Last update: Oct 2026

Cost of Living Comparison Between Madrid and Fuerteventura, Canary Islands

Name: Fuerteventura, Canary Islands
Address: Fuerteventura, Canary Islands, ES

For one person, living is cheaper in Fuerteventura, Canary Islands: $1,629 a month against $2,304 in Madrid, rent and utilities included – about $8,100 less a year. Rent and utilities account for most of the difference.

111

Cost of Living Index in Madrid
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Madrid Living Index
78

Cost of Living Index in Fuerteventura, Canary Islands
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Fuerteventura, Canary Islands Living Index

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Madrid

🇪🇸 Spain

$2,304

/mo nomad

Fuerteventura, Canary Islands

🇪🇸 Spain

$1,629

/mo nomad

Monthly Cost of Living

How much you'll spend in Madrid and in Fuerteventura, Canary Islands

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Madrid and in Fuerteventura, Canary Islands actually costs, broken down by who's living it.

A single person spends $2,304 per month in Madrid vs $1,629 in Fuerteventura, Canary Islands, rent included.

Madrid $2,304
Fuerteventura, Canary Islands $1,629

A couple spends around $3,389 per month in Madrid vs $2,380 in Fuerteventura, Canary Islands, rent included.

Madrid $3,389
Fuerteventura, Canary Islands $2,380

A family of three spends $4,475 per month in Madrid vs $3,131 in Fuerteventura, Canary Islands, rent included.

Madrid $4,475
Fuerteventura, Canary Islands $3,131

Madrid costs about 41% more than Fuerteventura, Canary Islands, and outside of rent the biggest gap is in eating out.

Both Madrid and Fuerteventura, Canary Islands sit above the global median – Madrid by 69%, Fuerteventura, Canary Islands by 20%.

Meal at Budget Restaurant

$17.73 €15.93

$15.28 €13.73

16.03%

Three-Course Dinner for Two, Mid-Range

$66.9 €60.1

$57.5 €51.6

16.38%

Fast Food Meal (McDonalds, etc)

$11.30 €10.15

$10.33 €9.28

9.39%

Cappuccino

$3.04 €2.73

$2.18 €1.96

39.45%

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

$3.36 €3.02

$2.30 €2.06

46.09%

Water (0.33 liter bottle)

$2.35 €2.11

$1.79 €1.61

31.28%

Local Beer (0.5 liter draught)

$3.89 €3.50

$3.24 €2.91

20.06%

Imported Beer (0.33 liter bottle)

$4.80 €4.31

$3.45 €3.10

39.13%

Milk (1 liter)

$1.32 €1.18

$1.16 €1.04

13.79%

White Bread (500g)

$1.64 €1.47

$1.41 €1.27

16.31%

Rice (white) (1kg)

$1.72 €1.55

$1.61 €1.45

6.83%

Eggs

$4.20 €3.78

$2.79 €2.50

50.54%

Local Cheese (1kg)

$15.91 €14.29

$13.51 €12.14

17.76%

Chicken Fillets (1kg)

$9.36 €8.41

$8.54 €7.68

9.60%

Beef Round Steak (1kg)

$17.21 €15.46

$15.20 €13.66

13.22%

Apples (1kg)

$2.56 €2.30

$2.45 €2.20

4.49%

Banana (1kg)

$2.09 €1.88

$1.95 €1.75

7.18%

Oranges (1kg)

$2.55 €2.29

$1.90 €1.71

34.21%

Tomato (1kg)

$2.58 €2.32

$2.60 €2.34

-0.77%

Potato (1kg)

$2.31 €2.08

$1.70 €1.53

35.88%

Onion (1kg)

$2.17 €1.95

$1.98 €1.78

9.60%

Lettuce (1 head)

$1.50 €1.35

$1.33 €1.20

12.78%

Water (1.5 liter bottle)

$1.07 €0.96

$0.72 €0.65

48.61%

Cigarettes 20 Pack (Marlboro, Camel)

$6.57 €5.90

$6.34 €5.70

3.63%

Wine (Bottle)

$7.87 €7.07

$5.91 €5.31

33.16%

Local Beer (0.5 liter bottle)

$1.21 €1.09

Imported Beer (0.33 liter bottle)

$2.17 €1.95

$2.02 €1.81

7.43%

One-way Ticket (Public Transport)

$1.67 €1.50

$1.73 €1.55

-3.47%

Public Transport Monthly Pass (Regular Price)

$37.53 €33.72

$33.78 €30.35

11.10%

Taxi Start (Normal Tariff)

$3.76 €3.38

$4.16 €3.74

-9.62%

Taxi (Normal Tariff) (1km)

$1.49 €1.34

$1.20 €1.08

24.17%

Taxi 1hour Waiting (Normal Tariff)

