Cost of Living in Palma

# Cost Guide for Living in Palma, Spain

Are you considering moving to Palma, Spain, and wondering about the cost of living? Palma, the charming capital of the Balearic Islands, offers a high quality of life with its stunning architecture, beautiful beaches, and vibrant cultural scene. To help you plan your budget, here is a comprehensive cost guide for living in Palma, covering rent, coworking spaces, SIM/data plans, food, transportation, gym memberships, internet speeds, safety, neighbourhood comparisons, and a monthly budget breakdown.

## Rent Ranges by Neighbourhood

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City Centre

The heart of Palma offers a mix of historic and modern apartments. Rental prices for a one-bedroom apartment in the city centre range from £800 to £1200 per month. -

Santa Catalina

Known for its trendy bars and restaurants, Santa Catalina offers a vibrant neighbourhood vibe. Rent for a one-bedroom apartment here ranges from £700 to £1000 per month.

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El Terreno

This hilly neighbourhood overlooks the port and offers stunning views. Expect to pay between £600 and £900 per month for a one-bedroom apartment in El Terreno.

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Paseo Marítimo

With its seafront location, Paseo Marítimo attracts those looking for a luxury lifestyle. Rent for a one-bedroom apartment here ranges from £900 to £1500 per month.

## Coworking Costs

If you're a digital nomad or remote worker, Palma offers a range of coworking spaces to choose from. Monthly memberships in coworking spaces typically start from £100 to £200, depending on the facilities and location.

## SIM/Data Plans

For mobile services, popular providers in Spain include Movistar, Vodafone, and Orange. A prepaid SIM card with data can cost around £10 to £20 per month, depending on the data allowance and call minutes included.

## Food Costs

Palma has a diverse culinary scene, from traditional Spanish tapas bars to international cuisine. On average, a meal at a mid-range restaurant can cost around £15 to £25 per person. If you prefer cooking at home, a weekly grocery bill for one person can range from £30 to £50, depending on your lifestyle and dietary preferences.

## Transport Passes

The public transport system in Palma is efficient and includes buses and a metro system. A monthly public transport pass costs around £30 to £40, providing unlimited travel within the city and its suburbs.

## Gym Memberships

For fitness enthusiasts, gym memberships in Palma range from £30 to £60 per month, depending on the facilities and classes offered. Some gyms also offer discounts for longer-term memberships.

## Internet Speeds

Palma offers reliable internet services, with average speeds ranging from 30 to 300 Mbps. Internet plans from providers like Movistar and Vodafone start from £30 to £50 per month, depending on the speed and data allowance you choose.

## Safety Notes

Palma is generally considered a safe city to live in, with low crime rates compared to other European cities. However, it's always advisable to take common-sense precautions, such as avoiding secluded areas at night and keeping an eye on your belongings in crowded places.

## Neighbourhood Comparison

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City Centre

Ideal for those who enjoy a bustling urban lifestyle with easy access to shops, restaurants, and cultural attractions. -

Santa Catalina

Perfect for foodies and social butterflies looking for a lively neighbourhood with a bohemian vibe.

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El Terreno

Suited for those seeking a quieter residential area with panoramic sea views and a relaxed atmosphere.

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Paseo Marítimo

Great for luxury seekers who want to be close to the waterfront and upscale dining options.

## Monthly Budget Breakdown

- Rent (1-bedroom apartment): £700 - £1500 - Coworking Space: £100 - £200 - SIM/Data Plan: £10 - £20 - Food: £250 - £400 - Transport: £30 - £40 - Gym Membership: £30 - £60 - Internet: £30 - £50 - Miscellaneous: £200 - £300

Total Monthly Budget Range

£1150 - £2570

By using this comprehensive cost guide, you can better plan and budget for your move to Palma, Spain. Whether you're a digital nomad, expat, or student, Palma offers a range of living options to suit different lifestyles and budgets.