Written by Kittenproperties
10.07.2023
When considering relocating to a new country, the cost of living is a crucial factor to consider. In this regard, Portugal, and specifically the city of Palma, presents an appealing option. But what does it really cost to live in Palma, Portugal? This comprehensive guide will shed light on everything you need to know, from everyday necessities to property prices, transportation costs, and more.
Shopping for groceries in Palma is generally affordable. Local markets are filled with fresh produce, locally sourced dairy products, and an abundance of seafood. According to Numbeo, as of 2023, the average monthly grocery bill for a single person in Palma is approximately €150-€200.
Whether you enjoy fine dining or prefer simple, homely meals, Palma has something to offer everyone. A meal at an inexpensive restaurant will cost around €10, while a three-course meal for two people at a mid-range restaurant is roughly €45.
As in any city, rental costs in Palma vary depending on location and the size of the property. On average, a one-bedroom apartment in the city centre costs around €600 per month, while the same outside the centre would be approximately €450.
Investing in property in Palma can be quite rewarding due to the city's rising popularity. As of 2023, the average price per square meter in the city centre is around €2,500. Outside of the city centre, this price drops to about €1,700 per square meter.
Public transportation in Palma is reliable and affordable. A monthly pass for public transportation costs around €40. Taxis start at €3, with an additional €1 per kilometer.
If you prefer owning a car, expect to pay around €20,000 for a new compact car. Petrol prices are around €1.50 per litre as of 2023.
Healthcare in Palma is renowned for its high standards. Residents contribute to the public healthcare system through their taxes. However, private insurance is also popular, with monthly premiums starting at €20.
Public education in Palma is free of charge from ages 6 to 18. For expats desiring international schools, the average annual tuition fee starts from €7,000.
Day-to-day expenses such as utilities and internet typically add up to around €100-€150 per month. A gym membership is about €30 per month.
Palma is filled with architectural marvels that make you feel as though you're stepping back in time. From the majestic Palma Cathedral to the Bellver Castle, these architectural feats are not only sights for sore eyes but also free to admire.
The Old Town of Palma is a labyrinth of narrow streets, charming boutiques, quaint cafes, and historic buildings. Strolling around here, getting lost among its beauties, is a favourite pastime of locals and expats alike - and it costs nothing!
Palma, blessed with a Mediterranean climate, enjoys over 300 days of sunshine per year. This means fewer expenses for heating in winter and more opportunities for free outdoor activities.
Palma, a vibrant and lively city, hosts a variety of festivals and events throughout the year. These festivals, from the vibrant Carnival in February to the Night of Fire in June, are open to everyone and provide free entertainment.
If you enjoy socialising, you'll love Palma's buzzing nightlife. With a variety of bars and clubs, there's always somewhere to let loose. The average cost for a local beer is around €2-€3.
Palma is home to several parks, gardens, and beautiful beaches. These provide excellent spots for running, picnics, sunbathing, and swimming. Access to these areas is free, making it easy to enjoy the natural beauty of Palma without spending a cent.
Whether you love golfing, sailing, or hiking, Palma has facilities to accommodate a range of sports activities. A round of golf might cost around €50, while hiring a boat for a day could be around €200.
The welcoming nature of the locals makes integrating into Palma's community a breeze. There are also numerous expat groups and clubs where newcomers can make connections and friends, usually at minimal cost.
Palma is considered a safe city, with a low crime rate. Nevertheless, as with anywhere, maintaining common sense precautions is essential.
Living in Palma, Portugal offers an attractive blend of rich culture, affordable living, and high quality of life. This cost of living guide provides an overview of what you might expect to pay for various essentials and comforts. It is always recommended to thoroughly research and consider personal lifestyle and preferences when calculating your expected cost of living.
The average salary in Palma is approximately €1,000 to €1,500 per month after tax.
Yes, Palma is a popular retirement destination due to its affordable cost of living, warm climate, and friendly locals.
The cost of buying a house in Palma varies widely based on size and location. On average, expect to pay around €2,500 per square meter in the city centre.
Palma offers both public and private healthcare options. The public healthcare is covered through taxes, and private health insurance starts at €20 per month.
Yes, public transportation in Palma is known for being efficient, reliable, and affordable.
Relative to other European cities, Palma is considered to have a moderate cost of living, making it an attractive place to live for many.
The quality of life in Palma is generally high, with residents benefiting from the beautiful environment, rich culture, and good public services.
Yes, there are job opportunities in Palma, particularly in sectors such as tourism, real estate, and hospitality.
The official language in Palma is Portuguese, but English and Spanish are widely spoken and understood.
Yes, there are a number of reputable international schools in Palma, offering education in English and following international curriculums.
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