Last update: Oct 2026

Cost of Living Comparison Between Madrid and Lanzarote

Name: Lanzarote
Address: Lanzarote, ES

For one person, living is cheaper in Lanzarote: $1,611 a month against $2,265 in Madrid, rent and utilities included – about $7,800 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
79

Cost of Living Index in Lanzarote
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Lanzarote Living Index

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Madrid

🇪🇸 Spain

$2,265

/mo nomad

Lanzarote

🇪🇸 Spain

$1,611

/mo nomad

Monthly Cost of Living

How much you'll spend in Madrid and in Lanzarote

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 Lanzarote actually costs, broken down by who's living it.

A single person spends $2,265 per month in Madrid vs $1,611 in Lanzarote, rent included.

Madrid $2,265
Lanzarote $1,611

A couple spends around $3,296 per month in Madrid vs $2,446 in Lanzarote, rent included.

Madrid $3,296
Lanzarote $2,446

A family of three spends $4,328 per month in Madrid vs $3,280 in Lanzarote, rent included.

Madrid $4,328
Lanzarote $3,280

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

Both Madrid and Lanzarote sit above the global median – Madrid by 68%, Lanzarote by 19%.

Meal at Budget Restaurant

$18.20 €16.19

$13.31 €11.84

36.74%

Three-Course Dinner for Two, Mid-Range

$68.1 €60.5

$72.9 €64.9

-6.66%

Fast Food Meal (McDonalds, etc)

$11.24 €9.99

$10.45 €9.30

7.56%

Cappuccino

$3.15 €2.80

$2.47 €2.20

27.53%

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

$3.36 €2.99

$2.16 €1.92

55.56%

Water (0.33 liter bottle)

$2.36 €2.10

$1.63 €1.45

44.79%

Local Beer (0.5 liter draught)

$3.83 €3.40

$3.04 €2.71

25.99%

Imported Beer (0.33 liter bottle)

$4.92 €4.38

$3.75 €3.33

31.20%

Milk (1 liter)

$1.32 €1.17

$1.11 €0.98

18.92%

White Bread (500g)

$1.61 €1.43

$1.44 €1.28

11.81%

Rice (white) (1kg)

$1.65 €1.47

Eggs

$4.07 €3.62

$3.65 €3.25

11.51%

Local Cheese (1kg)

$15.82 €14.07

$11.98 €10.65

32.05%

Chicken Fillets (1kg)

$9.49 €8.44

$10.17 €9.04

-6.69%

Beef Round Steak (1kg)

$17.52 €15.59

$17.81 €15.85

-1.63%

Apples (1kg)

$2.56 €2.27

$2.61 €2.32

-1.92%

Banana (1kg)

$2.09 €1.86

$2.60 €2.31

-19.62%

Oranges (1kg)

$2.47 €2.19

$2.24 €2.00

10.27%

Tomato (1kg)

$2.49 €2.22

$2.60 €2.31

-4.23%

Potato (1kg)

$2.26 €2.01

$1.85 €1.65

22.16%

Onion (1kg)

$2.15 €1.91

$2.39 €2.12

-10.04%

Lettuce (1 head)

$1.57 €1.40

$2.00 €1.78

-21.50%

Water (1.5 liter bottle)

$1.07 €0.95

$0.89 €0.79

20.22%

Cigarettes 20 Pack (Marlboro, Camel)

$6.55 €5.82

$4.60 €4.09

42.39%

Wine (Bottle)

$7.65 €6.81

$6.91 €6.15

10.71%

Local Beer (0.5 liter bottle)

$1.17 €1.04

$1.76 €1.57

-33.52%

Imported Beer (0.33 liter bottle)

$2.22 €1.97

$2.62 €2.33

-15.27%

One-way Ticket (Public Transport)

$1.63 €1.45

$1.62 €1.44

0.62%

Public Transport Monthly Pass (Regular Price)

$36.42 €32.39

$32.85 €29.22

10.87%

Taxi Start (Normal Tariff)

$3.73 €3.32

$3.32 €2.95

12.35%

Taxi (Normal Tariff) (1km)

$1.54 €1.37

$2.18 €1.94

-29.36%

Taxi 1hour Waiting (Normal Tariff)

$29.17 €25.95

$27.87 €24.79

4.66%

Gasoline (1 liter)

