Accommodation is one of the biggest expenses when considering the cost of living. Tenerife offers a range of options, from luxury resorts to budget-friendly apartments. The cost of renting a one-bedroom apartment in the city center can range from €600 to €900 per month, depending on the area and amenities. Expats looking for a more budget-friendly option can find apartments outside the city center for around €500 per month. Buying property in Tenerife is also a popular option for those looking to settle down, and prices vary depending on location and size. Overall, accommodation costs in Tenerife are relatively affordable compared to other major cities in Europe.
Another major component of the cost of living is food and groceries. Tenerife boasts a wide range of dining options, from local Canarian cuisine to international restaurants. Eating out in a mid-range restaurant can cost around €12 to €20 per person, while a three-course meal for two in a more upscale establishment can cost around €50 to €70. For those who prefer to cook at home, the cost of groceries is generally lower than in other European cities. A trip to a local market can provide fresh fruits, vegetables, and other staples at reasonable prices.
Transportation costs in Tenerife are also relatively affordable. The island has a well-connected public transportation system, with buses and trams available to navigate throughout the island. A one-way bus ticket can cost around €1.50, while a monthly pass for unlimited rides costs approximately €40. For those who prefer to drive, gasoline prices are lower compared to other European countries.
Healthcare is an essential consideration when moving or living in a foreign country. In Tenerife, healthcare is of a high standard, with both public and private options available. Residents of the Canary Islands are entitled to free healthcare, and public hospitals provide excellent care. Private health insurance is also available at affordable rates, ensuring access to specialty services and shorter waiting times for appointments.
When it comes to entertainment and leisure activities, Tenerife has plenty to offer. The island is home to beautiful beaches, hiking trails, and water sports, making it an ideal destination for outdoor enthusiasts. Many of these activities are available at a reasonable cost or even for free. Additionally, Tenerife hosts various cultural events, such as festivals and concerts throughout the year, providing opportunities for affordable entertainment.
Overall, the cost of living in Tenerife is relatively affordable compared to other major cities in Europe. Accommodation, food, transportation, and healthcare costs are all reasonable, allowing residents and tourists to enjoy all that the island has to offer without breaking the bank. With its stunning landscapes, sunny weather, and vibrant culture, Tenerife is not only a paradise for holidaymakers but also an attractive destination for those looking to relocate and enjoy a good quality of life at an affordable price.