Cost of Living in Palma de Mallorca

Summary of cost of living in Palma de Mallorca, Spain:

Restaurants
Edit Range
Meal, Inexpensive Restaurant 13.00 € 12.00-20.00
Meal for 2 People, Mid-range Restaurant, Three-course 50.00 € 40.00-70.00
McMeal at McDonalds (or Equivalent Combo Meal) 11.00 € 10.00-12.00
Domestic Beer (1 pint draught) 3.00 € 2.40-5.00
Imported Beer (12 oz small bottle) 4.00 € 3.00-5.00
Cappuccino (regular) 2.70 € 1.50-3.50
Coke/Pepsi (12 oz small bottle) 2.65 € 2.00-3.00
Water (12 oz small bottle) 2.30 € 1.80-3.00
Markets
Edit
Milk (regular), (1 gallon) 3.72 € 3.41-3.97
Loaf of Fresh White Bread (1 lb) 1.25 € 0.68-2.37
Rice (white), (1 lb) 0.77 € 0.45-0.91
Eggs (regular) (12) 2.78 € 1.20-4.00
Local Cheese (1 lb) 6.01 € 3.21-6.35
Chicken Fillets (1 lb) 3.47 € 1.81-4.08
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.32 € 4.54-7.48
Apples (1 lb) 0.81 € 0.59-0.91
Banana (1 lb) 0.90 € 0.66-1.13
Oranges (1 lb) 0.71 € 0.52-0.82
Tomato (1 lb) 1.17 € 0.86-1.36
Potato (1 lb) 0.65 € 0.45-1.13
Onion (1 lb) 0.85 € 0.45-0.91
Lettuce (1 head) 1.05 € 0.85-2.00
Water (1.5 liter bottle) 0.62 € 0.40-0.90
Bottle of Wine (Mid-Range) 6.00 € 4.50-8.00
Domestic Beer (0.5 liter bottle) 0.88 € 0.70-1.00
Imported Beer (12 oz small bottle) 1.54 € 1.10-2.00
Cigarettes 20 Pack (Marlboro) 5.50 € 5.00-6.00
Transportation
Edit
One-way Ticket (Local Transport) 2.00 € 0.00-2.00
Monthly Pass (Regular Price) 37.00 € 28.00-40.00
Taxi Start (Normal Tariff) 4.35 € 4.00-5.00
Taxi 1 mile (Normal Tariff) 4.83 € 3.22-4.83
Taxi 1hour Waiting (Normal Tariff) 21.40 € 10.00-40.00
Gasoline (1 gallon) 6.37 € 5.79-8.21
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,365.00 € 25,000.00-33,365.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 23,250.00 € 20,000.00-24,000.00
Utilities (Monthly)
Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 193.00 € 120.00-250.00
Mobile Phone Monthly Plan with Calls and 10GB+ Data 20.00 € 15.00-20.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 36.00 € 30.00-50.00
Sports And Leisure
Edit
Fitness Club, Monthly Fee for 1 Adult 50.88 € 40.00-75.00
Tennis Court Rent (1 Hour on Weekend) 17.50 € 15.00-19.00
Cinema, International Release, 1 Seat 8.25 € 7.50-9.00
Childcare
Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 616.67 € 400.00-833.33
International Primary School, Yearly for 1 Child 10,775.00 € 6,600.00-18,000.00
Clothing And Shoes
Edit
1 Pair of Jeans (Levis 501 Or Similar) 79.00 € 60.00-90.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 43.33 € 30.00-50.00
1 Pair of Nike Running Shoes (Mid-Range) 74.14 € 60.00-85.00
1 Pair of Men Leather Business Shoes 100.71 € 70.00-150.00
Rent Per Month
Edit
Apartment (1 bedroom) in City Centre 1,033.33 € 900.00-1,200.00
Apartment (1 bedroom) Outside of Centre 850.00 € 750.00-1,000.00
Apartment (3 bedrooms) in City Centre 1,710.00 € 1,600.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,378.57 € 1,200.00-1,600.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 397.16 € 371.61-696.77
Price per Square Feet to Buy Apartment Outside of Centre 246.19 € 185.80-371.61
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 1,565.62 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.50 2.00-4.50

Prices in Palma de Mallorca

This city had 371 entries in the past 12 months by 39 different contributors.
Last update: February 2024
Sources and References
Distribution of Expenses Using Our Statistical Model:
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6 Comments so far
HaChris on Jan 25, 2024:
If the rental of 1-bedroom apartment is 975.00 and salary average 1.565, how can reantal only be 30% in your distribution of expences?
Tony on Nov 18, 2022:
Cost of living in Mallorca much higher than you print
Anonymous on Jun 13, 2021:
How are the schools in Mallorca
My husband & I have two amazing young boys, currently following an English (UK) Cambridge system & have Spanish as a 2nd language as being half Spanish. We’d like to know they the quality of school systems there & if there are predominantly English/ Internationally recognized schools for them to school in.
Requirements of schools can range from mid to high quality.
EJW on Jan 10, 2021:
LOL I guess I shouldn't comment on another post but HOW does anyone spend 4000 euros on food for two for 1 week anywhere? Please explain.
Z on Dec 31, 2020:
I was there for a week and paid for food alone 4k Euro, two adults.

Probably depends on the quality you expect, I expect good.

If you really want to know if you can afford to live there happily, I recommend going on vacation and see for your self.

Could be a lot cheaper if you plan to make food yourself but that's a poor retirement. Better invest money and retire when you can afford better.

Cheers!
Leonard on Sep 05, 2020:
My wife and I are retired and want to live out the rest of our life's in a WARM and SUNNY Beach inviroment..Like Santa Ponsa or Paquera Spain maybe even Palma de'Mallorca . Between the two of us we receive approximately $3.775.00 A mouth in retirement pay.. Would it be doable for the two us to live comfortably please let me know what you think.. Thank you very much.Mr Kozerski