Cost of Living Comparison Between Miami, FL and Palma de Mallorca 
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| Indices Difference |  |
|---|---|
| Consumer Prices in Palma de Mallorca are 30.5% lower than in Miami, FL (without rent) | |
| Consumer Prices Including Rent in Palma de Mallorca are 45.5% lower than in Miami, FL | |
| Rent Prices in Palma de Mallorca are 63.4% lower than in Miami, FL | |
| Restaurant Prices in Palma de Mallorca are 39.2% 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 31.1% lower than in Miami, FL | |
Restaurants | Miami, FL Edit |
Palma de Mallorca Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 $ (23.18 €) |
14.56 $ (13.50 €) |
-41.8 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 $ (92.72 €) |
53.93 $ (50.00 €) |
-46.1 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
12.00 $ (11.13 €) |
12.40 $ (11.50 €) |
+3.4 % |
| Domestic Beer (1 pint draught) |
7.00 $ (6.49 €) |
3.24 $ (3.00 €) |
-53.8 % |
| Imported Beer (12 oz small bottle) |
8.00 $ (7.42 €) |
4.31 $ (4.00 €) |
-46.1 % |
| Cappuccino (regular) |
4.89 $ (4.53 €) |
2.98 $ (2.76 €) |
-39.1 % |
| Coke/Pepsi (12 oz small bottle) |
2.79 $ (2.59 €) |
2.79 $ (2.59 €) |
-0.2 % |
| Water (12 oz small bottle) |
2.23 $ (2.07 €) |
2.24 $ (2.08 €) |
+0.2 % |
Markets | Miami, FL Edit |
Palma de Mallorca Edit | |
| Milk (regular), (1 gallon) |
4.36 $ (4.04 €) |
4.01 $ (3.72 €) |
-8.1 % |
| Loaf of Fresh White Bread (1 lb) |
3.26 $ (3.03 €) |
1.25 $ (1.16 €) |
-61.8 % |
| Rice (white), (1 lb) |
2.20 $ (2.04 €) |
0.82 $ (0.76 €) |
-62.5 % |
| Eggs (regular) (12) |
4.09 $ (3.79 €) |
2.95 $ (2.74 €) |
-27.8 % |
| Local Cheese (1 lb) |
6.01 $ (5.57 €) |
6.36 $ (5.90 €) |
+5.8 % |
| Chicken Fillets (1 lb) |
5.25 $ (4.87 €) |
3.61 $ (3.34 €) |
-31.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
7.14 $ (6.62 €) |
6.70 $ (6.21 €) |
-6.2 % |
| Apples (1 lb) |
2.88 $ (2.67 €) |
0.87 $ (0.81 €) |
-69.9 % |
| Banana (1 lb) |
0.86 $ (0.80 €) |
0.93 $ (0.86 €) |
+8.2 % |
| Oranges (1 lb) |
2.07 $ (1.92 €) |
0.69 $ (0.64 €) |
-66.6 % |
| Tomato (1 lb) |
2.31 $ (2.14 €) |
1.19 $ (1.11 €) |
-48.3 % |
| Potato (1 lb) |
1.13 $ (1.05 €) |
0.66 $ (0.62 €) |
-41.2 % |
| Onion (1 lb) |
1.47 $ (1.36 €) |
0.86 $ (0.79 €) |
-41.7 % |
| Lettuce (1 head) |
2.72 $ (2.52 €) |
1.19 $ (1.10 €) |
-56.3 % |
| Water (1.5 liter bottle) |
2.24 $ (2.07 €) |
0.68 $ (0.64 €) |
-69.4 % |
| Bottle of Wine (Mid-Range) |
13.00 $ (12.05 €) |
8.09 $ (7.50 €) |
-37.8 % |
| Domestic Beer (0.5 liter bottle) |
2.08 $ (1.93 €) |
1.05 $ (0.97 €) |
-49.7 % |
| Imported Beer (12 oz small bottle) |
2.53 $ (2.35 €) |
1.66 $ (1.54 €) |
-34.4 % |
| Cigarettes 20 Pack (Marlboro) |
9.45 $ (8.76 €) |
5.93 $ (5.50 €) |
-37.2 % |
Transportation | Miami, FL Edit |
Palma de Mallorca Edit | |
| One-way Ticket (Local Transport) |
2.25 $ (2.09 €) |
2.16 $ (2.00 €) |
-4.1 % |
| Monthly Pass (Regular Price) |
115.00 $ (106.62 €) |
39.91 $ (37.00 €) |
-65.3 % |
| Taxi Start (Normal Tariff) |
2.98 $ (2.76 €) |
4.53 $ (4.20 €) |
