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Is it cheaper to live in Mallorca, Spain, or UK — 2022 prices comparison

Mallorca is one of the most popular destinations for holidays, tourism, and property purchases among Brits, Europeans, and Scandinavians. So many people are concerned about the prices and costs of living in Mallorca.

The real estate experts at Yes! Mallorca has prepared this essential overview of living costs. 

Contents

  1. Why Majorca?

  2. The cost of living in Mallorca compared to the UK.

    1. Consumer Prices
    2. Transport costs
    3. Utility costs
    4. Childcare
    5. Clothing and Shoes
    6. Rental costs 
    7. Buy Property Price
    8. Health and Insurance

  3. Electricity cost in Mallorca

  4. How much does petrol cost in Mallorca?

  5. Salaries And Financing 
  6. How much money do I need to immigrate to Mallorca?

  7. Example of calculating the amount of money to move from the UK to Mallorca
  8. How much does it cost to live in Mallorca for three months
  9. Where is it cheaper to live in Mallorca, Spain, or the UK?


Why Mallorca?

The Balearic Islands is the region with the highest percentage of foreigners of any Spanish autonomy. 18.8% of all inhabitants of the Balearic Islands are foreigners.

Mallorca, the capital of BI, attracts the most foreigners. According to the National Institute for Statistics (INE), there will be a total of 1,176,000 inhabitants registered in Mallorca in 2022. 55.99% of them are native Mallorcan residents. 20.2% of Mallorca residents are Spanish citizens who have moved here from other autonomies. And 23.8% are expats officially registered on the island.

Citizens of which countries own property in Mallorca.png

Citizens of which countries own property in Mallorca?

County

Number of citizens officially registered in Mallorca 

Germany

23.932

United Kingdom

19.538

Italy

22.078

Austria

1.019

The Netherlands

3.045

Switzerland

1.212

Belgium

1.368

Ukraine

2.104

France

6.877

Portugal

1.964


UK citizens are traditionally one of the largest groups of foreigners who own property in Mallorca. So, they need to know the price of living in Mallorca. Rising inflation and energy costs make this question even more critical. Many British residents wonder how cheap or expensive it is to live in Mallorca compared to the UK.

This article answers popular questions about the cost of living in Mallorca.

  1. Is it expensive to live in Majorca?

  2. How much money do you need to emigrate to Majorca?

  3. Is Majorca more expensive than England?

  4. How much does electricity cost in Majorca?

  5. How much does petrol cost in Majorca?

  6. The cost of living in Mallorca 2022.

  7. How much does it cost to live in Majorca for three months?

  8. Where is it cheaper to live - in the UK or Mallorca? 

The cost of living in Mallorca compared to the UK

To understand how cheaper it is to live in Majorca than in the UK, the first thing to do is compare daily expenses. And prices for basic costs are the same across the Majorca island. In the UK,  living prices can vary depending on the city in which you live. Therefore, for a more accurate analysis, we compare the island of Majorca and three cities in the United Kingdom: London, Birmingham, and Glasgow.

Prices of living in different categories (according to the Numbeo analytical portal for September 2022):

1.     Consumer prices

Food Prices and Groceries Mallorca VS UK

Mallorca

London

Birmingham

Glasgow

Milk (regular), (1 liter)

0.85 €

1.24 €

1.01 €

1.08 €

Loaf of Fresh White Bread (500g)

0.92 €

1.20 €

1.08 €

1.19 €

Eggs (regular) (12)

2.29 €

2.68 €

2.10 €

2.38 €

Chicken Fillets (1kg)

5.97 €

7.48 €

5.84 €

6.83 €

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

10.50 €

12.40 €

8.55 €

10.66 €

Apples (1kg)

2.06 €

2.44 €

2.03 €

2.01 €

Tomatoes (1kg)

1.68 €

2.84 €

1.25 €

2.05 €

Potatoes (1kg)

1.28 €

1.30 €

2.09 €

1.08 €

Water (1.5 liter bottle)

0.76 €

1.33 €

1.25 €

1.03 €

Bottle of Wine (Mid-Range)

5.00 €

9.15 €

8.00 €

8.00 €

Domestic Beer (0.5 liter bottle)

0.85 €

2.26 €

1.86 €

1.79 €

Imported Beer (0.33 liter bottle)

1.23 €

2.83 €

1.89 €

2.33 €

Cigarettes 20 Pack (Marlboro)

5.05 €

14.86 €

14.01 €

14.29 €


Most food in Mallorca is 10-30% cheaper than in the UK.

