Cost of Living Comparison Between Madrid and Santa Cruz de La Palma Cost of Living Comparison Between Madrid and Santa Cruz de La Palma

Monthly Cost of Living

Monthly costs for one person with rent: $2,270 in Madrid versus $1,615 in Santa Cruz de La Palma.

Estimated couple costs with rent: $3,352 in Madrid versus $2,406 in Santa Cruz de La Palma.

Monthly costs for a family of three with rent: $4,434 in Madrid versus $3,197 in Santa Cruz de La Palma.

Living in Madrid is roughly 41% more expensive than Santa Cruz de La Palma, driven mainly by Eating Out.

Both cities are pricier than the global median: Madrid 69% above, Santa Cruz de La Palma 20% above.

Meal at Budget Restaurant

$17.07 €14.71

$15.03 €12.95

13.57%

Three-Course Dinner for Two, Mid-Range

$69.5 €59.9

$58.8 €50.7

18.20%

Fast Food Meal (McDonalds, etc)

$11.92 €10.27

$10.34 €8.91

15.28%

Cappuccino

$3.09 €2.66

$2.25 €1.94

37.33%

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

$3.10 €2.67

$2.33 €2.01

33.05%

Water (0.33 liter bottle)

$2.11 €1.82

$1.73 €1.49

21.97%

Local Beer (0.5 liter draught)

$4.14 €3.57

$3.53 €3.04

17.28%

Imported Beer (0.33 liter bottle)

$4.60 €3.96

$3.37 €2.90

36.50%

Milk (1 liter)

$1.19 €1.02

$1.16 €1.00

2.59%

White Bread (500g)

$1.70 €1.46

$1.43 €1.24

18.88%

Rice (white) (1kg)

$1.70 €1.46

$1.60 €1.38

6.25%

Eggs

$3.48 €3.00

$2.91 €2.51

19.59%

Local Cheese (1kg)

$14.73 €12.69

$13.41 €11.55

9.84%

Chicken Fillets (1kg)

$9.07 €7.82

$8.50 €7.32

6.71%

Beef Round Steak (1kg)

$16.75 €14.44

$15.10 €13.01

10.93%

Apples (1kg)

$2.61 €2.25

$2.57 €2.22

1.56%

Banana (1kg)

$2.22 €1.91

$1.99 €1.71

11.56%

Oranges (1kg)

$2.51 €2.16

$1.96 €1.69

28.06%

Tomato (1kg)

$2.75 €2.37

$2.57 €2.21

7.00%

Potato (1kg)

$2.14 €1.84

$1.76 €1.52

21.59%

Onion (1kg)

$2.13 €1.84

$1.98 €1.71

7.58%

Lettuce (1 head)

$1.39 €1.19

Water (1.5 liter bottle)

$0.97 €0.84

$0.75 €0.65

29.33%

Cigarettes 20 Pack (Marlboro, Camel)

$6.79 €5.85

$6.43 €5.54

5.60%

Wine (Bottle)

$8.02 €6.91

$5.53 €4.76

45.03%

Local Beer (0.5 liter bottle)

$1.44 €1.24

$1.24 €1.07

16.13%

Imported Beer (0.33 liter bottle)

$2.25 €1.94

$2.04 €1.76

10.29%

One-way Ticket (Public Transport)

$1.76 €1.52

$1.73 €1.49

1.73%

Public Transport Monthly Pass (Regular Price)

$49.48 €42.63

$34.55 €29.77

43.21%

Taxi Start (Normal Tariff)

$4.11 €3.55

$4.14 €3.57

-0.72%

Taxi (Normal Tariff) (1km)

$1.39 €1.20

$1.26 €1.09

10.32%

Taxi 1hour Waiting (Normal Tariff)

$29.01 €25.00

$24.97 €21.51

16.18%

Gasoline (1 liter)

$1.87 €1.61

$1.79 €1.54

4.47%

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

$37.6K €32.4K

$38.4K €33.1K

-2.00%

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

$34.1K €29.3K

$29.7K €25.6K

14.49%

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

$195 €168

$137 €118

42.21%

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

$21.25 €18.31

$21.07 €18.15

0.85%

Internet (50+ Mbps, Unlimited Data)

$35.75 €30.80

$31.41 €27.06

13.82%

Gym Membership (Monthly)

$52.8 €45.47

$47.16 €40.63

11.92%

Tennis Court (1 Hour on Weekend)

$17.91 €15.44

$14.92 €12.86

20.04%

Cinema Ticket

$11.72 €10.09

$9.32 €8.03

25.75%

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

$680 €586

$405 €349

67.81%

International Primary School, 1 Child (Yearly)

$12.3K €10.6K

$7,594 €6,543

61.49%

Jeans (Levis 501 Or Similar)

$95.8 €82.6

$84.7 €73.0

13.19%

Summer Dress (H&M, Zara, etc)

$42.50 €36.62

$36.86 €31.76

15.30%

Sport Shoes (Adidas, Nike)

$106 €91.4

$89.4 €77.0

18.71%

Men's Leather Business Shoes

$137 €118

$109 €93.7

25.64%

1-bedroom Apartment, City Center (Monthly)

$1,609 €1,386

$859 €740

87.32%

1-bedroom Apartment, Outside City Center (Monthly)

$1,138 €980

$691 €595

64.62%

3-bedroom Apartment, City Center (Monthly)

$2,792 €2,405

$1,303 €1,123

114.16%

3-bedroom Apartment, Outside City Center (Monthly)

$1,915 €1,650

$1,010 €870

89.64%

Buy Apartment in City Center (m2)

$8,893 €7,662

$3,485 €3,003

155.18%

Buy Apartment Outside City Center (m2)

$4,347 €3,745

$2,246 €1,935

93.53%

Average Monthly Net Salary (After Tax)

$2,584 €2,226

$1,404 €1,210

84.06%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.43

3.5

-2.00%

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

Last update for Madrid: June 6, 2026

Last update for Santa Cruz de La Palma: June 7, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,609 in Madrid and $859 in Santa Cruz de La Palma. Housing cost is often the main lever when comparing two cities.

Madrid pays 84% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $69.0 in Madrid vs $59.0 in Santa Cruz de La Palma for a mid-range dinner for two. Groceries echo the gap at $295 vs $263 per month, with Santa Cruz de La Palma cheaper across the board.

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 Santa Cruz de La Palma: Cost of Living - Frequently Asked Questions

Santa Cruz de La Palma wins on cost – living expenses run 41% lower than in Madrid. Housing and daily spending are where you'll feel the difference most, making Santa Cruz de La Palma the obvious pick if budget is a priority.

Madrid pays 84% more on average, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,609 in Madrid versus $859 in Santa Cruz de La Palma. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 12% higher in Madrid. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Santa Cruz de La Palma – a meal for two runs $59.0 versus $69.0 in Madrid. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,615 in Santa Cruz de La Palma versus $2,270 in Madrid, a $2,000 budget is realistic in Santa Cruz de La Palma but tight or insufficient in Madrid. The gap between the two cities makes Santa Cruz de La Palma the clear choice for anyone on this budget.

Both work as nomad bases, but Santa Cruz de La Palma delivers better value – similar infrastructure at $1,615 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Santa Cruz de La Palma hard to pass up.

Safety-wise, Madrid and Santa Cruz de La Palma are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Santa Cruz de La Palma gentler on the wallet – expenses run 41% less than in Madrid. Beyond cost, consider language, visa policies, and how big the international community is in each city.