Cost of living and prices in Palma, prices of food, rent, shopping, etc. 🇪🇸
Updated Jul 2023

Palma, Spain is a cosmopolitan city located in Southern Europe, with a laid-back Mediterranean lifestyle and rich cultural heritage. As the capital of the Balearic Islands, it offers a blend of history, art, gastronomy, and entertainment.

The cost of living in Palma is relatively affordable compared to other major European cities, making it an attractive destination for expats, retirees, and digital nomads. Whether you want to rent an apartment, buy a property, or dine out, you will find plenty of options that suit your budget.

If you're looking for a vibrant and sun-drenched place to live or visit, Palma has it all. From sandy beaches and crystal-clear waters to historic landmarks and buzzing nightlife, you'll never get bored in this charming Spanish city.

Additionally, Palma has an extensive public transportation system, including buses and trains, that makes it easy to get around. The healthcare system is also top-notch, with both public and private hospitals that provide high-quality care.

Cost of Living Estimate in Palma

Total cost of living in Palma for two person with average consumption for one month will be 1154.98 USD, no rent price included. Click here to calculate cost-of-living estimate in Palma

You can calculate cost of living in Palma by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

Palma is known for its exquisite dining culture, and it's not hard to see why. With an array of charming eateries and restaurants serving up local delicacies, your taste buds are in for a treat. Traditional Mallorcan dishes are prominent in every menu and are often prepared using locally-sourced ingredients. Vegetarians and vegans won’t miss out either as most eateries offer plant-based options that are equally tasty. Food critics and enthusiasts will love trying out the different restaurants in Palma, which range from Michelin starred restaurants to affordable cafes.

It’s not just the food that attracts visitors to Palma's eateries; it’s also the picturesque settings and ambiance. Restaurants, cafes, and bars are found both in the narrow cobbled streets and along the tree-lined avenues. Whether you choose to dine in an old fish market or by the bustling marina, there is never a shortage of beautiful settings to enjoy your meal. For a more authentic experience, many eateries offer outdoor seating, allowing diners to immerse themselves in Palma's vibrant atmosphere while enjoying delightful meals.

Meal in Inexpensive Restaurant
18.20 $
Meal for 2 People, Mid-range Restaurant, Three-course
54.59 $
McMeal at McDonalds or Alternative Combo Meal
9.70 $
Domestic Beer, 0.5 liter Draught
3.03 $
Imported Beer, 0.33 liter Bottle
3.64 $
Cappuccino
2.49 $
Coca-Cola, 0.33 liter Bottle
2.34 $

Markets prices

Palma, Spain is a bustling city with a lively atmosphere and a diverse market scene. The market prices in Palma vary depending on the season and the type of product you are looking for. Generally speaking, prices can be higher in the tourist areas compared to the local markets. However, you can always find a good bargain by exploring the less crowded places. The city is famous for its fresh produce, seafood, and traditional handicrafts. From the colorful streets of the Old Town to the modern shopping centers, Palma has something for everyone.

If you are a savvy shopper, you can save a lot of money by bargaining with the vendors in Palma's markets. Most of them are open-air and have a friendly atmosphere. You can haggle for a variety of items such as clothes, jewelry, antiques, and souvenirs. The city is also home to several food markets where you can sample some of the local delicacies. Whether you are looking for a unique gift or want to try some delicious street food, Palma's markets are an excellent place to explore. Just be prepared to negotiate and have fun with the process!

Water, 0.33 liter Bottle
1.93 $
Milk, Regular,1 liter
1.02 $
Loaf of Fresh White Bread, 0.5 kg
1.44 $
White Rice, 1 kg
1.13 $
Eggs, 12 pack
2.61 $
Local Cheese, 1 kg
11.01 $
Chicken Breasts, Boneless and Skinless, 1 kg
7.76 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
12.28 $
Apples, 1 kg
2.49 $
Banana, 1 kg
1.97 $
Oranges, 1 kg
1.65 $
Tomato, 1 kg
1.89 $
Potato, 1 kg
1.20 $
Onion, 1 kg
1.30 $
Lettuce, 1 head
1.30 $
Water, 1.5 liter Bottle
0.66 $
Bottle of Wine, Mid-Range Price
4.85 $
Domestic Beer, 0.5 liter Bottle
0.89 $
Imported Beer, 0.33 liter Bottle
1.39 $
Pack of Cigarettes
6.31 $

