Living costs for a long winter in Lanzarote are similar to the other main islands: a couple can budget around €1,400 to €2,700 a month for rent, food, eating out and transport. Arrecife is the cheapest base; frontline Puerto del Carmen is the most expensive. A car adds to the cost if you stay outside the main towns.
Sample monthly budget for a couple
| Item | Arrecife | Puerto del Carmen or Playa Blanca |
|---|---|---|
| Rent, one-bedroom | €700-1,100 | €900-1,500 |
| Supermarket | €350-450 | €350-500 |
| Eating out | €200-300 | €250-450 |
| Transport | €30-60 | €40-80 |
| Extras | €100-200 | €100-200 |
| Total | About €1,400-2,100 | About €1,650-2,700 |
Planning estimates only.
Car hire
If you want to explore Timanfaya, Famara and the north, budget for a week or two of car hire, or a monthly rental, which often works out cheaper per day.
Food
Lanzarote has excellent local produce: wine from La Geria, goat’s cheese, fish and sweet potatoes. Local restaurants away from the seafront are good value.
Our verdict
Lanzarote is affordable if you shop locally and choose your base carefully. Read Renting in Lanzarote for 3 Months.