Island in Balearic Islands, Spain
Cost of living in Formentera
How much a month costs in Formentera
For one person, including rent. A comfortable month costs about $3,940–5,630 (€3,500–5,000).
Prices in Formentera
Typical 2026 ranges in EUR, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | EUR | US$ |
|---|---|---|
| Housing | ||
| Mid-range hotel room (night) | €110–300 | $124–338 |
| Food and drink | ||
| Local meal or street food | €12–18 | $14–20 |
| Mid-range restaurant, per person | €28–55 | $32–62 |
| Cappuccino | €2–4 | $2.3–4.5 |
| Local beer, 0.5 l in a bar | €3–5 | $3.4–5.6 |
| Getting around | ||
| Public transport, one ride | €2–4 | $2.3–4.5 |
| Ride-hailing or taxi, about 5 km | €12–20 | $14–23 |
| Work and life | ||
| Mobile data, 20–50 GB (month) | €10–25 | $11–28 |
Value for money: 7/100
A value score of 7/100 means Formentera gives more quality of life per dollar than 6% of the 1,319 places we cover. Quality here scores 86/100. It's the 37th most affordable of 37 places we cover in Spain.
| Quality factor | Score |
|---|---|
| Safety | |
| Air quality | |
| Internet | |
| Healthcare | |
| Weather | |
| Friendly locals | |
| English |
Cost of living across Spain
One person, comfortable lifestyle, including rent.
| Place | Comfortable month | Value |
|---|---|---|
| Santiago de Compostela | $1,580–2,250 | 66/100 |
| Granada | $1,690–2,360 | 57/100 |
| Córdoba | $1,690–2,360 | 60/100 |
| Toledo | $1,690–2,360 | 62/100 |
| Cádiz | $1,690–2,480 | 56/100 |
| Benidorm | $1,690–2,480 | 58/100 |
| Seville | $1,910–2,700 | 47/100 |
| Gran Canaria | $1,910–2,700 | 52/100 |
| Las Palmas | $1,910–2,700 | 51/100 |
| Alicante | $1,910–2,700 | 45/100 |
| Fuerteventura | $1,910–2,700 | 50/100 |
| Costa Blanca | $1,910–2,700 | — |
| Maspalomas | $1,910–2,700 | 52/100 |
| Lanzarote | $2,030–2,810 | 47/100 |
| Tenerife | $2,030–2,930 | 44/100 |
| Costa Brava | $2,030–2,930 | — |
| Valencia | $2,140–3,040 | 36/100 |
| Costa del Sol | $2,140–3,040 | — |
| Málaga | $2,250–3,150 | 36/100 |
| Bilbao | $2,360–3,260 | 35/100 |
| Madrid | $2,480–3,380 | 25/100 |
| Menorca | $2,480–3,600 | 30/100 |
| Sitges | $2,480–3,600 | 25/100 |
| Marbella | $2,590–3,710 | 24/100 |
| Barcelona | $2,700–3,710 | 22/100 |
| Mallorca | $2,700–3,710 | 22/100 |
| Palma | $2,700–3,710 | 22/100 |
| San Sebastián | $2,930–4,050 | 21/100 |
| Ibiza | $3,150–4,500 | 13/100 |
| Formentera | $3,940–5,630 | 7/100 |
Cheaper alternatives to Formentera
Similar safety, lower cost, in Europe.
| Place | Country | Comfortable month |
|---|---|---|
| Sibiu | Romania | $1,160–1,690 |
| Santiago de Compostela | Spain | $1,580–2,250 |
| Toledo | Spain | $1,690–2,360 |
| Córdoba | Spain | $1,690–2,360 |
| Coimbra | Portugal | $1,800–2,590 |
Quick answers
How much money do you need per month in Formentera?
About $2,030–2,930 on a lean budget, $3,940–5,630 for a comfortable month and $7,880–13,500 for a luxury one, rent included.
How much does food cost in Formentera?
A local meal is €12–18 ($14–20); a mid-range restaurant is €28–55 ($32–62) per person.
Is Spain expensive?
Prices in Spain are about 64% of US price levels (World Bank PPP).
More about Formentera
Going to Formentera solo?
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Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- Baleària ferries
- Formentera tourism
- Ibiza Airport (Aena)
Prices are SoloSquare estimates for 2026, reviewed against official and operator prices where available. Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.