Expat Topics
Cost of Living in Tenerife (2026)
Monthly budget breakdown for expats living in Tenerife, Spain
Last updated: March 2026
The cost of living in Tenerife, Spain for an expat in 2026 averages €600–€900 per month for rent (1-br, south coast/santa cruz). Key costs include rent (1-br, south coast/santa cruz) (€600–€900), rent (1-br, outskirts/north towns) (€450–€700), groceries (€200–€300).
Tenerife is a popular destination for expats relocating to Spain. Tenerife is the largest of Spain's Canary Islands, sitting in the Atlantic Ocean off the coast of Africa with year-round temperatures of 20–25°C and a volcanic landscape dominated by Mount Teide, Spain's highest peak. The island has become one of Europe's top digital nomad destinations thanks to its eternal spring climate, low IGIC tax rate of just 7% (versus 21% VAT on mainland Spain), fast internet, and a growing community of remote workers. Below is a detailed monthly budget breakdown based on real expat spending data.
Monthly Expenses Breakdown
| Expense | Monthly Cost |
|---|---|
| Rent (1-BR, south coast/Santa Cruz) | €600–€900 |
| Rent (1-BR, outskirts/north towns) | €450–€700 |
| Groceries | €200–€300 |
| Transport (bus/car fuel) | €50–€100 |
| Utilities (electricity, water, internet) | €100–€150 |
| Private health insurance | €50–€100 |
| Dining out (2–3×/week) | €100–€170 |
| Entertainment & misc. | €80–€150 |
| Total (comfortable, Tenerife) | €1,400–€2,000 |
Tenerife Quick Facts
Best For
Digital nomads, remote workers, retirees, nature lovers
Monthly Budget
€1,400–€2,000
1-BR Center Rent
€600–€900/mo
Internet Speed
~170 Mbps avg.
English Level
Good in south tourist areas
Tax Rate (IGIC)
7% vs 21% mainland IVA
Climate
20–25°C year-round
Airport
TFS (South) + TFN (North)
Frequently Asked Questions
How much does it cost to live in Tenerife per month?
Monthly costs in Tenerife depend on your lifestyle. Key expenses include rent (1-br, south coast/santa cruz) (€600–€900), rent (1-br, outskirts/north towns) (€450–€700), groceries (€200–€300). See the full breakdown above for a complete picture.
Is Tenerife affordable for expats?
Tenerife is a popular expat destination with costs that vary by neighborhood and lifestyle. Many expats find they can live comfortably on a mid-range budget.
What is the average rent in Tenerife?
Rent (1-BR, south coast/Santa Cruz): €600–€900. Rent (1-BR, outskirts/north towns): €450–€700