🇪🇸 Living · Spain

Palma

Cost of living, housing, transport and neighborhoods in Palma.

Balearic Islands · Europe ·UTC+1/UTC+2
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MediumCost
★★★★☆Safety
ModerateEnglish
EUR €Currency
560,000Population

City Overview

Palma is the capital of the Balearic Islands and the gateway to Mallorca — a Mediterranean resort, yachting and lifestyle city, with the Gothic La Seu cathedral overlooking the bay. Tourism, shipping, real estate and a rising remote-work crowd converge here, with a large international community (especially German and British). Warm, with both beaches and an old town, costs are mid-range and seasonal — the tourism, yachting and livability center of Spain’s Mediterranean islands.

Cost of Living Snapshot

1BR Apartment €800–1,300/mo (centre); €650–1,000/mo (outer)
Dining Out €12–18 (casual); €45–78 (restaurant for 2)
Monthly Transport Monthly pass ~€40
Monthly Groceries €240–360/mo (groceries)
USD Reference: Approx. USD 910–1,480/mo (1BR centre)· at 2026-07-21 FX rates
Full Cost of Living Report →

Source: RichBay editorial estimate — indicative, not guaranteed Estimate baseline: 2026-06-21 · Actual costs vary by location, timing, and personal lifestyle.

Getting Around

Metro (1 line) + tram/commuter rail + buses; transit card. Palma Airport (PMI, Spain’s 3rd-busiest, highly seasonal). Walkable old town and seafront promenade.

Housing & Neighborhoods

City Center Casco Antiguo/La Llonja (core/old town)
International Hub Santa Catalina (culture/dining/expat)
Quiet & Residential Portixol/El Terreno (coast/livable)
Budget-Friendly Outer suburbs (value)

Why Live Here

  • Mallorca gateway; Mediterranean resort & yachting
  • Large expat community; rising remote-work spot
  • Warm; both beaches and old town
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Frequently asked questions

How are the cost figures estimated?

Cost figures are RichBay editorial estimates of typical rent, food and transport, normalised to USD — indicative, not guaranteed. Verify locally before relying on them.

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