Cost of living in Lanzarote
Lanzarote, a beautiful island in Spain's Canary Islands, is known for its stunning landscapes and unique volcanic terrain. Understanding the cost of living here is crucial for both potential residents and visitors.
This guide provides a detailed breakdown of expenses in Lanzarote, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $10.95 on average, with a range between $9.39 and $20.86.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $52.15, with prices ranging from $31.29 to $73.01.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8.87, with a range between $8.34 and $9.39.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.25 to $3.65, imported beer $2.29 to $4.17, cappuccino $1.25 to $3.13, and Coke/Pepsi $0.97 to $2.61.
Grocery Prices
- Milk - Milk is priced between $0.73 and $1.67 per liter, averaging $1.05.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.04 and $6.26, with an average price of $1.83.
- Eggs (Dozen) - A dozen eggs range from $1.88 to $6.26, averaging $3.16.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.41 to $2.61 per kg, while oranges range from $1.46 to $2.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.04 and $6.26 per kg, and lettuce costs $1.04 to $1.93 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.15 and $1.74 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $0.56 to $3.13 per km and $15.64 to $26.07 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $52.15 and $99.73, averaging $72.33.
- Internet - Internet services range from $20.86 to $36.5, with an average cost of $26.91.
Cost of Living Rankings
The cost of living indices for Spain are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Spain, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Lanzarote offers a relatively affordable cost of living compared to many European destinations, particularly in dining and grocery expenses.
Transportation costs are moderate, with gasoline prices being a significant factor for those who drive.
Utilities and internet services are reasonably priced, making it easier to manage monthly expenses.
Conclusion
In conclusion, Lanzarote presents a balanced cost of living, with affordable dining and grocery options.
While housing costs were not detailed, the overall expenses suggest a manageable lifestyle for residents.
Potential residents should consider transportation and utility costs when planning their budget.