Last update: Oct 2026

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

For one person, living is cheaper in Las Palmas de Gran Canaria: $1,705 a month against $2,265 in Madrid, rent and utilities included – about $6,700 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
82

Cost of Living Index in Las Palmas de Gran Canaria
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Las Palmas de Gran Canaria Living Index

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Madrid

🇪🇸 Spain

$2,265

/mo nomad

Las Palmas de Gran Canaria

🇪🇸 Spain

$1,705

/mo nomad

Monthly Cost of Living

How much you'll spend in Madrid and in Las Palmas de Gran Canaria

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 Las Palmas de Gran Canaria actually costs, broken down by who's living it.

A single person spends $2,265 per month in Madrid vs $1,705 in Las Palmas de Gran Canaria, rent included.

Madrid $2,265
Las Palmas de Gran Canaria $1,705

A couple spends around $3,296 per month in Madrid vs $2,562 in Las Palmas de Gran Canaria, rent included.

Madrid $3,296
Las Palmas de Gran Canaria $2,562

A family of three spends $4,328 per month in Madrid vs $3,420 in Las Palmas de Gran Canaria, rent included.

Madrid $4,328
Las Palmas de Gran Canaria $3,420

Madrid costs about 33% more than Las Palmas de Gran Canaria, and outside of rent the biggest gap is in eating out.

Both Madrid and Las Palmas de Gran Canaria sit above the global median – Madrid by 68%, Las Palmas de Gran Canaria by 26%.

Meal at Budget Restaurant

$18.20 €16.19

$13.36 €11.88

36.23%

Three-Course Dinner for Two, Mid-Range

$68.1 €60.5

$71.7 €63.8

-5.13%

Fast Food Meal (McDonalds, etc)

$11.24 €9.99

$10.81 €9.61

3.98%

Cappuccino

$3.15 €2.80

$2.55 €2.27

23.53%

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

$3.36 €2.99

$2.15 €1.92

56.28%

Water (0.33 liter bottle)

$2.36 €2.10

$1.68 €1.49

40.48%

Local Beer (0.5 liter draught)

$3.83 €3.40

$3.01 €2.68

27.24%

Imported Beer (0.33 liter bottle)

$4.92 €4.38

$3.71 €3.30

32.61%

Milk (1 liter)

$1.32 €1.17

$1.09 €0.97

21.10%

White Bread (500g)

$1.61 €1.43

$1.69 €1.50

-4.73%

Rice (white) (1kg)

$1.65 €1.47

$1.59 €1.42

3.77%

Eggs

$4.07 €3.62

$3.52 €3.13

15.63%

Local Cheese (1kg)

$15.82 €14.07

$11.96 €10.64

32.27%

Chicken Fillets (1kg)

$9.49 €8.44

$9.72 €8.65

-2.37%

Beef Round Steak (1kg)

$17.52 €15.59

$18.11 €16.11

-3.26%

Apples (1kg)

$2.56 €2.27

$2.50 €2.23

2.40%

Banana (1kg)

$2.09 €1.86

$2.52 €2.24

-17.06%

Oranges (1kg)

$2.47 €2.19

$2.24 €1.99

10.27%

Tomato (1kg)

$2.49 €2.22

$2.51 €2.23

-0.80%

Potato (1kg)

$2.26 €2.01

$2.28 €2.03

-0.88%

Onion (1kg)

$2.15 €1.91

$2.37 €2.11

-9.28%

Lettuce (1 head)

$1.57 €1.40

$2.01 €1.78

-21.89%

Water (1.5 liter bottle)

$1.07 €0.95

$0.88 €0.78

21.59%

Cigarettes 20 Pack (Marlboro, Camel)

$6.55 €5.82

$4.42 €3.93

48.19%

Wine (Bottle)

$7.65 €6.81

$6.59 €5.86

16.08%

Local Beer (0.5 liter bottle)

$1.17 €1.04

$1.81 €1.61

-35.36%

Imported Beer (0.33 liter bottle)

$2.22 €1.97

$2.70 €2.40

-17.78%

One-way Ticket (Public Transport)

$1.63 €1.45

$1.77 €1.58

-7.91%

Public Transport Monthly Pass (Regular Price)

$36.42 €32.39

$15.71 €13.98

131.83%

Taxi Start (Normal Tariff)

