Cost of Living Comparison Between Miami, FL and Palma de Mallorca 

Indices DifferenceInfo
Consumer Prices in Palma de Mallorca are 29.7% lower than in Miami, FL (without rent)
Consumer Prices Including Rent in Palma de Mallorca are 43.7% lower than in Miami, FL
Rent Prices in Palma de Mallorca are 60.9% lower than in Miami, FL
Restaurant Prices in Palma de Mallorca are 42.8% lower than in Miami, FL
Groceries Prices in Palma de Mallorca are 32.0% lower than in Miami, FL
Local Purchasing Power in Palma de Mallorca is 30.5% lower than in Miami, FL
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Miami, FL Edit Palma de Mallorca Edit Difference
Meal, Inexpensive Restaurant 26.00 $
(23.95 €)
14.11 $
(13.00 €)
     -45.7 %
Meal for 2 People, Mid-range Restaurant, Three-course 110.00 $
(101.33 €)
54.28 $
(50.00 €)
     -50.7 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(11.05 €)
11.94 $
(11.00 €)
     -0.5 %
Domestic Beer (1 pint draught) 7.00 $
(6.45 €)
3.26 $
(3.00 €)
     -53.5 %
Imported Beer (12 oz small bottle) 8.00 $
(7.37 €)
4.34 $
(4.00 €)
     -45.7 %
Cappuccino (regular) 4.92 $
(4.53 €)
2.93 $
(2.70 €)
     -40.5 %
Coke/Pepsi (12 oz small bottle) 2.80 $
(2.58 €)
2.87 $
(2.65 €)
     +2.5 %
Water (12 oz small bottle) 2.23 $
(2.06 €)
2.50 $
(2.30 €)
     +11.9 %
Markets
Miami, FL Edit Palma de Mallorca Edit
Milk (regular), (1 gallon) 4.38 $
(4.03 €)
4.03 $
(3.72 €)
     -7.8 %
Loaf of Fresh White Bread (1 lb) 3.40 $
(3.13 €)
1.36 $
(1.25 €)
     -60.0 %
Rice (white), (1 lb) 1.74 $
(1.60 €)
0.83 $
(0.77 €)
     -52.1 %
Eggs (regular) (12) 3.96 $
(3.65 €)
3.02 $
(2.78 €)
     -23.7 %
Local Cheese (1 lb) 5.97 $
(5.50 €)
6.52 $
(6.01 €)
     +9.2 %
Chicken Fillets (1 lb) 5.29 $
(4.87 €)
3.76 $
(3.47 €)
     -28.9 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.30 $
(5.81 €)
6.86 $
(6.32 €)
     +8.8 %
Apples (1 lb) 2.68 $
(2.47 €)
0.87 $
(0.81 €)
     -67.4 %
Banana (1 lb) 0.86 $
(0.79 €)
0.97 $
(0.90 €)
     +12.8 %
Oranges (1 lb) 1.72 $
(1.58 €)
0.78 $
(0.71 €)
     -54.8 %
Tomato (1 lb) 2.12 $
(1.95 €)
1.27 $
(1.17 €)
     -40.0 %
Potato (1 lb) 1.07 $
(0.99 €)
0.70 $
(0.65 €)
     -34.4 %
Onion (1 lb) 1.43 $
(1.31 €)
0.92 $
(0.85 €)
     -35.5 %
Lettuce (1 head) 2.51 $
(2.31 €)
1.14 $
(1.05 €)
     -54.6 %
Water (1.5 liter bottle) 2.05 $
(1.89 €)
0.68 $
(0.62 €)
     -67.0 %
Bottle of Wine (Mid-Range) 13.00 $
(11.98 €)
6.51 $
(6.00 €)
     -49.9 %
Domestic Beer (0.5 liter bottle) 2.00 $
(1.84 €)
0.96 $
(0.88 €)
     -52.0 %
Imported Beer (12 oz small bottle) 2.37 $
(2.18 €)
1.67 $
(1.54 €)
     -29.4 %
Cigarettes 20 Pack (Marlboro) 9.00 $
(8.29 €)
5.97 $
(5.50 €)
     -33.7 %
Transportation
Miami, FL Edit Palma de Mallorca Edit
One-way Ticket (Local Transport) 2.25 $
(2.07 €)
2.17 $
(2.00 €)
     -3.5 %
Monthly Pass (Regular Price) 120.00 $
(110.54 €)
40.17 $
(37.00 €)
     -66.5 %
Taxi Start (Normal Tariff) 2.98 $
