Last update: Oct 2026

Cost of Living Comparison Between London and Palma de Mallorca

Name: Palma de Mallorca
Address: Palma de Mallorca, ES

For one person, living is cheaper in Palma de Mallorca: $2,239 a month against $4,086 in London, rent and utilities included – about $22,200 less a year. Rent and utilities account for most of the difference.

196

Cost of Living Index in London
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London Living Index
109

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

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London

🇬🇧 United Kingdom

$4,086

/mo nomad

Palma de Mallorca

🇪🇸 Spain

$2,239

/mo nomad

Monthly Cost of Living

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

A single person spends $4,086 per month in London vs $2,239 in Palma de Mallorca, rent included.

London $4,086
Palma de Mallorca $2,239

A couple spends around $5,816 per month in London vs $3,269 in Palma de Mallorca, rent included.

London $5,816
Palma de Mallorca $3,269

A family of three spends $7,546 per month in London vs $4,300 in Palma de Mallorca, rent included.

London $7,546
Palma de Mallorca $4,300

London costs about 82% more than Palma de Mallorca, and outside of rent the biggest gap is in transport.

Both London and Palma de Mallorca sit above the global median – London by 205%, Palma de Mallorca by 67%.

Meal at Budget Restaurant

$26.62 £20.11

$18.64 €16.63

42.81%

Three-Course Dinner for Two, Mid-Range

$108 £81.3

$66.2 €59.1

62.42%

Fast Food Meal (McDonalds, etc)

$10.39 £7.85

$13.35 €11.91

-22.17%

Cappuccino

$5.79 £4.38

$3.20 €2.86

80.94%

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

$3.01 £2.27

$2.70 €2.41

11.48%

Water (0.33 liter bottle)

$2.15 £1.63

$2.71 €2.42

-20.66%

Local Beer (0.5 liter draught)

$9.35 £7.06

$4.61 €4.11

102.82%

Imported Beer (0.33 liter bottle)

$7.84 £5.93

$3.87 €3.46

102.58%

Milk (1 liter)

$1.79 £1.35

$1.35 €1.21

32.59%

White Bread (500g)

$2.06 £1.56

$1.16 €1.03

77.59%

Rice (white) (1kg)

$2.31 £1.74

$1.62 €1.45

42.59%

Eggs

$5.05 £3.82

$3.41 €3.04

48.09%

Local Cheese (1kg)

$12.57 £9.50

$14.56 €13.00

-13.67%

Chicken Fillets (1kg)

$10.66 £8.05

$8.77 €7.83

21.55%

Beef Round Steak (1kg)

$17.13 £12.94

$15.90 €14.19

7.74%

Apples (1kg)

$3.03 £2.29

$2.57 €2.30

17.90%

Banana (1kg)

$1.41 £1.07

$1.95 €1.74

-27.69%

Oranges (1kg)

$3.05 £2.31

$1.76 €1.57

73.30%

Tomato (1kg)

$3.38 £2.56

$2.87 €2.56

17.77%

Potato (1kg)

$1.67 £1.26

$1.94 €1.73

-13.92%

Onion (1kg)

$1.73 £1.31

$2.18 €1.94

-20.64%

Lettuce (1 head)

$1.41 £1.07

$1.26 €1.12

11.90%

Water (1.5 liter bottle)

$1.79 £1.35

$0.64 €0.58

179.69%

Cigarettes 20 Pack (Marlboro, Camel)

$23.22 £17.55

$6.87 €6.13

237.99%

Wine (Bottle)

$12.99 £9.82

$5.55 €4.95

134.05%

Local Beer (0.5 liter bottle)

$3.18 £2.40

$1.39 €1.24

128.78%

Imported Beer (0.33 liter bottle)

$4.41 £3.33

$1.91 €1.71

130.89%

One-way Ticket (Public Transport)

$3.87 £2.93

$2.26 €2.02

71.24%

Public Transport Monthly Pass (Regular Price)

$250 £189

$40.95 €36.54

510.62%

Taxi Start (Normal Tariff)

$5.71 £4.31

$5.09 €4.54

12.18%

Taxi (Normal Tariff) (1km)

$3.33 £2.51

$1.38 €1.23

141.30%

Taxi 1hour Waiting (Normal Tariff)

$57.9 £43.76

$24.04 €21.45

140.89%

Gasoline (1 liter)

$2.04 £1.54

$1.81 €1.62

12.71%

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

$37.5K £28.4K

$35.4K €31.6K

6.18%

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

$40.9K £30.9K

$31.4K €28.0K

30.31%

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

$376 £284

$253 €226

48.45%

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

$17.88 £13.51

$23.84 €21.28

-25.00%

Internet (50+ Mbps, Unlimited Data)

