Last update: Oct 2026

Cost of Living Comparison Between Istanbul and Palma de Mallorca

For one person, living is cheaper in Istanbul: $1,526 a month against $2,239 in Palma de Mallorca, rent and utilities included – about $8,600 less a year. Rent and utilities account for most of the difference.

74

Cost of Living Index in Istanbul
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Istanbul Living Index
109

Cost of Living Index in Palma de Mallorca
Learn more

Palma de Mallorca Living Index

Jump to prices

Istanbul

🇹🇷 Turkey

$1,526

/mo nomad

Palma de Mallorca

🇪🇸 Spain

$2,239

/mo nomad

Monthly Cost of Living

How much you'll spend in Istanbul and in Palma de Mallorca

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Istanbul and in Palma de Mallorca actually costs, broken down by who's living it.

A single person spends $1,526 per month in Istanbul vs $2,239 in Palma de Mallorca, rent included.

Istanbul $1,526
Palma de Mallorca $2,239

A couple spends around $2,399 per month in Istanbul vs $3,269 in Palma de Mallorca, rent included.

Istanbul $2,399
Palma de Mallorca $3,269

A family of three spends $3,272 per month in Istanbul vs $4,300 in Palma de Mallorca, rent included.

Istanbul $3,272
Palma de Mallorca $4,300

Istanbul is about 32% cheaper than Palma de Mallorca, and outside of rent the biggest gap is in eating out.

Both Istanbul and Palma de Mallorca sit above the global median – Istanbul by 14%, Palma de Mallorca by 67%.

Meal at Budget Restaurant

$11.88 ₺585

$18.64 €16.63

-36.27%

Three-Course Dinner for Two, Mid-Range

$55.1 ₺2,714

$66.2 €59.1

-16.83%

Fast Food Meal (McDonalds, etc)

$9.14 ₺450

$13.35 €11.91

-31.54%

Cappuccino

$4.24 ₺209

$3.20 €2.86

32.50%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.75 ₺86.0

$2.70 €2.41

-35.19%

Water (0.33 liter bottle)

$0.54 ₺26.83

$2.71 €2.42

-80.07%

Local Beer (0.5 liter draught)

$4.69 ₺231

$4.61 €4.11

1.74%

Imported Beer (0.33 liter bottle)

$5.97 ₺294

$3.87 €3.46

54.26%

Milk (1 liter)

$1.26 ₺62.1

$1.35 €1.21

-6.67%

White Bread (500g)

$0.95 ₺46.81

$1.16 €1.03

-18.10%

Rice (white) (1kg)

$2.31 ₺114

$1.62 €1.45

42.59%

Eggs

$2.47 ₺122

$3.41 €3.04

-27.57%

Local Cheese (1kg)

$10.55 ₺520

$14.56 €13.00

-27.54%

Chicken Fillets (1kg)

$5.60 ₺276

$8.77 €7.83

-36.15%

Beef Round Steak (1kg)

$21.21 ₺1,045

$15.90 €14.19

33.40%

Apples (1kg)

$1.93 ₺95.1

$2.57 €2.30

-24.90%

Banana (1kg)

$2.29 ₺113

$1.95 €1.74

17.44%

Oranges (1kg)

$1.28 ₺63.1

$1.76 €1.57

-27.27%

Tomato (1kg)

$1.84 ₺90.8

$2.87 €2.56

-35.89%

Potato (1kg)

$0.67 ₺32.86

$1.94 €1.73

-65.46%

Onion (1kg)

$0.59 ₺29.31

$2.18 €1.94

-72.94%

Lettuce (1 head)

$1.33 ₺65.4

$1.26 €1.12

5.56%

Water (1.5 liter bottle)

$0.59 ₺29.10

$0.64 €0.58

-7.81%

Cigarettes 20 Pack (Marlboro, Camel)

$2.36 ₺116

$6.87 €6.13

-65.65%

Wine (Bottle)

$13.47 ₺664

$5.55 €4.95

142.70%

Local Beer (0.5 liter bottle)

$2.42 ₺119

$1.39 €1.24

74.10%

Imported Beer (0.33 liter bottle)

$3.54 ₺174

$1.91 €1.71

85.34%

One-way Ticket (Public Transport)

$0.83 ₺40.64

$2.26 €2.02

-63.27%

Public Transport Monthly Pass (Regular Price)

$66.5 ₺3,273

$40.95 €36.54

62.27%

Taxi Start (Normal Tariff)

$1.35 ₺66.6

$5.09 €4.54

-73.48%

Taxi (Normal Tariff) (1km)

$0.85 ₺42.05

$1.38 €1.23

-38.41%

Taxi 1hour Waiting (Normal Tariff)

$10.86 ₺535

$24.04 €21.45

-54.83%

Gasoline (1 liter)

$1.47 ₺72.3

$1.81 €1.62

-18.78%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$51.6K ₺2.5M

$35.4K €31.6K

45.99%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$44.4K ₺2.2M

$31.4K €28.0K

41.63%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$89.2 ₺4,395

$253 €226

-64.78%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$11.60 ₺572

$23.84 €21.28

-51.34%

Internet (50+ Mbps, Unlimited Data)

