Last update: Oct 2026

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

For one person, living is cheaper in Santa Cruz de La Palma: $1,643 a month against $2,304 in Madrid, rent and utilities included – about $7,900 less a year. Rent and utilities account for most of the difference.

79

Cost of Living Index in Santa Cruz de La Palma
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Santa Cruz de La Palma Living Index
111

Cost of Living Index in Madrid
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Madrid Living Index

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Santa Cruz de La Palma

🇪🇸 Spain

$1,643

/mo nomad

Madrid

🇪🇸 Spain

$2,304

/mo nomad

Monthly Cost of Living

How much you'll spend in Santa Cruz de La Palma and in Madrid

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Santa Cruz de La Palma and in Madrid actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,643 in Santa Cruz de La Palma versus $2,304 in Madrid.

Santa Cruz de La Palma $1,643
Madrid $2,304

Estimated couple costs with rent: $2,423 in Santa Cruz de La Palma versus $3,389 in Madrid.

Santa Cruz de La Palma $2,423
Madrid $3,389

Monthly costs for a family of three with rent: $3,203 in Santa Cruz de La Palma versus $4,475 in Madrid.

Santa Cruz de La Palma $3,203
Madrid $4,475

Living in Santa Cruz de La Palma costs roughly 29% less than in Madrid, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Santa Cruz de La Palma 21% above, Madrid 69% above.

Meal at Budget Restaurant

$17.09 €15.35

$17.73 €15.93

-3.61%

Three-Course Dinner for Two, Mid-Range

$56.2 €50.5

$66.9 €60.1

-16.00%

Fast Food Meal (McDonalds, etc)

$11.24 €10.10

$11.30 €10.15

-0.53%

Cappuccino

$2.43 €2.18

$3.04 €2.73

-20.07%

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

$2.50 €2.25

$3.36 €3.02

-25.60%

Water (0.33 liter bottle)

$1.81 €1.62

$2.35 €2.11

-22.98%

Local Beer (0.5 liter draught)

$3.45 €3.10

$3.89 €3.50

-11.31%

Imported Beer (0.33 liter bottle)

$3.99 €3.58

$4.80 €4.31

-16.87%

Milk (1 liter)

$1.20 €1.08

$1.32 €1.18

-9.09%

White Bread (500g)

$1.43 €1.28

$1.64 €1.47

-12.80%

Rice (white) (1kg)

$1.62 €1.46

$1.72 €1.55

-5.81%

Eggs

$3.31 €2.97

$4.20 €3.78

-21.19%

Local Cheese (1kg)

$13.46 €12.09

$15.91 €14.29

-15.40%

Chicken Fillets (1kg)

$8.18 €7.35

$9.36 €8.41

-12.61%

Beef Round Steak (1kg)

$15.80 €14.20

$17.21 €15.46

-8.19%

Apples (1kg)

$2.59 €2.33

$2.56 €2.30

1.17%

Banana (1kg)

$2.09 €1.87

$2.09 €1.88

Oranges (1kg)

$2.09 €1.88

$2.55 €2.29

-18.04%

Tomato (1kg)

$2.61 €2.35

$2.58 €2.32

1.16%

Potato (1kg)

$1.80 €1.62

$2.31 €2.08

-22.08%

Onion (1kg)

$1.93 €1.73

$2.17 €1.95

-11.06%

Lettuce (1 head)

$1.33 €1.19

$1.50 €1.35

-11.33%

Water (1.5 liter bottle)

$0.69 €0.62

$1.07 €0.96

-35.51%

Cigarettes 20 Pack (Marlboro, Camel)

$6.21 €5.57

$6.57 €5.90

-5.48%

Wine (Bottle)

$5.75 €5.16

$7.87 €7.07

-26.94%

Local Beer (0.5 liter bottle)

$1.21 €1.09

Imported Beer (0.33 liter bottle)

$2.09 €1.88

$2.17 €1.95

-3.69%

One-way Ticket (Public Transport)

$1.60 €1.44

$1.67 €1.50

-4.19%

Public Transport Monthly Pass (Regular Price)

$32.40 €29.11

$37.53 €33.71

-13.67%

Taxi Start (Normal Tariff)

$4.02 €3.61

$3.76 €3.38

6.91%

Taxi (Normal Tariff) (1km)

$1.44 €1.29

$1.49 €1.34

-3.36%

Taxi 1hour Waiting (Normal Tariff)

$22.84 €20.52

$30.17 €27.10

-24.30%

Gasoline (1 liter)

