Most of us certainly would agree with the fact that the positive aspects of living anywhere in the world would outweigh the negatives, but it is important to bear in mind the fact that the beauties cannot substitute the money necessary for food and bills.
Everything depends on your desires, but if you are looking for sunshine and peaceful environment, combined with amazing beaches and above all a low cost of living then there is no better place than Tenerife.
If you want to eat out and still do not spend too much money, you should visit restaurants that are away from the tourist areas and you will get a dinner with beer costs at around $10.
For those who earn higher salaries, there are more luxurious restaurants in the main areas of the city.
Savvy shopping here means purchasing food stuff at discounted prices or at local markets to take advantage of low prices.
The supply of food is essential and people spend the most money on it.
The more tourists are there, the higher are groceries prices in Santa Cruz de Tenerife.
If you will work here, make sure to find the apartment which will be close to your working place, so as to save time and money on commuting.
Transportation is not expensive and you can travel all month for just $45.
Those who drive might not be satisfied with high prices of gasoline here.
Unlike Palma de Mallorca where the utilities prices are quite high, Santa Cruz de Tenerife boasts lower service prices.
Even the price of the Internet access is lower than in many other cities in Spain.
The costs of heating are not high, due to the beautiful climate.
SPORTS & LEISURE
Santa Cruz de Tenerife is the paradise for people who like doing sports activities outdoors, as it is full of awesome hiking, fishing and surfing.
Nature lovers would enjoy time there, while those who love exercising indoors can visit one of many fitness clubs there.
CLOTHING & SHOES
When compared to Palma de Mallorca, Santa Cruz de Tenerife has lower clothing prices.
Actually, designer clothes are more affordable than in some other European and American cities, but when all the costs are covered and all the bill paid, not much is left for this luxury.
RENT PER MONTH
Santa Cruz de Tenerife is a very attractive place for newcomers not only due to its beauties, but also due to high salaries and inexpensive housing costs.
The prices between the apartments in the city center and out of it are not high and no matter if you earn the minimum, you will be able to afford a place for yourself.
Cost of Living Averages Table for Santa Cruz de Tenerife
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$ 9.02|
|Domestic Beer (0.5 Liter)||$ 1.69|
|Water (0.33 Liter)||$ 1.05||Average Market Prices|
|Milk (1 Liter)||$ 3.34|
|Loaf Bread (500g)||$ 0.88|
|Eggs (12)||$ 2.04||Average Transport Prices|
|One Way Ticket||$ 1.52|
|Monthly Pass||$ 45.12|
|Gasoline||$ 4.17||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$ 83.85|
|1 min. of Prepaid Mobile Tariff Local||$ 0.14|
|Internet (Unlimited Data, Cable/ADSL)||$ 41.53||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$ 38.73|
|Tennis Court Rent (1 Hour)||$ 13.54|
|Cinema, 1 Seat, International Release||$ 7.95||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$ 56.19|
|1 Summer Dress in a Chain Store (Zara, etc...)||$ 26.50|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$ 65||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$ 596.87|
|Apartment (1 bedroom) Outside of Center||$ 471.39|
|Apartment (3 bedrooms) in City Center||$ 869.46|
How Does the Average Person Spend Their Money in Santa Cruz de Tenerife?
In the majority of the cities, rent takes the most of monthly budget, no matter if you come there as a single or with your family.
However, in Santa Cruz de Tenerife, the situation is a bit different, as the rents are not pricey.
The most money goes on food, while transportation and restaurants take too much than it is expected, as eating out is not affordable here.
The same amount is devoted to utilities and sports, while very little is spent on clothing, due to the fact that it is pretty unaffordable.
Santa Cruz de Tenerife: Average Salary, Minimum Wage & Mortgages
According to statistics, Santa Cruz de Tenerife actually boasts the low cost of living in comparison to other cities around the world, due to the low rent prices here as opposed to high salaries.
It is estimated that the minimum salary will be enough for a decent living in Santa Cruz de Tenerife.
The apartment will be affordable even to the person who earns the minimum wage which is not the case in many cities.
Even if you want to own your house, mortgage interest rate are more than affordable here.
Cost of Living by City in Spain
*Click the name of the city for more information.
|City||Cost of Living Index|
|Las Palmas de Gran Canaria||47.39|
|Palma de Mallorca||65.17|
|Santa Cruz de Tenerife||48.69|