Island in Canary Islands, Spain
Cost of living in Lanzarote
How much a month costs in Lanzarote
For one person, including rent. A comfortable month costs about $2,030–2,810 (€1,800–2,500).
Prices in Lanzarote
Typical 2026 ranges in EUR, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | EUR | US$ |
|---|---|---|
| Housing | ||
| 1-bedroom apartment, center (month) | €800–1,300 | $900–1,460 |
| 1-bedroom apartment, outside center (month) | €600–950 | $675–1,070 |
| Hostel dorm bed (night) | €20–40 | $23–45 |
| Mid-range hotel room (night) | €75–160 | $84–180 |
| Food and drink | ||
| Local meal or street food | €9–14 | $10.1–15.8 |
| Mid-range restaurant, per person | €18–32 | $20–36 |
| Cappuccino | €2–3 | $2.3–3.4 |
| Local beer, 0.5 l in a bar | €2–4 | $2.3–4.5 |
| Getting around | ||
| Public transport, one ride | €1–3 | $1.1–3.4 |
| Ride-hailing or taxi, about 5 km | €7–14 | $7.9–15.8 |
| Work and life | ||
| Gym membership (month) | €25–50 | $28–56 |
| Mobile data, 20–50 GB (month) | €10–25 | $11–28 |
Value for money: 47/100
A value score of 47/100 means Lanzarote gives more quality of life per dollar than 46% of the 1,319 places we cover. Quality here scores 82/100. It's the 20th most affordable of 37 places we cover in Spain.
| Quality factor | Score |
|---|---|
| Safety | |
| Air quality | |
| Internet | |
| Healthcare | |
| Weather | |
| Friendly locals | |
| English |
Cost of living across Spain
One person, comfortable lifestyle, including rent.
| Place | Comfortable month | Value |
|---|---|---|
| Salamanca | $1,460–2,140 | 71/100 |
| Santiago de Compostela | $1,580–2,250 | 66/100 |
| Granada | $1,690–2,360 | 57/100 |
| Córdoba | $1,690–2,360 | 60/100 |
| Toledo | $1,690–2,360 | 62/100 |
| Cádiz | $1,690–2,480 | 56/100 |
| Benidorm | $1,690–2,480 | 58/100 |
| Seville | $1,910–2,700 | 47/100 |
| Gran Canaria | $1,910–2,700 | 52/100 |
| Las Palmas | $1,910–2,700 | 51/100 |
| Alicante | $1,910–2,700 | 45/100 |
| Fuerteventura | $1,910–2,700 | 50/100 |
| Costa Blanca | $1,910–2,700 | — |
| Maspalomas | $1,910–2,700 | 52/100 |
| Lanzarote | $2,030–2,810 | 47/100 |
| Tenerife | $2,030–2,930 | 44/100 |
| Costa Brava | $2,030–2,930 | — |
| Valencia | $2,140–3,040 | 36/100 |
| Costa del Sol | $2,140–3,040 | — |
| Málaga | $2,250–3,150 | 36/100 |
| Bilbao | $2,360–3,260 | 35/100 |
| Madrid | $2,480–3,380 | 25/100 |
| Menorca | $2,480–3,600 | 30/100 |
| Sitges | $2,480–3,600 | 25/100 |
| Marbella | $2,590–3,710 | 24/100 |
| Barcelona | $2,700–3,710 | 22/100 |
| Mallorca | $2,700–3,710 | 22/100 |
| Palma | $2,700–3,710 | 22/100 |
| San Sebastián | $2,930–4,050 | 21/100 |
| Ibiza | $3,150–4,500 | 13/100 |
Cheaper alternatives to Lanzarote
Similar safety, lower cost, in Europe.
Quick answers
How much money do you need per month in Lanzarote?
About $1,240–1,690 on a lean budget, $2,030–2,810 for a comfortable month and $3,830–6,190 for a luxury one, rent included.
How much is rent in Lanzarote?
A furnished 1-bedroom apartment costs €800–1,300 ($900–1,460) a month in the center and €600–950 ($675–1,070) outside it.
How much does food cost in Lanzarote?
A local meal is €9–14 ($10.1–15.8); a mid-range restaurant is €18–32 ($20–36) per person.
Is Spain expensive?
Prices in Spain are about 64% of US price levels (World Bank PPP).
More about Lanzarote
Going to Lanzarote solo?
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Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- Turismo Lanzarote
- Cabildo de Lanzarote (buses)
Prices are SoloSquare estimates for 2026, reviewed against official and operator prices where available. Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.