Cost of Living in Palma
How much does it cost to visit Palma? Daily budgets, accommodation costs, and real price examples for 2026.
Photo: Atharva Tulsi / Unsplash
Daily Budget Breakdown
Budget
Hostels, street food, free attractions
EUR 70
per day
Weekly: EUR 490
Monthly: EUR 2100
Examples
- 🏨Hostel One Palma dorm bedEUR 25
- 🍽️Tapas at Bar BoschEUR 15
- 🚌Palma City Card (24h)EUR 10
- 🎟️Explore Palma Cathedral and Almudaina PalaceEUR 15
- 🎟️Wander through the historic Old Town and La LonjaEUR 0
Mid-Range
3-star hotels, restaurants, guided tours
EUR 150
per day
Weekly: EUR 1050
Monthly: EUR 4500
Examples
- 🏨Hotel Mirador double roomEUR 70
- 🍽️Paella at Restaurante Can Joan de S'AigoEUR 25
- 🚌Rent a bicycle from Palma Bike HireEUR 15
- 🎟️Visit the Es Baluard Museum of Modern and Contemporary ArtEUR 6
- 🎟️Take a boat trip along the coastEUR 34
Luxury
5-star hotels, fine dining, private tours
EUR 350
per day
Weekly: EUR 2450
Monthly: EUR 10500
Examples
- 🏨Hotel Cort suiteEUR 200
- 🍽️Tasting menu at Marc Fosh RestaurantEUR 100
- 🚌Private transfer from the airport and local taxisEUR 20
- 🎟️Private guided tour of Palma Cathedral and Old TownEUR 30
Cost by Category
accommodation
30-80 EUR (hostel/budget hotel)
food
30-60 EUR (mix of market/casual dining)
Transport
5-10 EUR (public transport/walking)
activities
20-40 EUR (museums/entry fees)
Cost by Neighbourhood
| Neighbourhood | Budget Level | vs City Centre | Best For |
|---|---|---|---|
| Old Town (Casco Antiguo) | Luxury | at center | first-timers, couples |
| Santa Catalina | Mid-range | slightly below center | foodies, nightlife |
| El Molinar / Portixol | Luxury | slightly above center | couples, luxury |
| Plaça d'Espanya / Avinguda Jaume III | Budget | below center | first-timers, budget |
Money-Saving Tips for Palma
🏨 Accommodation
- Stay in budget neighbourhoods outside the tourist centre
- Book apartments for longer stays (weekly discounts)
- Travel in shoulder season for lower hotel rates
- Compare prices across multiple booking platforms
🍽️ Food & Drink
- Eat where locals eat, away from tourist hotspots
- Try street food and market stalls for cheap eats
- Buy lunch specials instead of evening meals
- Cook some meals if your accommodation has a kitchen
🚌 Transport
- Buy multi-day transit passes for unlimited travel
- Walk between nearby attractions to save fares
- Use public transport over taxis where possible
- Book airport transfers in advance for fixed prices
🎟️ Activities
- Take free walking tours (tip-based)
- Look for free museum days or discounted hours
- Book tours and activities online for lower prices
- Explore parks, markets, and neighbourhoods on foot
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FAQ: Palma Costs
How much does it cost to visit Palma?
Budget travellers can visit Palma for around EUR 70/day (EUR 490/week). Mid-range travellers should budget EUR 150/day, while luxury travel costs around EUR 350/day.
Is Palma expensive?
Palma is moderately priced. At EUR 70/day for budget travellers, it offers good value compared to major Western capitals.
How much should I budget per day in Palma?
For a comfortable mid-range experience in Palma, budget EUR 150/day. This covers a decent hotel, meals at sit-down restaurants, public transport, and a couple of activities.
What is the cheapest way to visit Palma?
Budget travellers in Palma can get by on EUR 70/day by staying in hostels or budget hotels, eating street food and local restaurants, using public transport, and choosing free walking tours and public attractions.