$16.10 ₺793

$42.93 €38.31

-62.50%

Gym Membership (Monthly)

$77.3 ₺3,805

$62.0 €55.3

24.66%

Tennis Court (1 Hour on Weekend)

$22.66 ₺1,116

$27.84 €24.85

-18.61%

Cinema Ticket

$8.34 ₺411

$9.77 €8.72

-14.64%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$974 ₺48.0K

$610 €544

59.76%

International Primary School, 1 Child (Yearly)

$25.8K ₺1.3M

$10.4K €9,246

148.75%

Jeans (Levis 501 Or Similar)

$52.7 ₺2,597

$71.1 €63.5

-25.91%

Summer Dress (H&M, Zara, etc)

$39.16 ₺1,929

$55.3 €49.34

-29.17%

Sport Shoes (Adidas, Nike)

$103 ₺5,083

$99.7 €89.0

3.50%

Men's Leather Business Shoes

$96.6 ₺4,759

$129 €115

-24.85%

1-bedroom Apartment, City Center (Monthly)

$994 ₺49.0K

$1,497 €1,336

-33.62%

1-bedroom Apartment, Outside City Center (Monthly)

$629 ₺31.0K

$1,055 €941

-40.35%

3-bedroom Apartment, City Center (Monthly)

$2,024 ₺99.7K

$2,356 €2,103

-14.09%

3-bedroom Apartment, Outside City Center (Monthly)

$1,155 ₺56.9K

$1,841 €1,643

-37.28%

Buy Apartment in City Center (m2)

$3,160 ₺155.7K

$6,887 €6,146

-54.11%

Buy Apartment Outside City Center (m2)

$1,838 ₺90.5K

$3,721 €3,321

-50.61%

Average Monthly Net Salary (After Tax)

$1,203 ₺59.3K

$2,018 €1,801

-40.37%

20-Year Fixed Mortgage Interest Rate (Annual %)

41.09

3.07

1238.44%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Istanbul: October 3, 2026

Last update for Palma de Mallorca: October 4, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Istanbul

$629 41.2%

Palma de Mallorca

$1.1K 47.3% 67.6% $426

Groceries & Markets

Istanbul

$264 17.3%

Palma de Mallorca

$271 12.2% 2.8% $7.3

Eating Out

Istanbul

$218 14.3%

Palma de Mallorca

$280 12.6% 28.5% $62

Clothing & Footwear

Istanbul

$131 8.6%

Palma de Mallorca

$160 7.2% 21.6% $28

Monthly Utilities & Internet

Istanbul

$117 7.7%

Palma de Mallorca

$320 14.4% 174% $203

Sport & Entertainment

Istanbul

$94 6.1%

Palma de Mallorca

$82 3.7% 13.2% $12

Getting Around

Istanbul

$75 4.9%

Palma de Mallorca

$62 2.8% 17.8% $13

Cost Breakdown

A central one-bedroom costs $994 in Istanbul versus $1,497 in Palma de Mallorca. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 68% higher in Palma de Mallorca, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $55.0 in Istanbul versus $66.0 in Palma de Mallorca. Monthly groceries follow the same trend: $264 vs $271 – making Istanbul the more affordable choice for daily food spending.

Good to know

🇹🇷 Istanbul

🇪🇸 Palma de Mallorca

🕒 Local time

13:49 1:49 PM

12:49 12:49 PM

1 h behind Istanbul

🌤 Weather

👥 Population

15,701,602

423,350

💱 Currency

Turkish Lira TRY ₺

Euro EUR €

📈 Exchange rate

100 TRY = 2.03 USD

100 TRY = 1.81 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to TRY – Turkish Lira Converter

🇺🇸 United States Dollar ($)

🇹🇷 Turkish Lira (₺)

Turkish Lira exchange rates as of October 10, 2026: 1 USD = 49.26 TRY (100 TRY = 2.03 USD). 1 EUR = 55.2 TRY (100 TRY = 1.81 EUR).

Euro exchange rates as of October 10, 2026: 1 USD = 0.892 EUR (1 EUR = 1.12 USD).

USD to TRY in detail →

On the map

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Between locations

Istanbul Palma de Mallorca 2,220 km ≈ 3 h 15 min nonstop flight

From you

Istanbul
Palma de Mallorca

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Istanbul vs Palma de Mallorca: Cost of Living - Frequently Asked Questions

Yes – Palma de Mallorca is pricier by about 47%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,289 per month in Istanbul and $3,358 in Palma de Mallorca. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Istanbul, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Kindergarten costs $974 per month in Istanbul and $610 in Palma de Mallorca. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 3% more in Palma de Mallorca, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Istanbul, where all-in costs run around $1,526, than in Palma de Mallorca at $2,239. In Istanbul it covers expenses comfortably, while in Palma de Mallorca it requires careful planning or may not stretch far enough.

Families tend to lean toward Istanbul – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Istanbul. If higher salaries, better infrastructure, or specific career opportunities are the priority, Palma de Mallorca makes more sense. Both are solid long-term options with distinct trade-offs.