Last update: Oct 2026

Cost of Living Comparison Between Lisbon and Palma de Mallorca

For one person, living costs are similar in Lisbon and in Palma de Mallorca: $2,223 and $2,216 a month, rent and utilities included.

107

Cost of Living Index in Lisbon
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Lisbon Living Index
108

Cost of Living Index in Palma de Mallorca
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Palma de Mallorca Living Index

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Lisbon

🇵🇹 Portugal

$2,223

/mo nomad

Palma de Mallorca

🇪🇸 Spain

$2,216

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon 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 Lisbon and in Palma de Mallorca actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,223 in Lisbon versus $2,216 in Palma de Mallorca.

Lisbon $2,223
Palma de Mallorca $2,216

Estimated couple costs with rent: $3,271 in Lisbon versus $3,278 in Palma de Mallorca.

Lisbon $3,271
Palma de Mallorca $3,278

Monthly costs for a family of three with rent: $4,319 in Lisbon versus $4,341 in Palma de Mallorca.

Lisbon $4,319
Palma de Mallorca $4,341

Monthly costs are close between Lisbon and Palma de Mallorca; which city is cheaper depends on the spending category.

Both cities are pricier than the global median: Lisbon 65% above, Palma de Mallorca 64% above.

Meal at Budget Restaurant

$16.50 €14.67

$18.70 €16.63

-11.76%

Three-Course Dinner for Two, Mid-Range

$61.3 €54.5

$66.8 €59.4

-8.34%

Fast Food Meal (McDonalds, etc)

$11.27 €10.03

$13.49 €12.00

-16.46%

Cappuccino

$3.06 €2.72

$3.16 €2.81

-3.16%

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

$2.26 €2.01

$2.59 €2.31

-12.74%

Water (0.33 liter bottle)

$1.73 €1.54

$2.64 €2.34

-34.47%

Local Beer (0.5 liter draught)

$3.39 €3.02

$4.58 €4.07

-25.98%

Imported Beer (0.33 liter bottle)

$3.40 €3.02

$3.86 €3.43

-11.92%

Milk (1 liter)

$1.12 €1.00

$1.36 €1.21

-17.65%

White Bread (500g)

$1.86 €1.65

$1.13 €1.00

64.60%

Rice (white) (1kg)

$1.53 €1.36

$1.61 €1.43

-4.97%

Eggs

$3.96 €3.53

$3.42 €3.04

15.79%

Local Cheese (1kg)

$12.76 €11.35

$14.75 €13.12

-13.49%

Chicken Fillets (1kg)

$7.90 €7.02

$8.66 €7.71

-8.78%

Beef Round Steak (1kg)

$16.97 €15.09

$16.05 €14.28

5.73%

Apples (1kg)

$2.27 €2.02

$2.52 €2.24

-9.92%

Banana (1kg)

$1.75 €1.55

$2.02 €1.80

-13.37%

Oranges (1kg)

$1.85 €1.64

$1.67 €1.49

10.78%

Tomato (1kg)

$2.57 €2.28

$2.81 €2.50

-8.54%

Potato (1kg)

$1.86 €1.65

$1.91 €1.69

-2.62%

Onion (1kg)

$2.02 €1.80

$2.15 €1.92

-6.05%

Lettuce (1 head)

$1.44 €1.28

$1.29 €1.15

11.63%

Water (1.5 liter bottle)

$0.82 €0.73

$0.69 €0.61

18.84%

Cigarettes 20 Pack (Marlboro, Camel)

$6.56 €5.83

$6.75 €6.00

-2.81%

Wine (Bottle)

$5.62 €5.00

$5.66 €5.04

-0.71%

Local Beer (0.5 liter bottle)

$1.28 €1.14

$1.37 €1.22

-6.57%

Imported Beer (0.33 liter bottle)

$2.07 €1.84

$1.95 €1.73

6.15%

One-way Ticket (Public Transport)

$2.35 €2.09

$2.20 €1.95

6.82%

Public Transport Monthly Pass (Regular Price)

$44.18 €39.30

$41.00 €36.47

7.76%

Taxi Start (Normal Tariff)

$3.99 €3.55

$5.02 €4.47

-20.52%

Taxi (Normal Tariff) (1km)

$1.09 €0.97

$1.31 €1.16

-16.79%

Taxi 1hour Waiting (Normal Tariff)

$16.64 €14.81

$24.14 €21.47

-31.07%

Gasoline (1 liter)