$40.01 £30.24

$42.93 €38.31

-6.80%

Gym Membership (Monthly)

$61.2 £46.22

$62.0 €55.3

-1.31%

Tennis Court (1 Hour on Weekend)

$21.07 £15.93

$27.84 €24.85

-24.32%

Cinema Ticket

$17.95 £13.57

$9.77 €8.72

83.73%

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

$2,865 £2,165

$610 €544

370.06%

International Primary School, 1 Child (Yearly)

$35.3K £26.7K

$10.4K €9,246

241.11%

Jeans (Levis 501 Or Similar)

$116 £87.7

$71.1 €63.5

63.06%

Summer Dress (H&M, Zara, etc)

$54.1 £40.87

$55.3 €49.34

-2.19%

Sport Shoes (Adidas, Nike)

$127 £95.7

$99.7 €89.0

27.00%

Men's Leather Business Shoes

$159 £120

$129 €115

23.94%

1-bedroom Apartment, City Center (Monthly)

$2,853 £2,156

$1,497 €1,336

90.54%

1-bedroom Apartment, Outside City Center (Monthly)

$2,301 £1,739

$1,055 €941

118.14%

3-bedroom Apartment, City Center (Monthly)

$5,201 £3,931

$2,356 €2,103

120.77%

3-bedroom Apartment, Outside City Center (Monthly)

$3,723 £2,813

$1,841 €1,643

102.19%

Buy Apartment in City Center (m2)

$19.0K £14.4K

$6,887 €6,146

176.02%

Buy Apartment Outside City Center (m2)

$7,881 £5,955

$3,721 €3,321

111.79%

Average Monthly Net Salary (After Tax)

$4,818 £3,641

$2,018 €1,801

138.69%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.65

3.07

51.47%

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

Last update for London: October 4, 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

London

$2.3K 56.5%

Palma de Mallorca

$1.1K 47.3% 54.2% $1.2K

Monthly Utilities & Internet

London

$434 10.7%

Palma de Mallorca

$320 14.4% 26.2% $114

Eating Out

London

$397 9.7%

Palma de Mallorca

$280 12.6% 29.4% $117

Groceries & Markets

London

$349 8.6%

Palma de Mallorca

$271 12.2% 22.4% $78

Getting Around

London

$288 7.1%

Palma de Mallorca

$62 2.8% 78.5% $226

Clothing & Footwear

London

$205 5%

Palma de Mallorca

$160 7.2% 22.2% $46

Sport & Entertainment

London

$97 2.4%

Palma de Mallorca

$82 3.7% 16% $16

Cost Breakdown

A central one-bedroom costs $2,853 in London 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 139% higher in London, 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 $108 in London versus $66.0 in Palma de Mallorca. Monthly groceries follow the same trend: $349 vs $271 – making Palma de Mallorca the more affordable choice for daily food spending.

Good to know

🇬🇧 London

🇪🇸 Palma de Mallorca

🕒 Local time

08:55 8:55 AM

09:55 9:55 AM

1 h ahead of London

🌤 Weather

👥 Population

8,908,083 Capital

423,350

💱 Currency

British Pound GBP £

Euro EUR €

📈 Exchange rate

1 GBP = 1.32 USD

1 GBP = 1.18 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to GBP – British Pound Converter

🇺🇸 United States Dollar ($)

🇬🇧 British Pound (£)

British Pound exchange rates as of October 10, 2026: 1 USD = 0.756 GBP (1 GBP = 1.32 USD). 1 EUR = 0.848 GBP (1 GBP = 1.18 EUR).

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

USD to GBP in detail →

On the map

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Highest

Between locations

London Palma de Mallorca 1,340 km ≈ 2 h 15 min nonstop flight

From you

London
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

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

Monthly costs with rent: $4,086 in London, $2,239 in Palma de Mallorca – roughly 82% apart. Outside of rent, the biggest gap is in transport.

For a comfortable life, plan on about $6,129 per month in London 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 Palma de Mallorca, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 29% more in London, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $108 in London and $66.0 in Palma de Mallorca. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $2,500 monthly budget goes further in Palma de Mallorca, where all-in costs run around $2,239, than in London at $4,086. In Palma de Mallorca it covers expenses comfortably, while in London it requires careful planning or may not stretch far enough.

It depends on your priorities. London has an edge in some lifestyle areas, with costs from $2,239 in Palma de Mallorca to $4,086 in London. Climate, culture, job market, and personal taste all factor in.

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