Transportation prices

Palma, the capital of Mallorca, Spain, offers a variety of transportation options for visitors. One popular choice is the local bus system, which covers a wide area and is relatively affordable. For those who prefer something more scenic, there are bike rental options available throughout the city, allowing visitors to explore at their own pace while taking in the breathtaking coastline and historical landmarks. Another option is to use one of the many taxi services available in the city, which can be more convenient for those looking for a more direct mode of transportation.

For those who want a truly unique experience, there are also boat tours available in Palma. These tours allow visitors to explore the beautiful coastline and nearby islands, including Cabrera, while taking in the stunning views of the Mediterranean Sea. Whether you're looking for an adrenaline-fueled speedboat ride or a more relaxed day on a catamaran, there are plenty of options to choose from. No matter what your transportation preference, Palma has something for everyone to ensure you can explore the city and surrounding areas with ease and comfort.

One-way Ticket, Local Transport
1.82 $
Monthly Pass, Regular Price
36.39 $
Taxi Start, Normal Tariff
4.85 $
Taxi, price for 1 km, Normal Tariff
1.21 $
Taxi, price for 1 hour Waiting, Normal Tariff
21.47 $
Gasoline, 1 liter
1.66 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
18,195.60 $

Utilities Per Month prices

Visitors to Palma, Spain should be aware that utilities costs can be higher than in some other European cities. This is due in part to the city's location on an island, which means that the cost of transporting and distributing utilities can be higher. However, Palma is still an affordable destination overall, with plenty of budget-friendly options available for travelers.

When visiting Palma, it's important to keep in mind that utility costs may vary depending on the time of year and the type of accommodation you choose. In general, hotels and resorts may have higher utility costs than rental apartments or private homes. Visitors can also save money by being mindful of their energy usage, such as turning off lights and air conditioning when not in use, and by choosing accommodations that are energy-efficient and environmentally-friendly.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
130.32 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.23 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
52.26 $

Sports And Leisure prices

Palma, Spain is a sports and leisure lover’s dream destination! The city's mild Mediterranean climate and stunning natural surroundings make it the perfect place to enjoy outdoor activities. From hiking and cycling in the hills surrounding the city, to water sports like sailing, windsurfing, and paddleboarding on the gorgeous beaches, there's something for everyone. If you prefer to watch rather than participate, Palma is also home to several professional sports teams, including Real Mallorca football club, which plays at the impressive Son Moix Stadium. With so many options, it's easy to see why Palma is such a popular destination for sports lovers.

In addition to sports, Palma offers plenty of leisure activities for those looking to relax and unwind. With miles of sandy beaches dotted along the coast, visitors can take a dip in the crystal-clear waters of the Mediterranean Sea, soak up the sun, or enjoy a refreshing cocktail from one of the many beach bars. The city's historic center is also a great place to explore, with its narrow cobblestone streets, charming cafes, and bustling markets. For those looking to indulge in some retail therapy, Palma's shopping scene has it all. From high-end designer stores to one-of-a-kind boutiques, there's something for every taste and budget. Whatever your idea of leisure, Palma has plenty to offer for a truly unforgettable trip.

Fitness Club, Monthly Fee for 1 Adult
52.65 $
Tennis Court Rent, 1 Hour on Weekend
32.35 $

Salaries And Financing prices

When it comes to salaries in Palma, Spain, there are a few things to keep in mind for travelers. Firstly, it's important to note that the cost of living in Palma can be quite high compared to other cities in Spain, so salaries may reflect that. However, there are also plenty of opportunities for travelers to find work in Palma, particularly in industries like tourism and hospitality. In many cases, a working holiday in Palma can be a great way to finance your travels and get to know the local culture and way of life.

