$2.10 €1.81

$1.06 €0.91

98.11%

Local Beer (0.5 liter draught)

$4.15 €3.58

$2.82 €2.43

47.16%

Imported Beer (0.33 liter bottle)

$4.64 €4.00

$3.25 €2.80

42.77%

Milk (1 liter)

$1.18 €1.02

$1.22 €1.05

-3.28%

White Bread (500g)

$1.68 €1.45

$1.72 €1.48

-2.33%

Rice (white) (1kg)

$1.71 €1.47

$1.51 €1.30

13.25%

Eggs

$3.36 €2.89

$3.11 €2.68

8.04%

Local Cheese (1kg)

$14.58 €12.57

$16.91 €14.57

-13.78%

Chicken Fillets (1kg)

$9.04 €7.79

$8.29 €7.15

9.05%

Beef Round Steak (1kg)

$16.76 €14.45

$14.22 €12.26

17.86%

Apples (1kg)

$2.67 €2.30

$2.42 €2.08

10.33%

Banana (1kg)

$2.21 €1.91

$1.74 €1.50

27.01%

Oranges (1kg)

$2.57 €2.21

$1.65 €1.42

55.76%

Tomato (1kg)

$2.78 €2.40

$2.51 €2.17

10.76%

Potato (1kg)

$2.05 €1.77

$1.57 €1.35

30.57%

Onion (1kg)

$2.17 €1.87

$1.67 €1.44

29.94%

Lettuce (1 head)

$1.41 €1.21

$1.47 €1.27

-4.08%

Water (1.5 liter bottle)

$0.93 €0.80

$0.66 €0.57

40.91%

Cigarettes 20 Pack (Marlboro, Camel)

$6.87 €5.92

$4.81 €4.15

42.83%

Wine (Bottle)

$8.06 €6.95

$7.16 €6.17

12.57%

Local Beer (0.5 liter bottle)

$1.46 €1.26

Imported Beer (0.33 liter bottle)

$2.19 €1.89

$1.80 €1.55

21.67%

One-way Ticket (Public Transport)

$1.71 €1.47

$1.67 €1.44

2.40%

Public Transport Monthly Pass (Regular Price)

$48.40 €41.72

$33.65 €29.00

43.83%

Taxi Start (Normal Tariff)

$4.06 €3.50

$3.73 €3.21

8.85%

Taxi (Normal Tariff) (1km)

$1.39 €1.20

$1.27 €1.09

9.45%

Taxi 1hour Waiting (Normal Tariff)

$29.08 €25.07

$17.35 €14.95

67.61%

Gasoline (1 liter)

$1.93 €1.67

$1.69 €1.46

14.20%

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

$37.1K €32.0K

$25.9K €22.3K

43.11%

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

$34.3K €29.6K

$30.2K €26.1K

13.51%

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

$193 €166

$88.8 €76.5

116.95%

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

$21.00 €18.10

$21.27 €18.33

-1.27%

Internet (50+ Mbps, Unlimited Data)

$34.84 €30.03

$30.61 €26.39

13.82%

Gym Membership (Monthly)

$53.3 €45.90

$48.63 €41.92

9.50%

Tennis Court (1 Hour on Weekend)

$17.60 €15.17

$25.18 €21.70

-30.10%

Cinema Ticket

$11.60 €10.00

$9.59 €8.27

20.96%

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

$672 €580

$342 €294

96.79%

International Primary School, 1 Child (Yearly)

$12.1K €10.5K

$8,274 €7,132

46.71%

Jeans (Levis 501 Or Similar)

$94.9 €81.8

$69.6 €60.0

36.25%

Summer Dress (H&M, Zara, etc)

$42.95 €37.02

$33.84 €29.17

26.92%

Sport Shoes (Adidas, Nike)

$106 €91.7

$81.8 €70.5

30.05%

Men's Leather Business Shoes

$135 €116

$68.6 €59.1

96.52%

1-bedroom Apartment, City Center (Monthly)

$1,578 €1,360

$1,158 €998

36.30%

1-bedroom Apartment, Outside City Center (Monthly)

$1,137 €980

$689 €594

64.99%

3-bedroom Apartment, City Center (Monthly)

$2,828 €2,437

$2,282 €1,967

23.92%

3-bedroom Apartment, Outside City Center (Monthly)

$1,914 €1,650

$791 €681

142.08%

Buy Apartment in City Center (m2)

$8,728 €7,523

$3,469 €2,990

151.61%

Buy Apartment Outside City Center (m2)

$4,762 €4,105

$2,305 €1,987

106.61%

Average Monthly Net Salary (After Tax)

$2,613 €2,252

$1,440 €1,241

81.43%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.43

3.33

3.00%

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

Last update for Madrid: January 13, 2026

Last update for Canary Islands: January 13, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Similar cities

Lisbon

🇵🇹 Portugal

Barcelona

🇪🇸 Spain

Vienna

🇦🇹 Austria

Brisbane

🇦🇺 Australia

Perth

🇦🇺 Australia

Helsinki

🇫🇮 Finland

Auckland

🇳🇿 New Zealand

Abu Dhabi

🇦🇪 United Arab Emirates