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

Name: Lanzarote
Address: Lanzarote, ES

Monthly Cost of Living

A single person spends $2,293 per month in Madrid vs $1,619 in Lanzarote, rent included.

A couple spends around $3,370 per month in Madrid vs $2,406 in Lanzarote, rent included.

A family of three spends $4,447 per month in Madrid vs $3,193 in Lanzarote, rent included.

Madrid costs about 42% more than Lanzarote, driven mainly by Eating Out.

Both Madrid and Lanzarote sit above the global median – Madrid by 72%, Lanzarote by 21%.

Meal at Budget Restaurant

$17.33 €15.14

$12.09 €10.56

43.34%

Three-Course Dinner for Two, Mid-Range

$68.7 €60.0

$58.0 €50.7

18.43%

Fast Food Meal (McDonalds, etc)

$11.95 €10.44

$10.49 €9.17

13.92%

Cappuccino

$3.10 €2.71

$2.27 €1.98

36.56%

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

$3.21 €2.80

$2.21 €1.93

45.25%

Water (0.33 liter bottle)

$2.14 €1.87

$1.20 €1.05

78.33%

Local Beer (0.5 liter draught)

$4.10 €3.58

$2.94 €2.57

39.46%

Imported Beer (0.33 liter bottle)

$4.55 €3.98

$4.21 €3.68

8.08%

Milk (1 liter)

$1.19 €1.04

White Bread (500g)

$1.71 €1.49

$1.38 €1.20

23.91%

Rice (white) (1kg)

$1.72 €1.50

$2.15 €1.88

-20.00%

Eggs

$3.52 €3.07

$3.31 €2.89

6.34%

Local Cheese (1kg)

$14.98 €13.09

$11.78 €10.29

27.16%

Chicken Fillets (1kg)

$8.83 €7.72

$10.01 €8.74

-11.79%

Beef Round Steak (1kg)

$16.75 €14.63

$16.87 €14.74

-0.71%

Apples (1kg)

$2.60 €2.27

$2.51 €2.19

3.59%

Banana (1kg)

$2.22 €1.94

$2.51 €2.19

-11.55%

Oranges (1kg)

$2.45 €2.14

$2.31 €2.02

6.06%

Tomato (1kg)

$2.65 €2.32

$2.64 €2.31

0.38%

Potato (1kg)

$2.07 €1.81

$1.71 €1.50

21.05%

Onion (1kg)

$2.15 €1.88

$2.75 €2.40

-21.82%

Lettuce (1 head)

$1.34 €1.17

$1.80 €1.57

-25.56%

Water (1.5 liter bottle)

$0.99 €0.86

$0.92 €0.80

7.61%

Cigarettes 20 Pack (Marlboro, Camel)

$6.99 €6.10

$4.62 €4.04

51.30%

Wine (Bottle)

$7.77 €6.79

$6.71 €5.86

15.80%

Local Beer (0.5 liter bottle)

$1.43 €1.25

$1.56 €1.36

-8.33%

Imported Beer (0.33 liter bottle)

$2.18 €1.90

$3.78 €3.30

-42.33%

One-way Ticket (Public Transport)

$1.78 €1.56

$1.66 €1.45

7.23%

Public Transport Monthly Pass (Regular Price)

$48.79 €42.62

$34.10 €29.79

43.08%

Taxi Start (Normal Tariff)

$4.12 €3.60

$3.56 €3.11

15.73%

Taxi (Normal Tariff) (1km)

$1.39 €1.21

$2.13 €1.86

-34.74%

Taxi 1hour Waiting (Normal Tariff)

$28.50 €24.90

$23.46 €20.50

21.48%

Gasoline (1 liter)

$1.92 €1.68

$1.58 €1.38

21.52%

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

$37.7K €32.9K

$38.1K €33.3K

-1.09%

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

$34.1K €29.8K

$30.3K €26.5K

12.57%

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

$193 €169

$79.3 €69.3

143.65%

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

$21.55 €18.83

$21.07 €18.41

2.28%

Internet (50+ Mbps, Unlimited Data)

$35.97 €31.42

$30.07 €26.27

19.62%

Gym Membership (Monthly)

$52.7 €46.04

$47.06 €41.11

11.96%

Tennis Court (1 Hour on Weekend)

$17.64 €15.42

$14.84 €12.96

18.87%

Cinema Ticket

$11.44 €10.00

$9.27 €8.10

23.41%

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

$669 €584

$535 €467

25.00%

International Primary School, 1 Child (Yearly)

$11.9K €10.4K

$6,345 €5,544

87.25%

Jeans (Levis 501 Or Similar)

$94.7 €82.7

$102 €89.3

-7.35%

Summer Dress (H&M, Zara, etc)

$42.81 €37.41

$52.5 €45.90

-18.50%

Sport Shoes (Adidas, Nike)

$105 €91.6

$109 €94.8

-3.42%

Men's Leather Business Shoes

$132 €115

$148 €130

-11.12%

1-bedroom Apartment, City Center (Monthly)

$1,607 €1,404

$849 €742

89.31%

1-bedroom Apartment, Outside City Center (Monthly)

$1,151 €1,006

$708 €618

62.64%

3-bedroom Apartment, City Center (Monthly)

$2,839 €2,480

$1,318 €1,151

115.41%

3-bedroom Apartment, Outside City Center (Monthly)

$1,879 €1,642

$990 €865

89.90%

Buy Apartment in City Center (m2)

$9,038 €7,896

$3,734 €3,263

142.00%

Buy Apartment Outside City Center (m2)

$4,262 €3,724

$2,075 €1,813

105.35%

Average Monthly Net Salary (After Tax)

$2,464 €2,153

$1,693 €1,480

45.49%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.43

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

Last update for Madrid: July 12, 2026

Last update for Lanzarote: July 13, 2026

Cost Breakdown

A central one-bedroom costs $1,607 in Madrid versus $849 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 $69.0 in Madrid versus $58.0 in Lanzarote. Monthly groceries follow the same trend: $293 vs $291 – making Lanzarote 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 Lanzarote: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,293 in Madrid, $1,619 in Lanzarote – roughly 42% apart. Madrid costs more across the board, with Eating Out showing the biggest gap.

For a comfortable life, plan on about $3,439 per month in Madrid and $2,429 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 $2,293 in Madrid and $1,619 in Lanzarote. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 43% 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 $1,619, than in Madrid at $2,293. 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 $1,619 in Lanzarote to $2,293 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.