What is the cost of living in Canary Islands?

Canary Islands has an average cost of living index of 99, which is 1% below the Spain average of 100. Average monthly rent across tracked cities is 941 €, and average median income is 40.316 €.

What is the cheapest city in Canary Islands?

Las Palmas de Gran Canaria is the most affordable city tracked in Canary Islands, with a cost index of 99 and median rent of 941 €/month.

Is Canary Islands affordable to live in?

Canary Islands's average rent-to-income ratio is 28.0%. Canary Islands is generally considered affordable.

Home/Spain/Canary Islands

1 city tracked

Canary Islands

Complete autonomous community intelligence: affordability, quality of life, safety, climate, and lifestyle metrics across all tracked cities.

All Countries

Avg rent: 941 €

Avg Cost Index

0/ 100

Avg Income

40.316 €

Avg Rent

941 €/mo

Autonomous Community Pop

Autonomous Community Intelligence Overview

Core metrics, city comparisons, and lifestyle signals

Canary Islands vs Spain Average

Cost Index

-1.0% vs avg

Avg Rent

€941

-0.8% vs avg

Avg Income

€40.316

-0.8% vs avg

Cities in Canary Islands

City	Cost	Rent	Income	Pop	Rent/Inc
Las Palmas de Gran Canaria	99	941 €	40.316 €	297.682	28.0%

Average Salaries in Canary Islands

Software Engineer80.632 €

Entry: 49.992 €Expert: 124.980 €

Registered Nurse48.379 €

Entry: 29.995 €Expert: 74.987 €

Teacher42.332 €

Entry: 26.246 €Expert: 65.615 €

Accountant54.427 €

Entry: 33.745 €Expert: 84.362 €

Marketing Manager62.490 €

Entry: 38.744 €Expert: 96.860 €

Housing Market Overview

Avg Home Price

207.020 €

Avg Rent-to-Income

28.0%

Home Prices by City

Las Palmas de Gran Canaria

207.020 €

Explore Canary Islands

Las Palmas de Gran Canaria

941 €/mo

Frequently Asked Questions

Tax Rates

Income Tax18%

CPP/EIN/A

Property Tax1.2%

GST/HST20%

Combined Tax Load

39.2%

Cost Index Distribution

Las Palmas de Gran Canaria

Low

Avg

High

Very High

Rent Comparison

Las Palmas de Gran Canaria941 €

Income Comparison

Las Palmas de Gran Canaria40.316 €

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Assembling your view…

Crunching costs, sorting signals, rendering insights.