When it comes to financing your time in Palma, there are a few different options to consider. For those who are looking to work while they travel, there are plenty of opportunities to do so in Palma. However, it's also important to keep in mind that there are other financing options available, such as budget-friendly accommodations, free or low-cost activities and events, and affordable food and drink options. By planning ahead and being mindful of your spending, it's possible to enjoy all that Palma has to offer without breaking the bank.

Cinema ticket, 1 Seat
9.10 $
Average Monthly Net Salary, After Tax
1,587.06 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
3.04 %

Childcare prices

Palma, Spain, is a popular destination for families, but one factor every parent considers before moving is childcare prices. Palma boasts a wide range of schools and Kindergartens that cater to children of all ages. As expected, there is a diverse range of prices that reflect the quality and location of each facility. However, parents can rest assured that Palma provides adequate options to fit most budgets, whether they opt for public or private institutions.

Educating a child from infancy to preschool is a significant investment for families in Palma. The cost of childcare in Palma is generally competitive with other major cities in Europe. These prices are not only affected by the quality of the institutions but also by amenities, including transportation and meals, which could affect the final price. It is important to note that Palma has a variety of childcare facilities that adhere to different budgets and provide education from different perspectives, such as bilingual education or religious education.

Private Preschool or Kindergarten, Monthly for 1 Child
434.47 $
International Primary School, Yearly for 1 Child
14,313.87 $

Clothing And Shoes prices

Palma, Spain is an excellent destination for anyone who loves fashion. Clothing prices in Palma can vary widely depending on the type of store and the quality of the clothing. The city has many high end designer stores that offer the latest fashion trends, as well as more affordable shops that offer stylish clothes at a lower price point. Palma has many local boutiques that offer unique clothing items, and visitors can also find many of the same chain stores that can be found in other larger cities.

Shoe prices in Palma are also diverse, with many stores offering high quality designer shoes at a premium price point. There are also many stores that offer more affordable shoes, including classic styles and the latest fashion trends. Visitors to Palma can find shoes in almost any style or color, from casual flats to high-end boots. The city has many shoe stores ranging from local boutiques to international chains, so shoppers will have plenty of options to choose from.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
83.40 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
36.39 $
Pair of Running Shoes, Mid-Range Price
77.09 $
Pair of Leather Business Shoes
99.64 $

Rent Per Month prices

Palma, the capital of the sunny island of Mallorca, has become a popular tourist destination in recent years, and short rent and stay options abound. Whether you are looking for a small apartment in the historic center or a luxury villa with a private pool, you can find the perfect accommodation for your trip. The city offers many different neighborhoods, each with its own charm and appeal, from the bustling center with its shops and restaurants to the more peaceful suburbs.

In terms of pricing, Palma's short rent and stay options are generally affordable and flexible, with a range of prices depending on the type of accommodation you choose and the length of your stay. You can find budget options for short stays or more luxurious options for longer stays, making it easy to find the perfect place to stay, no matter what your budget or needs might be. With so many options available, it's easy to enjoy everything this beautiful city has to offer, whether you're here for a weekend getaway or an extended vacation.

One bedroom apartment in city centre
1,070.07 $
One bedroom apartment outside of city centre
830.47 $
Three bedroom apartment in city centre
1,679.60 $
Three bedroom apartment outside of city centre
1,300.99 $

Buy Apartment prices

Palma, Spain offers a variety of real estate buying options for those seeking a Mediterranean lifestyle. Whether you're in the market for a cozy apartment or a sprawling villa, Palma's real estate market can deliver. The city's rich history and relaxed atmosphere make it a desirable destination for both locals and foreigners, driving demand for a variety of properties at various price points. From the charming Old Town to the luxurious seafront, Palma has something for every buyer.

Prices of real estate in Palma can vary greatly depending on location, size, and amenities. Generally, properties in the city center and near the beach tend to be more expensive, while those in the outskirts are typically more affordable. Palma's real estate market remains competitive, with a mix of new developments and older properties undergoing renovations. Whether you're a first-time buyer or a seasoned investor, there are plenty of options to consider in Palma's dynamic real estate market.

Price per m2 to Buy Apartment in City Center
4,947.47 $
Price per m2 to Buy Apartment Outside of City Center
3,136.57 $