Cost of Living in Palma de Mallorca, Spain
Palma de Mallorca has a cost of living index of 65/100 (New York = 100). It is 35% cheaper than New York. Data sourced live via AI — updated regularly.
Cost Breakdown by Category
Digital Nomad Profile
Best neighborhoods: Santa Catalina, Old Town, Portixol
Frequently Asked Questions
Is Palma de Mallorca cheap to live in?
Palma de Mallorca has a cost of living index of 65/100, where New York = 100. It is 35% cheaper than New York. A single person can live comfortably for approximately $1,300–$1,820 per month.
How much does rent cost in Palma de Mallorca?
A 1-bedroom apartment in the city center of Palma de Mallorca costs approximately $1,050/month. Outside the center, expect to pay around $750/month.
Is Palma de Mallorca good for digital nomads?
Palma de Mallorca has a growing digital nomad community. Average internet speed is 120 Mbps, café wifi reliability is good, and coworking spaces run about $220/month. English proficiency is moderate.
What is the average salary in Palma de Mallorca?
The median net monthly salary in Palma de Mallorca is approximately $2,800 USD. The income tax rate is around 19%.
How does Palma de Mallorca compare to New York for cost of living?
Palma de Mallorca (cost index 65) is 35% cheaper than New York (cost index 100). You could save roughly $875/month by moving from New York to Palma de Mallorca.
Compare Palma de Mallorca with another city
See exactly how Palma de Mallorca stacks up against your current city or next destination.
Free to start · No credit card needed