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

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

Monthly Cost of Living

A single person spends $2,270 per month in Madrid vs $1,598 in Fuerteventura, Canary Islands, rent included.

A couple spends around $3,352 per month in Madrid vs $2,355 in Fuerteventura, Canary Islands, rent included.

A family of three spends $4,434 per month in Madrid vs $3,112 in Fuerteventura, Canary Islands, rent included.

Madrid costs about 42% more than Fuerteventura, Canary Islands, driven mainly by Eating Out.

Both Madrid and Fuerteventura, Canary Islands sit above the global median – Madrid by 69%, Fuerteventura, Canary Islands by 19%.

Meal at Budget Restaurant

$17.07 €14.80

$15.29 €13.25

11.64%

Three-Course Dinner for Two, Mid-Range

$69.5 €60.2

$57.6 €49.92

20.64%

Fast Food Meal (McDonalds, etc)

$11.92 €10.33

$10.21 €8.85

16.75%

Cappuccino

$3.09 €2.68

$2.20 €1.91

40.45%

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

$3.10 €2.69

$2.38 €2.07

30.25%

Water (0.33 liter bottle)

$2.11 €1.83

$1.76 €1.52

19.89%

Local Beer (0.5 liter draught)

$4.14 €3.59

$3.27 €2.83

26.61%

Imported Beer (0.33 liter bottle)

$4.60 €3.99

$3.55 €3.07

29.58%

Milk (1 liter)

$1.19 €1.03

$1.14 €0.99

4.39%

White Bread (500g)

$1.70 €1.47

$1.43 €1.24

18.88%

Rice (white) (1kg)

$1.70 €1.47

$1.60 €1.39

6.25%

Eggs

$3.48 €3.02

$2.95 €2.56

17.97%

Local Cheese (1kg)

$14.73 €12.77

$13.80 €11.96

6.74%

Chicken Fillets (1kg)

$9.07 €7.86

$8.35 €7.23

8.62%

Beef Round Steak (1kg)

$16.75 €14.52

$14.97 €12.98

11.89%

Apples (1kg)

$2.61 €2.27

$2.47 €2.14

5.67%

Banana (1kg)

$2.22 €1.92

$1.95 €1.69

13.85%

Oranges (1kg)

$2.51 €2.17

$1.92 €1.67

30.73%

Tomato (1kg)

$2.75 €2.38

$2.55 €2.21

7.84%

Potato (1kg)

$2.14 €1.85

$1.73 €1.50

23.70%

Onion (1kg)

$2.13 €1.85

$1.99 €1.72

7.04%

Lettuce (1 head)

$1.39 €1.20

$1.30 €1.12

6.92%

Water (1.5 liter bottle)

$0.97 €0.84

$0.70 €0.60

38.57%

Cigarettes 20 Pack (Marlboro, Camel)

$6.79 €5.88

$6.44 €5.58

5.43%

Wine (Bottle)

$8.02 €6.95

$5.93 €5.14

35.24%

Local Beer (0.5 liter bottle)

$1.44 €1.25

$1.25 €1.08

15.20%

Imported Beer (0.33 liter bottle)

$2.25 €1.95

$2.04 €1.77

10.29%

One-way Ticket (Public Transport)

$1.76 €1.53

$1.63 €1.41

7.98%

Public Transport Monthly Pass (Regular Price)

$49.48 €42.89

$34.05 €29.51

45.32%

Taxi Start (Normal Tariff)

$4.11 €3.57

$3.94 €3.41

4.31%

Taxi (Normal Tariff) (1km)

$1.39 €1.20

$1.26 €1.09

10.32%

Taxi 1hour Waiting (Normal Tariff)

$29.01 €25.14

$25.19 €21.83

15.16%

Gasoline (1 liter)

$1.87 €1.62

$1.82 €1.58

2.75%

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

$37.6K €32.6K

$38.3K €33.2K

-1.85%

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

$34.1K €29.5K

$29.7K €25.8K

14.62%

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

$195 €169

$134 €116

45.39%

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

$21.25 €18.42

$21.10 €18.29

0.71%

Internet (50+ Mbps, Unlimited Data)

$35.75 €30.99

$31.37 €27.19

13.96%

Gym Membership (Monthly)

$52.8 €45.74

$48.35 €41.91

9.16%

Tennis Court (1 Hour on Weekend)

$17.91 €15.53

$14.92 €12.93

20.04%

Cinema Ticket

$11.72 €10.15

$9.17 €7.95

27.81%

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

$680 €589

$404 €350

68.31%

International Primary School, 1 Child (Yearly)

$12.3K €10.6K

$8,096 €7,017

51.48%

Jeans (Levis 501 Or Similar)

$95.8 €83.1

$84.0 €72.8

14.16%

Summer Dress (H&M, Zara, etc)

$42.50 €36.84

$34.84 €30.19

21.99%

Sport Shoes (Adidas, Nike)

$106 €92.0

$89.5 €77.6

18.53%

Men's Leather Business Shoes

$137 €118

$110 €95.2

24.42%

1-bedroom Apartment, City Center (Monthly)

$1,609 €1,394

$865 €750

85.85%

1-bedroom Apartment, Outside City Center (Monthly)

$1,138 €986

$696 €603

63.52%

3-bedroom Apartment, City Center (Monthly)

$2,792 €2,419

$1,341 €1,162

108.24%

3-bedroom Apartment, Outside City Center (Monthly)

$1,915 €1,660

$990 €858

93.46%

Buy Apartment in City Center (m2)

$8,893 €7,708

$3,272 €2,836

171.79%

Buy Apartment Outside City Center (m2)

$4,347 €3,767

$2,304 €1,997

88.70%

Average Monthly Net Salary (After Tax)

$2,584 €2,240

20-Year Fixed Mortgage Interest Rate (Annual %)

3.43

3.5

-2.00%

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

Last update for Madrid: June 6, 2026

Last update for Fuerteventura, Canary Islands: June 7, 2026

Cost Breakdown

A central one-bedroom costs $1,609 in Madrid versus $865 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 $69.0 in Madrid versus $58.0 in Fuerteventura, Canary Islands. Monthly groceries follow the same trend: $295 vs $261 – making Fuerteventura, Canary Islands the more affordable choice for daily food spending.

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 42%, 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 $3,406 per month in Madrid and $2,396 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. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 13% 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 $69.0 in Madrid and $58.0 in Fuerteventura, Canary Islands. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,500 monthly budget goes further in Fuerteventura, Canary Islands, where all-in costs run around $1,598, than in Madrid at $2,270. In Fuerteventura, Canary Islands it covers expenses comfortably, while in Madrid it requires careful planning or may not stretch far enough.

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.

If budget matters most, go with Fuerteventura, Canary Islands. 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.