2.     Transportation

Mallorca

London

Birmingham

Glasgow

One-way Ticket (Local Transport)

2.00 €

3.20 €

2.74 €

2.86 €

Taxi Start (Normal Tariff)

4.00 €

5.49 €

2.52 €

3.32 €

Taxi 1km (Normal Tariff)

0.97 €

1.94 €

1.28 €

1.14 €

Gasoline (1 liter)

1.57 €*

2.01 €

1.81 €

1.82 €


Transport costs are also much lower in Mallorca than in the UK (except for taxis). The petrol price in Mallorca in 2022 is 25% lower than in UK cities (including volume discounts and government subsidies).

3.     Utility Costs

Mallorca

London

Birmingham

Glasgow

Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment

137.08 €

279.40 €

212.36 €

197.49 €

1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)

0.27 €

0.15 €

0.16 €

0.11 €

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

41.43 €

34.20 €

30.14 €

32.50 €


4.     Childcare 

Mallorca

London

Birmingham

Glasgow

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

368.57 €

1,801.92 €

1,130.73 €

758.96 €

International Primary School, Yearly for 1 Child

11,400.00 €

21,514.70 €

16,198.71 €

12,768.40 €


5.    Clothing And Shoes

Mallorca

London

Birmingham

Glasgow

1 Pair of Jeans (Levis 501 Or Similar)

68.00 €

87.28 €

73.69 €

73.56 €

1 Summer Dress in a Chain Store (Zara, H&M, ...)

28.75 €

39.54 €

33.49 €

30.49 €

1 Pair of Nike Running Shoes (Mid-Range)

63.00 €

85.78 €

82.90 €

78.61 €

1 Pair of Men Leather Business Shoes

98.12 €

109.46 €

75.75 €

68.61 €


6.    Rent Apartment Price 

Mallorca

London

Birmingham

Glasgow

Apartment (1 bedroom) in City Centre

858.33 €

2,120.88 €

898.79 €

884.80 €

Apartment (1 bedroom) Outside of Centre

716.67 €

1,548.43 €

681.49 €

679.74 €

Apartment (3 bedrooms) in City Centre

1,466.67 €

3,884.16 €

2,267.49 €

1,555.89 €

Apartment (3 bedrooms) Outside of Centre

1,266.67 €

2,550.31 €

1,372.13 €

1,130.73 €


Although Mallorca is one of Spain's most "expensive" regions, the cost of renting a home here is lower than in UK cities. The same is with the buying property prices. Mallorca's property prices are 2-3 lower than in the UK.

7.   Buy Apartment Price 

Mallorca

London

Birmingham

Glasgow

Price per Square Meter to Buy Apartment in City Centre

4,475.00 €

15,052.06 €

6,463.88 €

5,262.20 €

Price per Square Meter to Buy Apartment Outside of Centre

2,637.50 €

7,942.07 €

3,773.62 €

2,684.22 €

8.    Health and Insurance

Mallorca

The UK

Medical Insurance

From 37 ,60 €/month

From 180 €/ month

Electricity cost in Mallorca

Electricity cost in Mallorca

Electricity and fuel costs are rising in 2022 throughout Europe and the UK.

