Last update: Oct 2026

Cost of Living Comparison Between Palma de Mallorca and Valencia

For one person, living is cheaper in Valencia: $2,054 a month against $2,216 in Palma de Mallorca, rent and utilities included – about $1,900 less a year. Rent and utilities account for most of the difference.

108

Cost of Living Index in Palma de Mallorca
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Palma de Mallorca Living Index
100

Cost of Living Index in Valencia
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Valencia Living Index

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Palma de Mallorca

🇪🇸 Spain

$2,216

/mo nomad

Valencia

🇪🇸 Spain

$2,054

/mo nomad

Monthly Cost of Living

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

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

Monthly costs for one person with rent: $2,216 in Palma de Mallorca versus $2,054 in Valencia.

Palma de Mallorca $2,216
Valencia $2,054

Estimated couple costs with rent: $3,278 in Palma de Mallorca versus $3,045 in Valencia.

Palma de Mallorca $3,278
Valencia $3,045

Monthly costs for a family of three with rent: $4,341 in Palma de Mallorca versus $4,035 in Valencia.

Palma de Mallorca $4,341
Valencia $4,035

Living in Palma de Mallorca is roughly 8% more expensive than in Valencia, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Palma de Mallorca 64% above, Valencia 52% above.

Meal at Budget Restaurant

$18.70 €16.63

$19.24 €17.11

-2.81%

Three-Course Dinner for Two, Mid-Range

$66.8 €59.4

$67.8 €60.3

-1.47%

Fast Food Meal (McDonalds, etc)

$13.49 €12.00

$12.12 €10.78

11.30%

Cappuccino

$3.16 €2.81

$2.75 €2.44

14.91%

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

$2.59 €2.31

$2.59 €2.30

Water (0.33 liter bottle)

$2.64 €2.34

$2.00 €1.78

32.00%

Local Beer (0.5 liter draught)

$4.58 €4.07

$3.44 €3.06

33.14%

Imported Beer (0.33 liter bottle)

$3.86 €3.43

$4.57 €4.06

-15.54%

Milk (1 liter)

$1.36 €1.21

$1.22 €1.09

11.48%

White Bread (500g)

$1.13 €1.00

$1.34 €1.20

-15.67%

Rice (white) (1kg)

$1.61 €1.43

$1.75 €1.56

-8.00%

Eggs

$3.42 €3.04

$3.37 €3.00

1.48%

Local Cheese (1kg)

$14.75 €13.11

$10.94 €9.73

34.83%

Chicken Fillets (1kg)

$8.66 €7.71

$7.88 €7.01

9.90%

Beef Round Steak (1kg)

$16.05 €14.28

$15.59 €13.87

2.95%

Apples (1kg)

$2.52 €2.24

$2.49 €2.21

1.20%

Banana (1kg)

$2.02 €1.80

$1.81 €1.61

11.60%

Oranges (1kg)

$1.67 €1.49

$1.85 €1.65

-9.73%

Tomato (1kg)

$2.81 €2.50

$2.54 €2.26

10.63%

Potato (1kg)

$1.91 €1.69

$1.71 €1.52

11.70%

Onion (1kg)

$2.15 €1.92

$1.84 €1.64

16.85%

Lettuce (1 head)

$1.29 €1.15

$1.08 €0.96

19.44%

Water (1.5 liter bottle)

$0.69 €0.61

$0.80 €0.71

-13.75%

Cigarettes 20 Pack (Marlboro, Camel)

$6.75 €6.00

$6.51 €5.79

3.69%

Wine (Bottle)

$5.66 €5.04

$5.67 €5.04

-0.18%

Local Beer (0.5 liter bottle)

$1.37 €1.22

$1.29 €1.15

6.20%

Imported Beer (0.33 liter bottle)

$1.95 €1.73

$1.70 €1.51

14.71%

One-way Ticket (Public Transport)

$2.20 €1.95

$2.22 €1.97

-0.90%

Public Transport Monthly Pass (Regular Price)

$41.00 €36.46

$39.31 €34.96

4.30%

Taxi Start (Normal Tariff)

$5.02 €4.46

$4.48 €3.99

12.05%

Taxi (Normal Tariff) (1km)

$1.31 €1.16

$1.34 €1.20

-2.24%

Taxi 1hour Waiting (Normal Tariff)

$24.14 €21.47

$23.66 €21.04

2.03%

Gasoline (1 liter)

