Cost of Living Comparison Between Miami, FL and Palma de Mallorca 
| Indices Difference |  |
|---|---|
| Cost of Living in Palma de Mallorca is 30.1% lower than in Miami, FL (without rent) | |
| Cost of Living Including Rent in Palma de Mallorca is 44.9% lower than in Miami, FL | |
| Rent Prices in Palma de Mallorca are 62.8% lower than in Miami, FL | |
| Restaurant Prices in Palma de Mallorca are 38.1% lower than in Miami, FL | |
| Groceries Prices in Palma de Mallorca are 37.8% lower than in Miami, FL | |
| Local Purchasing Power in Palma de Mallorca is 31.0% lower than in Miami, FL | |
Restaurants | Miami, FL Edit |
Palma de Mallorca Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 $ (23.16 €) |
15.11 $ (14.00 €) |
-39.5 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 $ (92.63 €) |
53.98 $ (50.00 €) |
-46.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
12.00 $ (11.12 €) |
12.42 $ (11.50 €) |
+3.5 % |
| Domestic Beer (1 pint draught) |
7.00 $ (6.48 €) |
3.24 $ (3.00 €) |
-53.7 % |
| Imported Beer (12 oz small bottle) |
8.00 $ (7.41 €) |
4.32 $ (4.00 €) |
-46.0 % |
| Cappuccino (regular) |
4.91 $ (4.55 €) |
3.05 $ (2.82 €) |
-37.9 % |
| Coke/Pepsi (12 oz small bottle) |
2.79 $ (2.59 €) |
2.83 $ (2.62 €) |
+1.2 % |
| Water (12 oz small bottle) |
2.22 $ (2.06 €) |
2.35 $ (2.18 €) |
+5.7 % |
Markets | Miami, FL Edit |
Palma de Mallorca Edit | |
| Milk (regular), (1 gallon) |
4.33 $ (4.01 €) |
4.00 $ (3.71 €) |
-7.4 % |
| Loaf of Fresh White Bread (1 lb) |
3.26 $ (3.02 €) |
1.40 $ (1.29 €) |
-57.2 % |
| Rice (white), (1 lb) |
2.09 $ (1.94 €) |
0.86 $ (0.79 €) |
-59.0 % |
| Eggs (regular) (12) |
4.09 $ (3.79 €) |
2.77 $ (2.57 €) |
-32.2 % |
| Local Cheese (1 lb) |
6.07 $ (5.63 €) |
6.45 $ (5.97 €) |
+6.1 % |
| Chicken Fillets (1 lb) |
5.30 $ (4.91 €) |
3.55 $ (3.29 €) |
-33.0 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
7.25 $ (6.71 €) |
6.52 $ (6.04 €) |
-10.0 % |
| Apples (1 lb) |
2.88 $ (2.67 €) |
0.87 $ (0.81 €) |
-69.7 % |
| Banana (1 lb) |
0.83 $ (0.76 €) |
0.90 $ (0.84 €) |
+9.2 % |
| Oranges (1 lb) |
1.98 $ (1.84 €) |
0.73 $ (0.68 €) |
-63.2 % |
| Tomato (1 lb) |
2.23 $ (2.07 €) |
1.18 $ (1.10 €) |
-47.0 % |
| Potato (1 lb) |
1.14 $ (1.06 €) |
0.74 $ (0.68 €) |
-35.2 % |
| Onion (1 lb) |
1.47 $ (1.36 €) |
0.84 $ (0.78 €) |
-42.4 % |
| Lettuce (1 head) |
2.74 $ (2.53 €) |
1.21 $ (1.12 €) |
-55.8 % |
| Water (1.5 liter bottle) |
2.24 $ (2.07 €) |
0.63 $ (0.59 €) |
-71.8 % |
| Bottle of Wine (Mid-Range) |
13.50 $ (12.50 €) |
7.56 $ (7.00 €) |
-44.0 % |
| Domestic Beer (0.5 liter bottle) |
2.03 $ (1.88 €) |
1.09 $ (1.01 €) |
-46.5 % |
| Imported Beer (12 oz small bottle) |
2.53 $ (2.35 €) |
1.72 $ (1.59 €) |
-32.1 % |
| Cigarettes 20 Pack (Marlboro) |
9.90 $ (9.17 €) |
5.94 $ (5.50 €) |
-40.0 % |
Transportation | Miami, FL Edit |
Palma de Mallorca Edit | |
| One-way Ticket (Local Transport) |
2.25 $ (2.08 €) |
2.16 $ (2.00 €) |
-4.0 % |
| Monthly Pass (Regular Price) |
113.75 $ (105.36 €) |
39.94 $ (37.00 €) |
-64.9 % |
| Taxi Start (Normal Tariff) |
2.98 $ (2.76 €) |
