Numbeo, the world’s largest cost of living database, ranks the two Canary Islands provincial capitals, Santa Cruz de Tenerife and Las Palmas de Gran Canaria, on the top 15 places with the best quality of life.
Life in Spain is different, and the global perception of this reality confirms this fact. The last study from Numbeo, dated July 2021, lists Spain in the top 25 countries with the best quality of life, taking into account indexes such as climate, healthcare and safety rates, among many other statistics. The Canary Islands improve this number for the better, ranking their two provincial capitals on top 15 quality of life indexes.
Besides their outstanding quality of life, there are other aspects that rank high in the lists, such as the average property price and the labour cost per worker, the lowest in Spain (source: INE).
You need 5,000€ in Dublin to maintain the same standard of living as with 2,623€ in the Canary Islands
Considering operational costs, the Canary Islands have more competitive operational costs (petrol, electricity, broadband and office rent) than other regions in Europe.
The Canary Islands also have lower living costs related to other international hubs such as Miami, Ireland, Luxembourg and even Madrid (source Numbeo). Let us clarify this: You need 5,000€ in Dublin to maintain the same standard of living as with 2,623€ in the Canary Islands.
During the last years, the Canary Islands have built a competitive IT and startup hub by redefining their role within the global startup ecosystem and offering a distinct atmosphere of fun, low cost of living, fast fibre connections and a business innovation mindset that has put them on the map for good.
The two main startup ecosystems in the Canary Islands have registered massive jumps in their rankings with Las Palmas de Gran Canaria and Santa Cruz de Tenerife in 5th and 6th overall position in Spain (source StartupBlink).
What’s more, last year the Canary Islands were listed for the first time among world’s 10 best places to work remotely, with the two Canarian provincial capitals Santa Cruz de Tenerife and Las Palmas de Gran Canaria featuring in 6th and 7th place, by the famous website for digital nomads Nomadlist.com.