Cost of Living Comparison Between Madrid and Canary Islands 
| Indices Difference |  |
|---|---|
| Consumer Prices in Canary Islands are 20.5% lower than in Madrid (without rent) | |
| Not enough data to calculate difference in Consumer Prices Including Rent | |
| Not enough data to calculate difference in Rent Prices | |
| Restaurant Prices in Canary Islands are 23.1% lower than in Madrid | |
| Groceries Prices in Canary Islands are 18.5% lower than in Madrid | |
| Not enough data to calculate difference in Local Purchasing Power | |
Restaurants | Madrid Edit |
Canary Islands Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 14.00 € | 12.00 € | -14.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 60.00 € | 42.50 € | -29.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 9.53 € | 8.50 € | -10.8 % |
| Domestic Beer (1 pint draught) | 3.50 € | 2.00 € | -42.9 % |
| Imported Beer (12 oz small bottle) | 3.50 € | 2.50 € | -28.6 % |
| Cappuccino (regular) | 2.39 € | 1.50 € | -37.1 % |
| Coke/Pepsi (12 oz small bottle) | 2.44 € | 1.47 € | -39.6 % |
| Water (12 oz small bottle) | 1.59 € | 0.83 € | -47.5 % |
Markets | Madrid Edit |
Canary Islands Edit | |
| Milk (regular), (1 gallon) | 4.02 € | 3.39 € | -15.7 % |
| Loaf of Fresh White Bread (1 lb) | 1.38 € | 1.24 € | -10.0 % |
| Rice (white), (1 lb) | 0.66 € | 0.46 € | -30.2 % |
| Eggs (regular) (12) | 2.77 € | 2.32 € | -16.5 % |
| Local Cheese (1 lb) | 6.06 € | 7.48 € | +23.5 % |
| Chicken Fillets (1 lb) | 3.46 € | 2.80 € | -19.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 6.33 € | 3.40 € | -46.2 % |
| Apples (1 lb) | 1.02 € | 0.72 € | -29.6 % |
| Banana (1 lb) | 0.82 € | 0.64 € | -21.7 % |
| Oranges (1 lb) | 0.80 € | 0.56 € | -30.2 % |
| Tomato (1 lb) | 1.04 € | 1.04 € | +0.6 % |
| Potato (1 lb) | 0.64 € | 0.45 € | -29.4 % |
| Onion (1 lb) | 0.69 € | 0.64 € | -7.6 % |
| Lettuce (1 head) | 1.20 € | 1.04 € | -13.3 % |
| Water (1.5 liter bottle) | 0.87 € | 0.60 € | -31.4 % |
| Bottle of Wine (Mid-Range) | 6.00 € | 5.50 € | -8.4 % |
| Domestic Beer (0.5 liter bottle) | 1.22 € | 1.21 € | -0.3 % |
| Imported Beer (12 oz small bottle) | 1.76 € | 1.90 € | +8.2 % |
| Cigarettes 20 Pack (Marlboro) | 5.65 € | 4.00 € | -29.2 % |
Transportation | Madrid Edit |
Canary Islands Edit | |
| One-way Ticket (Local Transport) | 1.50 € | 0.00 € | -100.0 % |
| Monthly Pass (Regular Price) | 40.00 € | 0.00 € | -100.0 % |
| Taxi Start (Normal Tariff) | 3.00 € | 3.30 € | +10.0 % |
| Taxi 1 mile (Normal Tariff) | 1.93 € | 2.49 € | +29.2 % |
| Taxi 1hour Waiting (Normal Tariff) | 22.00 € | 25.00 € | +13.6 % |
| Gasoline (1 gallon) | 6.23 € | 5.71 € | -8.3 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 33,365.00 € | 22,000.00 € | -34.1 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 27,619.74 € | 20,666.67 € | -25.2 % |
Utilities (Monthly) | Madrid Edit |
Canary Islands Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 142.24 € | 71.15 € | -50.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 13.88 € | 20.00 € | +44.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 29.76 € | 30.71 € | +3.2 % |
Sports And Leisure | Madrid Edit |
Canary Islands Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 43.57 € | 43.33 € | -0.5 % |
| Tennis Court Rent (1 Hour on Weekend) | 9.91 € | 21.67 € | +118.5 % |
| Cinema, International Release, 1 Seat | 10.00 € | 7.50 € | -25.0 % |
Childcare | Madrid Edit |
Canary Islands Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 491.92 € | 300.00 € | -39.0 % |
| International Primary School, Yearly for 1 Child | 8,661.90 € | 7,233.33 € | -16.5 % |
Clothing And Shoes | Madrid Edit |
Canary Islands Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 68.75 € | 60.00 € | -12.7 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 28.30 € | 22.50 € | -20.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 76.31 € | 55.67 € | -27.0 % |
| 1 Pair of Men Leather Business Shoes | 84.43 € | 50.00 € | -40.8 % |
Rent Per Month | Madrid Edit |
Canary Islands Edit | |
| Apartment (1 bedroom) in City Centre | 1,258.75 € | 1,000.00 € | -20.6 % |
| Apartment (1 bedroom) Outside of Centre | 905.83 € | 600.00 € | -33.8 % |
| Apartment (3 bedrooms) in City Centre | 2,154.81 € | ? | |
| Apartment (3 bedrooms) Outside of Centre | 1,554.35 € | 640.85 € | -58.8 % |
Buy Apartment Price | Madrid Edit |
Canary Islands Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 421.98 € | ? | |
| Price per Square Feet to Buy Apartment Outside of Centre | 238.41 € | 185.80 € | -22.1 % |
Salaries And Financing | Madrid Edit |
Canary Islands Edit | |
| Average Monthly Net Salary (After Tax) | 2,399.51 € | 1,685.33 € | -29.8 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 2.53 | 3.33 | +31.9 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 530 | 10 |
Moving to Madrid? Explore:
Cities near Madrid: | Cost of Living in Pozuelo de Alarcon | 8.64 miles |
| Cost of Living in Getafe | 9.04 miles |
| Cost of Living in Coslada | 9.17 miles |
| Cost of Living in La Moraleja | 11.07 miles |
| Cost of Living in Rivas-Vaciamadrid | 12.79 miles |
| Cost of Living in Fuenlabrada | 15.28 miles |
| Cost of Living in Mostoles | 15.34 miles |
| Cost of Living in Alcala de Henares | 20.54 miles |
| Cost of Living in Soto del Real | 26.90 miles |
| Cost of Living in Aranjuez | 30.41 miles |
Cities near Canary Islands: | Cost of Living in El Medano | 34.23 miles |
| Cost of Living in Santa Cruz de Tenerife | 39.76 miles |
| Cost of Living in Santa Cruz de La Palma | 112.47 miles |
| Cost of Living in Santa Lucia de Tirajana | 141.61 miles |
| Cost of Living in Puerto Rico | 152.70 miles |