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Madrid vs Palma de Mallorca cost of living 2026
Which is cheaper, what exactly is cheaper, and how it feels on your money ยท Updated October 2026
๐ช๐ธ Madrid
๐ช๐ธ Palma de Mallorca
At a glance
- Where Palma de Mallorca is clearly cheaper: Entry ticket (33%โ), Studio rent (month) (20%โ), Taxi (18%โ)
- Where Madrid is clearly cheaper: Laundry (67%โ), Transit (25%โ), Hotel night (20%โ)
By category
Salary equivalence
Travel difficulty
Both cities are about equally easy to travel. Biggest gap: getting around โ Madrid 1 vs Palma de Mallorca 2. Closer to 1 is easier. Difficulty ranking โบ
Item by item
| Item | Madrid | Palma de Mallorca | Cheaper |
|---|---|---|---|
| Local mealper person | โฌ 14$16.3 | โฌ 16$18.6 | Madrid โ12% |
| Street food1 item | โฌ 5$5.81 | โฌ 6$6.98 | Madrid โ17% |
| Restaurant dinnerper person | โฌ 30$34.9 | โฌ 35$40.7 | Madrid โ14% |
| Coffeeone cup | โฌ 2.5$2.91 | โฌ 2.8$3.26 | Madrid โ11% |
| Beerone bottle | โฌ 4$4.65 | โฌ 4$4.65 | similar |
| Cocktail & wineone cup | โฌ 9$10.5 | โฌ 10$11.6 | Madrid โ10% |
| Bottled water | โฌ 1.2$1.4 | โฌ 1.2$1.4 | similar |
| Convenience store1 snack or drink | โฌ 1.8$2.09 | โฌ 1.8$2.09 | similar |
| Taxi5 km in town | โฌ 11$12.8 | โฌ 9$10.5 | Palma de Mallorca โ18% |
| Tuk-tuk / moto taxishort hop | โฌ 7$8.14 | โฌ 6$6.98 | Palma de Mallorca โ14% |
| Transitone ride | โฌ 1.5$1.74 | โฌ 2$2.33 | Madrid โ25% |
| Scooter rentalper day | โฌ 35$40.7 | โฌ 35$40.7 | similar |
| Hotel night3-star | โฌ 120$140 | โฌ 150$174 | Madrid โ20% |
| Studio rent (month) | โฌ 1,250$1,453 | โฌ 1,000$1,163 | Palma de Mallorca โ20% |
| Laundry | โฌ 3$3.49 | โฌ 9$10.5 | Madrid โ67% |
| SIM card1 week data | โฌ 15$17.4 | โฌ 15$17.4 | similar |
| Haircutcut | โฌ 18$20.9 | โฌ 17$19.8 | Palma de Mallorca โ6% |
| Massage1 hour | โฌ 50$58.1 | โฌ 55$64 | Madrid โ9% |
| Half-day tourper person | โฌ 35$40.7 | โฌ 40$46.5 | Madrid โ12% |
| Entry ticketTourist town | โฌ 15$17.4 | โฌ 10$11.6 | Palma de Mallorca โ33% |
Reference prices start as estimates from published price levels; items with 3+ traveler reports use the median of real reports. Hostels and local eateries cut both by 30%+.
FAQ
Which is cheaper, Madrid or Palma de Mallorca?
Madrid is 7% cheaper than Palma de Mallorca. Daily budget $267 vs $311; a month $5,187 vs $5,156.
Which is easier to travel, Madrid or Palma de Mallorca?
About the same: Madrid 1.8/5, Palma de Mallorca 2.0/5 (average of rip-offs, language, transport, payments and safety).
How do monthly costs compare between Madrid and Palma de Mallorca?
With a short-term studio and living costs, Madrid is about $5,187 and Palma de Mallorca about $5,156 per month.
Where do the numbers come from?
They start as estimates informed by published price levels; any item with 3+ traveler reports switches to the median of real reports. Live reports are in the app.