Is Palma de Mallorca more expensive than Madrid?

Palma de Mallorca is 0.0% cheaper than Madrid overall. Rent is 6.1% lower, groceries 9.9% cheaper, and restaurants 7.6% more expensive.

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

Madrid has a purchasing power index of 105.2 while Palma de Mallorca has 90.4 (NYC = 100). Madrid offers better purchasing power.

Cost of Living Comparison · 2026

🇪🇸 Madrid vs 🇪🇸 Palma de Mallorca

2026

Palma de Mallorca is 0.0% cheaper

Category	🇪🇸 Madrid	🇪🇸 Palma de Mallorca	Difference
Cost of Living	58.7	58.7	0.0%
Rent	32.6	30.6	-6.1%
Groceries	57.5	51.8	-9.9%
Restaurants	60.4	65.0	+7.6%
Purchasing Power	105.2	90.4	-14.1%

Data verified Q1 2026 · Source: Numbeo cost-of-living indices (NYC = 100 baseline) · 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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