🇪🇸 Cost of living · Spain
Palma Cost of Living
Monthly cost of living breakdown for Palma, Spain
Cost Level: Medium
Housing
1BR Apartment — City Center €800–1,300/mo (centre); €650–1,000/mo (outer)
USD Reference Approx. USD 920–1,500/mo (1BR centre) · at 2026-08-04 FX rates
Food & Dining
Budget Restaurant / Local Eatery €12–18 (casual); €45–78 (restaurant for 2)
Monthly Groceries €240–360/mo (groceries)
Transport
Monthly Transport Cost Monthly pass ~€40
Metro (1 line) + tram/commuter rail + buses; transit card. Palma Airport (PMI, Spain’s 3rd-busiest, highly seasonal). Walkable old town and seafront promenade.
Monthly Budget Summary
Budget Lifestyle (single)
USD 1,200–2,000
Comfortable Lifestyle (single)
USD 2,000–3,500
Family Budget (2–3 people)
USD 4,000–6,500
Important Note
Data above is approximate and indicative. Actual costs vary by location, personal lifestyle, and exchange rate fluctuations. Verify with local sources after arrival.
Source: RichBay editorial estimate (indicative, not guaranteed)
Estimate baseline: 2026-06-21
How we estimate
- Coverage: the city and its immediate surrounding area.
- Housing: public statistics and current listing ranges (1-bedroom, city-centre baseline).
- Food & transport: supermarket / restaurant reference baskets and official operator fares.
- Currency conversion uses a reference rate; any USD figures are computed at the rate shown.
- Confidence: Medium — an editorial estimate, not a crowdsourced index.
- Cost level is relative to Richbay’s global city set, not an absolute index.
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