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

😐 Solo nomad: Madrid is 38.9% more expensive than Canary Islands without rent, and 43.7% more expensive with rent.

😐 Family of 3: Madrid is 24.3% more expensive than Canary Islands without rent, and 55.5% more expensive with rent.

Meal at Budget Restaurant

$17.19 €14.57

$17.47 €14.82

-1.60%

Three-Course Dinner for Two, Mid-Range

$70.4 €59.7

$58.9 €49.91

19.64%

Fast Food Meal (McDonalds, etc)

$12.06 €10.23

$9.81 €8.32

22.94%

Cappuccino

$3.15 €2.67

$1.72 €1.46

83.14%

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

$3.21 €2.73

$1.74 €1.47

84.48%

Water (0.33 liter bottle)

$2.11 €1.79

$1.02 €0.87

106.86%

Local Beer (0.5 liter draught)

$3.96 €3.36

$2.96 €2.51

33.78%

Imported Beer (0.33 liter bottle)

$4.53 €3.84

$3.16 €2.68

43.35%

Milk (1 liter)

$1.25 €1.06

$1.27 €1.08

-1.57%

White Bread (500g)

$1.68 €1.43

$1.71 €1.45

-1.75%

Rice (white) (1kg)

$1.71 €1.45

$1.52 €1.29

12.50%

Eggs

$3.40 €2.88

$3.10 €2.62

9.68%

Local Cheese (1kg)

$14.93 €12.66

$16.87 €14.30

-11.50%

Chicken Fillets (1kg)

$8.95 €7.59

$8.45 €7.17

5.92%

Beef Round Steak (1kg)

$17.18 €14.57

$14.42 €12.22

19.14%

Apples (1kg)

$2.60 €2.21

$2.50 €2.12

4.00%

Banana (1kg)

$2.19 €1.86

$1.70 €1.44

28.82%

Oranges (1kg)

$2.56 €2.17

$1.60 €1.36

60.00%

Tomato (1kg)

$2.64 €2.24

$2.61 €2.21

1.15%

Potato (1kg)

$2.12 €1.80

$1.61 €1.37

31.68%

Onion (1kg)

$2.10 €1.78

$1.74 €1.47

20.69%

Lettuce (1 head)

$1.41 €1.19

$1.46 €1.24

-3.42%

Water (1.5 liter bottle)

$0.96 €0.82

$0.69 €0.59

39.13%

Cigarettes 20 Pack (Marlboro, Camel)

$7.06 €5.99

$4.91 €4.16

43.79%

Wine (Bottle)

$8.28 €7.02

$7.16 €6.07

15.64%

Local Beer (0.5 liter bottle)

$1.45 €1.23

$1.48 €1.26

-2.03%

Imported Beer (0.33 liter bottle)

$2.27 €1.92

$1.78 €1.51

27.53%

One-way Ticket (Public Transport)

$1.77 €1.50

$1.66 €1.40

6.63%

Public Transport Monthly Pass (Regular Price)

$49.35 €41.84

$33.73 €28.60

46.31%

Taxi Start (Normal Tariff)

$3.94 €3.34

$3.89 €3.30

1.29%

Taxi (Normal Tariff) (1km)

$1.33 €1.13

$1.29 €1.09

3.10%

Taxi 1hour Waiting (Normal Tariff)

$28.57 €24.23

$17.25 €14.63

65.62%

Gasoline (1 liter)

$1.90 €1.61

$1.62 €1.37

17.28%

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

$38.4K €32.5K

$25.7K €21.8K

49.00%

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

$34.1K €28.9K

$29.9K €25.4K

13.97%

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

$196 €166

$89.2 €75.6

119.41%

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

$21.30 €18.06

$21.19 €17.97

0.52%

Internet (50+ Mbps, Unlimited Data)

$35.85 €30.40

$31.48 €26.69

13.88%

Gym Membership (Monthly)

$53.9 €45.74

$49.15 €41.68

9.75%

Tennis Court (1 Hour on Weekend)

$17.54 €14.87

$25.21 €21.38

-30.42%

Cinema Ticket

$11.36 €9.63

$9.59 €8.13

18.46%

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

$671 €569

$349 €296

92.11%

International Primary School, 1 Child (Yearly)

$11.9K €10.1K

$8,442 €7,159

41.09%

Jeans (Levis 501 Or Similar)

$94.1 €79.8

$69.5 €58.9

35.41%

Summer Dress (H&M, Zara, etc)

$42.46 €36.01

$33.72 €28.60

25.92%

Sport Shoes (Adidas, Nike)

$104 €88.6

$80.1 €67.9

30.42%

Men's Leather Business Shoes

$133 €113

$69.8 €59.2

90.17%

1-bedroom Apartment, City Center (Monthly)

$1,572 €1,333

$1,154 €978

36.26%

1-bedroom Apartment, Outside City Center (Monthly)

$1,126 €955

$711 €603

58.48%

3-bedroom Apartment, City Center (Monthly)

$2,857 €2,423

$2,283 €1,936

25.15%

3-bedroom Apartment, Outside City Center (Monthly)

$1,920 €1,628

$789 €669

143.31%

Buy Apartment in City Center (m2)

$9,268 €7,859

$3,481 €2,952

166.27%

Buy Apartment Outside City Center (m2)

$4,531 €3,842

$2,378 €2,016

90.55%

Average Monthly Net Salary (After Tax)

$2,609 €2,212

$1,434 €1,216

81.93%

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: April 13, 2026

Last update for Canary Islands: April 12, 2026

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

Madrid vs other spots: cost of living compared

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