Cost of Living Comparison Between Helsinki and Palma de Mallorca 

Indices DifferenceInfo
Consumer Prices in Palma de Mallorca are 22.4% lower than in Helsinki (without rent)
Consumer Prices Including Rent in Palma de Mallorca are 21.4% lower than in Helsinki
Rent Prices in Palma de Mallorca are 18.9% lower than in Helsinki
Restaurant Prices in Palma de Mallorca are 28.1% lower than in Helsinki
Groceries Prices in Palma de Mallorca are 30.2% lower than in Helsinki
Local Purchasing Power in Palma de Mallorca is 33.2% lower than in Helsinki
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Helsinki Edit Palma de Mallorca Edit Difference
Meal, Inexpensive Restaurant 13.60 € 12.25 €      -9.9 %
Meal for 2 People, Mid-range Restaurant, Three-course 80.00 € 55.00 €      -31.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 9.45 € 8.00 €      -15.3 %
Domestic Beer (1 pint draught) 7.75 € 2.50 €      -67.7 %
Imported Beer (12 oz small bottle) 8.00 € 3.25 €      -59.4 %
Cappuccino (regular) 4.20 € 2.12 €      -49.5 %
Coke/Pepsi (12 oz small bottle) 2.50 € 2.06 €      -17.8 %
Water (12 oz small bottle) 1.68 € 1.56 €      -6.8 %
Markets
Helsinki Edit Palma de Mallorca Edit
Milk (regular), (1 gallon) 3.88 € 3.59 €      -7.6 %
Loaf of Fresh White Bread (1 lb) 2.06 € 0.83 €      -59.8 %
Rice (white), (1 lb) 0.99 € 0.76 €      -23.2 %
Eggs (regular) (12) 2.71 € 2.58 €      -4.6 %
Local Cheese (1 lb) 3.34 € 4.96 €      +48.6 %
Chicken Fillets (1 lb) 4.73 € 2.74 €      -42.1 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.36 € 4.84 €      -42.1 %
Apples (1 lb) 1.01 € 0.91 €      -10.6 %
Banana (1 lb) 0.74 € 0.96 €      +30.7 %
Oranges (1 lb) 0.95 € 0.74 €      -22.1 %
Tomato (1 lb) 1.71 € 0.91 €      -46.9 %
Potato (1 lb) 0.46 € 0.53 €      +14.8 %
Onion (1 lb) 0.64 € 0.56 €      -12.9 %
Lettuce (1 head) 1.83 € 1.17 €      -36.1 %
Water (1.5 liter bottle) 1.64 € 0.75 €      -54.1 %
Bottle of Wine (Mid-Range) 12.00 € 5.00 €      -58.3 %
Domestic Beer (0.5 liter bottle) 2.72 € 0.91 €      -66.7 %
Imported Beer (12 oz small bottle) 2.89 € 1.40 €      -51.5 %
Cigarettes 20 Pack (Marlboro) 9.70 € 5.05 €      -47.9 %
Transportation
Helsinki Edit Palma de Mallorca Edit
One-way Ticket (Local Transport) 3.10 € 2.00 €      -35.5 %
Monthly Pass (Regular Price) 65.00 € 37.00 €      -43.1 %
Taxi Start (Normal Tariff) 7.00 € 3.50 €      -50.0 %
Taxi 1 mile (Normal Tariff) 1.93 € 1.87 €      -2.9 %
Taxi 1hour Waiting (Normal Tariff) 53.40 € 22.00 €      -58.8 %
Gasoline (1 gallon) 8.01 € 6.40 €      -20.1 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 32,000.00 € 19,000.00 €      -40.6 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 30,839.50 € 21,750.00 €      -29.5 %
Utilities (Monthly)
Helsinki Edit Palma de Mallorca Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 96.20 € 170.36 €      +77.1 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.06 € 0.27 €      +325.0 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 18.49 € 37.67 €      +103.7 %
Sports And Leisure
Helsinki Edit Palma de Mallorca Edit
Fitness Club, Monthly Fee for 1 Adult 33.89 € 54.62 €      +61.2 %
Tennis Court Rent (1 Hour on Weekend) 27.50 € 15.67 €      -43.0 %
Cinema, International Release, 1 Seat 15.50 € 7.50 €      -51.6 %
Childcare
Helsinki Edit Palma de Mallorca Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 344.22 € 349.83 €      +1.6 %
International Primary School, Yearly for 1 Child 4,960.00 € 12,200.00 €      +146.0 %
Clothing And Shoes
Helsinki Edit Palma de Mallorca Edit
1 Pair of Jeans (Levis 501 Or Similar) 84.32 € 72.33 €      -14.2 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 34.80 € 35.83 €      +3.0 %
1 Pair of Nike Running Shoes (Mid-Range) 72.42 € 66.12 €      -8.7 %
1 Pair of Men Leather Business Shoes 107.96 € 98.33 €      -8.9 %
Rent Per Month
Helsinki Edit Palma de Mallorca Edit
Apartment (1 bedroom) in City Centre 967.43 € 833.33 €      -13.9 %
Apartment (1 bedroom) Outside of Centre 775.80 € 687.50 €      -11.4 %
Apartment (3 bedrooms) in City Centre 1,887.78 € 1,381.25 €      -26.8 %
Apartment (3 bedrooms) Outside of Centre 1,335.38 € 1,125.00 €      -15.8 %
Buy Apartment Price
Helsinki Edit Palma de Mallorca Edit
Price per Square Feet to Buy Apartment in City Centre 672.30 € 374.71 €      -44.3 %
Price per Square Feet to Buy Apartment Outside of Centre 382.68 € 233.80 €      -38.9 %
Salaries And Financing
Helsinki Edit Palma de Mallorca Edit
Average Monthly Net Salary (After Tax) 3,042.90 € 1,596.43 €      -47.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.18 2.97      +152.0 %
Last update: March 2023March 2023
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