$1.80 €1.60

$1.82 €1.62

-1.10%

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

$34.9K €31.1K

$34.6K €30.8K

1.05%

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

$31.0K €27.6K

$28.6K €25.4K

8.48%

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

$250 €222

$157 €140

58.93%

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

$23.67 €21.05

$16.31 €14.51

45.13%

Internet (50+ Mbps, Unlimited Data)

$42.21 €37.54

$33.75 €30.01

25.07%

Gym Membership (Monthly)

$61.1 €54.4

$42.74 €38.01

43.00%

Tennis Court (1 Hour on Weekend)

$27.31 €24.29

$8.79 €7.82

210.69%

Cinema Ticket

$9.56 €8.50

$11.01 €9.80

-13.17%

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

$604 €537

$568 €505

6.30%

International Primary School, 1 Child (Yearly)

$10.3K €9,179

$9,602 €8,540

7.48%

Jeans (Levis 501 Or Similar)

$72.1 €64.1

$92.6 €82.4

-22.13%

Summer Dress (H&M, Zara, etc)

$54.1 €48.11

$41.14 €36.59

31.48%

Sport Shoes (Adidas, Nike)

$97.3 €86.6

$94.3 €83.9

3.24%

Men's Leather Business Shoes

$131 €117

$119 €106

10.32%

1-bedroom Apartment, City Center (Monthly)

$1,494 €1,328

$1,393 €1,239

7.22%

1-bedroom Apartment, Outside City Center (Monthly)

$1,048 €932

$1,047 €931

0.12%

3-bedroom Apartment, City Center (Monthly)

$2,340 €2,082

$2,274 €2,022

2.94%

3-bedroom Apartment, Outside City Center (Monthly)

$1,787 €1,589

$1,717 €1,527

4.08%

Buy Apartment in City Center (m2)

$6,823 €6,068

$5,495 €4,887

24.17%

Buy Apartment Outside City Center (m2)

$3,787 €3,368

$3,312 €2,946

14.33%

Average Monthly Net Salary (After Tax)

$2,046 €1,820

$1,900 €1,690

7.66%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.07

3.41

-9.97%

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

Last update for Palma de Mallorca: October 11, 2026

Last update for Valencia: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Palma de Mallorca

$1K 47.3%

Valencia

$1K 51% 0.1% $1.3

Monthly Utilities & Internet

Palma de Mallorca

$316 14.2%

Valencia

$207 10.1% 34.3% $108

Eating Out

Palma de Mallorca

$280 12.6%

Valencia

$268 13% 4.1% $12

Groceries & Markets

Palma de Mallorca

$272 12.3%

Valencia

$252 12.3% 7.1% $19

Clothing & Footwear

Palma de Mallorca

$160 7.2%

Valencia

$156 7.6% 2.2% $3.5

Sport & Entertainment

Palma de Mallorca

$80 3.6%

Valencia

$65 3.2% 19.3% $15

Getting Around

Palma de Mallorca

$61 2.8%

Valencia

$59 2.9% 3.2% $2

Cost Breakdown

A one-bedroom apartment in the center runs $1,494 in Palma de Mallorca and $1,393 in Valencia. Housing cost is often the main lever when comparing two cities.

Palma de Mallorca pays 8% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $67.0 in Palma de Mallorca vs $68.0 in Valencia. Groceries flip the comparison at $272 vs $252, with Valencia cheaper for home cooking.

Good to know

🇪🇸 Palma de Mallorca

🇪🇸 Valencia

🕒 Local time

19:27 7:27 PM

Same time as Palma de Mallorca

🌤 Weather

👥 Population

423,350

807,693

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

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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

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

Valencia is cheaper overall, especially in eating out, groceries, and clothing. The 8% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 8% higher in Palma de Mallorca, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,494 in Palma de Mallorca versus $1,393 in Valencia. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $604 in Palma de Mallorca versus $568 in Valencia. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 8% higher in Palma de Mallorca. For households that cook at home regularly, that difference adds up over a month.

At $2,054 in Valencia versus $2,216 in Palma de Mallorca, a $3,000 budget is realistic in Valencia but tight or insufficient in Palma de Mallorca. The gap between the two cities makes Valencia the clear choice for anyone on this budget.

For families, Valencia is more practical. Housing and childcare are both notably cheaper than in Palma de Mallorca, and the savings on those two alone free up budget for education, activities, and family trips.

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

Expats usually find Valencia gentler on the wallet – expenses run 8% less than in Palma de Mallorca. Beyond cost, consider language, visa policies, and how big the international community is in each city.