Thinking about pros and cons of going somewhere is the dilemma that we have even when we choose a holiday destination.
And when relocation is in question, a difficult choice has to be made between two or more alternatives which causes a lot of trouble.
What you need to do is to get well acquainted with the possible income and spendings in the city you want to move to, and do not get fooled by the hospitality and beauties of places where you cannot afford living.
Due to the high food prices which are constantly going up, restaurants are pretty expensive, so do not get surprised to see how much prices are higher than in your home country.
Actually, eating out from time to time would not be such a trouble for your budget, but you are advised to pick inexpensive restaurants.
If you are moving to Mallorca, you have made a wonderful choice, but do some planning and inform yourself of the costs you will need to cover here.
The cost of living in Palma de Maillorca is definitely higher than the average income, and the greatest expense is definitely food.
It is advisable for people coming to live and work here to get to know the island before deciding to drive.
The price of gasoline is high and it can be unaffordable, even without the other expenses that go with the vehicle, while on the other hand, public transportation is cheap and efficient.
Paying the rent does not mean that you have paid for the utilities as well,
This can also have a great effect on your budget, as you will need to devote additional money for services.
In general, it can be said that $200 would be necessary for power, water, garbage, heating and the Internet access.
SPORTS & LEISURE
There is certainly a lot of entertainment around Mallorca which obviously everyone wants to see and experience once being there.
However, the prices for sport activities, cultural sights and amusement places are high and continue to soar, due to the crowds of tourists coming there and would not be affordable to everyone.
CLOTHING & SHOES
By the time rent, food, transportation and bills are paid, there is virtually nothing left at the end of the month and people here do not have enough to pay for designer clothes which is extremely expensive.
This is due to a huge number of tourists that dictate the prices.
RENT PER MONTH
The first and most pressing issue wherever in the world you decide to move is housing, and the rent prices has increased in recent years.
If you are not obliged to settle in the city center, you will be able to save some money on rent, choosing an apartment out of it at lower prices, and this will save you around $200.
Cost of Living Averages Table for Palma de Mallorca
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$ 12.97|
|Domestic Beer (0.5 Liter)||$ 3.38|
|Water (0.33 Liter)||$ 1.54||Average Market Prices|
|Milk (1 Liter)||$ 3.49|
|Loaf Bread (500g)||$ 1.08|
|Eggs (12)||$ 1.75||Average Transport Prices|
|One Way Ticket||$ 1.69|
|Monthly Pass||$ 41.73|
|Gasoline||$ 5.67||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$ 129.75|
|1 min. of Prepaid Mobile Tariff Local||$ 0.29|
|Internet (Unlimited Data, Cable/ADSL)||$ 57.32||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$ 52.81|
|Tennis Court Rent (1 Hour)||$ 31.02|
|Cinema, 1 Seat, International Release||$ 8.46||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$ 81.34|
|1 Summer Dress in a Chain Store (Zara, etc...)||$ 37.22|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$ 84.60||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$ 895.31|
|Apartment (1 bedroom) Outside of Center||$ 697.92|
|Apartment (3 bedrooms) in City Center||$ 1404.29|
How Does the Average Person Spend Their Money in Palma de Mallorca?
It is worth mentioning that during the holiday season the prices go so high and everything becomes so expensive for the average family to survive.
In general, two thirds of your income would go on food and rent.
The only way of saving on rent is to buy your property, which might not be possible for you once you get there as a foreigner.
All the other categories take less money, but it is interesting to notice that more money is spent in restaurants than on transportation and utilities, even though they are pricey.
Palma de Mallorca: Average Salary, Minimum Wage & Mortgages
Palma de Mallorca is the fourth highest cost of living city in Spain and the prices are constantly going up.
The difference between the average and the minimum net salary is not high, so it can be said that both are estimated to be enough to cover the basic expenses.
People here possess their own houses and apartments, and save a lot on the rent, so they can afford other things, such as entertainment and leisure.
You, as a newcomer, will need to have at least average salary to provide for all the expenses.
Cost of Living by City in Spain
*Click the name of the city for more information.
|City||Cost of Living Index|
|Las Palmas de Gran Canaria||47.39|
|Palma de Mallorca||65.17|
|Santa Cruz de Tenerife||48.69|