Cost of Living in Palma de Mallorca

Summary of cost of living in Palma de Mallorca, Spain:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 11.18 £ 8.60-17.19
Meal for 2 People, Mid-range Restaurant, Three-course 42.99 £ 34.39-60.18
McMeal at McDonalds (or Equivalent Combo Meal) 9.46 £ 8.60-10.32
Domestic Beer (1 pint draught) 2.58 £ 2.06-4.30
Imported Beer (12 oz small bottle) 3.44 £ 2.58-4.30
Cappuccino (regular) 2.27 £ 1.29-3.01
Coke/Pepsi (12 oz small bottle) 2.25 £ 1.72-2.58
Water (12 oz small bottle) 1.78 £ 1.55-2.58
Markets
Edit
Milk (regular), (1 gallon) 3.19 £ 2.93-3.42
Loaf of Fresh White Bread (1 lb) 0.99 £ 0.58-2.03
Rice (white), (1 lb) 0.67 £ 0.39-0.78
Eggs (regular) (12) 2.35 £ 1.03-3.44
Local Cheese (1 lb) 5.07 £ 2.76-5.46
Chicken Fillets (1 lb) 2.88 £ 1.56-3.51
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 5.34 £ 3.90-6.43
Apples (1 lb) 0.69 £ 0.51-0.78
Banana (1 lb) 0.74 £ 0.57-0.97
Oranges (1 lb) 0.55 £ 0.39-0.70
Tomato (1 lb) 0.95 £ 0.70-1.17
Potato (1 lb) 0.53 £ 0.31-0.68
Onion (1 lb) 0.68 £ 0.39-0.78
Lettuce (1 head) 0.95 £ 0.73-1.72
Water (1.5 liter bottle) 0.55 £ 0.34-0.77
Bottle of Wine (Mid-Range) 6.45 £ 4.30-7.74
Domestic Beer (0.5 liter bottle) 0.83 £ 0.60-1.72
Imported Beer (12 oz small bottle) 1.32 £ 0.86-1.72
Cigarettes 20 Pack (Marlboro) 4.73 £ 4.30-5.16
Transportation
Edit
One-way Ticket (Local Transport) 1.72 £ 0.00-1.72
Monthly Pass (Regular Price) 31.81 £ 31.81-34.39
Taxi Start (Normal Tariff) 3.61 £ 3.44-4.30
Taxi 1 mile (Normal Tariff) 3.46 £ 1.94-4.15
Taxi 1hour Waiting (Normal Tariff) 18.40 £ 17.19-34.39
Gasoline (1 gallon) 5.44 £ 4.98-7.06
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,684.94 £ 21,493.29-28,684.94
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 19,988.76 £ 17,194.63-20,633.56
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 175.48 £ 103.17-214.93
Mobile Phone Monthly Plan with Calls and 10GB+ Data 17.19 £ 12.90-17.19
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 31.04 £ 25.79-42.99
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 43.74 £ 30.95-64.48
Tennis Court Rent (1 Hour on Weekend) 15.13 £ 12.90-16.33
Cinema, International Release, 1 Seat 6.88 £ 6.45-7.74
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 530.17 £ 343.89-716.44
International Primary School, Yearly for 1 Child 9,263.61 £ 5,674.23-15,475.17
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 70.78 £ 67.92-77.38
1 Summer Dress in a Chain Store (Zara, H&M, ...) 41.55 £ 30.09-51.58
1 Pair of Nike Running Shoes (Mid-Range) 66.81 £ 51.58-77.38
1 Pair of Men Leather Business Shoes 80.45 £ 60.18-128.96
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 875.85 £ 773.76-1,031.68
Apartment (1 bedroom) Outside of Centre 716.44 £ 644.80-859.73
Apartment (3 bedrooms) in City Centre 1,406.28 £ 1,203.62-1,633.49
Apartment (3 bedrooms) Outside of Centre 1,133.77 £ 1,031.68-1,375.57
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 329.07 £ 279.55-599.03
Price per Square Feet to Buy Apartment Outside of Centre 210.33 £ 151.75-319.48
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 1,284.22 £
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.50 2.00-4.50

Prices in Palma de Mallorca

This city had 434 entries in the past 12 months by 42 different contributors.
Last update: March 2024
Sources and References
Distribution of Expenses Using Our Statistical Model:
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6 Comments so far
HaChris on Jan 25, 2024:
If the rental of 1-bedroom apartment is 975.00 and salary average 1.565, how can reantal only be 30% in your distribution of expences?
Tony on Nov 18, 2022:
Cost of living in Mallorca much higher than you print
Anonymous on Jun 13, 2021:
How are the schools in Mallorca
My husband & I have two amazing young boys, currently following an English (UK) Cambridge system & have Spanish as a 2nd language as being half Spanish. We’d like to know they the quality of school systems there & if there are predominantly English/ Internationally recognized schools for them to school in.
Requirements of schools can range from mid to high quality.
EJW on Jan 10, 2021:
LOL I guess I shouldn't comment on another post but HOW does anyone spend 4000 euros on food for two for 1 week anywhere? Please explain.
Z on Dec 31, 2020:
I was there for a week and paid for food alone 4k Euro, two adults.

Probably depends on the quality you expect, I expect good.

If you really want to know if you can afford to live there happily, I recommend going on vacation and see for your self.

Could be a lot cheaper if you plan to make food yourself but that's a poor retirement. Better invest money and retire when you can afford better.

Cheers!
Leonard on Sep 05, 2020:
My wife and I are retired and want to live out the rest of our life's in a WARM and SUNNY Beach inviroment..Like Santa Ponsa or Paquera Spain maybe even Palma de'Mallorca . Between the two of us we receive approximately $3.775.00 A mouth in retirement pay.. Would it be doable for the two us to live comfortably please let me know what you think.. Thank you very much.Mr Kozerski