Tenerife is a captivating island located in the Canary Islands, known for its breathtaking landscapes, vibrant culture, and pleasant year-round weather. Many people dream of living in this Spanish paradise, but before making the move, it’s essential to consider the cost of living in Tenerife.

Housing is one of the most significant expenses when living in Tenerife. While prices vary depending on the location and size of the property, renting a one-bedroom apartment in the city center usually ranges from €700 to €1,000 per month. If you prefer to live outside the city, prices can be slightly lower ranging from €500 to €800. For those looking to purchase a property, prices can start at around €1,500 per square meter in urban areas.

When it comes to daily expenses, Tenerife offers affordable options. Grocery shopping for a week for two individuals can amount to approximately €50 to €70. Local markets are plentiful and affordable, allowing residents to purchase fresh produce and seafood at reasonable prices. Eating out is also relatively inexpensive, with a three-course meal for two people at a mid-range restaurant costing around €40.

Transportation in Tenerife can be affordable, depending on your lifestyle and needs. The island has a well-developed public transportation system, with buses being the most common mode of travel. A single bus ticket in the city usually costs around €1.45, and monthly passes can be purchased for €45. If you prefer to have your vehicle, fuel prices are reasonable, with a liter of gasoline costing around €1.20. It’s worth noting that some areas in Tenerife, particularly remote or mountainous regions, may require a car to access conveniently.

Healthcare is another important aspect to consider. Fortunately, Tenerife offers a high standard of healthcare services. Public healthcare is accessible to residents through the National Health System, ensuring medical care is affordable and reliable. Private healthcare is also available for those who prefer faster and more specialized treatment options. On average, private health insurance can cost between €100 to €150 per month for a 40-year-old individual.

One of the advantages of living in Tenerife is the cost of leisure activities and entertainment. With its stunning beaches, hiking trails, and natural parks, there are abundant free and low-cost options for outdoor enthusiasts. Additionally, cultural events, museums, and cinemas offer affordable ticket prices, allowing residents to enjoy the vibrant local scene without breaking the bank.

Utility costs in Tenerife are relatively reasonable. Basic utilities for an average-sized apartment, including electricity, heating, cooling, water, and garbage services, typically amount to around €100 to €150 per month. Internet prices can range from €40 to €60 per month for a standard package, including high-speed internet.

Overall, the cost of living in Tenerife is generally affordable compared to other European destinations. With careful budgeting, individuals or families can comfortably reside on a modest income. The island’s natural beauty, excellent infrastructure, and warm climate provide a high quality of life that truly makes it worth considering as a place to call home.

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