$1.78 €1.58

$1.73 €1.54

2.89%

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

$35.5K €31.6K

$35.3K €31.4K

0.49%

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

$33.2K €29.6K

$29.6K €26.3K

12.28%

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

$189 €168

$114 €101

65.94%

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

$17.48 €15.55

$19.51 €17.35

-10.40%

Internet (50+ Mbps, Unlimited Data)

$34.32 €30.53

$29.03 €25.83

18.22%

Gym Membership (Monthly)

$48.62 €43.25

$45.66 €40.61

6.48%

Tennis Court (1 Hour on Weekend)

$18.44 €16.40

$15.77 €14.03

16.93%

Cinema Ticket

$11.04 €9.82

$8.72 €7.76

26.61%

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

$693 €617

$473 €421

46.59%

International Primary School, 1 Child (Yearly)

$17.8K €15.8K

$6,751 €6,005

162.99%

Jeans (Levis 501 Or Similar)

$84.6 €75.3

$89.2 €79.4

-5.20%

Summer Dress (H&M, Zara, etc)

$42.50 €37.80

$38.36 €34.12

10.79%

Sport Shoes (Adidas, Nike)

$110 €98.1

$90.9 €80.8

21.35%

Men's Leather Business Shoes

$112 €99.9

$121 €108

-7.53%

1-bedroom Apartment, City Center (Monthly)

$1,506 €1,339

$901 €801

67.12%

1-bedroom Apartment, Outside City Center (Monthly)

$1,170 €1,041

$679 €604

72.24%

3-bedroom Apartment, City Center (Monthly)

$2,756 €2,451

$1,326 €1,180

107.82%

3-bedroom Apartment, Outside City Center (Monthly)

$1,845 €1,641

$1,031 €917

78.87%

Buy Apartment in City Center (m2)

$9,168 €8,155

$3,266 €2,905

180.76%

Buy Apartment Outside City Center (m2)

$4,234 €3,766

$2,250 €2,001

88.20%

Average Monthly Net Salary (After Tax)

$2,483 €2,209

$1,713 €1,524

44.93%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.14

3.15

-0.32%

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

Last update for Madrid: October 11, 2026

Last update for Lanzarote: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Madrid

$1.2K 51.7%

Lanzarote

$679 42.2% 41.9% $491

Groceries & Markets

Madrid

$303 13.4%

Lanzarote

$294 18.3% 2.9% $8.7

Eating Out

Madrid

$269 11.9%

Lanzarote

$205 12.8% 23.6% $64

Monthly Utilities & Internet

Madrid

$241 10.6%

Lanzarote

$162 10.1% 32.5% $78

Clothing & Footwear

Madrid

$157 7%

Lanzarote

$153 9.5% 2.8% $4.4

Sport & Entertainment

Madrid

$71 3.1%

Lanzarote

$63 3.9% 10.8% $7.6

Getting Around

Madrid

$54 2.4%

Lanzarote

$54 3.3% 1.6% $0.9

Cost Breakdown

A central one-bedroom costs $1,506 in Madrid versus $901 in Lanzarote. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 45% higher in Madrid, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $68.0 in Madrid versus $73.0 in Lanzarote. Groceries tell a different story – $303 in Madrid vs $294 in Lanzarote – so Lanzarote wins on supermarket bills even if dining out costs more.

Good to know

🇪🇸 Madrid

🇪🇸 Lanzarote

🕒 Local time

22:49 10:49 PM

21:49 9:49 PM

1 h behind Madrid

🌤 Weather

👥 Population

3,332,035 Capital

5,228

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Highest

Between locations

Madrid Lanzarote 1,550 km ≈ 2 h 30 min nonstop flight

From you

Madrid
Lanzarote

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 Lanzarote: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,265 in Madrid, $1,611 in Lanzarote – roughly 41% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,398 per month in Madrid and $2,416 in Lanzarote. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Lanzarote, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $2,265 in Madrid and $1,611 in Lanzarote. That's a gap of about 41%.

Public transport costs about 11% less in Lanzarote. For daily commuters, that gap adds up to noticeable savings over a year.

A $3,000 monthly budget goes further in Lanzarote, where all-in costs run around $1,611, than in Madrid at $2,265. In Lanzarote it covers expenses comfortably, while in Madrid it requires careful planning or may not stretch far enough.

It depends on your priorities. Madrid has an edge in some lifestyle areas, with costs from $1,611 in Lanzarote to $2,265 in Madrid. Climate, culture, job market, and personal taste all factor in.

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 Lanzarote. 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.