$2.28 €2.03

$1.80 €1.60

26.67%

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

$33.7K €30.0K

$34.9K €31.1K

-3.62%

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

$39.3K €35.0K

$31.0K €27.6K

26.75%

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

$167 €149

$250 €222

-32.91%

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

$18.80 €16.72

$23.67 €21.05

-20.57%

Internet (50+ Mbps, Unlimited Data)

$33.09 €29.43

$42.21 €37.54

-21.61%

Gym Membership (Monthly)

$46.01 €40.93

$61.1 €54.4

-24.72%

Tennis Court (1 Hour on Weekend)

$19.19 €17.07

$27.31 €24.30

-29.73%

Cinema Ticket

$9.84 €8.75

$9.56 €8.50

2.93%

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

$677 €602

$604 €537

12.19%

International Primary School, 1 Child (Yearly)

$16.9K €15.1K

$10.3K €9,180

63.95%

Jeans (Levis 501 Or Similar)

$101 €90.1

$72.1 €64.1

40.42%

Summer Dress (H&M, Zara, etc)

$45.76 €40.70

$54.1 €48.11

-15.40%

Sport Shoes (Adidas, Nike)

$100.0 €88.9

$97.3 €86.6

2.73%

Men's Leather Business Shoes

$123 €109

$131 €117

-6.54%

1-bedroom Apartment, City Center (Monthly)

$1,614 €1,436

$1,494 €1,329

8.05%

1-bedroom Apartment, Outside City Center (Monthly)

$1,197 €1,065

$1,048 €932

14.25%

3-bedroom Apartment, City Center (Monthly)

$2,862 €2,545

$2,340 €2,082

22.27%

3-bedroom Apartment, Outside City Center (Monthly)

$1,990 €1,770

$1,787 €1,590

11.37%

Buy Apartment in City Center (m2)

$7,577 €6,740

$6,823 €6,069

11.05%

Buy Apartment Outside City Center (m2)

$4,307 €3,831

$3,787 €3,368

13.74%

Average Monthly Net Salary (After Tax)

$1,588 €1,412

$2,046 €1,820

-22.40%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.85

3.07

25.41%

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

Last update for Lisbon: October 11, 2026

Last update for Palma de Mallorca: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Lisbon

$1.2K 53.9%

Palma de Mallorca

$1K 47.3% 12.5% $149

Groceries & Markets

Lisbon

$269 12.1%

Palma de Mallorca

$272 12.3% 0.8% $2.3

Eating Out

Lisbon

$242 10.9%

Palma de Mallorca

$280 12.6% 15.4% $37

Monthly Utilities & Internet

Lisbon

$219 9.9%

Palma de Mallorca

$316 14.2% 43.8% $96

Clothing & Footwear

Lisbon

$166 7.5%

Palma de Mallorca

$160 7.2% 4% $6.7

Sport & Entertainment

Lisbon

$66 3%

Palma de Mallorca

$80 3.6% 22.1% $15

Getting Around

Lisbon

$63 2.8%

Palma de Mallorca

$61 2.8% 2.6% $1.7

Cost Breakdown

A one-bedroom apartment in the center runs $1,614 in Lisbon and $1,494 in Palma de Mallorca. Housing cost is often the main lever when comparing two cities.

Palma de Mallorca pays 29% more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $61.0 in Lisbon vs $67.0 in Palma de Mallorca for a mid-range dinner for two. Groceries echo the gap at $269 vs $272 per month, with Lisbon cheaper across the board.

Good to know

🇵🇹 Lisbon

🇪🇸 Palma de Mallorca

🕒 Local time

18:28 6:28 PM

19:28 7:28 PM

1 h ahead of Lisbon

🌤 Weather

👥 Population

545,923 Capital

423,350

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

On the map

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Highest

Between locations

Lisbon Palma de Mallorca 1,030 km ≈ 1 h 45 min nonstop flight

From you

Lisbon
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

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

On paper, salaries run 29% lower in Palma de Mallorca. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,614 in Lisbon versus $1,494 in Palma de Mallorca. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Palma de Mallorca runs roughly 8% less than in Lisbon. Both cities have functional networks, but the price difference matters if you're watching your budget.

Shoppers in Lisbon pay roughly 1% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

At $2,216 in Palma de Mallorca versus $2,223 in Lisbon, a $2,500 budget is realistic in Palma de Mallorca but tight or insufficient in Lisbon. The gap between the two cities makes Palma de Mallorca the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Safety-wise, Lisbon and Palma de Mallorca are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

It comes down to priorities – Palma de Mallorca wins on affordability, Lisbon on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.