Last update: Oct 2026

Cost of Living Comparison Between Valencia and Palma de Mallorca

For one person, living is cheaper in Valencia: $2,092 a month against $2,357 in Palma de Mallorca, rent and utilities included – about $3,200 less a year. Rent and utilities account for most of the difference.

100

Cost of Living Index in Valencia
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Valencia Living Index
114

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

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Valencia

🇪🇸 Spain

$2,092

/mo nomad

Palma de Mallorca

🇪🇸 Spain

$2,357

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,092 in Valencia versus $2,357 in Palma de Mallorca.

Valencia $2,092
Palma de Mallorca $2,357

Estimated couple costs with rent: $3,017 in Valencia versus $3,467 in Palma de Mallorca.

Valencia $3,017
Palma de Mallorca $3,467

Monthly costs for a family of three with rent: $3,942 in Valencia versus $4,577 in Palma de Mallorca.

Valencia $3,942
Palma de Mallorca $4,577

Living in Valencia costs roughly 11% less than in Palma de Mallorca, and outside of rent the biggest gap is in leisure.

Both cities are pricier than the global median: Valencia 54% above, Palma de Mallorca 73% above.

Meal at Budget Restaurant

$18.72 €16.71

$18.38 €16.40

1.85%

Three-Course Dinner for Two, Mid-Range

$66.0 €58.9

$66.2 €59.0

-0.27%

Fast Food Meal (McDonalds, etc)

$12.11 €10.80

$13.58 €12.12

-10.82%

Cappuccino

$2.72 €2.42

$3.12 €2.78

-12.82%

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

$2.49 €2.22

$2.60 €2.32

-4.23%

Water (0.33 liter bottle)

$2.09 €1.86

$2.72 €2.43

-23.16%

Local Beer (0.5 liter draught)

$3.32 €2.96

$4.34 €3.87

-23.50%

Imported Beer (0.33 liter bottle)

$4.58 €4.09

$3.97 €3.54

15.37%

Milk (1 liter)

$1.20 €1.07

$1.36 €1.21

-11.76%

White Bread (500g)

$1.35 €1.20

$1.18 €1.05

14.41%

Rice (white) (1kg)

$1.78 €1.59

$1.63 €1.45

9.20%

Eggs

$3.40 €3.03

$3.50 €3.12

-2.86%

Local Cheese (1kg)

$10.72 €9.57

$14.70 €13.11

-27.07%

Chicken Fillets (1kg)

$7.76 €6.92

$8.90 €7.94

-12.81%

Beef Round Steak (1kg)

$15.88 €14.17

$15.78 €14.08

0.63%

Apples (1kg)

$2.46 €2.19

$2.44 €2.18

0.82%

Banana (1kg)

$1.89 €1.68

$2.04 €1.82

-7.35%

Oranges (1kg)

$1.83 €1.64

$1.70 €1.52

7.65%

Tomato (1kg)

$2.66 €2.37

$2.78 €2.48

-4.32%

Potato (1kg)

$1.69 €1.51

$1.95 €1.74

-13.33%

Onion (1kg)

$1.86 €1.66

$2.16 €1.92

-13.89%

Lettuce (1 head)

$1.15 €1.03

$1.27 €1.14

-9.45%

Water (1.5 liter bottle)

$0.80 €0.71

$0.64 €0.57

25.00%

Cigarettes 20 Pack (Marlboro, Camel)

$6.69 €5.97

$6.73 €6.00

-0.59%

Wine (Bottle)

$5.64 €5.03

$5.43 €4.85

3.87%

Local Beer (0.5 liter bottle)

$1.34 €1.20

$1.31 €1.17

2.29%

Imported Beer (0.33 liter bottle)

$1.64 €1.46

$1.91 €1.71

-14.14%

One-way Ticket (Public Transport)

$2.18 €1.94

$2.21 €1.98

-1.36%

Public Transport Monthly Pass (Regular Price)

$38.70 €34.53

$41.10 €36.67

-5.84%

Taxi Start (Normal Tariff)

$4.48 €4.00

$4.96 €4.43

-9.68%

Taxi (Normal Tariff) (1km)

$1.28 €1.15

$1.37 €1.22

-6.57%

Taxi 1hour Waiting (Normal Tariff)

$23.48 €20.95

$23.84 €21.27

-1.51%

Gasoline (1 liter)

