Cost of Living Comparison Between New York, NY and Palma de Mallorca 

Indices DifferenceInfo
Consumer Prices in Palma de Mallorca are 46.9% lower than in New York, NY (without rent)
Consumer Prices Including Rent in Palma de Mallorca are 60.0% lower than in New York, NY
Rent Prices in Palma de Mallorca are 74.3% lower than in New York, NY
Restaurant Prices in Palma de Mallorca are 51.6% lower than in New York, NY
Groceries Prices in Palma de Mallorca are 53.3% lower than in New York, NY
Local Purchasing Power in Palma de Mallorca is 32.4% lower than in New York, NY
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
New York, NY Edit Palma de Mallorca Edit Difference
Meal, Inexpensive Restaurant 30.00 $
(28.14 €)
13.86 $
(13.00 €)
     -53.8 %
Meal for 2 People, Mid-range Restaurant, Three-course 130.00 $
(121.92 €)
53.31 $
(50.00 €)
     -59.0 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(11.25 €)
11.73 $
(11.00 €)
     -2.3 %
Domestic Beer (1 pint draught) 8.00 $
(7.50 €)
3.20 $
(3.00 €)
     -60.0 %
Imported Beer (12 oz small bottle) 10.50 $
(9.85 €)
4.27 $
(4.00 €)
     -59.4 %
Cappuccino (regular) 5.56 $
(5.21 €)
2.82 $
(2.65 €)
     -49.3 %
Coke/Pepsi (12 oz small bottle) 3.02 $
(2.83 €)
2.79 $
(2.62 €)
     -7.3 %
Water (12 oz small bottle) 2.29 $
(2.14 €)
2.21 $
(2.08 €)
     -3.3 %
Markets
New York, NY Edit Palma de Mallorca Edit
Milk (regular), (1 gallon) 5.82 $
(5.45 €)
3.96 $
(3.72 €)
     -31.9 %
Loaf of Fresh White Bread (1 lb) 4.29 $
(4.02 €)
1.23 $
(1.16 €)
     -71.2 %
Rice (white), (1 lb) 3.25 $
(3.05 €)
0.83 $
(0.78 €)
     -74.3 %
Eggs (regular) (12) 5.46 $
(5.12 €)
2.92 $
(2.74 €)
     -46.6 %
Local Cheese (1 lb) 7.65 $
(7.18 €)
6.29 $
(5.90 €)
     -17.9 %
Chicken Fillets (1 lb) 7.13 $
(6.69 €)
3.57 $
(3.34 €)
     -50.0 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.04 $
(8.48 €)
6.62 $
(6.21 €)
     -26.8 %
Apples (1 lb) 3.14 $
(2.95 €)
0.86 $
(0.81 €)
     -72.7 %
Banana (1 lb) 0.93 $
(0.87 €)
0.92 $
(0.86 €)
     -0.8 %
Oranges (1 lb) 2.70 $
(2.54 €)
0.68 $
(0.64 €)
     -74.7 %
Tomato (1 lb) 2.82 $
(2.64 €)
1.18 $
(1.11 €)
     -58.1 %
Potato (1 lb) 1.93 $
(1.81 €)
0.66 $
(0.62 €)
     -66.0 %
Onion (1 lb) 1.71 $
(1.61 €)
0.85 $
(0.79 €)
     -50.6 %
Lettuce (1 head) 2.88 $
(2.70 €)
1.17 $
(1.10 €)
     -59.2 %
Water (1.5 liter bottle) 2.43 $
(2.28 €)
0.68 $
(0.64 €)
     -72.1 %
Bottle of Wine (Mid-Range) 20.00 $
(18.76 €)
8.00 $
(7.50 €)
     -60.0 %
Domestic Beer (0.5 liter bottle) 2.53 $
(2.37 €)
1.03 $
(0.97 €)
     -59.1 %
Imported Beer (12 oz small bottle) 3.83 $
(3.59 €)
1.64 $
(1.54 €)
     -57.1 %
Cigarettes 20 Pack (Marlboro) 17.00 $
(15.94 €)
5.86 $
(5.50 €)
     -65.5 %
Transportation
New York, NY Edit Palma de Mallorca Edit
One-way Ticket (Local Transport) 2.90 $
(2.72 €)
2.13 $
(2.00 €)
     -26.5 %
Monthly Pass (Regular Price) 132.00 $
(123.80 €)
39.45 $
(37.00 €)
     -70.1 %
Taxi Start (Normal Tariff) 5.00 $
