Cost of Living Comparison Between Valencia and Palma de Mallorca Cost of Living Comparison Between Valencia and Palma de Mallorca

Monthly Cost of Living

Monthly costs for one person with rent: $1,859 in Valencia versus $2,185 in Palma de Mallorca.

Estimated couple costs with rent: $2,660 in Valencia versus $3,219 in Palma de Mallorca.

Monthly costs for a family of three with rent: $3,461 in Valencia versus $4,252 in Palma de Mallorca.

Living in Valencia costs roughly 15% less than in Palma de Mallorca, driven mainly by Eating Out.

Both cities are pricier than the global median: Valencia 39% above, Palma de Mallorca 63% above.

Meal at Budget Restaurant

$15.26 €13.12

$17.43 €14.99

-12.45%

Three-Course Dinner for Two, Mid-Range

$56.9 €48.93

$62.7 €53.9

-9.30%

Fast Food Meal (McDonalds, etc)

$12.82 €11.03

$14.03 €12.07

-8.62%

Cappuccino

$2.56 €2.20

$3.35 €2.88

-23.58%

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

$2.49 €2.15

$2.86 €2.46

-12.94%

Water (0.33 liter bottle)

$2.01 €1.73

$2.80 €2.41

-28.21%

Local Beer (0.5 liter draught)

$3.41 €2.93

$4.65 €4.00

-26.67%

Imported Beer (0.33 liter bottle)

$3.39 €2.92

$4.49 €3.86

-24.50%

Milk (1 liter)

$1.12 €0.97

$1.16 €1.00

-3.45%

White Bread (500g)

$1.30 €1.12

$1.63 €1.40

-20.25%

Rice (white) (1kg)

$1.73 €1.49

$1.76 €1.52

-1.70%

Eggs

$2.94 €2.53

$3.34 €2.87

-11.98%

Local Cheese (1kg)

$11.31 €9.72

$16.31 €14.03

-30.66%

Chicken Fillets (1kg)

$8.38 €7.21

$9.41 €8.09

-10.95%

Beef Round Steak (1kg)

$13.86 €11.92

$16.13 €13.88

-14.07%

Apples (1kg)

$2.56 €2.20

$2.45 €2.10

4.49%

Banana (1kg)

$1.77 €1.53

$1.91 €1.64

-7.33%

Oranges (1kg)

$2.06 €1.77

$1.93 €1.66

6.74%

Tomato (1kg)

$2.35 €2.02

$2.92 €2.51

-19.52%

Potato (1kg)

$1.83 €1.58

$1.85 €1.59

-1.08%

Onion (1kg)

$1.97 €1.70

$2.30 €1.98

-14.35%

Lettuce (1 head)

$1.65 €1.42

$1.30 €1.12

26.92%

Water (1.5 liter bottle)

$0.71 €0.61

Cigarettes 20 Pack (Marlboro, Camel)

$6.50 €5.59

$6.78 €5.83

-4.13%

Wine (Bottle)

$5.84 €5.02

$5.77 €4.97

1.21%

Local Beer (0.5 liter bottle)

$1.54 €1.33

$1.30 €1.12

18.46%

Imported Beer (0.33 liter bottle)

$1.99 €1.71

$1.79 €1.54

11.17%

One-way Ticket (Public Transport)

$1.70 €1.46

$2.30 €1.98

-26.09%

Public Transport Monthly Pass (Regular Price)

$33.29 €28.63

$44.31 €38.11

-24.87%

Taxi Start (Normal Tariff)

$3.57 €3.07

$5.05 €4.34

-29.31%

Taxi (Normal Tariff) (1km)

$1.25 €1.07

$3.15 €2.71

-60.32%

Taxi 1hour Waiting (Normal Tariff)

$24.91 €21.43

$25.06 €21.56

-0.60%

Gasoline (1 liter)

$1.74 €1.50

$1.85 €1.59

-5.95%

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

$34.3K €29.5K

$38.7K €33.3K

-11.32%

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

$33.1K €28.4K

$32.6K €28.0K

1.49%

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

$144 €124

$247 €212

-41.67%

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

$13.62 €11.71

$21.92 €18.86

-37.86%

Internet (50+ Mbps, Unlimited Data)

$29.97 €25.78

$42.42 €36.49

-29.35%

Gym Membership (Monthly)

$41.51 €35.71

$58.9 €50.7

-29.56%

Tennis Court (1 Hour on Weekend)

$13.13 €11.30

$22.18 €19.08

-40.80%

Cinema Ticket

$9.95 €8.56

$9.51 €8.18

4.63%

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

$592 €509

$600 €516

-1.35%

International Primary School, 1 Child (Yearly)

$11.8K €10.1K

$12.3K €10.6K

-4.39%

Jeans (Levis 501 Or Similar)

$103 €89.0

$96.2 €82.7

7.51%

Summer Dress (H&M, Zara, etc)

$37.03 €31.86

$63.8 €54.9

-41.95%

Sport Shoes (Adidas, Nike)

$101 €87.2

$96.9 €83.3

4.64%

Men's Leather Business Shoes

$127 €109

$135 €116

-6.42%

1-bedroom Apartment, City Center (Monthly)

$1,209 €1,040

$1,328 €1,142

-8.96%

1-bedroom Apartment, Outside City Center (Monthly)

$922 €793

$1,016 €874

-9.26%

3-bedroom Apartment, City Center (Monthly)

$2,004 €1,724

$2,085 €1,794

-3.91%

3-bedroom Apartment, Outside City Center (Monthly)

$1,352 €1,163

$1,690 €1,454

-19.99%

Buy Apartment in City Center (m2)

$5,831 €5,016

$7,092 €6,100

-17.78%

Buy Apartment Outside City Center (m2)

$3,606 €3,101

$3,824 €3,289

-5.71%

Average Monthly Net Salary (After Tax)

$1,964 €1,689

$2,063 €1,774

-4.81%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.44

3.59

-4.18%

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

Last update for Valencia: June 1, 2026

Last update for Palma de Mallorca: June 1, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,209 in Valencia and $1,328 in Palma de Mallorca. Housing cost is often the main lever when comparing two cities.

Palma de Mallorca pays 5% 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: $57.0 in Valencia vs $63.0 in Palma de Mallorca for a mid-range dinner for two. Groceries echo the gap at $252 vs $284 per month, with Valencia cheaper across the board.

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

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

Valencia is cheaper overall, especially in Groceries & Markets, Eating Out, Clothing & Footwear, Sport & Entertainment, Getting Around. The 18% gap adds up to real monthly savings that compound significantly over time.

On paper, Palma de Mallorca earns 5% less. 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: $1,209 in Valencia versus $1,328 in Palma de Mallorca. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $592 in Valencia versus $600 in Palma de Mallorca. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 13% higher in Palma de Mallorca. For households that cook at home regularly, that difference adds up over a month.

At $1,859 in Valencia versus $2,185 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, Valencia 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.

Expats usually find Valencia gentler on the wallet – expenses run 18% less than in Palma de Mallorca. Beyond cost, consider language, visa policies, and how big the international community is in each city.