Is Palma de Mallorca more expensive than Madrid?

Palma de Mallorca is 4.1% cheaper than Madrid overall. Rent is 8.0% lower, groceries 10.5% cheaper, and restaurants 3.9% more expensive.

Which city has better purchasing power, Madrid or Palma de Mallorca?

Madrid has a purchasing power index of 101.7 while Palma de Mallorca has 86.3 (NYC = 100). Madrid offers better purchasing power.

Madrid vs Palma de Mallorca: Palma de Mallorca is 4.1% cheaper, rent 8% lower (2026)

Category	🇪🇸 Madrid	🇪🇸 Palma de Mallorca	Difference
Cost of Living	46.9	45.0	-4.1%
Rent	33.8	31.1	-8.0%
Groceries	57.0	51.0	-10.5%
Restaurants	64.6	67.1	+3.9%
Purchasing Power	101.7	86.3	-15.1%

Data from October 2026 · Cost of living: Numbeo, blended with Expatistan and LivingCost where available. Rent, groceries, restaurants and purchasing power: Numbeo (NYC = 100) · Indices reflect relative costs; absolute prices vary by neighbourhood.

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🇪🇸 Cost of Living in Madrid

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🇪🇸 Cost of Living in Palma de Mallorca

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🇪🇸 Should I Move to Madrid?

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