Is Madrid more expensive than Las Palmas de Gran Canaria?

Madrid is 16.2% more expensive than Las Palmas de Gran Canaria overall. Rent is 63.3% higher, groceries 5.9% more expensive, and restaurants 14.4% more expensive.

Which city has better purchasing power, Las Palmas de Gran Canaria or Madrid?

Las Palmas de Gran Canaria has a purchasing power index of 84.0 while Madrid has 94.2 (NYC = 100). Madrid offers better purchasing power.

Cost of Living Comparison · 2026

🇪🇸 Las Palmas de Gran Canaria vs 🇪🇸 Madrid

2026

Madrid is 16.2% more expensive

Category	🇪🇸 Las Palmas de Gran Canaria	🇪🇸 Madrid	Difference
Cost of Living	51.7	60.1	+16.2%
Rent	22.1	36.1	+63.3%
Groceries	55.6	58.9	+5.9%
Restaurants	54.9	62.8	+14.4%
Purchasing Power	84.0	94.2	+12.1%

Data verified Q1 2026 · Source: Numbeo cost-of-living indices (NYC = 100 baseline) · Indices reflect relative costs; absolute prices vary by neighbourhood.