Cost of living in Palma de Mallorca
Palma de Mallorca, the capital of the Balearic Islands in Spain, is known for its stunning beaches, vibrant culture, and historical landmarks. Understanding the cost of living in this picturesque city is crucial for anyone considering relocating or planning an extended stay.
The cost of living in Palma de Mallorca encompasses various aspects such as dining, groceries, transportation, housing, and utilities. This comprehensive guide provides insights into the average expenses you can expect in 2024.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $14.75 on average, with a range between $12.64 and $21.07.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $52.68, with prices ranging from $42.15 to $68.49.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12.64, with a range between $10.54 and $12.64.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.53 to $5.27, imported beer $2.63 to $5.27, cappuccino $2.11 to $3.69, and Coke/Pepsi $2.11 to $3.16.
Grocery Prices
- Milk - Milk is priced between $0.95 and $1.37 per liter, averaging $1.05.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.79 and $2.75, with an average price of $1.41.
- Eggs (Dozen) - A dozen eggs range from $1.26 to $4.21, averaging $2.92.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.37 to $2.16 per kg, while oranges range from $1.05 to $1.9 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.84 and $2 per kg, and lettuce costs $0.9 to $2.11 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs up to $2.11, with a monthly pass priced between $0 and $94.83.
- Fuel (Gasoline) - Gasoline is priced between $1.61 and $1.9 per liter.
- Taxi Fares - Taxi fares start at $4.21, with a cost of $1.48 to $3.16 per km and $10.54 to $42.15 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $948.3 to $1475.13, averaging $1142.82.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $790.25 to $1053.66, averaging $919.93.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1475.13 to $2634.16, averaging $1796.5.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1264.4 to $1896.6, averaging $1479.52.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $4214.66 to $6848.82, averaging $5057.59.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $2107.33 to $4214.66, averaging $3002.94.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $145.54 and $263.42, averaging $220.82.
- Internet - Internet services range from $31.61 to $73.76, with an average cost of $37.
Cost of Living Rankings
The cost of living indices for Spain are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Spain, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
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Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Palma de Mallorca offers a relatively moderate cost of living compared to other major European cities. Dining out can be affordable, especially at casual restaurants.
Housing costs vary significantly depending on location, with city centre apartments being more expensive. Public transportation is reasonably priced, making it a viable option for daily commuting.
Groceries and utilities are generally affordable, but prices can vary. Planning and budgeting can help manage living expenses effectively.
Conclusion
In conclusion, Palma de Mallorca presents a balanced cost of living with a mix of affordable and premium options across various categories. The city's vibrant lifestyle and scenic beauty make it an attractive place to live, despite some higher costs in housing and dining.
Prospective residents should consider their lifestyle preferences and budget accordingly to make the most of what Palma de Mallorca has to offer.