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Las Palmas vs Madrid cost of living 2026
Which is cheaper, what exactly is cheaper, and how it feels on your money · Updated September 2026
🇪🇸 Las Palmas
🇪🇸 MadridLas Palmas is 12% cheaper than Madrid
Living on $4,406 a month in Las Palmas feels like about $4,794 in Madrid — same standard of living, compared by feel rather than exchange rate.
Per day
$220 vs $252
Per month
$4,406 vs $4,794
Local meal
€ 12 vs € 12
$14 vs $14
Taxi 5 km
€ 10 vs € 10
$11.6 vs $11.6
At a glance
Foodsimilar
Cafés & drinksLas Palmas 15% cheaper
Transportsimilar
StayLas Palmas 23% cheaper
Funsimilar
- Where Las Palmas is clearly cheaper: Studio rent (month) (25%↓), Convenience store (21%↓), Hotel night (21%↓)
Item by item
| Item | Las Palmas | Madrid | Cheaper |
|---|---|---|---|
| Local mealper person | € 12$14 | € 12$14 | similar |
| Street food1 item | € 5.4$6.28 | € 5.4$6.28 | similar |
| Restaurant dinnerper person | € 25$29.1 | € 26$30.2 | similar |
| Coffeeone cup | € 1.8$2.09 | € 2$2.33 | Las Palmas −10% |
| Beerone bottle | € 2.5$2.91 | € 3$3.49 | Las Palmas −17% |
| Cocktail & wineone cup | € 6.5$7.56 | € 7.8$9.07 | Las Palmas −17% |
| Bottled water | € 1.2$1.4 | € 1.5$1.74 | Las Palmas −20% |
| Convenience store1 snack or drink | € 3$3.49 | € 3.8$4.42 | Las Palmas −21% |
| Taxi5 km in town | € 10$11.6 | € 10$11.6 | similar |
| Tuk-tuk / moto taxishort hop | € 7$8.14 | € 7$8.14 | similar |
| Transitone ride | € 1.4$1.63 | € 1.5$1.74 | Las Palmas −7% |
| Scooter rentalper day | € 28$32.6 | € 30$34.9 | Las Palmas −7% |
| Hotel night3-star | € 95$110 | € 120$140 | Las Palmas −21% |
| Studio rent (month) | € 900$1,047 | € 1,200$1,395 | Las Palmas −25% |
| Laundry | € 3$3.49 | € 3$3.49 | similar |
| SIM card1 week data | € 13$15.1 | € 13$15.1 | similar |
| Haircutcut | € 16$18.6 | € 16$18.6 | similar |
| Massage1 hour | € 45$52.3 | € 47$54.7 | similar |
| Half-day tourper person | € 45$52.3 | € 43$50 | similar |
| Entry ticketTourist town | € 12$14 | € 13$15.1 | Las Palmas −8% |
Reference prices start as estimates from published price levels; items with 3+ traveler reports use the median of real reports. Hostels and local eateries cut both by 30%+.
FAQ
Which is cheaper, Las Palmas or Madrid?
Las Palmas is 12% cheaper than Madrid. Daily budget $220 vs $252; a month $4,406 vs $4,794.
How do monthly costs compare between Las Palmas and Madrid?
With a short-term studio and living costs, Las Palmas is about $4,406 and Madrid about $4,794 per month.
Where do the numbers come from?
They start as estimates informed by published price levels; any item with 3+ traveler reports switches to the median of real reports. Live reports are in the app.