(4.69 €)
4.48 $
(4.20 €)
     -10.4 %
Taxi 1 mile (Normal Tariff) 3.50 $
(3.28 €)
4.29 $
(4.02 €)
     +22.6 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(28.14 €)
22.82 $
(21.40 €)
     -23.9 %
Gasoline (1 gallon) 3.87 $
(3.63 €)
6.74 $
(6.32 €)
     +74.4 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 28,000.00 $
(26,260.25 €)
35,575.44 $
(33,365.00 €)
     +27.1 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,053.26 $
(25,372.34 €)
24,790.32 $
(23,250.00 €)
     -8.4 %
Utilities (Monthly)
New York, NY Edit Palma de Mallorca Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 171.61 $
(160.95 €)
217.64 $
(204.11 €)
     +26.8 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 61.68 $
(57.85 €)
21.33 $
(20.00 €)
     -65.4 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 70.06 $
(65.71 €)
38.49 $
(36.10 €)
     -45.1 %
Sports And Leisure
New York, NY Edit Palma de Mallorca Edit
Fitness Club, Monthly Fee for 1 Adult 132.14 $
(123.93 €)
54.25 $
(50.88 €)
     -58.9 %
Tennis Court Rent (1 Hour on Weekend) 74.17 $
(69.56 €)
18.77 $
(17.60 €)
     -74.7 %
Cinema, International Release, 1 Seat 20.00 $
(18.76 €)
8.53 $
(8.00 €)
     -57.3 %
Childcare
New York, NY Edit Palma de Mallorca Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,065.64 $
(2,875.16 €)
657.52 $
(616.67 €)
     -78.6 %
International Primary School, Yearly for 1 Child 63,250.00 $
(59,320.02 €)
11,488.85 $
(10,775.00 €)
     -81.8 %
Clothing And Shoes
New York, NY Edit Palma de Mallorca Edit
1 Pair of Jeans (Levis 501 Or Similar) 68.82 $
(64.55 €)
87.79 $
(82.33 €)
     +27.6 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 45.42 $
(42.60 €)
51.54 $
(48.33 €)
     +13.5 %
1 Pair of Nike Running Shoes (Mid-Range) 97.00 $
(90.97 €)
82.86 $
(77.71 €)
     -14.6 %
1 Pair of Men Leather Business Shoes 165.86 $
(155.56 €)
99.77 $
(93.57 €)
     -39.8 %
Rent Per Month
New York, NY Edit Palma de Mallorca Edit
Apartment (1 bedroom) in City Centre 4,162.14 $
(3,903.53 €)
1,086.24 $
(1,018.75 €)
     -73.9 %
Apartment (1 bedroom) Outside of Centre 2,912.38 $
(2,731.42 €)
888.54 $
(833.33 €)
     -69.5 %
Apartment (3 bedrooms) in City Centre 8,432.88 $
(7,908.92 €)
1,744.08 $
(1,635.71 €)
     -79.3 %
Apartment (3 bedrooms) Outside of Centre 4,431.43 $
(4,156.09 €)
1,406.12 $
(1,318.75 €)
     -68.3 %
Buy Apartment Price
New York, NY Edit Palma de Mallorca Edit
Price per Square Feet to Buy Apartment in City Centre 1,698.83 $
(1,593.28 €)
408.12 $
(382.76 €)
     -76.0 %
Price per Square Feet to Buy Apartment Outside of Centre 1,192.75 $
(1,118.64 €)
260.85 $
(244.64 €)
     -78.1 %
Salaries And Financing
New York, NY Edit Palma de Mallorca Edit
Average Monthly Net Salary (After Tax) 5,892.00 $
(5,525.91 €)
1,592.71 $
(1,493.75 €)
     -73.0 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.67 3.50      -47.5 %
Last update: April 2024March 2024
Contributors in the past 12 months:50142