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.

Las Palmas de Gran Canaria vs Madrid: Madrid is 15.7% more expensive, rent 58% higher (2026)

Categoría	🇪🇸 Las Palmas de Gran Canaria	🇪🇸 Madrid	Diferencia
Coste de Vida	52.2	60.4	+15.7%
Alquiler	22.1	34.9	+57.9%
Supermercado	57.3	60.9	+6.3%
Restaurantes	55.7	63.1	+13.3%
Poder Adquisitivo	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.