$30.17 €27.11

$24.29 €21.83

24.21%

Gasoline (1 liter)

$1.85 €1.66

$1.83 €1.64

1.09%

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

$33.9K €30.4K

$38.4K €34.5K

-11.89%

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

$33.3K €29.9K

$29.9K €26.8K

11.52%

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

$192 €172

$137 €123

39.79%

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

$17.66 €15.87

$21.24 €19.08

-16.85%

Internet (50+ Mbps, Unlimited Data)

$35.07 €31.51

$31.61 €28.40

10.95%

Gym Membership (Monthly)

$47.27 €42.47

$47.97 €43.10

-1.46%

Tennis Court (1 Hour on Weekend)

$18.23 €16.38

$14.97 €13.45

21.78%

Cinema Ticket

$11.29 €10.15

$9.29 €8.35

21.53%

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

$687 €617

$411 €369

67.28%

International Primary School, 1 Child (Yearly)

$18.0K €16.2K

$8,167 €7,338

120.18%

Jeans (Levis 501 Or Similar)

$86.5 €77.8

$84.3 €75.7

2.72%

Summer Dress (H&M, Zara, etc)

$41.65 €37.42

$35.15 €31.58

18.49%

Sport Shoes (Adidas, Nike)

$108 €97.1

$89.3 €80.2

21.09%

Men's Leather Business Shoes

$112 €100

$107 €96.2

4.28%

1-bedroom Apartment, City Center (Monthly)

$1,508 €1,355

$854 €767

76.63%

1-bedroom Apartment, Outside City Center (Monthly)

$1,210 €1,087

$699 €628

73.05%

3-bedroom Apartment, City Center (Monthly)

$2,829 €2,542

$1,336 €1,200

111.79%

3-bedroom Apartment, Outside City Center (Monthly)

$2,004 €1,801

$999 €898

100.54%

Buy Apartment in City Center (m2)

$9,002 €8,088

$3,396 €3,052

165.05%

Buy Apartment Outside City Center (m2)

$4,710 €4,232

$2,294 €2,061

105.34%

Average Monthly Net Salary (After Tax)

$2,453 €2,204

20-Year Fixed Mortgage Interest Rate (Annual %)

3.14

3.5

-10.29%

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

Last update for Madrid: October 24, 2026

Last update for Fuerteventura, Canary Islands: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Madrid

$1.2K 52.5%

Fuerteventura, Canary Islands

$699 42.9% 42.2% $511

Groceries & Markets

Madrid

$304 13.2%

Fuerteventura, Canary Islands

$262 16.1% 14% $43

Eating Out

Madrid

$264 11.5%

Fuerteventura, Canary Islands

$219 13.4% 17.1% $45

Monthly Utilities & Internet

Madrid

$244 10.6%

Fuerteventura, Canary Islands

$190 11.7% 22.3% $54

Clothing & Footwear

Madrid

$157 6.8%

Fuerteventura, Canary Islands

$142 8.7% 9.3% $14

Sport & Entertainment

Madrid

$70 3%

Fuerteventura, Canary Islands

$67 4.1% 4.7% $3.3

Getting Around

Madrid

$55 2.4%

Fuerteventura, Canary Islands

$51 3.1% 8.3% $4.6

Cost Breakdown

A central one-bedroom costs $1,508 in Madrid versus $854 in Fuerteventura, Canary Islands. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $67 in Madrid versus $57 in Fuerteventura, Canary Islands. Monthly groceries follow the same trend: $304 vs $262 – making Fuerteventura, Canary Islands the more affordable choice for daily food spending.

Good to know

🇪🇸 Madrid

🇪🇸 Fuerteventura, Canary Islands

🕒 Local time

12:08 12:08 PM

11:08 11:08 AM

1 h behind Madrid

🌤 Weather

👥 Population

3,332,035 Capital

124,152

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.11 USD

Exchange rates and currency converter

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Between locations

Madrid Fuerteventura, Canary Islands 1,640 km ≈ 2 h 30 min nonstop flight

From you

Madrid
Fuerteventura, Canary Islands

Distances are measured in a straight line. Your location is detected approximately.

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 Fuerteventura, Canary Islands: Cost of Living - Frequently Asked Questions

Yes – Madrid is pricier by about 41%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,456 per month in Madrid and $2,443 in Fuerteventura, Canary Islands. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Fuerteventura, Canary Islands, especially for central apartments: a one-bedroom in the center costs $854 there versus $1,508 in Madrid.

Groceries cost about 16% more in Madrid, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $67 in Madrid and $57 in Fuerteventura, Canary Islands. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Families tend to lean toward Fuerteventura, Canary Islands – 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.

For expats, Fuerteventura, Canary Islands is the easier option financially – housing and daily costs are lower, and the 41% gap matters a lot on a fixed budget or early-career salary.