+52.3 % |
| Taxi 1 mile (Normal Tariff) |
2.10 $ (1.95 €) |
4.34 $ (4.02 €) |
+106.6 % |
| Taxi 1hour Waiting (Normal Tariff) |
24.00 $ (22.25 €) |
23.08 $ (21.40 €) |
-3.8 % |
| Gasoline (1 gallon) |
3.50 $ (3.24 €) |
6.82 $ (6.32 €) |
+95.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
35,000.00 $ (32,450.98 €) |
35,985.81 $ (33,365.00 €) |
+2.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
24,955.19 $ (23,137.73 €) |
25,076.28 $ (23,250.00 €) |
+0.5 % |
Utilities (Monthly) | Miami, FL Edit |
Palma de Mallorca Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
169.20 $ (156.88 €) |
220.15 $ (204.11 €) |
+30.1 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
61.47 $ (57.00 €) |
21.57 $ (20.00 €) |
-64.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
63.23 $ (58.63 €) |
38.94 $ (36.10 €) |
-38.4 % |
Sports And Leisure | Miami, FL Edit |
Palma de Mallorca Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
68.07 $ (63.11 €) |
54.87 $ (50.88 €) |
-19.4 % |
| Tennis Court Rent (1 Hour on Weekend) |
23.38 $ (21.67 €) |
19.68 $ (18.25 €) |
-15.8 % |
| Cinema, International Release, 1 Seat |
15.00 $ (13.91 €) |
8.63 $ (8.00 €) |
-42.5 % |
Childcare | Miami, FL Edit |
Palma de Mallorca Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,162.50 $ (1,077.84 €) |
665.11 $ (616.67 €) |
-42.8 % |
| International Primary School, Yearly for 1 Child |
28,333.33 $ (26,269.84 €) |
11,621.37 $ (10,775.00 €) |
-59.0 % |
Clothing And Shoes | Miami, FL Edit |
Palma de Mallorca Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
48.29 $ (44.78 €) |
88.80 $ (82.33 €) |
+83.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
48.89 $ (45.33 €) |
52.13 $ (48.33 €) |
+6.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
81.58 $ (75.64 €) |
83.82 $ (77.71 €) |
+2.7 % |
| 1 Pair of Men Leather Business Shoes |
96.43 $ (89.41 €) |
100.92 $ (93.57 €) |
+4.7 % |
Rent Per Month | Miami, FL Edit |
Palma de Mallorca Edit | |
| Apartment (1 bedroom) in City Centre |
2,798.70 $ (2,594.87 €) |
1,098.77 $ (1,018.75 €) |
-60.7 % |
| Apartment (1 bedroom) Outside of Centre |
2,125.83 $ (1,971.01 €) |
898.79 $ (833.33 €) |
-57.7 % |
| Apartment (3 bedrooms) in City Centre |
5,418.28 $ (5,023.67 €) |
1,764.20 $ (1,635.71 €) |
-67.4 % |
| Apartment (3 bedrooms) Outside of Centre |
3,789.66 $ (3,513.66 €) |
1,422.34 $ (1,318.75 €) |
-62.5 % |
Buy Apartment Price | Miami, FL Edit |
Palma de Mallorca Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
575.52 $ (533.60 €) |
412.82 $ (382.76 €) |
-28.3 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
359.55 $ (333.37 €) |
263.86 $ (244.64 €) |
-26.6 % |
Salaries And Financing | Miami, FL Edit |
Palma de Mallorca Edit | |
| Average Monthly Net Salary (After Tax) |
4,206.58 $ (3,900.22 €) |
1,579.30 $ (1,464.29 €) |
-62.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.56 | 3.50 | -46.6 % |
| Last update: | May 2024 | March 2024 | |
| Contributors in the past 12 months: | 147 | 42 |
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