$1.73 €1.55

$1.85 €1.66

-6.49%

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

$33.8K €30.4K

$33.9K €30.4K

-0.12%

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

$31.0K €27.9K

$33.3K €29.9K

-6.87%

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

$143 €128

$192 €172

-25.43%

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

$17.79 €15.98

$17.66 €15.86

0.74%

Internet (50+ Mbps, Unlimited Data)

$29.46 €26.46

$35.07 €31.51

-16.00%

Gym Membership (Monthly)

$44.18 €39.68

$47.27 €42.46

-6.54%

Tennis Court (1 Hour on Weekend)

$15.89 €14.27

$18.23 €16.37

-12.84%

Cinema Ticket

$8.99 €8.08

$11.29 €10.14

-20.37%

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

$469 €421

$687 €617

-31.79%

International Primary School, 1 Child (Yearly)

$8,421 €7,564

$18.0K €16.2K

-53.17%

Jeans (Levis 501 Or Similar)

$86.8 €78.0

$86.5 €77.7

0.29%

Summer Dress (H&M, Zara, etc)

$36.69 €32.96

$41.65 €37.41

-11.91%

Sport Shoes (Adidas, Nike)

$91.5 €82.2

$108 €97.1

-15.32%

Men's Leather Business Shoes

$114 €103

$112 €100

2.37%

1-bedroom Apartment, City Center (Monthly)

$900 €809

$1,508 €1,355

-40.30%

1-bedroom Apartment, Outside City Center (Monthly)

$684 €614

$1,210 €1,087

-43.47%

3-bedroom Apartment, City Center (Monthly)

$1,365 €1,226

$2,829 €2,541

-51.74%

3-bedroom Apartment, Outside City Center (Monthly)

$1,016 €912

$2,004 €1,800

-49.32%

Buy Apartment in City Center (m2)

$3,275 €2,942

$9,002 €8,086

-63.61%

Buy Apartment Outside City Center (m2)

$2,247 €2,019

$4,710 €4,231

-52.29%

Average Monthly Net Salary (After Tax)

$1,341 €1,204

$2,453 €2,204

-45.35%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.3

3.14

5.10%

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

Last update for Santa Cruz de La Palma: October 25, 2026

Last update for Madrid: October 24, 2026

Monthly budget structure

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

Accommodation & Living

Santa Cruz de La Palma

$684 41.6%

Madrid

$1.2K 52.5% 76.9% $526

Groceries & Markets

Santa Cruz de La Palma

$266 16.2%

Madrid

$304 13.2% 14.3% $38

Eating Out

Santa Cruz de La Palma

$242 14.7%

Madrid

$264 11.5% 9.1% $22

Monthly Utilities & Internet

Santa Cruz de La Palma

$190 11.6%

Madrid

$244 10.6% 28.5% $54

Clothing & Footwear

Santa Cruz de La Palma

$148 9%

Madrid

$157 6.8% 5.7% $8.4

Sport & Entertainment

Santa Cruz de La Palma

$62 3.8%

Madrid

$70 3% 12.4% $7.7

Getting Around

Santa Cruz de La Palma

$50 3.1%

Madrid

$55 2.4% 10.8% $5.4

Cost Breakdown

A one-bedroom apartment in the center runs $900 in Santa Cruz de La Palma and $1,508 in Madrid. Housing cost is often the main lever when comparing two cities.

Madrid pays 83% more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $56 in Santa Cruz de La Palma vs $67 in Madrid for a mid-range dinner for two. Groceries echo the gap at $266 vs $304 per month, with Santa Cruz de La Palma cheaper across the board.

Good to know

🇪🇸 Santa Cruz de La Palma

🇪🇸 Madrid

🕒 Local time

01:31 1:31 AM

02:31 2:31 AM

1 h ahead of Santa Cruz de La Palma

🌤 Weather

👥 Population

15,441

3,332,035 Capital

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.11 USD

Exchange rates and currency converter

On the map

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Between locations

Santa Cruz de La Palma Madrid 1,830 km ≈ 2 h 45 min nonstop flight

From you

Santa Cruz de La Palma
Madrid

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

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

Santa Cruz de La Palma wins on cost – living expenses run 29% 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.

On paper, salaries run 45% lower in Santa Cruz de La Palma. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $900 in Santa Cruz de La Palma versus $1,508 in Madrid. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 14% 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 $56 versus $67 in Madrid. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,643 in Santa Cruz de La Palma versus $2,304 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 cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Santa Cruz de La Palma and Madrid are both considered safe, so it’s unlikely to be the deciding factor between them.

Expats usually find Santa Cruz de La Palma gentler on the wallet – expenses run 29% less than in Madrid. Beyond cost, consider language, visa policies, and how big the international community is in each city.