Spain_Flag-1.png

Cost of Living in Las Palmas de Gran Canaria, Spain

Las Palmas de Gran Canaria, most often referred to as Las Palmas, is one of the largest cities in Spain and the largest one in the Canary Islands.

It counts almost 400,000 people, being the 8th biggest city in Spain.

The city of Las Palmas has everything you need, and people living in areas around it, consider this the nearest “big city”.

The amount of money you’ll spend in this city depends on you, but if you really want to save every penny, the smallest amount you’ll need is around 700$.

Restaurants

RESTAURANTS

Eating out is reasonably priced. You can get a caña (half pint) of beer for 1.13$, a bocadillo (filled baguette) for 2$, and raciones (portions of veggies, fish, and seafood) for upwards of 4$. If you’re really on a tight budget, you can eat your fill at lunch with a menu del día (a set three-course meal with beer/wine/soft drink and bread) which is normally south of 11$.

Markets

MARKETS

Food in Las Palmas is expensive by Spanish standards but cheap compared to the most of Europe. For food items, Hiperdino is a local chain of supermarkets that has a good range of products and set prices, so as long as you opt for the likes of Hiperdino and Mercadona over Spar and Spar Natural (which is really a health-food store) – you’ll be fine. For a finer shopping experience head to El Corte Inglés Department Store (tourists get a 10% discount on all products).

Transportation

TRANSPORTATION

Las Palmas has the best quality bus system in the entire archipelago and one of the best in Spain, so you can rest assured that you won’t have problems in public transport. You can hail any taxi you see in the street with the green light on. Many people living here don’t even use public transport and their transport costs are down to zero – they use bikes or go on foot.

Utilities

UTILITIES (MONTHLY)

Depending on the size of your apartment, monthly utilities, including heating, cooling, electricity and gas could cost between 70$ and 250$ a month. However, for an apartment of about 85m2, your bills would amount up to 95$. Keep in mind that the gas bill goes up in winter, from November to February. Internet is expensive as well, amounting up to around 40$ a month.

Sports and leisure

SPORTS & LEISURE

In Las Palmas, attending fitness clubs and classes is somewhat less expensive than in other cities in the Netherlands. If you want to go to a fitness club in Las Palmas and get in shape, the fee will be around 39$ a month, but you can always save up by exercising on the many beaches this city has to offer, or simply swimming. If you want to watch a movie here, however, expect it to cost over 7$.

Clothing and shoes

CLOTHING & SHOES

The best shopping areas in Las Palmas is Triana, a pedestrian street where you can find a plethora of famous clothing brands. Next to the famous Las Canteras beach is one of the first shopping centers on the island. The shopping center has a plenty of fashion stores where you can fin quality jeans that cost around 60$, while quality sneakers cost around 80$.

Rent per month

RENT PER MONTH

You can rent a room in a shared house for 350$ and find a studio for 450$ per month. You don’t have to pay any other taxes if you rent in Las Palmas. For a Las Canteras beach line, exterior, we are talking about 800$ a month and way upwards for a 40–60m2 studio. But if you go back a couple of streets, you’ll be able to find something for 680$.

Cost of Living Averages Table for Las Palmas de Gran Canaria

Average Restaurant Prices
Meal (Inexpensive Restaurant) $ 9.38
Domestic Beer (0.5 Liter) $ 2.84
Water (0.33 Liter) $ 0.86
Average Market Prices
Milk (1 Liter) $ 1.03
Loaf Bread (500g) $ 1.41
Eggs (12) $ 3.23
Average Transport Prices
One Way Ticket $ 1.59
Monthly Pass $ 45.46
Gasoline $ 1.17
Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling) $ 95.40
1 min. of Prepaid Mobile Tariff Local $ 0.15
Internet (Unlimited Data, Cable/ADSL) $ 40.39
Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult $ 39.02
Tennis Court Rent (1 Hour) $ 13.64
Cinema, 1 Seat, International Release $ 7.33
Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable) $ 60.23
1 Summer Dress in a Chain Store (Zara, etc...) $ 31.55
1 Pair of Adidas Walking Shoes (Mid-Range) $ 81.17
Average Rent Prices
Apartment (1 bedroom) in City Center $ 689.42
Apartment (1 bedroom) Outside of Center $ 447.46
Apartment (3 bedrooms) in City Center $ 1079.59

How Does the Average Person Spend Their Money in Las Palmas de Gran Canaria?

Rent is somewhat cheaper in Las Palmas than in some other major cities of Spain, so it is one of those cities where the biggest part of people’s salaries gets spent on food, not on rent.

Food is definitely the biggest expense for the people of Las Palmas.

The next one is rent, but, again compared to other cities’ rent fees, Las Palmas is cheaper.

Transportation and restaurants are next on the list, since they are also pretty costly, given the fact that even the inexpensive restaurants don’t serve food for less than 9$ and transport is still a somewhat necessary expense.

14.4%
32.6%
10%
6.5%
6.2%
3.3%
27%
Restaurants
Markets
Transportation
Utilities (Monthly)
Sports & Leisure
Clothing & Shoes
Rent Per Month

Las Palmas de Gran Canaria: Average Salary, Minimum Wage & Mortgages

People in Las Palmas earn considerable amounts of money, and this is actually their normal standard of living.

With an average wage reaching 1200$, citizens of Las Palmas have enough money to cover all their expenses, afford most of the things they want and need, and still live comfortable.

Of course, those that are renting have a harder time since they’re spending a lot more money.

The minimum wage doesn’t fall far behind the average monthly salary, so citizens of Las Palmas shouldn’t have problems making ends meet.

Average Salary$ 1235.84
Minimum Wage$ 1019.25
Mortgage Interest Rate3.00%

Cost of Living by City in Spain

*Click the name of the city for more information.

City Cost of Living Index
Alicante 53.9
Barcelona 62.15
Granada 50.41
Las Palmas de Gran Canaria 47.39
Madrid 60.12
Malaga 50.38
Palma de Mallorca 65.17
Santa Cruz de Tenerife 48.69
Seville (Sevilla) 54.7
Valencia 55.27
Zaragoza (Saragossa) 58

Leave a Comment