How much a month costs in Palma
For one person, including rent. A comfortable month costs about $2,700–3,710 (€2,400–3,300).
Prices in Palma
Typical 2026 ranges in EUR, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | EUR | US$ |
|---|---|---|
| Housing | ||
| 1-bedroom apartment, center (month) | €1,200–2,000 | $1,350–2,250 |
| 1-bedroom apartment, outside center (month) | €900–1,400 | $1,010–1,580 |
| Hostel dorm bed (night) | €28–55 | $32–62 |
| Mid-range hotel room (night) | €110–230 | $124–259 |
| Food and drink | ||
| Local meal or street food | €11–16 | $12.4–18.0 |
| Mid-range restaurant, per person | €22–40 | $25–45 |
| Cappuccino | €2–4 | $2.3–4.5 |
| Local beer, 0.5 l in a bar | €4–6 | $4.5–6.8 |
| Getting around | ||
| Public transport, one ride | €2–3 | $2.3–3.4 |
| Ride-hailing or taxi, about 5 km | €8–15 | $9.0–16.9 |
| Work and life | ||
| Gym membership (month) | €35–70 | $39–79 |
| Mobile data, 20–50 GB (month) | €10–25 | $11–28 |
Value for money: 22/100
A value score of 22/100 means Palma gives more quality of life per dollar than 21% of the 1,319 places we cover. Quality here scores 79/100. It's the 34th 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 |
|---|---|---|
| Salamanca | $1,460–2,140 | 71/100 |
| 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 |
Cheaper alternatives to Palma
Similar safety, lower cost, in Europe.
Quick answers
How much money do you need per month in Palma?
About $1,690–2,250 on a lean budget, $2,700–3,710 for a comfortable month and $5,060–8,440 for a luxury one, rent included.
How much is rent in Palma?
A furnished 1-bedroom apartment costs €1,200–2,000 ($1,350–2,250) a month in the center and €900–1,400 ($1,010–1,580) outside it.
How much does food cost in Palma?
A local meal is €11–16 ($12.4–18.0); a mid-range restaurant is €22–40 ($25–45) per person.
Is Spain expensive?
Prices in Spain are about 64% of US price levels (World Bank PPP).
More about Palma
Going to Palma solo?
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Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- EMT Palma
- TIB Mallorca
- Palma Airport (Aena)
- Illes Balears tourism
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.