Last update: Oct 2026

Cost of Living Comparison Between Valencia and Lanzarote

Name: Lanzarote
Address: Lanzarote, ES

For one person, living is cheaper in Lanzarote: $1,605 a month against $2,092 in Valencia, rent and utilities included – about $5,800 less a year. Rent and utilities account for most of the difference.

100

Cost of Living Index in Valencia
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Valencia Living Index
78

Cost of Living Index in Lanzarote
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Lanzarote Living Index

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Valencia

🇪🇸 Spain

$2,092

/mo nomad

Lanzarote

🇪🇸 Spain

$1,605

/mo nomad

Monthly Cost of Living

How much you'll spend in Valencia and in Lanzarote

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

A single person spends $2,092 per month in Valencia vs $1,605 in Lanzarote, rent included.

Valencia $2,092
Lanzarote $1,605

A couple spends around $3,017 per month in Valencia vs $2,427 in Lanzarote, rent included.

Valencia $3,017
Lanzarote $2,427

A family of three spends $3,942 per month in Valencia vs $3,250 in Lanzarote, rent included.

Valencia $3,942
Lanzarote $3,250

Valencia costs about 30% more than Lanzarote, and outside of rent the biggest gap is in eating out.

Both Valencia and Lanzarote sit above the global median – Valencia by 54%, Lanzarote by 18%.

Meal at Budget Restaurant

$18.72 €16.77

$13.68 €12.25

36.84%

Three-Course Dinner for Two, Mid-Range

$66.0 €59.1

$72.4 €64.8

-8.88%

Fast Food Meal (McDonalds, etc)

$12.11 €10.84

$10.58 €9.48

14.46%

Cappuccino

$2.72 €2.43

$2.47 €2.22

10.12%

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

$2.49 €2.23

$2.13 €1.91

16.90%

Water (0.33 liter bottle)

$2.09 €1.87

$1.62 €1.45

29.01%

Local Beer (0.5 liter draught)

$3.32 €2.97

$3.10 €2.78

7.10%

Imported Beer (0.33 liter bottle)

$4.58 €4.10

$3.69 €3.31

24.12%

Milk (1 liter)

$1.20 €1.08

$1.09 €0.97

10.09%

White Bread (500g)

$1.35 €1.21

$1.45 €1.30

-6.90%

Rice (white) (1kg)

$1.78 €1.59

$1.58 €1.41

12.66%

Eggs

$3.40 €3.04

$3.53 €3.16

-3.68%

Local Cheese (1kg)

$10.72 €9.60

$12.19 €10.92

-12.06%

Chicken Fillets (1kg)

$7.76 €6.95

$9.92 €8.88

-21.77%

Beef Round Steak (1kg)

$15.88 €14.22

$18.20 €16.30

-12.75%

Apples (1kg)

$2.46 €2.20

$2.56 €2.30

-3.91%

Banana (1kg)

$1.89 €1.69

$2.57 €2.30

-26.46%

Oranges (1kg)

$1.83 €1.64

$2.22 €1.99

-17.57%

Tomato (1kg)

$2.66 €2.38

$2.53 €2.27

5.14%

Potato (1kg)

$1.69 €1.52

$1.78 €1.60

-5.06%

Onion (1kg)

$1.86 €1.67

$2.39 €2.14

-22.18%

Lettuce (1 head)

$1.15 €1.03

$2.02 €1.81

-43.07%

Water (1.5 liter bottle)

$0.80 €0.71

$0.86 €0.77

-6.98%

Cigarettes 20 Pack (Marlboro, Camel)

$6.69 €5.99

$4.54 €4.07

47.36%

Wine (Bottle)

$5.64 €5.05

$6.75 €6.05

-16.44%

Local Beer (0.5 liter bottle)

$1.34 €1.20

$1.74 €1.56

-22.99%

Imported Beer (0.33 liter bottle)

$1.64 €1.47

$2.71 €2.42

-39.48%

One-way Ticket (Public Transport)

$2.18 €1.95

$1.66 €1.49

31.33%

Public Transport Monthly Pass (Regular Price)

$38.70 €34.66

$33.06 €29.61

17.06%

Taxi Start (Normal Tariff)

$4.48 €4.02

$3.34 €2.99

34.13%

Taxi (Normal Tariff) (1km)

$1.28 €1.15

$2.18 €1.95

-41.28%

Taxi 1hour Waiting (Normal Tariff)

$23.48 €21.03

$27.60 €24.72

-14.93%

Gasoline (1 liter)