$1.80 €1.61

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

$33.8K €30.2K

$32.1K €28.6K

5.38%

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

$31.3K €27.9K

$32.1K €28.6K

-2.40%

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

$155 €138

$244 €218

-36.68%

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

$15.96 €14.24

$23.37 €20.85

-31.71%

Internet (50+ Mbps, Unlimited Data)

$33.43 €29.82

$42.15 €37.61

-20.69%

Gym Membership (Monthly)

$40.25 €35.91

$60.7 €54.1

-33.65%

Tennis Court (1 Hour on Weekend)

$8.70 €7.76

$26.93 €24.03

-67.69%

Cinema Ticket

$10.80 €9.64

$9.52 €8.49

13.45%

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

$573 €511

$608 €542

-5.71%

International Primary School, 1 Child (Yearly)

$9,639 €8,600

$10.7K €9,562

-10.06%

Jeans (Levis 501 Or Similar)

$93.3 €83.2

$70.7 €63.1

31.92%

Summer Dress (H&M, Zara, etc)

$42.41 €37.84

$54.7 €48.76

-22.41%

Sport Shoes (Adidas, Nike)

$95.8 €85.5

$100.0 €89.2

-4.12%

Men's Leather Business Shoes

$116 €103

$129 €115

-10.15%

1-bedroom Apartment, City Center (Monthly)

$1,468 €1,310

$1,614 €1,440

-9.05%

1-bedroom Apartment, Outside City Center (Monthly)

$1,095 €977

$1,199 €1,070

-8.66%

3-bedroom Apartment, City Center (Monthly)

$2,331 €2,080

$2,601 €2,320

-10.38%

3-bedroom Apartment, Outside City Center (Monthly)

$1,653 €1,475

$2,041 €1,821

-18.98%

Buy Apartment in City Center (m2)

$5,549 €4,950

$7,165 €6,393

-22.56%

Buy Apartment Outside City Center (m2)

$3,319 €2,961

$4,158 €3,710

-20.18%

Average Monthly Net Salary (After Tax)

$1,854 €1,654

$2,011 €1,794

-7.80%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.41

3.07

11.07%

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

Last update for Valencia: October 27, 2026

Last update for Palma de Mallorca: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Valencia

$1.1K 52.4%

Palma de Mallorca

$1.2K 50.9% 9.5% $104

Eating Out

Valencia

$263 12.6%

Palma de Mallorca

$276 11.7% 5.1% $13

Groceries & Markets

Valencia

$253 12.1%

Palma de Mallorca

$271 11.5% 7% $18

Monthly Utilities & Internet

Valencia

$204 9.8%

Palma de Mallorca

$310 13.2% 51.8% $106

Clothing & Footwear

Valencia

$156 7.5%

Palma de Mallorca

$159 6.8% 2% $3.1

Sport & Entertainment

Valencia

$62 3%

Palma de Mallorca

$80 3.4% 28.9% $18

Getting Around

Valencia

$58 2.8%

Palma de Mallorca

$62 2.6% 5.9% $3.5

Cost Breakdown

A one-bedroom apartment in the center runs $1,468 in Valencia and $1,614 in Palma de Mallorca. 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: $66 in Valencia vs $66 in Palma de Mallorca for a mid-range dinner for two. Groceries echo the gap at $253 vs $271 per month, with Valencia cheaper across the board.

Good to know

🇪🇸 Valencia

🇪🇸 Palma de Mallorca

🕒 Local time

22:01 10:01 PM

Same time as Valencia

🌤 Weather

👥 Population

807,693

423,350

💱 Currency

Euro EUR €

📈 Exchange rate

1 EUR = 1.12 USD

Exchange rates and currency converter

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Valencia Palma de Mallorca 260 km

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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 about 11% cheaper overall, especially in leisure, groceries, and utilities. That difference adds up to real monthly savings that compound significantly over time.

On paper, salaries run 8% lower in Valencia. 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: $1,468 in Valencia versus $1,614 in Palma de Mallorca. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $573 in Valencia versus $608 in Palma de Mallorca. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

A monthly transit pass in Valencia runs roughly 6% less than in Palma de Mallorca. The price difference matters if you commute daily and watch your budget.

Either city works on $3,000 a month, though Valencia gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

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 both considered safe, so it’s unlikely to be the deciding factor between them.

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