🇪🇸 Cost of living · Spain
Palma Cost of Living
Monthly cost of living breakdown for Palma, Spain
Cost Level: Medium
Housing
1BR Apartment — City Center €800–1,300/mo (centre); €650–1,000/mo (outer)
USD Reference Approx. USD 910–1,480/mo (1BR centre) · at 2026-07-21 FX rates
Food & Dining
Budget Restaurant / Local Eatery €12–18 (casual); €45–78 (restaurant for 2)
Monthly Groceries €240–360/mo (groceries)
Transport
Monthly Transport Cost Monthly pass ~€40
Metro (1 line) + tram/commuter rail + buses; transit card. Palma Airport (PMI, Spain’s 3rd-busiest, highly seasonal). Walkable old town and seafront promenade.
Monthly Budget Summary
Budget Lifestyle (single)
USD 1,200–2,000
Comfortable Lifestyle (single)
USD 2,000–3,500
Family Budget (2–3 people)
USD 4,000–6,500
Important Note
Data above is approximate and indicative. Actual costs vary by location, personal lifestyle, and exchange rate fluctuations. Verify with local sources after arrival.
Source: RichBay editorial estimate (indicative, not guaranteed)
Estimate baseline: 2026-06-21
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