Is Palma de Mallorca more expensive than Malaga?

Palma de Mallorca is 14.2% more expensive than Malaga overall. Rent is 6.6% higher, groceries 3.4% more expensive, and restaurants 12.7% more expensive.

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

Malaga has a purchasing power index of 90.0 while Palma de Mallorca has 90.4 (NYC = 100). Palma de Mallorca offers better purchasing power.

Cost of Living Comparison · 2026

🇪🇸 Malaga vs 🇪🇸 Palma de Mallorca

2026

Palma de Mallorca is 14.2% more expensive

Category	🇪🇸 Malaga	🇪🇸 Palma de Mallorca	Difference
Cost of Living	51.4	58.7	+14.2%
Rent	28.7	30.6	+6.6%
Groceries	50.1	51.8	+3.4%
Restaurants	57.7	65.0	+12.7%
Purchasing Power	90.0	90.4	+0.4%

Data verified Q1 2026 · Source: Numbeo cost-of-living indices (NYC = 100 baseline) · Indices reflect relative costs; absolute prices vary by neighbourhood.