Energy Suppliers in Mallorca provide flexible tariffs for electricity consumption as follows:

1. A flat-rate tariff based on the kilowatts you use and the power you consume. Here's a flat-rate price example from one of Mallorca's leading energy company — Endesa:

15-30kW:

30-50kW:

50-100kW:

·       0,192699 €/kWh

·       0,172904 €/kWh

·       0,129289 €/kWh

·       0,188567 €/kWh

·       0,168758 €/kWh

·       0,125166 €/kWh

·       0,185322 €/kWh

·       0,165525 €/kWh

·       0,121922 €/kWh


2. Variable or floating energy rate - the prices vary during the day. For example, the price is lower at nigth than during the day. Energy company gives you a chance to save money if you use appliances like the washing machine, dishwasher, etc., in hours when your electricity tariff is cheaper.

Maximum value: 0.10787 €/kWh

Average value: 0.10131 €/kWh

Minimum value: 0.07664 €/kWh

3. A flexible tariff means the price depends on your behavior. The company defines the hour in the day when you use electricity the most and sets a discount for that hour. The cost per kilowatt goes up during the lowest hour of consumption.

We recommend contacting your electricity provider for more detailed advice to find the most suitable tariff for you.

What time is the electricity in Mallorca cheaper?

Suppose you like to save money and you are a practical person. In that case, you will probably choose a floating rate electricity tariff when you buy a property in Mallorca. But how do you know when electricity consumption will be cheaper for you?

It is straightforward and quite logical:

Electricity in Spain is cheaper when it is used less. That is, at night.

The tariff is at a reduced price from 22:00 to 12:00 in the winter and from 23:00 to 13:00 in the summer.

From 1 a.m. to 7 a.m. is the cheapest period.

Use your electricity wisely! Program your washing machine and dishwasher to run at the lowest electricity tariff. Then you can save up to 35% on your Mallorca electricity bill.

How much does petrol cost in Mallorca?

One of the most pressing issues for Europeans today is car fuel cost. The popular REPSOL chain of petrol stations in Mallorca offers fuel at the following rates (as of September 2022):

- Petrol 95 - €1.899 per liter

- Diesel A - 1,909 EUR per liter

- Gasoline 98 - €2.059 per liter

The price ratios for the different fuel types are the same as at the other fuel stations in Spain. Spanish Authorities have decided that each petrol station must provide a discount of 20 cents per liter of fuel. The Spanish government allocates funds to cover the difference from the treasury.

You can also get an extra 5 to 10 cents off a liter of fuel if you use the Mallorca petrol station mobile app, where you often fill up your car. Altogether, with all these discounts, the price of a liter of petrol-95 will come to 1.57 €/liter.

In addition, Mallorca is an island. The distances to the necessary infrastructure are not extended. And hence the car's mileage is less, and the fuel consumption is lower.

Conclusion:

The amount to maintain an average standard of living in London would be 1,005.94 euros per person, without considering the rent cost. In Birmingham, your living expenses would be €711.08. A month of living in Glasgow would cost €765.04. To maintain the same standard of living in Mallorca, you would need €715.99.

However, these locations' average monthly income levels are also very different.

Fuel prices in Mallorca

Salaries And Financing

Mallorca

London

Birmingham

Glasgow

Average Monthly Net Salary (After Tax)

1,579.17€

3,092.62€

2,519.20€

2,702.48€


Most UK citizens living in Majorca continue to earn or receive money from the UK. For example, freelancers, senior managers of UK companies, business owners, IT, designers, and retired people.

Earnings in the UK are incomparably higher than in Majorca. At the same time, Mallorca is cheaper to live. Therefore, if the income is generated in the UK, it is more profitable to live in Majorca. But also keep in mind the tax residency. Before deciding, we recommend consulting your tax advisor to avoid problems with the country and the amount of taxes to pay.

How much money do I need to emigrate to Majorca?

The cost of living in Majorca, Spain, is lower than in the UK.

But it would be best if you also considered the extra costs of moving to Mallorca. 

We have prepared information for you on the possible extra costs related to moving to Mallorca from the UK.

