Cost of living in Palmas de Gran Canaria, Las: rent, salaries & real expenses (2026)

Estimated monthly budget

Food, transport and utility expenses based on INE/Eurostat national averages. Adjust to your lifestyle.

Rent in Palmas de Gran Canaria, Las

Rent in Palmas de Gran Canaria, Las is 11% cheaper than the national average and 2% cheaper than the Canarias average (€589/month). The annual trend is +2.2%.

What salary do you need to live in Palmas de Gran Canaria, Las?

To avoid spending more than 30% of your net salary on rent in Palmas de Gran Canaria, Las (€578/month), you need to earn at least €32,500 gross/year. The average gross salary in Canarias is €25,120/year according to INE.

Buying in Palmas de Gran Canaria, Las: what does a mortgage cost?

Estimate based on a sale price of €115,000 (typical price-to-rent ratio). 25-year mortgage at 3.5% with 80% financed. Indicative calculation.

Quality of life in Palmas de Gran Canaria, Las

Palmas de Gran Canaria, Las has a mild climate with mild summers (24.6°C max from June to August) and cool winters (14.9°C min from December to February). Unemployment stands at 14.2% (SEPE 202604) and the rent-to-income burden is 46.3%. Climate data: Open-Meteo ERA5 (2015-2024 normals).

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