(2.74 €)
4.72 $
(4.35 €)
     +58.7 %
Taxi 1 mile (Normal Tariff) 2.00 $
(1.84 €)
5.24 $
(4.83 €)
     +162.1 %
Taxi 1hour Waiting (Normal Tariff) 32.50 $
(29.94 €)
23.23 $
(21.40 €)
     -28.5 %
Gasoline (1 gallon) 3.47 $
(3.20 €)
6.91 $
(6.37 €)
     +99.2 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 35,000.00 $
(32,240.74 €)
36,220.48 $
(33,365.00 €)
     +3.5 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,288.53 $
(23,294.88 €)
25,239.81 $
(23,250.00 €)
     -0.2 %
Utilities (Monthly)
Miami, FL Edit Palma de Mallorca Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 172.24 $
(158.66 €)
209.52 $
(193.00 €)
     +21.6 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 59.25 $
(54.58 €)
21.71 $
(20.00 €)
     -63.4 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 60.43 $
(55.66 €)
39.08 $
(36.00 €)
     -35.3 %
Sports And Leisure
Miami, FL Edit Palma de Mallorca Edit
Fitness Club, Monthly Fee for 1 Adult 88.40 $
(81.43 €)
55.23 $
(50.88 €)
     -37.5 %
Tennis Court Rent (1 Hour on Weekend) 23.86 $
(21.98 €)
19.00 $
(17.50 €)
     -20.4 %
Cinema, International Release, 1 Seat 15.50 $
(14.28 €)
8.96 $
(8.25 €)
     -42.2 %
Childcare
Miami, FL Edit Palma de Mallorca Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,147.22 $
(1,056.78 €)
669.44 $
(616.67 €)
     -41.6 %
International Primary School, Yearly for 1 Child 28,333.33 $
(26,099.65 €)
11,697.16 $
(10,775.00 €)
     -58.7 %
Clothing And Shoes
Miami, FL Edit Palma de Mallorca Edit
1 Pair of Jeans (Levis 501 Or Similar) 47.12 $
(43.41 €)
85.76 $
(79.00 €)
     +82.0 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 43.12 $
(39.73 €)
47.04 $
(43.33 €)
     +9.1 %
1 Pair of Nike Running Shoes (Mid-Range) 79.17 $
(72.93 €)
80.49 $
(74.14 €)
     +1.7 %
1 Pair of Men Leather Business Shoes 96.67 $
(89.05 €)
109.33 $
(100.71 €)
     +13.1 %
Rent Per Month
Miami, FL Edit Palma de Mallorca Edit
Apartment (1 bedroom) in City Centre 2,840.07 $
(2,616.17 €)
1,121.77 $
(1,033.33 €)
     -60.5 %
Apartment (1 bedroom) Outside of Centre 2,036.32 $
(1,875.78 €)
922.75 $
(850.00 €)
     -54.7 %
Apartment (3 bedrooms) in City Centre 5,236.62 $
(4,823.78 €)
1,818.35 $
(1,675.00 €)
     -65.3 %
Apartment (3 bedrooms) Outside of Centre 3,602.71 $
(3,318.68 €)
1,496.55 $
(1,378.57 €)
     -58.5 %
Buy Apartment Price
Miami, FL Edit Palma de Mallorca Edit
Price per Square Feet to Buy Apartment in City Centre 583.91 $
(537.88 €)
431.15 $
(397.16 €)
     -26.2 %
Price per Square Feet to Buy Apartment Outside of Centre 354.00 $
(326.09 €)
267.26 $
(246.19 €)
     -24.5 %
Salaries And Financing
Miami, FL Edit Palma de Mallorca Edit
Average Monthly Net Salary (After Tax) 4,348.99 $
(4,006.13 €)
1,699.62 $
(1,565.62 €)
     -60.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.57 3.50      -46.8 %
Last update: February 2024February 2024
Contributors in the past 12 months:14340