Cost of Living Comparison Between Madrid and Lanzarote Cost of Living Comparison Between Madrid and Lanzarote

😐 Solo nomad: Madrid is 12.6% more expensive than Lanzarote without rent, and 41.5% more expensive with rent.
😐 Family of 3: Madrid is 3.8% more expensive than Lanzarote without rent, and 37.3% more expensive with rent.
Currency
🍽 Eating Out
Madrid
Lanzarote
Difference
Meal at Budget Restaurant
$17.03 €14.7
$12.08 €10.43
40.98%
Three-Course Dinner for Two, Mid-Range
$70.3 €60.7
$57.5 €49.65
22.24%
Fast Food Meal (McDonalds, etc)
$11.77 €10.16
$10.62 €9.17
10.83%
Cappuccino
$3.21 €2.77
$2.22 €1.92
44.59%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$3.18 €2.75
$2.21 €1.91
43.89%
Water (0.33 liter bottle)
$2.1 €1.82
$1.2 €1.04
75.00%
Local Beer (0.5 liter draught)
$4.13 €3.56
$2.84 €2.45
45.42%
Imported Beer (0.33 liter bottle)
$4.49 €3.88
$4.3 €3.71
4.42%
🛒 Groceries & Markets
Madrid
Lanzarote
Difference
Milk (1 liter)
$1.23 €1.07
$1.23 €1.07
-
White Bread (500g)
$1.63 €1.41
$1.45 €1.25
12.41%
Rice (white) (1kg)
$1.64 €1.41
$2.04 €1.76
-19.61%
Eggs
$3.34 €2.89
$3.37 €2.91
-0.89%
Local Cheese (1kg)
$14.88 €12.84
$11.85 €10.23
25.57%
Chicken Fillets (1kg)
$9.04 €7.81
$10.26 €8.85
-11.89%
Beef Round Steak (1kg)
$16.8 €14.5
$17.02 €14.7
-1.29%
Apples (1kg)
$2.73 €2.35
$2.38 €2.06
14.71%
Banana (1kg)
$2.15 €1.86
$2.46 €2.13
-12.60%
Oranges (1kg)
$2.5 €2.16
$2.21 €1.9
13.12%
Tomato (1kg)
$2.67 €2.31
$2.64 €2.28
1.14%
Potato (1kg)
$2.14 €1.85
$1.77 €1.53
20.90%
Onion (1kg)
$2.16 €1.87
$2.69 €2.32
-19.70%
Lettuce (1 head)
$1.35 €1.17
$1.87 €1.61
-27.81%
Water (1.5 liter bottle)
$0.93 €0.81
$0.98 €0.84
-5.10%
Cigarettes 20 Pack (Marlboro, Camel)
$7.12 €6.15
$4.67 €4.03
52.46%
Wine (Bottle)
$7.96 €6.87
$6.13 €5.29
29.85%
Local Beer (0.5 liter bottle)
$1.39 €1.2
$1.63 €1.41
-14.72%
Imported Beer (0.33 liter bottle)
$2.27 €1.96
$3.85 €3.33
-41.04%
🚌 Getting Around
Madrid
Lanzarote
Difference
One-way Ticket (Public Transport)
$1.71 €1.47
$1.7 €1.47
0.59%
Public Transport Monthly Pass (Regular Price)
$48.37 €41.77
$34.5 €29.78
40.20%
Taxi Start (Normal Tariff)
$4.15 €3.59
$3.39 €2.93
22.42%
Taxi (Normal Tariff) (1km)
$1.34 €1.15
$2.1 €1.81
-36.19%
Taxi 1hour Waiting (Normal Tariff)
$28.54 €24.64
$23.28 €20.1
22.59%
Gasoline (1 liter)
$1.86 €1.6
$1.58 €1.37
17.72%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$37.9K €32.7K
$38.1K €32.9K
-0.61%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$34.2K €29.5K
$30.7K €26.5K
11.55%
🧾 Monthly Utilities & Internet
Madrid
Lanzarote
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$191 €165
$81 €69.9
136.11%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$21.25 €18.35
$20.51 €17.71
3.61%
Internet (50+ Mbps, Unlimited Data)
$35.96 €31.05
$29.91 €25.83
20.23%
🎉 Sport & Entertainment
Madrid
Lanzarote
Difference
Gym Membership (Monthly)
$54 €46.59
$48.64 €41.99
10.94%
Tennis Court (1 Hour on Weekend)
$17.96 €15.51
$14.81 €12.79
21.27%
Cinema Ticket
$11.51 €9.94
$9.44 €8.15
21.93%
🧸 Childcare & Education
Madrid
Lanzarote
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$674 €582
$530 €458
27.12%
International Primary School, 1 Child (Yearly)
$11.8K €10.2K
$6,349 €5,481
86.47%
👕👟 Clothing & Footwear
Madrid
Lanzarote
Difference
Jeans (Levis 501 Or Similar)
$95.7 €82.6
$103 €88.7
-6.85%
Summer Dress (H&M, Zara, etc)
$41.6 €35.92
$52.2 €45.08
-20.32%
Sport Shoes (Adidas, Nike)
$105 €91.1
$106 €91.7
-0.68%
Men's Leather Business Shoes
$132 €114
$149 €129
-11.52%
🏠 Accommodation & Living
Madrid
Lanzarote
Difference
1-bedroom Apartment, City Center (Monthly)
$1,561 €1,348
$853 €736
83.11%
1-bedroom Apartment, Outside City Center (Monthly)
$1,109 €958
$682 €588
62.77%
3-bedroom Apartment, City Center (Monthly)
$2,840 €2,452
$1,306 €1,128
117.42%
3-bedroom Apartment, Outside City Center (Monthly)
$1,884 €1,626
$1,001 €865
88.09%
Buy Apartment in City Center (m2)
$8,381 €7,236
$3,439 €2,970
143.68%
Buy Apartment Outside City Center (m2)
$4,938 €4,263
$2,057 €1,776
140.07%
💵 Salaries & Financials
Madrid
Lanzarote
Difference
Average Monthly Net Salary (After Tax)
$2,579 €2,227
$1,756 €1,516
46.86%
20-Year Fixed Mortgage Interest Rate (Annual %)
3.43
3.43
-

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

Last update for Madrid: October 29, 2025

Last update for Lanzarote: October 29, 2025

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