$1.80 €1.61

$1.76 €1.58

2.27%

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

$33.8K €30.3K

$29.9K €26.8K

12.98%

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

$31.3K €28.1K

$31.6K €28.3K

-0.91%

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

$155 €139

$114 €102

35.60%

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

$15.96 €14.30

$19.99 €17.91

-20.16%

Internet (50+ Mbps, Unlimited Data)

$33.43 €29.94

$28.15 €25.21

18.76%

Gym Membership (Monthly)

$40.25 €36.05

$44.61 €39.95

-9.77%

Tennis Court (1 Hour on Weekend)

$8.70 €7.79

$16.00 €14.33

-45.63%

Cinema Ticket

$10.80 €9.67

$9.03 €8.09

19.60%

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

$573 €513

$478 €428

19.85%

International Primary School, 1 Child (Yearly)

$9,639 €8,633

$6,573 €5,887

46.64%

Jeans (Levis 501 Or Similar)

$93.3 €83.5

$88.2 €79.0

5.74%

Summer Dress (H&M, Zara, etc)

$42.41 €37.98

$38.58 €34.55

9.93%

Sport Shoes (Adidas, Nike)

$95.8 €85.8

$91.1 €81.6

5.16%

Men's Leather Business Shoes

$116 €104

$120 €108

-3.79%

1-bedroom Apartment, City Center (Monthly)

$1,468 €1,315

$879 €787

67.05%

1-bedroom Apartment, Outside City Center (Monthly)

$1,095 €981

$672 €602

62.87%

3-bedroom Apartment, City Center (Monthly)

$2,331 €2,088

$1,371 €1,228

69.99%

3-bedroom Apartment, Outside City Center (Monthly)

$1,653 €1,481

$1,001 €896

65.23%

Buy Apartment in City Center (m2)

$5,549 €4,969

$3,289 €2,945

68.71%

Buy Apartment Outside City Center (m2)

$3,319 €2,972

$2,171 €1,944

52.87%

Average Monthly Net Salary (After Tax)

$1,854 €1,660

$1,683 €1,507

10.17%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.41

3.15

8.25%

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

Last update for Valencia: October 27, 2026

Last update for Lanzarote: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Valencia

$1.1K 52.4%

Lanzarote

$672 41.9% 38.6% $423

Eating Out

Valencia

$263 12.6%

Lanzarote

$209 13% 20.5% $54

Groceries & Markets

Valencia

$253 12.1%

Lanzarote

$293 18.2% 15.5% $39

Monthly Utilities & Internet

Valencia

$204 9.8%

Lanzarote

$162 10.1% 20.5% $42

Clothing & Footwear

Valencia

$156 7.5%

Lanzarote

$152 9.5% 2.6% $4.1

Sport & Entertainment

Valencia

$62 3%

Lanzarote

$63 3.9% 1.3% $0.8

Getting Around

Valencia

$58 2.8%

Lanzarote

$54 3.4% 7.5% $4.4

Cost Breakdown

A central one-bedroom costs $1,468 in Valencia versus $879 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 10% higher in Valencia, 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 $66 in Valencia versus $72 in Lanzarote. Monthly groceries follow the same trend: $253 vs $293 – making Valencia the more affordable choice for daily food spending.

Good to know

🇪🇸 Valencia

🇪🇸 Lanzarote

🕒 Local time

09:45 9:45 AM

08:45 8:45 AM

1 h behind Valencia

🌤 Weather

👥 Population

807,693

5,228

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Between locations

Valencia Lanzarote 1,680 km ≈ 2 h 30 min nonstop flight

From you

Valencia
Lanzarote

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

Valencia vs Lanzarote: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,092 in Valencia, $1,605 in Lanzarote – Lanzarote comes out roughly 23% cheaper. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,138 per month in Valencia and $2,407 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: a one-bedroom in the center costs $879 there versus $1,468 in Valencia.

Monthly expenses with rent come to $2,092 in Valencia and $1,605 in Lanzarote. That makes Lanzarote about 23% cheaper.

Public transport costs about 15% less in Lanzarote. For daily commuters, that gap adds up to noticeable savings over a year.

$3,000 covers both cities comfortably – all-in costs are $2,092 in Valencia and $1,605 in Lanzarote, leaving budget for savings and extras in both cases.

Families tend to lean toward Lanzarote – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both cities have a reputation for safety. In either place, the choice of neighborhood matters more than the choice between the two cities.

If budget matters most, go with Lanzarote. If higher salaries or specific career opportunities are the priority, Valencia makes more sense. Both are solid long-term options with distinct trade-offs.