Cost of living comparison
compared to
Canary Islands vs. Madrid Cost of Living Summary
Canary Islands is 22.4% cheaper than Madrid.
- Restaurants
-
pay 12.2% less in Canary Islands
- Groceries
-
pay 0.7% less in Canary Islands
- Transportation
-
pay 15.1% less in Canary Islands
- Housing
-
pay 33.4% less in Canary Islands
- Childcare
-
pay 58.7% less in Canary Islands
- Entertainment and Sports
-
pay 21.1% less in Canary Islands
- Clothing
-
pay 12.5% less in Canary Islands
Canary Islands vs. Madrid Cost Breakdown
If you lived in Canary Islands instead of Madrid, you would:
pay 12.2% less for restaurants
|
Madrid
|
Canary Islands
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.92
€15.95
|
$20.16
€17.94
|
|
|
Fast food combo meal
McDonalds, or similar
|
$11.20
€9.97
|
$9.52
€8.47
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.30
€2.94
|
$1.92
€1.71
|
|
| Bottle of water (11 fl. oz) |
$2.30
€2.05
|
$1.12
€1.00
|
|
Madrid vs. Canary Islands - Cost of restaurants
pay 0.7% less for groceries
|
Madrid
|
Canary Islands
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.57
€1.39
|
$2.43
€2.16
|
|
| Local cheese (8 oz) |
$8.35
€7.43
|
$9.80
€8.72
|
|
| Milk (1 gallon) |
$5.25
€4.67
|
$5.12
€4.56
|
|
|
Eggs
1 dozen
|
$4.15
€3.69
|
$2.24
€1.99
|
|
| Boneless chicken breast (1 lb) |
$4.23
€3.76
|
$4.57
€4.07
|
|
| Apples (1 lb) |
$1.17
€1.04
|
$1.23
€1.10
|
|
| Bananas (1 lb) |
$0.96
€0.85
|
$1.06
€0.94
|
|
| Oranges (1 lb) |
$1.15
€1.02
|
$1.00
€0.89
|
|
| Tomatoes (1 lb) |
$1.16
€1.03
|
$1.16
€1.03
|
|
| Potatoes (1 lb) |
$1.00
€0.89
|
$0.95
€0.85
|
|
| Onions (1 lb) |
$0.97
€0.86
|
$0.90
€0.80
|
|
Madrid vs. Canary Islands - Cost of groceries
pay 15.1% less for transportation
|
Madrid
|
Canary Islands
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.88
€6.12
|
$6.38
€5.68
|
|
| Monthly public transit pass |
$36.95
€32.89
|
?? | |
| New Volkswagen Golf 1.4 (standard edition) |
$35,271.67
€31,393.06
|
$24,634.18
€21,925.31
|
|
| Taxi trip in downtown area (5 miles) |
$15.84
€14.10
|
$17.64
€15.70
|
|
Madrid vs. Canary Islands - Cost of transportation
pay 33.4% less for housing
|
Madrid
|
Canary Islands
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$34.86
€31.03
|
$35.19
€31.32
|
|
| 1-Bedroom apartment in downtown area |
$1,491.38
€1,327.38
|
$1,119.74
€996.60
|
|
| 1-Bedroom apartment outside city center |
$1,193.86
€1,062.58
|
$671.84
€597.96
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$144.11
€128.26
|
$94.90
€84.47
|
|
Madrid vs. Canary Islands - Cost of housing
pay 58.7% less for childcare
|
Madrid
|
Canary Islands
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$668.48
€594.97
|
$404.97
€360.44
|
|
| Middle school for 1 child, two semesters |
$17,859.91
€15,895.97
|
$5,038.81
€4,484.72
|
|
Madrid vs. Canary Islands - Cost of childcare
pay 21.1% less for entertainment and sports
|
Madrid
|
Canary Islands
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$3.92
€3.49
|
$2.80
€2.49
|
|
| Cappuccino in mid-range area |
$3.07
€2.74
|
$2.02
€1.79
|
|
|
Pack of cigarettes
Marlboro or similar
|
$6.72
€5.98
|
$4.62
€4.12
|
|
| Monthly membership at local gym |
$50.67
€45.10
|
$47.59
€42.36
|
|
| Movie ticket to theater/cinema |
$11.20
€9.97
|
$9.84
€8.76
|
|
Madrid vs. Canary Islands - Cost of entertainment and sports
pay 12.5% less for clothing
|
Madrid
|
Canary Islands
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$86.50
€76.99
|
$67.18
€59.80
|
|
|
Regular dress
from H&M or similar store
|
$42.98
€38.25
|
$39.19
€34.88
|
|
|
Running shoes
Nike or Adidas
|
$108.99
€97.00
|
$90.98
€80.97
|
|
| Men's business shoes (leather) |
$112.77
€100.37
|
$111.97
€99.66
|
|
Madrid vs. Canary Islands - Cost of clothing
We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this
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