More and more people are considering moving to Tenerife, attracted not only by the climate and lifestyle but also by the idea that living here is cheaper than in many European cities. But is this really the case? In this article, we explain, with up-to-date data, how much it costs to live in Tenerife in 2025 and what expenses you should consider before buying or renting a property.
Main Monthly Expenses in Tenerife (Approximate):
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Housing: Rent starting from €850 in residential areas and from €1,100 in tourist areas.
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Community Fees: Between €50 and €120 depending on the complex and the services.
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Electricity and Water: Between €70 and €120 per month (depending on consumption and number of residents).
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Supermarket for 2 people: Between €300 and €450.
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Internet and Mobile Phone: Starting from €35 per month.
Economic Advantages of Living in Tenerife:
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Lower municipal and regional taxes compared to the mainland.
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Mild climate all year round: no heating or thermal insulation costs.
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Healthier and more economical lifestyle: outdoor activities, beaches, climate, sports facilities, and easy social contact.