Is Palma de Mallorca more expensive than Malaga?

Palma de Mallorca is 15.0% more expensive than Malaga overall. Rent is 2.2% higher, groceries 3.2% more expensive, and restaurants 9.9% more expensive.

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

Malaga has a purchasing power index of 88.0 while Palma de Mallorca has 84.8 (NYC = 100). Malaga offers better purchasing power.

Cost of Living Comparison · 2026

🇪🇸 Malaga vs 🇪🇸 Palma de Mallorca

2026

Palma de Mallorca is 15.0% more expensive

Category	🇪🇸 Malaga	🇪🇸 Palma de Mallorca	Difference
Cost of Living	52.7	60.6	+15.0%
Rent	31.9	32.6	+2.2%
Groceries	53.8	55.5	+3.2%
Restaurants	59.5	65.4	+9.9%
Purchasing Power	88.0	84.8	-3.6%

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