$3.73 €3.32

$3.37 €3.00

10.68%

Taxi (Normal Tariff) (1km)

$1.54 €1.37

$2.17 €1.93

-29.03%

Taxi 1hour Waiting (Normal Tariff)

$29.17 €25.95

$28.30 €25.17

3.07%

Gasoline (1 liter)

$1.78 €1.58

$1.67 €1.49

6.59%

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

$35.5K €31.6K

$35.0K €31.1K

1.52%

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

$33.2K €29.6K

$28.6K €25.4K

16.21%

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

$189 €168

$113 €101

67.09%

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

$17.48 €15.55

$19.50 €17.35

-10.36%

Internet (50+ Mbps, Unlimited Data)

$34.32 €30.53

$28.20 €25.08

21.70%

Gym Membership (Monthly)

$48.62 €43.25

$42.82 €38.09

13.55%

Tennis Court (1 Hour on Weekend)

$18.44 €16.40

$16.56 €14.73

11.35%

Cinema Ticket

$11.04 €9.82

$8.89 €7.90

24.18%

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

$693 €617

$478 €425

44.98%

International Primary School, 1 Child (Yearly)

$17.8K €15.8K

$6,487 €5,770

173.71%

Jeans (Levis 501 Or Similar)

$84.6 €75.3

$88.6 €78.8

-4.50%

Summer Dress (H&M, Zara, etc)

$42.50 €37.80

$37.72 €33.55

12.67%

Sport Shoes (Adidas, Nike)

$110 €98.1

$89.5 €79.6

23.27%

Men's Leather Business Shoes

$112 €99.9

$120 €107

-6.78%

1-bedroom Apartment, City Center (Monthly)

$1,506 €1,339

$964 €858

56.19%

1-bedroom Apartment, Outside City Center (Monthly)

$1,170 €1,041

$794 €706

47.39%

3-bedroom Apartment, City Center (Monthly)

$2,756 €2,451

$1,584 €1,409

73.97%

3-bedroom Apartment, Outside City Center (Monthly)

$1,845 €1,641

$1,216 €1,082

51.63%

Buy Apartment in City Center (m2)

$9,168 €8,155

$3,099 €2,756

195.89%

Buy Apartment Outside City Center (m2)

$4,234 €3,766

$1,852 €1,647

128.60%

Average Monthly Net Salary (After Tax)

$2,483 €2,209

$1,688 €1,501

47.11%

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 Las Palmas de Gran Canaria: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Madrid

$1.2K 51.7%

Las Palmas de Gran Canaria

$794 46.6% 32.2% $376

Groceries & Markets

Madrid

$303 13.4%

Las Palmas de Gran Canaria

$294 17.2% 3% $9.2

Eating Out

Madrid

$269 11.9%

Las Palmas de Gran Canaria

$208 12.2% 22.8% $61

Monthly Utilities & Internet

Madrid

$241 10.6%

Las Palmas de Gran Canaria

$161 9.4% 33.2% $80

Clothing & Footwear

Madrid

$157 7%

Las Palmas de Gran Canaria

$151 8.9% 3.9% $6.1

Sport & Entertainment

Madrid

$71 3.1%

Las Palmas de Gran Canaria

$61 3.6% 14.3% $10

Getting Around

Madrid

$54 2.4%

Las Palmas de Gran Canaria

$37 2.2% 32% $17

Cost Breakdown

A central one-bedroom costs $1,506 in Madrid versus $964 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 47% 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 $72.0 in Las Palmas de Gran Canaria. Groceries tell a different story – $303 in Madrid vs $294 in Las Palmas de Gran Canaria – so Las Palmas de Gran Canaria wins on supermarket bills even if dining out costs more.

Good to know

🇪🇸 Madrid

🇪🇸 Las Palmas de Gran Canaria

🕒 Local time

20:32 8:32 PM

19:32 7:32 PM

1 h behind Madrid

🌤 Weather

👥 Population

3,332,035 Capital

378,027

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

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Between locations

Madrid Las Palmas de Gran Canaria 1,740 km ≈ 2 h 45 min nonstop flight

From you

Madrid
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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 outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,398 per month in Madrid and $2,557 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 $2,265 in Madrid and $1,705 in Las Palmas de Gran Canaria. That's a gap of about 33%.

Public transport costs about 132% 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 $1,705, than in Madrid at $2,265. 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.