Cost of Living Comparison Between Madrid and Gran Canaria, Canary Islands Cost of Living Comparison Between Madrid and Gran Canaria, Canary Islands

😐 Solo nomad: Madrid is 15.1% more expensive than Gran Canaria, Canary Islands without rent, and 38.3% more expensive with rent.

😐 Family of 3: Madrid is 16.8% more expensive than Gran Canaria, Canary Islands without rent, and 40% more expensive with rent.

Meal at Budget Restaurant

$17.44 €15.02

$15.34 €13.21

13.69%

Three-Course Dinner for Two, Mid-Range

$69.7 €60.0

$57.5 €49.51

21.27%

Fast Food Meal (McDonalds, etc)

$11.77 €10.13

$10.28 €8.85

14.49%

Cappuccino

$3.16 €2.72

$2.26 €1.94

39.82%

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

$3.18 €2.74

$2.32 €2.00

37.07%

Water (0.33 liter bottle)

$2.19 €1.89

$1.79 €1.54

22.35%

Local Beer (0.5 liter draught)

$4.02 €3.46

$3.32 €2.86

21.08%

Imported Beer (0.33 liter bottle)

$4.55 €3.92

$3.38 €2.91

34.62%

Milk (1 liter)

$1.18 €1.02

$1.19 €1.02

-0.84%

White Bread (500g)

$1.68 €1.45

$1.37 €1.18

22.63%

Rice (white) (1kg)

$1.69 €1.46

$1.61 €1.38

4.97%

Eggs

$3.40 €2.92

$2.89 €2.49

17.65%

Local Cheese (1kg)

$14.96 €12.88

$13.40 €11.54

11.64%

Chicken Fillets (1kg)

$8.79 €7.57

$8.50 €7.32

3.41%

Beef Round Steak (1kg)

$16.67 €14.35

$15.02 €12.93

10.99%

Apples (1kg)

$2.71 €2.33

$2.56 €2.21

5.86%

Banana (1kg)

$2.23 €1.92

$2.00 €1.72

11.50%

Oranges (1kg)

$2.45 €2.11

$1.89 €1.62

29.63%

Tomato (1kg)

$2.79 €2.40

$2.68 €2.31

4.10%

Potato (1kg)

$2.06 €1.77

$1.73 €1.49

19.08%

Onion (1kg)

$2.16 €1.86

$1.95 €1.68

10.77%

Lettuce (1 head)

$1.35 €1.16

Water (1.5 liter bottle)

$1.00 €0.86

$0.71 €0.62

40.85%

Cigarettes 20 Pack (Marlboro, Camel)

$6.82 €5.87

$6.47 €5.57

5.41%

Wine (Bottle)

$8.32 €7.17

$5.66 €4.87

47.00%

Local Beer (0.5 liter bottle)

$1.45 €1.25

$1.20 €1.03

20.83%

Imported Beer (0.33 liter bottle)

$2.18 €1.88

$2.11 €1.81

3.32%

One-way Ticket (Public Transport)

$1.72 €1.49

$1.70 €1.46

1.18%

Public Transport Monthly Pass (Regular Price)

$48.68 €41.91

$33.96 €29.24

43.35%

Taxi Start (Normal Tariff)

$4.13 €3.56

$4.06 €3.50

1.72%

Taxi (Normal Tariff) (1km)

$1.37 €1.18

$1.19 €1.03

15.13%

Taxi 1hour Waiting (Normal Tariff)

$29.32 €25.25

$24.80 €21.35

18.23%

Gasoline (1 liter)

$1.91 €1.64

$1.74 €1.50

9.77%

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

$38.0K €32.8K

$38.6K €33.3K

-1.51%

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

$34.0K €29.3K

$29.7K €25.6K

14.41%

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

$192 €165

$134 €116

42.88%

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

$21.64 €18.63

$21.04 €18.12

2.85%

Internet (50+ Mbps, Unlimited Data)

$35.47 €30.54

$31.41 €27.04

12.93%

Gym Membership (Monthly)

$53.8 €46.29

$48.54 €41.79

10.75%

Tennis Court (1 Hour on Weekend)

$18.20 €15.67

$14.82 €12.76

22.81%

Cinema Ticket

$11.66 €10.04

$9.44 €8.13

23.52%

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

$681 €586

$401 €345

69.91%

International Primary School, 1 Child (Yearly)

$12.2K €10.5K

$8,112 €6,985

49.89%

Jeans (Levis 501 Or Similar)

$95.2 €81.9

$84.7 €72.9

12.35%

Summer Dress (H&M, Zara, etc)

$42.76 €36.82

$35.70 €30.74

19.78%

Sport Shoes (Adidas, Nike)

$107 €92.4

$89.9 €77.4

19.43%

Men's Leather Business Shoes

$134 €115

$107 €92.2

25.12%

1-bedroom Apartment, City Center (Monthly)

$1,559 €1,343

$848 €730

83.89%

1-bedroom Apartment, Outside City Center (Monthly)

$1,107 €953

$701 €603

57.95%

3-bedroom Apartment, City Center (Monthly)

$2,817 €2,425

$1,330 €1,145

111.85%

3-bedroom Apartment, Outside City Center (Monthly)

$1,887 €1,625

$993 €855

90.04%

Buy Apartment in City Center (m2)

$9,280 €7,990

$3,391 €2,920

173.66%

Buy Apartment Outside City Center (m2)

$4,391 €3,781

$2,353 €2,026

86.63%

Average Monthly Net Salary (After Tax)

$2,575 €2,217

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: March 1, 2026

Last update for Gran Canaria, Canary Islands: March 2, 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

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