Is Madrid more expensive than Las Palmas de Gran Canaria?

Madrid is 15.7% more expensive than Las Palmas de Gran Canaria overall. Rent is 57.9% higher, groceries 6.3% more expensive, and restaurants 13.3% 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 88.5 while Madrid has 100.7 (NYC = 100). Madrid offers better purchasing power.

Cost of Living Comparison · 2026

🇪🇸 Las Palmas de Gran Canaria vs 🇪🇸 Madrid

2026

Madrid is 15.7% more expensive

Category	🇪🇸 Las Palmas de Gran Canaria	🇪🇸 Madrid	Difference
Cost of Living	52.2	60.4	+15.7%
Rent	22.1	34.9	+57.9%
Groceries	57.3	60.9	+6.3%
Restaurants	55.7	63.1	+13.3%
Purchasing Power	88.5	100.7	+13.8%

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