Cost of Living Comparison Between Madrid and Las Palmas de Gran Canaria Cost of Living Comparison Between Madrid and Las Palmas de Gran Canaria

Name: Las Palmas de Gran Canaria
Address: Las Palmas de Gran Canaria, ES

Monthly Cost of Living

A single person spends $2,368 per month in Madrid vs $1,780 in Las Palmas de Gran Canaria, rent included.

A couple spends around $3,435 per month in Madrid vs $2,665 in Las Palmas de Gran Canaria, rent included.

A family of three spends $4,502 per month in Madrid vs $3,551 in Las Palmas de Gran Canaria, rent included.

Madrid costs about 33% more than Las Palmas de Gran Canaria, driven mainly by Eating Out.

Both Madrid and Las Palmas de Gran Canaria sit above the global median – Madrid by 72%, Las Palmas de Gran Canaria by 30%.

Meal at Budget Restaurant

$18.78 €16.20

$13.73 €11.84

36.78%

Three-Course Dinner for Two, Mid-Range

$68.5 €59.1

$74.9 €64.6

-8.58%

Fast Food Meal (McDonalds, etc)

$11.98 €10.33

$10.84 €9.35

10.52%

Cappuccino

$3.22 €2.78

$2.59 €2.23

24.32%

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

$3.37 €2.91

$2.20 €1.90

53.18%

Water (0.33 liter bottle)

$2.29 €1.97

$1.76 €1.52

30.11%

Local Beer (0.5 liter draught)

$3.97 €3.43

$3.11 €2.69

27.65%

Imported Beer (0.33 liter bottle)

$5.10 €4.39

$3.71 €3.20

37.47%

Milk (1 liter)

$1.35 €1.16

$1.19 €1.02

13.45%

White Bread (500g)

$1.64 €1.41

$1.74 €1.50

-5.75%

Rice (white) (1kg)

$1.73 €1.50

$1.66 €1.43

4.22%

Eggs

$4.42 €3.81

$3.77 €3.25

17.24%

Local Cheese (1kg)

$17.22 €14.86

$12.70 €10.95

35.59%

Chicken Fillets (1kg)

$9.82 €8.47

$10.28 €8.87

-4.47%

Beef Round Steak (1kg)

$18.22 €15.71

$18.93 €16.33

-3.75%

Apples (1kg)

$2.73 €2.36

$2.72 €2.35

0.37%

Banana (1kg)

$2.36 €2.03

$2.63 €2.27

-10.27%

Oranges (1kg)

$2.59 €2.24

$2.36 €2.03

9.75%

Tomato (1kg)

$2.68 €2.31

$2.58 €2.23

3.88%

Potato (1kg)

$2.29 €1.98

$2.38 €2.06

-3.78%

Onion (1kg)

$2.27 €1.95

$2.46 €2.13

-7.72%

Lettuce (1 head)

$1.58 €1.36

$2.10 €1.81

-24.76%

Water (1.5 liter bottle)

$1.12 €0.96

$0.85 €0.73

31.76%

Cigarettes 20 Pack (Marlboro, Camel)

$6.79 €5.86

$4.67 €4.03

45.40%

Wine (Bottle)

$8.33 €7.18

$7.05 €6.08

18.16%

Local Beer (0.5 liter bottle)

$1.23 €1.06

$1.85 €1.60

-33.51%

Imported Beer (0.33 liter bottle)

$2.25 €1.94

$2.73 €2.35

-17.58%

One-way Ticket (Public Transport)

$1.71 €1.47

$1.88 €1.62

-9.04%

Public Transport Monthly Pass (Regular Price)

$37.94 €32.72

$15.99 €13.79

137.27%

Taxi Start (Normal Tariff)

$3.97 €3.42

$3.47 €2.99

14.41%

Taxi (Normal Tariff) (1km)

$1.58 €1.36

$2.36 €2.03

-33.05%

Taxi 1hour Waiting (Normal Tariff)

$30.36 €26.19

$29.44 €25.39

3.12%

Gasoline (1 liter)

$1.84 €1.58

$1.70 €1.46

8.24%

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

$37.0K €31.9K

$36.4K €31.4K

1.65%

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

$34.1K €29.4K

$30.4K €26.3K

12.08%

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

$195 €168

$118 €102

64.80%

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

$19.08 €16.45

$20.60 €17.77

-7.38%

Internet (50+ Mbps, Unlimited Data)

$36.32 €31.33

$28.87 €24.90

25.81%

Gym Membership (Monthly)

$51.2 €44.18

$43.89 €37.85

16.70%

Tennis Court (1 Hour on Weekend)

$19.35 €16.69

$16.81 €14.50

15.11%

Cinema Ticket

$11.39 €9.82

$9.53 €8.22

19.52%

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

$696 €600

$490 €423

42.00%

International Primary School, 1 Child (Yearly)

$18.0K €15.6K

$6,914 €5,963

160.77%

Jeans (Levis 501 Or Similar)

$89.1 €76.9

$91.0 €78.5

-2.04%

Summer Dress (H&M, Zara, etc)

$44.57 €38.45

$39.73 €34.27

12.18%

Sport Shoes (Adidas, Nike)

$108 €93.2

$95.1 €82.0

13.66%

Men's Leather Business Shoes

$113 €97.4

$128 €111

-12.00%

1-bedroom Apartment, City Center (Monthly)

$1,583 €1,366

$1,008 €869

57.12%

1-bedroom Apartment, Outside City Center (Monthly)

$1,225 €1,057

$815 €703

50.32%

3-bedroom Apartment, City Center (Monthly)

$2,813 €2,426

$1,651 €1,424

70.36%

3-bedroom Apartment, Outside City Center (Monthly)

$1,871 €1,613

$1,282 €1,106

45.89%

Buy Apartment in City Center (m2)

$9,303 €8,024

$3,292 €2,839

182.61%

Buy Apartment Outside City Center (m2)

$4,251 €3,667

$1,922 €1,658

121.18%

Average Monthly Net Salary (After Tax)

$2,584 €2,229

$1,781 €1,536

45.06%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.09

3.15

-1.90%

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

Last update for Madrid: August 30, 2026

Last update for Las Palmas de Gran Canaria: August 30, 2026

Cost Breakdown

A central one-bedroom costs $1,583 in Madrid versus $1,008 in Las Palmas de Gran Canaria. 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 $75.0 in Las Palmas de Gran Canaria. Groceries tell a different story – $320 in Madrid vs $309 in Las Palmas de Gran Canaria – so Las Palmas de Gran Canaria wins on supermarket bills even if dining out costs more.

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 Las Palmas de Gran Canaria: Cost of Living - Frequently Asked Questions

Yes – Madrid is pricier by about 33%, 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 $3,552 per month in Madrid and $2,669 in Las Palmas de Gran Canaria. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Las Palmas de Gran Canaria, 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 $2,368 in Madrid and $1,780 in Las Palmas de Gran Canaria. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 137% less in Las Palmas de Gran Canaria. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,500 monthly budget goes further in Las Palmas de Gran Canaria, where all-in costs run around $1,780, than in Madrid at $2,368. In Las Palmas de Gran Canaria it covers expenses comfortably, while in Madrid it requires careful planning or may not stretch far enough.

Families tend to lean toward Las Palmas de Gran Canaria – 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 Las Palmas de Gran Canaria. 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.