City Guide 2026
Spain
Living in Palma
Everything you need to know about cost of living, visas, taxes, climate, and lifestyle in Palma, Spain.
Monthly Cost (Solo)
$2,013
Rent + groceries + bills
Safety Score
64/100
Moderate
Avg Temperature
17°C
63°F average
Tourist Visa
90 days
DN visa available
Internet Speed
243 Mbps
Fast
Cost of Living in Palma
Rent Prices (USD/month)
| Apartment | City Center | Outside Center |
|---|---|---|
| 1 Bedroom | $1,240 | $806 |
| 3 Bedroom | $2,675 | $1,739 |
Source: Numbeo, crowd-sourced data.
Groceries
$400/month
Healthcare
$111/month
Utilities
$226/month
Transport
$36/month
Climate in Palma
Monthly Average Temperature (°C)
Jan
9.5°
Feb
9.8°
Mar
11.3°
Apr
13.6°
May
17.5°
Jun
21.7°
Jul
24.8°
Aug
25.1°
Sep
22.2°
Oct
18.5°
Nov
13.7°
Dec
10.8°
Air Quality (AQI)
42
Good
Avg Rain Days/mo
4
days per month
Beach Distance
0 km
to nearest coast
Mountains
15 km
to nearest range
Lifestyle in Palma
Walkability
60/100
Internet Speed
243 Mbps
Cultural Score
71/100
Nightlife
50/100
Outdoor Activities
60/100
English Proficiency
80/100
Expat Community
small
Transit Quality
good
Coworking Spaces
5+
LGBTQ+ Friendly
moderate
Tax Overview in Spain
Tax System
Worldwide (taxes global income)
Tax residency threshold: 183 days/year · Treaty network: good
| Tax Type | Rate |
|---|---|
| Capital Gains (Long-term) | 19% |
| Capital Gains (Short-term) | 30% |
| Dividend Tax | 19% |
| Interest Income | 19% |
| Wealth Tax | 0.28% above $3,000,000 |
| Crypto Gains | 19% |
| Exit Tax | No |
| Estate Tax | No |
Special Regime: Beckham Law (Special Tax Regime)
Flat rate: 24%
Tax rates are estimates. Consult a qualified tax advisor for your specific situation.
Frequently Asked Questions
How much does it cost to live in Palma?
A comfortable solo lifestyle in Palma costs approximately $2,013-3,221/month for a single person or couple, covering housing in the city center, groceries, healthcare, utilities, and transport. Rent for a 1-bedroom in the center averages $1,240/month.
Is Palma safe for expats?
Palma has a safety index of 64/100 (higher is safer). Palma has moderate safety levels. Standard precautions are recommended, especially at night in less-trafficked areas. Healthcare quality is rated 76/100.
What is the weather like in Palma?
Palma has an average annual temperature of 17°C (63°F). The warmest months reach 25.1°C and the coolest drop to 9.5°C. Air quality is good with an average AQI of 42.
What is the internet speed in Palma?
Average internet speed in Palma is 243 Mbps, which is excellent for remote work and video calls. There are 5+ coworking spaces available.
What taxes will I pay living in Spain?
Spain uses a worldwide tax system. Capital gains are taxed at 19% (long-term) and dividends at 19%. There is a wealth tax of 0.28% on assets above $3,000,000. Tax residency kicks in after 183 days/year. A special regime (Beckham Law (Special Tax Regime)) may offer reduced rates.
Can I get a digital nomad visa in Palma?
Yes, Spain offers a digital nomad visa valid for 12 months. The residency pathway is: 5 years of continuous legal residence for Permanent Residency..
Is Palma good for digital nomads?
Palma has fast internet at 243 Mbps, a small expat community, and 5+ coworking spaces. English proficiency is high at 80/100. The cost of living index is 50/100 (NYC = 100), making it moderately priced for remote workers.
Can You Retire on $X in Palma?
Run the FIRE math for Palma against the most-searched portfolio milestones — honest yes/no/tight verdicts with the numbers behind them.
Compare Palma with other cities
See what your money actually buys across housing, food, healthcare, and more with our lifestyle purchasing power tool.