Extra-costs of moving from the UK to Majorca, Spain 

Cost

Flight tickets

€ 53— 221

Car rental (high season)

From € 65 per day

Car rental (low season)

From € 30 per day

Hotel room for one night. Four stars

From € 100

Average property price

3.494 €/m2

Long-term apartment rentals

14,0 €/m2

Rental Bond

The price of 2 months of rental

Broker’commission for rental contract

The price of 2 months of rental

NIE Obtaining

€150

Account Opening in a Spanish Bank

Depends on the bank. Can be free.

Spanish Course

€ 15 – 20 per hour

Household shipping

From € 1.200 for box up to 100 kg

Home internet contract

From € 50


Сost of moving from the UK to Majorca

Example (2 adults)

Cost per 2 persons

Flight tickets

€120

Car rental per month (low season)

€ 1.000 /month

2-bedroom apartment rental

€13.400 per year (€1.120/month)

Broker’s commission

€ 2.240 (one-time fee)

Rental Bond

€ 2.240 (one-time fee)

NIE

€ 300

Household Shipping

€ 1.200

Internet contract

€ 600 per year

Spanish language course, 2 hours per week

€ 320 per month (1year )


Totally

€ 21.300

Note: When planning to rent a property in Mallorca, it is best to have a minimum amount equal to 1 year's rent. The landlord may ask for an appropriate "bank confirmation" of sufficient funds for a long-term lease. Therefore the rent amount is multiplied by 12 months.

A Spanish language course involves attending a tutor twice a week for 1 hour. The total for two people is 16 hours per month. The minimum duration of the Spanish course would be one year. Consequently, you need 2,880 Euros per year to study Spanish with a professional tutor.

Consequently, a family of two adults should have 21,300 euros on hand to move to Majorca comfortably and adapt to local life.

How much does it cost to live in Mallorca for three months?

Mallorca is one of Europe's top resorts. Europeans apparently decide to buy a property in Mallorca after spending a  holiday on the island. Most of them buy the property as a second residence to live for a few months per year. It's usually a few weeks during the Easter and summer holidays and Christmas time.

During the summer months, living expenses are limited to the grocery basket, filling up the car, and going out to restaurants. The living cost for one person would be  €550 - 600 per month (if you own a dwelling). If you plan to rent a property in Mallorca in the summer, the minimum price would be 1.500 euros per month.

During the winter, those who enjoy a quiet holiday in Mallorca would have a discount on property rental. In the off-season, renting a property in Mallorca can be 650 - 700 euros per month (for a 1-bedroom apartment). However, most grocery shops, petrol stations, and restaurants will reduce prices by 10% - 15% during winter. The monthly cost of living in Mallorca for one person per month during winter would be 500 euros.

Note: The monthly amount depends on the living standard and your demands. The calculation is based on everyday food consumption, visiting a restaurant once a week, and moderate car fuel using.

Where is it cheaper to live in Mallorca, Spain, or the UK? 

1.           Consumer prices in Mallorca are 37.23% lower than in London (excluding rents).

2.           Consumer prices, including rent, in Mallorca, are 62.19% lower than in London

3.           Rental prices in Mallorca are 114.37% lower than in London

4.           Mallorca restaurant prices are 41.71% lower than in London

5.           Food prices in Mallorca are 27.78% lower than in London

*based on Numbeo data

The quality of life in Mallorca is very high. You can enjoy a healthy, warm climate and outdoor activities throughout the year.

Living in Mallorca is cheaper compared to the UK and many other European countries. But to live here, you need to get your own home in Mallorca or rent it out.

We are here to help! Yes! Mallorca Property helps you buy or rent a Mallorca property.

We have excellent customer reviews on Google (five-starts). We will help you buy or sell your Mallorca property fast, safely, and profitably. Contact us today! 

This article Lebenshaltungskosten auf Mallorca 2022. Wo ist das Leben günstiger — Mallorca oder Deutschland: Übersicht und Preisvergleich provides more information about the cost of living in Mallorca compared to Germany.

Useful links for British citizens in Mallorca:
British Consulate Palma de Mallorca
Real estate agent in Mallorca

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