4.70 $ (4.35 €) |
+57.9 % |
| Taxi 1 mile (Normal Tariff) |
2.10 $ (1.95 €) |
5.21 $ (4.83 €) |
+148.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
24.00 $ (22.23 €) |
22.35 $ (20.70 €) |
-6.9 % |
| Gasoline (1 gallon) |
3.51 $ (3.25 €) |
6.80 $ (6.30 €) |
+93.9 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
35,000.00 $ (32,419.87 €) |
36,020.35 $ (33,365.00 €) |
+2.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
24,955.19 $ (23,115.55 €) |
25,100.35 $ (23,250.00 €) |
+0.6 % |
Utilities (Monthly) | Miami, FL Edit |
Palma de Mallorca Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
169.20 $ (156.73 €) |
232.35 $ (215.22 €) |
+37.3 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
63.16 $ (58.50 €) |
21.59 $ (20.00 €) |
-65.8 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
63.16 $ (58.50 €) |
38.37 $ (35.55 €) |
-39.2 % |
Sports And Leisure | Miami, FL Edit |
Palma de Mallorca Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
78.86 $ (73.04 €) |
54.82 $ (50.78 €) |
-30.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
23.86 $ (22.10 €) |
19.70 $ (18.25 €) |
-17.4 % |
| Cinema, International Release, 1 Seat |
15.00 $ (13.89 €) |
8.91 $ (8.25 €) |
-40.6 % |
Childcare | Miami, FL Edit |
Palma de Mallorca Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,162.50 $ (1,076.80 €) |
665.74 $ (616.67 €) |
-42.7 % |
| International Primary School, Yearly for 1 Child |
28,333.33 $ (26,244.66 €) |
11,897.02 $ (11,020.00 €) |
-58.0 % |
Clothing And Shoes | Miami, FL Edit |
Palma de Mallorca Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
50.35 $ (46.64 €) |
90.87 $ (84.17 €) |
+80.5 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
53.89 $ (49.92 €) |
58.48 $ (54.17 €) |
+8.5 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
83.00 $ (76.88 €) |
84.07 $ (77.88 €) |
+1.3 % |
| 1 Pair of Men Leather Business Shoes |
100.36 $ (92.96 €) |
108.63 $ (100.62 €) |
+8.2 % |
Rent Per Month | Miami, FL Edit |
Palma de Mallorca Edit | |
| Apartment (1 bedroom) in City Centre |
2,769.58 $ (2,565.42 €) |
1,086.33 $ (1,006.25 €) |
-60.8 % |
| Apartment (1 bedroom) Outside of Centre |
2,113.76 $ (1,957.94 €) |
929.64 $ (861.11 €) |
-56.0 % |
| Apartment (3 bedrooms) in City Centre |
5,437.97 $ (5,037.10 €) |
1,788.06 $ (1,656.25 €) |
-67.1 % |
| Apartment (3 bedrooms) Outside of Centre |
3,811.40 $ (3,530.43 €) |
1,457.44 $ (1,350.00 €) |
-61.8 % |
Buy Apartment Price | Miami, FL Edit |
Palma de Mallorca Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
605.52 $ (560.88 €) |
441.30 $ (408.77 €) |
-27.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
370.66 $ (343.34 €) |
299.22 $ (277.16 €) |
-19.3 % |
Salaries And Financing | Miami, FL Edit |
Palma de Mallorca Edit | |
| Average Monthly Net Salary (After Tax) |
4,206.58 $ (3,896.48 €) |
1,599.14 $ (1,481.25 €) |
-62.0 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.59 | 3.53 | -46.4 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 152 | 43 |
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