Is Madrid more expensive than Las Palmas de Gran Canaria?

Madrid is 18.6% more expensive than Las Palmas de Gran Canaria overall. Rent is 51.6% higher, groceries 8.1% more expensive, and restaurants 20.6% 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 95.4 while Madrid has 105.2 (NYC = 100). Madrid offers better purchasing power.

Cost of Living Comparison · 2026

🇪🇸 Las Palmas de Gran Canaria vs 🇪🇸 Madrid

2026

Madrid is 18.6% more expensive

Category	🇪🇸 Las Palmas de Gran Canaria	🇪🇸 Madrid	Difference
Cost of Living	49.5	58.7	+18.6%
Rent	21.5	32.6	+51.6%
Groceries	53.2	57.5	+8.1%
Restaurants	50.1	60.4	+20.6%
Purchasing Power	95.4	105.2	+10.3%

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